TEIC is a progressive group of 250 Third World engineering researchers under my Canadian Management. We are non-profit volunteers because our objective is not money but the rescue of the future of our descendent, very menaced by the cumulative industrial pollution, global warming and the useless wars that Bush imposed on Humanity unnecessarily. We are extremely conservative in our development work, which is modelled on all the successes of Capitalism in the 19th Century and on the remarkable work of the Engineers of the Tennessee Valley Authority assisting FDR to restore the Economy of America.
The economy (national and global) that President Obama inherited from his predecessor is chaotic anarchy because all the regulations both in and out of the USA were abandoned to sustain the dictums of special interests. Internally, President Obama is limited by the Washington Establishment to a very ineffective stimulus that may produce some jobs in the next two years, but the figures quoted by the President are extremely optimistic due to the fact that a great portion of the stimulus goes to bail-out failing Executive Managements not directly to job creation (which is the case of the automotive industry). Internationally, since the economic recovery of Roosevelt, the Federal Reserves have been pirated by Wall Street and presently the USA dollar has still a legally binding value sustained by the reserves in the Central Bank, but - in reality - the intrusion of Wall-Street makes the USA dollar (and all currencies abroad) no-value-paper commodities with an erratic worth dependent on the quotation of the stock markets of the World. China, Russia and other countries are now plotting some manipulation of currencies to benefit the tycoons speculating with currencies that are now valueless commodities. This chaotic, anarchic unregulated multiplicity of paper currencies is a consequence of the malice of the financial advisors of President Roosevelt, who - to implement his Good Neighbour Policy for Latin America - offered loans in dollars at very low interest and long terms. Money from Federal Reserves was used in these loans to poor countries having non convertible currencies. Payment of those loans involved the present system of extraction of the wealth of the Planet, to go to the coffers of a few CEOs of the Multinational Establishment.
President Obama is right-on-target when he insists that the regulations must be restored and he is doing a very respectable job internally. However, internationally, he appears not to be properly informed that the absence of a regulatory-legally-binding-monetary-system is at the root of the economic decay of the rest of the World, as a parallel to the decadence of the Economy of America.
The American crisis cannot be redressed without redressing simultaneously the economies of all other Nations, because “Globalisation” has herded us together against the will of the majority in all Nations. What happens in America has repercussion all over the World and what occurs abroad has impacts in the economy of the USA, because the special interests that are multinational have lobbyists intruding in all the governments on Earth that are thoroughly corrupted by the multinational establishment. The Congress and the Senate of the USA is under the strong influence of Lobbyists that are obstructing the initiatives of the President.
Internationally, we -technically responsible specialists - recommend that President Obama should make a statement in the General Assembly of the UN that the USA has adopted the “GNP/capita” as the permanent and invariable standard of value and the Federal Reserves are pegging the dollar to this permanent and irrevocable standard of value of Nations and of their currencies. The President would invite all other nations to adopt an “Economic Charter of Rights and Obligations of the Member States”, which would permanently establish a Universal Monetary System which is democratic, fair and good for all Nations to participate in bilateral barter trade of equal value, which allows exchanges without increasing the national debts and without allowing that currencies escape to other nations; thus remaining in commercial banks as deposits, to sustain development of the small and middle size industry and family mortgages.
In addition, now when the new Universal Monetary System renders currencies items of tangible value, the Central Banks will be subordinated to the Ministries of Economics in all Countries, which would open credits to governments (Federal, State and Municipal) at 0% interest and 100-year-term to sustain development, social and material.
An example would clarify our recommendation:
The USA wishes to sell to Argentina (say) one billion value in American cars in exchange of one billion (equivalent in pesos) value in cereals and other agricultural products. A simple agreement of not more than two pages is signed. When the US car manufacturer makes a shipment to Argentina, the bill is sent to the Secretary of the Treasury for payment against the 0%/100yr-Central-Bank-credit. The money goes to pay American Workers who would spend in American retail stores and would finally deposit in national banks, where the money remains available for credit to the communities. A similar process occurs in Argentina. The net balance of this operation is:

- An exchange of a billion value was made to sustain or create employment in both countries.
- The Ministries of Import-Exports in both countries will auction the products coming from abroad at a price which is prevailing nationally.
- The agreement becomes a standard model and civil servants can computerise this value exchange. A simple addendum to the agreement makes this exchange permanent and increasing in value until optimization is achieved.
- Similar arrangements on all the failing industries of America can be made with all other countries, without having to tie the hands of Third World governments with Free Trade Aggreements or the dictums of GATT. The only requirement is that President Obama must put the lobbyists in their places as he promised.

The above indicates that to solve the crisis in America we have to have a global regulatory institution (the Economic Charter in the UN) that binds all Nations to “assist each other” to come out of the crisis. This explains why we - the specialised technicians - affirm that global full employment can be achieved in a period of not more than 36 months.
In brief, Sientific Human Economics is a new engineering instrument designed specifically to correct all the abuses of Globalization on the Human Being and the Planet. It has been checked and rechecked since 1985 and I only begun publishing on 2001, when the verification of all our procedures were approved by my 250 Third World colleagues. It is already time to formally transfer S.H.E. to President Obama - as the undisputed leader of Democracy - for him to bestow my work to the UN to rebuild all the regulations that are abandoned.

Jorge Torrealba (flaquisimo)