<div dir="ltr"><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Shann Turnbull</b> <span dir="ltr"><<a href="mailto:sturnbull@mba1963.hbs.edu">sturnbull@mba1963.hbs.edu</a>></span><br>Date: Tue, Aug 29, 2017 at 4:44 PM<br>Subject: Creating stable money to avoid financial crises and reduce climate change<br>To: Michael Mainelli <<a href="mailto:michael_mainelli@zyen.com">michael_mainelli@zyen.com</a>><br><br><br><br><div style="word-wrap:break-word">Dear Michael<div><br></div><div>Many thanks for publishing my article on how to create stable money to establish a more efficient and crisis free financial system at: <a href="http://www.longfinance.net/news/long-finance-blogs/1094-should-money-have-a-stable-predicable-value.html" target="_blank">http://www.longfinance.<wbr>net/news/long-finance-blogs/<wbr>1094-should-money-have-a-<wbr>stable-predicable-value.html</a> 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.</div><div><br></div><div>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: <a href="http://www.ecologicalcitizen.net/article.php?t=vision-ecocentric-society-how-get-there" target="_blank">http://www.<wbr>ecologicalcitizen.net/article.<wbr>php?t=vision-ecocentric-<wbr>society-how-get-there<br></a>
<span style="font-size:12pt;line-height:115%;color:blue"> </span></div><div>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.</div><div><br></div><div>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 <a href="mailto:info@ifrc.org" target="_blank">info@ifrs.org</a>. 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<span style="font-family:TimesNewRomanPSMT"> in partnership with </span><span style="font-family:TimesNewRomanPSMT;color:rgb(34,34,34);background-color:rgb(255,255,255)">Gresham College, the City of London Corporation and forty financial institutions. </span><font face="TimesNewRomanPSMT"> 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.</font></div><div><br></div><div>I would be pleased to meet any interested parties in London during my visit from September 4th to 14th. </div><div><br></div><div>With my best wishes and thanks</div><div><br></div><div>Shann</div><div><br></div><div><div><blockquote type="cite"><div>Begin forwarded message:</div><br class="m_-7884350345186960684Apple-interchange-newline"><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px"><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif;color:rgba(0,0,0,1.0)"><b>From: </b></span><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif">Shann Turnbull <<a href="mailto:sturnbull@mba1963.hbs.edu" target="_blank">sturnbull@mba1963.hbs.edu</a>><br></span></div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px"><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif;color:rgba(0,0,0,1.0)"><b>Subject: </b></span><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif"><b>Determine standard units of value?</b><br></span></div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px"><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif;color:rgba(0,0,0,1.0)"><b>Date: </b></span><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif">25 August 2017 at 11:32:09 pm AEST<br></span></div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px"><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif;color:rgba(0,0,0,1.0)"><b>To: </b></span><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif">Lynn Wood <<a href="mailto:lynnwood@ozemail.com.au" target="_blank">lynnwood@ozemail.com.au</a>><br></span></div><div style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px"><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif;color:rgba(0,0,0,1.0)"><b>Cc: </b></span><span style="font-family:-webkit-system-font,Helvetica Neue,Helvetica,sans-serif"><a href="mailto:hhoogervorst@ifrs.org" target="_blank">hhoogervorst@ifrs.org</a><br></span></div><br><div><div style="word-wrap:break-word">Dear Lynn<div><br></div><div>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 “<span style="background-color:rgb(255,255,255)"><font color="#575757">long-term financial stability in the global economy” by establishing standard units of value that could:</font></span></div><div><ul><li><span style="color:rgb(87,87,87);background-color:rgb(255,255,255)">Create much greater certainty for investors, especially internationally;</span></li><li><span style="color:rgb(87,87,87);background-color:rgb(255,255,255)">Avoid and/or mitigate financial instability;</span></li><li><span style="color:rgb(87,87,87);background-color:rgb(255,255,255)">Promote trade as arises from standard of weights and measures;</span></li><li><span style="color:rgb(87,87,87);background-color:rgb(255,255,255)">Reduce and/or eliminate the need for carbon taxing or trading;</span></li><li><span style="color:rgb(87,87,87);background-color:rgb(255,255,255)">Improve the integrity and relevance of other accounting standards for international firms</span><span style="color:rgb(87,87,87);background-color:rgb(255,255,255)">?</span></li></ul></div><div>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.</div><div><br></div><div>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”.</div><div><br></div><div>Details are set out in my article: <span style="line-height:115%">‘Should
money have a stable predicable value?’ <i>Long
Finance</i>, </span><span style="color:rgb(67,67,67)">Thursday,
24 August 2017 12:49 posted at:</span><a href="http://www.longfinance.net/news/long-finance-blogs/1094-should-money-have-a-stable-predicable-value.html" style="text-align:justify" target="_blank"><span style="color:windowtext;text-decoration:none"><</span>http://www.longfinance.<wbr>net/news/long-finance-blogs/<wbr>1094-should-money-have-a-<wbr>stable-predicable-value.html</a><span style="text-align:justify">>. My article refers to my contact with members of the IASB in 2014.</span></div><p class="MsoNormal" style="margin-bottom:6.0pt;text-align:justify;line-height:normal"><u></u><u></u></p>
