[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]

Dear All,

       I have just noticed Mr. Johnson has woken up
again...Personally, I was able to download the
attachment but it did not really explain much even
though it gave the impression of doing so. 

It seems that Ashish Sharma is indicating that the
Income Cycle is like debt-free money (..but  in his
"theory" the money supply is not increased???)..though
I may be utterly wrong. It would be interesting to see
if he responds at all, and whether he can give a
really satisfactory,and clear  answer(s) as to how
inflation could be controlled (in TFE the key tool is
now an instant Inflation Deduction, or a "Tax" if such
it can be called). Personally, I am not optimistic but
I hope I am wrong, and that he will come up with
something ingenious.

Ofcourse, Mr. Johnson who is such a bright spark has
not come up with anything  original about how the
world could be put to rights using a new kind of
financial system, and approach. No suprise there!


R.Searle.




--- Zack Johnson <zackjohnson at louisiana.usa.com>
wrote:

>  "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
> 
=== message truncated ===>
_______________________________________________
> Discussion mailing list
> Discussion at globaljusticemovement.net
>
http://globaljusticemovement.net/mailman/listinfo/discussion_globaljusticemovement.net
> 



      __________________________________________________________
Sent from Yahoo! Mail.
The World's Favourite Email http://uk.docs.yahoo.com/nowyoucan.html