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THE
CHALLENGE
An
Initiative for
a Sustainable
Future
There is a challenge
going forward, to establish a renewed occupy movement centered on Main
Street which can affect
the
trajectory of our economic future at the grassroots level
in a manner that is empowering and sustainable.
To build a new economic system with a low carbon
footprint, through a robust local economy utilizing alternative
currencies and energies.
The national money supply is subject to significant fluctuations
resulting in what is called “the business cycle” of
expansion or recession. An
economy and currency based on debt exacerbates the boom and bust
tendencies of the market by fueling lending when times are good
and decreasing lending when times are bad.
Under these conditions what is called for is a competing
but complementary currency to even out these fluctuations.
The
vagaries of the established monetary system has once again brought us to
the brink of economic collapse precipitating chronic unemployment
worse than the Great Depression and threatening the wellbeing of
our communities. The
existing monetary system, fueled by debt, drives consumerism.
There is a built in imperative to accumulate more and more
stuff, therefore it is both economically and environmentally
unsustainable.
Further, the economy’s dependence on fossil fuels incurs
cost associated with environmental degradation, which are not accounted for in the price of energy making it
difficult to move towards renewable sources that are ecologically sustainable.
Unless we find a way to speed up the transition to
alternative energy, humankind may find itself slipping towards
extinction.
So, how do we as a society take control of our economic fortunes
and our energy future on Main Street in
a way that is empowering and sustainable?
How can we change the balance of power from Wall Street
to Main Street?
A
POTENTIAL WAY FORWARD
There are essential practical
needs left wanting within nearly all communities. Meanwhile,
during this “great recession”, there exist an untapped resource of unemployed and underemployed workers who
have the time, energy, know-how and useful skills to fulfill
those needs.
There is,
however, a shortage of liquidity for fueling local commerce, with
a shortage of financial capital necessary to bring human
capital to bear on the problems of satisfying societies needs in
a local sustainable manner. Further,
there in a need for an infrastructure as a service towards facilitating a new type
of commerce that is evolving to meet the present demands of the
future.
To move things forward, it is proposed that a global complementary digital
currency be created to assist communities worldwide, so
as a global society we can accumulate capital for investing in a
shared sustainable future. VeraCoinTM is offered as a proprietary complementary currency alternative and is presented as a
means to encourage local sustainable commerce by providing a mechanism to create both
liquidity and capital formation.
TABLE
OF CONTENTS
AN
INITIATIVE TOWARD A SUSTAINABLE FUTURE
VERACOIN™ – A Global Complementary Digital Currency
BENEFITS OF VERA-CITY, VERACOIN™
&
VERASHARES
REVENUE
STREAMS - VERA-CITY, VERACOIN™
&
VERA SHARES
TOWARDS
A PURE CREDIT ECONOMY
A
COMPLEMENTARY CURRENCY PRIMER
OPEN
ENTERPRISE MODEL - A SELF REPLICATING SYSTEM
AN
OPEN LETTER TO OCCUPY WALL STREET
THE 1%
- A HISTORIC PERSPECTIVE
IN
CONCLUSION
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