Who is Jeffrey James?

the passion for ALL humankind starts with the Great Recession

Hi, I’m Jeffrey. I’m the man behind this. I’m a lifelong learner on the Pursuit of Happiness. I used to read as much news and books as I could find. I was driven for the search to find meaning: I could never make sense of the world that I live in and nobody had ever convinced me that this reality was Truth. Some things justify some things, some things explain some things, and inequality just has to be accepted as the natural order of things? That never satisfied me. Nothing could explain to me why humans exist and what we are trying to do here. I had started to understand why homo sapiens exist: because we can adapt and accel at anything we put our minds to. But our purpose was elusive. Everything around us is trying to take our money; I never felt like my purpose was to serve in this economy and make money for money’s sake.

I adapted to this reality. I was running a restaurant in Northern Michigan for a few years after I graduated from college but it got tanked due to the Great Recession. I was pissed off about the bank bailouts and I never got over it. The government acknowledged that privately-owned banks and corporations were more important than citizens, after all, businesses are the ones who employ citizens. I never looked at my country the same again. I wanted to comprehend how and why the economy nearly collapsed, which led me to dive into learning about the US monetary system. These critical and brink-of-collapsing banks were able to quickly pay back their loans. My blood boiled when I found out about the design of the financial system and its made-up money creation. I learned that interest makes repayment of all debt not possible with money, because interest is even more made-up than debt. I was smacked with the realization that compounding interest on the world’s debt is how the past controls the present and future. The debts from the past are paid for by the progress of the present and fulfilled from the future. The system is set up this way because it profits the lucky few. I was livid. After learning that the dollar was fugazi, I became convinced that this whole reality is fugazi too. The Federal Reserve and this captured government, Government Sachs, weren’t my employers. But I was working for them. I felt like a loser, like their chump.

I am a defrauded American citizen. Not that I had much trust in our politicians and government before, but after diving into the details of our monetary system, I concluded that the Federal Reserve needs to be blown up. I hate debt and don’t think that the world owes me anything, but to see the truth that my existence as a US citizen will be in perpetual debt because of past decisions that I had nothing to with drove me bonkers. I never liked taxes and never agreed that I should have to pay taxes until I die. The origin of TimeBasedMoney started with understanding the infinite power of debt’s compounding interest, then deciding that I did not want to be its patsy for the rest of my existence. I took compound interest as a challenge to invert for my power.

I have been in love with the internet since CompuServe’s dial-up internet entered my home. We are blessed to live in an age with the internet. Pre-internet life was okay, but the internet is a blessing. Despite many people making their fortunes online, admittedly I felt competitive with, I was never convinced that anyone had ever discovered the internet’s real purpose or to unlock its potential to make a real transformation in our lives. A hobby of mine was to go to random Wikipedia pages and learn about brand new things. It is so cool that near-infinite information has become accessible to anyone with a smartphone, but the internet highway becoming another platform to shove billboards in our faces. I knew that the internet had to hold a secret to its monetization because everything on the internet still kind of sucks. I took finding the internet’s true purpose as a challenge.

I was struck with lightning with the invention of Schollars in 2010. I read the title and maybe a few words of Wikipedia’s time-based currency article and my life was altered. I instantly knew how to make revenue from it and immediately recognized that this profit would be guaranteed and endless. I figured out how to monetize the internet with default employment. I could pay people to do the right thing, forever. I had found my ever-growing revenue stream. It has a very high fixed cost, some would say an impossibly high startup cost but I don’t care about that hurdle. The near-zero variable costs are what made my head explode. I created the magic formula to create time-based money that pays the earner for their time and attention while guaranteeing revenue for its issuer. I was worried that a competitor would just swoop in, I tried to make Schollars unbeatable. I decided that the only way to guarantee victory is to kick back some profit to the timeholder by auto-funding an investment account.

Another important decision that I made with Schollars came from self-preservation, I don’t want to die. I want to live forever and think that the fundamental reason that we are alive is to remain alive for as long as possible, I decided that Schollars must be dependent on the original earner’s life: it’s a “living time” based money. You die, you have no time anymore, so your Schollars must die too, all the fresh money you earned in your lifetime gets wiped out. The economy can’t be concerned with just taking your money in one transaction then letting you die off, it must be in its interest to help you want to live and to be able to stay alive. This new attention-based economy needs to keep you alive, by making you more fulfilled and healthier, and it should promote the making of more human beings. More humans lead to more innovation and will require that we pioneer new frontiers. Living time is our most valuable resource. Money is our greatest tool. The economy is the greatest force. It’s always been the economy, stupid.

I had always felt like an alien because I could never understand that only some time is valuable, some time is wasted, but all the while we are subjected to constant taxation when earning and spending money. The national debt and the taxing of property is the monetization of human existence. I have unwillingly had to adjust to this reality, because of the power of authority. Just because I don’t accept this reality as truth, doesn’t mean that I haven’t learned from it. I never understood why we were still stuck living on Earth when Man went to the Moon 50 years ago. Once I saw a future through the lens of Schollars where money represents living time, I found meaning in existence. I saw a new reality of world peace and one without poverty, unemployment, vast inequality, and humankind’s purpose: I saw a world that finally made sense to me. I am convinced that government is a business and that it can be the greatest business.

