Day 240: A Bank for the People

We have an interesting point being taught in economy books - which is that an increase in investment spending has an expansionary effect on the economy - because money is invested in certain products and therefore, people are being paid or jobs being created, which means an increase in income, which means more consumption spending and so a multiplier effect sets in - because, in turn, consumption spending increases income, which increases consumption spending, where of course the increase each time becomes smaller and smaller and eventually 'dies out'. However, on the flip side - what is not spoken about in the text books, is how, at the same time as a multiplier effect is in progress - there is also a growing debt - because interest rates cause a debt to increase over time as well. And this debt, which is eventually a multiple of the initial loan, must be repaid, and so money again disappears from the economy, causing the economy to shrink.

So, within Living Income Guaranteed, we suggest banking will still be relevant from the perspective of big capital investments such as housing or cars. In some countries, we see a rising trend of loans being taken out, not for such big capital expenditure, but for day-to-day living costs, such as food and clothing. Such points will stop within Living Income Guaranteed, because one will be guaranteed to have an income that is sufficient to provide oneself with these basic necessities.

So - when it comes to loans, banks will herein make money through asking for a once-off fee rather than an interest rate - where this fee must cover labor costs and a profit markup - where the fee is reasonable from the perspective of what is required for banking to be profitable without creating a monopoly on money. And of course loans must only be undertaken if the capacity exists for the debt to be repaid.

The creation of money through fractional reserve banking would have to be revised and a way of money-creation be devised so that it stands in relation to supporting the rate at which the economy is growing - which must take into account population growth as well as available resources.

So - herein, banking becomes an actual life-support system where big investments can be paid over time and where it will increase and support the value of the citizen in terms of their life. And thus, the banking system becomes a means to truly supports economic growth as well as the growth in value of a citizen's life.

Related articles

• Money for Nothing: Switzerland Eyes a Basic Income Guarantee
• Switzerland's Proposal to Pay People
• Day 251: Living Income Guaranteed and Market Mechanics
• Day 226: Living Income Guaranteed will Prevent Destruction of Homes

Day 61: The Consumer Price Index (CPI)

The consumer price index – or short ‘CPI’, is used to measure changes in the price level of goods and services purchased by households, and is also used to measure inflation.

To measure the CPI, a study is done that investigates what the ‘average’ household (of the particular country for which the CPI is being measured) buys / spends money on in terms of goods and services. We are in essence working with an imaginary shopping basket/cart which has a whole bunch of stuff in it which is supposed to represent what a typical household spends money on.

When constructing the CPI, a few things are taken into consideration:

• Goods and services which should be in the ‘basket’
•  What weight should be assigned to each good/service (to  indicate its relative importance in the basket -- eg. Food over perfume)
• What base year is going to be used
• What formula is going to be used
• Prices have to be collected each month to calculate the value of the CPI for that month (as it gets published monthly)

For the first two points, in-depth surveys are undertaken to determine the relative weights, and the goods and services which should be included. Since this type of research is quite time-consuming, it only gets done every five years or so.

The base year reflects the year within which the initial survey/study was done to establish the CPI, and will be the year to which other CPI’s will be compared to.

Let’s look at a simplified version of the process:

In Country X consumers only purchase water and bread, where the ‘average’ consumer will purchase 10 bottles of water and 5 loaves of bread in a given period of time(“years”). Next we look at the prices for these items within each time period.

Year	Price of water	Price of bread
2005	$1	$3
2006	$2	$4
2007	$3	$5

Now we calculate each basket’s cost per time period:

2005: (10 x $1) + (5 x $3) = $25
2006: (10 x $2) + (5 x $4) = $40
2007: (10 x $3) + (5 x $5) = $55

Next we pick a base year, and calculate the CPI – we’ll use 2005 as our base year.
The CPI for 2005 is ($25/$25) x 100 = 100              (cost now/cost base year) x 100
The CPI for 2006 is ($40/$25) x 100 = 160
The CPI for 2007 is ($55/$25) x 100 = 220

To see how much prices increased from time period to time period – we simply subtract a 100 (= base year index) from the comparison year. So if we are using 2007 as our comparison year, we can conclude that the prices increased 120% from 2005 to 2007.

