Naked Science Forum
On the Lighter Side => New Theories => Topic started by: birdzoom on 15/01/2011 04:24:25
-
The Holdbank Economy
1) You can only pay with card (individual card or card of a company)
2) Business bank accounts become portfolios and one company can have only one bank for its portfolio.
The bank is the owner of the company. Only banks can own companies or parts of it.
3) An individual can only have one individual bank account. His bank portfolio.
No more mess of accounts. Every transaction specifies GPS, Date and Time as well as scope of the product/service in terms of businesses/markets/economies...
4) Hold-iState is an institution that is regulated online. Anyone can and should be member and participate. This institution website lists the economical value of every single thing and displays its value in a universal currency (the hold-dollar) as well as the ratio that that represents regarding different markets.
It defines the needs for the markets and gives banks the percentages of money that is allowed to fund each market. Companies must trade under a specific market or submarket.
5) Companies are all owned by banks and banks are responsible to elect the executive directors boards for the companies in national assemblies. Banks, usually, can only invest in its economies/markets.
6) Members/citizens of the Hold-iState are responsible to set the businesses models for the companies that are owned by banks.
7) The profits of each company stay in the company. That means whoever in the company has access to the company money can use it within the scope of that business. No money from the company can be spent on other affairs or out of the scope of the business. The State enforces penalties for money of companies being spent out of the scope and logistics of the company.
8) Only money from salaries can be spent on anything whatsoever. People wealth is limited and regulated by the Hold-iState.
9) Only banks can buy in the stockmarket because all companies are owned by banks, only. And the listings of stock markets always use percentage values.
10) Bank assemblies can make decisions of companies based on the weight they own. Simple weighted vote.
Please search for my ideas. I'll post videos, in blogs, forums and am thinking in writing a book.
My model is called: "The Holdbank Economy"
-
Perhaps some day we'll have a unified global economy (and perhaps unified political system).
But, there are many things that cause individuals and individual countries to try to protect their turf.
First of all, a country like the USA is able to regulate our economy by taking measures to increase or decrease the monetary supply.
The European problem, in part, is that the political decisions (and needs) have been left with local control, but the money supply has not. So, an individual country no longer has that vital tool to regulate their own economy. So, if a country like Greece needs to increase their monetary supply, they end up taking out debt, rather than adding more currency. And, of course, the debt comes at a high price.
The other thing that happens is that the countries that control the currency essentially have unlimited buying power. So... say I produce little green bills & distribute the green bills to my people. Then, I tell a country like Russia that my little green bills are valuable and stable... and in fact demonstrate the stability of my currency by refusing to buy their currency, and thus crash their economy as their citizens see the relative value of their currency drop by 30x. So.. I convince them that the only way I'll trade with them is if they buy my green bills in trade for their products, at which point they can then trade the bills back for my products. For such an economy to work, they have to purchase billions of dollars worth of my currency in trade for their goods. What happens is that the first country ends up exporting green paper in exchange for durable goods.
What does inflation do? It forces the other countries to buy more green paper.
You can imagine the disincentive for the green paper country to change such an economy.
Personally I don't think governments should be in the debt business. They should be able to manage their own economies, and their own monetary supply without paying ludicrous interest payments... or transferring "paper" IOU's from department to department. Who wins from banks essentially owning the Federal Reserve... and loaning billions of dollars to the US Government that has essentially created the Federal Reserve?
The global currency, of course, would fix some of this. But, then there would have to be an equitable method to inject little amounts of currency throughout the global economy. And the checks and balances would need to be intense. However, the cost to the "rich countries", i.e. those that own the biggest printing presses, would be tremendous.
Now... the accumulation of wealth is hard to prevent. And there really is no such thing as "pure wages". Who pays them? How is it determined?
Say I purchase a "new" car for a price. Then I should be able to sell the old car for an equitable value. Likewise, if I own a house, and decide to upgrade or downgrade, I should be able to sell it. In fact, the entire economy is not based on wages, but the buying and selling of goods and supplies.
What has happened to create the "super-wealthy" is a shift from durable goods to vapor-goods, and then mass market these.
So, for example, a football player can sell a football game to 7 Billion people for 0.1 cents each. And, it turns out to rake in $7 Million to that player.
Now, you might sit back and say that that is a form of taxation that you don't agree to. So you refuse to watch the game.
However... while reading a book, you happen to drink a Coke. And... even though you personally refused to watch the game, Coke charges you an extra 0.1 cent, and gives it to the football player. And, there is nothing you can do about it, except drinking a Pepsi. Except Pepsi sends the same 0.1 cent off to someone else.
And, how can they justify it? Because Coke & Pepsi's advertising money convinced you not to purchase RC Cola (at least in theory).
Debt is a burden to all.
If one had a stable population. Then the number of grandparents would be equal to the grandchildren. And one could essentially keep the equity in the houses in the family. In a growth economy, people are forced to take out new crippling housing loans that often take their whole lives to pay off (or in some cases they choose to never pay them off).
-
I think the Euro has demonstrated that a single currency is fraught with all manner of problems.
For a single currency to work, you must first attain worldwide parity on prices and incomes.
But before you even start on such a venture, you will need political and religious harmony. There are two chances of this happening: None and bugger all.
-
I think the Euro has demonstrated that a single currency is fraught with all manner of problems.
For a single currency to work, you must first attain worldwide parity on prices and incomes.
But before you even start on such a venture, you will need political and religious harmony. There are two chances of this happening: None and bugger all.
Oh dear! I was afraid that might happen. I think Don's taken one of 'is turns [;D]
A serious question - I'm wondering if the recent downturn in the Irish economy was worsened because Ireland had adopted the Euro. Any economists in the house?
-
Oh dear! I was afraid that might happen. I think Don's taken one of 'is turns [;D]
Stone the crows, most people are accused of having a 'turn' when they have a silly half hour. I get it when I have sensible one! What does this tell you about me.... (https://www.thenakedscientists.com/forum/proxy.php?request=http%3A%2F%2Fwww.freesmileys.org%2Fsmileys%2Fsmiley-rolleyes003.gif&hash=c3ba5bd524d50811c8c81d2da0bfb906) (http://www.freesmileys.org/smileys.php)