So here we are, companies going down, people losing their homes and jobs, and so much more just because we are currently using a system that was started way back in the dark ages. And if you are a programmer you would know that this system is stuck in an infinite loop and it is now time to restart and redesign the entire concept of what we are trying to achieve. Hopefully the current financial situation can be solved using the following concept.
The current financial system works as follow. People earn money, they pay taxes and have to try and make a living with what they have at their disposal. The taxes that the government receives is used to run the country. Simple is it not.
But the problem we are facing is that as soon as one thing goes up, everything else goes up as well. This includes living expenses, food, transportation, and yes even taxes. The only thing that seems to stay the same and even reduce is peoples income and financial resources. This is where the infinite loop starts and the system is starting to crash.
If a new system could be designed, then the concept of what money is and where it comes from should be redefined in the new system. A simple design is to create 3 levels and build concepts at each level. But the main concept framework or design would be where the money comes from.
Money in essence is what people use to get things they need and want, and maybe save for things to come. The same goes for governments when it comes to running a country. But again what has to change is where the money comes from.
As citizens of a country money comes from working, receiving it from other people like family members, friends, and even going to the bank and asking for it. Other streams of income also exists.
Governments on the other hand get financial resources by taxing its citizens, as well as asking for money from other countries and banks. Here other streams of income also exists.
Now in redesigning the current system we have to start at the top and let it flow downwards to the people.
The New Concept
We are living in this world, and we get the change the rules. We created the rules when it came to financial systems, and we get to change it. If we are unable to change it, then who is running the show?
Keep the above rule question in mind when reading the rest of this concept.
What if we created a fictitious country and name it Atlantis. Then as an established country we startup a bank and called it The Bank of Atlantis. Most likely this is where people start laughing and stop reading mainly because they will think that this is a joke or it is the most stupid idea they heard this year. For the rest, please keep reading and thank you for keeping the above mentioned rule question in mind.
Now that we have Atlantis, let us make it so that The Bank of Atlantis has unlimited financial resources. What could we as creators of financial systems do with such an immense pool of possibilities. Solve the worlds financial crises, eliminate poverty, maybe solve many other problems? What can we do? Well let us start with Level 1 and go from there.
Let us be generous and transfer a fixed amount of funds every year from The Bank of Atlantis to every country in the world. A good amount would be a total of 1 Billion to every country.
Here Policy makers can decide what to do with unstable countries and countries at war. But in general every country gets a piece and continue to operate as normal.
This is where countries can get a bigger piece of the action by doing away with all taxes. The idea is simple. The money the governments would have received from taxpayers now they will receive that amount from The Bank of Atlantis. And as an added bonus to be at level 2 would be that The Bank of Atlantis will financially help in case of natural disasters.
Here Policy makers can decide what the requirements are when countries want to level up. But in general no more taxes and countries continue to operate as normal.
This could be considered the Golden Age level where the governments get even a bigger piece of the action by distributing the wealth with its citizens. Like level 1 where every country gets money, now every citizen gets an even amount of money every month. This includes rich, poor, convicted criminals, everyone, if you are alive then you are included - No discrimination.
And with this level many other things are covered by The Bank of Atlantis, for instance:
- Free Education
Citizens now only have to start paying for further education like University.
- Free Health Care
Hence hospitals now can afford the latest technology without transferring the costs over to the patients. Just have a look at what Sathya Sai Baba have done for his community and the world at large, and this before "The Bank of Atlantis" concept is considered as a viable/possible solution.
- Water Purification
This will be a special fund where governments can now start projects to purify sea water for human consumption and crop irrigation. And of course to make water free.
- Energy Generation
Yet another special fund where governments can start renewable energy projects. And of course to make energy use free of charge.
- Additional Projects
To get a glimpse of things to come then read 2012 and Beyond. Also have a look at The Venus Project for additional project ideas.
We are living in this world, and we get the change the rules. We created the rules when it came to financial systems, and we get to change it once more.
We as creators of financial rules are able to change it by creating a fictitious country as well as a fictitious bank with unlimited financial resources at its disposal. Thus we are able to exploit technology and solve most of our problems by thinking differently as to where money actually comes from. Is money tangible objects or have money merely become numbers stored on a computer?
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N.G van der Westhuizen is a software developer currently working on an Extremely Awesome Lotto database application.
W.E.C Solution (v1.0): Download
Solving the World Economic Crisis: Part III
Solving the World Economic Crisis: Part IV
Solving the World Economic Crisis: Part V
Everything Still Costs the Same