About Grand Global Plan
CONTENTS
- Introduction: The Vision for a New Global System
- The Problems with the Current Financial System
- Problem 1: Gambling and Investment Mindset
- Problem 2: The Irony of Wealth
- Problem 3: Transaction Costs of a Multi-Currency World
- Problem 4: Lack of Monetary Literacy
- Problem 5: Marriage, Relationships, and Financial Security
- The Path Forward: A New Global Financial Architecture
- Step 1: A Global Single currency
- Step 2: The Global CBDC Layered Wallet
- Step 3: Universal Basic Income (UBI): Basic Financial Security for All
- Step 4: Decentralized Autonomous Organizations (DAOs)
- Step 5: Towards a Warless World
- Step 6: Global Sovereign Money System
- Step 7: Preventing Global Financial Crises
- Step 8: The Role of Religion, Culture, and Ideology
- Conclusion: A Compassionate Future
- Sources
INTRODUCTION
The Dream
The Mystery
The Mystery
Imagine a world where financial systems serve the collective good, unlocking human potential rather than trapping it in a cycle of greed and survival. Imagine a world where your worth isn’t measured by the number of digits in your bank account. Imagine a world where your ability to access basic needs like food, shelter, and healthcare isn’t dependent on the fluctuations of the stock market or the whims of a few wealthy individuals. Imagine a world where new money originates from each of the citizens, and flows bottom to up to the rest of the economy, as opposed to the current debt-based bank deposit money which works the opposite way. Unfortunately, today’s world is far from this ideal.
The Mystery
The Mystery
The Mystery
Our current global financial and monetary system is riddled with inefficiencies and inequalities. Unequal, unfair wealth distribution along with currency fluctuations dominated by speculative trading, has led to a world where wealth is often extracted from one individual to benefit another in hidden and unfair means. This is particularly evident in activities like gambling, speculative investments, foreign exchange trading, etc. which have a significant impact on people's lives.
Economic metrics like GDP are paraded as indicators of success, but they fail to measure what really matters: human happiness, well-being, and the ability to live a life of dignity and purpose. But what if we could redesign the system to promote fairness, compassion, creativity and also wealth (for all) along the way?
The Essence
The Mystery
The Essence
This is the essence of the Grand Global Plan. The vision is bold yet simple: to create a financial system that supports human flourishing, eliminates unnecessary suffering, and enables us to focus on what truly matters—creativity, love, and making the world a better place. In this article, we will explore how a new global financial structure, centered around a Single Global Currency particularly a Global Central Bank Digital Currency (CBDC), under a Global Monetary Union and Decentralized Autonomous Organizations (DAOs) can transform the world.
The Problems with the Current Financial System
Gambling & Investment Mindset
Transaction costs of multi-currency World
Gambling & Investment Mindset
Irony of Wealth
Transaction costs of multi-currency World
Gambling & Investment Mindset
Transaction costs of multi-currency World
Transaction costs of multi-currency World
Transaction costs of multi-currency World
Lack of Monetary literacy
Marriage, Relationships & Financial security
Transaction costs of multi-currency World
Marriage, Relationships & Financial security
Marriage, Relationships & Financial security
Marriage, Relationships & Financial security
PROBLEM 1: Gambling and Investment Mindset
Gambling, while not inherently evil, has a massive impact on our lives today. The same can be said for financial investing, especially when it involves speculative trading. Day Trading, Swing Trading, Options Trading, Futures Trading, Cryptocurrency trading, Forex trading, Short Selling, High Frequency Trading, etc. – you name it, and we’ve got them all. All these activities, along with practices like Central Bank initiated Quantitative Easing, are all sophisticated forms of wealth extraction, not wealth creation - taking from one to give to another. Yes, if you disagree, try answering if any of these forms of trading and speculation are equivalent to new creation of real world assets or value? The answer you get probably is a No. To be clear, we are not finger pointing at anyone, rather intellectually looking at the root cause of the problem, which is – an innate insecurity for everyone about their own survival not being guaranteed.
Let’s take a step back and dive into this a bit deeper – The value of any money should not be subject to the needs and greed of speculators/traders, who want to go long or short on a nation’s currency which literally is the mode of savings for millions of people of that nation. There are no speculators in the future length of a meter or weight of a gram and so there need be none for currencies as well. Perhaps the value of currency should become part of the work of International Standards Organization (ISO) and related organizations.
