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Stage 1) The adoption in the UN of the GNP/capita as the universal, permanent and legally-binding standard of value recognized by all Nations, on which to sustain the final, invariable and definite International Monetary System. This decision of the General Assembly of the United Nations is protected by two Charters of the UN of Rights and Obligations of the Member States on matters of Global Economics and of International Trade. These Charters become the manuals of operations in all Member States that practice Scientific Human Economics, which is normalized, standardized and equally managed in all Member States.
Article 2) All Ministries of Finances or Treasury Departments will be converted back into the Ministry of Economics in all Nations, in charge of managing the economic practice of each country and the input of the Central Bank into the economy of the Nation. Because of the actions in article 1), the currencies of all Nations have tangible value (like gold, jewellry or fix equity). The Central Bank is authorized by Parliament to open an unlimited line of credit to governments (Federal, State and Municipal) at 0% interest and 100 year term. All these internal governments are authorized to use this credit line to invest in the only valuable asset of all Nations: the wellbeing of their Citizens in the form of Health, Education, Prosperity and enjoyment of life. The Federal Government will appoint the Central Bank as the custodian of the assets of the State and is empowered to buy existing corporations to transform them into Democratic Productive Communities. For instance, the commercial banks will be purchased by the Central Bank to convert them in National Banks (subsidiaries of the Central Bank) and the management of these subsidiary Banks will be turned to the employees, who elect the General Manager and the Department Directors. The benefits of all Democratic Productive Communities are distributed 40% to make an instalment in the National Governments’ debt to the Central Bank and 60% to give a yearly equal bonus to all the employees of the Democratic Productive Community, irrespective of the professional rank of each employee. As all corporations now are near bankruptcy because of mismanagement and robbery at the Executive Level, all corporations will be purchased by the Central Bank and transformed into Democratic Productive Communities, managed by the employees who elect their General Manager and the Department Directors. This purchase back of the equity of the Nation will restore in a few years the ownership by the citizen of all the resources of each Nation, and the management of the National wealth to the workers of the Country. In fact, the wealth of the Nation belongs to posterity and each generation has the obligation to increase its value with its work in development of resources and of facilities to improve the standard of living of the people.
Stage 3) The rebuilding of a democratic global technically-sound economy will restore in Humanity the social organization of democracy, respectful of freedom, equality and fraternity. Once full employment is attained globally - not later that 2015 - the countries that today are belligerent will be short of people to devote to war or terrorism. Full global employment and a better standard of living all over Humanity will minimize the number of lunatics that wish to fight.
Scientific Human Economics is a normalized and standardized technically-sound economic System which is as simple as all engineering procedures, which are normalized and standardized to achieve optimal efficiency. Obsolete politicians are not qualified to manage any sector of the State. The operation of government are done by qualified Civil Servants. The elected members of Parliament have the obligation to maximize the development of resources and the standard of living of the electoral districts that elected them.
We suggest that the Unions and the Workers of America must take the initiative to campaign for apolitical independent true representatives of ridings, to ensure that the present stock of corruption in the Congress and the Senate is expelled from Capitol Hill. President Obama is very lonely; the workers of America must give him a Capitol full of ethical democratic independent representatives of ridings, not archaic, illiterate and mouthy politicians.
Those who defend the worldwide anarchy of the fraud of Globalization, have the obligation to send articles to the Breadwinner with strong rebuttals of our Engineered Global Economy. Their pompous self-respect obliges!!! ... After all, they are in the Capitol day-in-and-day-out pouring tons of blab, blurt and babble in defence of the special interests of Globalization. President Obama will be grateful to the Workers and their Unions if they assist him to restore democracy in America and the World.
Jorge Torrealba, P.Eng. (Retired), Director General, TEIC Canada,
1103-5565 Cornwallis St. Halifax NS B3K 5K9. Canada.
1-902-448-7417
human.economics@ns.sympatico.ca
www.e-libro.net (My books on Scientific Human Economics are available here)
CC: Mr. David Axelrod, Senior Advisor and personal friend of Hon. Barak Obama.