2. Europe (EC,
EC, ECB…) decides:
From Jan the 1st through Dec the
31st 2013, the 500 €, 200 €, 100
€, 50 €, 20€, 10€ and 5€
banknotes cease from
circulating.
Maybe a new 5 € coin is
introduced.
3. Then what?
Thereon only credit or debit
cards or internet or mobile
banking transactions are in
use, and the very small ones by
coins
4. Results:
1. Total income of each financial
entity taxed. Aim for a real
time taxation system.
2. GDP of total new magnitude
and increased state revenues.
Full transparency of prices
everywhere, additional
increase in tax revenue
5. direct effects
(continued)
3. Reduce tax rates - enhance
development.
4. Immediate – Now and not at …
2020 - correction of current
correlation (160%!) between debt
and GDP of Greece and the rest
southern MS that will stop their
framing as …PIIGS.
6. Indirect effects
(..far more
important)
1. No more money-related violent crime
(passion and hatred will still go on!)
2. No profit from drug dealing, human
trafficking, gun smuggling, abductions
extortion, bribing, or illegal immigration
3. No more risk of robberies, burglaries
thefts, kidnappings, etc., as well a
bribery, corruption, blackmail, etc.
7. Difference from
other proposals :
it does not merely prohibit or
discourage use of cash –
apparently banknotes – in
trade of a certain magnitude.
It eliminates it!
8. MATURITY:
Now it is possible. M-pesa in Kenya,
Paga in Nigeria, Google wallet
and a plenty of apps, show the
way.
Non immediately tangible and
portable values’ (bonds, cadastre)
systems are already used.
9. The Europe case
European Union surpasses any
other territory in terms of ICT
infrastructure, digital literacy, living
standards, common sense for
action and innovative steps. Due to
all these it is obviously in better
position. Euro zone will additionally
solve at the most gentle and
civilized way the illegal immigration
problem.
10. use of coins
for newspaper, 100%
bread, Candle 90% 85,2%
91
Stands, charity, etc
80%
70% 68,1% 69,1%
60%
52,0%
The use of coins
50% 47,0%
40%
retains the existing 30%
20%
and well rooted 10% 11,5%
7,7%
relationship of
4,1% 2,2%
0% 0,1% 0,3% 0,1%
1€ 5 € 10 € 50 € 100 € 500 € 1.00
Christians with the €
candle lit, and does
not trigger any acc % sum
justified formal % of receipts
reaction
12. worries /
objections
Surveillance and personal dat
concerns is responded by the fact tha
blind digital signatures have quite
few years ago resolved the matter.
Secrecy and safety of our passwords
also widely affirmed and we
accepted.
Elderly people already use ATMs an
mobiles, unexpectedly well.
13. Some numbers
Total Euro coin quantity sums 23,073
M€ with the 5euro banknotes
summing 7,700 M€ (in a 888,600 M€
of total euro banknotes). This further
corresponds to 103 € per person for
each one of the 300 millions
economically active Euro zone
citizens, well beyond
needs, assuming a weekly “refill”.
14. systemic remark:
Does not affect the capitalist
system.
It can be applied in the
framework of the existing
system as is.
It also adds exceptionally
increased liquidity for banks !
15. nature of the
proposal
This proposal must be
considered as a purely
technical one and only as a
tool that does not address the
political side issues
whatsoever.
16. Physical / logical
explanation:
The information about the value
on each banknote designates
the given fraction of the total
money as the property of the
bearer.
17. Now we have the
possibility, (through ICT)
to achieve THE change:
Instead of having this informatio
on paper that is handed from th
payer to the payee, REPLACE it
with the remote transfer of the
information of ownership
between the accounts of these
two individuals.
18. What to do:
Enlighten them, but make it quick!
we must persuade European
governments at least to publicly
discuss, study and eventually
adopt the proposal NOW!
Not after 20 or 30 years.
