In order to have an orderly post euro (and post dollar) transition, we
propose these measures.
1. All banks will be nationalized. They needed more than 20 trillion dollars
in handouts and easy credit from Central Banks and Governments and are still all
under water. Shareholders will not be reimbursed, their property is
worthless.
A full investigation into the activities of these banks is
ordered. Senior staff and management will be prosecuted where necessary.
2. All interest payments by and to these banks will be frozen. Since banks
create the money they lend out through fractional reserve banking, they don’t
need interest payments. An average mortgage of 200.000 costs up to 300.000 in
interest payments during the thirty years the loan is payed off. If this money
represents the ‘costs’ of the bank for providing the loan, these organizations
must be among the most inefficient known to man.
3. All financial products, including derivatives, will be frozen. Within a
year there will be a final decision on what to do with them, but a minimum of
95% of them will be canceled. There will be no reimbursements. Where necessary
speculators will be burnt.
4. All real debts, mortgages, business loans, personal credit, the national
debt, will be maintained and repayment according to contract, but excluding
interest, is ordered in full. The real costs of managing these debts will be
passed on to the debtor. Odious debts will be forgiven.
5. All Central Banks will be closed. Where necessary, their operations will
be taken over by independent commissions and within a year they will be
terminated.
6. All income tax will be abolished. The State will finance itself by taxing
wealth and consumption of non essential goods and services.
7. All Banking families will immediately give full disclosure on their asset
positions and records. Their activities will be investigated and when necessary
they will be prosecuted. All their assets will be disowned.
All these assets
will be centralized in a Trust, in which every citizen of the world has one
share and one vote. These shares will not be tradable for the first year. We
will provide all with the means and information necessary to exercise the rights
associated with this share and vote. Within a year a number of scenarios for the
liquidation of this trust will be proposed. A referendum will take place to
decide which plan is best.
8. A legal framework for a free market of currencies is ordered within a
year. This framework will be concise but will make clear that:
a. Governments
will accept payment of taxes in these currencies when there turnover is
sufficient for Government to spend the income of taxes in a useful manner.
b.
Manipulation of these currencies, either by insiders or outsiders will be
severely punished.
c. All currencies will be given free access, metal- or
credit based or debt free. For Profit, or not for profit.
d. The prohibition
of fractional reserve banking, to avoid insolvency of credit facilities. Credit
will be created on a mutual credit basis.
The economy needs a free market for
currencies, so that the most efficient will thrive.
9. A full investigation into the manipulation of the gold market is ordered.
The culprits will be punished, fines will exceed the profits obtained with these
frauds.
10. We the people take responsibility for having allowed this financial
system to happen. The useful idiots within the system will therefore be treated
with leniency, if they cooperate in the full disclosure of these operations.
11. A concise but comprehensive education program on the fundamentals of
money will provided to all. We will again never allow ignorance to be exploited
again.
12. All destruction of evidence as of now will be severely punished.
With these measures we will achieve the following:
- An immediate end of the wealth transfer from the many to the few through
interest.
- An immediate end to poverty all over the world.
- A massive
decentralization of economic power to the peoples of the world.
- An
immediate end to the depression.
- An immediate end to the most destabilizing
and warmongering class: the plutocracy.
- A solid and stable financial
system, costing no more than 1% of GDP, providing the economy with the liquidity
it needs.
Fonte:
http://realcurrencies.wordpress.com/2011/10/23/the-wolfson-prize-i-win/
