Solution A) A New Dollar Hedged by a Basket of Goods
I intend to introduce a new US Dollar in print, and in Crypto Currency, backed by a Basket of Goods. The Basket of Goods will include, but is not limited to, a weighted sum of Soy, Corn, Silicon, Natural Gas, Oil, Precious Metals, Cement, Steel, etc. The secret sauce is in the formula for correlating the prices of goods in the basket by some quantum dynamics formulas. The spooky science that Max Born came up with for description of Quantum Mechanics fits the description of Economic Chaos of our times. The future or the New US Dollar will be equivalent to a weighted sum of those goods in the basket.
The net effect is that we shall create a $200 Trillion USD, quantify the debt and liabilities, will have Trump negotiate and pay off all the unfounded liabilities at a discount, and start the economic game once again.
By leaving the current Petro Dollar in favor of the New US Dollar, would be equivalent to filing for chapter 7 bankruptcy.
The United States of America has declared bankruptcy twice before: First US Bankruptcy was in 1931-1933 when US banned trading of Gold Coins for international trading, issued a Gold based US Dollar such that every ounce of Gold was equivalent to $32.5 Dollars; Second US Bankruptcy occurred in 1971-1973 when President Nixon decoupled US Dollar from the Gold base, and introduced Petro Dollar by essentially backing USD with the oil reserves of Saudi Arabia. I intend to, in effect, have the Federal Government file for a chapter-7 Bankruptcy when I introduce the new US Dollar. The problem with the two previous bankruptcies was that the Government allowed the FED to continue with its corruptive behavior. And so the FED made even bigger problems in post bankruptcies era. WE The People will NOT let the FED continue with its corruptive behavior.
But under the New US Dollar, we cannot allow the FED to continue and make the same kind of mistakes as the FED did over the past 100 years. We shall replace the FED with a Decentralized Entity where the working people of America will be in charge of decision making. We will change the rules of the Game so that our kids would not face the economic problems we faced in the past 104 years. We will change the rules of finance, such that everyone in US would have access to easy uninterrupted finance to start and grow a business.
Replacing the Federal Reserve Bank? Yes, because in a thriving and growing economy, 33% of GDP should come from manufacturing industry, and 10% from financial industry. However, at the present time in US GDP the above ratio is reversed. Less than 9% of GDP comes from manufacturing industry, and about 35% of GDP comes from the financial and related industry. This is pathetic. 70,000 manufacturing companies have left US.
Meanwhile since 2009, the GDP grew by 38%, the wages remained stagnant, while the stocks went up by 331% since. Go Figure. Central Banks led by the FED have hijacked the Free Markets by printing $23 Trillion bailout money, given it to their friends in Wall Street (those who meet with the FED executives between 12:00 midnight and 4:00 a.m.), have almost privatized the Stock Market, and have suppressed any prospect wage growth in US. The bubble will burst along with a huge “Credit Freeze and Banking Apocalypse.”#WeThePeople will pay the price for all the faulty consequences of FED’s Quantitative Easing and its Ponzi balance sheet. I hate it when the Big Bank executives come on TV and pretend like they are the Geniuses, much smarter than the rest of us, as if they have better Genes than the rest of us.
Meanwhile Wyoming is challenging the FED policies:
https://lnkd.in/eKtAN8W your Please try to find my articles and postings on LinkedIn about the FED, its Inefficiencies, and its Oligarchy. You may have to cut and paste the links into Browser. Also watch Behzad Imani two minute video on YouTube.
Solution B) Micro Banks Replacing the Old Dinosaur Banks
As illustrated above, Micro Banks can be established by any set or subset of people who want to engage into banking with each other. Micro Banks will eliminate the role of Third Party Bakers. For Example, people of a City or a County might want to engage into banking with one other. Micro Banks will give them all of the “Back End” necessary for such banking relationships. I will give these people a Banking as a Platform (BaaP) using their cell phones, thus I called it “Cell Bank”. Any group of people can use their cell phones to form Micro Banks. The objective is to break up the 7 Big Banks into much smaller entities.
Since 2008, over 1500 small and medium size banks went out of business and their assets at $0.1/Dollar were gabbled up by the big banks of New York whom Obama bailed out. So in effect, by having the FED printing money out of the thin air at lightning speed, and giving it to the Big Banks, Obama empowered the big banks of New York, the Bilderberg community, and the “too big to fail / too big to jail” to become even bigger entities and escape prosecution from the law enforcement at any time in the future. In short, Obama rewarded the Arsonist who set the financial industry on fire! As a result of bailouts, he made American people poorer while he made the Banking / Financial and Insurance companies of New York, and their friends like Bezos, even richer.
Okay, what is the solution?
With 100 software engineers for one year, I can come up with a banking and insurance platform (Banking as a Platform, or Cell Bank) that will empower and will enable American people to claim back their financial sovereignty from the Big Banks and Big Insurance companies of New York.
