Hi all,
In the past I’ve been reticent to share some of the ideas here, at least in
the following, comprehensive format.
However, given how the environmental clock is ticking... I think it’s
beyond mandatory to share.
OBJECTIVE
An economy sanitized from capital mkt bubbles, pro-environmental and
equitable
So far, no one has been able to convincingly challenge the following model,
parts of which I’ve outlined in greater detail
here
(note: I’m no longer involved with PM).
Step 1
Strip commercial banks of the privilege/monopoly of issuing interest
bearing, IOU currency
Step 2
Apply negative interest to all cash and cash equivalents
Step 3
Redistribute all negative interest proceeds via UBI
Step 4
Denominate all speculative financial instruments (equities, derivatives,
convertible bonds etc.) in parallel currency;
a "sanitization" process whereby capital market bubbles will not be able to
affect the Real economy.
Step 5
Adjust and fine tune.
-----------------------
WHAT IS ACCOMPLISHED
With step 1: An end to private bank debtocracy (re
inequality + minimize asset bubbles) + an end to the environmentally detrimental
“growth imperative”.
With step 2: Currency serves a pro-environmental
function. With negative interest, all financial evaluation models reverse,
rendering resource extraction beyond the Earth's carrying capacity,
unprofitable.
With step 3: Equitability,
actualization-flourishing-potential realization across the entire
population.
With step 4: If a bubble is created, the parallel cap
market currency depreciates, adjusting for the bubble. In other words, the real
economy becomes immune to financial market bubbles.
With step 5: As with any dynamic, complex-adaptive system,
constant tweaks are the norm.
Hopefully I'm not in La la land here.
Jason