Comments on: A New Financial Governance Model for the New Global Economy of the 21st Century https://itnifa2015.weaconferences.net/papers/a-new-financial-governance-model-for-the-new-global-economy-of-the-21st-century/ 15th May – 20th July, 2015 Mon, 09 Jun 2025 11:48:25 +0000 hourly 1 By: Constantine Passaris https://itnifa2015.weaconferences.net/papers/a-new-financial-governance-model-for-the-new-global-economy-of-the-21st-century/#comment-86 Wed, 01 Jul 2015 14:38:21 +0000 http://itnifa2015.weaconferences.net/?post_type=wea_paper&p=52#comment-86 In reply to pasbaxo.

Thank you pasbaxo for taking the time to send me your thoughtful comments. I will be taking them into consideration for future revisions to my paper.

]]> By: pasbaxo https://itnifa2015.weaconferences.net/papers/a-new-financial-governance-model-for-the-new-global-economy-of-the-21st-century/#comment-73 Sun, 21 Jun 2015 15:40:28 +0000 http://itnifa2015.weaconferences.net/?post_type=wea_paper&p=52#comment-73 And at the end jumped the solution out of Passaris’ brainbox: A Financial Commission should control
the regulation of the total financial household, incl . the creation of a financial firewall financed by bank taxes, the creation and maintainance of full employment , and guarantee to growth. A genial thought.
But only to be financed by banktaxes on financial transactions? This totally unrealistic thought and consequented practical attempt could of course not cover the tremendous debts originated by an
insufficient financing system : loans to the production sector and tax income to governmental sector.
And in this recently practizing system is even hardly place to finance the service tasks of banks , falling in the same loantrap as their borrowing production serving and private clients. The only solution could exist in a legalized financing system of debtless liquidities to all essential sectors , created by Central Bank not pretending ownership in their Statute, and distributed by the Minister of Finance as represenative of the government as public person. Funding the total financial household sectors for 100% to finance their annual budgets could mean a thought in a realistic direction.

]]> By: pasbaxo https://itnifa2015.weaconferences.net/papers/a-new-financial-governance-model-for-the-new-global-economy-of-the-21st-century/#comment-38 Thu, 28 May 2015 09:27:51 +0000 http://itnifa2015.weaconferences.net/?post_type=wea_paper&p=52#comment-38 “Growth and full employment as purposes to a new Financial Commission”.
Growth in total is on short term not reachable , considering the population numbers fromoff 1963 :
1963 : 3 big milliard = 3000 new mlliard = 3 000 000 000 000 people on the world
2015 : 70 small milliard = 70 000 000 000 people on the world. Only 2 % is left.
Growth computed per capita should theoretically be possible, but the population notes-line is predicting a
complete vacuum. Population of EU deminuated fromoff 2001 (Euro-introduction) to 2015
from 500 000 000 to 350 000 000 people.
No indication is given how to bestruggle unemployment. The logical derivable solution lays in
another approach to labour participation: The offering labour hours are to be divided by the offered
labourers . If the average wage is not resulting in enough income to pay essential life needs to every
participant electronic banknotes printing should deliver debtless rest parts. Presupposition: all jobs are payed on the same level.

]]> By: pasbaxo https://itnifa2015.weaconferences.net/papers/a-new-financial-governance-model-for-the-new-global-economy-of-the-21st-century/#comment-19 Wed, 20 May 2015 07:59:04 +0000 http://itnifa2015.weaconferences.net/?post_type=wea_paper&p=52#comment-19 Time irrelevance ? Debts relievance urgence and impossiblity: infinite debt equities.

]]> By: David Chester https://itnifa2015.weaconferences.net/papers/a-new-financial-governance-model-for-the-new-global-economy-of-the-21st-century/#comment-10 Sun, 17 May 2015 09:40:42 +0000 http://itnifa2015.weaconferences.net/?post_type=wea_paper&p=52#comment-10 Where is the model?

]]> By: Charles Fasola https://itnifa2015.weaconferences.net/papers/a-new-financial-governance-model-for-the-new-global-economy-of-the-21st-century/#comment-4 Sat, 16 May 2015 16:43:02 +0000 http://itnifa2015.weaconferences.net/?post_type=wea_paper&p=52#comment-4 If the events of 2008 took “everyone” by surprise then the so-called “everybody” where either in a self induced coma or where simply imprisoned within their own ideological cage. The statement is preposterous.

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