Enclosed (Scroll down to Micro Banks) please find a cross states, cross border banking as a Platform (BaaP) that I came up with in 2015. This platform will enable all communities, churches, counties, cities, mid to small size businesses, even large corporations to create their own micro banks, banking services and insurance services. It will bring global banking to their fingertips. Most important, the White (49.7% of population) Christian majority in the flyover (ignored) States, can claim back the banking system and their daily business affairs from those whom Obama empowered. This platform enables Americans to break up the Big Banks and empower themselves and empower their local communities and businesses. I called the Banking as a Platform as “Cell Bank” because this Banking as a Platform will place Global Banking at the fingertips, cell phones, of American people without any intermediary. Any group of people can get together and create a local Micro Bank using the Cell Bank platform.
Furthermore, the platform enables cities, counties, communities or any subset of the population to form their own cross border, cross states, micro insurance companies and repeal Obama Care.
For example, we have ~3200 Counties in USA. So we can empower the people of those counties to have at least one micro bank and one micro insurance company per county, run by the people of those counties for the benefit of those counties. Small and medium size businesses can have their own micro bank and micro insurance companies, etc…
We The People are tired of the Elites running our Banking and Insurance businesses in all 50 States while transferring the fruits of our work, our wealth, by “the boom and bust economic cycles” they engineer.
For the record, Micro Banks will create a large number of community banks, county banks, state banks, corporate banks, etc. equipped with Artificial Intelligence and Machine Learning will substitute the Big Banks and Federal Reserve Banking system. We have the circuit design for the network architecture accomplishing this task of replacing the FED and the Big Banks.
Imani’s solution, My solution, is a combination of solution A and Solution B.
Plan of Action: I will assemble a large number of Macro Economist, Statisticians, Financial Experts, Commodity Traders, Money and Currency Exchange Experts as well as Data Scientists, Artificial Intelligence Experts, and Software Engineers to execute the above tasks. I have designated them all but for now would not reveal their names until Replace The FED gains momentum. Everybody reading this text is also welcome to join in. Experts from Hoover Institute are welcome to join and have an active role.
Solution C) CIA’s Solution by Jim Rickards, A New Dollar Based on International Monetary Fund IMF Currency SDR
SDR stands for Special Drawing Rights, is a basket of currencies, a weighted average of currencies that includes the US dollar, Euro, the Chinese renminbi, Japanese yen, and British pound sterling. SDR can be thought of as a “measurement tape” rather than a basket of currencies for evaluating the world economy.
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold which, at the time, was also equivalent to one US dollar. After the collapse of the Bretton Woods system in 1973, the SDR was redefined as a basket of currencies. Effective October 1, 2016 the SDR basket consists of the US dollar, euro, the Chinese renminbi, Japanese yen, and British pound sterling.
The value of the SDR in terms of the US dollar is determined daily and posted on the IMF’s website. It is calculated as the sum of specific amounts of each basket currency valued in US dollars, based on the spot exchange rates observed at around noon London time.
The basket composition is reviewed every five years by the Executive Board, or earlier if the IMF finds changed circumstances warrant an earlier review, to ensure that it reflects the relative importance of currencies in the world’s trading and financial systems. In the most recent review (concluded in November 2015), the Executive Board decided that, effective October 1, 2016, the Chinese renminbi met the criteria and was included in the SDR basket.
Jim Rickards, CIA consultant, said he thinks the actual US debt and deficits will end up even worse than projections, “pushing the US closer toward a true crisis of confidence in the dollar. Jim Rickards also suggested a new currency (I don’t know what he called it) based on SDR that is an IMF unit for currency.
The problem with CIA solution is that most of these currencies are floating against one another in an ongoing currency war between the member States (China, US, Japan and Europe). Donald J Trump tweeted: “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!”
Moreover Peter Schiff reported that “Global debt has reached record levels. According to a recent IMF report, the world has amassed $164 trillion of debt. Three countries account for half of the total global debt – the US, China and Japan.” I remind you that US, china and Japan are the major currency constituents of SDR. So how could SDR be sustainable?
As of today, the Central Banks of SDR Member States have printed some $23 Trillion of EXTRA currencies that is forcing the world into a spiral of inflation and currency wars leading to a global “HOT WAR” involving militaries, i.e. WW III.
Moreover, Jim Rickards approach acts as an Band-Aid and will kick the problem down to the future for another 10 to 15 years. It is NOT a permanently sustainable solution.
The IMF just published this chart and said: “The current upswing in the global economy provides an ideal opportunity to make future growth stronger and more inclusive”. The problem is that the Central Banks are too weak to sustain such a growth, And the free market capitalism is replaced by crony capitalism led by the Central Banks and their friends. And the world is experiencing a “Currency War” that could lead to a “Hot War.” So IMF projected growth is not sustainable.