Different CPI’s will be measured for different expenditure groups such as: pensioners, urban wage earners, different provincial/metropolitan areas etc.

Since food, energy, housing and mortgage rates will usually take up quite a bit of ‘weight’ within the ‘basket’ – changes in the prices concerning these will have the biggest impact on changes in CPI.

The CPI gives a good indication in terms of increasing prices, but you can’t use it to measure the cost of living, since the CPI works with a ‘fixed basket’ – while the cost of living will change as people will substitute items for one another as prices move higher / lower (so for instance, if coffee becomes more expensive and tea cheaper, people will start substituting coffee with tea, and so try and maintain the same expenditure level, rather than just going with a ‘fixed basket’ and being non-responsive to price changes). The CPI also does not take into account the introduction of new items. If for instance internet was just introduced in the year 2006 in Country X, it would not yet be included in the CPI for the next couple of years until a new basket survey is done, and so internet prices would not be accounted for until the new survey is done. Another point which is not covered is that of quality. If bread became more nutritious but cost the same, the cost of living would remain the same while living standards would go up.

There's not much to this point, it's just one of those things we've made up to 'measure' and 'evaluate' our economy' while in no way whatsoever measuring anything real, since our economy is all about infinite growth. 

Since we're living in a world of major inequality, the CPI will also in most cased not really be representative -- as with any 'average', you're just drawing the two polarities together (extremely rich and extremely poor) and so you're not really working with anything which really represents the 'cost of living' within this world, since the majority of people are not living an average life -- but a life of misery. This 'misery' is easy to hide away in averages as the abundance of the rich will quickly "balance" this misery out in numbers. When looking at for instance per capita income, you are also working with averages. So if you have ten people in a group, and 9 out of ten earn $1000 per year and one of the ten makes $100 000 (eg small wealth elite scenario) -- you get a per capita income of $10 900, which is the 'average', but completely not representative. And so with any model in economy where one work with 'averages' you're always working with a misleading picture which will always portray things to be better for the "average person" than what they really are.

Day 57: Measuring the Performance of the Economy – Part 3

I commit myself to expose how the current economic system within the world has lost all connection to the physical world and is only interested itself as an entity where human beings, animals, plants, Earth – are all placed into the service of the Economy for the sake of a few benefiting from the current system

I commit myself to the establishment of an economic system which is in support of Life instead of being a parasitic entity as what is currently exists as

I commit myself to the establishment of a world economic system which is sustainable and support all Life by taking into consideration all equally, and not just those with money

I commit myself to the establishment of a world economic system which is rooted in reality, and does not just go about distributing and producing stuff with no regard of consequence and actual physical capability of planet Earth, nature, animals and humans

I commit myself to establish a world economic system which caters for All Life Equally – so that this resource distribution leading to those with money and skipping those without can stop

I commit myself to expose the ridiculousness of our current economic systems objectives as they in no way have any connection to physical reality but are only concerned with the Egos of man as those who identify themselves with the current economic system and benefit from it – where it’s all about who can produce the most stuff with no regard for consequence and the billions of people suffering

I commit myself to the establishment of Common Sense, Best for All macroeconomic Objectives – such as ensuring that the economic system provides for everyone’s basic needs, and uses the Earth’s resources in a responsible, sustainable way

I commit myself to expose the wicked nature of man which is reflected within the attitude of conventional economists as their words clearly show that they have no regard for any other life form but themselves

I commit myself to a world economic system where people do not have to work to earn a living, but where people will be supported unconditionally from Birth to Death

I commit myself to a New World Order where work/labour becomes a point of self-responsibility where we see / realise that certain things need to be done in order for everyone to be taken care of, and so do our part in ensuring the wellbeing of the whole, where each dedicate a few years of their lives to play their part – and where afterwards work/labour becomes a point of expression where you take on a position because you enjoy doing so, not because your life depends on it

