The reason debt to GDP ratios have continued to grow worldwide is that there isn’t enough money…
..money is created by debt…
..debt has to increase more than GDP because GDP can only increase by the return on debt
We can not expect to have a functional economic science without establishing a basic economic unit, a global non zero per capita
This is accomplished by simply allowing each adult human on the planet to claim an equal Share of the foundation of our global economic system, in exchange for cooperation with society and accepting a local social contract
Since the foundation of a fiat currency system is debt, “full faith and credit,” we can divide and distribute this foundation without cost, and provide a limit with the same rule
Considering a reasonable limit; to provide each a sustainable income of £1,000/month, there will need to exist a corresponding £1,000,000 of capital returning a sustainable 1.25%… (that is estimated to be about eight to thirty times what currently exists)
So a per capita limit for money creation of £1,000,000 is established by granting each a limited right to loan £1,000,000 into existence…
..and to assure prudent investment of this common capital, these Shares shall be committed to trust with a local deposit bank, and the investment administered by local fiduciaries and actuaries
This global economic enfranchisement provides a stable and inclusive foundation for our shared global economic system, a secure quantum of capital for each, as well as ownership of an equal Share of the means of production
The secure capital is a Shared right to loan money into existence for secure sovereign debt, ultimately, money is the means of production…
..enfranchisement will return to each an equal share of the interest paid to create money…
..a functional tax on global capital, paid directly to each, through their bank…
..without administration, assessments or collections, beyond borrowing and making the payments
Thanks for your kind indulgence
