Real Transparency
It has often been said that “sunlight is the best disinfectant”. Unfortunately countless “transparent process reforms” have been enacted over the years, with little to show for them. We have concluded the essence of Real Transparency must be the ability to “follow the money”. Thus our Real Transparency reform will focus on financial transparency above all.
The FreeMoney system will provide a high degree of transparency with respect to Legal Entities. All accounts and all transactions of Legal Entities will be visible to everyone. All account transactions, and all transactions in securities will also be “world viewable”. With respect to securities transactions, all transactions will be posted with the buyer, the seller, the amount, the price and the full legal documentation available to all.
Finance, in particular, but Big Business as well, have benefited enormously from the information asymmetry between the individual and the Big Boys in the current system – they have access to much more information, and they use that information to profit at everyone else’s expense. Real Transparency may be the single most effective policy we can put in place to make sure that the economy under FreeMoney becomes a relatively level playing field.