The Grip of Death

The Grip of Death

Concept by “Michael Row Bothom”, Written by “Faraz Muneer”

Introduction:

The related article is concern about the three main issues which are the basis of debt based financial system. 

·         - Modern money

·         - Debt slavery

·         - Destructive economy

The modern economic world had got human being by throat and due to this they are unable to justify these changes which are called as “the age of progress” and this progress would never be stop.

In an economic world the impact of creation of money arises through the banking that is the financial reserve banking consider as the main subject.

“Economics realize that “debt money that is the creation of money issue on loan or credit”.

“fascinating”…”coherent and unique”…”an important tool of education itself”…” research well”, “the best one”… is some of the related comment on the Row Bothom article, David Kortan clearly said that “Row Bothom, valiantly talks about the distribution of truth in relation to the debt that is the main flaw of monetary system that bewilder the money of bankers and economists.

In the article grip of death we talks about that how we move forward the system of money in comprehensive and inclusive environment, but also we have justification to major inadequacy of the creation of money.

Modern money is a form of money in which there is no cash in hand there is only bank to bank transaction has been occurred that is a current form of money is created in the economic world by the private banking system and also by other lending institution such as international monetary fund (IMF) and the world bank. As the authority of supervision handling and issuance in regards to supply anything so critical to us all, like money is in the control of government but actually it not should be happened.

In 1997, in the UK, England bank give an idea statistically, the treasury in regards of UK government is a meager £ 25million is form the entire money and the rest of pond 655 million (maximum 95% of the use money in UK) are come from debt money by mortgage, private loan etc. Accordingly that rented money creates about the whole money stock of the UK. There are many of country which are being followed the same criteria. As in USA almost 90% of supply of money is on debt base into continuation.

By tradition the money that are being created by the bank are over the supervision of government, setting according to the liquidity ratio to meet up the institution. But from the 1980’s this ratio have no meaning because the banks choosing another way of short term investment for the security of government, Such of these control are not solvent because of conservative system of banks.

The ownership of money is also regardless that “create service to borrowers” As the banking system loan their money which are being a wrong suggestion. Bank make their money by their own as the loan are repaying by the borrowers on the interest based, the bank create money, so they are consider the assets of the related banks.

The higher and the higher interest rate, the economics standard in response to the rise in price, mainly for the work, high interest rate not only create difficulty for the current borrowers but also being effective for the old borrowers. Consequently the debtor elevated, bankruptcy of the business world, home ownership are being landed and many of workers are being layoff so the economic world face recession.

These are related to the modern growth of the modern money with no cash in hand, bank to bank transactions, and the high interest rate have cause the economic crisis and the downfall occurred in the financial system.

In the fractional reserve banking the bank that works on commercial basis makeup the new money by landing to borrowers.

In the debt base fake money which relies on end of debt and continues rise in the price of commodities is not a cause of unstable monetary reform.

There is no balance and in the stability of economic structure of the world the money has been created by the loan, by which the price of commodity is higher and higher, the creation of money is on increasing interest rate. However, there is no rule, facts and figures to operate such system. 

“INSIDER REVILS ONE SECRATE YOU DON’T KNOW ABOUT BANK THAT WOULD STOP YOU CARRING HOW BIG THERE BONUS IS…”

The whole economic world is dependent of the bank loan. In the world if all the country followed the debt base policy that one is on credit that is if any one is talking the money so they must be surety that someone else is giving the money and it is the predication, in the economic world, the country which are on the top of national debtor table have consider one of the progressive and develop nation. As the debt is taken for the building, infrastructure and they are unable to repay the loan because of increasing interest rate day by day and fall in a distractive economics.

Not only the financial statement is not tackle by the most of the economics, in contrast with the debt base countries their private debt is also being increase.

It is being obvious that money is the medium is in high which shows the facts and figures of economic world. Trust in money is not to be answered which are accepted not only for the crisis, because of debt, but also the entire range of monetary system.

Similarly in America increasing in output day by day, not for their own supply but it only to create the revenue from the export to increase the balance of payment. Not only America but many of “third world nation” follow the same dead line that produce goods not for the domestic use but the exports such goods and create revenue which increasing their profit and repay the loans. Consequently this situation arise that for the financial stabile, the develop nation in the world, obtain revenue from the export by increasing their output. While poor nations, who want to improve their output domestically have got into crisis and all is come from monetary policies, and this taken economic financial system in unreal world.

“Money is manmade creation”, for in whole economic world it is not being created for the fulfillment the needs and demands of the respective nation but it is only the piece of paper that produce many of numbers have no counting

Michael Row Bothom clearly specify the situation that if there is a building, well innovative technology, well educated people to handle out such machinery and a well establish place or environment so how that possible that hospital, offices, industries, schools are not in a working manners, just because of lack of money? Is this situation being?????