I commit myself to expose the nature of our current economic system as a ruthless, brutal, heartless system which only cares for itself and if you do not meet the criteria to ‘play’ its game, you are spitted out and left to fend for yourself – where this current economic system is here by our own acceptance and allowance, and where we can just as well design and implement an economic system of Real Love as unconditionally giving and receiving where no-one is left behind

I commit myself to expose how our current economic system and the economists who defend it have no interest whatsoever in the equitable distribution of income and hide behind petty excuses and justifications as to why they will not discuss this point and bring about change, because apparently they do not have the authority to comment on this and so all they can do is ‘leave it be’ and do what they do as economists which is protect the system

I commit myself to an Equal Money System where an Economic System of Equality will be implemented, which caters for all life, in a sustainable, responsible way – ensuring the well being of All Life Now and in the Future 

Day 56: Measuring the Performance of the Economy – Part 2

I forgive myself that I have accepted and allowed myself to value objectives within macroeconomics in terms of evaluating the performance of the economy – which is no way are related to the wellbeing of Life on Earth, but only concerned with the self-preservation of the current economic system

I forgive myself that I have accepted and allowed myself to have created a world economic system where Life on Earth is placed in the service of the Economic Machine of Greed and Unsustainability – instead of a world economic system which serves Life on Earth

I forgive myself that I have accepted and allowed myself to have completely missed the point of economics – where I accepted and allowed myself to believe in - and support a system of Hope where few win and the majority lose, where Hope is the only thing keeping the system standing as the majority hope to one day be in a position of the few – while obviously this is not mathematically possible, as the lifestyle of the few is only possible if they remain few – and within that I forgive myself that I haven’t accepted and allowed myself to have created and economic system which actually looks at all the points in the world which require support within sustenance and then unconditionally direct the flow of resources towards all points which require sustenance/support without any form of discrimination which is in fact what the Equal Money System is designed to do

I forgive myself that I have accepted and allowed myself to value ‘economic growth’ as a macroeconomic objective, and where this objective is valued above all other objectives as the Holy Grail of Success – without seeing and realising that the desire for economic growth is just another way of saying ‘more..More.. MORE, I WANT MORE!!!’, as a spoilt child throwing a tantrum for not getting what it wants – while in the meantime half the world perishes in poverty and starvation and get to be ignored while we economists stare at economic growth like a moth being attracted to a flame - ever hypnotised, never considering the consequences of one’s actions

I forgive myself that I have accepted and allowed myself to value “how much more stuff has been produced” as the primary marcoeconomic objective

I forgive myself that I haven’t accepted and allowed myself to see and realise that the news today which I can see/hear/read about daily – clearly indicate that there are much more important objectives to consider as the suffering and madness is undeniable, yet I will value ‘producing stuff’ more over ‘making sure everyone’s living a comfortable life’

I forgive myself that I have accepted and allowed myself to have mindfucked myself into believing that ‘producing stuff’ equals ‘making a better world’

I forgive myself that I have accepted and allowed myself to justify within myself my evil actions of limited self-interest with the thought that ‘eventually all the stuff/wealth will trickle down to the poor and then they will also be better off!’

I forgive myself that I haven’t accepted and allowed myself to be honest with myself as I know that ‘it will trickle down to the less fortunate’ is a big fat lie – but as long as there are enough of us portraying it to be the truth and teaching it to our children, we can maintain the lie and keep avoiding self-responsibility – and if we put it into pretty sophisticated words in textbooks then it almost sounds true too!

