Now that the basic concept have been established in Part 1, now let us see how it can be implemented in the real world.
Money have become virtual, it is just numbers stored on a computer. Hence software applications basically add and subtract numbers between bank accounts and keep records of the transactions. When it comes to international money transfers the procedure of adding and subtracting of numbers between bank accounts is exactly the same. What if we could exploit this concept and finally start solving our financial problems.
International money transfers works where one bank requests another bank to perform a specific transaction. Example: A bank in America connects to a bank in Africa and request that the African bank add an amount to a specific account. Then when the African bank have done this then the American bank then subtracts the amount from their account.
So did money really get transferred or did computers merely performed a simple mathematical procedure? Assuming that a simple mathematical procedure have been executed, then an exploitation can then take place.
First we need to select a country to be the host of The Bank of Atlantis. Then when one have been selected, than an actual bank will have to be build. Except for a few regulations and procedures this newly established bank will still need to comply with international banking standards.
While construction is being completed, employees will also be trained to operate the new banking system. And then when the The Bank of Atlantis have been successfully constructed, we can start solving the world economic crisis as well as other problems we are financially facing.
Now that we have a bank being constructed, staff being trained, now let us work at the software exploitation. Again money have become virtual, numbers stored on a computer and shifted around by executing basic mathematical procedures. So before The Bank of Atlantis connects to the rest of the world, we have to redefine the rules by which it is being governed.
When it comes to the balance of a bank or a specific account then it is based on actual money that have been transacted upon. Basically it translates into the concept that what you have in your account is money that have been deposited into your account, so in essence it must have come from somewhere. This concept works well, but unfortunately due to current financial crisis we need to recreate our concept of money and its origins.
So instead of having to receive actual money from somewhere, the The Bank of Atlantis should now be allowed to set its balance to whatever it needs it to be. Example: If it needs an opening balance of 1 Trillion, then it can set their account to that amount without having the physical money to show for it. And when in the future it needs a bigger budget, then The Bank of Atlantis is allowed to set its balance to the required amount without having the physical money to show for it.
Again remember that money today is numbers stored on a computer, so we as creators of financial rules and regulations can change the origins and implementation of money.
Now that we have all the above mentioned requirements in place, the actual bank, the staff, and the opening balance of 1 Trillion it is now time to start operations.
So starting at Level 1, a money transfer of 1 Billion takes place to every country of the world. That way countries can start to solve some of the problems. After the initial transfers have taken place, The Bank of Atlantis now resets its account balance to 1 Trillion or to whatever amount is required.
Then at Level 2, another division or department at the The Bank of Atlantis is in control of ensuring that countries here truly do away with all taxes. The Bank of Atlantis then sets their account balance to whatever amount is needed to cover the amount a specific country would have received from taxes and initiate a money transfer for that amount.
Then at Level 3, yet another division or department at the The Bank of Atlantis is in control of ensuring that countries share money with its citizens. Again here The Bank of Atlantis sets their account to whatever amount is needed to cover the amount in question in order to distribute financial wealth to every citizen in a specific country at Level 3. This amount could also include financial support for other government projects and schemes.
Money have become virtual, it is just numbers stored on a computer, so we as creators of financial rules and regulations can change the origins and implementation of money.
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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