PROBLEM 2: The Irony of Wealth
Wealth, which should signify success and prosperity, has instead become a symbol of a distorted economic system. In today's world, wealth often represents not productive contributions or innovation, but the ability to extract value from others. The harsh reality is that for many, wealth accumulation is a zero-sum game—one person’s gain often comes at another’s expense.
Example: Consider the case of speculative trading, where billions are made not by creating value but by betting on price fluctuations. Hedge funds, for instance, may profit immensely from a company’s downturn, essentially betting against its success. This is not wealth creation—it's wealth extraction, and it comes at a cost to the broader economy.
The pursuit of wealth in such a system isn't about enhancing well-being or contributing to society. Instead, it becomes a race to outpace inflation, to hoard money that increasingly loses its value. This leads to a vicious cycle where individuals and companies invest in speculative ventures or short-term gains rather than long-term, productive efforts.
Impact: This mindset not only squanders human potential but also diverts attention from more meaningful pursuits. For example, instead of investing in innovation, education, or sustainable practices, vast resources are funneled into financial markets that contribute little to real economic growth. As a result, society loses out on potential advancements in technology, health, and overall quality of life.
PROBLEM 3: Transaction costs of a multi-currency world
The world operates with hundreds of different currencies, each with its own value that rises and falls based on factors often beyond the control of ordinary people. One may think, what does a foreign exchange transaction have to do with my life when I don't even step out of my country? It is a valid assumption, but what about the products that you use and the spare parts they are made of—are all of them sourced from within your nation? Consider this: when you buy a smartphone or a car, many of the components are imported from around the world. The costs of these products are influenced by currency exchange rates and international transaction fees. These hidden costs can make imported goods more expensive and affect the final price you pay.
The nature of currency transaction costs, particularly in currencies, is such that for one to benefit, another must lose (with commercial banks often reaping the rewards). Billions and trillions of dollars are wasted each year in foreign exchange conversions - resources and wealth that could be better spent improving lives of people. The global financial system has become a rat race, with people and nations pitted against each other in a futile effort to maintain wealth with the battle of currencies.
PROBLEM 4: Lack of Monetary Literacy
One of the most pressing issues in our current financial system is the widespread lack of monetary literacy. Most of us are never taught the basics of how money is created and managed, neither in school nor in college. Even in economics classes, when the topic is addressed, the information often presented is misleading or incomplete. This gap in understanding leaves the public vulnerable to misconceptions about the financial system that directly impacts their lives.
A telling example of this was revealed through a global survey that asked two simple yet profound questions:
- Who creates most of the new money in the economy?
- Who do you think should create new money in the economy?
Respondents were given three choices:
a. Government
b. Commercial Bank
c. Central Bank
The results were startling. If you're reading this, you might want to take a moment to answer these questions yourself before reading further. Drumroll - the answer to the first question is Commercial Banks. Yes, contrary to what many believe, it's not the government or the central bank but commercial banks that create most of the new money in the economy. This is done through the process of loan creation, where money is essentially created out of thin air whenever a bank issues a loan. As for the second question - who should create new money in the economy? - that's a question I encourage you to ponder as you read through this piece.
Understanding the different types of money in a nation is crucial to grasping the implications of this system:
- Physical cash issued by central banks, which is the tangible money you can touch and feel.
- Central Bank reserves, which are outside the scope of this discussion, are digital records maintained by central banks on behalf of commercial banks. These reserves are not accessible to the general public.
- Debt-based money created by commercial banks, the most controversial form of money, is generated whenever a bank issues a loan. This money doesn't exist in physical form but is created electronically and constitutes 97% of the money in circulation.
The third type of money is particularly concerning because it represents a system where the power of money creation lies in the hands of private corporations rather than the people or their government. This means that the distribution of new money - and therefore new wealth - is heavily influenced by the decisions of commercial banks. Unfortunately, most people are unaware of this process and its potential dangers because they are preoccupied with the demands of everyday life, struggling to keep up with the inflationary pressures artificially created by the commercial bank money creation process.
This lack of monetary literacy not only perpetuates the status quo but also prevents meaningful discussions about alternatives that could lead to a more equitable financial system. As you continue reading, I hope to provide you with a perspective that challenges the current system and inspires a deeper understanding of how we can collectively create a more just and stable monetary framework.
