In 2018, in a relevant state, the public is aware of the Central Bank Act. The
important thing is - the legislator has neglected the qualities of the money.
What is the situation?
Gold money is secured with gold. Unreal money is
not secured with gold.
Gold money has a lasting economic value. They have a sustainable participation in economic processes. They are limited, ie. no suitability for permanent use.
Gold money has a lasting economic value. They have a sustainable participation in economic processes. They are limited, ie. no suitability for permanent use.
Non-golden money facilitates grace. This regularity is universally
accepted.
The Central Bank (CB) has introduced non-gold money. This money has no lasting
economic value. In
creating conditions, non-golden money changes its economic value. They are
unsustainably involved in economic processes. It
is necessary to build a complex structure for managing the monetary system with
non-golden money.
The CB is responsible for the bold application of non-gold money. The
complexity of business processes prevents the CB from preserving the economic
value of money. There
are problems in using money. Imbalances
are formed. There
are damages and sufferings in bankruptcy, bankruptcy, inflation, and others. It
is clear that the local and / or complete interventions of the CB have arisen.
The CB has substantial opposites: (1) benefits from graceful participations
and (2) damage from harmful interference on the holding.
The CB can not achieve the most graceful application of non-golden money.
In October 2018, US President Donald Trump publicly presented the truth
that the biggest threat to the US president is the US Federal Reserve System. Similarly
to the United States, in each country the CB damage strikes the government.
It is necessary to help the CB for a more benign application of non-golden
money.
Ministers support the CB through the implementation of economic growth. The
objective is to increase CB benefits to counteract damage from CBs. The approach has little
beneficial effect. Under
the same conditions, economic growth requires the introduction of extra money. An environment for
new harmful CB interventions is created. The danger of economic
collapse is increasing. The government
borrows to save itself from a crisis. Reproducing
this approach has the same results.
Example: Each country served only with economic
growth to counteract damage from the CB (in sufficient time) was ruined by a
catastrophic crisis.
For three centuries modern civilization suffers from unlimited damage from
the CB. Because
of the local occurrence of a world mistake, the more the government is doing
for economic growth - the more suffering is. The Prime
Minister has a failed failure.
Example: Damage from the harmful interventions of
the European Central Bank has ensured the political failure of German
Chancellor Angela Merkel.
The opposing roles of the CB are still overlooked. The
lack of protection against damage by the CB is the leading cause of the current
difficulties.
Salvation from public evil is possible with protection from damage by the
CB.
The options are:
First: Without protection from damage from the CB - the suffering grows.
Second: With the protection against damage, the CB has ceased to be the
leading cause of present suffering.
Ivan Mitev – economist
The translation from Bulgarian into English is with Google translator.
