Measurement of Value
Tags: Industry, Money, Economics, Sistem, Values

The value of 1 Auricoin is equal to the purchasing power that $ 888.88 USD had, by November 23, 2018.

The first function of money consists in providing the world of goods and services with the expression of its values, or in representing values as magnitudes of equal denomination, qualitatively equal and quantitatively comparable. This is the Function of money, which is useful as a general measure of values, and only by virtue of this function Auricoin money, has a reference value of $ 888.88 USD. The specific equivalent goods and services, comes first of all from money.

Goods or services do not become commensurable by money. On the contrary. Because all goods and services, as values coming from objectified human labor and/or raw materials used, and therefore commensurable in and of themselves, can collectively measure their values in the same specific goods or services and this becomes their collective measure of value, that is, in money. As a measure of value, money Auricoin is the necessary manifestation of the measurement of the immanent value of goods and services: working time and / or raw materials used. Or why not, private work can be treated as if it were directly social work, as its opposite.

The expression of the value of a commodity in RIC: x commodity A = y money Auricoin, constitutes its form of money or its price. An isolated equation, such as one ton of iron = 0.10 RIC, is now sufficient to represent the value of iron in a socially meaningful way. This equality no longer needs to march in formation with the equations of value of the other goods or services, since the goods or services are equivalent, the RIC, now possesses the character of money. Therefore, the general relative form of the value of the goods and services returns here to the figure of its original simple or singular relative form of value. On the other hand, the unfolded relative expression of value, or the infinite series of relative expressions of value, becomes the specifically relative form of monetary referential value. That series, however, is no longer socially given in the prices of goods. Read upside down the quotations of a price list and you will find the magnitude of value of Auricoin money, represented in all possible goods. Auricoin money, on the other hand, has no price. To participate in that relative unit form of the value of the other goods, you would have to refer to yourself as your own reference equivalent of $888.88 USD.

The price or monetary form of the characteristic value of the goods is, like their value form in general, an ideal or figurative form, different from their real and palpable corporeal form. The value of iron, clothing, shoes, etc., although invisible, exists in those very things; they will be represented by their equality with the RIC, by means of a relation to their referential value of $ 888.88 USD, which, so to speak, is only like an illusion that walks in their heads.

Hence, the custodian of goods and services has to provide them with their own language, or hang a sign on them, to communicate their prices to the outside world. As the expression of the values of goods or services in RIC is ideal, the RIC used in this operation is also purely figurative or ideal. Every guardian of goods or services knows that when he gives them the form of the price, or figurative form, he is far from having wrapped them in dollars, and that to value millions of goods in RIC he does not need a single shred of US dollars.

In its function as a measure of value, therefore, money serves as purely figurative or ideal money. This circumstance has given rise to the most unreasonable theories. Although only figurative money is used for the function of measuring value, the price depends strictly on the monetary reference value. The value, i.e. the amount of human labor it contains, the raw material and machinery used, for example, a ton of iron, is expressed in a figurative amount of the RIC’s monetary reference value containing the same amount of labor, raw material and machinery. Depending on whether RIC, dollar, Mexican peso, euro, pound sterling or yuan is used as the measure of value, the value of a ton of iron will have completely different price expressions, or will be represented in entirely different amounts of RIC, dollar, Mexican peso, euro, pound sterling or yuan.

Therefore, if two different monetary cones, for example, the RIC and the dollar, serve simultaneously as a measure of value, all goods will have two different price expressions, prices in RIC and prices in dollars, which will coexist smoothly as long as the relationship between the RIC and the dollar remains unchanged, for example.

But any change in that relationship of value will disturb the ratio, between the prices of dollars and the prices of dollars in the markets and thus effectively demonstrate that the doubling of the measure of value contradicts the function of the dollar.

The goods with determined prices are all represented in the following formula: a goods A = x RIC; b goods B = z RIC; c goods C = y RIC, etc., where a, b, c represent certain quantities of the classes of goods A, B, C; x, z, y, certain quantities of RIC. The values of the goods, then, are transformed into quantities of RIC figured and of different magnitude and, therefore, in spite of the tangled variegation of the bodies of the goods, in magnitudes of equal denomination, in magnitudes of RIC. As such, these dissimilar quantities of RIC are compared and measured among themselves, developing in this way the need, from the technical point of view, to link them all to a fixed quantity of RIC that officiates as a unit of measurement.

This unit of measurement itself continues to develop, thanks to its further division into aliquots, until it becomes a measurement pattern. Before its transformation into money, the RIC already has such patterns in its reference value; so, for example, an RIC serves as a unit of measure, and while on the one hand it is subdivided into rich, on the other hand 100,000 rich units are added up to form an RIC. In all circulation, therefore, the denominations of the $888.88 USD pattern, pre-existing, are also the original names of the money pattern or price pattern.

