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

Wed Mar 5 19:21:51 MST 2008

Dear Rodney,
Thanks for acknowledging the practicability of the concept 'ecurrency system'.
  1.. Money supply,like the present paper currency system, will be originally issued and controlled by the Apex Bank of the country. 
  2..  Apex Bank of the country will through other banks issue electronic currency pads bearing unique code number to all segments of the economy.
  3.. The bank will keep a computer generated register for keeping the record of the issuance of the electronic currency pad to the citizen. At the time of implementation of the ecurrency system, all money belonging to the respective citizen will be transferred to the electronic currency pad issued to them. Now the amount mentioned as money balance in the Electronic Currency Pad will be the amount belonging to that owner of the electronic currency pad. paper currency will be totally abolished saving huge amount of printing and minting costs. These Electronic Currency Pads will be issued to the Citizens as individual having attained a predetermined age as policy decision, to the business sector and to the Government sector.Bank will have the key role for conducting and regulating the economy. Now people will transact through their electronic currency pads.
  4..  I think it is very difficult to change the entire system at one go. Therefore, I have suggested to implement the system initially in phases as an alternate      to credit card/debit card system. Because credit card system we all know has led to the immense fraud creation. Anybody who has the number/clone/duplicate credit card can easily create havoc. Electronic Currency Pad is a fool proof system. (I can prove my contention if I am given a chance to demonstrate). Electronic Curreny Pads can easily replace credit cards. Gradually as people accept the electronic currency pad system's reliability, ecurrency system will become the legal tender replacing the paper currency system. 
  5.. E currency system when implemented exclusively will generate the Income Cycle having the potentiality to rotate itself to infinity increasing the intrinsic value of the money, resulting in solving almost all the socio-economic problems of the society. Money will keep on multiplying itself even if  you stop charging interest. Details how the money will increase itself is in the document I attached to my earlier E mail in the  form of   equation, balance sheets and diagram. Kindly do go through. I am looking for the platform to prove my contentions. I want some bank to come forward to adop the ecurrency system as a replacement to credit card. I am sure soon the system itself will create its own place.
I think people/economy do not have money/ economies are not just because of the flaws in the prevailing economic systems. We have never heard of birds dying for want of food, because nature has given so much food in abundance that no one can die because of shortage of food. Birds do not die for want of food because they don't need money as a means to get their food. Human beings are the most rational creations of nature still they are poor, this certainly is because of the flaws in the medium they have opted to earn their food. I am sure ecurrency system can solve this problem. 

Money supply is not required to be increased additionally instead system will itself increase the money supply through INCOME CYCLE as explained in the attached document earlier.
Regards,
Ashish Sharma
  ----- Original Message ----- 
  From: Rodney Shakespeare 
  To: Ashish Sharma 
  Sent: Thursday, March 06, 2008 3:42 AM
  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,
  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: Ashish Sharma 
    To: Discussion Forum for Global Justice 
    Cc: robert searle ; Rodney Shakespeare ; tav ; Zack Johnson ; Steve Consilvio 
    Sent: Wednesday, March 05, 2008 4:19 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.")

    "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
  ----- Original Message ----- 
  From: Ashish Sharma 
  To: Discussion Forum for Global Justice 
  Cc: Steve Consilvio 
  Sent: Wednesday, March 05, 2008 9:49 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.")

  "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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