The world
marks October 17 as the Poverty Eradication Day.
The public
is now neglecting that the root cause of the current problem of poverty is the
local manifestation of a worldwide banking misconception about money
mismanagement.
The leading
weakness in the issue of money is the lack of protection against damage from
lack of full economic value for money.
If the
central banks make the mistake, the more people work for economic growth - the
greater the damage and poverty. Today, people are the fates of victims of the
central bank's mistake. In the country concerned, the major cause of poverty is
the irregularity of its central bank. Poverty eradication is impossible while
maintaining bank error.
The possibilities
are:
1. When the
central bank uses the wrong model for issuing money - business processes are
affected by damage to the behavior of the central bank and with increasing
poverty.
2. With a
central bank with the proper issuance of money, it has the conditions to solve
the poverty problem.
If the
central bank is mismanaged, it is not possible to offer a true recommendation
for poverty relief.
The correct
solution to the problem of poverty is to end the local manifestation of age-old
banking error. With this approach, the country concerned eliminates the current
cause of poverty.
Important
for sustainable development is the proper issuance of money. The improvement in
the work of the central bank creates the conditions for sustainable
development.
It is up to
the public to realize that:
1. While
maintaining the central bank improperly issuing money, it is impossible with
sustainable success to help the needy poor.
2.
Beneficial assistance to the needy poor is possible when the central bank
properly issues money.
Ivan Mitev -
economist