Surplus and credit
The ability to produce stable and maintain a surplus of goods essential for survival has allowed the population to engage in other activities.
The division of labour has favoured the specialization from which the general increase in production capacity and the ability to produce surplus for other goods.1
As long as the surpluses remain under the control of who produces them, the difference between the material conditions of human beings depends on their productive capacity and by the socialization of labour the difference tends to a minimum.
However, if the surpluses are subtracted from those who produce them, they focus in favour of a minority and the difference in material conditions among the population tends to the maximum.
To accumulate more wealth, the minority that controls the surplus tends to increase them.
The only way that the minority can take to increase the surplus in their favour is divert as much as possible with producers taking advantage of the productive work.
Until the use of accumulated surplus provides new surplus, the minority that holds them tends to increase production.
When, due to the increase in production capacity and surplus subtracted to those who produce, the quantity of goods produced exceeds the purchasing power of producers, a growing part of the accumulated surplus is no longer used in production, but given the majority no surplus to sustain consumption.
However, consuming more than it receives for his work, at some point the majority is unable to repay the loans so that they become uncollectible.2
Then, loads are interrupted, consumption is reduced and consequently the production and the new surplus, while the surplus previously accumulated and not used in the production are exchanged between them to form the so-called bubbles, with which it is obtained a apparent surplus and no real value.3
At some point, a majority of the population, despite having acquired the ability to produce enough to live and grow, no longer able to meet even their basic needs and is forced to intervene to redistribute wealth from those who have more to those who have less or nothing.
The spontaneous effect of the majority action is the tendency of the implosion of the minority that controls most of the wealth.
Who with more perceived this trend and tries to stop it by subtracting the other holders of surplus wealth for maximum concentration and maximum centralization but doing so at the end is increasingly isolated from almost the entire population.5
When the pressure of the vast majority causes the implosion of the minority, with the sudden failure of the legal, political, scientific, metaphysical, artistic, philosophical and moral forms (the ideological superstructure) that have allowed the subtraction of the surplus and the concentration of wealth, some fragments of these forms (elections, virtual money, technology and other) are projected on the minority eliminating forever their objective conditions of existence.
With the implosion of the minority and the elimination of its material conditions, the entire society reorganizes itself and manages the new surplus in the cooperation.
The transition process is not automatic but must be activated before it implodes the whole system: when the vast majority of us will have understood alone as things really are, there will be no need to trigger any change, but the majority will no longer exist (also due to war) and will be lived in vain.
The change must be primed before the implosion process becomes (hysteresis) irreversible. And the trigger can only be done using a different means some of the same system that you want to transform.
One such means is the credit, the lifeblood of the economy developed. With appropriate methods, you can bring finance and credit to the real economy, to those who produce and consume goods and services used to live free from want.
The trust loan without interest to the real economy is one of the means by which stops the current process. This frees up the production from one of its factors: the annuity.
Consider the current real situation. The banking system is technically insolvent because it has issued money without real value for a huge amount, and because the total losses from bad debts is vastly superior to its total assets.5
Central banks create money from nothing: some, like the Federal Reserve of the United States, use it by buying debt that can never be repaid, while others, such as the European Central Bank, lend to commercial banks in exchange for guarantees on securities debt of states and banks that can never be paid but only constantly renewed.
Commercial banks create money through loans: they loan money does not exist and deposit it in accounts of the beneficiaries. The money transfer has become like a bill with no end that the banking system as a whole will never pay.6
The states are in debt for amounts that can never be repaid and have future commitments (such as pensions) that will cannot fulfil towards their people.
Companies are indebted for unproductive investments (including construction) and many families are indebted to buy goods and services that are often unnecessary.
At the same time, she trained an enormous concentration of wealth real and apparent in favour of a small minority of the population and the impoverishment of the majority.
Are the effects of financialization according to official data, the productive capital is equal to four times the annual world production, while the speculative capital (pseudo-capital) equal to two and a half times the production capital. Paradoxical.
And while the financial speculation on raw materials, essential commodities (food, drugs, etc.) and derivatives most complicated, the real economy is in crisis and without credit.
Thus, states have insurmountable debts and commitments, the banks losses could not be filled, the companies (except for the handful of multinationals that control seventy percent of the world) are under utilized and often abandoned, many forces are working or unemployed underemployed, five out of seven people are poor and one in seven does not have enough food.
