Printing Money: The Last Refuge of Failed Economic Empires and Banana Republics
Economics — By admin on November 21, 2010 at 11:55 amThe people at Xtranormal tackle the Federal Reserve’s “Quantitative Easing” 2, which basically means printing money when all other options are exhausted. Desperate measures for desperate times.
Tags: Inflation, Printing Money, QE2, Quantitative Easing
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Printing more money is not the solution to create more employment, because the money will continually go to the wrong people who already have enough.
The solution below was created for Russian chronic unemployment in their Caucaus area. this solution will also prevent mass unemployment between 2015 and 2030 when our oil age comes to an end in 2030.
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The Financial concept of “Work Credits”
The Financial concept of “Work Credits” and how they will work to avoid massive worldwide unemployment, poverty and homelessness between 2020 and 2030.
Under a “Work Credit” based society a country’s population is valued as its most important natural resource. People are assigned a value that becomes the basis of a country’s money supply. People are paid to do work that contributes to their community, city, state and country, what ever it may be at their particular stage in life.
(The money supply can also add other desired elements such as gold, silver, diamonds, gas, oil, uranium, rare earth minerals, coca beans, food or water as determined by an international council. However for the purpose of this comment people will be used as the sole basis of a country’s money supply.)
People who are unable to find work with existing companies or the government will be paid to create their own entrepreneurial projects. Between 2020 and 2030 many existing companies dependent on cheap fossil fuels will disappear and new ones will be created to take their place.
“Work Credits” are paid out in accordance to the demand of the service required. People’s natural greed will fill positions in society that pay more “Work Credits”.
There are always sufficient funds in a country to pay people to do work that benefits their community, city, state and country, because the people are the basis for their money supply.
The concept of “Work Credits” eliminates unemployment, homelessness and poverty in the country.
It is impossible to have unemployment in a country whose financial structure is changed to “Work Credits” because the very existence of people in a country is the basis for their money supply.
At the moment there is no retirement age in a “Work Credit” society. People must continue to work until the day they die. The benefit is that there is always money to pay people to do work that contributes to their community, city, state and country, what ever it may be at their particular stage in life.
Children are paid to go to school from kindergarten to grade 12, and to continue their education by going to college or university. A child’s job is to go to school, learn and do their homework. An educated individual is a country’s greatest asset and the financial concept of “Work Credits” now acknowledges this. One parent or grand parent may stay home and be paid to watch their children / grandchildren from 0 to 4 years. This is their job to benefit their community.
People are the only things that need money in a modern economy, so it only makes sense that people become the basis of their country’s money supply. How can it be any other way? Countries who adopt the financial concept of “Work Credits” are the countries that will lead the world in productivity and security between 2020 and 2030.
Under a “Work Credit” based financial system the country’s money supply is valued independently of energy and other natural resources. This means that a country will always have a sufficient money supply to pay its citizens to do work to benefit their community, city, state and country independent of energy supplies and mineral resources.
To learn more these white papers have been written and distributed to Russian President Dmitry Medvedev, American President Barack Obama and Canadian Prime Minister Stephen Harper.
Governments worldwide recognize that changes must be made to the current financial systems of developed countries or else they will collapse by 2030. This was proven to be true during the oil crisis of 2008 and 2009. For reference: Life after the oil crash: http://lifeaftertheoilcrash.net/
Work Credits – A New Global Currency
2 titles – 1 English, 1 Russian
“Work Credits – A New Global Currency” introduces a new global financial instrument that will help governments worldwide sidestep the collapse of world financial markets when the oil crash occurs in 2015 – 2030. This document has already been delivered to Russian President Dmitry Medvedev, American President Barack Obama, Canadian Prime Minister Stephen Harper and UNESCO – United Nations Educational, Scientific and Cultural Organization. This document outlines how unemployment, homelessness and poverty can be eradicated around the world, regardless of energy dependency on oil and natural gas. The solution is much simpler than most people may think and is applicable in every community, city and country on Earth
English Version
http://www.ereadable.com/scripts/browse.asp?ref=1414904665
Russian Version
http://www.ereadable.com/scripts/browse.asp?ref=1414904673
Arnold Vinette
Ottawa, Canada