I forgive myself that I have accepted and allowed myself to have created a world economic system where there can never be full employment – and then at the same time create the system in such a way that everyone is dependent on employment to earn their living, and so not everyone can live

I forgive myself that I haven’t accepted and allowed myself to see and realise that we can just as easily create a system where people don’t have to depend on employment to be able to sustain themselves and where we scale down our industries of entertainment which are only here to benefit the minority – so that there are less jobs to be done and so not everyone has to work all the time for the sake of profit and economic growth – and so we will have more time available to actually live and enjoy ourselves

I forgive myself that I have accepted and allowed myself to value only those things which relate to the preservation of the current economic system – and so there are no real goals , as all we are doing is timelooping on the same point, which is our current economic system which is Not Best for All

I forgive myself that I have accepted and allowed myself to place ‘equitable distribution of income’ as one of the objectives of marcoeconomics, but it is really just to appease people, where we pretend that we are giving inequality attention – while we don’t, and then justify our non-consideration on the base that it is a ‘normative’/’subjective’ issue – and that it is not the economist’s place to say anything about this issue, as they are not politicians or sociologists – which is a real easy way out of not taking responsibility – and within that I forgive myself that I haven’t accepted and allowed myself to see and realise that our very economic system as what it currently exists as, is ONLY based on the subjectiveness and normativity – as it is a VALUE SYSTEM which currently only values the HAPPINESS OF A FEW – and so when economists say that they rather do not comment on such a ‘controversial issue’ as ‘unequal income distribution’ – it’s really just the same as saying I LIKE THIS INEQUALITY JUST THE WAY IT IS

I forgive myself that I haven’t accepted and allowed myself to see and realise that it is not about being a ‘politician’ or a ‘sociologist’ or whatever other qualification – as the only thing you require to comment on the current status of inequality within the world is YOU as a HUMAN BEING and the realisation that OTHER HUMAN BEINGS, which are JUST LIKE YOU, are mostly in positions which you would NOT WANT to be in – and within that you either decide to DO SOMETHING ABOUT IT or NOT – and as we have seen, the mainstream economists have decided to NOT do ANYTHING about it as they value their own Life as more valuable than others

Day 55: Measuring the Performance of the Economy: Macroeconomic Objectives

Within the next few blogs we’ll be looking at how economists currently measure the performance of the economy, and by what criteria they are measuring it by. In this blog we’ll be discussing the macroeconomic objectives. These objectives also give a nice indication of what it is that is being valued within the area of economics.

There are about 5 objectives which are regularly listed when looking at macroeconomic objectives:

1)    Economic growth
2)    Full employment
3)    Price stability
4)    Balance of payments stability ( / external stability)
5)    Equitable distribution of income

1.     Economic Growth

Economic growth is considered to be the most important criterion, and is the one criterion which will be given the most weight when evaluating and comparing economies.

Economic growth sounds like a very big concept, but it really just refers to an increase in the total production of goods and services from one period to the next – usually one year.

So this is quite a ‘vague’ and ‘undefined’ goal – as all it stipulates is that there must be some sort of increase in the total production of goods and services – no matter what these goods or services are, or whether they are beneficial to the whole of society or not. A conventional economist might tell you that the goods and services produced will obviously be that which is required to be produced for the good of society, as what is produced and how much is dependent on supply and demand. And so – if someone were to produce something which is of “no value”, no-one would demand it and the person would soon be going out of business – and within this manner the economy eliminates any and all apparently unnecessary goods and services, and justifies what and the quantities which are being produced: it’s demanded! If people are willing to spend money on it, it means they value it, if they value it, it means it brings them happiness --- so, if we produce what is demanded then we are increasing everyone’s happiness and being a good person!

But now obviously, since the majority of the wealth (= money votes) lies in the hands of the minority, then we are really just producing/providing/catering for a handful of people, and only producing/creating things which they think are important, and so all the needs and wants of the remaining majority aren’t catered for because they do not form part of the ‘demand’. And then we go and measure the ‘performance’ of the economy in terms of how much ‘stuff’ is produced – and the more the better. Measuring the performance of the economy this way, gives you no indication whatsoever in terms of how the whole of society is faring – isn’t that what realperformance should be about?

