Professional Documents
Culture Documents
0
Philosophy Conference
Chris Cook, Krager 07 June 2009
Borrower
Lender
Loan
08/07/2011
Seller
Buyer
Credit
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Borrower
Banking System
Lender (Depositor)
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Bank Credit
Bank Equity
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14
Nordic Enterprise Trust works where the Internet and Markets converge
Sellers
Buyers
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Sellers
Buyers
Guarantee
Guarantee
Pool
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Sellers
Buyers
Guarantee
Guarantee
Pool
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29
Both sellers and buyers pay into a Pool for the use of the Societys Guarantee
Sellers
Fee Fee
Buyers
Guarantee
Guarantee
Pool
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Value
Sellers
Fee Fee
Buyers
Guarantee
Guarantee
Pool
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If buyers default, the Pool pays sellers, and collects from buyers
Sellers
Buyers
Pays
Collects
Pool
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A service provider sets guarantee limits, handles defaults & manages the system
Sellers
Fee Fee
Buyers
Guarantee
Pool
Guarantee
Services
Fee
Service Provider
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Now that Banks ability to create and support credit has evaporated....
Credit
Bank Equity
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34
Sellers
Guarantee
Pool
Guarantee
Services
Fee
Service Provider
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If a barter system incorporates time to pay Credit - the result is a monetary system
Since 1934 the Swiss WIR business network has cleared credit for SME businesses....
The WIR takes security over members property to protect against defaults...
Sellers
Guarantee
Pool
Guarantee
Services
Fee
Service Provider
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...and...errrr...thats it!...
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Over 46,000 UK LLPs are now in pervasive use for purposes never intended...
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...even in the Public Sector, where Glasgow has four municipal LLPs
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Hilton Group
Capital User
Consortium LLP
Capital Provider
%
Bank
%
Property Developer
%
Hotel Specialist
Capital Partnership
Users
Payment Use
Assets % Investors %
Custodian
Managers
Ownership
Assets
Custodian
Ownership
Assets
Custodian
Ownership
Assets
Financial Capital
Custodian
Investors
Ownership
Assets
Financial Capital Human Capital
Custodian
Investors
Managers
Assets % Investors %
Custodian
Managers
Assets % Investors %
Custodian
Managers
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..which may be transferred, but never redeemed, since there must always be 100%
Units have a value in exchange, but no rights to production or income over time
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...and if they wish, they can pay their rent in Equity Shares, rather than
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Co-owner Occupiers who maintain property may receive Units as Sweat Equity
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But Investors wanting to sell may not find Investors wanting to buy....?
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No Problem! Consumers will buy if the Unit price falls below the market price...
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...because they gain by buying Units and redeeming them against energy used
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...by issuing - for value now - Units that will cost nothing to redeem
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They do not own anything, do anything, employ anyone, or contract with anyone...
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They are simply frameworks for P2P investment with cross border application
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Master Partnership
% %
Custodians
(National)
Financial Capital
(Money, IP etc)
08/07/2011
Human Capital
(Developers, Operators)
103
Thank You
08/07/2011
113