To think at some point in time, cowries and sea shells were the currency that powered the economy of our continent Africa, they are still very much around today, however they are considered moribund and valueless
Why though? One might ask couldn't I put a piece of cowry on a outstretched palm like my father's before me? what gives a legal tender it's legitimacy and value, how come we couldn't use old currencies anymore? or power an alternate one with it.
When you think about it, critically, What stipulates an economy? if not a x amount of labour, mostly cheated that is paid for by whatever legal tender in use, in y amount which buys human wants, Wants that could further be reduced, stifled so to speak in reduction of options that makes the available the desirable in the case of communist countries.
So could we have another economy in this capitalist run country to act as a check to the caprices of the major economy of the country.
The other economy with a billion naira you could create and run it simultaneously and apart from the government's.
First create a digital currency then using your currency and an orientation of places where they could be spent you could create a new cash flow and spend you control to act as a check for the excess and wanton inflation of an oversped economy, Using however religious or tribal for encapsulation.
Monetary velocity has slowed down because of the constant increase in inflation. Garbage and Refuse banking which is the stupid stockpiling of money hinges currently on a dolt, sleeping and ignorant working populace hung up on the ethos of delayed gratification and a pension. So the bank can make credits i.e more money from their deposits and loan out buoys that create inflation.
With a billion, you could create an economy and See to it that it exists apart from the norm, using a digital currency, you could control what could be a very triangular life on an aged or religious demographics with the right information and communication like what the Mormons are doing.
Monetary velocity has slowed down because of the constant increase in inflation. Garbage and Refuse banking which is the stupid stockpiling of money hinges currently on a dolt, sleeping and ignorant working populace hung up on the ethos of delayed gratification and a pension. So the bank can make credits i.e more money from their deposits and loan out buoys that create inflation.
With a billion, you could create an economy and See to it that it exists apart from the norm, using a digital currency, you could control what could be a very triangular life on an aged or religious demographics with the right information and communication like what the Mormons are doing.
Jobs such as trees planting, farming, local industry, weaving could call for labour that churns some wage wish would be currency and spend for the very produce of thier labour.
It is a system that could work must if the Proprietor is responsible for the consumption and the leisure guidance of those involved.
It's a providing of man's needs and distractions in charge currency that should determines
the expedite and furtive drive towards curbing and eradicating inflation, With amenities such as schools, hospital and recreation in place
Monetary velocity is therefore slowed down because of the need to increase inflation by a cheaper velocity have been traumatized
increasing the value of real time transaction affecting good and consequent driving down the price of goods and services. it is meant to debauch the currency
It's a providing of man's needs and distractions in charge currency that should determines
the expedite and furtive drive towards curbing and eradicating inflation, With amenities such as schools, hospital and recreation in place
Monetary velocity is therefore slowed down because of the need to increase inflation by a cheaper velocity have been traumatized
increasing the value of real time transaction affecting good and consequent driving down the price of goods and services. it is meant to debauch the currency
As the main economy whose agricultural and imported produce would find some lull in transaction, will begin to wonder, lack some luster in overstay and drop prices invariably.
This was thought out as part of the community within a community, country within one project
to help the igbos in Nigeria and blacks in America
to help the igbos in Nigeria and blacks in America
By starving the so called profits of the windfalls, and operating an alternate economy completely the main economy would be weighted by a demographic without tax and slowed down. To quote Friedman "Inflation couldn't occur without a country's political malfunction, our political malfunction seems to be quite quaint and frankly machinated. So an alternate economy would be the needed check to its whim, it was sustainable as it operate on a surplus accrued to only those like unto them.
An alternate economy running simultaneous apart from the norm could curb the bloated monetary losses and high spend theory which creates this crazed inflantion. A reduced power of the central banks is the reduction in the creation of credit and money.
the other economy is for the aged, religious, intelligent, caretakers who like to take life slow and the ones who have evolved past the need for mere acquisition and vain glory.
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