2.     Full Employment

Ideally, a country wants all its factors of productions, and in particular ‘labour’ to be fully employed. In practice however, there’s always unemployment. The main concern with high unemployment rates are political and social stability – as high unemployment might disrupt social and political cohesion which then affects the economy as well. Can’t let that happen! These are considered the ‘social costs’ of unemployment. Personal material and psychological suffering is only a personal cost, and is obviously not that big of a deal – otherwise the economy would not be standing on the principles of supply and demand and the starting point of self-interest.

Full employment should really not be such a ‘major deal’ – the only reason why we are making employment so important is because we’ve accepted and allowed ourselves to create a system which requires you to earn your living. And so, if you do not have a job, you are unable to support yourself, and you are rejected by the system. We then have people working multiple jobs getting barely any sleep just to get by, while others live a life of extravagance, having other people employed to do all the work while they do nothing at all. So you see, there are two extreme polarities – and we can easily balance this out so we can have a world where we do not have to work all the time for the majority of our lives. We will then not have full employment, but it wouldn’t be necessary either. Because you’d for instance go to school while you’re still very young, then you work for a few years – and then after that, it’s up to you whether you want to work or do something else. Doesn’t that sound nice?

3.     Price Stability

Price stability as an objective refers to keeping inflation as low as possible. So prices will still change according to the interaction with supply and demand. To check the movement of prices, the Consumer Price Index is used – which will be explained at a later stage. Inflation is unwanted for distributional, economic and socio-political reason, which we’ll explain when we get to inflation (but simply put, inflation is harmful to the economic status quo – as it creates unrest and the system stops working the way it should be, where those who are supposed to lose now win and vice versa).

4.     Balance of Payments

This concept of ‘Balance of Payments’ refers to the money going in and out of a particular country – within the movement of imports and exports, over a particular amount of time. The Balance of Payments is usually calculated every quarter and every calendar year. In theory, the Balance of Payments should be zero, meaning that what goes out (‘debits’) is balanced by what comes in (‘credits’). In practice however, this barely happens – and so the Balance of Payments can be used so show whether there is a surplus or a deficit and from which area in the economy these unbalances are coming from.

5.     Equitable Distribution of Income

Now we actually get to a worthwhile objective, and then this objective is something economists do not like to discuss because it involves subjective/normative issues – and so they rather not say anything about it, expect that it is ‘controversial’ and then move on to the next topic. Very sad.

When looking at the distribution of income, there’s no mention about ‘everyone deserves access to basic resources’ or things like that, no, no – instead they look at how ‘income inequality’ is a means of stimulating saving and investment which apparently would eventually also benefit the poor (but I mean, if you just give everyone a basic income, then you don’t have poor people in the first place – I mean, it’s really that simple). But then they say, on the other side, inequitable distribution of income, can lead to feelings of injustice and unfairness, which may stir up unrest and then affect the structure and development of the economy. So here you have a ‘pro’ and a ‘contra’ for income equality/inequality – but what is fascinating, is that in each of these statements, it is always the interest of the ‘economy’ as some holy spirit/entity which gets to take center stage, where the preserving of the ‘economy’ is the number one priority – and all the unfairness and suffering is secondary. But what is the point of keeping an economy alive which is not Best for All?

The only reason we currently have middle-class, is so they can be the ‘buffer’ between the rich and the poor which keep everything stable and prevent any ‘unrest’ and ‘instability’ for the sake of the Preservation of the Economy. This concept does way back, all the way to Aristotle who saw just the same.

But this basically implies that, if we as humanity could have gone without the middle-class and have an even wider separation between the rich and the poor without it causing ‘unrest’ – we would have done so.

