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1. all PERSONAL DEBTS in International (Pounds) money are are wiped from the banking system and all credits are converted to Engros on a balance multiplied by 2 basis.

2. All BUSINESS DEBTS in Pound-type-money are wiped from the banking system and credits remain as Pounds, again, multiplied by 2.

3. All Existing Cash under the mattress will be exchangeable for twice as many Engros (as the paper Pound will disappear – business should have no use for cash in a modern society).

4. All government bond debts are similarly cancelled. All government bond holders receive bond-value x 2 in International Money of whatever denomination (every country simply prints it in effect).

5. Charging and receiving interest on Engros is outlawed as usury.

6. Seizing Engros to pay business interest or loans would also be outlawed.

7. Charging and receiving interest on Pounds is left to the “free market”.

8. All shares on all exchanges remain in whatever International Money they are held in.

9. Internal exchange rates for Engro to Pounds are set by government and are envisaged to be extremely stable.

10. All increases in the internal money supply in Engros is routed through the population in the form of:

11. Introduction of the National-Income for EVERY legal citizen in the country with special rules and conditions and protection for under 18s, pensioners and the certifiably unable to work. The first payment to be made (or made available in cash) on debt jubilee day requiring the override proviso being that you MUST be “working” or in work as the payments will be made via your employer (see later explanation):

12. Scrapping of all benefits/tax credits etc for those able to work.

13. Governments supplying direct credit or loans (in Pounds or Engros) to business and especially banks is also outlawed.

14. All Paper Pounds & coins are withdrawn from circulation during a set period until:

15. Engro to Pounds conversion is only available via government owned banks.

16. A new taxation system is introduced. There would only be 2 taxes. a) VAT. b) Engro / Pound Exchange tax.

17. For international import businesses selling locally taxation would occur at the point where Engros are exchanged for Pounds (for use in buying more imports). For international businesses exporting goods and receiving payment in either Pounds or another currency, corporate taxation would effectively be zero at that point, encouraging export over import. For local businesses taxation would be via “differential VAT”(not explained here). Improving tax take and encouraging smaller businesses. Taxation occurs on wages that are paid by using Pounds as the source when they are converted by the company to Engros. Taxation on pure Engro wages are not taxed at source but through VAT.

     

As a pleb with a pocket calculator I can work out that our current growth-to-survive and money systems will fail within about 30-50 years. We are hitting the top end of an exponential rising curve, the part where it literally starts going straight up.

See this for an idea of the increases recently

We are still told that we need world wide growth to solve the recession problem. Europe has just allocated nearly 1Trillion Euros to “lend” to EU countries. The US needs even more trillions to keep going. All over the world every country is saying “we must export more to solve the debt problem” Who to? Is the pertinent question. Who is going to buy all these products?

The start of the answer to the question has to be a personal, national and international Debt Jubilee or Global Default on loans if you prefer. Currently money is out of control, there is not enough money neither will there ever BE enough money to repay all these trillions of global debt. There is of course a downside to global debt default when using current thinking - it would wipe out our banking systems and our means of paying for everything, even water, food and heat the necessities for life.

So a controlled way has to be found

“Personal / internal” (The Engro/Scotro.Welshro/Frenchro/Greecero, Amero) money and “business / Investment” (The Pound, The Euro, The Dollar etc.) money separation. For this discussion I will use the Engro and the Pound.

The debt jubilee has to coincide with the introduction of something like the Engro and the removal from commercial banks of the ability to create the local Engro money that is used for general trading within a countries borders This right should return to government owned central banks who can create debt free Engros i.e. it does not have to be borrowed into existence and they never have to be paid back except as taxes. It is simply created and credited to accounts as needed. I think this used to be called “the money supply” and was controlled to avoid the situation that we have now. The Engro would be exchangeable for The Pound only (International business money). Which are exchangeable for Euros/Dollars etc.

Tomorrow: Inside a country on the Debt Jubilee Day (DJD) must award it an acronym :).

Haven’t done any book writing this week - been too busy bug-fixing DespatchPal and fitting solar panels in an attempt to mitigate the latest increases in electricity prices. The first panels  are complete so now the office lighting and the  low-power kit like switches are supplied by solar and are running for free.  Yippee. Payback time just dropped by 16% as we are supplied by E-on who are the latest to up the ante.

The panels are from a Maplin lighting kit that is/was reduced to a sensible price. I bought enough of them to link them up and produce 120 watts of PV electricity. Given that JUST a solar panel of 120watt capacity is £829.00 I have the panels and the batteries and the light bulbs AND the controllers for under £500.00 - Bargain

Traditionally I am supposed to say “Hello World”, so I just did.  My first thought  was to  start with “I always thought there was a book in me”  and I haven’t changed my mind. I’m sure that the saying “there is a book in everyone” is correct,  it’s just hiding underneath the will or motivation to write each page out.

I also remember reading that you only need to write one page a day, the result of a years pages being a whole book (365 pages long surprise, surprise!).  Personally my problem will be finishing it or even maintaining a page a day given my programming commitments, my money making attempts, linked to an overriding need to get out of debt and beat the “credit-crunch”, and my liking for the local watering hole.

Keeping it on topic (if there is to be an overriding topic) will tax my natural tendency to ramble and digress into any subject that has annoyed or interested me.  If I write the page  after a visit to the watering hole then this tendency will really come to the front - boy do I know everything about anything!

The problem with writing “a book” is that it seems real authors actually plan the whole thing! They get a “book idea” decide on a ending, a middle, some characters and then arrive at a beginning, filling in the dialogue and padding out the story with detail as they go.   Hmm.   I don’t have an ending in mind, I don’t have any characters except myself and my friends and family.  I do have a start - “The Introduction” (this is it) Page 1. or page (i) . No that’s wrong too, I need a copyright page! So the first thing to write should be that. So here goes:

Page (i)

Copyright 2008-10

First published by Keyboard, Wordpress and Blog

Whoo hoo! I’ve done today’s page. I going for a second! The dedication page!! (Note  dedication pages never have a page number).

To Georgina.

Double Whoo hoo! (Whoo hoo! Whoo hoo!) Two pages done.

Page (i+1) Tomorrow, when I will try discover the main topic or possibly even a story line and complete the intro.