Michael Row Bothom stated that yet this situation is valid, as the monitory system and if we said that “we are in money crisis so it is with some thing that is missing” 

So, “Money is trusted”. Financial figures give an accurate measurement of over working and Michael Row Bothom put a serious attention towards the debt crisis that “if we are graspes with debt so we must look after to improve productivity, establish new industry, eroded unemployment, and also being improved export in order to, to be in better situation, and growth and development of economy”

The nation who are in debts, due to unequal resources, service or running on a fund and people are rely on mortgage and use modern money. So reason of that entire economic crisis is concentrated actually the root is debt. If modern money is being in running and people rely on that so we are foster towards a debt crisis because the modern money is actually borrowing from banks and preexistence money of banks is basically the nation’s people money and due to that if we use that money so we use the money of other people and in short we are in debt of other people.

In this article, “GRIP OF DEATH” Michael Row Bothom define the concept of modern money by give an example of United Kingdom money stock that is approx £680 billions and he said that “if ask that is this total money has been related to government, so it got surprising then who would be responsible of this money and where does this money comes from?”

When statistical analysis from England bank, they showed total amount of money by which government is responsible is £25 billion so again the question arises that what about the rest of total money that is £655 billion which is about 97% of total money so who is answerable about that 97% of money.

The money which is landed by the people in the form of mortgage, in the form of use of modern money that is simple creates debt to the nation. So the banks and other societies have 97% of money that is totally based upon debts and due to the use of modern money the economic debt is on boom. Michael Row Bothom specify that these situations has been given by “Royal Commission” and other landed institutions. Many of the third world countries are in debt crisis due to the use of modern money.

“ON THE RELY OF SUCH MODERN MONEY WE MOVE FOSTER TO THE GROWTH OF DESTRUCTIVE ECONOMY SO, WE MUST FOCUS SUCH OF SERIOUS SITUATIONS”

Now, we are in the era of economical change, and are these changes are beneficial or not?  Are these changes fulfill the need and demand of a common man, no one even focus to answer these changes because such economical changes have graspes the mind of people in such a manners that they just think these changes in term of progress, how this progress if effected and where progress being to stop no one thought about that issue that why we are following this and what are the impact of such changes.

Michael Row Bothom stated that “approximate 95% of money is stock of developing nations is comprises and in this modern economic era the bank is considered as the focal point in the economic world through fluctuating interest rate”. As the interest rate, Alan Green Span, “chairman of federal reserve bank” gives a statement about manipulation of interest rate that economist of American adjust the interest rate in such a manners that no one even predicts about that. Michael Row Bothom clearly tends the attention towards the financial system that if a finance list makes an adjustment by one computer for one nation so it’s not difficult to adjust whole economic interest rate, and the era is come in which whole economy is in trouble in the mathematical errors.

Michael Row Bothom put an attention towards a debt crisis that this debt based financial system is not only destruct economy but also decline the solvency of common man. If we see both commercial debts, which are due to high prices, and mortgage debt which increase the income of consumers so that also make a serious contribution in debt base financial system.

The destruction of economy effected domestically as well as international affairs. This destructive economy may destroy agriculture system, marketing, transport, distribution as well as quality of productivity. Due to new machinery, the natural food which is actually the desire of a common person, the food which produced is not in a good quality and also because of that machinery the small medium farmer sized out and unemployment rate is increased which give negative impact on the growth of economy.

The destructive economy not only effected domestically but being create distortion all the international affairs such as, trade. As the trade system, the competition of indebtedness among the nation is increases. The nation follows the rules to generate more and more export revenue in state of that they should focus a process which is beneficial for both creditors and debtor countries.

The debt base financial system is not a neglecting where as it should have a serious attention to find out the problem and give a proper solution to follow. We should consider the growing basic root in which national and international economy depends and establish a new rule for the money supply around the economy in order to shift destructive economy in to constructive economic trends so to we should achieve a batter economic environment.

Growing the Green Economy - Globally

Growing the green Economy – Globally

Concept by “Hazel Henderson”

Written by “Faraz Muneer”

Introduction

As to grow green economy we must shift unsustainable form of economy into a sustainable form by applying global strategies. We have to focus, the investment which are beneficial for economic world globally and put forward an attention in an investment in a particular area such as private sector, public sector and to build a capital, financial resources which are needed for filament the economic world towards the quality of life.    

In our age everyone talks about GREEN ECONOMY. President Obama has prepared the green economy as a support of his supervision.

There is a great dilemma faced for settling down the real meaning of what green economy is? These methods have provided the precise direction of the growth and size of green economy that how to measure the green economy? And who decides it?

