Government currency input and control

THERE WILL BE NO PRIVATE BANKS, NO STOCK MARKET OR SHARE INVESTMENT.

Government will through interest free loans from central bank fund private business and public companies (public companies will be owned by the people as government will purchase all stocks and shares and the shareholders will be paid the full current market value into their central bank account.

Government will give any necessary subsidies to those businesses and organizations who the government deems are socially and ecologically required to make society function without monetary restriction.

A world fully funded by respective governments for all requirements will be possible with the proposed system of monetary change.

An ability to diversify industry not required, without hardship to those employed would be a result of monetary change e.g. armaments and exploitative business practices that cause damage to people and the ecology of our world.

Equality of the currency of all countries will be enabled through a world exchange bank. Access to all transactions will be given to all members of the system.  Banks will be none profit public owned organisations

Output of money from the system

To eliminate the input there will be an out put, where money is eliminated from the system.  Government will purchase all of the shares.  Public companies will be owned by the government.  Profit made from these companies will then be eliminated from the system.

Other means to eliminate money will be instigated to obtain a balance for the input.  Possibilities are:  Fines and criminal proceeds confiscations imposed by law/government, extra cost on undesirable products such as carbon fuel, tobacco, alcohol and other socially damaging subjects.

Before I give explanation of a new monetary system I would I would say that current values are monetary values, the new system will give social values to everything .

Remember:  MONEY is a tool to use, to direct society.  When using a tool, control is the most important part of the process.

To give a clearer understanding of the new system, imagine a country without a monetary system, a blank canvas and it had to be organised using money as the tool.  Would you use our current system of chaos to build the society?

The new system is a social/ecological solution  and will give social and ecological values to the progress of mankind.  It will give social leaders the ability to direct society  and an ability to help others with social/ecological progress.

Human capabilities are at present restricted by the way that we use money. The survival instinct of humans coupled with monetary use has been the cause of conflict and disruption throughout history, unless change is made it will continue.

CONTROL….is the objective of the proposed monetary system.

This control is the role of a central national bank.

The National Central bank is directed by and responsible to government

The integration of multiple countries using flow economics will give equal value to the currency of all participants.

 A central conversion bank staffed by the member states representatives with a link to the central banks/governments of all members ,will convert currency between states.

Conversion bank will give states an ability to monitor transactions between members, suppressing criminality and unsocial acts. Exchange rates linked to a minimum wage, will give equality of purchasing power to all members.

 Currency exchange through central government and exchange banks will enable the purchase of social requirement goods to the governments and population of other members.

The purchasers pay in their currency, the seller receives payment in his currency.

All international trade will go through members central bank and the international exchange bank.

THESE BASIC RULES WILL GIVE MONETARY CONTROL TO SOCIAL REPRESENTATION.

The currency of all members will have equal  value. The account of members purchases will be open to all governments

The exchange rate will be formulated on the  minimum wage of the members.

Rules and regulations will be necessary to enable functionality of the exchange bank

Control and accountability with a means to purchase social requirements from other members using members own currency will be the ultimate result of this exchange process

CENTRAL BANK

All citizens will have an account in central bank, it will consist of a credit account and a money account. Money held by people in their central account will have adjustment according to inflation/deflation:  Giving constant value to all money held in the account

CREDIT ACCOUNT.  An ANNUAL issue (this will prevent the saving of credits, only money is saved) of citizens credits is placed in everyone's account.  The amount will be tied to the minimum wage; e.g.-min weekly wage = 200 units  - -citizens issue at 50% will give everyone an income of 100 units.  Citizens employed will receive their wage plus a citizens annual income.  This will eliminate poverty and enhance the lifestyle of those who are employed.

When retirement age is reached citizens will receive the minimum wage plus their citizens income.  This will be the state pension for every citizen .giving social security to all.  Money will remain in the accounts of all participants and can only be spent as credits, conversion by central bank of money into credits will give governments the ability to account for all money and its use, this will restrict criminal/terrorist organizations and unsocial activity.  Citizens credits not spent in the issue period will be redundant when a new issue is made.

Central bank will hold the accounts of all registered private business separate from personal accounts.  Registered business will have through central bank the ability to convert credits to money as wages to employees and company profit. This will be transferred to employees account and held as money.

All money will be accountable-government will know where it is and what it is being used for

THERE WILL BE NO BANKING FEES-ALL BANKING WILL BE FREE TO USERS.

The following rules are basic, the system will require  further evaluation and change to make it to function with efficiency.

Monetary input by government, fuels society and eventually will reside in the accounts of individuals , or the profit accounts of traders in the market place.

These traders are , private or shareholder owned organisations.

The shareholder /investment organisations/companies are all for sale in our present market place.

The government because of flow economics have unlimited social input and will purchase all of the investments/shares of the market place at the current market price. The profits would then be under the control of government.

The profits made will be eliminated creating part of the output of  government input.

The banks, because they are at present public limited companies will under a socialisation of the market place  be renamed under the banner of CENTRAL BANK. (STAGE 1)

Everyone who has money will have it in the central bank account in the country of their residence/citizenship.

The money will remain in the account and be available to spend as credits.

Because those who presently supply mortgages are public companies , after government socialization they will be government directed organisations , there will be no interest on mortgages. this will give all citizens the ability to purchase a home using their credits or money.

To complete the output of money .Upon the death of the account holder all money in the account will be eliminated with an inheritance  factor to be determined by government.

Registered business and the family home will not be part of monetary elimination .

