Bern Central

The M Monetary System (“MMS”) may be a reinvention of the wheel. At this early stage it is premature to go there just yet. However, preliminary examination of this work does not yet illustrate any flaw, particularly any significant defect, with bernmeister’s theory. Unless a fatal defect is ultimately discovered, logic suggests his abstract theory may be rendered into a practical invention – a new international monetary system.

Copyrighted under his given birth name (Bernhard Christian Helgason), bernmeister will be fiercely protective of this as is the case with any of his other intellectual property. Only lawful exploitation of the copyright under the explicitly authorized permission of the rights holder will be allowed. The irregular difference here is that rather than exclusively sell copyrighted expressions via publication, and charge the governments of the world for any invention generated from the use of his IP, he has chosen to make review and conditional use of the material available on a sponsorship plus basis.

(The release of the material including an option where it is available to the public free of charge should not be viewed as a release from or surrender as to any aspects of its copyright. Copyright will be strictly enforced. This approach is necessary because while honest critical review of the work is encouraged with an eye towards a consensus as to academic validation, a safeguard must be available in case there is either any misrepresentation of what the author has actually said, or against anyone seeking to exploit copyright without advance permission. Also, the creator and rights holder of the work deserves to be compensated.)

Effectively review of MMS for its determination as applicable to being an agent for positive change, THAT is being made available as a free option. Any profiteering on MMS itself must be preauthorized.

So given the above, the plan is to request every billionaire, whether a natural person or corporate entity, to pay 10% of net worth, with a parallel ask of 5% of all millionaires. (This may be just the once to start, although bernmeister and/or his estate reserves the right to continue the ask further, perhaps on an intermittent basis. This is justified if MMS works because its benefits will be ongoing, and while all will benefit, it can be argued the wealthiest may be among those who benefit most.) It was originally planned to proceed thus after there was additional opportunity to have MMS theory more fully vetted. However, the coronavirus pandemic has forced the preliminary release of the work, rather than wait and have it be of no immediate possible benefit (as opposed to at least being a light at the end of the tunnel).

So the ‘5 & 10 club’ of millionaires and billionaires, respectively, are asked to consider paying all of what is sought, or at least at minimum a portion of it. The full ask is entirely justified, but bernmeister recognizes the review process and academic validation are not yet finalized. Until then, it is requested that those who can consider the free will offering supplement portion of the purchase price as a down payment in advance of academic certification of this theory.

Repurposing

Pending negotiations with various governments my plan will loan all monies from millionaire and billionaire sources to those governments, in exchange for tax exempt bonds or similar debentures, that will use such funds being generated from private sources into a public purpose, fighting the COVID-19 pandemic. Such instruments shall not be redeemed upon maturity too quickly but reinvested, preferably likewise, with an aim to provide federal/state/municipal and other USA governments or other national governments with funding from the wealthiest, to help reduce need of a government authority from having to print up more currency or borrow further on the open market. While bernmeister will accept interest on these instruments, redemption shall not take place until after the pandemic is eliminated, hence giving such governments a reasonable cushion to have their economies and corresponding tax bases recover post pandemic.

While it cannot be considered as such in advance of the fact, even though bernmeister’s company is a for profit LLC and is not a 501(c)(3) or similar not for profit entity, your repurposing deduction should be a deductible tax expense, on two grounds. First, it is a legitimate investment into an examination of the current general economic climate that is affecting commerce overall, as well as research into how such a new monetary system would directly impact a particular business. Second, while there is the formality of getting MMS and its study on a curriculum, it is as deserving of study as anything by Keynes, Friedman, as well as others before, since, and in between. Contributions supporting study of MMS, while not deductible directly under a 501(c)(3) institution of learning, should be approved as following the same standard of current approval, wherein, for example, Adam Smith’s The Wealth of Nations is a bonafide publication for and aid to such study, including if it is not purchased at a school book store, but instead at a commercial book shop.

This ‘repurposing’ initiative as described in the above paragraph, if/when finalized, shall continue through conclusion of the pandemic and as described. Thereafter, any ask for support from millionaire and billionaire sources shall be directly paid to and used by bernmeister as he sees fit.

To obtain a copy of essential MMS media to date (in digital format), follow the prompts beginning at Where/How To Buy Bern IP at the above menu bar. As noted additionally at this site, you are not acquiring nor owning a copy of this intellectual property; rather instead, you are obtaining the conditional right to experience (read) a licensed copy (PDF format) of the copyrighted media.

Although essential MMS digital material is being made available for free to those representing that they cannot afford a copy, everyone else is asked to please do consider a free will offering in the suggested amount. Additionally, other non essential MMS material is being made available, some of that is free of charge. The author is making available access to his copyrighted material under these terms at great potential loss so as to serve the public interest; please be guided accordingly.

Thank you.