The function of the time-energy accounting (TEA) system,
100% backed by human time and renewable energy, is to:

1. Administer a lawful citizens' currency.

2. Strengthen the liberties and responsibilities of
individual citizens and local communities.

3. Minimize the centralization of power.

4. Balance competition and cooperation in the marketplace.

5. Minimize public and private bureaucracy.

6. Maximize efficient and equitable utilization of
natural resources.

7. Eliminate the need for personal income tax.

8. Minimize the need for any taxation.

9. Minimize corporate-government racketeering.

10. Stabilize the money supply and price level.

11. Restore full-reserve banking.

12. Remove the primary cause of economic inflation,
deflation, recessions, depressions, warfare and waste
of resources.

13. Enhance life, liberty and tranquility for all.


The time-energy accounting (TEA) network issues:

1. Citizens dividends backed by human lifetime
($1 = one hour = $730 per month) plus

2. Energy dividends backed by harvested renewable energy
($1 = one kilowatt-hour).

Each time-energy dollar is valid for one year from the
month of issuance, then "self-redeems" or "extinguishes"
itself like an expiring coupon.

The sooner participants circulate or invest each
time-energy dollar, the more value the dollar has, since
it represents time-energy value for only one year (demurrage).

Savings are channeled to useful investments in renewable
energy infrastructure rather than paper money, precious
metals, uranium, oil or other "barren" (non-renewable)
commodities.

Renewable energy investments produce real dividends
(not interest) in the universal metric of kilowatt-hours
measured by ordinary energy meters.

Human lifetime is itself a natural dividend in the
universal metric of hours measured by ordinary clocks
(unless you endorse slavery).

Participants are issued citizens dividends once they are
16 or over so that parents will not be encouraged to
over-populate for money.

Who can reasonably deny that our lifetime is our most
valuable asset?

Who can reasonably deny that benign renewable energy
is the foundation of a sustainable civilization?

Among other things, renewable energy can desalinate
our oceans to produce abundant fresh water.

The issuing of time-energy dollars is performed by
elected local treasurers and their staff.

No electronic or other non-manual vote tabulation is
permitted.

Confederated / cooperative local treasuries co-audit
each other on a randomly selected basis every three months.

Time + Energy = Wealth.

Simplicity is the ultimate sophistication.


If you'd like to understand the hocus-pocus of money
creation, here are plenty of related resources:

 http://egroups.com/group/jpchance/links/Treasury_000993420879

Buckminster Fuller's macroeconomic Cosmic Costing is
particularly illuminating:

 http://people.montana.com/~calsch/CosmicCosting.htm

 http://bfi.org