PROBLEM 5: Marriage, Relationships, and Financial Security
On a more personal level, many of our social structures—like marriage—are intricately tied to financial security. While love and companionship are often cited as the primary reasons for marriage, the reality is that financial stability plays a significant role. A study by the Institute for Family Studies revealed that financial instability is one of the leading causes of relationship stress, with nearly 36% of couples citing money as a major source of conflict. In fact, many people often enter relationships not just out of love, but also because they need someone to rely on financially as they grow older. This financial dependency can create imbalances in relationships, leading to power dynamics where one partner may feel obligated to stay in a situation due to economic reasons rather than personal happiness.
But what if we could build a system where financial security was guaranteed, and people could enter relationships purely out of love and companionship? Imagine the emotional freedom this would unlock for humanity. Without the burden of financial concerns, individuals could pursue partnerships based solely on mutual respect, shared interests, and emotional connection. This could lead to healthier relationships, reduced divorce rates, and a society where people are genuinely happier and more fulfilled.
Consider countries with robust social safety nets, like Norway or Denmark, where citizens enjoy a high level of financial security. These nations also report some of the highest levels of relationship satisfaction and happiness globally. When financial stress is minimized, the focus of relationships shifts from survival to growth and emotional fulfillment. By reimagining our economic systems, we could create a world where financial stability is a given, allowing love and companionship to flourish without the shadow of financial dependence.
THE PATH FORWARD: A NEW GLOBAL FINANCIAL ARCHITECTURE
Global Single Currency
Global CBDC Layered- wallets
Global CBDC Layered- wallets
Global CBDC Layered- wallets
Global CBDC Layered- wallets
Global CBDC Layered- wallets
Universal Basic Income (UBI)
Global CBDC Layered- wallets
Decentralized Autonomous Organizations (DAOs)
Decentralized Autonomous Organizations (DAOs)
Decentralized Autonomous Organizations (DAOs)
Decentralized Autonomous Organizations (DAOs)
Towards a Warless World
Decentralized Autonomous Organizations (DAOs)
Global Sovereign Money System
Global Sovereign Money System
Decentralized Autonomous Organizations (DAOs)
Global Sovereign Money System
Preventing Global Financial Crises
Preventing Global Financial Crises
Preventing Global Financial Crises
Religion, Culture, and Ideology
Preventing Global Financial Crises
Preventing Global Financial Crises
STEP 1: A Global Single Currency
The vision for a new global financial system is one where money serves people, not the other way around. It’s a world where financial security is a given, not a privilege - a world where the playing field is level, and everyone has the opportunity to thrive. Here’s how we can get there:
- Global Single Currency: The Backbone of Economic Stability
- Why We Need It: If the Euro is possible, why not a single global currency? A global single currency would eliminate the inefficiencies and risks associated with our current fragmented system. No more worrying about exchange rates when you travel or trade internationally. No more opportunities for speculators to make money off currency fluctuations. Instead, we would have a stable, universally accepted currency that reflects the collective confidence of the world, not the fortunes of any single country. This is not only feasible but also necessary to solve the "impossible trinity" problem -the conflict between fixed exchange rates, free capital movement, and an independent monetary policy. With a single global currency, there is no need to worry about these conflicts.
- How It Would Work: This currency would be managed by an international body - perhaps a new global monetary authority - tasked with ensuring its stability and fairness. We’ve moved far away from gold standard and to operate money just as a unit of account as we are doing right now, gold standard is not even required anymore, and you will understand the reason for it under the CBDC section. Transitioning to a global currency wouldn’t happen overnight; it would mostly start with regional monetary unions, like the Eurozone, gradually expanding until it encompasses the entire world. But, hey there’s nothing wrong in aspiring for an even faster execution of a Global Monetary Union, we’ve seen the successes of Eurozone already!
STEP 2: The Global CBDC Layered Wallet
A Central Bank Digital Currency (CBDCs), especially a globally common one, has the potential to revolutionize the financial system by providing a stable, secure, and inclusive means of conducting transactions. But to truly unlock their potential, we need to design a global CBDC with layered wallet structure that addresses the needs of individuals, corporations, and governments alike. Unlike cryptocurrencies like Bitcoin, which are decentralized and often volatile, CBDCs are stable, and government backed. They represent the future of money - a future where transactions are transparent, instant, and programmable (The programmability function is often seen with skepticism, but you will understand the advantages of it below). CBDCs could be designed to prevent money from being hoarded by the wealthy, encouraging it to circulate and benefit everyone.
