[GJM] CONTROLLED "HYPERINFLATION, " BUSINESS UNDERSTANDING, AND PRICE PSYCHOLOGY IN TRANSFINANCIAL ECONOMICS (MARCH2008).("solution to the financial system and the problems ofthe world.")
Ashish Sharma
ashishsharma at electroniccurrencytime.com
Thu Mar 6 09:03:58 MST 2008
Dear Robert,
I thank you for your e mail. I will try explain in simple words but when it
is mathematical then equation is equation.
In simple words, Income Cycle rotation can be explained as in e currency
system there is no leakage of money, while in paper currency system money
multiplies itself to ten times considering the reserve ratio as 10%. That
means 1000 units of currency at best can become 10000 units of that
currency. The formula in the multiplier concept is "deposited money/reserve
ratio" i.e., "1000/0.10=10000 units of currency". But when there is no
leakage in the system and Bank has all the money deposited with itself
without hampering the liquidity of the money transaction then the ratio and
the result will be 1000/0= INFINITY, where 1000 is the money and 0 is the
reserve ratio i.e., no reserve required to be maintained by the Bank.
This is possible when the entire monetary system is e currency. There will
be three broad segments of the economy. 1. Bank, 2. Government, and 3 .
Citizen/ General Public. In e currency system because Bank is the governor
of the money they will download all the transactions on to their computer at
the time when citizen and Government approach them for fresh issue of
transaction codes. In other words, there will be parallel records of every
transaction First with the Bank and Second with the Government and Citizen.
This parallel record will ensure that trasnaction in e currency system will
have the liquidity equal to cash in paper currency system and on the other
hand Bank will have all the money always with them. In fact, in e currency
system bank will be doing just book entries that is they will just record
the total money some time as $500 with A and $ 500 with B ( Total money $
1000) and some time $ 250 with A, $450 with B and $ 300 with C ( Total money
still $ 1000.). Now, because Bank has all the issued money always with them
with the added advantage of liquidity as good as cash for A, B and C making
them transact without any hurdles. Bank will not be required to keep any
reserves, because all the issued money will always be with the Bank still
people don't find any hurdles for their transactions. As all the money will
always be in the system, nobody will approach bank for withdrawal of funds
making bank to not to keep any reserve funds. When Bank is not keeping any
reseves that is zero reserve then automatically money will multiply itself
to infinity that is "Money/0=INFINITY".
In fact, I have got the prototype developed to prove my claims. If I am
given a chance to present the demonstration, then I will be in a better
position to explain the system, because seeing is believing.
Regards,
Ashish Sharma
----- Original Message -----
From: "robert searle" <dharao4 at yahoo.co.uk>
To: "Discussion Forum for Global Justice"
<discussion at globaljusticemovement.net>
Sent: Thursday, March 06, 2008 7:03 PM
Subject: Re: [GJM] CONTROLLED "HYPERINFLATION, " BUSINESS UNDERSTANDING,AND
PRICE PSYCHOLOGY IN TRANSFINANCIAL ECONOMICS (MARCH2008).("solution to the
financial system and the problems ofthe world.")
>
>
>
> 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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