How to Restore the Greek Economy: Win 10 Million Dollar to Prove It Wrong

By Dr. Niaz Ahmed Khan

This book is specially meant to change the world order by removing poverty, debts of the state by collecting much more revenue than the annual budget without taxes within the shortest period of time of thirty days, reduce inflation, create industrial revolution, reduce the cost of living by at least half, start of interest free banking, kick start of ailing economics, end of terrorism, eradication of drug abuse and improvement in the law and order situation. This seems to be an illusion but this has been proved mathematically and economically in the book and is based on hard facts which are incentive based and are acceptable to human nature. Tax and interest are two worst enemies of mankind causing all these problems which every country is facing. By removing these two evils once can achieve all the above benefits within no time and this is the main object of the book. A new and innovative methodology has been applied theoretically on Greece in this book with astonishing results proving all the above points beyond any doubt. A reward of one million dollar is being offered who can disprove these facts. With the result that even the poorest stat will become self sufficient without foreign aid then naturally the role of IMF, World Bank and all the other lending agencies will come to an abrupt end hence it will not be an exaggeration to say that IMF has been hanged. One has to read this book to find out the real truth as it is going to become the economic revolution of the century based on incentive principles to suit the human nature and this will change the economic system of the world which depends upon interest and taxes which are against the human nature. In the last fifty years no advancement has been made in the field of economics although every year there are thousands of PhDs awarded and there is at least one noble prize winner in this field. None of their work has ever helped or eased the sufferings of mankind which in fact are the creation of the so called economic wizards. All the great economics of supper powers are under greatest threats of recession today and they hire the top economists of the world whose job is to solve these problems but with their backward and out of date knowledge confuse these states by juggling the figure of three rates; Inflation rate, Interest rate and the Exchange rate. In fact all these economic giants should rethink and open their minds to the changing world order and think of practical economics which will help the nations and stop projecting theories which have no values to help anybody in the world.

• Language: English
• Publisher: AuthorHouse UK
• Release date: Dec 23, 2014
• ISBN: 9781496997906

Book preview

HOW TO RESTORE THE

GREEK

ECONOMY

WIN 10 MILLION DOLLAR TO PROVE IT WRONG

Dr. Niaz Ahmed Khan F.R.C.S., PhD.

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AuthorHouse™ UK

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© 2014 Dr. Niaz Ahmed Khan F.R.C.S., PhD. All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse   12/10/2014

ISBN: 978-1-4969-9789-0 (sc)

ISBN: 978-1-4969-9790-6 (e)

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Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

TABLE OF CONTENTS

Chapter 1 Introduction

Chapter 2 MBCS (Mutual Benefit Bond System) How MBCS Works: A Case Study Of Greece

MBCS in Greece, a Case Study

GREECE Current Economic System

GREEK Economic System under MBCS

Philosophy of MBCS

Tax as a Burden

Why MBCS Can Work for GREECE

Changing the GREEK Mindset

MBCS’ Economic Appeal

A Microeconomic Case for MBCS

MBCS in Outline

Why Price Controls?

MBCS and Incentives

MBCS Prices

Why Does the Actual Price Vary So Much?

Calculating the Cost of Bonds

The Rationale for a Sliding Scale for Bond Costs

Reasons for Purchasing MBCS Bonds

The Household Budget and MBCS

MBCS and the Concept of Marginal Utility

Why MBCS Bonds Help Businesses

Category One registration

Category Two registration

Category Three Registration

The Impact of Participating in MBCS

Savings for Manufacturers in MBCS

Gold Mine

The Retailer and MBCS

Business Operations and MBCS

Imports and Foreign Exchange Transactions Imports

A Macroeconomic Case for MBCS

What is wrong with the Current Economic System in GREECE?