These are currencies issued directly by a nation’s central bank. As of Aug 2024, majority of the nations are experimenting their own CBDC design principles before officially launching, and few of them have already launched in pilot fashion. The biggest relief in this model is money creation is not done by Commercial Banks, but through Central Banks. We still need to be mindful that 1:1 parity is not allowed between a CBDC and its national bank deposit currency which would actually defeat the whole purpose.
Beyond all this, the unique proposition of this paper for CBDC is that money creation originates from the people and not from centralized authorities and trickling its way down. We are attempting a bottom-up approach, where people hold the true power in a decentralized fashion, and a key to achieving that is the layered wallet structure, which is explained below:
Layered Wallet Structure: In the Grand Global Plan, every individual and entity would have access to a global CBDC wallet (which ideally would and should have much more advanced functions – more on that later), and only the individual’s wallet is divided into six distinct layers, each with its own purpose and rules backed by a democratically decided unconditional universal basic income (UBI is explained in the next section), for all the layers.
- L1: Basic Survival Coins The first layer is designed to ensure that everyone's basic needs are met. This money, which could be given a more engaging name, is programmed to be spent exclusively on approved food suppliers worldwide. Prices are monitored and set by regional governments, ensuring affordability and access for all.
- L2: Luxury Coins The second layer represents non-programmed money that individuals can spend freely on anything they desire. Any salary or income received is considered L2 money. This layer allows for personal freedom and choice, acknowledging that not all spending needs to be regulated.
- L3: Corporate Coins The third layer is designated for corporate investments. Individuals cannot spend this money directly; it can only be invested in Decentralized Autonomous Organizations (DAOs) or the unallocated funds get automatically distributed among the all DAOs. To receive L3 money, corporations must become DAO-compliant (a subject which requires its own dedicated article), ensuring democratic decision-making and fair profit sharing among all financial stakeholders.
- L4: Governance Coins The fourth layer supports government funding at the local, state, and national levels. This money can only be used for government initiatives, with a focus on providing essential services like education, healthcare, and basic infrastructure. If left unused, the funds are automatically distributed equally among the respective governments.
- L5: Charity Money The fifth layer is reserved for charitable causes and disaster recovery efforts. This money can only be used to support organizations that meet international or regional standards. Like the other layers, unused funds are distributed equally among eligible charities.
- L6: International Money The sixth and final layer is designed to support other national governments. This money can only be spent on international cooperation and development, helping nations in need to grow and prosper.
Caveats: To encourage active participation, individuals who voluntarily transfer funds from the non-usable layers (L3-L6) receive a small encouraging bonus in their L2 funds. Additionally, all wallets are subject to a constant (democratically decided) demurrage rate, where funds are gradually transferred to respective governments and eventually destroyed at the same demurrage rate, preventing the hoarding of wealth and ensuring that money remains in circulation.
STEP 3: Retro-active Universal Basic Income(UBI)
- The Concept of UBI: Universal Basic Income is a transformative idea that provides every individual with a regular, unconditional sum of money, regardless of their employment status or income level. The goal of UBI is to ensure that everyone has enough to cover their basic needs, freeing them from the constant worry of financial insecurity.
- How UBI Fits into the Global Financial System: In this new financial architecture, UBI would be distributed through the multi-layered CBDC wallet system in a retroactive fashion (at the time of joining, based on the person's birthdate from digital identifier database of the nation) as well as active (until the person is alive) fashion, specifically through the Basic Survival Coins layer and the Layers 3-6. This ensures that everyone, no matter where they live or what they do, has access to the resources they need to live with dignity. UBI would be funded through the global single currency system, which is basically people's money (true meaning of sovereignty).
- The Benefits of UBI: By providing a financial safety net, UBI would reduce poverty, decrease income inequality, and empower individuals to pursue education, start businesses, or engage in creative and meaningful work without the fear of financial ruin. It would also help stabilize economies by increasing consumer spending, leading to more robust and resilient markets.
- Bottom-up democracy model: Most importantly, in the layers L3-L6, it is the people who decide where and which initiatives the government gets funding in, through the regularly created new money. Anyway, the money in these layers are unusable by an individual and voluntary allocation of money from these layers by a citizen is gifted back with surplus L2 money, and if voluntary allocation is missed the funds gets equally distributed to all open options of the respective L3-L6 layers.
