Whilst sitting here watching the market blow it's brains out, I had an idea.

It is my belief that the present financial system is no longer viable and the time has come to implement unprecedented change. It is time to scrap the currencies that have been relied on for so long and move to a completely new way of trading and saving. I am sure that the system I have in mind has been put forward previously and I am equally sure that it will have been dismissed out of hand without further thought, however I sincerely hope that some thought will be given to the idea at this time and that it will be considered as a real and viable solution to the present ills of our world. Any suggestions (of a constructive nature!), will be welcomed.

The idea is simplicity itself, the implementation feasible and if acted upon, the effect would be life transforming for the worlds population. I firmly believe that any problem brought up by the plan could be quickly solved.

The new system would replace the existing money with a credit system divided into 3 categories:-

1) Work credits.
2) Community credits.
3) Green credits

1) Work credits. To be given for all types of work, the number to be based on existing money payments. Credit payment scales to be set for new jobs created by the system.

2) Community credits. To be given for all work within individuals local community covering everything form care of the elderly, disabled and mentally impaired to general care such as litter picking, keeping the environment tidy. This would ensure that there would be no reason for any able bodied person not to work.

3) Green credits. To be given for all green achievements from recycling and energy saving to car sharing etc.

Overseers would be required to control each section, and to promote motivation they would be paid in credits equal to the top credit earner in their section. A central computer system would be set up, with multiple back up, for storing credits information.

All outlets would be equipped with fingerprint and eye recognition equipment to recognise the credit holder for exchange of credits for goods. Goods to be priced in units of a credit.

At the point of changeover from the present monetary system existing wealth to be converted to credits. Creditors to be paid in credits equal to the amount owing to them: debtors to have their debts eliminated without penalty.

Existing stocks, shares and dividends to be converted to the credit system, otherwise operating as at present.


Under the new system there would be no limits to expenditure on education, hospitals, medical research and anything of benefit to the population. There would be careful monitoring of such expenditure by selected governing bodies.

The new system would allow us to abolish income tax; there would be free expenditure by government and local government on a level to be decided by the public.

Every member of the population to be given an equal number of starter credits, followed by annual bonus number of credits, regardless of their contribution to the workforce.

Easy to obtain credit. Stringent vetting of applicants. Simple method of repayment over predetermined but flexible term, income from weekly/monthly credits reduced to ensure repayment of loan. It would be possible to implement a permanent fixing of interest rates.

Existing financial and revenue bodies to oversee the running of all accounts and investigate any irregularities and unusual transactions.

The advantages of the new system would be the immediate elimination of world debt and poverty. No fund raising is necessary as a credits system would be self financing. It would bring out new technologies, new medicines, new thinking, all of which have previously been stifled by the financial system. With careful monitoring there should be no reason why the Earths resources should be put in jeopardy. I also believe that the system would drastically reduce crime.

Obviously this is a very brief outline of what could be achieved by such a system and what would be required to implement it: however, if a view can be taken outside the present financial one, remembering that it would cost nothing to start it and ensure that it works, then I am confident that it could be adopted world-wide.

Please give the matter some thought; a change is needed, is inevitable and with this system, workable and would create a debt free society.


Yes, ok it's a joke but who knows, it could work and if you think it will not work give your reasons and the problems you envisage would occur; maybe they could be solved?!

That BUY note i promised in
full 34 pages.........

http://www.berenberg.de/cgi-bin/content/content.cgi?rm=show_doc&session_id=3b45d89c528a9cd5ba328dff5ae03eeb&sb_userid=0&sb_eventid=0

BUY
Rating system
Current price
GBp 208
Relative
Price target
GBp 265p
22/11/2012 London Close
Market cap GBP 1,988 m
Reuters TALK.L
Bloomberg TALK LN
Changes made in this note
Rating Buy (Hold)
Price target GBp 265 (180.00)

27 Nov TalkTalk Telecom... TALK UBS Buy 212.00 211.40 200.00 240.00 Retains

TARGET SP 240p

Nov TalkTalk Telecom... TALK Nomura Buy 0.00 213.00 190.00 275.00 Reiterates

275p SP Target.

TalkTalk Telecom Group plc (Telecommunications – Buy (from
Hold); PT GBp 265 (from GBp 180)) – Gross margin accretion
should drive momentum: TalkTalk is a structural gross margin growth
story and will continue to benefit from trends in price inflation,
subscriber mix and falling ULL rates. We upgrade to Buy.

TALK Talk Talk

Suprised this one is still
priced so cheaply. A present P/E of
just 8.5 and a PEG of 0.37

far far too cheap.

Priced for growth imo

TalkTalk Telecom Group Share Price Information

Name TalkTalk Telecom Group Epic TALK

Activites Provides fixed line voice and broadband telecommunications
Reuters TALK.L ISIN GB00B4YCDF59 Google Finance LON:TALK

Share Price (p) 222.95 Prev. Share Price (p) 223.30
Shares in Issue (m) 914 Market Cap (£m) 2,041
PE Ratio (x) 8.75 Div per share (p) 6.40
Div yield (%) 4.49 Div cover (x) 2.38
EPS (p) 15.60 PEG 0.37


NORWICH & PETERBOROUGH BUILDING SOCIETY

TALK

Breakout.......