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3. Products and the Open Market

October 6, 2012 By Raymond Leave a Comment

Rev. March 5, 2019

 This is the second set of Axioms in the Axioms of Economics.  This is the Products and the Open Market set.  There are 24 Axioms in the Products and the Open Market set.

This set gives the definition of a Product.

This set of Axioms demonstrates how Producers create Markets.  Producers create value, energy, wealth, capital and power and flow them into the Market.

There is more information on Products and the Open Marker on the web site http:youcreatemoney.com. There are10 articles in the category titled Open MarketEconomics.  These articles go into much more detail on Products and the Open Market.

  1. A product is a commodity, trade, good or a service that is:

A.  Exchanged on the Open Market (open to all on equal terms.)

B.  Needed and wanted and

C.  Does not harm the individual, family, society, mankind and the environment.

  1. One does not decide to back money with production, production backs money.
  2. A created commodity, trade, good or service is not classified as a product unless that commodity, trade, good or service is marketed and sold on the Open Market.
  3. A commodity, trade, good or service is not a product if it harms the individual, family, society, mankind and the environment.
  4. A commodity, trade, good or service that harms the individual, family, society, mankind and the environment is a criminal product.
  5. A purposely directed action or activity that does not harm the individual, family, society, mankind and the environment is a product.
  6. Production is converted into money units and the money units are a measure of the value of the production.
  7. All money value is backed by production.
  8. Production creates the value inherent in money.
  9. Production has exchange value.
  10. Criminally produced commodities, trades, goods and services do not and cannot give money value.
  11. Criminally produced commodities, trades, goods and services decrease and destroy money value and are harmful to the individual, family, society, mankind and the environment.
  12. Money cannot and must not ever be treated as a product.
  13. Producers are the creators and constructors of Markets.
  14. Non-producers and counter-producers destroy and destruct Markets.
  15. An Open Market occurs “only among Producers” and in numbers greater than one Producer.  An Open Market occurs when Producers exchange commodities, trades, goods and services with each other.
  16. An Open Market is established anytime and anywhere commodities, trades, goods and services are exchanged between two or more Producers.
  17. The greatest difference between the Open Market and the Free Market is; the Open Market does not allow for non-producer or counter-producer participation. The Free Market allows for non-producer and counter-producer participation.
  18. Demand generates Market force.
  19. Producers generate value, energy, wealth, capital and power through production and flow them onto the Open Market.
  20. Producers give Markets their energy.
  21. Producers drive Markets and make them operate.
  22. Non-producers and counter-producers siphon (suck) value, energy, wealth, capital and power out of Markets. They deflate Markets.
  23. Any time you find an abnormally shrinking and collapsing Market, you can be sure you will find non-producers and counter-producers taking money, value, energy, wealth, capital and power out of the Market without a correct exchange for it in produced commodities, trades, goods and services.
Producer Rewarded Open Market Economics
The Science of Economics
By RP Obrigewitsch
Revised March 5, 2019

 

 

 

Filed Under: Economic Axioms Tagged With: Capital, demand, exchange value, Free Market, market, money, Open Market, power, products, value, wealth

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Economic Axioms

  • 0.0 Axioms of Economics Glossary
  • 1. Axioms of Economics, Introduction
  • 2. Creating Money
  • 3. Products and the Open Market
  • 4. Production, Exchange Value and Money
  • 5.0 Production Rewarding
  • 6.0 Prosperity, Economics & Freedom
  • 7.0 Ownership
  • 8.0 Production and Reserve Strength
  • 9.0 Economics and Government
  • Axioms of Economics

Producer Economics

  • 1. What is money?
  • 1.1 What is a Product?
  • 1.2 The Four Basic Laws of Economics
  • 1.3 Who are the Producers?
  • 1.4 All Producers are Workers
  • 1.5 Workers and Producers Create Money
  • 1.6 Government Products and Services
  • 1.7 Non-productive & Counter-productive Activities
  • 1.8 Work, Energy and Money
  • 1.9 Production Creates Futures
  • 1.95 Producers, Non-producers and Counter-producers
  • 2.0 Attention and Money
  • 2.01 Attention Vacuum and Producers
  • 2.02 Attention Vacuum and Producers
  • 2.1 Banks Don’t Create Money
  • 2.2 Capitalism Without Rules
  • 2.4 True Wealth!
  • 2.5 True Wealth! Part 1
  • 2.6 True Wealth! Part 2
  • 2.7 True Wealth! Part 3
  • 3.0 Socialism
  • 3.1 Political Economic Systems
  • 3.2 Producers, Non-producers and Counter-producers
  • 3.3 Overt and Hidden Socialism
  • 3.4 Capital Destroying; Capitalism and Socialism
  • 3.5 Economics is a Group Activity
  • 3.6 Capital Producing Capitalism and Capital Producing Socialism
  • 3.7 Private Forms of Socialism
  • 3.8 Capitalist Socialist Economics
  • 3.9 Government Socialism
  • 4.0 Types of Socialism
  • 4.1 Interfacing in Groups
  • 4.2 Correlated Pay
  • 4.3 System of Measuring Production
  • 4.4 Systems of Pay
  • 4.5 State of Action
  • 4.6 Capital Destroying Capitalism
  • 4.7 Capital Destroying Socialism
  • 4.8 Use of the Word Capital
  • 4.9 Producer Rewarded Open Market Economics
  • 5.0 Prosperity Thrusts
  • 5.1 Pure Capitalism
  • 5.2 Right Wing Socialism
  • 5.21 Three Types of Capitalism
  • 5.3 Left Wing Socialism
  • 5.4 Foundation Socialism
  • 5.9 Deus ex Machina
  • 6.0 Three Types of Capitalism (Revised 4/11/19)
  • 6.1 Five types of Socialism
  • 6.2 Three Types of Bad News

Money Velocity

  • 1.0 Money Velocity and Prosperity
  • 1.1 The Money Velocity Cycle
  • 1.2 Capital Producing Economics
  • 1.3 Vampire Economics
  • 1.4 The Goal of a Society
  • 1.5 Production Efficiency
  • 1.6 Why Money Velocity Slows
  • 1.7 Capital Destroying Economics
  • 1.8 Producer, Non-producer or Counter-producer
  • 1.9 Razor Thin Path
  • 2.0 Stock Market

Open Market

  • 10. A Barter or Money Based Market?
  • 1. The Open Market!
  • 3. The True Value of Production!
  • 4. Market Action
  • 5. Free Market vs. Open Market
  • 6. Free Market, Non-existent!
  • 2.0 Open Market Technology
  • 7. The Open Market Construct
  • 8. Free Market Construct
  • 9. Establishing a Market
  • 11. Producers Create Markets

Money Supply

  • 1. The Constant Money Supply
  • 2. Production and Prosperity
  • 3. Medium of Exchange
  • 4. Money Symbol
  • 5. Creating Money
  • 6. Review
  • 7. Symbol for Value and Energy
  • 8. Energy Creators

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