| The Three Legs of a Sound International Financial System - A Proposal 03-15-12 mpg SWIFT Cuts Off Iran As Sanctions Vice Tightens War Alert - If you, as a nation, do business with these organizations, and nations like the US-NRE or Britain and their crime syndicate boss Israel, this is what will happen to your nation and your peoples every single time.
It is about time that something be done about this situation. Three very simple steps can be taken which will benefit the people on this planet, those who reside in the other 190 or so countries. One can be taken immediately and will result inevitably in taking the necessary and subsequent two additional steps to secure financial independence and security for this planet's population. The first step obviously is to set-up an alternative to SWIFT immediately. The BRICS (Brazil, Russia, India, China and South Africa) should take the lead. Given the size and power of the internet, the wide spread use of its technology, and the technical skills of the BRICS, it could be done in months, if not weeks. The second step once a secure bank settlement system is established is to set-up an alternative world currency which despite all the naysayers, could also be done almost immediately. You don't have to do anything large or grandiose, simply to smooth out transactions over the BRICS-FASTEST (financial account settlement tracking encoded & secure transfer) system, a modest sized fund of $500 billion or a even a trillion, composed of weighted currencies (based on the size of each countries economy) from the BRICS, plus a basket of other currencies, with perhaps a selection of commodities should be quite adequate. The third step, naturally arising from the first two, should obviously be the establishment of an alternative international bank to the World Bank or the IMF. After what's happened with SWIFT, and given these banks prior histories, and who manages them, they are utterly and totally unreliable. It is as useless to give money to these institutions and expect a greater say in their management, or a return of your capital, as it would be to give your money to any banking institution on Wall Street or in London. Again it should be a relatively simple, easy and rapid process, the account you set up to hold the assets to establish an alternative currency for your new financial settlement system will be the beginning of your new international bank. The banks shares should naturally be allocated based on the size of each members economy, which also determines their contribution to the new reserve currency. Instead of voting, an algorithm could be set up where these shares are increased or decreased based on how each nations currency trades in the market and the size of their economies. Obviously agreed upon formulas of GDP calculation and procedures to prevent the million ways to manipulate or attack currencies will have to be implemented. This will prevent the problems associated with the EU where members states economies were locked into a single currency and were unable to adjust to changing economic circumstances with disastrous consequences for their national economies. The only hard and unalterable provisions which should be adopted by this new system is that NO citizen, or former citizen, of the US-NRE, Britian, or Israel, nor any person who is eligible to be an Israeli citizen under current Israeli law, should ever be allowed to serve as an officer or as an employee of the BRICS-FASTEST system, the new international bank, or the institution set-up to handle the new international currency. Also any currency basket should strictly limit how many dollars or pounds will be excepted. It really should be no more than ten percent of the total. Finally no investments, loans, deals or joint ventures should EVER be made by these new institutions to, or with, any financial institution in these three countries. These three steps, or legs if you will, will solidly support a system of financial transactions and an international financial system whose currency will be based on the hard labor, intellectual power and material resources of its participating members instead of the complete absence of ANY financial regulations, financial fantasies, bogus statistics, endless cycles of ten year economic warfare and the production of limitless supplies of fiat script, securities and bonds not worth the paper they're printed on that is the current basis of the worlds international financial system. The new system will be "organic" in that it will adjust automatically to the rise and fall, or to put it bluntly, the wise management, or mismanagement, of its members economies by their respective governments and populations. It is sincerely hoped that this proposal be implemented as soon as possible. Time is running out, the threat of economic instability is increasing dramatically along with ever expanding wars. The parasites currently running the economies of Britain and the US-NRE into the ground will not stop, and most likely they cannot be stopped. The populations of these two countries appear at this time to have completely given up on trying to control these events. Therefore, for the good of the rest of humanity, for the financial security of the other 190 countries who exist on this planet it is IMPERATIVE that an alternative, viable, reliable, solvent, and stable international economic system be established immediately. - mpg |