[GJM] CONTROLLED "HYPERINFLATION, " BUSINESS UNDERSTANDING, AND PRICE PSYCHOLOGY IN TRANSFINANCIAL ECONOMICS (MARCH 2008).("solution to the financial system and the problems of the world.")
robert searle
dharao4 at yahoo.co.uk
Thu Mar 6 06:33:57 MST 2008
Dear Ashish Sharma,
I would grateful if you could kindly explain
the "mechanics" of the Income Cycle rotating to
infinity in a few COMPREHENSIVE words and in SIMPLE
ENGLISH without having to go through diagrams, maths,
et cetera. This would be a great help to everyone. It
would also help your CAUSE. I am sure you must realize
this point .
It is all very well having great thoughts, and ideas
but they need to be expressed in such a way as to be
fully comprehensible in the shortest space of time.
..Like yourself, I have this problem too, and try to
explain TFE as lucidly at possible though at times it
is not easy......
We await your cooperation.
Best Wishes,
Robert Searle
--- Ashish Sharma
<ashishsharma at electroniccurrencytime.com> wrote:
> 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,
=== message truncated ===>
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