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ASHISH SHARMA
Joined: Jul 3, 2004
Posts: 25 (view all)
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Gender & Age: Male & 48
Country: India
Province/State: Rajasthan
City: Jaipur
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Solving Unemployment Problem
December 21, 2004 - 10:06 AM
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I have devised Electronic Currency System, a complete monetary system proposing to replace present monetary system ie., paper currency system. In this System,
Government will have sufficient finance available from internal sources for all kinds of Government expenditure including development expenditure. As all the citizen's money will always be with the banks without hampering their money transaction, banks will find themselves in a position to advance this money deposits to Government or needy people. Government will be able to incur this advanced money for development works and other expenditure. This incurrence of government expenditure will result in people getting increase in their income. This will automatically result in increase in bank deposits for the people. This increased bank deposit base will again enable banks to advance finance to Government and the needy people. This way government will again be in a position to get finance for development works resulting in people getting increased earnings. This process will keep on repeating, resulting in creation and rotation of income cycle making people and ultimately the country richer and self-sufficient. This will also have positive impact on unemployment problem. This can be illustrated as :Let G stands for Government, B stands for Bank and C stands for citizen of country. This is already stated that all citizens'/ Govt.'s money will always be deposited with Banks. Now let us assume to begin with that citizen's have 1000 units of currency as total money. In electronic currency system this 1000 units will always be with bank ie., money can never be withdrawn from the system. 1000 units of money is with Bank say B. As money can never be withdrawn from the system, Bankers will be in position to advance this 1000 units to Govt. /Public/ Business Houses for development/project installation etc. Now this advanced 1000 units will be ultimately transferred to citizens say C in return of the services/labor rendered by the citizens. As citizens will get increase in their earning. Their total money now will be 1000+1000 ie., 2000 units. This means 1000 units now has become 2000 units. As citizens money has increased to 2000 units and all the money will always be deposited with the bank without hampering liquidity of the money, bank deposits will also increase by 1000 units totaling to 2000 units deposit. This will result in increase in bank's capacity to advance money further by 1000 units. Now bank will be in a position to further advance this increased deposit to Government say G. Here is the formation of income cycle. Now this increased/further advance of 1000 units to Govt. will ultimately increase citizen's income by further 1000 units making their total money to 3000 units thereby increasing bank deposits by further 1000 units. This is rotation of income cycle. This process will keep on repeating rotating the income cycle resulting in increase in per capita income/ national income, solving unemployment problem etc.
This way not only electronic currency system can help prevent the various kinds of corruptions and crimes up to a certain extent but it can also help in economic prosperity and autonomy of the country. Details about this electronic currency systemidea/innovation can be seen by visiting http://projects.takingitglobal.org/ecurrency
I request for interaction/comments in this regard.
Also please visit www.electroniccurrencytime.com
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TOPH
Joined: Apr 11, 2003
Posts: 10 (view all)
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Gender & Age: Male, 27
Country: Philippines
Province/State: Quezon City
City: Quezon City
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CDBN.org, empowering Small and Medium Enterprises
December 30, 2004 - 08:18 AM
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Maybe we can work together with your System. CDBN.org is also a system that will empwer SMEs. We already have made partnership with Clubestore.com and McCann Erickson. The system we are establishing will help both SMEs and Corporations who are helping these SMEs. Email me at topherb4@yahoo.com
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ASHISH SHARMA
Joined: Jul 3, 2004
Posts: 25 (view all)
Poster Rank:
Talkative
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Gender & Age: Male, 48
Country: India
Province/State: Rajasthan
City: Jaipur
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Solving Unemployment Problem
December 30, 2004 - 09:12 AM
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Dear Christopher,
I welcome you as team memberin the project "HAS THE TIME FOR ELECTRONIC CURRENCY COME". I request you to go through the idea. On understanding the idea we will format our program for making this idea practical. I will be glad to answer your any querry in this regard. Looking forward to long term association with you. Kindly also publicize this project. Please let me know your any suggestions/comments for making this project success.
Regards,
Ashish Sharma
Email ashishsharma@electroniccurrencytime.com
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