This while in the U.S. and other Western countries one percent of the population has almost ninety percent of economic resources.
The situation is unbearable, especially for the poorest people. Improve it using the same methods that caused it is impossible, it is pure illusion. It certainly does not serve proclamations and promises that can never be maintained.7
But we must not resign. Humanity does not deserve this state and has the ability to improve itself. We need realism. Not to be confused with conformism. We cannot meet our needs by continuing to ask what others want to keep to themselves.
For decades, people in the countries that have adopted industrial production have lived by exploiting the resources and work of the countries with less developed economies. And they lived with the hypocrisy of those urges, make alms and moralizing, but does everything to make more and more wealth.
It is a story with ancient origins. The democratic Athens was built on slavery. And so Rome. And the United States of America until 1865. Even today, tens of millions of people, including many children, are living in conditions of slavery. Even in so-called civilized countries.
This millenary injustice is the fundamental cause of the current crisis. Because «one people can not be free if it oppresses another people.» And since the banking system is no longer able to perform its function for the real economy, this must be replaced.
From this observation comes EkaBank, a universal credit system on the trust and without interest that allows to buy what they need to live without waste and produce work that is required within the limits of sustainability of nature.
EkaBank is an honest initiative and without tricks for honest people who want to live without cheating and without being deceived.
Who made available to EkaBank the initial assets (200 billion euros) is in absolute good faith and has no profit. He just wants to come out soon from the chaos.
The EkaBank system is simple: participants (users) can pay and receive interest-free loans in the currency of choice.
EkaBank functions as a single world bank. Do not need reserves because the loans are completely independent of the deposits. It needs no clearing house.8
To avoid any kind of pollution or abuse from the outside, EkaBank not have any relationship with the current banking system, either incoming or outgoing, and must not receive any physical money (coins and banknotes) or external electronic money.
EkaBank presupposes good faith and good sense of the human person, the idea that everyone can be aware of being part of a single whole in which all have an obligation to do what they can and everyone has a right to survive and develop.
With EkaBank we can have full employment and the satisfaction of basic needs of every human being through forms of solidarity (the partial or total remission of the debt) for those who cannot work and produce.
Who, being unable to work and having no credit, is unable to state the terms of repayment, cannot ask a loan but can be helped by those who find themselves in a position to do so. No one should be excluded from the opportunity to live in dignity.
EkaBank is therefore the means, which allow mankind to make a real transition from the effects of the past to the construction of a new future.
The EkaBank accounts are open on the payments system KyberPay in the currency preferred by individual users and denominated in grams of platinum, so that if inflation is not lost purchasing power of money available to the account.
From all accounts you can transfer money in any currency at the exchange rate of the previous day when the transaction is executed.
It is not possible that the system can stop or suspend for lack of liquidity (EkaBank has not and can not have debt) or for any other reason.
Since the use of EkaBank with KyberPay requires access to the Internet, who is unable to do so can be directly register and manage the account by another user.
EkaBank is certainly not the ideal solution and the final (best would be to replace the legal tender - that has not and does not represent any real value exists - with a global currency of work, entirely guaranteed by the actual value and with a maximum issue, to be allocated equally to all inhabitants of the planet, but that's another story) and yet is the most practical and effective in this historical moment and with the current mindset can be adopted.
Primary purpose of EkaBank is to finance ideas, projects, capacity and will to achieve them.
Only in this mode we can meet the needs of every human being and combine the forces of production, that means the socialization of labour have been a sufficient level of development, with the socialization of the means of production, to produce to meet needs and not for profit, in limits of sustainability of the biosphere.
EkaBank is the transient, insufficient but necessary tool to implement Dante's famous exhortation: «Consider your origin: you were not made to live like brutes but to follow virtue and knowledge.»
Who is interested in using EkaBank must register him as a user of www.ekabank.org.
To each EkaBank user is assigned an EkaBank account on KyberPay system.
With the EkaBank account you can exchange money (and collect pay) with other users.
To pay by EkaBank must know the account number of the recipient.
If the beneficiary is not a user EkaBank, you must invite him to register.
Each user EkaBank can get a loan on trust, without interest.
The loan application must give amount, purpose and terms of repayment.
The loan is credited to the account EkaBank of the applicant.