Government Reserve Economic System (publish update 22/11/2021)

Introduction

The Government Reserve Economic System is a system of wealth creation that was invented by myself Scholar of Economics, Siuta 'Ekoti Uaisele in 2011 while I was living in Australia in the Western Suburb of Parramatta. At the time, I just left my job working as a Custodial Correctional Officer working in the Parklea Maximum Security Prison. At the time I had done University training at the University of Auckland and the University of Waikato in New Zealand before my holiday to Australia which ended with myself moving there for a few years. After being unemployed for a little while, I decided to revisit some of the earlier research work that I worked on while doing post graduate study at University. One of this research work is what is now named as the Government Reserve Economic System. The other research success from this work is the age reversal, death revival and the energy generation system breakthrough that discovers many ways of creating unlimited energy without burning fossil fuel, without the use of wind energy, solar energy or hydro-power. All four research projects concluded as a success.

Government Reserve Economic System purpose and mission

Government

Eliminate poverty(both extreme and modern day poverty)

End Taxation

End the restriction on the government providing for the people

Zero government debt

Funding system for the government

Personal

Make every person on the planet a millionaire

Home ownership for everyone

Give a job to everyone through the economic

Have a good pay from work

Fix the economic system

Sustainable Economic

Others includes but not limited to

Peace from war over the wealth creating resources of the world

Democracy or people elect government

The beginning

What can we do?

Traditional Economist will say, we need to increase export. That is the only way to being wealth into the country. Others will say, we need to go dig up new gold. Another professor of economic might say, why not tax the rich. The rich have a lot of money. Another will say, tax the middle class or small business owners. How about tourism. If we can increase spending on advertising our country to other parts of the world. Tourism will bring wealth and job to our economy.

..primary sector, mining, let's become China's best friend and sell our minerals to China.

..oil, the Middle East, let's bomb Iraq and take control of the oil in the Middle East(unverified). What about the rebuilding contracts? We wind the war. We tell them who gets the hundreds and hundreds of billions of rebuild money. Lots of money from the oil, right?

.. the money market, wall street, if we make the share market look good. People from other countries will buy stock or shares. That will bring the money into the country. Ofcourse we are inflating the price of shares. Ofcourse it will crash later, but before it crashes. Cash would have already come into the economy.

..the list goes on and on. And the world may continue to fight and struggle for another 1000 years.

If we look closely into these strategies. Not a single strategy solves the economic problem of the world. It is a survival of the fittest situation. A case of one economy crushing another economy to get wealth and jobs for their people and country. Therefore, all these solutions are not solutions. We are taking from one country leaving that country more worst off.

I choose to find a solution for the whole world. The search must look at the economic problem as a one big world problem. We can now conclude that everything we learned from economics doesn't work. Everything that have been discovered by the professors that teaches us how things work is not good enough. We must now venture into the unknown and the unlikelihood that I will find a solution. But I must try and I must look for something new.

Somewhere in the dark undiscovered world of wealth creation is an undiscovered solution to our economic problem. Businesses, resources, work, people's purpose for life and behaviours. Gold and silver, resources, the value of things, the banks, the banking strategies, politics, power, the power to legislate, ownership of things, people's ability, the money market and the currency system. Import and export maybe, could there be something there. And all the reasons why progress seems to be impossible. Are we at our maximum ability or capacity. I may not know all and I most certainly don't want to go back and learn economics again because the best we have at this point in time are not good enough.

"Sir, where the professors have got us too is just not good enough" in my view.

The search

What do we have at our disposal? How can we solve this problem?

It became clear very early to me that I need a new economic system or system of wealth and trade, call it Vukuratus, call it economics. It has to be something new and we have identified that running towards China for a trade deal is not an absolute solution. Everyone is strategising to build through China but I have identified from day 1 in 2011 that China is not a solution.

"Forget everything that I have learned. Take everything that I have learned."

"Start from scratch "

Interested knowledge, Relevant Entities and Relevant Actors

We must start from the most powerful and then work our way down our echelon of entities that are relevant into our search for a solution. Lets start with the most powerful entity, the government.

Relevant Entity: Government

What can the government help us with?

"..Legislation"

There might be a little challenge in getting access and support from the parliament. But, not impossible. So, I must suppose full support from the parliament. We will work with whatever the government structure that is there for us since this is a world project. Our purpose is to help the people and if I come up with a very strong economic solution. It shouldn't be very hard to convince the government to legalise or create legislation if any required. The system brings value to the people. The government will either oblige or we can force their hands to sign what we need into law using the voice of the people and the power of their vote. Else, I might have to crease the hands of dictators yet I have to be mindful that dictators are criminals and they from time to time kill and steal things that does not belong to them.

