World of Plenty, The Fiction Story
[Made available with permission from the author.
First published by GER, March, 1979. Revised March, 1980. The author
can be contacted via email at: firstname.lastname@example.org or
There is something beyond our understanding and comprehension that
pervades our world. It has been given different labels and many faiths
have been created around it, but whatever we believe it to be,
providing we care about one another, we can cause a Peace on Earth,
and bring about an end to Poverty and War.
1. For the love of mankind.
2. You arrive in the future.
3. The basis of globalism.
4. The development of Globalism.
5. How Globalism was implemented.
6. The GER Prospectus.
7. The Global Exchange Reserve Company.
9. Site Rate and Rent Revenue and Natural Resources Revenue.
10. Natural Income.
For the Love of Mankind
We are living in the most exciting time in mankind's history. We have
the power to either destroy our world or turn it into a paradise. The
wealth, the technology, and creativity required to transform our world
into a paradise, already exists, it simply has to be organised and
managed in a better manner. This small book is a plan of how we can
achieve a paradise on Earth.
The theme throughout the book is based on an idea that can be
realised in your mind and is expressed by the tenet:
'Let mankind share equally and fairly the Earth's natural
wealth and let everyone benefit exclusively from their own labour'
However if you believe as I do, in a maker, the tenet can be
'Let mankind share equally and fairly God's bounty and
let everyone benefit exclusively from their own labour'
This simply means that anything you produce, or if you simply provide
your labour for the production of a good or service, you are entitled
to keep all the income you receive, and no government is entitled to
take from you any part of your income in the form of direct or
indirect taxation. The finance to provide for government and community
services and facilities, will come from all that nature provides, or
in other words, everything that is not man made.
Basically our world is divided economically, politically and
socially, into two systems, Capitalism and Communism. Both systems
have good and bad points. The purpose of this book is not to examine
either Capitalism or Communism but to describe an alternative system
called Globalism. Globalism brings together and improves on the good
of Capitalism and Communism. Globalism will ultimately unite the world
economically, and is an alternative ideology to Capitalism and
Communism for the economic management of mankind's society.
'Globalism is a system that caters for all human
emotional development and does not restrict individual freedom,
where that freedom does not interfere with the freedom of others'
The motif of Communism is 'From each according to his ability, to
each according to his need,' which is an ideal that is totally
impracticable because the quality for its practical application does
not exist naturally and inseparably in human nature, and to impose the
ideology of Communism on people by way of fear is wrong. In fact the
closest we have come to the ideology of Communism is within the
Capitalist society in monasteries and convents. When we refer to
Communist countries we are really referring to Socialism which is only
a step towards Communism. The motif of Socialism is 'From each
according to his ability, to each according to his work.' This is also
a motif that suits Capitalism with a slight modification. The
Capitalist ideal motif might be, 'From each according to ones ability,
to each according to ones work and ones investments.' Socialism and
Capitalism part company at the point where wealth is accumulated. The
Socialists maintain all wealth belongs to the community, and the
Capitalists maintain that it is the right of the individual to
accumulate wealth. They are in fact both right, since:
'Any wealth generated by the community should be
collected by the community, and any wealth generated by an
individual should be that individuals to keep, exclusive of any
taxes or other claims on that income.'
The concept of Capitalism is private ownership, of the means of
production, distribution and exchange, including the private ownership
of all the Earth's natural resources. This tends to foster the greedy
and selfish side of our nature causing the weak, the defenseless and
the meek to suffer. While on the other hand the concept of Socialism
is state ownership of the means of production, distribution and
exchange, and ownership of all natural resources. This tends to
inhibit the full potential of our humanness and deprives one of the
motivation to achieve financial success.
The two basic systems we call Communism and Capitalism, are the
attempts we have made, in an effort to manage, in a fair and just
manner our World community. While the practical application of these
two systems have fallen short of our expectations they are
nevertheless a credit to our constant and restless struggle to find a
better way. The alternative, Globalism, is a better way.
'Globalism is a system that caters for both the needs of
the individual and the needs of the community.'
'Globalism is the public ownership of all the Earth's natural
resources and community monopolies and the private ownership of the
means of production, distribution and exchange'
In the over-populated poor countries of the world there is far more
labour available than can be mobilised by the present Capitalist and
Communist economic systems. Even in the rich countries there is
unemployment and due to the high cost of labour, business enterprise
is slowly replacing the need for labour, by embracing automation and
computerisation. So both the poor and the rich countries are facing
the same problem. That problem is not unemployment but non-employment.
Within the framework of the present economic systems there is no
solution to the problems that face us. The solution to most of the
economic ills of both Communist and Capitalist societies lies in (1)
replacing taxation with Site Rent Revenue and Natural Resources
Revenue, (2) changing the base of the monetary system and (3) adopting
a 100% reserve ratio for the banking system.
Globalism's new monetary system will cause the stupendous potential
of human enterprise and labour to be released. It is the solution to
the present international and national money crisis. The new monetary
system when implemented, will provide the world with stable value
Hopefully after reading this book you will understand the
significance of Site Value as a base for a new monetary system and for
a new world political economic order. If this book achieves nothing
else other than to communicate this one idea, it will have served its
purpose, because by implementing this one idea alone, the real and
genuine value of money can be caused to remain stable and bring an end
You Arrive in the Future
This book is about a society that could and hopefully will be
established on Earth, and the best way for you to understand and feel
what it would be like, is for you to visit it. This is not as
impossible as you may think. You can visit it with your imagination.
It is a world that is somewhere in the future. A world where people
believe that mankind should share equally and fairly all the Earth's
natural resources and everyone should benefit exclusively from their
own labour, without having to pay taxes of any kind.
When you arrive in the future you will not be very much older than
you are now because at a point in time you fall into a coma as the
result of an illness, and medical science cannot cure you, but your
doctors are able to slow down your body functions so that your rate of
ageing is reduced to almost a standstill. As the years pass you by,
you seem to grow slightly younger. This is due to the fact that
because you are unconscious, you experience absolutely no tension,
anxiety nor worry to age you.
