Classifications

• • G—PHYSICS
  • G06—COMPUTING OR CALCULATING; COUNTING
  • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
  • G06Q20/00—Payment architectures, schemes or protocols

Definitions

• I pick a 10$ bill identify with my PE (Professional Engineer) stamp and let it circulate or change hands several times in a specified period.
• PE Professional Engineer
• the bill next goes to the 'jam & jelley' distributor who passes it on to the business that makes fruit preservatives.
• the bill keeps moving to the fruit grower, to the fruit picker and to the grocery where he buys bread, cheese and milk.
• the grocery buys its stocks of foods with the same bill. In this chain of 'buy-sell' transactions only one 10$ bill and that originated from me moved across.
• the Central Bank is expanding 'money-in-circulation' every year. It is not the replacement money when soiled and torn bills are destroyed. Central Bank may be using its earned money to expand money in circula ⁇ tion. Some central banks may be issuing new money to the extent 'money-in-circulation' is expanded each year. In the prevailing economic scenario where every business establishment, big and small, kept on increasing prices of consumable items, capital goods, manu ⁇ factured tools and eguipment, wages and salaries of skilled and semi ⁇ skilled (workers and employees) it is harmlessity to think in terms of keeping the monetary base constant because each nation contains a private sector that is far more enormous than the government sector.
• the velocity of money increases in a over-active economy; when inven ⁇ tories are full the velocity slows down. If I fill up my refrigerator with foods purchased at economical prices, I donot go to the super ⁇ market for a week.
• the velocity of money is ZERO as far as I am con ⁇ cerned.
• Each nation's central bank must be run as carefully as I maintain my refrigerator contents. If foods are kept for excessively long periods of time in the refrigerator they are spoiled. One must mend his/her buying habits to correct this situation. It is so with goods and articles stored at home; if you run out of space, either you bought unnecessary items or you are not giving away 'used stuff' .
• Central Bank is enpowered to create money whether it be currency in high denominations in limited amounts or checks in unlimited numbers, as the situation warrants.
• Central Bank is placed in a highly admira ⁇ ble position in so far as the nation's finances are to be improved. It must always watch for the deficiencies that are plaguing the unfortunate population that have lost jobs by the introduction of automation and adoptation of millions of computers in factories and service industries. Robots are performing many tasks on assembly lines and employees are terminated as 'unwanted'.
• the power of robotics, automation and computerization in each manufacturing industry must be understood as high-precision and high-production inventions to relieve man from 'routine drudgery' day-in and day-out.
• FRS will issue new money in checks of several denominations from 1 million to 500 million dollars.
• FRS delivers:
• the maximum federal tax bracket could not be more than 40% as state and local taxes, social security, medicare and property taxes add up to a big burden that cannot be tolerated. All families must be allowed to keep sufficient money in savings for emergency expenses and unforeseen circumstances. If people are allowed to save, millions of personal bankruptcies could be avoided in West Europe.
• Italy is almost at the bottom of 19 countries (See next pages) in regard to tax increases over a decade. Italy increased tax revenues 340% during 1980-90, while the best-managed nation Netherlands increased only 49.1%. In 10 years the population increase is not much but the workforce might have increased substantially. It is not known why Italy and Spain kept on increasing prices, wages and taxes though their monetary units are small. It is too risky to allow these countries to embark on a program of 'created money funding for budget deficits' unless extensive engineering studies are performed on the whole economy. The budget expenditures earmarked for created money utilization must be very carefully picked after detailed scrutiny of the budget documents. The difference between 2% inflation and 5% inflation in one year and a number of years successively could be enormous and this the national governments failed to recognize! Italy is too great a country with immense production capability; its scooters are excellent; its continuous casting capacity could be 75% of total steel production. Its wines production and olive oil supplies are too great to be set aside. Spain has shown remarkable improvement in 'foreign currencies holdings'.