Jeff Fielder, a famous atmospheric researcher talks about global warming and believe that waiting to understand the global warming phenomenon will cost us a lot.

 “GREEN ECONOMY” is an economy that has no false effects on nature i.e. water, climate, air and etc. it is becoming famous day by day world wide in companies and domestic government. Companies are implementing the plans to save the environment. These plans are based on sustainable development.

After industrial revolution growth of economy was associated with every kind of material or energy available on earth (i.e.) jeopardizing the environment. Economists and ecologists are deeply concerned about the direction this sustainable development is leading to. According to the World Bank report even though 95 percent of economists talk of a green economy hardly 10 percent of them are working on it.

According to Pauline Go “an environmentalist industrial revolution has turned earth ecology and also turned relations between humans and environment”. On the other hand this development has led to over use of natural resources resulting in shortage of many resources.

This dramatic change has also affected Mother Nature depleting resources, atmosphere, climate and biodiversities. We should look forward to a plan that has least false impacts on the ecological system.

In my opinion industrial revolution led to a path of unsustainable development.

For the folurishment of green economy we have to decrease the effect of global warming and as a result new sectors of economical environment has been made. For example solar project, wind projects, bio fuel projects and tidal project which are being funded by the private sectors also government sector. As these resources are renewable so the next generation will keep benefiting form them.

These developments has driven the price of oil and price of dollars etc. by converting from fossil fuel the renewable fuel will also fulfill the “UN MILLINEUM DEVELOPMENT GOALS”, and this will increase proper global growth.

Now-a-days privatization and innovate technological changes foster and global economic policies and economic model will run according to that process.

ADAM SMITHS work “AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATION” in which he describes about the co-relation in between the public goods and of the growth of economy.

Previously economist based on the theory of ADAM SMITH on account of industrial revolution but also they based on the theory of CHARLES DARWIN.

POLANYI in 1945 “THE GREAT TRANSFOARMATION “and other socialist argue that “there is an inadequate division of land, income and wealth which reduce the economic growth and foster in negative direction and their benefits are unpredictable”. Such depend of these benefits have cut the driven growth of economy. A corporation role in the environment is unpredictable in the economic model. Corporation allows taxes and modern infrastructure in the nation for development.

CHARLES DARWIN also commented that “for a successful and innovative evolution in the economic world the bonding and sympathetic nature are become the essential factor (LOYE 2000)”

Tainter (1988) argues that “in our history people living standards are obvious and they do not believe in human capacities”. 

So, we must renovate our system for the progress and development of our human society .we must cut out the route of ancient human fear / scarcity. It now becomes the important objective of over generation for providing the free and peaceful environment for coming generation.

In deed , if we far behind such of these non – dysfunctional from of source , so we would be able to control over such factors which cause destructive economics and we are stand beyond the great depression.

A famous saying that the fear is creating are own but actually it does not exist , so reduce such fear and provide peaceful and develop nation in the economic world .

However the human being have move forward towards success through adopting the UN MILLINUM goal, adequate distribution and sustainable societies for human being for rejecting those improper function of dogmas who now have the super power in respect of globally public opinion.

Kuhn (1962) said that dysfunctional dogmas are now being cancelled. “STRUCTURE OF SCIENTIFIC REVOLUTIONS” So today entire economic environment is about development model of “WASHINGTON CONSENSUS” Many believers comment that these new policies not only reveal flaws of the nature of humans but also being set such of dysfunctional dogmas. These human societies which include Human Corporation, bonding and sympathy nature for others, these models make us able to make our decisions and public policies. The money creations have been the greater flaw of barter in early market but now money provided one way of information in barter electronic transaction.

Rational human nature such as self interest on individual basis in competitive environment and unemployment rate follow the theories related to “Washington formula “ in which trade policy, privatization, currency floatation and policies related to the exports are included.

Afterwards US FEDERAL RESERVE implemented such of these policies and also CENTRAL BANK searching out the economic model because of progressive development over societies. “Monitory system and creation of money are now being understandable as economically but not scientifically (LEILAER, 2001).”

Such unaccomplished policy establishes a serious decline in economic environment in which “the world bank, central bank, international monitory fund and currency / stock exchange” are included. British government under the supervision of Tony Blair conceded this independency of England bank for labor.

Altman (2004) “In the USA, they have followed the attributes of new conservatives”. Now the economic model that targeted the unemployment and decline of growth of economy are considered the basis of financial crisis in economic world. The economists and financialists criticized by their arguments that the use of economic model, natural science of discoveries of Charles and Darwin evolved the standard of principal of science. So many arguments have found such of these theories which include the main informal question.