With the advances of medical science a procedure to revive you is
discovered. Realising what a traumatic experience it will be for you
waking up many years in the future, arrangements have been made for
you to be helped to readjust by someone who will understand your needs
You have a private room in a hospital on the 4th floor overlooking a
large park. You are lying in bed and there is nothing noticeable about
you to indicate that you have undergone a minor operation to revive
Although it is a bright and early spring morning, only a little
amount of light has been let into the room so that when you awake from
the effects of the general anesthetic, the sudden bright light will
not disturb you.
You start to gain consciousness. The operation has been a success.
Your eyes are closed, and the first sensation that registers on your
newly awakened mind is the feeling of the warm bed about you. As you
stretch your limbs, you become aware of soft music. You open your eyes
and stare at the ceiling. You are waking up after being asleep for
many years, but you are completely unaware of this fact. You lie there
staring at the ceiling, and listening to the music for several
minutes. As your mind starts to unlock and awareness comes flooding
in, you try to sit up, but fall back onto the pillow. Your heart is
pounding fast. You start to wonder where on Earth you are, and its
then you realise you are not alone in the room. To your right you can
see out of the corner of your eye a man sitting quietly by your
bedside, you turn your head towards him. He touches your hand gently
and reassuringly, and says quite simply, "Hi, how are you
Questions start to flood your mind and you become confused. You don't
"I'm Michael," he says, and after a momentary pause
continues, "You've been asleep for a long time.'
You wonder about the meaning of his words. "How long?" you
He does not answer, instead he asks, "Do you remember being ill?"
You think for a moment and reply, "No, where am I?"
"You are in hospital, and you have been here for a very long
time." He is preparing you for the shock you will feel when he
tells you just how long it has been.
"How long is, a very long time?" you persist.
He tells you, and you become confused and your mind spins. You think
it cannot be true. Michael continues to quietly and gently explain
what happened to you. He goes on to explain that he will be helping
you to understand the society that you will now be living in, and will
be helping you to adjust to your new life.
He tells you the first thing for you to do is to regain your
strength, for although you were given daily physiotherapy treatment
during your coma, you are still very weak. Michael explains that
during the next few days as you regain your strength you are going to
learn about a totally new society, and that the changes he will be
making you aware of, are not so much technological changes but will be
about changes to the very structure of mankind's society.
"I have to leave now," says Michael, "But I will be
back again tomorrow and in the meanwhile I want you to view these
video discs, they will give you some idea about our new society."
Michael shows you how to operate the video disc equipment and then
For the rest of the day, you are glued to the video screen. You find
it difficult to understand and comprehend the changes that have
The most significant thing that has been achieved is that poverty has
been eradicated, world wide, and everyone now has the right to receive
an income called Natural Income. It is going to take you some time to
grasp the full significance of Natural Income and its implications on
It becomes very clear to you that the key to the near perfect society
you find yourself confronted with, is the method in which wealth is
produced and distributed. Because everyone acknowledges and accepts
the idea of natural wealth that is caused by the existence of natural
resources, the disabled and handicapped have the right to receive a
Natural Income and do not have to depend entirely on charity or social
welfare for their existence; mothers and housewives receive a Natural
Income; criminals are not kept in penal institutions at the expense of
the state, their Natural Income is used to pay for their keep. Workers
do not have to work under undesirable conditions; employers are not
forced to pay rates of wages beyond the worth of the job to the
In so many situations where machines had replaced humans, the process
has been reversed, because society has realised that people need
people contact. The original introduction of computerised automation
in many areas had tended to dehumanise the human race, in the name of
improved efficiency and productivity.
The few technological changes you notice are impressive. It has
finally been realised that electricity is the by far the best
distribution medium of energy, and the supply of electricity is
unlimited. Electricity is provided by the power released by nuclear
fusion reactors, that are absolutely safe and clean. The fuel,
deuterium and tritium, for the reactors being harvested from the
Many deserts have been reclaimed and are used to grow a variety of
grains using the centre pivot irrigation system. The whole Earth has
become a beautiful garden and food is grown in abundance.
After viewing the video tapes all afternoon and evening, you finally
fall asleep, mentally exhausted.
The Basis of Globalism
The next morning Michael arrives bright and early.
"Hi, how are you feeling?" he asks.
"Great." you reply.
Michael smiles and says, "I think you are going to fit into our
society really well. I'm sure you have many questions."
"That," you exclaim, "is a big understatement."
Michael laughs, "Well," he says, "What's your first
"The first and most obvious question is, where does all the
money come from to do all the things you have done and are doing?"
"Rather than answer that question directly, let me briefly
explain the structure of our economy, or in other words how we produce
and distribute wealth. Once you understand that, you will find it will
answer many of your other questions. Our society is based on the
philosophy of Globalism. The very name of our ideology explains
itself, Globalism is a system for the management of society on a
Global basis. Globalism evolved by combining the good and practical
ideas from the system of Capitalism and ideology of Communism. We
believe that the foundation of a good and just society is one that is
organised on the assumption that anything not made by mankind should
be shared equally and fairly by everyone, and anything produced by
mankind, then the producer has the right to keep all the income
gained, and the community has no claim on any part of that income. The
very essence of Globalism is expressed by our tenet:
'Let mankind share equally and fairly, the Earth's
natural wealth, and let everyone benefit exclusively from their own
This tenet realised the good ideas of both Capitalism and Communism,
and discarded the bad. It was also the catalyst for the inevitable and
peaceful economic union of Capitalism and Communism.
The system of Capitalism causes the development of the selfish side
of human nature to be encouraged, while on the other hand the
intention of Communism is to encourage the development of the
unselfish side of human nature. But human nature being what it is
makes the Capitalist system undesirable and the Communist ideology an
impossible goal. To force or persuade the majority of people by way of
fear to adopt either of these systems is totally unrealistic, because
of the very fact we are individual human beings, each and everyone is
a unique creation of mind and body. We are not the masses.
'We each have a need and a right to satisfy our
individual desires through freedom of thought and action providing
it does not interfere with the freedom of others nor deprive others
of their fair and equal share of Earth's natural wealth.'
So in harmony with our tenet everyone receives what we call a Natural
Income and no one pays income tax."
"If no one pays income tax how are you able to pay everyone a
Natural Income and provide community services and facilities?"
"Please don't rush me. It's important you learn about our
philosophy first. The idea, that what is provided by nature should be
shared equally and fairly by the community, is not new, and this fact
is by far the most important key to our Globalist philosophy.
