The Following includes the legal description and the drawlings that have been filed with the US Patent Office:
Keep in mind as you see the drawlings, and as you are looking at the edges: in your hand, the edge is perhaps, just several measured microns in thickness, not large as these drawlings necessarily display. We propose that the precious metals be from 2 to 4 plus microns thick. Keep in mind that the average human hair is just 6 microns thick!
Also, note that we can incorporate a small viewing window, (Item 14), which can be circular or square or rectangular. The window is an option.
The window will be there, when used, to enable you to SEE the precious metal content, at least in part.
intrinsic value added monetary unit
A BRIEF DESCRIPTION OF THE DRAWINGS
Figure 1 shows a front view of an embodiment of the present invention.
Figure 2 shows a section view of an embodiment of the present invention taken along line 2-2 in Fig.1.
Figure 3 shows a section view of the present invention illustrating an alternate embodiment.
NUMBER DESCRIPTION LIST
10: is an embodiment of the overall invention.
12: is the bill. (monetary unit)
14: is the precious metal being visible through an aperture or window.
16: is the pouch or pocket.
DETAILED DESCRIPTION OF THE INVENTION
The following detailed description is of the best currently contemplated modes of carrying out exemplary embodiments of the invention. The description is not to be taken in a limiting sense, but is made merely for the purpose of illustrating the general principles of the invention, since the scope of the invention is best defined by the appended claims.
Broadly, an embodiment of the present invention generally includes an intrinsic value added monetary unit. An exemplary embodiment of the present invention includes an intrinsic value added monetary unit, comprising: a paper currency comprising opposable substantially flat and flexible sheets inside a pocket; and a flattened piece of one or more precious metal disposed to be contained in the pocket adding intrinsic value to the paper currency.
An exemplary embodiment of the present invention may be made and used according to the following description.
Gold and silver "coins" can be pressed and flattened into as small as 2 or more Microns in thickness, protected inside identical thickness, non-porous plastic sheathing, (of similar or same thickness), and bound by the material more commonly recognized as "paper" currency. The gold and silver used, can also have small, regular indentations to increase the metal content, which can be placed and located in conjunction with objects outlined by micron measured raised surfaces, while maintaining complete flexibility of the financial instrument, while inside the “paper” used to contain it.
This will add intrinsic value to all such monetary units. Other than, or in addition to the precious metals being flattened, they can also be rounded, squared and/or made into a horizontal shape, or any other exotic or unusual artistic design. The amount of precious metals used will be commensurate with the dollar amount designated and printed on the “paper” surfaces, at consistent ratios. Outside, the currency will have the word “GOLD” imprinted or “SILVER” or when used in combination, “GOLD and SILVER.” If the metals are removed, the unit loses its intrinsic value and it loses it given face value amount.
There are no other such precious metal coins being fused into and/or used in any “paper” currency. Real gold and silver in combination, or gold or silver separately can easily be used by this method, including platinum. The face value amounts can be increased, making it possible and sensible to issue "dollar" or monetary units in excess of Federal Reserve notes, which presently do not exceed the "100" level, in addition to the 1, 5, 10, 20, 50 and 100 "dollar" face amounts.
The current monetary system relies solely upon public confidence, which often results in money being subject to a serious deterioration in its value, as public and or international confidence wanes. For example, a Federal Reserve note is only redeemable in other Federal Reserve notes. The only thing that currently backs them up, is still more of the same. The current money system, (Federal Reserve notes), are units that have no intrinsic value whatsoever. Also, because the monetary units are not tethered to metals with intrinsic value, they can endlessly be over-produced, leading to the creation of inflation and or even hyper inflation, which can and has resulted in social chaos around the world in other nations with similar, no intrinsic value based currencies.
