Telematic currency and market strategy (mtemuk.pdf). - Centre d ...

However, also within the market man has created a very specialized information system to understand all the
facts which take place. The elemental facts of the market are the goods exchange and the working
information system is the money system.
The idea of «money as travelling information» and of «money system as an information system» is no piece of
news, and it is currently admitted by all the branch specialists. What we can say is that it has not been studied
enough and, above all, that the theoretical and practical consequences of this theory have not been dealt with
fully taking advantage of all the possibilities.
The scope of this essay is the study of this matter according to the present way of thinking and technical
possibilities of information.
3. Money circulation today.
Money circulation -that is, circulation of news on the goods exchanges within the market- has at present two
different main aspects:
1. Circulation of bank notes from hand to hand: bank notes are bearer bonds, that is anonymous. They
do not leave any information on WHO has effected the operation. Therefore, because of their very
nature, they are absolutely uninformative.
2. Circulation of current account notations, a consequence of «cheques», which are clearing orders. This
second circulation is partially personalized, but it is not thoroughly analytic and, above all, as soon as
the person involved wants, it can become a circulation of bank notes. As a matter of fact,
notwithstanding its enormous present importance, money circulation through current accounts is
legally subsidiary and derived from the circulation of bank notes.
This is a much simplified look on the present monetary situation, which is much more complex. But it allows
to find out that to-day there is no thorough, exact and public information on the elemental facts of the
market. The visual horizon offered by the present money system is therefore rather limited and narrow, and is
well below what informatics might allow, or even better «tele-informatics or distance informatics»,
abbreviated as telematics.
4. Scope and contents of this essay.
As we have said previously, the social effects of the lack of information on the market are greatly negative at
any level: economic, political, legal, scientific... An uninformative money system not only allows all sorts of
dirty games disguised under anonymity of money, it stops the market agents from taking decisions and
preparing rational strategies and finally makes the actual, scientific understanding of the market working
difficult.
In reply to this fact, in this essay a possible and easy technological solution is submitted: the description of a
new and sole money instrument, instead of those being used at present, will be the central subject. This
suggestion is included in the formal statement of a global money theory -not new, but actually updated- and is
followed by a consideration of the many social consequences and possibilities which the new theories offer.
In the first place an analysis and consideration of the nature and functions of the money systems will be
made, both from an historical and present day point of view. The money theory which will derive from this is
the starting point to establish a new money system, more rational, more adjusted to present technological
possibilities, and fully informative.
In the second place, we will describe the new money system which has been suggested, based on what we call
telematic cheque invoice. This is a fully personalized money system, limited to one only elemental market
operation, and fully informative of its peculiarities. Its circulation as a sole legal monetary instrument will
allow to completely clear up the market, and to give the information which is so vitally needed. We will also
refer to the minimal political conditions which must be granted so that this money system becomes an actual
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