MACROECONOMIC PRODUCTION BASIS AS AN INVARIANT FOR RETAINING REAL VALUE: FROM BRETTON WOODS TO MODERNITY (1940s–2026)

This paper investigates the structural limitations of modern debt-based monetary systems and proves their categorical failure as stable intertemporal stores of value. A comprehensive empirical audit of macroeconomic data series over a half-century period (1974–2024) demonstrates the permanent degradation of the purchasing power of the reserve fiat anchor—the US Dollar—recording a cumulative contraction of real value by approximately 85% at a weighted average annual rate of decline (CAGR) of about −4%. Drawing upon W. S. Jevons' classical functional division of money and R. Shiller's concept of parallel units of account, the theory provides a macroeconomic justification for the fundamental necessity of isolating the transactional function (medium of exchange) from an autonomous measurement plane (unit of account). It is argued that the core vulnerability of existing institutional approaches—ranging from the physical gold standard and synthetic SDR baskets (IMF SDR) to the local Unidad de Fomento (UF) index and sovereign TIPS bonds—is their exogenous nature. Their scale is tied to the consequences of monetary distortions (CPI price indices, currency parities, exchange quotes) rather than to their root cause. As an alternative, a two-level endogenous model of a measurement invariant is formulated, deployed on the basis of a daily quantum of global real-sector macroeconomic output per capita—the Global TRUST Protocol. The mathematical architecture of the framework combines the nominal trajectory of world product via the Global Standard Coin (GSC) index and the hidden output capacity of the real sector via the parity delta module, the Global Standard Unit (GSU). The system rigidly links the volume of the monetary space to the demographic framework of humanity through an inviolable metrological constant of “365 coins per person per year,” where daily emission inflows (drip) and depopulation mass contraction (burn) are algorithmically regulated in real time. An end-to-end 50-year historical scan-backtest without the use of a smoothing damper confirmed the viability of the architecture. For the first time, a long-term cumulative identity between the growth rates of market gold (+1347.2%) and the full production invariant Total (+1322.8%) was recorded, which qualifies Total as a stable equivalent of gold in the real sector, cleared of the speculative derivative leverage of Comex/LBMA. At the same time, the invariant exhibits a 4–5 times lower volatility compared to the metal. Under the deployment of Big Data infrastructure of decentralized multi-oracles and Nowcasting models, the GSC/GSU framework ensures mathematical self-regulation of value and acts as a neutral supranational measurement standard for sovereign debt restructuring, accumulative pension macro-systems, and the denomination of ultra-long-term infrastructure contracts.