The Organizational Structure Of The SMF? How Should The USMF Ensure Transparent Operations?
The use of bonds is not restricted to individual consumers. Traders, manufacturers, importers, agriculturists, and corporate entities will also require bonds for their day-to-day use. These bond users will buy and sell their merchandise through the United States Monetary Fund (USMF). Spare bonds can be sold on the open market at a profit or surrendered to the government to obtain duty-free options.
The use of black money in this system will not generate the same amount of revenue in subsequent years. What remedies are available to the government?
The government will invest black money or extra cash in high-tech companies, big business, and land reforms, and it will receive a profit from these investments every year. Therefore, the government …show more content…
How does it operate?
The USMF will be a private organization selected by an open-bidding process. It will be responsible for selling bonds through agents, collecting funds from agents, and depositing these funds in government accounts. The USMF will operate regional offices, which will monitor branch offices in each city in their region. These branch offices will be linked by the latest information technology and will be located in the smallest village.
How will the USMF ensure transparent operations?
In order to ensure the USMF’s operations are transparent, the next three lowest bidders will be appointed auditors for a fixed fee. In addition, in the case of fraud or mistakes, these auditors will receive 50% of any penalties (i.e., 10 times the amount involved) imposed on the USMF. The government will be the fourth auditor.
Why will the USMF need 100,000 offices with 500,000 employees?
These offices and employees will be administrative in nature, which will ensure smooth, transparent operations, and they will be responsible for maintaining a record of bond sales. In addition, they will dispense bonds to bonds agents. How will the USMF monitor sales and control revenue collection from bond …show more content…
In addition, this system will promote the creation of new industries and increased production in existing industries, which will increase the number of available jobs. This will definitely help reduce poverty in the United States. In a very first week, all unemployed people will be able to get job as a bond agent and earn a decent living at no cost to the government.
How can a poor person obtain bonds at the lowest rates?
Groups of low-income people can combine their funds and buy low-cost bonds during the discount period. In addition, for a security deposit of US$100, a person can buy bonds throughout the year for at least four bonds per dollar in the open market or through the bank by agreement at the start of the system.
Will MBBS create real economic activity?
Yes. MBBS will produce an industrial boom because there will be no tax, no duty, and production costs will be reduced by 50%. This will create jobs and increase exports and reduce imports. With state offering to provide 80% cash to all big businesses on profit and loss sharing basis and major portion (60 %) of the profit going to private investors there will be big boom in the industrial sector which is the back bone of the
The use of black money in this system will not generate the same amount of revenue in subsequent years. What remedies are available to the government?
The government will invest black money or extra cash in high-tech companies, big business, and land reforms, and it will receive a profit from these investments every year. Therefore, the government …show more content…
How does it operate?
The USMF will be a private organization selected by an open-bidding process. It will be responsible for selling bonds through agents, collecting funds from agents, and depositing these funds in government accounts. The USMF will operate regional offices, which will monitor branch offices in each city in their region. These branch offices will be linked by the latest information technology and will be located in the smallest village.
How will the USMF ensure transparent operations?
In order to ensure the USMF’s operations are transparent, the next three lowest bidders will be appointed auditors for a fixed fee. In addition, in the case of fraud or mistakes, these auditors will receive 50% of any penalties (i.e., 10 times the amount involved) imposed on the USMF. The government will be the fourth auditor.
Why will the USMF need 100,000 offices with 500,000 employees?
These offices and employees will be administrative in nature, which will ensure smooth, transparent operations, and they will be responsible for maintaining a record of bond sales. In addition, they will dispense bonds to bonds agents. How will the USMF monitor sales and control revenue collection from bond …show more content…
In addition, this system will promote the creation of new industries and increased production in existing industries, which will increase the number of available jobs. This will definitely help reduce poverty in the United States. In a very first week, all unemployed people will be able to get job as a bond agent and earn a decent living at no cost to the government.
How can a poor person obtain bonds at the lowest rates?
Groups of low-income people can combine their funds and buy low-cost bonds during the discount period. In addition, for a security deposit of US$100, a person can buy bonds throughout the year for at least four bonds per dollar in the open market or through the bank by agreement at the start of the system.
Will MBBS create real economic activity?
Yes. MBBS will produce an industrial boom because there will be no tax, no duty, and production costs will be reduced by 50%. This will create jobs and increase exports and reduce imports. With state offering to provide 80% cash to all big businesses on profit and loss sharing basis and major portion (60 %) of the profit going to private investors there will be big boom in the industrial sector which is the back bone of the