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Worth Appraisal And Exchange System

Crom Alternative News, 14 December 2011 - Enrico Furia

Whatever will happen with Euro, US Dollar, and any other currency, the current financial system has to be changed, or managed in a very different way.

Economic Worth

The Theory of value in economics states value as economic worth of goods and services in monetary terms.

Economic Appraisal

Economic appraisal is a type of decision method applied to a project, program or policy that takes into account a wide range of costs and benefits denominated in monetary terms or for which a monetary equivalent can be estimated. Economic appraisal is a key tool for achieving value for money and satisfying requirements for decision accountability. It is a systematic process for examining alternative uses of resources focusing on assessment of needs, objectives, options, costs, benefits, risks, funding affordability and other factors relevant to decision. Economic appraisal can be denominated only in monetary terms. That is a constraint which enables this technique to appraise non monetary value and benefits.


Exchange, or Trade, or Commerce, or Financial Transaction, or Barter represents the transfer of ownership or goods and services from one person or entity to another. Any network that allows trade is called “market”. The invention of money (and later credit, paper money and non physical money) greatly simplified and promoted trade.


Money during its history has been any object or record generally accepted as payments for products and repayment of debts in a given tribe, country, or socioeconomic context. The main functions of money are distinguished as: a) medium of exchange, b) unit of account, c) store of value. For current theories, any kind of object or secure verifiable record that fulfills these functions can serve as money.

Money Originated As ‘Commodity Money’

Commodity money is money whose value comes from a commodity out of which it is made. It is any objects that have a value in themselves as well as for use as money. Examples of commodities that have been based as medium of exchange include gold, silver, copper, large stones, decorated belts, shells, alcohol, tobacco, cannabis, barley, etc. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system economies.

Nearly All Contemporary Money Systems Are Based On ‘Fiat Money’

Fiat money is without intrinsic ‘use value’ as a physical commodity, and derives its value by being declared by a government to be legal tender, that is it must be accepted as a form of payment within the boundaries of the country for ‘all debts, public and private’. The money supply of a country consists of currency (banknotes and coins) and bank money (the balance held in checking accounts). Bank money usually forms by far the largest part of the money supply.

The Word ‘Money’

The word ‘Money’ is believed to originate from a temple of Hera, located on Capitoline, one of the seven hills. In the ancient world Hera was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located.


Finance is often defined simply as the management of money or ‘funds’ management. Modern finance, however, represents a family of business activity that includes the origination, marketing and management of cash and money surrogates through a variety of capital accounts, instruments and markets created for transaction and trading assets, liabilities, and risks. Financial performance measures assess the efficiency and profitability of investments, in monetary terms. Therefore, any time a human activity cannot be assessed in monetary terms, cannot be assessed on any financial market. Investments on climate change, natural disasters, and in general innovations can be listed in those cases.

Financial Credit

In finance, credit is the trust, which allows one party to provide resources to another party where the second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g., consumer credit). Credit does not necessarily require money. The credit concept can be applied in barter economies as well based on the direct exchange of goods and services (Ingham 2004 p. 12-19). However in current societies credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account. Movements of financial capital are normally dependent on either credit and equity transfers. Credit is in turn dependent on either credit or equity transfers, where equity has to be intended here as the assets of a business, which can fluctuate in quantity and value, different from the property and the assets of a business.


Il sistema finanziario corrente deve essere sostituito da un altro sistema più efficiente

Milano, December 2011: Duric Aljosa - Enrico Furia



Is not a new attempt of creating new currencies, but a serious research for creating a new “Worth Appraisal and Exchange System”, not in monetary terms but in “Real Worth” terms. Whereas for worth we intend real riches based on the creation of new real products, opposed to financial worth, which is based on the creation of new money from nothing. The creation of new real wealth is a non-zero-based game, where every participant gain and is satisfied of his profit,  while the creation of financial wealth is a zero-based game, that is a game where for every winner there is one or more losers and the total amount of the game never improves.

Therefore, in my quality of citizen of the world, I invite all good will men to participate to this historical effort of improving ethics of humanity toward a better world:

Development Program - Worth Appraisal And Exchange System


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