The reason Globalism is so successful is that it uses the intangible
value of land or more precisely sites, as the criterion for the value
of money and for regulating the money supply, and so I want you to
clearly understand the difference between the meaning of land and
There are many things on Earth that no-one can take credit for. They
are, the land, the oceans and seas, the rain, the sunshine, rivers,
meadows and mountains. All of these things man did not, does not, and
cannot make and are called land in economists terms. Whereas a site is
an area of the Earth's surface at a fixed location with a clearly
We believe since no man made the land nor any other natural resource,
no man has the right to own exclusively any part of the land or other
natural resource, but he can occupy a site. The land and all other
natural resources belong to everyone on Earth. Certainly everyone has
the right to the exclusive use of land and resources providing the
user compensates the community for that exclusive use, but no
individual, nor group or nation, has the right to exclusive ownership
of any of the Earth's land or other natural resource."
"That's all very well, but without taxes where does the income
come from to provide all the community services and facilities, like
roads, water, power, drainage, schools, hospitals, security forces,
government and law enforcement?"
"I have already said, anyone requiring exclusive use of land or
other natural resource, compensates the community for the use of these
resources. In economists terms, this compensation is called the
For the exclusive use of a block of land or more precisely a site,
the rent is paid to the representatives of the community, that is, to
the government. In the case of the use of a mineral resource the
mineral is extracted by private enterprise, but under community
control, and sold to the highest bidder, and the profits from the sale
go to the community."
"You mean to say all forms of government revenue like income tax
and all other taxes, have been abolished and replaced with a rent on
land, and revenue from the sale of minerals and fossil deposits?"
"Yes, in fact all government revenue comes from what we call
Site Rent Revenue, and Natural Resources Revenue, and is of such a
magnitude we are able to provide everyone with the opportunity to
receive a small income we call Natural Income should they need it."
"Let me get this straight, you are telling me that everyone, man
woman and child has the opportunity to receive an income without
"Yes that's right."
"But surely if everyone receives a Natural Income, no-one need
work, and if no-one works no wealth can be generated by the community
to provide everyone with a Natural Income?"
"In theory that would be right, but the income is not large and
you are forgetting one very important thing."
"Human nature, it was this that caused both the Communist and
Capitalist societies to ultimately fail as independent systems.
Generally we accept the term human nature to describe the natural side
of a human being including the negative emotions of envy, jealousy,
anger, and greed, and reserve the term inhuman to describe the animal
qualities displayed by some human beings. It is this wonderful quality
we call human nature, that causes Globalism to work, since there are
always people who aim at, and enjoy achieving some of the better
things in life that can only be had by earning a bigger income.
Socialism forcibly suppressed these human qualities in its effort to
achieve the Communist ideology and Capitalism exploited these
qualities to the detriment of the meek. but Globalism harnesses these
human qualities for the betterment of mankind."
"I think I understand. Glabolism is like the practise and
discipline of the martial arts. The principle being to use your
opponents effort to your advantage."
"That's right, except the example you have used, only explains
how, Globalism accommodates the undesirable human quality of greed to
benefit the community. There are many desirable qualities in human
nature that causes community wealth to be produced as a by-product of
an individuals pursuit of personal wealth. There is nothing wrong in
accumulating great wealth and in fact we encourage it because as the
rich get richer Natural Income increases, so we all benefit. It's very
true that having lots of money will not necessarily make you happy,
but its nice to be able to afford the things in life you think you
When Globalism was first proclaimed many wealthy people did not
understand it and feared that if the community accepted it as
society's economic system, their wealth would be eroded. But their
fears were quickly dispelled, for when they understood the philosophy
of Globalism they realised not only would they retain their wealth,
they would have the opportunity to achieve super-wealth since there
would be no income tax nor any other restriction to prevent them from
accumulating immense wealth. Once Globalism gained the support of the
rich, it was not long before a world peace was achieved and poverty
eradicated. This was only the start, for since that time undreamed of
wealth for the whole world has been produced."
"What you have described so far sounds as though you have
created a Utopia."
"Not quite. Utopia is an imaginary place of perfect moral and
social conditions. With our human qualities and emotions Utopia will
remain a visionary plan for a perfect system of living, Globalism is a
The development of Globalism
"You've explained what the basic philosophy of Globalism is, and
I think your tenet embraces the essence of it but what caused its
"There were many factors. The world as you are aware, was a
divided world. On the one hand there was the Capitalist system and on
the other the Communist ideology. Both were reaching a point of
self-destruction. The capitalists' money system was crumbling, and the
Socialists' totalitarian governments in their desperate pursuit of the
Communist ideology, had restricted individual freedom to the extent
that the better qualities in human nature was being cruelly
The end for the Capitalist system came when the International
Monetary Fund sold its gold in its attempt to sever gold as a formal
base for international currency reserves. What everyone failed to
realise at the time was that without a fundamental base for the
concept of money, the structure of the free world economy would
collapse. In removing gold as a base, a weak base admittedly, but a
base nonetheless, they set into motion the mechanism for the total
collapse of the free world's economic structure.
Governments of nations throughout the world failed to contain
inflation and as confidence in the stability of money failed, the
money system moved from crisis to crisis. Economists realised what was
needed was a new and absolutely sound fundamental base for the concept
of money. They had created an international credit system called
Special Drawing Rights and originally agreed that it be linked with
gold, but later the International Monetary Fund sold all its gold, and
without a base, money is meaningless. You see, the value of money only
has meaning in relation to something else.
We all have different concepts of the value of money. A labourer
might place value on money in terms of his hours of physical effort to
earn money. On the other hand an entrepreneur with large capital
assets values money as a tool to be used to gain more money, and we
all have different ideas of the purchasing value of money depending on
how much we have and on our tastes and desires. There are as many
values of money as there are people on the Earth and the actual value
of money is the average of everyone's idea of the value of money, when
compared with something else, that we all understand, for example
"But you said the International Monetary Fund discontinued using
"That's right, and in failing to replace gold with some other
standard commodity they caused the management of money to become
totally uncontrollable. To control anything you must be able to
measure it, and to measure anything you must have a practical standard
of measurement. Gold was an official standard of measurement for the
value of money until the International Monetary Fund sold its gold."
"But surely in selling its gold in an effort to sever gold as an
official base for international transactions, the International
Monetary Fund caused gold to become an unofficial money in its own
"You are quite right. In fact gold steadily increased in value.