“Why education is considered as a cost item and why not to be considered as investment?”

During 1969, the Sweden bank has allocated the price in regards of scientific researchers and also in the discipline of profession of economic and the name of prize is given as “In the memory of Alford Nobel” so Sweden bank, in the year of 1969, rewarded many awards to the us economy and in this regards people stated that “these price which are give are totally opposition as for the subject of Alford Nobel”. This will show that it is considered in the mean to create money while contrary the prize distribution have expend to research by profit, person satisfaction, and the news of this prize distribution will spared world wide.

We are entering in the “AGE OF LIGHT” in which new innovations, new technology and have introduce and which recalled “the age of progress”, in which economy is accelerating day by day and due to which as from the one side we are moving foster towards the green economy and development of green economy globally, and the contrast, and the other hand we are also entering in the era where due to these innovations the competition is increasing day after day and human being got stuck to move forward one after other and this situation create negative impact in the economical world as well as do create a serious influence in regards of progress.

Schumpeter (1942-1947) great economist that describes such of these methods as “creative distraction” For the production of green economy globally… the national assets also to be considered as a growing factor,  The national assets such as infrastructure, health facility, savage system, schools, colleges, to focus such assets so it also is able to grow economy.

At Rio de Janerio, in 1992, in the conference known as “the earth summit” in which they focus that GDP and GNP which are the national accounts must use by 170 governments. Those statisticians are also show that they are the quality of life. So after that many of the country should focus upon these national assets in order to improve their way of living and also that would be beneficial for green economy. Many of the countries in economic world have account such an assets an now in-a-days should be considered in a developing countries.

Now we are in a informative age where the question arises that where the investment take place? And how does the investment make more beneficial to give the best output. So after studies report shows that i.e. “wealth of nation” by Adam Smith and the bank, that human capital comprises around 60% of wealth and in the ecological factor that comprises around 20% and rest of 20% are represented by build of capital and financial resources, in which monitory assets and factories would be considered and they would continue from about 50 years but after focusing the investment, to make it beneficial, it is now evolved that to shift the investment criteria towards the human capital i.e. 60% which is consider as education and health factor and assume that it will give thus output.

So, bank and other landing institutions such as IMF and WTO etc, has not only focus to invest it on national assets but also giving focus on investment , and the education, and health sector to as to maintain the 60% of nation wealth. Brazil makes a greater help to the IMF to reconstruct their GDP and GNP account in order to block the investment in that particular area that do invest in human capital in order to achieve good capital gain. So IMF not only give appear investment in the infrastructure but also do investment in education and health sector, the USNA that is “UNITED NATION SYSTEM OF NATIONAL ACCOUNTS” and the world bank late also create a serious correction in their accounts and make an addition to invest in education and public health sector which are being neglecting for many years in being a serious issue to be focus.

 Hazel Henderson said that “even neoconservative economic agreed that education is consider to be a public good and in the jargon of economy it is a positive externalize”, in which se describe that to invest in those activities equal in order to whole the best return of investment that invest privately. Hazel Henderson also stated that “economic must know the difference between the market rule by common and competition”.

Professional and majority of citizen have given a support on the equal basis of tax for saving the future of their children. In new research it is likely to be given sponsorship to media department which might be illegal by rule. 

In this century we are in the era of economical change are accelerating in which no one predict that how these changes would beneficial for us and where these goods run forward. As it is the best way of investment in health and education sector, but is this a best? If there is some thing that give a best result, so their must be some free rider to be consider which create negative impact of that progress, which evolve to destroy the concept of progress, in order to lack of knowledge and due to which create conflict in the society. So as these investments which are account for the public health, and education sector, will bring a great influence to grow green economy, where the people become educated and unemployment being reduce, on the other hand the poverty give some rationalist human to make benefits from it. They establish “MADARSAS” and allow not only free education for the children but also give some amount of money for their parents in order to best the mind of poor people. So poor parents who have no knowledge they send their children in order to get education to them and also due to the lust of money, where those children got stuck in that human who show, taught about “the education of Islam”, “the Jihad”,” suicidal martyrdom” to prepare for the murder of other in name of Islam, which is going more dangerous for our society.

These rationalist people are spread world wide and play with the life of humanitarian and also make to destroy the name of Islam. Such of these types of people has no recognition but that be a serious issue to be focus in now a days to protect, to provide a secure future of upcoming generation. We must have to consider focusing the investment which is not only beneficial for us, where as beneficial for the whole economic world. So the investment should be adequate basis in the area of ecological factors, as well as human capital. The mean of investment is not just investment but also have acknowledge about the result, be aware about the facts and figures which gives best futuristic approach to attain peaceful society and to grow green economy globally.