[GJM] CONTROLLED "HYPERINFLATION, " BUSINESS UNDERSTANDING, AND PRICE PSYCHOLOGY IN TRANSFINANCIAL ECONOMICS (MARCH 2008).("solution to the financial system and the problems of the world.")
Zack Johnson
zackjohnson at louisiana.usa.com
Thu Mar 6 09:48:46 MST 2008
"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."
----------------------------------------------------
Unfortunately, Ashish, the list software does not
forward attachments, so none of the subscribers
received it.
Please send the document directly to my personal
email address.
Thanks.
Zack Johnson
Certified Public Accountant
Monroe, Louisiana
----- Original Message -----
From: "Ashish Sharma"
To: "Discussion Forum for Global Justice"
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.")
Date: Thu, 6 Mar 2008 07:51:51 +0530
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 ShakespeareTo: Ashish
SharmaSent: Thursday, March 06, 2008 3:42 AMSubject: 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 SharmaTo:
Discussion Forum for Global JusticeCc: robert searle ; Rodney
Shakespeare ; tav ; Zack Johnson ; Steve ConsilvioSent:
Wednesday, March 05, 2008 4:19 PMSubject: 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 SharmaChartered AccountantINDIA+91 94140 74183www.electroniccurrencytime.com
----- Original Message ----- From: Ashish SharmaTo: Discussion
Forum for Global JusticeCc: Steve ConsilvioSent: Wednesday, March
05, 2008 9:49 PMSubject: 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 SharmaChartered
AccountantINDIA+91 94140 74183www.electroniccurrencytime.com
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