The ABC of Sovereign Debt Redemption - A Laymans Guide To Completely Avoid Governmental Austerity Programmes Michael Schemmann

ISBN:

Published: July 20th 2011

Kindle Edition

95 pages


Description

The ABC of Sovereign Debt Redemption - A Laymans Guide To Completely Avoid Governmental Austerity Programmes  by  Michael Schemmann

The ABC of Sovereign Debt Redemption - A Laymans Guide To Completely Avoid Governmental Austerity Programmes by Michael Schemmann
July 20th 2011 | Kindle Edition | PDF, EPUB, FB2, DjVu, AUDIO, mp3, ZIP | 95 pages | ISBN: | 7.39 Mb

The Author Michael Schemmann is a professional banker, certified public accountant, and university professor of accounting and finance. His proposal is based on certain premises, e.g.:• The nations’ sovereign debts consist largely of privateMoreThe Author Michael Schemmann is a professional banker, certified public accountant, and university professor of accounting and finance. His proposal is based on certain premises, e.g.:• The nations’ sovereign debts consist largely of private commercial banks’ quasi money created by way of an accounting abstract — if not an accounting perversion —while the states’ (including the Eurozone’s) constitutional money power lies idle and unused.• The private banks’ quasi money is not legal tender for the settlement of debts, public and private, and is therefore the weakest element in the payment system, constantly threatened by iliquidity requiring central bank intervention and government bailout.• Given these insights, national debt redemption is a very simple exercise, resulting in prescribed accounting transactions in accordance with generally accepted accounting principles to reverse the governments’ borrowings of quasi money, and at the same time correct the banking system as demanded 185 years ago by Thomas Jefferson, 3rd President of the United States, for the United States, and by Professor Irving Fisher 65 years ago.• This booklet provides a review, an analysis of the status quo, as well as a solution that is not dissimilar to the successful “CDG Plan” for Germany’s highly successful monetary reform following financial collapse after World War Two resulting in the creation of the Deutsche Mark which became the backbone of the present Euro.



Enter the sum





Related Archive Books

  1. 21.06.2013Naughty Experiments
  2. 21.09.2012Family Law Handbook 2010
  3. 14.01.2013Decipher
  4. 23.05.2012Lizard
  5. 12.10.2013Ravel: Gaspard De LA Nuit


Related Books


Comments

Comments for "The ABC of Sovereign Debt Redemption - A Laymans Guide To Completely Avoid Governmental Austerity Programmes":


hpcustomersupports.com

©2009-2015 | DMCA | Contact us