WTO & IMF are largely based on currencies in their participating economies.
My terminology:
1. Permanent goods (Land, air, water, etc.)
2. Impermanent goods (Clothing, Technology, Machinery)
3. Transient goods (Oil, Food, etc- goods that change molecular form due to consumer useage)
4. Farms
5. Skilled labor
Impermanent Goods:- Some Goods live in a deteriorating and depreciating Circular system.
To found a People's bank where goods produced in currency poor nations can be the “traded goods they create". These 'created goods for trade' can be traded for other goods that they need from another nation, and free of any currency related tariff.
Establish a banking system that is not based on currencies is important where such goods are not permanent. These goods, such as clothing, technology, and machinery deteriorate, change, and disintegrate over time. So, they hold little world value based on long term life sustainability. And, the methods by which these goods are created is negligable since some families still wear clothing that is hand made, some people use modes of transportation that they develop on their own, and those who invent will use their own machines to accomplish their ends. However, the goods and products that are created and needed for use to create more world sustainable still have potential to be created from these lesser "models" of Impermanent goods.
ie.,
The automobile has not changed that much, except in some efficiency and design elements in 100+ years. And, regardless of the age of the vehicle;- it is impermanent based on accidents and other instances that cause its destruction. And, the "admired" currency value of this good is no longer "supporting" sustainability since it implies that the user purchase more transient goods regularly. To ultimately depreciate this good from the currency market and put it into a trade market that has no currency value might change value systems towards sustainability. Additionally, the consumption of transient goods needs to change or be highly taxed.
A Worldwide banking system that is based on the wholesale value of goods based on time and resources. Man hours are logged per person. Machinery hours are logged for usage. This seems like a socialist system. However, only the end product will hold a trade value, regardless of the method of creation. In theory, the more pieces of clothing or machinery produced will hold greater value due to quantity. However, it is not be a necessary means for everyone to obtain such goods as clothing and machinery since it will be outside of a currency system.
A Worldwide banking system that is based on the wholesale value of goods based on time and resources. Man hours are logged per person. Machinery hours are logged for usage. This seems like a socialist system. However, only the end product will hold a trade value, regardless of the method of creation. In theory, the more pieces of clothing or machinery produced will hold greater value due to quantity. However, it is not be a necessary means for everyone to obtain such goods as clothing and machinery since it will be outside of a currency system.
Countries, people and corporations can approach the "impermanent goods" People's bank with the list of items that are needed, and what they can possibly do, produce, etc. in exchange for those goods. In part, because there are many industry workers (sales and banking representatives for example) who need clothing, computers, and vehicles in order to “do business”. Many of these people take out personal loans on lines of credit for these goods. Though, they are only “freeing up” more currencies (find percentage) to be spent in the retail market on similar depreciating and deteriorating goods. These items and “free spending” of currency is not controlled, regardless of country, nationality, and race or gender.
Other items, concerning operations of business and permanent goods such as land, wind, sun, need a separate "banking" system, if any. However, levels of an aparment building or sky-scraper could be considered impermanent goods and be traded with peoples of any nation or labor group. Rather than creating new credit and mortgage systems in nations whose people are working (though low-paid on the currency system), a stock of impermanent goods can be traded with peoples based on delivery and safe arrival of goods in exchange for impermanent good homes that they would have full ownership of in said apartments, offices, other impermanent good locations that they could live inside the borders of a participating nation/people's.
Other items, concerning operations of business and permanent goods such as land, wind, sun, need a separate "banking" system, if any. However, levels of an aparment building or sky-scraper could be considered impermanent goods and be traded with peoples of any nation or labor group. Rather than creating new credit and mortgage systems in nations whose people are working (though low-paid on the currency system), a stock of impermanent goods can be traded with peoples based on delivery and safe arrival of goods in exchange for impermanent good homes that they would have full ownership of in said apartments, offices, other impermanent good locations that they could live inside the borders of a participating nation/people's.
Impermanent goods affect Insurances
In the USA car owners carry insurance on their vehicle(s). By devaluing items such as automobiles etc. currency/monies can be used for individuals to carry insurance on their lives, health & medical, as well as a legal insurance. This way, even minority individuals who could not previously afford their own health care, legal representation, work insurance, etc. would be able to afford insurances for such protections in the USA (provided such medical, legal, companies do exist).
^ This point of view was largely influenced by American Wealth from some of the top 100 wealthiest places to live in the USA. Many of those wealthy residents would claim that they are "poor" because they have no currency wealth and are not "liquid." This affected me greatly as a contracting instructor at US 501C3's in such communities because I was not paid my full wage or even placed on a payroll for working full employee hours for organizations. Additionally, these people controlled media and took credit for my work and accused me of slander in addition to running up my debt and them living off of my personal funds in addition to seeking scholarship funding for not being in a currency "liquid" state.
Transient goods: the world's natural resources, food itself, bio-fuels.
These are the goods that literally support life or take away life of any species.
