The Irish Economy Currency (IEC)
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Please read this petition, and take the time to understand it.
If you agree then Please leave you name, if you disagree thank you for taking the time to read.
Let me start with the basic's & i'll progress into the currency.
All money is debt,
This is because the money is created with interest.
So for example, lets pretend I am a country & there was no money in the world & I asked a bank for the 100euro to start my economy, they'd say yes, here's your 100euro & you owe us 121euro, because lets say they want 21% interest, but the problem is the 21 euro doesn't exist because there's no other money in the world, so it can never be paid back.
This is the problem, the bank is someone else's asset, not an asset of my country. If it was my own country's asset, I could use it freely & not need the Interest, because it is my own, really who purposely gives themselves debt?
As part of Europe & the euro, this does not happen, and never will happen, because the more all these country's try, they CANNOT balance a constant imbalance.
Let say for example, I'm Ireland & I had a great economy,but your Spain & you had a poor one, then we joined together to make our own currency, because I'm richer I help you out to balance your economy, and in turn, make a stronger currency. But because all money is debt, I'm giving you the money + a debt (because im getting interest from you on the money too), & making myself more in debt at the same time, because the money I just gave you i never really owned in the first place, it was debt. As for the money I'm expecting from Spain to pay me back for balancing their economy as interest, well that doesn't exist. So where am I going to get my money back from? (I might just need a loan, or a Bailout - AKA More Debt)
Now take this example and expand by a few country's, an BILLIONS of Euro, Billions from Interest, and your all very welcome to 'THE EUROZONE' crisis.
When one country goes bust in Europe, the rest have to save it otherwise the value of all the other country's drop. So if Spain gets a debt, Ireland's profit is used to pay it off, and vice versa, but because it is all debt, that cannot ever be paid, so when you think about it how is the recession going to end?
Understanding that problem is the first step. Were paying back Europe's debt and losing the value of our own economy & now even our law's on taxes aren't even our own, soon we will be ruled by another country that has a stable economy.
Lets talk solutions.
This petition is for this very reason, a solution, my strategy is very basic, but it can be adapted or modified, by the people, to improve Ireland.
Let's get our Goverment to say, "Europe, we don't want to be part of your never ending recession, We're going to build our own currency. The Irish Economy Currency."
We set up the IEC, MAKE OUR OWN STATE BANK, with no overheads, no private share holders, no interest! We start our country's bank in negative equity, this is equal to the amount of the money we owe Europe from our bank, then we mint our country with a fair, balanced figure of monies, then we write off the bad debt internally, and continue with a new currency.
This means,
1- Europe has not lost the money we owe it, so they cannot default on the bad debt, stabilizing their economy.
2- We have paid our debt back.
3- The money we needed to raise internally to pay europe has been reset, and in turn our country can start from scratch, owing nothing to anyone. Our books are balanced & our currency is not riddled with debt.
The rules of our currency, once it is balanced, our debts are brought internally so we can write them off, and the IEC is at a fair point on the currency exchange, then & only then, The President of the country takes control. The president can authorise an increase of money being minted, and in the case of national debt ever arising again The president has the power to balance the debt, no one else.
Once we don't have a corrupt president, or government for that matter, this should work flawlessly.
Thank you for taking the time to read this, I hope it has opened your mind to think outside the box, and I hope you sign the petition.
Also share this on facebook with friends & on twitter use #IEC, thanks.
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