Further adjustment of the stated rules will be necessary as the new system is built to make it functional.

After socialization of the public companies and investment organizations the market place will be left with private business.

These companies will not be involved in monetary output , profit from these businesses will go into the accounts of the registered business./company and be converted by central bank into currency.

All registered business will pay no tax, no vat, no business rates and will be guaranteed to break even by government.

Bank loans to registered companies will be free of interest charges.

Those companies who fail to make a profit will be helped free of charge by government funded business advisory teams.

The labour force of those companies who can not be rescued by government business advisors and those companies no longer required by society will receive their normal wage and be retrained .No work force will have suffrage because of the demise of their employer.

This ability to diversify employment ( because government is fully funded ) to socially required industry ,without hardship to the workforce will enable the elimination of none required industry (the arms industry, tax collection etc ) .

There will NOT be an ability to exploit the cheap labour resources of other countries as production cost would be the same for labour. (exchange rate based on minimum wage will make this possible)

The United Nations Organization will have an account in the central bank of each member to purchase their requirements using un credits that will convert in central bank to members credits allowing purchase of goods for the U.N.   This will give full funding to the immediate needs of our planet under the united nations chosen direction.

PART FOUR

In this section I will give some examples of possible solutions to some of the many problems of our civilization. There are many problems that a flow economic system will solve or give improvement to.

GLOBAL CLIMATE CHANGE

FULL FUNDING FOR PROJECTS TO OFFSET GLOBAL CLIMATE CHANGE WILL BE AVAILABLE.

GOVERNMENTS COULD BUILD GOOD RAIL NETWORKS AND GIVE FREE RAIL  AND BUS SERVICES TO SOCIETY BOTH PASSENGER AND GOODS.

THE DEVELOPMENT OF ALTERNATIVE ENERGY RESOURCE AND CARBON CAPTURE PROGRAMS CAN BE IMPLEMENTED WITHOUT REFERENCE TO ECONOMIC VIABILITY, SOCIAL VIABILITY WOULD TAKE PREFERENCE.

ALL PROJECTS TO COMBAT CLIMATE CHANGE WOULD RECEIVE FULL FUNDING FOR RESEARCH, DEVELOPMENT AND IMPLEMENTATION .  THE ONLY LIMITS WOULD BE HUMAN INTELLECT AND LABOUR.

The people who cause environmental destruction could be paid to reinstate the forests and wildlife encroachment.

Solar power and other environmentally friendly energy production methods can be harnessed  because  cost would not be part of the equation ,only ability.

HEALTH SERVICES

Health services are one of the most important requirements in the development of humanity.  There is not one country on this planet that can claim a fully funded socially equal health service.

Using flow economics, all members will have the chance to build equal health capability, free of monetary charge to their people.   The fully funded education system will supply the staff to make this possible in all countries.

Technological interchange e.g. drugs, knowledge medical breakthroughs will flow freely from one member to another without the destructive search for profit we now encompass.

An example of the possibilities using flow economics:-

The building of required infrastructure HOSPITALS, GENERAL PRACTICE FACILITIES, CARE REQUIREMENTS FOR ALL THOSE WHO REQUIRE  SOCIAL ASSISTANCE  TO SUSTAIN A SATISFACTORY LIFESTYLE ALL THESE AND MORE SOCIAL REQUIREMENTS WILL BE POSSIBLE.

TENDERS TO BUILD INFRASTRUCTURE AND SUPPLY OTHER REQUISITES, INSTEAD OF THE CHEAPEST, AN ABILITY TO SELECT THE MOST ECOLOGICAL AND BEST QUALITY OF SERVICE AND INFRASTRUCTURE SUBMITTED WILL BE POSSIBLE

As with all social requirements. The full funding possibility to provide SOCIAL REQUIREMENT TO ALL will only be limited by ability and material resource.

HAVE A THOUGHT AS TO WHAT COULD BE ACHIEVED IN WORLD HEALTH SERVICES WITH FULLY FUNDED INFRASTRUCTURE .

EDUCATION

 An important part of our evolution is the ability to educate our children to assist them in achieving a way of life more acceptable than the one that you lived, giving them a future without the strife of  present generations.

Present education systems world wide are a mixture of social and religious indoctrination plus education.

A PEOPLES CHOICE I WOULD SAY

Education , a social fuel to be used for  benefit to the development of society .

Flow economics will give government the ability to educate  without restriction  in any society .

An example of possibility:- the construction of educational infrastructure that will provide education with residence for students who require it, all free of monetary charges, Free equipment for their educational use, a wage for attendance with incentive bonuses for achievement all this and more will be available to educate our children.

THE POWER OF MONEY IS DESTRUCTIVE, CONTROL OF THIS POWER IS ESSENTIAL TO GIVE ALL PEOPLE A BETTER WORLD

MONEY IS JUST NUMBERS ITS VALUE HAS AT PRESENT A MIXED VALUE BASED ON VARIOUS STANDARDS, ECONOMIC VALUES ARE CURRENT STANDARDS OF VALUE.

FLOW ECONOMICS WOULD USE A MINIMUM WAGE AS THE STANDARD FOR MONETARY VALUATION between members.

Flow economics is an idea ,not a laid out policy, it requires evaluation and change to make it a functional proposal .

I ask your help in this task.  It may give a means to change?. We all know that change is required, it is how to do it without hardship to others that is the difficult bit.

Flow economics is my contribution to the debate on answers to implement change for a better world for all people.