STEP 4: Introducing DAO Compliance for Corporations
Fair Profit Sharing
Decentralized Autonomous Organizations (DAOs) are key to ensuring that wealth is distributed fairly among all stakeholders. In this system, everyone is a worker, an investor, and an economist. By gamifying these roles, we can create a society where financial decision-making is democratic and transparent, both in governments and in corporations. DAOs eliminate the need for traditional corporate hierarchies, ensuring that profits are shared equitably among all contributors.
Gamification of Roles
In the Grand Global Plan, every individual has a role to play. Whether it's working, investing, or contributing to economic decisions, everyone is empowered to participate in the financial system. This approach not only ensures fairness but also fosters a sense of community and shared purpose.
STEP 5: Towards a Warless World
Root Causes of War
One of the major causes of war is not just the fight for resources but the flaws in the current commercial banking system. When money is controlled by private interests rather than sovereign governments, conflicts arise as nations vie for economic dominance. By implementing a global sovereign money system, we can reduce the incentives for war and promote peace. Throughout history, there is little to no evidence of large-scale wars between nations that shared a common currency during the conflict period, suggesting that a globally common currency might contribute to a more cooperative and peaceful world.
Creative Potential of Humanity
Humans, if meant for a higher purpose beyond mere survival, are designed to create, learn, love, and help each other. By freeing people from the constraints of the current financial system, we can unlock their creative potential and allow them to focus on what truly matters. With AI taking over mundane jobs, there's no reason why humans shouldn't pursue their passions and leave a positive legacy, especially when their survival is taken care by the steps mentioned in this paper. This shift from "Survival of the Fittest" to "Survival of the Kindest" would mark a significant evolution in human society.
STEP 6: Global Sovereign Money System
Eliminating Wasted Human Resources Why do we spend so much time and energy deciding where to invest money to keep up with inflation? This is an utter waste of human resources. Instead, we should focus on creating a system where money retains its value without the need for constant speculation and adjustment.
Global Sovereign Money System: The world's internet is connected through thousands of wires across oceans, and similar efforts are being made with the global green grid initiative "One Sun One World One Grid." If such mammoth projects are possible, so is a global sovereign money system. By raising awareness and fostering cooperation, we can escape the invisible rat race and work together towards a better future.
STEP 7: Preventing Global Financial Crises
Addressing Currency, Banking, and Debt Crises
The Grand Global Plan aims to solve all three types of financial crises - currency crises, banking crises, and debt crises. By separating the value of money from the value of a country, we can create a stable global financial system. The value of money should be based on the confidence in the currency itself, not in any single country's economy.
Systemic Solvency Rule
To prevent financial institutions from collapsing, we propose a systemic solvency rule. This rule ensures that the value of a company's real assets is always greater than or equal to its liabilities, even in the worst possible financial state. By implementing this rule, we can keep banks and shadow banks in check, reducing the risk of financial crises.
STEP 8: The Role of Religion, Culture, and Ideology
Throughout history, every major religion, culture, and ideology has sought to realize the highest potential of humanity. Whether it's the concept of "loving thy neighbor" in Christianity, the principle of "Ahimsa" (non-violence) in Hinduism and Buddhism, the pursuit of "Tikkun Olam" (repairing the world) in Judaism, or the emphasis on "Rahmah" (mercy and compassion) in Islam, the message is clear: true fulfillment comes from compassion, kindness, and contributing to the greater good.
- Aligning Financial Systems with Universal Values: The global financial system proposed in this plan isn’t just about economics - it’s about aligning our financial practices with the universal values that promote human flourishing. By creating a system that prioritizes equity, sustainability, and shared prosperity, we can unlock the true potential of humanity. This isn’t just a financial revolution - it’s a moral one, where our economic practices reflect our deepest values and aspirations.
- Fulfilling Human Potential: When people are freed from the constant struggle for survival—when they no longer have to worry about where their next meal is coming from or whether they can afford healthcare - they can focus on what truly matters. Imagine a world where people are free to pursue their passions, whether that’s art, science, education, or helping others. This is the world we can create through the reforms outlined in this plan - a world where everyone has the opportunity to contribute their unique gifts to society.
Sources