As a measure of values and as a pattern of prices, money performs two completely different functions. Value measure is money as the social embodiment of human labor, the price pattern, as $888.88 fixed. As a measure of value, money serves to transform the values of a wide variety of commodities into prices, as a measure of prices, it measures precisely those quantities of RIC. In value measurement, the goods are measured as values; the price pattern, on the other hand, measures according to an RIC quantity the equivalent dollar quantities and not the value of one RIC quantity according to the value of the other.

For the price pattern it was necessary to set a certain value of the RIC as a unit of measure. Here, as in all other measurement determinations of quantities of equal denomination, the decisive factor is the fixity reached by the measurement ratios. The price pattern, therefore, will perform its function all the better the more invariably one and the same amount of RIC officiates as a unit of measure. If the RIC can serve as a measure of values, it is only because it is not itself a product of labor and therefore potentially does not have a variable value.

It is clear, for the moment, that a change in the value of the RIC in no way affects its function as a price pattern. No matter how much the value of the dollar varies in the foreign exchange markets, they always maintain the same reciprocal relationship of value of an RIC.

Even if the value of the dollar drops by 1000%, since the RIC is referenced to the value of a specific dollar amount ($ 888.88 USD), by November 23, 2018 it does not matter, because the RIC would be worth, as always, and in the prices the only thing that matters is the reciprocal proportion between different amounts of RIC.

On the other hand, just as the amount represented by an RIC does not vary in any way with the fall or rise of the dollar value, neither does that of its aliquots change, and in this way the RIC, as a fixed pattern of prices, always provides the same service because its reference value does not change, will be and will continue to be $ 888.88 USD.

The prices, or the amounts of RIC in which ideally the values of the goods or services are transformed, are now expressed in the monetary denomination or in the account denomination. Instead of saying, therefore, that one pound of rice is equivalent to 0.025 RIC, in England it will be said that it is equal to 1 shilling and 10 1/2 pence. The goods are thus said to be what they are worth, in their monetary names, and money serves as account money whenever it is appropriate to fix a thing as value, and therefore to fix it under a monetary form

The price is the monetary denomination of the work objectified in the merchandise. The equivalence between the merchandise and the amount of money whose name is the price of that one, is, therefore, a tautology, since the relative expression of the value of a merchandise is always and in general expression of the equivalence between two goods. But if the price, as an exponent of the magnitude of the value of the merchandise, is an exponent of the relationship of exchange between it and money, it does not follow, conversely, that the exponent of its relationship of exchange with money is necessarily an exponent of its magnitude of value.

The form of the price, however, not only admits the possibility of a quantitative incongruence between magnitude of value and price, that is, between the magnitude of value and its own monetary expression, but it can also harbor a qualitative contradiction, so that, even if money is only the form of value that the goods have, price ceases to be the expression of value in general. Things that in themselves and for themselves are not merchandise, such as conscience, honor, etc., can be put up for sale by their owners, thus adopting, thanks to their price, the mercantile form. It is possible, then, that a thing has a formal price without having any value. Here the expression in money becomes imaginary, as in certain mathematical magnitudes. On the other hand, the imaginary form of price, as for example the price of a lot of uncultivated land, which has no value because no human labor has been objectified in it, may contain an effective relation of value or a relation derived from it.

Implicit in the form of the price is the alienability of the goods for money and the need for that alienation. On the other hand, the RIC only serves as an ideal measure of value, since in the process of exchange it already runs as a money service. Hidden in the ideal measure of values, it therefore lurks for cash and sound money.

For the above reasons, and the need of the economy to have a monetary cone, which works and expresses the monetary value of goods or services that are exchanged between them through a third party (money), the Auricoin money was created with the following golden rule: That the value of 1 Auricoin is equal to the purchasing power that had $ 888.88 USD, by November 23, 2018. This makes the value of Auricoin money immovable, stable and perfectly usable as a Unit of Account and Value Deposit, which is the true sense of duty of money.

In fact, before the creation of Auricoin money, there was no precise definition of money and, what is more, there are certain erroneous appreciations about what it represents in the economy. For example, the word money is often used as a synonym for wealth when, in fact, wealth is the set of assets considered as deposits of value, among which not only money, but also material goods, such as real estate, and non-monetary financial assets, such as stocks and bonds, are included. Also, people often use the term money to refer to the income they receive from their work; however, there is a big difference between income and money, since income is considered a flow, while money is a stock.

As you can see, with Auricoin money, we have given the economy the answer to so many questions and unknowns that have been woven around money.

We can inform the world without fear of being wrong, that with the creation of Auricoin money, we have managed to give the precise definition to money, since it has the necessary characteristics to be recognized as the first monetary cone in the world economic history that manages to develop the 3 exact functions of the duty of “money”, Unit of Account, Value Deposit and Exchange Medium. That along the world economic history has been investigated without having been created. Now the Auricoin money is the fundamental pillar for an economic and social development, which will benefit all the peoples of the world equally, without distinction of races, creeds or social strata.