As people came to realise how unstable their own national currency
was, due to government medaling, they turned to gold and naturally as
the demand for gold increased so did its price. The oil producers were
some of the first to realise what was happening. Their income from
their crude oil sales was so huge they found it increasingly difficult
to invest their surplus wealth and realising all national currencies
were diseased with inflation they used their enormous surplus wealth
to buy gold and land.
Globalists realised that by default gold would once again become the
basic medium for the exchange of wealth, and as such is undesirable,
because it can be manipulated in terms of supply and demand, causing
its value to fluctuate. We knew the answer was to get rid of gold as a
money base and to divorce the money system from the control of
governments. To do this needed a new standard to measure the value of
money and control its supply and one that everyone could understand.
The standard was provided through the practical application of the
Globalist tenet, namely the value of sites.
All activities that a community engages in whether it is industry,
retailing, wholesaling, farming, transport, entertainment, sport or
whatever, increases community wealth and is directly reflected by the
increased value of land, that is sites. By using the value of sites as
a base for both, the standard of value of money and its supply, it
provides the community with an indestructible base. Its a base that
cannot be hidden nor moved. It cannot be increased in quantity, and
yet its quality can be improved in terms of value, and it can also be
used for other purposes, but still remains a money base.
Bullion gold on the other hand could not be used for other purposes,
and was hidden at great expense to the community in vaults after being
dug out of the ground at great expense and refined. Our Globalist
community proudly displays its wealth by developing city, urban, and
rural sites, and in doing so it increases the value of sites, which in
turn constantly supplies more money, increasing the total volume of
If you consider the whole Earth's surface both land and sea as being
one large site, but divided up into many smaller sites then it can be
considered finite. This is the main advantage over gold, since it can
be neither increased in quantity nor decreased. Whereas the volume of
refined gold is constantly being increased due to mining activities.
Also the quality of a site is readily discernable by anyone, but only
specialists can determine the quality of refined gold.
You will find as you start to understand how we are able to use the
value of sites for the base of our money system you will appreciate
all its advantages."
"I already appreciate that its prime advantage over gold is it
is a fixed quantity, since the sum of all sites must equal the total
surface of the Earth, both land and sea, at all times. How wonderfully
"Its simplicity is the key reason why our Globalist system of
site value was so quickly adopted to replace the defunct gold exchange
standard as a base for money. By simply keeping a register of the site
value, of all the world's sites we are able to maintain an
indestructible foundation for our money system and it provides us with
a stable measure to control the value of money and its supply.
During the introduction of site value as a base to money, a spin off
was that it encouraged everyone to work towards peace because in times
of war sites and real estate cannot be moved. So it is to everyone's
advantage to protect their vested interest by avoiding armed conflict."
How Globalism was Implemented
"Its strange, but what we seem to keep talking about is money.
Surely money is not the key to peace?"
"No its not. The key to peace is to find a better and fairer way
of producing and distributing wealth."
"I think I understand. What you mean is that the structure of
your Globalist society is not political nor religious, but is economic
"How did Globalism evolve from the world of Communism and
"One of our catch phases is, 'Globalism is peaceful evolution,
not bloody revolution.'
We believe that the greatest human achievements of mankind are those
gained by non-initiation of violence or aggression. There has been no
time in recorded history where societies established by aggression or
suppression has sustained the test of time. Only truths authenticated
by science and beliefs based on caring for our fellow man, have
sustained the test of time.
Globalism was superimposed on the existing societies of Capitalism
and Communism. There was a fade out of Capitalism and Communism and a
fade in of Globalism over a one hundred year period."
"One hundred years! That's along time."
"Yes it is, but it was very necessary. The idea of having the
introduction of Globalism extend over a period of one hundred years
was three fold. Firstly it gave the society, time to change gradually.
Secondly it gave all the existing commitments of Communism and
Capitalism time to phase out, and for site values to change slowly so
as not to disrupt the new money system based on site values. And
thirdly but probably the most important it provided everyone, the
whole world over, with a clear and positive long term goal. For the
Communists the Globalist plan for world peace replaced their goal of
world domination, and for the Capitalists the Globalist plan provided
them with a common purpose that had been absent in their society with
the decline of religious influence. Neither the Capitalist nor the
Communist systems could provide a plan of such depth and magnitude nor
equal its promises. The Globalist plan filled an emptiness in the
lives of many people and gave them a magnificent and common purpose."
"It all seems much too simple."
"But that's the whole point, Globalist philosophy is that living
should be kept uncomplicated so that everyone can enjoy it, and live
"Where did the new money system fit in?"
"The change to the new money system based on site values
happened very quickly because it is an independent facet of the
Globalist philosophy. A company was formed called "GER."
"Global Exchange Reserve. GER united the efforts of all people
who were striving for world peace. Before GER, the course of the
world's history had been changed through religious beliefs, and at
other times through the political ambitions of people using armed
force to achieve their objectives. With the establishment of GER it
was the business communities turn to change the course of history.
Global Exchange Reserve is a non profit making business and provides
the world with a stable account currency monetary system. GER currency
exists in bank account form only and its value, supply and volume is
directly proportional to the aggregate of site values. Its unit value
is a GER dollar. There is no GER currency in cash form. Each country
issues cash in its own currency, and its currency is in competition
with GER currency. Citizens and businesses have the choice of which
currency they want to use to settle a transaction for the supply of a
good or service. Both are legal tender, however if there is a dispute
about the currency to be used to complete a transaction, then its the
sellers right to nominate the currency to be used. By both GER
currency and domestic currency being legal tender keeps national
governments honest regarding the value of their currency. It's not in
their interest to allow their currency to inflate or deflate against
the GER dollar. All governments maintain their own currency at par
value with GER account currency."
"When GER was first formed didn't the Capitalists oppose its
efforts to establish a global currency?"
"On the contrary, the Capitalists were quick to recognise the
advantages of a monetary system based on site values, and it took a
lot of effort on the part of GER to maintain the integrity of GER
currency, because naturally each government wanted its own site money
system. But this was the very reason GER was formed, to persuade
governments not to meddle with the value of money. With the
establishment of Global Exchange Reserve it meant that everyone that
invested in GER had a direct influence as a shareholder on the
stability and value of their own money.
