L i c e n s e d B y V i r t u a l m o n e y, I n c.
We make money the old-fashioned way - - - We print it !
Then we secure it with assets on a present value basis.
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MR$ Indexed Value
The purpose of the Millennium Dollar® is to establish and maintain a monetary unit with a real (or constant) measure of purchasing power over time. This is achieved by indexing the Millennium Dollar® to the purchasing power of the U.S. dollar (USD). Inasmuch as the purchasing power of the USD varies downward with inflation (and upward with deflation) the indexed value (or USD value) of the Millennium Dollar® will change over time. As such, we can calculate the indexed value of the Millennium Dollar®, as measured by the inflation index; which tells us how many USD are required to equal the purchasing power of one Millennium Dollar®.
What follows is an example of how we calculate the indexed value of the Millennium Dollar®; and, below the example, are PDF files containing the indexed values on a daily basis for each month. As such, you can calculate your own indexed values for the Millennium Dollar®, or simply download them from this page each month.
As an example for the coming month:
By definition:
Base Line Date (BLD): January 1st, 2000
On the Base Line Date: 1.00 MR$ = $1.00
Inflation Index: Consumer Price Index for
All Urban Consumers (CPI-U)
Reference CPI-UBLD: 168.2
Reference CPI-UOct: 199.2
Indexed Value Formula: 1 + CPI-U2 - CPI-U1
CPI-U1
Hence:
Indexed Value: 1 + 199.2 - 168.2
168.2
Therefore:
Indexed Value for January 1st, 2006: $1.184304
Conversely:
By January 1st, 2006: $1.000000 = 0.815696 MR$
Available on PDF files:
Daily Indexed Values: December 2008
Daily Indexed Values: November 2008
Daily Indexed Values: October, 2007
Daily Indexed Values: September, 2008
Daily Indexed Values: August 2008
Daily Indexed Values: July, 2008
Daily Indexed Values: June, 2008
Daily Indexed Values: May 2008
Daily Indexed Values: April 2008
Daily Indexed Values: March 2008
Daily Indexed Values: February 2008
Daily Indexed Values: January 2008
MR$ Vs. USD Graphs: 1/1/1997 - Present
Please Note:
1. The MR$ indexed value is calculated using the CPI-U, which is formally referred to by the Bureau of Labor Statistics as: Consumer Price Index for All Urban Consumers, U.S. All items, 1982 - 1984 = 100 - CUUR0000SA0. The CPI-U data can be obtained at: http://data.bls.gConsumer Price Indexov/cgi-bin/surveymost?cu . For our purposes herein, the CPI-U data is not seasonally adjusted. The CPI-U tabulated for each month is released on about the 22nd day of the subsequent month.
reference CPI-U that lags by three months. As an example, the reference CPI-U for January, 2000, is 168.2; which is actually the CPI-U reported for October, 1999. Similarly, the reference CPI-U for February, 2000, is 168.3; which is actually the CPI-U reported for November, 1999. Hence, the inflationary adjustment for the MR$ for January, 2000, is the percentage change in the CPI-U from 168.2 to 168.3. This percentage change is then prorated over the 31 days of January. Therefore, by the middle of November, 1999, we knew what the inflationary adjustment would be for each and every day of January, 2000; and so on.
3. The indexed (or USD) value of the MR$ will increase (decrease) during inflationary (deflationary) months; thereby representing the decrease (increase) in the purchasing power of the USD, as measured by the percentage change in the reference CPI-U index from one month to the next. In recent years, it is not uncommon to have a deflationary month or two during an inflationary year. The opposite volatility could occur during a deflationary year.
4. The Millennium Dollar® represents a constant measure of purchasing power over time, which is secured by the present value assets. As such, the Millennium Dollar® is better equipped to act as a medium of exchange, a unit of account and as a store of value; which are the primary functions of money. In the marketplace, the only thing more important, than money itself, is verifying the intrinsic value of the monetary unit. If we cannot measure our monetary progress with a constant monetary unit, then we cannot hope to manage our financial and economic affairs over time. It is all right to trust in God, but we must verify the monetary unit. This is the value-added that the Millennium Dollar® provides for participants in the marketplace, since it allows us to track the purchasing power of our money over time.