International Settlement Association

The home of putting money to work for all of humanity...

People alone create money from trade...

Economists focus on valuable things such as goods and services– what’s happening to them and how they flow within a society - and ignore the money used to buy and sell them.

The numéraire is a basic standard by which value is computed. In mathematical economics it is a tradable economic entity in terms of whose price the relative prices of all other tradable are expressed. 

"Money does not affect the essential nature of a trade transaction from being, in the minds of those making it, one between real things, or to modify the motives and decisions of the parties to it. Money, that is to say, is employed, but is treated as neutral." -- (Keynes 1933: 408) 

Today we exist in a world where no monetary theory can explain the evolution of fiat-money, and hence money has become unknowable by all. Society must deepen its understanding of money, even modern money, itself.

So let's start with a definition of money as a currency within a deferred payment:
Money as a currency within a payment is viewed as[1]: “a neutral and non-speculative, liquid commodity, which passes freely from hand to hand throughout the community in final discharge of debts and full payment for commodity, being accepted equally without reference to the character or credit of the person who offers it and without the intention of the person who receives it to consume it or apply it to any other use than in turn to tender it to others in discharge of debts or payment for commodity.”

There are two key points in this definition. First, money must be an asset that signifies a part of what its holder owns, and second implying that the set of assets are accepted by the transacting parties as a currency within a deferred payment. Thus, money cannot exist as a form of debt, as no form of debt can discharge another debt. Money as a medium of exchange stands for "what" (is paid) currency is the means of payment concerns "how" (to deliver it)

Monetary reform involves a clear understanding of why free markets succeed, over those which are subject to manipulation and debasement. The global deployment and integration of the universal 'World Currency Unit' will require a complete change of socio-political and economic cultures, but properly approached it can be achieved, as the neo Keynesian macroeconomics induced liquidity trap, has no solution. 

From an economic standpoint, the introduction of the World Currency Unit, the Equity Theory of Money, and the Coin, yields immediate benefits for  humanity compared with  the existing, debt overloaded, currency regimes. The actors obstructing the World Currency Unit and Coin introduction, suffer from a lack of understanding of Catallactic theory[1] by professorial economists and the establishment’s relentless grip on bureaucratic and political power.

Within a digital world without borders, money is no longer created by government decree, but rather by surviving the test of global trade and the pressures of market forces while maintaining its value, via the Law of One Price. The establishment of a supra-nation  currency cannot be decreed by law or agreed by governments. Rather, it arises naturally as a result of choices made by a multitude of financial operators, and since one of the main qualities that those financial operators are seeking is the general acceptance of the currency by other operators, the choice tends to be made based on consensus and critical mass rather than anything more scientific or precise. 

The excellence of the World Currency Unit and its deployment via a tangible Coin, renders the determination of the monetary unit's purchasing power independent of manipulation or debasement by individual nations, political parties and supra-national corporations. The World Currency Unit is more stable than Gold itself, exceeds the functionality and comes with the same guarantee of individual privacy of the 4000 year old metallic coin

The World Currency Unit and the Local Currency Units form the basis for sound incorruptible money as capital, because no other arrangement can survive over time.

[1] UK case law Moss v Hancock [1899] 2 QB 111 contains this definition of money.