The Tangible Standard
What about interest? Interest as we know it in the new system is a different form and is not attached to the creation of new monetary units. Instead thousands may loan directly to borrowers in return for dividends. But it is not a loan, as you now know it, it is actually a contribution of energy and or raw materials to produce a finished product. The combined efficiencies decrease the energy required to produce a product or service below the actual value (the amount of energy another entity will in general contribute in some form to acquire the product or service). This difference is the energy multiplier and is the newly created wealth. Risk is minimized by the ability of those that contribute energy to obtain records of prior performance of an each individual entity and the entities combined as gestalt entity. It further minimized by the ability to monitor in real time the expenditure of "contributed" energy and actual production of finished goods or services.
What about taxes? There are none. Government "collective" services are purchased like any other product or service from contractors that win contracts based on their efficiency and quality rating. A large majority of government tasks being paperwork
What about wages? Wages are determined by many things but foremost is the amount of energy someone is willing to expend or would have to expend to obtain or perform your service. Also is the amount of invested time or energy required to obtain the capability to produce the product or service.
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Update 2009 read http://coinage.me the implementation Global Value Exchange System
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