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Guest: Dr. Armen Papazian. Topics: Creating money via wealth not debt to finance space development. Please direct all comments and questions regarding Space Show programs/guest(s) to the Space Show blog, http://thespaceshow.wordpress.com. Comments and questions should be relevant to the specific Space Show program. Written Transcripts of Space Show programs are a violation of our copyright and are not permitted without prior written consent, even if for your own use. We do not permit the commercial use of Space Show programs or any part thereof, nor do we permit editing, YouTube clips, or clips placed on other private channels & websites. Space Show programs can be quoted, but the quote must be cited or referenced using the proper citation format. Contact The Space Show for further information. We welcomed Dr. Armen Papazian to discuss his space financing theories based on creating money in our global economy through wealth rather than by debt and debt instruments. I urge you to read his papers and see his presentations on this subject at www.isdhub.com. Definitely download and reach "Money Mechanics For Space" which you will find on the left side of the website under the Planetary Referendum box. Also, do vote on the Planetary Referendum, an issue our guest brought to our attention several times during our discussion. You will also find additional presentations and papers of interest to us and this subject on the isdhub.com website so do check them out. While our program was in two segments, the overriding discussion focused on how we presently create money by debt, why this is a problem causing methodology, and why we need to move to alternative ways to create money, both in the U.S. and around the world. Since we do focus on lots of economics, having his papers and presentations handy to supplement our discussion will prove useful. Dr. Papazian explained how we create money today and the problems our current methodology causes as it is based on the concepts of scarcity, risk, and time. We spent considerable time talking about scarcity and time in economics, in the practical administration of government policy, academia, and why we need to move away from these concepts. Our guest suggested an alternative scenario in which money is created through wealth with space as the leading wealth creating industry because space represents abundance, not scarcity. A wealth based money creating economy does away with scarcity as the underlying foundation, replacing it with abundance. In this discussion, he introduced us to Public Capitalization Notes (PCN), a very important tool & part of this alternative approach to creating non-debt money. We fielded listener emails and calls with many questions for our guest. Listeners wanted to know if there was a cost for money and how would that be handled? What about the time value of money, risk & inflation? Armen made it clear that he was not suggesting a disruptive change in our economic systems, instead, he was advocating a parallel economic system and an evolutionary approach toward wealth and abundance based money creation using PCN tools. Near the end of our discussion, we applied what our guest was saying to space investments such as recent projects discussed on The Space Show and their very significant infrastructure requirements. From this discussion, we learned how space can be a game changer and rather than banks, governments, and individuals owning debt, these financing parties would own equity or assets in the space project. In Armen's closing comments, he urged us to vote in the Planetary Referendum for Cosmic Awareness and to be supportive of their crowd sourcing program. Please post comments/questions on The Space Show blog. If you want to email Dr. Papazian, you can do it through me or the Contact page on his website.