The Communist countries had to fall in line with the new money
system, since their system of society could not accommodate site
values, although they were in a far better position than the
Capitalists to implement Site Rent Revenue because the state already
owned all sites, and could easily and quickly switch to the Globalist
To trade with the Capitalist countries the Communists had to either
build up a reserve of GER dollars by selling products to the
Capitalist countries, or enter into bilateral trade agreements using
GER dollars as a unit of account."
"So the site money system was introduced independent of the
hundred year plan?"
"That's right. The value of GER currency and its volume is
directly proportional to the aggregate value of sites. The idea of the
hundred year plan was purely to maintain the integrity of GER
currency. Once the government of a country, on behalf of the people,
adopted the plan, it introduced a land value tax called a 'site rate'
and increased the percentage of the rate of revenue of the site value
progressively at the rate of one percent per year and at the same time
slowly reduced all other forms of taxation, until all community
revenue came from collecting the economic rent of land and resources."
"But I understood you to say earlier that all revenue was from
site rents not site rates?"
"Site Rent Revenue is synonymous with Site Rate Revenue since at
the conclusion of the hundred year plan, both Site Rent value and Site
Rate value was equal to one hundred percent of Site Valuation,
throughout the world."
"How did the change to revenue from resources occur?"
"At the time the hundred year plan was adopted by a government
all existing contracts were allowed to be fulfilled, after which time,
the community aquired ownership of the resource. We call it
Globalising. National Globalist governments remained autonomous and
still do, but are all committed to the Globalist ideology of a united
and peaceful world based on the Globalist tenet. The integration of
Globalist countries is based on freedom of movement of people and
money, and free trade. Once people, no matter where they are born, are
given equal freedom and equal opportunity, they are reluctant to move
from their place of birth. However they do like to travel and
experience the culture of other countries.
Since Globalism is a middle of the road ideology it was only a matter
of time before all nations adopted the hundred year plan. It provided
both the Communists and Capitalists with a compromise. While neither
could accept each others system of society they both found Globalism
an attractive and reasonable alternative for the management of
mankind's economic affairs.
The conclusion of the plan saw all the people of the world living in
harmony with each other and the fulfillment of everyone's desire of a
peace on Earth and an end to poverty and war."
The GER Prospectus
I've got a few things to attend to so you can read it while I'm away."
Michael hands you the prospectus and points out its an original, and
asks you to take care of it. You notice the printing is faded and the
pages have yellowed with age, but the title is still bold.
Global Exchange Reserve
Michael leaves the room and you settle down to read the prospectus.
You begin reading.
Global Exchange Reserve (GER) is a unique concept for the supply of
money, the control of its volume, and for keeping its value stable.
GER's main objective is to provide the world with a stable value
currency by using in place of the defunct gold exchange standard, the
value of land as a currency base. GER is the beginning of the
realisation of a dream that many people have of a peace on Earth and
an end to poverty and war.
One of the major problems facing all nations of the world is
inflation. To understand the root cause of inflation we have to
understand what money really is. Money fulfils three main functions in
our daily lives. It provides us with a medium of exchange a store of
wealth and a unit of account. For the majority of people money means
cash, both coins and notes. But this is only one form of money. In its
broadest sense the meaning of the word money is anything we are
willing to accept as payment in exchange for goods and services.
Money can be divided into three main types.
1. Commodity Money
2. Token Money
3. Account Money
Commodity money is money that has a utility value or in other words
the money itself is useful for other purposes such as money made from
precious metals like silver and gold. Token money, the coins and notes
we use every day, has little or no other use, because the material it
is made of has no great value of itself. Account money is a very
abstract form of money since it is simply a number in a bank account
stating a quantity of things called dollars and cents etc.
What are dollars and cents? They are certainly not the coins and
notes we use every day, because as shown above, these only represent
dollars and cents. Dollars and cents are in fact an intangible concept
of mans' mind to help us bring about some order in our daily lives.
Many countries have different names for this concept, for example in
the US its dollar; in Japan its Yen; in Germany its Mark; in France
its Franc; in England its Pound, in Italy its Lire; in Sweden its
Kroner, and so on, but its all the same thing.
So how can we cause this thing called Dollar, Yen, Mark etc., to have
a stable value? In the past, attempts have been made to arbitrarily
give it a set value. One of the most successful was when it was given
a value in terms of gold and we call this period the full gold
standard. For nearly a whole century from 1816 to 1914, anyone in
England could present a bank note at the Bank of England and demand
gold sovereigns or half sovereigns in exchange. Gold coins, sovereigns
and half sovereigns, were standard money and in everyday circulation.
Gold bullion could be freely bought and sold, and imported and
exported. Persons taking gold bullion to the Bank of England could
have it coined free, and the Bank of England was required to buy any
gold offered it at the price of three pound seventeen shillings nine
pence stirling per troy ounce, ie. gold eleven twelths or 22 carat
fine, and sell it at three pound seventeen shillings and ten pence
halfpenny. At this price the 123.27447 grains of standard gold in a
sovereign were worth exactly one pound.
The full gold standard was discontinued in 1914 at the start of the
First World War and since that time we have moved progressively into
managed economies and deeper and deeper into inflation. So what has
gone wrong? If you listen to economists you will realise there seems
to be no end to the reasons why we have incessant inflation. The
answer is simply the existing economic systems do not and cannot work.
Economics is the study of the production and distribution of wealth
of which the dollar, yen, mark, pound, franc, etc are the units for
measuring wealth. Within the existing economic systems these units are
being manipulated by government economists . They are on the whole
doing the best they can with the tools they have, but there is a
The better way is a very simple idea but it can be difficult to
understand. The idea is that we let all the people of the world,
presently about six billion, control the unit value of money. This is
not as impossible, as it may seem. To do it we must compare the unit
value of money with a resource that everyone uses and is therefore
familiar with, and it must be a resource that cannot be manipulated.
There is only one practical resource that suits our need, and that's
land. Everyone, even a child, knows what land is. We eat, sleep, work,
travel and play on land. It is a resource that is a constant and known
The Global Exchange Reserve company utilises land and property values
to supply a stable value currency. GER purchases land and property
using domestic currency, then issues its own currency, i.e. Global
Exchange Reserve dollars. Each GER dollar is like a mini title to a
portion of the value of all GER real estate and retains a stable
The advantage of holding GER currency in place of domestic currency
is that your GER dollars remain at a stable value and do not lose
value like domestic currency.
