The MSTA founded as an offshoot of Passive BIBO Currency Project, and is based on the realisation that the notions of money and “money system” both in terms of the current state of the art as well as in the many alternative proposals (community currencies, crypto currencies etc.), require a common formal technical and scientific foundation to accurately define and understand these systems. Through the application of standard information technology, formal semantic analysis and dynamic systems control theory, Marc Gauvin and Dr. Sergio Dominguez were able, without loss of generality, to fully represent the de facto money system in scientific and logical terms. From this work and as detailed in the book “The Money PSYOP”, it was shown that money is itself currently misrepresented as having mutually exclusive properties. In the article “A Legal Approach To Cancelling All Current Money Contracts”, it was proposed that contracts historically assumed to be valid, cease to be so once it becomes evident that there exists no common valid definition of money and how in practice money is subsequently misrepresented.
Following the above findings, legal expert Jorge Meira Costa specialising in Constitutional and Administrative Law and an avid researcher of the theory of money and public money, confirmed that indeed the contradictory nature of money’s definition poses a serious challenge to the validity of common money contracts and what is more, the subsequent inequities pose an ongoing threat to the optimal exercise and safeguarding of fundamental rights and freedoms as well as acting to undermine the general principle of independence of the legal system and therefore the general rule of law.
As a result the paper “A proposal for harmonising current disparate (scientific and legal) definitions of money towards greater decidability in the provision of Justice according to universal principles of contract law” was presented to the Monetary Research Center constituting the MSTA’s founding document .