Fiduciary Finance

All Finance is the transformation of savings aggregated for investment into capital for business.

Savings is money set aside by others for a future purpose, for a future time.

Capital is money used in business in doing its work of transforming cost-for-value into value for price.

It’s all the same money, but different technologies of aggregation and associated mathematics of allocation create different:

qualifications for financing;
time and timing of financing; and
conditions that must be met to keep the financing in place as originally agreed.

These qualifications and conditions curate which businesses will be supported in doing the busines of offering choices to popular choice, and how those business will be required and allowed to do business.

Fiduciary Money is money set aside for a private benefit that is also a public good.

It is money that is aggregated through trusts for a social purpose.

It is money that is allocated through the prudent exercise of the capcity that these social trusts factually derive, under the circumstances then prevaling, from their legally constituted character as large, programmatic and self-perpetuating “forever machines”, in undivided loyalty to their contractually specified aims, to provision muual aid societies for Workforce Pensions or Civil Society Endowmwents (Universities or Foundations) with income as well as safety suffcient to assure income security in a dignified fture to so many, directly, as a private benefit, that it is also, of necessity, for us all, consequently, as a public.

The question for discussion is, under the circumstance now prevaling,

What is the capacity that social trusts for Pensions & Endowments factually derive, today, from their legally constituted character as large, programmatic and self-perpetuating “forever machines”?

Pre-1972

The Legal List: Pensions & Endowments allocated allocations through loans to Governments and against Real Estate.

1972: A Wrong Turning

1983 – A Missed Opportunity

Today: Our Chance to Right the Wrong

           “
 what kind of world 
             do we want 
      and how 
               can we make it happen?

Simon Mair, MEND Network

THIS is the world we want

THIS is how we can make it happen

allocating Fiduciary Money through Equity Paybacks from current cash flows through Enterprise, prioritized by contract for:

Suitability of the Technology to the circumstances prevailing at the time;
Duration of the social contract between Enterprise and popular choice over time; and
Dignity in how the business does business all the time, across all six vectors of cash flow through Enterprise, including:
- Fair Trade, with suppliers;
- Fair Engagement with communities, of place and of interest;
- Fair Reckoning with the consequences, on Nature, Society and the Future;
- Fair Working, in the workplace;
- Fair Dealing, in the marketplace;
- Fair Sharing, with savers whose savings are the “raw material” form which financiers fashion capital for business.