All GER currency is kept in account form, and is moved from account
to account via cheques or electronic funds transfer.
Summarising, by using Global Exchange Reserve dollars you will:
1. Protect the value of your most liquid asset, namely money.
2. Help the world obtain a truly international currency free of
3. Actively support a world wide movement for world peace.
The Global Exchange Reserve Company
The whole concept of Global Exchange Reserve was born out of a belief
that for the first time in the history of mankind a world peace is
within our grasp.
After reading the prospectus several times you impatiently await
Michael knocks and enters your room. "Hi, have you read the
"Yes, several times. I imagine at the time it was published most
people had difficulty understanding it."
"Yes you are so right." Michael replies as he settles
himself down in the chair next to your bed.
"Initially the growth of Global Exchange Reserve was slow, but
once the idea was understood by a few it gained momentum very quickly,
and when critical mass was reached in terms of the acceptance of the
GER currency, it grew exponentially.
In the beginning it was realised that it was going to need more than
a prospectus to explain the concept of GER and the full implications
of Globalism, so a fiction book was written set in the future
explaining the basic ideology of Globalism and how GER was to be the
instrument for the implementation of Globalism. The book caught the
imagination of many people from all walks of life. Here was an idea
that promised a realistic and a desirable alternative to the
Capitalist system and the ideology of Communism. It was an
alternative, that would not only provide the world with a stable
currency but also the means to achieving a world peace. The idea is so
simple and yet the understanding of it is so difficult for most
"I can understand their difficulty, but the way you've explained
it, it seems logical that everyone should share the benefits and
wealth of all the land and natural resources of Earth."
"This is because you have an insight to the total picture of
Globalist ideology. Don't forget, the prospectus , which is entirely
orientated towards the business aspect of a stable currency, was
presented to a general public that had no understanding of Globalism.
There were a few people who understood what GER was trying to achieve,
and they were the first to invest in the Global Exchange Reserve
company. The first GER accounts were opened by these few people more
as a gesture of goodwill rather than for serious business activity
because they realised, that not until great numbers of people
understood and supported the goal of Globalism would GER dollars be
accepted by everyone.
It was only by opening many GER accounts by people who believed in
Globalism that others were going to be convinced that GER was the
right direction for the solution of the world's monetary crisis.
Anyway they had nothing to lose by purchasing GER dollars because
every GER dollar was guaranteed its worth in real estate owned by the
Global Exchange Reserve company. Real estate is the collateral for
every GER dollar issued by GER."
"If I buy a GER dollar, exactly what is it I am buying?"
"As it says in the prospectus, you would be buying a mini title
to a portion of the value of all the real estate owned by Global
"What happens in the case where the value of a property falls?"
"This of course is possible, but the majority of properties
increase in value and more than compensate for those that fall in
value. Also the buying policy of GER insures that only real estate
that will increase in value is purchased."
"How can GER guarantee that?"
"Simply by only buying real estate where population is sure to
increase. Since its a simple fact of any market that if you increase
the demand you increase the price providing the supply is not
"But while deserts exist the supply of land is unlimited, so how
does its price increase?"
"The amount of land in city centres cannot be increased, and the
bigger the population of a city the higher the value the land in the
center becomes, and likewise the land surrounding it. As the land in
the centre becomes the object of greater and greater demand so its
value increases, and in turn it sends ripples of increasing values
right out to the land on the edge of urban settlement. This is why
sites left vacant in the centre of a city should be looked upon as an
act of gross human negligence. By withholding land from use in the
center of a city and in the suburbs it forces the price of land up and
also causes people to go further out in search of available land. The
owners of vacant sites not in use or used only as street level car
parks are not in anyway contributing to the increasing wealth of the
community, in fact they are restraining it, and yet they gain all the
benefits when they finally sell the land at a price many times greater
than what it originally cost them."
"I have never thought of it that way. I realise now even vacant
sites being used as car parks restrict the production of wealth,
because multistory building could be erected and return an income to
the community in the form of rates and rent many times greater than
what a few parking fees return."
"Why did GER buy both land and property? I thought the idea of
Globalism was that only sites was to be monetarised."
"Good question, and it is only sites that is monetarised by GER
now, but in the beginning it was natural that many people were dubious
about the idea of having land as the collateral to guarantee the worth
of currency, because as many people correctly pointed out if GER owned
the land but not the buildings on it, the land in a sense would be
worthless because it could not be easily sold. Ultimately it did not
matter who owned the land or the buildings, once all the sites
throughout the world had been monetarised by a single internationally
recognised and accredited autonomous body, that is, Global Exchange
Reserve. But in the beginning it was necessary for GER to have control
of the buildings occupying its sites to assure people, that if
necessary a site could be sold including the improvements. As people's
confidence grew in the system GER relinquished its control over
buildings occupying its sites and concentrated on monetarising site
values throughout the world.
GER is now a none profit making company. It is an autonomous body and
its charter is to provide the world with a stable value currency in
perpetuity. Its function is to maintain the money supply and volume of
money, and to manage all GER account activity. That is, it simply
keeps a record of all movements of GER currency between the GER
accounts. It pays no interest on accounts, neither does it give credit
or make loans. GER is now strictly and simply a steward of the world's
money system, but in the beginning it had to be a profit making
venture to attract investment."
"Would you explain more clearly what money really is?"
"Few people understand what money really is, and as I've
mentioned before, I am not merely referring to cash and account money.
I am talking about the monetary aspect of all wealth, both goods and
services, and intangibles like site values. We endeavour to give all
high school children an understanding of the concept of money, by
helping them to see beyond coins and notes.
We start by showing students the relationship between labour and the
production of wealth. All people in the act of spending money, and in
particular, housewives, are working. That is they are playing their
part in the production of wealth. They help to make the whole
community more wealthy. I mention housewives particularly, because
although they are not paid a wage for this work they are fulfilling
the exact same function that a buyer fulfills in a large company. In
our society the natural income paid to a housewife is a housewives
remuneration for playing her part in the production of wealth.
Money in a literal sense can neither work nor be idle. It is a tool
to be used and as it explains in the GER prospectus it is has three
1. It's a medium of exchange.
2. It's a store of wealth.
3. It's a unit of account.
It is people motivated by their needs, wants and desires, who work.
