A New Economic System: Guide to Debt Elimination and Wealth Creation

By Yusef Rashid DeLaine

The masses of human-beings on earth are struggling and suffering with poverty because the financial system of Capitalism is a pyramidal structure based upon "divide and conquer" that permits the top 5% to become wealthy at the expense of 95% of the masses of people thereby creating a working poor middle class and a permanent underclass through trickledown economics and debt accumulation. Conversely, Karl Marx's financial system of Socialism (Communism) redistributes wealth equally among the members of Society and eradicates poverty, but puts a ceiling on the amount of Wealth and Prosperity of its citizens; and does not eliminate debt for all of humanity. Furthermore, the financial system of Capitalistic-Socialism permits certain members of Society to become Wealthy, yet some of this wealth is also distributed among the less fortunate through the taxation of the wealthy, but this still does not create total wealth and prosperity and elimination of debt for all of humanity.

• Language: English
• Publisher: Trafford Publishing
• Release date: Jun 6, 2014
• ISBN: 9781490738499

Yusef Rashid DeLaine

My name is Yusef Rashid DeLaine and I was born in Los Angeles-Hollywood, California of the United States of America. I am 47 years of age; and I grew up in New England Connecticut most of my life. I graduated from Trinity College of Hartford, Connecticut, in 1997 with a Bachelor’s of Arts degree in Philosophy/Legal Studies; and studied Philosophy at Oxford University, Trinity Term in 1996. Concurrently, my examination of money as it pertains to the Financial systems of the world has force me to question, how is it that very few in the world are wealthy and many are poor; yet the poor are saddled down with debt obligations and the wealthy have great abundance and surplus? My evaluation, given the limitations of a market-resource-value based economy based on supply and demand, is that one man’s debt is another man’s asset which substantiates the proverbial axiom “the borrower is the slave to the lender.” Consequently, if debt serves as both an asset and liability, then money and debt are two different sides of the same coin. Moreover, if you were to eliminate debt, logically you can conclude that the value of money would increase individually. However, as a Society, the value of money would actually decrease because one man’s debt is another man’s money. Be that as it may, if members of Society collectively pooled their money through compound interest, they can eliminate debt individually and create wealth collectively to offset debt individually. Ironically, this would place constraints on the viability of supply and demand of a market-resource-value based economy and create scarcity on some level. Hence, caveat; this will cause members of Society to create new markets of supply to meet the demands of the human species as we evolve and to sustain an operational financial system.

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PRINCIPLES OF EXPONENTIAL COMPOUND INTEREST

There are many economic systems in this World that constitute a worldwide monetary system that are predicated on currency and credit. These major economic systems are Capitalism, Communism and Socialism. Irrespective of which economic system human-beings are operating in on this planet; the chasm between the rich and poor is widening at the expense of the middle-class. Within the capitalistic, communistic and socialistic paradigms, you have a small percentage of families relative to the masses of human-beings on the planet who are moderately rich to super rich. Whereas, the masses of human-beings on earth live in poverty struggling just to survive regardless of the demographic or economic system. The bottom 95% who barely earn a living wage and live in substandard conditions where there is little opportunity and massive amounts of debt obligations, and are in economic servitude to the top 5% who control and constitute the political and economic power structure of the World. This global economy on planet earth, which is a hybrid and fusion of all nationalistic economies irrespective of the economic structure, is maintained by a monetary system that relies upon the supply and demand of a market based economy of goods and services to create both wealth and poverty, and abundance and scarcity. Unfortunately, only a small percentage of families are experiencing real wealth and freedom. Whereas, the majority of the human species are in bondage and financial duress due to the fact that irrespective of the current economic systems; the top 5% exercise unity as it pertains to wealth accumulation and creation, and the bottom 95% on the planet are experiencing economic hardship due specifically to the axiom of divide & conquer. Moreover, it is through the banking system where the bottom 95% mainly store their money in which money and credit is created at a different value per currency to keep the masses of human-being in both bondage and debt.

However, the principles of exponential compound interest based upon collective-buying power or a collective good((there is power in numbers(centralized buying)), and cooperative economics will create an utopia financial system of wealth and prosperity and elimination of debt and bondage for all of humanity regardless of race, class, political affiliation, religion(denomination), culture, nationality, demographics, astrological signs and gender and create a Paradise here on earth through the Golden-Rule of the unity of the human-species(family) in the Diaspora within the Aquarian Age of the