Relevant Actor: Job Creators

Can the job creators solve the economic problem of the world? Lets take 2 rich people, person 1 have 80 billion and person 2 have 60 billion maybe? What about the oil people from the Middle East or Russia?

Can this be a solution? What is the most important question to ask here? One is capacity. What is person 1 job creation capacity? The size of the wealth between these two is approximately $120 billion dollars. Buffet have helped charities. Person 1 have been finding vaccines for diseases amongst other charitable ventures. One of our problem here is that the rich will not give us all their wealth to solve the poverty problem of the world. That's one problem. What other problems we might have trying to build jobs, a job for every person on the planet. It seems to be not enough even if we put all their 120 billion dollars to trying to create jobs for jobless people of the world. Yet we must look at the situation in a more methodical scientific and structured way.

A simplified version

If we take the total wealth that our two richest people in the world have and use it to build jobs. Will it work?

Let start with investment. What will investing $140 billion dollars do? How many jobs can we create. Here is a sample breakdown:

Suppose that 1 worker will be given a salary of $10,000 per year. Our worker lives in Africa and $10,000 is a lot of money in Africa. In the west, $10,000 per year is modern day poverty salary. What we are interested in though is how many jobs our two billionaires' combined wealth will create.

140,000,000,000 divide by 10,000 = 14,000,000

Amazing, our two billionaires can employ 14 million unemployed people in Africa. They have now lost everything but 14 million people now has a job. If we close our economy inside that 14 million people, than the 140 billion dollars will keep on circulating amongst that 14 million people until the end of time. If we suppose that all money gets a perfect recycling and the money does get put away into savings, or is kept under the mattress and it is spend every week. We will be able to recycle every dollar and keep on paying every employee their $10,000 dollar salary. Simplified economic version for the purpose of demonstrating the maximum capacity of our billionaires to create jobs. In short, our billionaires dollar cannot create any more job than the 14 million jobs created at the $10,000 dollar salary.

"Josh it means, that we get 140 billion dollars from person 1 and person 2, we give it to 14 million people in Africa is a little economy."

further simplification

At the beginning of the year, we give everyone $10,000 salary, their salary is paid at about $200 per week.

Every week we pay the workers $200 dollars. Thats the only $200 dollars that is available in our economy. By the end of the year, we have spend all our $140 billion dollars. Our business earns back some of the $140 billion dollars when the people that we employ comes and spend in our shop.

The point to make is in the fact that the only money circulating in our economy is the $140 billion dollars. Therefore, we cannot create anymore jobs than the 14 million jobs we created in the beginning. The rest of the economics is irrelevant because unless someone else adds some new money to our economy. There cannot be any new jobs created.

If another person invest another $1 billion into our economy. Then at the $10,000 salary we will create new employment.

1,000,000,000 divide by $10,000 = 100,000 jobs and that's it, the 1 billion dollar can only create 100,000 jobs at the $10,000 dollar salary.

Conclusion: Job creators cannot create a job for everyone in the world. Their wealth is not enough. Africa alone have a population of 1.3+ billion people. Using my unemployment model, about 1 billion people in Africa are don't have a paid job. Out of this 1 billion people that do not have a paid job. The immortality 'Ekoti model of people that are able ready to work that are not children is as follows:

1 billion people

50% are students and retirees that can't work and 50% are able workers minus those are are disable.

We are looking at about 480 million people that are able workers where there is no job available to be given to them.

Supposing we get all the money that belongs to the rich people and invest it in Africa alone in a job creation scheme. It will not be enough to create 100 jobs in Africa. The importance of highlighting this situation is relevant. It shows us, it shows the politicians that if we take all the extra money floating around in the world including all the money the rich people have. It will still not be enough to create a job to every person that are struggling without a job in the world. Charity and asking the rich can now be conclusively written out as a solution.

Relevant Entity: Money available

The situation explained in the 'Relevant Actor' shows us, that job creation is restricted by the availability of money or cash. This is the big thing, in the modern economy. What ever money is in the economy. That is the only money available to pay for jobs.

Question: Can charity be part of the solution then? Well, yes and no.

The challenge is to eliminate poverty through creating a job for every person in the world. Charity and asking the rich in regards to the kpi or the bottom line or achieving this mission. Charity is not enough. Asking the rich will never be enough. We must find ways to make more money available to the world.

'WE HAVE IDENTIFIED ONE HUGE PROBLEM. THE MONEY SUPPLY'

Relevant knowledge: Money and Wealth