Money is a convenient and practical idea that helps us achieve
whatever it is we think we need, want or desire."
"How does money come into being in the first place?"
The fact that currency has to be created, is the crux of the money
Imagine that all currency is in the form of bank notes and that there
is no bank account currency. Now imagine a community of only ten
people. As the number of people in the community increases, it will
become obvious that more currency is needed, and so the government
prints more bank notes and spends them. But the problem is how much
should the increase be. If the government prints too many extra bank
notes without an equivalent increase in community wealth then the
effect will be to cause the banknotes already in circulation to lose
On the other hand if it does not print enough then the opposite will
occur and the banknotes in circulation will increase in value because
of the demand for money. In the past there was little regard by
governments for the control of this increase, and they simply
accommodated it via deficit budgeting, but usually created a deficit
many times greater than what could be accommodated by the increase in
"But what should the actual increase be, and how is it measured
in the Globalist society?"
"Very easily, by simply using the increase in site values. Any
increase in community wealth is reflected in site values. As the
community's wealth increases so do site values, and is the natural way
for regulating the supply of GER currency and controlling its total
"How does the unit value of currency tie in with site values?"
"Once people understand the abstract nature of money, they are
quick to realise that there is no constant and absolute unit value of
money. The closest we can get is by causing everyone in the world to
have a fair and equal opportunity to influence the unit value of
money, and we do this by using the worlds most common and finite
resource, namely sites. It's summed up quite neatly by 'The Law of
Stable Value Currency' which states that:
'Given a free market for the supply and demand of
labour, goods and services, the unit value of a currency will remain
stable providing the supply of a currency is directly proportional
to the aggregate value of sites owned by the supplier of the
Natural Income makes it possible for us to have a totally free market
for the supply and demand of labour. The three basic ideas of
Globalism, Site Rate and Rent Revenue, Natural Income and a 100%
reserve ratio system for banking, enabled stable value currency, to be
"Because the total volume of GER currency is directly
proportional to the aggregate value of sites, we have an abundant
supply of currency, and therefore interest rates are as low as one
percent, and since inflation is non-existent, a one percent return on
a secure investment is satisfactory. Where there is risk on
investment, then naturally the rate of interest is higher."
Site Rate and Rent Revenue and Natural Resources Revenue
"Lets now look a little more closely at how Globalism's system
of revenue works."
"OK but don't spend too much time explaining the principle,
because I understand and appreciate that your community revenue is
based on the belief that the community should benefit from wealth
created by the community."
"Precisely! Simple isn't it?"
"Yes, but is its practical application as simple?"
"It couldn't be more simple. If the site is community owned then
the occupier pays an annual rent equal to the value of the site, and
if the site is owned by the occupier then the occupier pays and annual
rate equal to one hundred percent of site value."
That sounds impossible. How can anyone afford to pay a rate of one
"Remember there is no income tax to be paid, and you are
probably thinking in terms of the old site values before Globalism. If
those values still existed then most people would not be able to pay a
rate of one hundred percent even with income tax abolished. Our site
values are much lower because during the hundred year plan as Site
Rate and Rent Revenue was progressively applied at a rate of increase
of one percent per year, naturally site values decreased."
"By causing revenue to come from land, aren't you simply placing
all community revenue on the shoulders of land owners?"
"Not at all, because everyone indirectly contributes to the
payment of site rent and rate revenue, and don't forget a lot of
revenue comes from the sale of natural resources such as oil, coal
iron ore, etc. No matter what you buy, whether its food, shelter,
clothing, goods or services, a small portion of the price you pay will
be your contribution to a rent or rate paid to the community by either
a farmer, builder, manufacturer or retailer, etc."
"How are site values determined?"
"Even before Globalism, local authorities in many countries
collected revenue based on the value of property, which meant that
they had to have professional valuers. We have simply continued this
practise. You must remember that while site valuations can never be
perfect, the advantages of Site Rate and Rent Revenue far outweigh any
disadvantage. Many people would argue it's not possible to fairly and
accurately place a value on a site. Particularly those that believe
it's not in their interest to abolish income tax and replace it with
Site Rate and Rent Revenue. I agree its not possible to place an
absolute value on a site but anyone can determine a reasonable minimum
and maximum figure with only the slightest knowledge of site values in
a community. For example if you looked at any vacant city block you
could determine a reasonable maximum and minimum value, providing you
were aware of other site values in the same area. Naturally there are
some people who complain and challenge the valuer's assessment in the
hope of getting it reduced. But it is rare that any valuer's judgment
is over ruled and in the odd case where this has occurred the new
valuation has been up not down because during the time interval
between the original valuation and the revaluation site values have
"How are you able to qualify that site valuations in any
locality truly reflect their real value?"
"Its inevitable that site occupancy or site ownership is going
to change hands in all localities at some time or other. At the time a
site, including the improvements, becomes available for rent or
purchase it is put up for auction or tender. For both site occupancy
or ownership the bidding is done in the same manner. Each bid or
tender consists of two values, the first is the total value i.e., site
plus improvements, and the second the site rent or purchase value. The
seller receives the total value, as the sale price, and is able to
claim a refund of any unused rate or rent that has been previously
paid for the site. The buyer then pays to the community an annual rate
or rent in advance."
"With site rates progressively increasing towards one hundred
percent of the site value, and therefore causing site values to fall,
didn't this reduce the GER money supply?"
"No, the money supply and volume in fact grew. You are correct
in assuming that city and urban sites fell in value but the increase
in rural and wilderness site values more than compensated for the
falls. When you consider the expanse of the world's deserts and
mountain wilderness that attracted no value before Globalism, little
imagination is needed to realise that millions of people moved into
these areas with the introduction of Site Rate and Rent Revenue,
because initially sites in these areas attracted no rents at all.
Globalism released the latent potential of human enterprise and
industry that Communism and Capitalism had kept locked up. A new age
of adventure was born and with the aid of centre pivot irrigation and
atomic fusion power the deserts and wilderness has been turned into
the legendary Garden of Eden.
Site Rate and Rent Revenue is the honest peoples public revenue
system, because everyone knows with a little knowledge what the fair
and just value of a site is.