The present invention provides added precious metals back into the currency. However, we also solve the problem associated with the idea that there is not enough gold and or silver and or platinum in order to produce money in sufficient quantity to meets the needs and demands of a large economy, or even a world-wide economy. In fact, there is plenty of gold, silver, and platinum, when used in this way, to fully supply the entire economic system of any nation with intrinsic value added monetary units (IVAMU) as herein described.
Gold, silver, or even platinum pressed into micron measured thickness as sheets, herein referred to as coins, and placed in or out of micron thin durable plastic sheathing, can then be added to the process of the manufacturer of the monetary units, by insertion into a micro sized "pocket" and sonically fused inside each such monetary unit, of any dollar denomination amount so desired. The more precious metal the dollar unit contains, the higher the numerical value of the currency and its purchasing power in the marketplace.
Federal Reserve notes as currently manufactured, without intrinsic value of any kind, are not equal in value to a similar denominated IVAMU. A “One Dollar” Federal Reserve note is not equal in purchasing power of an IVAMU, designated as a “One Dollar“ unit. At the very least, the ration to value initially may be 5 to 1. However, they are not legally in competition with or against each other. For example, if 1 “Dollar” of IVAMU has the purchasing power of 5 Federal Reserve notes, this effectively rolls inflation back by 500%. With the looming threat of hyper-inflation, even this given ratio example of 5 to 1 will shortly lose its value, even within this comparison. One day soon, only IVAMU's will be able to retain market place value to consumers.
Other than the precious metal coin being thin, and measured in microns, the shapes and sizes are virtually limitless. This method of precious metal insertion into "paper" currency can also be as thin, and elongated as a human hair. While the present invention may include a protective cover wrapping over the precious metals used, it can equally be done without any such protections, or pockets, at all. It can also simply set directly into the other existing materials that comprise the "paper" in the manufacturer of money. It does not require any embedding into a substrate material. It should be noted that while we do refer to Federal Reserve notes as “paper money,” technically, they are not made out of paper, but made from a special process incorporating linen, etc.
The IVAMU of the present invention can be used as is every other form of "paper" monetary units already used as value for exchange of goods and or services rendered. The primary difference, the one thing that places it in a vastly superior position to all current currencies, is the intrinsic value of the precious metals it contains. This changes the value of money in a major way by giving it intrinsic or objective true or "real" value. Intrinsic value is far better than a value based solely on mere, often unstable emotions and confidence. Confidence and emotions can be shattered, even by false or misleading information, or even by warfare, including information warfare, especially if any given war does not appear to be going well, for one side or the other. The method of the present invention of using intrinsic value based monetary units is to meets the needs and demands of people and the marketplaces everywhere.
In manufacturing, pressing machines can be used to flatten the precious metals. Computers can be used to engage in the mass production of these new monetary units, insuring consistency and quality of the amounts of the precious metals used.
Fractional reserve currency in use today, within the USA namely by the Federal Reserve, is destroying the economic well being of the USA, and apparently, the economies of the entire world. The present invention is for a brand new kind of money, one that utilizes the intrinsic values of precious metals added back into currency. While any precious metal can be used, in accord with US constitutional requirements, we must have gold and silver as the major part of the new money system, and they are indeed the precious metals preferred for use in this brand new money Invention Idea, especially within the USA. However, other nations can also benefit from implementing its use, to stabilize their own currencies, and making their value independent of other, various, international events.
One or more small apertures with a protective clear cover, such as a window, can be located above any portion of the precious metal, exposing the precious metal substance, making it possible to view a small portion of its precious metal content. This opening must have a durable transparent or clear plastic inserted, extending the plastic beyond the opening, and thereby holding it in place.
It should be understood, of course, that the foregoing relates to exemplary embodiments of the invention and that modifications may be made without departing from the spirit and scope of the invention as set forth in the following claims.
What is claimed is:
1. An intrinsic value added monetary unit, comprising:
A “paper” currency comprising opposable substantially flat and flexible sheets forming a pocket; and a flattened piece of one or more precious metal disposed to be contained in the pocket which adds intrinsic value to the paper currency.
