Basic money vs. Claims

The key things this summary tells us are as follows:

  1. Basic money is basic money (always and everywhere);
  2. Claims are transfers of ownership; one-half of that transaction is basic money, and the other half of that transaction is a claim;
  3. Bailments are transfers of possession; in the context of this research, bailments allow the owner of basic money to store their basic money with a vault / custodian, while still retaining ownership.