One of the most significant benefits of Site Rate and Rent Revenue is
that it favours neither the capitalist nor worker, and both can apply
their maximum effort without fear of being penalised. In return both
benefit from this effort as members of a community, where the property
values of the community is constantly increasing due to the efforts of
both capitalist and worker.
This is in contrast to the old system of revenue via income tax,
which is a form of punishment for working harder. Income tax is a
deterrent to work harder because the harder you work the greater your
punishment by having to pay even greater income tax, and what's more,
even though your personal income tax increases as your income
increases your benefits do not. With Site Rate and Rent Revenue the
harder you work the more you earn, and with your increased prosperity
you can enjoy a higher standard of living, in return for paying a
higher rate or rent.
Site Rate and Rent Revenue negated the system of double taxing
corporate profits, whereby a corporation's profits was heavily taxed
and the dividends paid was taxed yet again as part of the personal
income of shareholders in some countries.
One of the most insidious aspects of income tax is that it breeds and
cultivates dishonesty in many normally honest people by causing them
to seek ways to evade or avoid paying tax, and once the seed of deceit
is planted in a persons nature it spreads like a cancer into other
aspects of their affairs.
Taxation is also an invasion of privacy. Providing you are not in
debt or seeking a loan, what right has anyone to know about your
financial affairs? None whatsoever, income tax is a one way street,
all take and no give. Going into business for yourself is a risk and a
gamble. You should be entitled to all the rewards if you are
successful since if you fail you have to suffer all the misfortune.
Under the income tax system of revenue you are not given compensation
for failure and yet any success you achieve is taxed to the hilt. In
fact the more successful you are, the more you are penalised for being
successful, because your rate of taxation is increased. Its like I
said, taxation is all take and no give. But with the Globalist system
of Site Rate and Rent Revenue no one is penalised for working harder
and everyone benefits from increased community wealth."
Society and Natural Income
"Globalism divided people of all nations, not by their religious
or political beliefs, but by their commitment to the well-being of
their friends and neighbours, and the well-being of the whole of
mankind, by giving everyone a choice of either accepting or rejecting
the idea that land and all mineral resources and fossil deposits
belong to all mankind, both present and future.
This division was not unexpected because it was in fact a division
between selfish people and the unselfish. With the Globalist tenet as
their guiding principle individual people of every nation established
their own autonomous Globalist group and set about the task of
spreading the word about the ideology of Globalism.
The Earth witnessed the uniting of all the world's peoples as the
dream of Globalism was turned into reality with the Globalist adage
always in mind:
'Globalism is peaceful evolution not bloody revolution.'
Its as though an unseen hand scattered the seeds of peace and harmony
throughout the world. All countries, no matter what form of government
was in power, had an equal opportunity to introduce Site Rate and Rent
Revenue without a bloody revolution, and to distribute Natural Income."
"With everyone guaranteed a Natural Income didn't the average
person become lazy?"
"No, because people who depend on their Natural Income alone to
provide themselves with the bare necessities of life such as food,
shelter and clothing, are working, that is they are playing their part
in producing community wealth because the food, shelter and clothing
that they buy or rent must be produced by someone. Given a Natural
Income, even to obtain for oneself the basics for living requires
Natural Income is the catalyst for the production of immense
community wealth. It provides everyone with security throughout their
life from womb to tomb. Natural Income irradicates any feeling of
dependency on the state or others if financial misfortune happens in a
persons life. Natural Income provides the handicapped and disabled
with a self-respect. Natural Income abolishes the idea of a retirement
age. It changed so many of the concepts people had been conditioned to
accept in the Capitalist and Communist societies. Natural Income has
completely changed peoples attitudes towards employment. People work
the hours that suit them by finding employment with an employer whose
needs compliment theirs.
Natural Income helps to protect both the rights of the employee and
employer, the rights of the latter having been disregarded for so
"What do you mean?"
"Prior to Globalism some people had stood over the rights of
employers with impunity. An employer has a right to specify how
employees will occupy themselves during their hours of employment. On
the other hand the employer cannot impose unrealistic demands and
conditions with impunity on the employees, and this is made possible
because employees need not supply their labour since Natural Income
provides guaranteed financial security for everyone."
"So Natural Income protects the rights of both employee and
"That's right and it also makes it possible for people who are
above material possessions to devote all their time and energy to
whatever it is that interests them. It enables people to pursue
unselfish goals and to work full time for charitable organisations
without any need for remuneration. Natural Income enables a greater
number of people to become self employed, and it has caused quality to
return to both the production of goods and services. The craftsman can
now compete with cheap mass production because he neither has to pay
income tax nor rely solely on the profit from the sale of his product
or service for income.
With Natural Income a company that prefers a more leisurely pace of
production can compete with a pressure company because some people are
willing to work for a lower wage at a slower pace in preference to a
higher wage and faster pace.
With Natural Income there is now unlimited opportunities for the
supply of labour in maintenance, personal services and other labour
intensive industries, because when you consider that maintenance of
all goods, and supply of services is labour intensive you can
appreciate that there is no lack of employment opportunity.
In the same manner that labour moved from primary industry into
secondary industry when farming became fully mechanise, labour moved
from secondary industry, as it became automated and computerise, into
the tertiary and leisure and pleasure industries.
Natural Income encourages people to spend because Natural Income is
an assured income and is always present, and in spending it, it in
turn causes more wealth to be created. Natural Income causes community
wealth to be circulated and increased without the necessity of
sustained population growth.
Natural Income is the ultimate product of Globalism and is a base
income not a basic income.
The majority of citizens receive it to supplement their earned income
or income from investments. Every citizen has the right to claim a
Natural Income and depending upon their level of income they are paid
a full Natural Income or a pro rata amount. No citizen depends solely
on a Natural Income for their livelihood, because we have full
employment and everyone during their working life also save for their
With the introduction of Natural Income comes the realisation that
Globalism is a system that not only provides a sound economic base but
also a social and political base, and accommodates both logic and
reason, and embraces intuitive human feelings. Globalism harmonises
the social, political and economic endeavours of mankind. Globalism
provides a common base for world unity."
"It seems to me Globalism is a perfect system."
"No system can be perfect, since all things are in a constant
state of change, but I would agree it is as near to perfection that we
can ever hope to achieve."
You now have some understanding about Globalism and in the years
ahead I hope you become one of its ardent supporters."