There must be a complete shift in perspective of how human beings treat their own time, the relationship with the time of other human beings, and how we contribute to our present society and ensure a better reality for our future generations. It is a miracle that we are alive at this point in time. Every single living human being is of extreme value. I come from a hospitality background, therefore the perspective that each person is a guest of my business that deserves personalized and excellent service is coded in my DNA.

I had a second revelation in 2017 and started furiously writing and transformed into the alienic Jeffrey James Rex, this work is The Species Contract: Now Thy Kingdom Come. I am poetic in my economic prophecies and even more ambitious and fantastical of humanity’s future. I wasn’t predicting the next year, but thinking of the next thousands of years by designing a species that will live and grow successfully in perpetuity, without needing me. Most of it was based on the ideas and principles of dead people. I want the power of creation but not the responsibility of operating. I was pushing myself to the bounds of my creativity and visions of the future, while still trying to maintain my privacy. I was obsessing over legacy, in a mental intergalactic battlefield in the war against impossibility. I was disappointed in reality and the deadlocked and selfish political environment repulsed me. I finished writing and got few results. I didn’t write the Species Contract for 2017, I wrote it in response to the world of 2017, and with the hope that Future Generations would never have to suffer through anything similar. The lack of progress in 2018 was a bit disheartening and the political world was so disgusting that I checked out once I felt like the Species Contract was completed.

I needed to sharpen my skills, knowledge, and confidence so I would stop having any excuses. I thought that having some initials after my name would be the answer and would give me the guts to talk to people about Schollars. I was working for a client-owned investment firm when I went back to university to expand and sharpen my business skills. I put my visions of Schollars and humankind’s conquering of the universe out of my head but loved the creation of Space Force. In December 2021, I earned a Big Ten MBA with a focus on entrepreneurship and innovation. I had felt a stirring within me for weeks, I could tell that something big was going to happen. I had distracted my mind from Schollars long enough but I have been bitten by the Schollars bug again.

And that brings us to today. I must ferociously nudge the transformation of humankind because I have the audacity and the motivation to destroy the US dollar and all other fiat money, the disinterested determination to rid the world of debt forever. My quest is to bring world peace and prosperity to my worldwide brothers and sisters, and to our children’s children. Then I want to see cities on the moon ASAP.

I have returned to my obsession with living time-based money. Schollars are too important for me to keep worrying about my self-esteem and privacy. I made myself run out of excuses: I know that I have the product, the vision, the greater purpose, and the skills. I need the guts to get the attention, clarity and conciseness to communicate effectively. I must be the burning bush so that we can finally win this war against Government Sachs and focus on the forever war against impossibility.

The Species Contract is a love letter to futurity. I can’t keep Schollars and the Everlasting Economy out of my mind anymore. It’s time to accelerate evolution as I press into the unknown. That’s the purpose of TimeBasedMoney. I am bringing Jeffrey James out of anonymity to force humankind to make our long-anticipated and promised transformation, and I will put my face in the jaws of the beast. I hope to make this entertaining because I want there to be a worldwide celebration, a sigh of relief, to knock your socks off, and then send a kick in the pants because we need to get to work making money by saving our home planet and planting our flags on Mars. I know that I can’t do this alone, my retreats in 2011 and 2018 proved that. I retreated twice before, so what? I’m still alive and I keep getting smarter, and the world keeps getting more unequal. The deck is stacked against nearly everyone. I’m using freedom of speech and the free market. I was ahead of my time in 2010, then I was thousands of years ahead in 2018, now I’ve crashed back to Earth in an MBA spaceship. I can’t afford to let myself be ignored any longer. The only true failure is death. I’m once again coming back to life because I serve somebody greater than myself…

third time’s the tipping point?

Although I have an MBA, I’m a reluctant entrepreneur. It’s a means to an end. My goal is to make a constantly improving reality. I am a rebel because I demand that I be compensated for my compliance and cooperation with authority. I am an artist because it compels me. I want to be President because it’s been a personal expectation.

My entrepreneurial endgame is to become the President, but not of this civilization. Offense intended: this reality sucks. I am trying to make all things new. My business is to bring humankind the overdue world peace and prosperity that we have all been promised, then we can start conquering the rest of the galaxies. Optimizing is my nature.

I am greedy. A lot of bozos have been president before, and I don’t want the responsibility. Doing what was done before or fulfilling predictions is not my motivation. I have retreated but I don’t give up. I’m not righteous but I ain’t wrong. I manifest destiny. I am ambition. There’s nothing new under the sun, but then I was born, learned that the first lesson is that all we need is time, and matter-of-factly screamed, “F— the past. The future’s ours!”

To make this new reality, capital needs to be reallocated. Human time must become more profitable, and the profiteers from human time must be changed. I am using the freedom of Private Business to offer all my brothers and sisters the buyout from their past, and offer every current and future new human default career opportunities.

Rainmaker, market maker, money changer, fortune teller, whatever you want to call me... I just don’t want to be called a Homo sapiens any longer.