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- His initiative to create the Charter of Economic Rights and Obligations, supporting an International Monetary System based on currencies pegged to the GNP/capita.
- His success to have approved this legally binding monetary system by an overwhelming majority in the UN would render all currencies of tangible value, like the old Gold Standard. Central Banks would issue now “value currencies” and would give their governments lines of credit at 0% and 100 yrs. term to have immense financing for national development and social justice, which is the function of Central Banks in democratic Nations. Each State would recover the sovereign and independent management of its national economy.
- Trade in this democratic global economy must be bilateral of equal value, and all existent agreements restrictive of trade must be revoked by majority in the General Assembly of the UN. This reciprocal trade of equal value creates jobs in both countries and leads to a global full employment within 3 years, if engineers of all Nations work together through the UN.
The above three points would restore the international economy to a democratic global system similar to that prevailing in the 1800s, which was invaded and discarded by the Wall Street lobbyists and led to the disappearence of the legally binding monetary system of that time. The most powerful Nations such as Russia, China, India, Brazil, Venezuela, Cuba North Korea, Iran and South Africa must lead all Members to restore the fair, honest, democratic and necessary Universal Monetary System of present day global economics. We, the engineers of TEIC firmly believe that the White House - even if now has an exceptionally respectable, honest and endowed President - has “no right nor authority” to deny all the Nations in the World the certitude to manage their economic crisis and obtain full employment in 36 montths. The global crisis can only be solved by optimizing the collaboration of all the Member States of the UN, irrespective of their political orientations. The solution is managed by engineers who do not input politics in their professional work, and reacionary countries can work together with communist ones through the ethics of their engineers. It is the General Assembly of the UN that has legal power to restore the necessary global regulations to save Humanity from further degradation of our Planet, and they must use all the engineers available to succeed that job for the survival of our grand-children in a healthy Planet. In international affairs the General Assembly must restore its supremacy, under the leadership of the most powerful Nations. Only fair trade equally beneficial to all Nations (no only to American CEOs) is the key to rescue the Planet from further Corporate abuse.
The close advisors of the President must try to keep the international image of Hon. Obama credible and respectable, in spite of the corrupted political firewall of Washington. Please be reminded that President Obama himself has asked all those who know real economics to offer solutions. TEIC has offered its engineered solution developed since 1985 when the international TEIC group of voluntary researchers was formed in Cameroon. It is time to separate the retrograde Demagogues in Congress from the Statesman in the White House.
Respectfully,
Jorge Torrealba, Director General, TIC, Canada. Halifax, NS, Canada. 1-902-488-7417 human.economics@ns.sympatico.ca, www.e-libro.net. (Available in English: Counterattack, Morbid Canadian Politics, How Man must use Scientific Human Economics; in Spanish: Contraataque y El Desastre o la Certeza. Virtual E-Books downloaded in your Computer at a price of $5.00 US).
cc: - All the representatives in the General Assembly of the UN - All the Unions in the Member Nations of the UN. - Main dailies in all Nations.