New global monetary system – Green economic.

I wanted to post my thought of how we could be living in new economic system after current is removed. I would like to know your opinion.

Almost everyone is aware about how current monetary system is unstable, unfair, not economic at all and very dangerous for every country in the world and actually to planet earth it’s self. For those who are not aware of current monetary system and how money is created – there are plenty of materials to look at – you could start with this one – click here.
But is there any other monetary system out there that could be used instead that would create stable harmoney between economic growth, social stability, stabe and good welfare for everyone, logical and economical processes and of course protect planet earth from polution? Well, I offer you – Green economic – my opinion how to get all that good stuff for every country and every human being.
I now will describe what should be done to achieve this.

New global currency
Every country (or at transition period – those countries that are members of Green economy union) should be using only one currency – let’s call them „GREENS”. This doesn’t mean that there will be one central bank for this union but that every central bank of each country will be able to create money – GREENS. It’s not that they will be able to create it as much as they like – no.
The amount of GREENS created, reserved and used by each country central bank is calculated and allowed by taking in account of these factors:
•    How much amount oil, gas and it’s materials (petrochemicals, etc.)  are created, reserved, imported, exported, used;
•    How much amount of green energy and it’s bio materials are created, reserved, imported, exported, used.
So the more country is going away from oil & gas (or using it less) and is going to green energy and bio materials/services – the more money they are allowed to create and have to use for their (and others) economy.

What would be consequences
1.) There would not be any economic bubbles anymore – because money is not created out of thin air – debt. Money would be backed by real material resources that every country and everyone needs. It would be also more fair for every union member because every country can work to create green energy and bio materials – so it would not matter so much (and in time absolutely) does country has oil & gas resources or it doesn’t. This means that of course there is no need to go on war just for the resources as it’s now.
2.) Pollution reduction would be significant and in years it would be eliminated almost completely. No country would be economically interested in pollution by using oil & gas and it’s raw materials – because then they would have less money in their economy. So pollution reduction and using green energy make your country richer.
3.) Every country will invest to develop new tehnology (or use those who where kept as secret by oil industry) that would make more effective green energy and it’s products/services. This would be major tehnology advancement for all countries in this new monetary union (which should be world wilde).
4.) There would be new Banks – as they would not be able to create money out of debt – Banks would be only allowed to loan money using funds from depositors. So this means that they would have to think how to earn more money from projects that creates more money in economy. Because as more money is there in economy – the more money banks will have from depositors and so more will they have in revenue. This eventually means that these new Banks are interested in giving loans and financing project that either create green energy or creates products from green energy and/or creates bio products/services (as you remember than central bank will be allowed to create more money). So Banks would be in direct intrest and action to speed up green projects which creates actual jobs for people and so creates more consumption for green products and energy and so country central bank is allowed to create more money… and so on and on by spiral up way till we can go to next point.
5.) All created money – GREEN is created by country central bank and given to  country government to decide where to use it and invest it. So as now governments has money they don’t have to tax people. So in time as more and more there are GREENS in country economic – at some point governments will stop Tax at all, because there will be enough GREENS to supply all necessary government services.

Is in this great – more  tehnology advancement, more jobs, no taxes and more money and more bio products/services and green energy and clean earth?

Summary
This new monetary system would be stable, logical, economical and make everyone much richer and increase people of the world welfare many times making this a golden age for humans. It would make us think how to spend less resources from the planet and to create re-usable materials using green energy. It would remove all the taxes and lower the prices just to accululate more green products so that there would be more money to work for more tehnology advancement.

It’s all possible and after such monetary system implementation no-one will want to go back to this nonsense we have now.
So – let’s go for this!

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