Ideas
Chris Cook and a Real Economy

A Flight to Simplicity ... Chris Cook makes a presentation (slides) on Barter 3.0 IRTA Convention Ocho Rios 14th September 2012

Burgess COMMENTARY

Peter Burgess

1. Barter 3.0A Flight to Simplicity Chris CookIRTA Convention Ocho Rios 14th September 2012 2. Barter 3.0 - Asset-based Credit Direct Peer to Asset investment in the use value over time of productive assets Production and/or revenue sharing between investor and user of investment for as long as the investment is used There is a return on investment in moneys worth but no money purely for the use of money Sharing of risk and reward – no default Two key classes: land/location based credit, and energy-based credit 3. Capital Partnership – Nondominium Users Payment Use Custodian Custodian % % Investors Managers 4. Capital Partnership reinvents Equity 5. Equity Shares - % age shares in flows of revenue or production03/04/10 5 6. Stock – returnable in payment for use value eg rentals, Kilowatt Hours 7. Capital Partnerships are not Organisations 03/04/10 7 8. They do not own anything, do anything,employ anyone, or contract with anyone...03/04/10 8 9. Nondominium requires no legislation Users Users Payment Custodians Custodians (National) (National) % % Financial Capital Financial Capital Human Capital (Money, IP etc) (Money, IP etc) (Developers, Operators)03/04/10 9 10. Land-based Stock – undated credits returnable in payment for occupation16/06/10 10 11. Custodian is appointed or incorporated Houses Custodian Custodian 12. Rental is agreed Occupiers Rental Custodian 13. Proportional Share allocated to Manager Occupiers Rental Custodian % Manager 14. Balance available for unitisation and sale Occupiers Rental Custodian % % Investors Managers 15. Units of rental stock are sold to Investors at a discount to the rental value 16/06/10 15 16. The discount and actual rental flow determines the rate of return16/06/10 16 17. Investors lend direct to the land – not to the owner16/06/10 17 18. Energy Pool User User Energy Custodian CustodianEnergy Energy Investor Investor Manager Manager 19. Stock - returnable in payment for energy05/04/10 19 20. Mega Watts: renewables funded by issuing stock from future production.05/04/10 20 21. Nega Watt energy savings - the cheapest energy - funded by an Energy Loan09/03/10 21 22. Energy Loans in KwH made to properties & repaid via utility bills out of energy saved09/03/10 22 23. Funded by investors through buying Units of energy stock – energy loans 09/03/10 23 24. Energy Loan of $5,00050 Units of 1 Megawatt Hour @ $100 per Unit 09/03/10 24 25. 5,000 Units of 10 Kilowatt Hours @ $1.00 per Unit...and so on09/03/10 25 26. Reduced energy bill paid to power supplier for energy consumed 09/03/10 26 27. Energy loan repaid through buying unitsof stock from the Pool at the market price09/03/10 27 28. Saving energy is saving money09/03/10 28 29. Outcome – local stock exchanges? Dollars worth of Land-based credit/stock will be acceptable in settlement of obligations within a geographic area Dollars worth of energy-based credit/stock is acceptable in settlement everywhere Possibility of community level stock (not share!) exchanges with settlement in dollars worth – not dollars The barter industry is perfectly placed to lead the transition to Market 3.0 A networked and resilient economy may be built from the ground up with no change in any law 30. Summary NewClear architecture enables extension of B2B to B2C through what present itself as a community-owned VISA 21st century forms of stock open up the possibility of community-based stock exchanges The barter industry could lead both What are you waiting for? 31. Thank You03/04/10 31