About
Now that the basic concept have been established in
Part 1,
now let us see how it can be implemented in the real world.
Software Exploitation
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.
Physical Implementation
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.
Virtual Currency
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.
Operational Theory
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.
Conclusion
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.
Share Your Thoughts
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Author Bio:
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
Additional Reading
Everything Still Costs the Same