• Tax revenues increase as working people increase and when taxation is increased.
• the village in which I grew in India (1935 to 1954) with a population of 5000 is eligible to run its own currency. Its Revenue Officer and Administrator assign work to those who are unemployed and pay them in local currency, which is affiliated to Krishna District currency.
• the benefits that accrue to village living can be increased by letting skilled people learn more about trades by hand and by machine as ulti ⁇ mately this determines 'how a nation of 1000s of villages progresses'. New huts and dwellings could be built instead of old thatched huts in congested areas. In general the housing looks better and streets are likely to improve. Thousands of villages have been electrified and street lighting and irrigation from wells are a normal sight.
• Vegetables could be sold in village market and packed foods could be made for marketing across the country.
• Eg. Gud brown sugar in solid slabs with enzymes intact from brown cane). Dairying will expand as more high-yielding buffalos are brought in. Two to three crops are grown each year in the same farm as tropical weather is a curse by its warmth. Labor supply will be plentiful as payments are made in local currency. Village currency exchange helps in further expansion of foods and dairy production.
• Continuous casting is an efficient process in steel mill metallurgical processes as it eliminates huge capital expenditures for primary mills and the in-process metal losses are minimized.
• CC production as a % of total raw steel production is an indication how advanced a nation is in its industries.
• Central Bank's NEW MONEY will be made available to those who are contemplating a change to Continuous Casting from conventional ingot making and rolling in primary mills.
• the following tabulated information pertains to year 1984 but it is indicative as to how each nation is progressing in process technology and engineering design in very high production industries.
• Unemployment figures in each nation (pages 16,17) keep on changing. The current figures, of concern to us, may be higher or lower. If CENTRAL BANKS take the lead in compensating all unemployed, part-time under-employed, the statistics are most important in dispensing moral and social justice. Unemployment compensation is so valuable a topic that I could prepare a philosophical treatise in book form, while all those responsible in government ignore it as without solution. There could be several methods in presenting 'population increases' of each nation that must be analysed using absolute increases and availability of resources in materials, technology, production, education, experi ⁇ ence, skills, health services, natural surroundings and topography. China may be as large as USA but 2/3 rds of its land is mountainous and desert.
• THe CLAIMS portion of this document furnishes numerous guidelines to make the created money work. Purchasing power of monetary unit must be very strong. In the market place, money must command respect. People must use money selectively and be very careful in spending habits. Most of the time people go to any extent to save on food dollars but they are forced to spend excessively on housing, on rentals, on automobiles, on utilities, on gasoline, on insurance, on medical bills. There are millions without health insurance because it is too expensive. The federal government is facing a dilemma as to how to solve this crisis in health care. In USA medical billings could soar to $1000 Billions which are far too excessive. The government medicare and medicaid programs could not pay even 50% of the billings.
• ROYALTIES A percent of new or created money drawn will be negotiated as royalty payment every six months. Payments are made for using the invention and also for 'know-how'.

Landscapes

• Business, Economics & Management (AREA)
• Accounting & Taxation (AREA)
• Strategic Management (AREA)
• Physics & Mathematics (AREA)
• General Business, Economics & Management (AREA)
• General Physics & Mathematics (AREA)
• Engineering & Computer Science (AREA)
• Theoretical Computer Science (AREA)
• Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Priority Applications (3)

Applications Claiming Priority (2)

Publications (1)

Family

ID=22668438

Family Applications (1)

Country Status (4)

Cited By (2)

• 1994
  • 1994-05-04 CA CA 2144034 patent/CA2144034A1/fr not_active Abandoned
  • 1994-05-04 WO PCT/IB1994/000067 patent/WO1995019614A2/fr not_active Ceased
  • 1994-05-04 AU AU65437/94A patent/AU6543794A/en not_active Abandoned
• 1995
  • 1995-10-13 GB GBGB9521047.2A patent/GB9521047D0/en active Pending

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