OUTER SPACE BARTER BANK
ECONOMICS – SPACE BONDS
1.
A. One Dollar of Space Money costs 50
cents.
B. 1,000 Dollars of Space Money costs
500 Dollars = Minimum.
C. 10,000 Dollars of Space Money costs
5,000 Dollars and is rewarded by 1,000 Dollars bonus of Space Money. The 5,000
is treated as a loan to the Bank. It will be evidenced by a SPACE BOND,
11 percent interest/yr, 30 yr term, maturity value is – 100,000 Dollars Space
Money. The issued 11,000 Space Money is treated as prepayment, so only 89,000
Dollars Space Money is payable thirty years hence.
2. Barter Products and Services, providers pay
a minimum of 500 Dollars for their account, and may pay 5,000 Dollars for
11,000 Dollars of Space Money, and in so doing obtain a Space Bond. The
Bank conducts business as usual;
A.
Debts are recorded as ordered.
B. Credits are recorded.
C. All accounts are computer accessible on-line.
D. Products and Services are not reported.
3. Commissions are payable to authorized and well
trained sales representatives.
A.
Referral fees are 5 percent.
B.
Authorized Commissions are 10 percent.
C.
Bonuses are negotiable on 1 Million S.M. Bonds or larger.
4. Security Law analysis by the issuer is that
the Bonds are not securities because the interest is the only profit and it is
payable in S.M. rather than in USD or other Earth money, as well as repayment
of principal.
Furthermore,
the USD cash received by the non-profit corporation is dedicated to its tax
deductible purposes. Such IRS public charities are exempt from registration by
securities laws.
If
donor care to deduct their 5,000 USD cost of the Bond, then the issuer requires
the corporate liability be converted to a NON-RECOURSE obligation, thus
reducing the value of the Bond to zero, more or less.