If inclusion, stability, and sustainability are the concerns, what should top the Central Banker’s agenda is global economic enfranchisement
An inclusive global economic system must necessarily include each in the creation of money, since that is the foundation of a fiat backed currency system
If discussion is about the global system, it will be useful if they observe the simple fact there isn’t enough money in existence to support a sustainable and inclusive global economic system
In order for each to sustainably receive an income of $1,000/month, there will need to exist a corresponding $1,000,000 in capital producing a sustainable 1.25%… below a sustainable growth rate… and seven or nine billion million dollars of capital does not exist… estimates are an eighth to a thirtieth or so (simplistic, but functionally valid, frequency offset by the many who command more than $1,000/month)
We can rather easily include each in the creation of money, place a per capita limit on the creation of money, create the potential for sufficient money to exist, provide ubiquitous access to sustainably priced credit for investment in secure sovereign debt, globally, proportional to population, stabilize exchange and trade, along with a global basic income.. among other residual benefits…
..by allowing each adult human on the planet to claim an equal Share of the fiat credit that backs our global currencies, a limited right to loan $1,000,000 USD equivalent into existence exclusively for the purchase of secure sovereign debt at a fixed sovereign rate, as part of an actual social contract
This scarcely effects the function of central banks, only that instead of creating money, or overseeing the creation of money, central banks will borrow money into existence from these billions of individual trust accounts, administered by local fiduciaries and actuaries…
..and the interest paid on global sovereign debt will be divided equally and paid directly to each sovereign individual who accepts a local social contract, as compensation for the full faith and credit they supply to back the currency, and their pledge to cooperate with society
In this way a sufficient per capita based money supply may be created from the full faith and credit of each, with the value of currencies demonstrated by the payment of interest, which supports the system with a guaranteed flow of currency through each
It really is a valuable and useful structure, which reveals more advantage on closer examination, reflecting the advantage of an inclusive economic system… and there is no appreciable cost to distributing a limited right to loan money into existence, to any number of people… making “per capita” a far more functional and valid metric… including the voice/data of each in the direction of humanity
To reference recent economic revelations, and a suggestion for a global tax on capital; global economic enfranchisement acts as a functional tax on capital by claiming a tribute of interest on all public investment, without any of the administration involved with valuations, collections, and avoidances
Unlike the popular Basic Income discussions demanding a specific welfare payment be made to each, the income provided by enfranchisement reflect the system’s ability and desire to rent sufficient money, determined by the market and paid through the banking system, additional individual support needed is a matter for the social contracts (which may certainly be another basic income, if desired)
Current global sovereign debt, converted to Shares, will return about $20/month to each, while displacing around two hundred trillion currently backing sovereign debt, which will need to be reinvested in commercial capital…
..as sovereign debt will no longer be an individual investment option, though this structure will distribute the economic stability of state equally to each, instead of allowing this flow of wealth produced by each to be monopolized by the wealthy.. this is inclusion.. and a system of plenty
Thanks for your kind indulgence
