[GJM] CONTROLLED "HYPERINFLATION, " BUSINESS UNDERSTANDING, AND PRICE PSYCHOLOGY IN TRANSFINANCIAL ECONOMICS (MARCH 2008).("solution to the financial system and the problems of the world.")

[Rodney Shakespeare]

Dear Ashish,
Have I got this right -- you propose a handheld electronic machine which 
will  take money out of my account (when I pay) and transfer it into yours 
(when you are to be paid).

Certainly in the UK today most transactions (particularly in terms of total 
value) are already electronic in one form or another (debit cards; credit 
cards etc)  and so your idea is not too far away from present reality.  So 
it might well be a practical idea for exchange of money between people at 
some point in the near future.

However,  it completely avoids the big financial and economic issues e.g:-
a) who issues the money supply?
b) to whom?
c) in what way?
d) for what purpose?
e) is interest necessary where the development and spreading of productive 
capacity is concerned?

Associated with these matters are issues about why people do, or do not, 
have money in the first place and why economies are, or are not, efficient 
and just.

Of course it may be that you propose no increase at all (ever) in money 
supply but that raises other issues.

Rodney Shakespeare.
----- Original Message ----- 
From: "robert searle" <dharao4 at yahoo.co.uk>
To: <discussion at globaljusticemovement.net>
Sent: Wednesday, March 05, 2008 6:06 PM
Subject: Re: [GJM] CONTROLLED "HYPERINFLATION, " BUSINESS UNDERSTANDING,AND 
PRICE PSYCHOLOGY IN TRANSFINANCIAL ECONOMICS (MARCH 2008).("solution to the 
financial system and the problems of the world.")


> Dear Ashish Sharma,
>
>        I have come across your work before, and even
> left a message on Transfinancial Economics on your
> website as a comment. I am sure your idea has merits
> but I felt at the time it seemed to fall short of mine
> in certain respects.
>
> It is interesting to state here that when I first
> started out on the research, and development of TFE I
> envisioned the idea of a "calculator" just like yours.
> Yet, I gave up this notion though it has a certain
> degree of value.
>
> Since I am an autodidact I will have to get credence
> for my concepts from certain broad minded economists,
> and others of their ilke before it can be taken more
> seriously. Like you though I do believe that seeing,
> and understanding money as electronic energy is vital
> for humanity.
>
> What I like about Indians is that they do tend to have
> a scientific bent of mind, and have greater trust in
> technology when compared with Western  people in the
> developed world. As to why this I do not know. Maybe
> it has something to do with poverty, and the need to
> find novel ways to alleviate it..who knows? Any number
> of reasons could be possible.....
>
> Robert Searle
>
>
>
> --- Ashish Sharma
> <ashishsharma at electroniccurrencytime.com> wrote:
>
>> "solution to the financial system and the problems
>> of the world."
>> Dear Sirs,
>> I have been silently observing the discussions about
>> the possible electronic monetary system that can
>> solve the present day's problems of the economic
>> world.
>> I have attempted to develop e currency system, a
>> complete monetary system proposing to replace the
>> present paper currency system. I have in fact got
>> developed the prototypes recently for demonstration
>> and proof to support the claim that ecurrency system
>> can possibly solve the economic crisis the world is
>> facing today. Kindly go through the concept attached
>> herewith. I am sure on implementation this concept
>> can solve most of socio-economic crimes for example;
>> inflation, black money, unemployment, poverty,
>> terrorism, white collar crimes, counterfeiting of
>> currency, burglary, dowry and the related
>> socio-economic crimes. In fact, this system creates
>> an Income Cycle that multiplies(rotate) to infinity,
>> this claim is substantiated with the help of self
>> created economic equations, flow charts and balance
>> sheets.
>> I have been commented favorable by several
>> international economists including Bank of England.
>> I think initially the concept can be implemented as
>> a replacement to credit card system which has
>> already affacted economy adversely by $ 54 billion
>> (approx) fraud. I am confidant that ecurrency system
>> as explained in the attached document is a
>> fool-prrof system. I can prove this if I am given
>> the opportunity to demonstrate the system.
>> I invite the learned economists to comment on this
>> system.
>> Most Sincere Regards,
>> Ashish Sharma
>> Chartered Accountant
>> INDIA
>> +91 94140 74183
>> www.electroniccurrencytime.com
>>
>
>
>
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