Introduction

Firstly, a word from the inventor…

The term “Money makes Money” is misleading. If every human disappeared from this planet what would happen to money? Money would just lie there or it would blow around and eventually decay. Not one more new note or coin would ever be produced.

Every week people go to work with empty wallets and at the end of their working week their wallets are filled with money. They have turned their time into money. They are paid by the hour, week, fortnight, month or salaried year. Their time can be contracted in years. How much they are paid depends on the educated skills they are applying during that time. Money is a voucher, token, reward given in exchange for the supplying of human-effort time.

Theoretically a builder’s labourer or a cleaner can work anywhere in the world and convert their time into any number of fiat currencies. The ‘working hour’ is a universal currency.

Once converted into fiat currencies human effort time loses all significance. Contemporary commercial transactions between national fiat currencies use currency exchange rates. These exchange rates fluctuate and at times of global unrest can be extremely volatile. Currency speculation or gambling on exchange rate changes is rife and the exchange rates themselves can be manipulated.

There was a need for a currency and payment system method that neutralizes and removes those parasitic systems abusing and wasting the working hours of the hard-working man. The solution turned out to be surprisingly simple;

The practice performed by the builder’s labourer, turning his time into money, can be taken one step further. The process can be reversed. Fiat currencies can be converted back into units of time, working hours (Worqours) and then used as a basis for an international payment system.

In light of the vast array of pay scales in every national economy the obvious solution for an international exchange rate was to use the lowest common denominator that can be found or created in every national economy. That common denominator is the minimum hourly rate of pay (mHR) as declared by the government.

Partnering a unit of time with the mHR and using those as an international currency and payment system solves almost all of our present global financial problems.
*This currency supplies solutions to the major problems discussed at Bretton Woods in 1947.
*Functioning only as an external bridging currency units of time circumvent the Triffin Dilemma.
*Those who are looking to safeguard capital will find Worqour Certificates offer distinct advantages over storing wealth in either Gold or Cryptocurrencies.
*The stable exchange rates supplied by using national minimum hourly rates (mHR) as the global standard rate of exchange in all international transactions creates a level playing field that will have a direct bearing on the movement of financial refugees.
*Pricing products or resources in international worqours equates to workers paid on the lowest national pay scales, wherever they are in the world, have to work the same length of time to obtain that product. As products become more readily available this will expand the global market and subsequently increase the standard of living in third world countries.
*The device and it’s support structure that are pivotal to the currency’s operation can also be used as an non-nuclear deterrent to calm global unrest.

The advantages of this system are quite remarkable and they are described in more detail throughout this website.

On 25 December 2014 an application was lodged seeking an Australian patent for a device that produced random encryption tags that were subsequently used to facilitate a new global payment system.  The patent was granted 3 September 2015.

Australian Patent 2014280970 is for a Random Encryption Tag Generator.
The generator produces random encryption tags and then proceeds to use those tags to process the safe cross-border transfer of national currencies using the WorQour currency business method.
This business method uses a unit of time as an international bridging currency.
Throughout the patent the tag generator has been referred to as the ‘WorQour Encryption and Processing Device’ (WEAPD) to indicate that the tag generator does more than just supply encryption tags.

Those familiar with currency and travel will be quick to point out that this system doesn’t cater for the tourist or the travelling public and they’re correct.  It doesn’t.

Another system devised in 2012 combined a debit card, that could be charged with the WorQour currency necessary for travel, and a passport.  Combining travel funds and a passport on one card has some rather interesting features.

At this point it’s sufficient to say that the needs of the traveller have not been overlooked.  How the WorQour currency / Passport card works will be explained, in detail, at a later date.