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

All content belongs to the discoverer of the Economic System Immortality 'Ekoti Scholar of Economics Siuta 'Ekoti Uaisele

A simplified version

The government reserve system is a system designed to solve all the economic problems of the world.

Prior to the government reserve system, the world was run under a banking system that is based on gold reserve and the price of gold. The gold reserve was owned by the gold miners. These gold miners hold shares in the banks. The government on the other hand borrows from the bank. This system evolved over the years to include a bond(government IOU system). The bond system is a big government loan scheme. The government writes a value piece of paper to banks and financial institutions(some cases people investors with lots of money, these piece of papers has the value of money the people and reserve banks or federal banks gives to the government. As a result of such economic system, the government always end up with a huge loan.

United States approx $20 trillion u.s dollars (loan accumulated, approximately 100 years)

United Kingdom approx $2 trillion u.s dollars (loan accumulated, approximately 100 years)

India $570 billion u.s dollars (loan accumulated, approximately 100 years)

New Zealand $80 billion u.s dollars (loan accumulated, approximately 100 years)

Australia $620 billion u.s dollars (loan accumulated, approximately 100 years)

Russia 200 billion u.s dollars (loan accumulated, approximately 100 years)

Every government and every country are in debt, the most impoverish country in the world is the United States of America. These borrowings have to be paid at some point. In around 2010-2011 the United States were heading towards another economic collapse. The last great depression that resulted in people dying from hunger in the U.S.A was in 1929. Almost every 100 years there is an economic collapse because the economy cannot sustain government debt anymore and it leads to world war from time to time.

Before the government reserve, our knowledge of economics ended with a very few strategies. The main strategies employed by the government were limited to:

a) Monetary policies

- borrow or not to borrow

- determine the level of interest on government bonds

(the OCR(official cash rate) belongs to the owners of the gold which is the bank. the gold shop is a private shop. It doesn't belong to the government therefore it doesn't belong to the people of the country.)

b) Taxation and other government revenue stream such as duty on import. How much are we going to tax? 40% on the rich, maybe 20% on the poor, maybe 15% on companies or 32% on companies.

c) Fiscal Policies which is the government spending. Is the government going to build a new road, a new airport, maybe some houses for the people. It could spending more money to build a new wing or department in a public hospital. Maybe the government will spend the tax dollar on building or upgrading schools. Increasing spending is labelled as an expansionary fiscal policy. Decreasing or lowering spending means less money going into the economy and it is called contractionary fiscal policies.

d) Selling of government assets(which goes on the other revenue streams.

So, the government don't have that many strategies to work with and therefore less capable in trying to provide for the people of the country. Many thousands of professors of economics have worked tirelessly on the economic problem tweaking the few things. But it just would not work for the following fundamental reasons.

i)The government is made to think that they cannot run businesses

ii)The government is made to spend on non profitable products

iii)The government borrows to pay for things that does not make profit. So how can the government pay for those loans if you cannot make money from that loan to pay the principle amount of the loan and the interest. In the private sector, you only borrow if you know you can make money because the loan must be paid back with interest.

Therefore, every now and then. The government collapse and go on bankruptcy, everyone go hungry, police don't have a salary, government shutdown, the dollar collapse. The debt then is wiped out and the government start collecting taxation again and soon it will have money in the government purse. But what about the debt from the bankruptcy. Different countries have different economic laws and strategies into how to deal with government bankruptcy. Then the process repeats the same cycle of accumulating debt from a new round of government borrowing until the next economic collapse. The cycle never changes until we do something different.

Moving forward to the government reserve

Many questions then needed to be asked,

What is the problem? Is there a problem?

Or are we just too lazy to work?

There are millionaires. We all want to become millionaires. Can we all become millionaires?

Haven't we been trying for the last 1000 or 2000 years?

Unfortunately, we have been trying to become extremely wealthy for thousands and tens of thousands of years.

What about the jobs?

Many people have jobs. Why don't I have a job? Why don't you have a job? Can we all have a job?

Unfortunately, we can't all have a job. When looking at people without a job in the context of the world. It is impossible for everyone in the world to have a paid job or paid employment. Africa will always have extreme poverty because of the job problem. South America will always have extreme poverty because of the not enough job situation. The United Kingdom will always have an unemployment problem, so as China, Vietnam, Australia, Europe, Russia and the rest of the world.

The economic problem is global.

When you create jobs in China and that job is producing things to be bought by the people of Africa or U.S.A or Europe. It means, that those countries have less jobs because those things that comes from China is no longer produced locally in the U.S, Europe, Africa and the Pacific or South America. And when those things are not made locally, it means no job from making those products locally. The job is created for the people of China because they made the $2 dollar toys, the $25 dollar fans and now cars and many other things. Fancy economist call this outsourcing, getting other countries to produce the things for the local country.

The economic problem is global. It is an economic system problem. The economy that owns the know how. Or that can produce things cheaper always wins. The quality of the product is not so much an issue since the product quality can be improved for a particular price point. Plus the know how can be bought at a very cheap price from anywhere in the world.

Moving forward towards the government reserve economic system

WHY? HOW is this Government Reserve System any better? Haven't we been fiddling with the economics, searching for a solution for the last 10,000 years?

What I can say on behalf of the government reserve system is? Every now and then, someone makes a huge breakthrough. And every now and then someone makes a discovery. And every now and then someone makes a huge inventions.

According to www.bulbs.com

"In 1802, Humphry Davy invented the first electric light..."

This invention happens after living in the dark at night for thousands and thousands of years. Then the oil lamb invention for another thousands of years.

According to https://airandspace.si.edu/exhibitions/wright-brothers/online/fly/1903

"On December 17, 1903, Wilbur and Orville Wright made four brief flights at Kitty Hawk with their first powered aircraft."

This invention happens after watching birds fly and wondering what if we could fly for thousands and thousands of years.

In 2011, I Siuta 'Ekoti Uaisele invented the Government Reserve Economic System. Read about the Government Reserve System in one of my published articles on this website.

Siuta 'Ekoti Uaisele (photo taken 2020)

Scholar of Economics

Economics of Government Reserve

Immortality 'Ekoti