[P2P-F] Fwd: Creating stable money to avoid financial crises and reduce climate change

Tue Aug 29 18:23:10 CEST 2017

---------- Forwarded message ----------
From: Shann Turnbull <sturnbull at mba1963.hbs.edu>
Date: Tue, Aug 29, 2017 at 4:44 PM
Subject: Creating stable money to avoid financial crises and reduce climate
change
To: Michael Mainelli <michael_mainelli at zyen.com>

Dear Michael

Many thanks for publishing my article on how to create stable money to
establish a more efficient and crisis free financial system at:
http://www.longfinance.net/news/long-finance-blogs/1094-should-money-have-a-
stable-predicable-value.html I hope it can be used by those making
presentations on how to avoid another financial crisis and especially those
responsible for safeguarding the financial system.

In my message below to the International Accountant Standards Board (IASB)
I have invited their chairman Hans Hoogervorst to establish global
standards of value. This is suggested in my article to sustain the
environment and humanity on the planet in perpetuity. To achieve this
objective the units of value established for each bioregion would be
determined by how efficiently electrical power can be generated from benign
renewal resources and the degree to which they are used in relation to
non-renewable and/or non-benign sources. My vision for a sustainable
society and how to get there is posted at: http://www.
ecologicalcitizen.net/article.php?t=vision-ecocentric-society-how-get-there

A unit of value established independently of the financial system could not
be directly affected by trade, investment or financial crises. Instead,
uncertainty would be reduced to promote trade and investment on a basis
that promoted sustainable wellbeing of humanity in each bioregion. Its
adoption could reduce and/or eliminate the need for carbon taxing and/or
trading.

I am using this message to promote the proposal with parties interested in
monetary matters who may have an interest in encouraging the IASB to act
sooner rather than later. Let the IASB know with a message to info at ifrs.org
<info at ifrc.org>. For those not familiar with the “Long Finance” web page it
is an initiative of the addressee - Alderman Professor Michael Mainelli.
Michael founded Long Finance in 2005 in partnership with Gresham College,
the City of London Corporation and forty financial institutions.  The Long
Finance web page is hosted by Z/Yen, a commercial “ Think Tank” that
Michael co-founded with Ian Harris. The webpage accepts feedback to be
posted on its articles.

I would be pleased to meet any interested parties in London during my visit
from September 4th to 14th.

With my best wishes and thanks

Shann

Begin forwarded message:

*From: *Shann Turnbull <sturnbull at mba1963.hbs.edu>
*Subject: **Determine standard units of value?*
*Date: *25 August 2017 at 11:32:09 pm AEST
*To: *Lynn Wood <lynnwood at ozemail.com.au>
*Cc: *hhoogervorst at ifrs.org

Dear Lynn

As a Trustee of the IFRS Foundation might you and your other Foundation
colleagues care to encourage the IASB to more comprehensively and
meaningfully further its mission to promote “long-term financial stability
in the global economy” by establishing standard units of value that could:

   - Create much greater certainty for investors, especially
   internationally;
   - Avoid and/or mitigate financial instability;
   - Promote trade as arises from standard of weights and measures;
   - Reduce and/or eliminate the need for carbon taxing or trading;
   - Improve the integrity and relevance of other accounting standards for
   international firms?

You may recall that I initially made the suggestion for  a standard unit of
value to Hans Hoogervost in Sydney on April 10th, 2014 and to his then Vice
Chair Ian MacIntosh in London on July 2, 2014. I followed up my
conversation with both of them with an e-mail the following day with a copy
to yourself.

At that time I was advised by your IASB colleagues that establishing
standard units of value raised very challenging difficulties. However,
since that time I believe the matter has now become practical because of
the emerging ”Internet of Things”.

Details are set out in my article: ‘Should money have a stable predicable
value?’ *Long Finance*, Thursday, 24 August 2017 12:49 posted at:<
http://www.longfinance.net/news/long-finance-blogs/1094-should-money-have-a-
stable-predicable-value.html
<http://www.longfinance.net/news/long-finance-blogs/1094-should-money-have-a-stable-predicable-value.html>>.
My article refers to my contact with members of the IASB in 2014.

Public feedback can be made on the webpage. For your convenience my article
is also attached.

I look forward to your feedback in due course.

I depart for Rome next Friday and arrive in London Sept. 4th. I depart
London for Sydney via Utrecht on Sept.14 in case any of your London
colleagues may care to discuss the matter further in person?

Best wishes

Shann

Shann Turnbull PhD; Principal: International Institute for Self-governance
PO Box 266, Woollahra, Sydney Australia, 1350
Ph:+612 9327 8487; Cell: +61 (0) 418 222 378
Skype and Google ID: shann.turnbull
Bibliography/CV: https://independent.academia.edu/ShannTurnbull

Shann Turnbull PhD; Principal: International Institute for Self-governance
PO Box 266, Woollahra, Sydney Australia, 1350
Ph:+612 9327 8487; Cell: +61 (0) 418 222 378
Skype and Google ID: shann.turnbull
Bibliography/CV: https://independent.academia.edu/ShannTurnbull

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