Day 9: Criminal Minds

“The private wealth of the Walton (Wal-Mart) family ($85 billion) is over twice the GDP Bangladesh with 127 million people and per capita income of $260.” – Michel Chossudovsky, in The Globalization of Poverty


I forgive myself that I have accepted and allowed myself to have created a world where six people possess more than twice the wealth of 127 million people together

I forgive myself that I have accepted and allowed myself to not question the extensive disproportionate distribution of wealth within the world

I forgive myself that I have accepted and allowed myself to not see it as abnormal that a few people have access to more resources than they will ever need in a lifetime while millions starve

I forgive myself that I have accepted and allowed myself to have created a world economic system with an equation favouring the flow of money to those who already have money

I forgive myself that I have accepted and allowed myself to see and realise that any form of poverty is unjustifiable when a few have more than they can ever spend

I forgive myself that I haven’t accepted and allowed myself to see and realise that it is in fact criminal that a few can live in abundance while others live on the brink of death

I forgive myself that I haven’t accepted and allowed myself to say to not speak out to such an extensive manifestation of inequality because of the hope of one day being in a position of having more than I need

I forgive myself that I have accepted and allowed myself to not protest such out of proportion distribution of resources as I realise that the ownership of wealth at a level of being rich can only exist when others are poor

I forgive myself that I have accepted and allowed myself to not question the elite within the hope of one day being in the same position and within the fear of ending up like the poor

I forgive myself that I have accepted and allowed myself to protect the elite through protecting the current world system and thus in fact support the existence of a majority living in despair and misery – in the hope of one day being rich

I forgive myself that I haven’t accepted and allowed myself to see and realise that I would not want to be at the other end of the equation

I forgive myself that I haven’t accepted and allowed myself to see and realise that any attempt at changing the world and improving the living conditions of the poor is completely useless as long as I allow for the existence of disproportionate richness

I forgive myself that I haven’t accepted and allowed myself to see and realise that the money system works in terms of polarity and that the rich has to be balanced out by the poor

I forgive myself that I haven’t accepted and allowed myself to see and realise that if I am not willing to live the life of the person on the other end of the equation – I have no right to want what I want

I forgive myself that I have accepted and allowed myself to believe that the wealth of the few is justified on
the belief that they worked hard for it and deserve this wealth as a reward for their efforts

I forgive myself that I have accepted and allowed myself to believe that the poverty of the majority is justified on the belief that they are lazy and that they deserve the situation they’re in 

I forgive myself that I haven’t accepted and allowed myself to see and realise that this belief is absolute bull shit when one out of ten children die before the age of five in poor countries – did they die because they did not work hard enough?

I forgive myself that I haven’t accepted and allowed myself to see and realise that whether you are rich or poor is decided by chance as where you are born and how your environment allows you to have access to resources

I forgive myself that I haven’t accepted and allowed myself to see and realise that the current world system is based on making money from money and that thus currently no viable solution exists for the poor as they have nothing to make money from

I commit myself to expose the level of inequality existent in the world today which can be in no way justifiable when investigating the numbers

I commit myself to expose that those who protect the current world system are the ones with money as the same system support them

I commit myself to expose the criminal activities happening right in front of our eyes which we have normalized to the extent that we are blind to see it as what it really is

I commit myself to change the current world system to a World Economic System where ALL are taken care off instead of a few living in abundance at the expense of the majority

I commit myself to show that the current money system only works for those who already have money and that no apparent “solution” will work as long as the very system is changed in its entirety

I commit myself to show that no help, charity or aid will make a difference as long as the money flow favours the ones with money

I commit myself to expose the nonsensical beliefs around poverty so that we may see and recognize the evil that exists through our acceptance and allowances and that yes we are evil, and yes we should stop being evil and start taking care of everyone equally

I commit myself to the establishment of an Equal Money System where all are entitled to have access to resources on the premise of Life and not on the amount of money one has in their pocket

I commit myself to expose what dreams and hopes of richness in fact create in this world and that through holding on to these dreams and hopes which will only happen for  a few – we are creating hell for the majority of people

Day 1: The "Other Side" of Miracle Economic Growth

See the following article for background information: The Downside of Growth: Law, Policy and China's Environmental Crisis by Alex Wang

I forgive myself that I haven't accepted and allowed myself to see and realise that economic growth does not come without its consequences and ripple effects

I forgive myself that I haven't accepted and allowed myself to see and realise that what goes in must also go out

I forgive myself that I haven't accepted and allowed myself to see and realise that when pushing for economic growth that this means increasing pressure on the environment, the Earth and its resources

