The Golden Rule or law of reciprocity is the principle of treating others as one would wish to be treated oneself. It is a maxim of altruism seen in many human religions and human cultures. (Wikipedia)
Remember the Golden Rule – “What’s that” – He who has the Gold Rules (Parker and Hart in the Wizard of ID)
In today’s world an alliance of banks and big business control money (the gold) through debt. With debt, they control governments and through governments the population. Change is about to happen because debt, created with the Wizard of ID Golden Rule, is too expensive. The Golden Rule of Reciprocity is a lower cost way to supply money than debt.
In the exchange of goods and services, the Golden Rule of Reciprocity says that we should behave the same no matter whether we are a buyer or seller. Importantly there is no third party policing our exchanges. Debt introduces a third party and removes the ability for the Golden Rule or Reciprocity to operate.
When a buyer and a seller exchange goods and services they do it by the buyer providing the seller with money and the seller providing the buyer with goods and services. When the exchange takes place over time, we introduce debt where both the buyer and the seller take on debt and instead of exchanging goods and services for money they exchange money. Exchanging money is expensive compared to the exchange of goods and services for money.
We can replace most debt by promising to prepay for goods and services where the goods and services are delivered periodically to the buyer. The details on how we do it will vary depending on the exchange but the principle remains the same. Removing money debt removes most of the financial cost of delayed transactions. Typically these costs are more than half the cost of the transaction. The cost depends on the length of time and the cost of money. The cost is lower when we repay a loan with goods and services as the marginal cost of providing the goods and services is lower than the price we pay for goods and services. With debt, most of the difference between price and cost goes to the providers of debt. Repaying with goods and services means the buyers and the sellers use the Principle of Reciprocity and agree to share the savings.
The Golden Rule of Reciprocity in Practice – ACT Water Rewards
Individuals and Organisations who pay for ICON Water have the Right to pre-pay their future invoices. When they pre-pay, they purchase a Water Reward. The Water Reward earns a 10% discount each year and the value increases with CPI inflation. Water Rewards are used to pay invoices, or sold to someone who uses them to pay their invoices. Periodically, in consultation with the ACT government and ICONWater, ACT Water Rewards issues water users with Rights to purchase Water Rewards. The Rights are transferable, and ACT Water Rewards will help the Rights holder sell their Rights.
ACT Water Rewards works with the ACT government and ICONWater to determine the terms and conditions for ACT Water Rewards. Each member of ACT Water Rewards has an equal vote so allowing the Golden Rule of Reciprocity to operate.
Banks will provide loans backed by ACT Water Rewards to ACT Water Rewards holders.
To become an ACT Water Rewards member a person or family or organisation downloads the ACT Water Rewards app and agrees to the terms and conditions. They prove they have the Right to obtain Rights and buy and sell or use Water Rewards through the app. Every member has the same app.
For the ACT community, ICONWater will increase its profits by at least $75M per year for each $1 Billion in Water Rewards purchased. Water Rewards purchasers will have annuity investments of $1Billion that returns twice as much as current government backed inflation-adjusted annuity investments.