>Date: 22 Jun 2005 09:05:34 -0000
>From: "Max" <max@...>
>Subject: Re: TURMEL: Mediterranean Tunnel

M: Dear Turmel, My comments below:

> JCT: How many Hours is that? What's the basic European
> wage? It used to be 6 Greenpounds/hour, 20
> Greenmarks/hour, 60 Greenfrancs/hour. How many
> Greeneuros/hour now?

M: The value of the work is about 400,000,000 hours/man.
It was calculated by ENEA.

JCT: So, EU$20,000,000,000 / 400,000,000 = $50 EU/Hour.
This must be on top of the materials.
For years, an Hour has been worth $10US = $12CA = 6UK pounds
= 20 German marks = 60 Francs.

I went to a currency converter and asked for
1Hr = 60 Francs = 60*0.15 = 9.15 Euros / hour.
1Hr = 20 Marks = 20*.51 = 10.2 Euros / hour
1Hr = 6 Pounds = 6*1.5 = 9 Euros / hour
1Hr = $10 = 10*.83 = 8.3 Euros / hour

So an Hour should be worth between 8 and 10 GreenEuros per
hour. I like $10 for everyone in direct link to the US but
it doesn't matter as long as Hours remain 60 seconds
forever.

> JCT: That is how Harold Ballard paid to build Maple Leaf
> Gardens in Toronto during the Great Depression, with
> tickets to his upcoming hockey games. That's how Paul
> Demarrais financed his Sudbury bus lines by paying his
> people with bus tickets. Any token of value will do.

M: Yes. Right.

JCT: It's so simple for government to do it right with
small-denomination bonds as has been done by many Argentine
provinces that it's a wonder other governments haven't
copied their successes. One reason I'm a conspiracy
theorist. The World Owners plan their oppression.

> M: A reference paper about this kind of financing can be
> found here: Walter Zander, Railway Money and Unemployment
> - Deutsches Volksrecht, 15 July 1933
> http://tinyurl.com/899wa
> JCT: I have no doubt that new money backed up by new
> construction is the way to go, interest-free.

M: Yes. Right.

> JCT: Good luck. Lead the way in showing the world how a
> Big LETS finances Big Projects.

M: We can do so here because our president, the economist
Nino Galloni, comes from the State (bureaucrat). He was the
director general of the Welfare Ministry.

> M: Some more word: The ethical leader of the proposed fund
> is the Italian Prince "Guglielmo Maria Lolli Ghetti di
> Ferentino", from a very ancient family of Rome, the "gens
> lollia", dating from three centuries before Christ.
>
> JCT: If you are using your own receipts for labor, what's
> the fund for?

M: Some tickets are to be exchanged with traditional
currency because we cannot expect that all the providers
will take the tickets instead of euros.

JCT: Exactly as done by the Toronto Dollar type systems.
Sell the tickets up front just like Harold Ballard and keep
the accounting open and online.

> Templar banking was without usury or interests, they only
> got some fees for their services.
> JCT: Whoa! That's the first time I ever heard that the
> Templars had abolished interest from their dealings with
> the outside world.

M: Yes, they had a very good system, a kind of banking
shari'a compliant. And compliant with the Bible and the
Torah.

> M: They employed techniques which they adopted from Muslims.
> THE TEMPLAR BANKERS http://tinyurl.com/79fod
>
> JCT: I checked the URL and it says they found a way around
> the usury laws to turn their money into more. They weren't
> abolitionists.

The URL may not have see the point: the Templars got some
fees for the services they provided. Fees and interest/usury
are some very different things.

JCT: The problem is that if the Templars were Abolitionists
of interest, why the strife with the Moslem Abolitionists of
interest? The fact so many nobility were pained by their
debts to the Order means that the credit was anti-social,
not social credit. No one who gets credit and isn't chased
as they do their best to repay can be said to be pained by
their social credit. Only anti-social credit has deadlines
which cause the pain. Lenders who lend interest-free do not
engender any resentment from borrowers. So it's unlikely the
Templars used their banking system interest-free.

M: Not all Templars were destroyed so today I am in touch
with the actual Templars, who agree very well with the idea
of cc. In fact, they are providing a good help.

JCT: No reason the new ones should err like the old ones.

> M: In 2001, Dr. Barbara Frale found the Chinon Parchment
> in the Secret Vatican Archives, a document that shows
> that Pope Clement V secretly pardoned the Knights Templar
> in 1314. http://tinyurl.com/9yrgf
>
> JCT: Regardless, the use of tickets that buy the product
> has been used successfully before. Including King Henry
> I's wooden tally tickets that bought tax payment.

M: True.

> What's the purpose of the cash fund and how increase do
> its investors get?

M: The investors buy the tickets today - and those tickets
are granted to have the same value after 11 years (i.e. you
can use one to pass the tunnel - now and then). Actually,
they may be valued more than the ordinary currency at that
time. Sincerely, Marco Saba

JCT: But you must print the tickets so they can be traded
like currency! Transit Dollars. Tunnel Lira. But not just
tickets. The purpose is to make everyone in the community
value the tickets as cash so you may as well call it
currency from the start. Transit dollars...



--
Abolitionist Slave Leader John C."The Banking Systems Engineer" Turmel
for UNILETS interest-free time-based currency in U.N. resolution C6
to Governments in the http://www.un.org/millennium/declaration.htm
http://www.cyberclass.net/turmel 519-753-0645 USENET: can.politics