I forgive myself that I have accepted and allowed myself to have created a world where the only number that counts as value is that of money -- where all countries are competing with their GDPs as to "who" will have the highest rate of growth -- who will be the winner and who will be the loser

I forgive myself that I haven't accepted and allowed myself to see and realise that growth and production requires resources -- and within that I forgive myself that I haven't accepted and allowed myself to see and realise that "miracle growth" can only be accompanied with "grand decay" where for instance the miracle growth of China came with the price of acid rain affecting arable land moving from 18% to 40%

I forgive myself that I have accepted and allowed myself to have become obsessed with the idea of growth without taking into considerations the implications and consequences of undertaking such a goal

I forgive myself that I have accepted and allowed myself to be so indulged with achieving high economic growth rates that I don't mind sending countless amounts of people as emergency cases to the hospital

I forgive myself that I haven't accepted and allowed myself to see and realise that economic growth and higher GDP does not mean better living standards for ALL

I forgive myself that I have accepted and allowed myself to completely disregard the physical reality, the living beings and organism where economic growth comes at the cost of polluting the environment to the extent where the air we breathe hurts the eyes and lungs

I forgive myself that I have accepted and allowed myself to have become completely blinded by the pursuit of profit, production and growth and within that not take into consideration that this pursuit leaves countless amounts of animals endangered and extinct

I forgive myself that I have accepted and allowed myself to rape the earth in the name of economic growth without taking into consideration the long term and permanent lasting effects such as water pollution, killing of animals, deforestation, desertification, soil erosion, lowering of environmental quality leading to disease and premature deaths

I forgive myself that I have accepted and allowed myself to only consider growth in the "economic" sense -- a sense which is actually invisible and "made-up" by human beings as a separate entity "out there" and within that neglect and abuse growth in the physical sense in terms of the earth, nature, animals, plants and human beings -- causing deteriorating effects on the health of the planet and everything and everyone living upon it

I forgive myself that I have accepted and allowed myself to value an invisible made up entity more than what is really here as the physical, as life

I forgive myself that I haven't accepted and allowed myself to see and realise that infinite economic growth and finite resources cannot co-exist in the same reality

I forgive myself that I have accepted and allowed myself to delude myself into believing that through the forces of the market we are able to "transcend" physical limitations as finite available resources

I forgive myself that I have accepted and allowed myself to have created a separate mind reality of perfect markets and rational economic agents where resources are distributed just the way they should be which does not at all match the actual situation on earth

I forgive myself that I have accepted and allowed myself to rather want reality to adjust to fit my theory instead of being humble and admit that my theory does not match reality and that maybe I should reconsider the current economic system to actually suit the situation on Earth


I commit myself to exposing the consequences and side effects of pursuing economic growth over the overall well being of the Earth and all its inhabitants

I commit myself to breaking down and deconstructing the current world economic system and reconstruct an economic system which suits Life on Earth for REAL

I commit myself to design, construct and implement a world economic system which will distribute the Earth's resources in a way that is Best for All and not just in a way where the resources follow those with money

I commit myself to re-defining value where I let go of my old values of self-interest and growth of grandeur for down to earth values concerning the Earth and its inhabitants within the principle of what is Best for All

I commit myself to investigate and study how the physical reality works in order to be able to implement economic policies which do not have damaging effects to Life on Earth

I commit myself to the construction and implementation of an Equal Money System where resources are managed in a responsible and considerate way -- for all those living now and those of the future

I commit myself to educate myself and others on how the physical reality operates so we may realise the ginormous crimes that we are committing through our ignorance and lack of consideration for All Life

I commit myself to put beings over numbers

I commit myself to change the current World System where only the wants, needs and desires of humans are used as a measuring stick of value to a World Economic System where LIFE is the only measuring stick of value

I commit myself to the implementation of a World System where all is taken care of, including our environment

I commit myself to a World System where we support the environment, the earth, the animals and the plants -- the same way as they support us as human beings