Friday, January 31, 2020

IMPLEMENT 'UGC', 'GFRB', 'GSA', 'GEM' AND 'GLOJOCARD' TO BOOST THE GLOBAL ECONOMY !!!

"In 2020, global economy 
will recover from its undeclared 
state of RECESSION; 
provided there is no 
3rd World War like situation 
due to 'USA Vs IRAN' COLLISION. 
There is a need to introduce the 
Uniform Global Currency (UGC), 
which can be used in any NATION; 
1 UGC will be made equivalent to 2 USD 
and with UGC only, all global trades to be 
done without any HESITATION. 
A 'Global Fund Reserve Bank', (GFRB) to 
be created where all nations will open a 
'Global Savings Account' (GSA) in 
their respective nation's NAME; 
World Bank and IMF will monitor these 
accounts and provide 10% rate of interest 
on the deposit amounts which is not so 
a big deal or a gambling GAME. 
Minimum balance in these 
deposits must be at least 1% of 
total net revenues earned by 
the nation in the current financial YEAR; 
and maximum balance must 
not exceed more than 10% of  
total net revenues earned by 
the nation in the current financial YEAR; 
any nation can withdraw money from their 
account anytime and can take loans upto 
1.5% of total deposits kept, with 15% 
interest rate without any FEAR. 
Also, a Global Employment 
Exchange will be created 
with the name, 'Global 
Employment Management' (GEM); 
through which, any person of any nation will 
be given job permit by 'Global Job Card' 
(GLOJOCARD) to work in any nation worldwide 
to earn money and FAME."- Arindam Sain

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