The Way Out of the Crisis

How MBCS Produces a Properly Functioning Economic System

Sustaining the Value of the MBCS Bond

The Government of GREECE MBCS Balance Sheet and Cash Flow

The True Interest Free Banking System

The Start of Interest-Free Banking in GREECE

Interest-Free Banking

Role of the Central Bank

Impact of MBCS on GREECE Banks

Implementing MBCS

A Flood of Money

Deflation and Not Inflation

Interest Frees Instead of all Other Interest Based Financial Instruments

Chapter 3 Conclusion

Chapter 4 Frequently Asked Questions

SUMMARY

HOW TO RESTORE GREECE ECONOMY

A Method to Address Economic Recession, Remove Poverty, Terrorism, Improve

Law and Order, Reduce Drug Abuse, Inflation And Taxes in an Interest Free

Based Economy.

Dr. Niaz Ahmed Khan, FRCS, PhD

ABSTRACT:

I have developed a new financial instrument which will be much more valuable than the bonds or the treasury bills government sells in the open market to raise much needed funds to run the country. These are all interest based instruments and can only be used by institutions. The instrument I am proposing is without interest and will be used by everybody to purchase goods and services in the government but not in private sector resulting in up to 60% discounts. This is why these bonds will be massively bought up front in large amounts in the shortest period of time of few days to run the country for at least three years and much more by the end of the year.

SUMMARY OF THE BOOK:

The world is facing many challenges with no solution in sight.

The main cause of all these ills is the POVERTY. F loat bonds which can be used by everybody rich or poor and are not debt to the state so there is no question of interest.

How: Take the example of GREECE which is going through a great recession. GREECE borrows mone y by selling treasury bills and the interest based bonds. The suggestion is to sell these new bonds on non interest basis.

1. All goods and services under govt. control can be purchased at 60 % discount with these bonds and hence will replace Euro with bonds.

2. 1 million Euro Duty waved off.

3. 100 million Euro prize draw from the bonds bought by the public every day.

4. 100 % rerun in just thirty days who ever purchases bonds for at least 50,000 Euro or multiple of it.

EXAMPLE: ONE Euro buys 5 bo nds on the condition that the amount should be € 50,000 or multiple of it. Fewer amounts will get the rate of four and three. This massive discount period is only for first month at the start of the implementation of this system. In the second month the rate will be 4 but the rate of 3 will apply to subsequent months for the same amount for rest of the year

WHERE THESE BONDS WILL BE USED?

1. All state controlled services and commodities.

EXAMPLE: A bill of (any service or Commodity) € 100 can be paid wit h 200 bonds and there will be no exception to this rule. A NET DISCOUNT OF 60%.

A simple formula will apply: Total bill in Euro x2 is the number of bonds surrendered. Price in bonds will not be less than the cost price but without the direct indirect taxes and the duties which are added to the present cost to make it make the cost very expensive.

It will attract at least 30 % people to take this opportunity as early as possible because of massive and irresistible incentives one is of which is of mak ing 100% profit within 30 days there will be many more that will help themselves.

RESULT: Government gets at least € 150 billion within a very short period of time of few days and much more in the rest of the year. THIS IS NOT A DEBT AS STATE HAS SOLD BONDS (Commodity) WHICH IS AN ALTERNATE CURRENCY AND DO NOT CARRY ANY INTERES T. O ne immediately thinks who will bear the loss and this loss to the state will not be more than total year budget of € 103 billion which it collects in one year with all the ta xes and the duties but the bond price is simply a cost price without any kind of tax or duty. So there is a net gain of approximately 150 billion within a short period of time. This is the F irst floodgate of money has been opened.

WHO WILL SELL THESE BONDS?

State will float tenders to select a private agency (GMF) GREECE MONETARY FUND JUS T A NAME GIVEN TO THIS ORGANIZATION with the lowest bid

WHERE AS second, third and fourth bidders will be auditors of GMF. This agency will employ at least 1 million unemployed on 10% commission basis and without any salary. These agents will have to pay € 500 as an annual fee to GMF in order to build the infrastructure for the sale of bonds. Agents’ quota will be € 300,000 per month or they will be allowed to sell their whole year quota in one day or in a month. This will only materialize if the agent shares his commission with the buyer. Greater the share of