<div>Public feedback can be made on the webpage. For your convenience my article is also attached.</div><div></div></div></div></blockquote></div></div></div><br><div style="word-wrap:break-word"><div><div><blockquote type="cite"><div><div style="word-wrap:break-word"><div></div><div>I look forward to your feedback in due course.</div><div><br></div><div>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?</div><div><br></div><div>Best wishes</div><div><br></div><div>Shann</div><div><div><br></div><div><div>
<div style="letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="font-family:'Times New Roman';font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-variant-east-asian:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="font-family:'Times New Roman';font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-variant-east-asian:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="font-family:'Times New Roman';font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-variant-east-asian:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="font-family:'Times New Roman';font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-variant-east-asian:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="font-family:'Times New Roman';font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-variant-east-asian:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><span class="m_-3171462279569695173Apple-style-span" style="border-collapse:separate;font-variant-ligatures:normal;font-variant-east-asian:normal;line-height:normal;border-spacing:0px"><div style="word-wrap:break-word"><span class="m_-3171462279569695173Apple-style-span" style="border-collapse:separate;font-family:'Times New Roman';font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-variant-east-asian:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;border-spacing:0px"><div style="word-wrap:break-word"><span class="m_-3171462279569695173Apple-style-span" style="border-collapse:separate;font-family:'Times New Roman';font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-variant-east-asian:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;border-spacing:0px"><div style="word-wrap:break-word"><div>Shann Turnbull PhD; Principal: International Institute for Self-governance<br>PO Box 266, Woollahra, Sydney Australia, 1350<br>Ph:+612 9327 8487; Cell: +61 (0) 418 222 378<br>Skype and Google ID: shann.turnbull<br></div><div>Bibliography/CV: <a href="https://independent.academia.edu/ShannTurnbull" style="text-align:-webkit-auto" target="_blank">https://<wbr>independent.academia.edu/<wbr>ShannTurnbull</a></div></div></span></div></span></div></span></div><div style="text-align:-webkit-auto;word-wrap:break-word"><br></div></div></div></div></div></div></div></div></div></div></div></div></div></blockquote></div><br><div>
<div style="color:rgb(0,0,0);letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="color:rgb(0,0,0);letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="color:rgb(0,0,0);letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="color:rgb(0,0,0);font-family:'Times New Roman';font-style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="color:rgb(0,0,0);font-family:'Times New Roman';font-style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="color:rgb(0,0,0);font-family:'Times New Roman';font-style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="color:rgb(0,0,0);font-family:'Times New Roman';font-style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><div style="color:rgb(0,0,0);font-family:'Times New Roman';font-style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;word-wrap:break-word"><span class="m_-3171462279569695173Apple-style-span" style="border-collapse:separate;color:rgb(0,0,0);font-family:'Times New Roman';font-style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;border-spacing:0px"><div style="word-wrap:break-word"><span class="m_-3171462279569695173Apple-style-span" style="border-collapse:separate;color:rgb(0,0,0);font-family:'Times New Roman';font-style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;border-spacing:0px"><div style="word-wrap:break-word"><span class="m_-3171462279569695173Apple-style-span" style="border-collapse:separate;color:rgb(0,0,0);font-family:'Times New Roman';font-style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;line-height:normal;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;border-spacing:0px"><div style="word-wrap:break-word"><div>Shann Turnbull PhD; Principal: International Institute for Self-governance<br>PO Box 266, Woollahra, Sydney Australia, 1350<br>Ph:+612 9327 8487; Cell: +61 (0) 418 222 378<br>Skype and Google ID: shann.turnbull<br></div><div>Bibliography/CV: <a href="https://independent.academia.edu/ShannTurnbull" style="text-align:-webkit-auto" target="_blank">https://<wbr>independent.academia.edu/<wbr>ShannTurnbull</a></div></div></span></div></span></div></span></div><div style="text-align:-webkit-auto;word-wrap:break-word"><br></div></div></div></div><br class="m_-3171462279569695173Apple-interchange-newline"></div><br class="m_-3171462279569695173Apple-interchange-newline"></div><br class="m_-3171462279569695173Apple-interchange-newline"></div><br class="m_-3171462279569695173Apple-interchange-newline"></div><br class="m_-3171462279569695173Apple-interchange-newline"><br class="m_-3171462279569695173Apple-interchange-newline">
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<br></div></div><br></div><br><br clear="all"><div><br></div>-- <br><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div>Check out the Commons Transition Plan here at: <a href="http://commonstransition.org" target="_blank">http://commonstransition.org</a> </div><div><br></div>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a> - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br><br><a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank"></a>Updates: <a href="http://twitter.com/mbauwens" target="_blank">http://twitter.com/mbauwens</a>; <a href="http://www.facebook.com/mbauwens" target="_blank">http://www.facebook.com/mbauwens</a><br><br>#82 on the (En)Rich list: <a href="http://enrichlist.org/the-complete-list/" target="_blank">http://enrichlist.org/the-complete-list/</a> <br></div></div></div></div>
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