5.1.1. Money Supply
5.1.1.1. Paper and metal currency will be removed in favour of a credit banking system. All retailers will be required to take electronic payments and visitors to the country will be issued with credit cards from the central bank or the use of their banking system
5.1.1.2. All transactions will now become transparent, and the black market of trading will become obsolete.
5.1.1.3. The abolishment of the money supply will make drug dealing, prostitution and arms sales almost impossible and therefore reduce crime, burglary and fraud.
5.1.2. Interest Charges and Payments
5.1.2.1. The concept of interest has always been wrong and misused – there is no ideological reason that someone should be charged interest (extra) for something borrowed that will be repaid.
5.1.3. Banking and Financial Systems
5.1.3.1. The most corrupt and exploitive instruction in the history of humanity are the banks and money lenders – this will stop by their immediate nationalisation.
5.1.3.2. All financial services will be run as non-profit making instructions monitored by parliament and not an independent body as corruption must be irradiated
5.1.3.3. As a Nationalised industry, 50% of the Board of Directors will be made up from a trade union or workers representatives.
5.1.1.1. Paper and metal currency will be removed in favour of a credit banking system. All retailers will be required to take electronic payments and visitors to the country will be issued with credit cards from the central bank or the use of their banking system
5.1.1.2. All transactions will now become transparent, and the black market of trading will become obsolete.
5.1.1.3. The abolishment of the money supply will make drug dealing, prostitution and arms sales almost impossible and therefore reduce crime, burglary and fraud.
5.1.2. Interest Charges and Payments
5.1.2.1. The concept of interest has always been wrong and misused – there is no ideological reason that someone should be charged interest (extra) for something borrowed that will be repaid.
5.1.3. Banking and Financial Systems
5.1.3.1. The most corrupt and exploitive instruction in the history of humanity are the banks and money lenders – this will stop by their immediate nationalisation.
5.1.3.2. All financial services will be run as non-profit making instructions monitored by parliament and not an independent body as corruption must be irradiated
5.1.3.3. As a Nationalised industry, 50% of the Board of Directors will be made up from a trade union or workers representatives.