Credit Banks, which have absolutely nothing to do with the banks we are talking about now, are quite similar to Ethical Banks, although they are not the same thing and moreover they fall within the Sphere of Donations. We will write more on that.
Let’s look at Circulating and Issuing Banks. These banks issue the paper money established by the Board of Directors. This Council is named among those who have the appropriate license and the electors are designated for the 20% by the banks’ white-collar components; for the 30% from Donations and for the 50% by the Economic Sphere.
All those who have worked to create goods and/or services will receive this kind of money. Issued money that is received in June 2013 and that is not spent by June 2014 is no longer redeemable if does not pay a tax of 5%, with a stamp on the same note, and so on until filling boxes reserved for stamps. At any time a branded regularly may be replaced in the Bank with a more recent, also in good standing with the stamps.
The 5% is an example and the exact percentage is decided solely by the Ethical Sphere (60%) with the help of the Economic Sphere (40%).
The money must therefore be spent on goods or invest in any company for production of goods or services, otherwise there will be the reduction of its value. The money invested in a company is no longer disposable for a given period, determined annually by the Committee of Investments and Disinvestments, established company to company, and based on the economic period. If a person invests and gets the required constraint that that money should remain, for example, 10 years, he can not disinvest before, except in the following cases:
1. There is not the agreed annual yield (expressed as minimum wages).
2. The Investment Committee and Disinvestments decided that the 10 years you be shortened, given that economic conditions will be better.
3. Necessity of the subject (documented by authorities).
Because each year the company (like all) has an assessment in minimum wages, at the end of the Decade will share the corresponding value (expressed in minimum wages). This implies that there will be is no stock market. This also implies that the company, with profits, can invest only in equipment and related goods, but cannot buy other establishments or commercial, if not for actual business investment and in every case expressed in minimum wages (for new investments there are credit banks of the sphere of donations, as we shall see).
The overall aim is that the money will replace the goods, that the money cannot become an investment, except for the surplus that a person can have after paying taxes.
The citizen can buy a house, two or three houses but cannot make speculations and all houses however bought will be resold to a corresponding value in minimum wages. The same will be applied to land. The Minimum Wage policy takes away the speculation. If I bought a house in the mountains for a thousand Minimum Wages (although the value of the house was officially 800 minimum wages, but I wanted the same for its exceptional position), I cannot resell it in no case by more than 800 Minimum wages. It was a luxury foe me.
In case of cadastre revision, the house could go to 700 minimum wages as at 900. Only in this case I can have an additional loss or an additional gain. No speculation. I can invest in research companies etc. No one will buy land or manufacturing goods to waffle on and every and anything bought anyway for a value of x minimum wages (or more) can be resold for up to X minimum wages (but not more).
A person therefore earns with productive investments only. His excessmoney can be employed in Official Investment Providence Plans (which, as we shall see, may differ among them) who expresses the values in minimum wages and will try to return at least those minimum wages.
If we exclude the percentage participation in companies and some other form like that, there are no interest rates.
The money-commodity has a value for the year in which it was earned. In twenty years, nobody can say how much will be the value of such a money.
Divisional coins are coins limited to very small values. They serve to make the final fractional They cannot obviously be subject to stamps: for this reason, every two years (or three?) coins are completely replaced with new ones with new date and the older ones will no longer have any value.
When one accumulates a certain amount of currency coins (since they cannot be used for payments unless the minimum fractional measure, that is divisional) one can go to the Circulating and Issuing Banks: the Banks will convert his coins in paper, by deducting the value of the coins of 5% for each year from issuance, if older than a year. In 2013 it will be no deduction for the coins of the 2012 and 2013 and so on. Because when there is a new law, suddenly bad people will find a new cheat, we will need to calibrate carefully these rules.