CONTACT DETAILS - TWEETING ETC. - SEE END OF PAGE
The Next Mortgage Cost Increase Can Destroy You.
I PROMISED TO PROVIDE SOME LINKS ON THIS PAGE
HERE ARE THE LINKS:
https://macro-economic-design.blogspot.com/p/basic-theory.html
https://www.youtube.
The distortions are massively expensive both socially and financially as explained
SOLUTIONS
I was congratulated by everyone including one currency official, on this solution:
http://www.chronicle.co.zw/jump-starting-the-economy/
NEW PAGE ADDED
WEALTH BONDS
TO REPLACE TREASURIES
Savings must keep pace with National Average Earnings / a Wages Index
Tax free
For the economy it is like the Dutch Disease without the benefits of an oil strike. When the Netherlands struck oil in the 1970s, the currency rose in price and exporters lost their jobs. The same thing happened in the late 1980s when the price of oil fell and oil exporters stopped buying from other nations. They expected a boom but they got a slowdown. Any re-arrangement of what people are buying slows the entire economy.
For an aircraft it would be like having it roll to one side when the intention of the pilot was to slow down. It would do both.
http://ingram-school-illustrations.blogspot.com/p/re-writes-updates-and-additional_8.html
GENERAL EQUATIONS FOR THE REPAYMENT OF DEBT.
https://macro-economic-design.blogspot.com/p/the-film-script.html
www.nustcce.com
on the professional courses page - top of the list MACRO-ECONOMIC DESIGN & MANAGEMENT
This is free for anyone sending me an email at edward.ingram2009@gmail.com
For the advanced economies there is the LOW INFLATION TRAP page.
https://macro-economic-design.blogspot.com/p/low-inflation-trap.html
THE PRACTICAL WAY FORWARD
The same applies any nation - It is online.
END OF QUICK NOTICE FOR TODAY.
WORLD CAMPAIGN FOR FINANCIAL FAIRNESS
A VIDEO CLICK HERE
JOIN THE CAMPAIGN
We are seeking
There are three election winners available:
DONATIONS
Click here to see where your donation will be spent and how to pay
The Ingram Economics Limited UK current account is:
23-69-72 07698446
OR to
TOGETHER
OR to
The Next Mortgage Cost Increase Can Destroy You.
Tell your MP. Mark Carney says mortgage costs may rise by 50%* within three years after Brexit. Take Action NOW. Click HERE
*What he actually said was that house price may fall by 35% - because of mortgage cost increases as interest rates rise. Sky News interviewed a few key people from the 2008 crisis. They all see the next mortgage crisis coming soon. I don't agree but I do agree that interest rates are rising and must rise. America has made changes and can force the pace better than other nations who will try to follow resulting in currency problems or massive mortgage cost problems for the UK and developing nations - most nations.
THE BOOK - A NEW PEER REVIEW
"This book could blow the doors off all schools of economics and stabilize the world's economies." - Alan Gray Editor and CEO at Newsblaze.
ABSTRACT
'Financial Stability - A New Way Forward'
The way economies are designed, run, and managed, is
inherently unstable. We can see that if account is taken of inflation and how
the economy responds, these adjustments constantly create winners and losers. This
is because the financial economy, consisting of contracts for savings and debt,
regulations and taxation, along with the currency markets, is not being
permitted to behave in the free market kind of way that it should. There is a
solution which is to make the needed changes so the whole economy can behave in
the way it is supposed to behave with market forces taking on their proper
role.
This is Part 1 of the book. Part 2 is about management of the economies of nations. There are significant sructureal changes proposed to remove delays, tighten control, and eliminate the total dependence on debt, making stimuli come in a balanced way through money creation and deletion as needed.
A
Tract on Financial Stability
When
J M Keynes wrote his ‘A tract on Monetary Policy. ‘ (Macmillan,
1923) the problems that economics faced at the time were two.
- The management of inflation.
-
The management of, or the removal of, financial instability in the financial framework.
In
his very first chapter, Keynes identified both problems. He
wrote:
‘Money
is only important for what it will procure. Thus a change in the
monetary unit, which is uniform in its operation and affects all
transactions equally, has no consequences.’
He
identified Sovereign Debt as a financially unstable contract, with
consequences. It re-distributes wealth. But instead of reforming the
contract or suggesting any reform, he put this forward as a reason to
manage the rate of inflation on the grounds that at high levels of
inflation the re-distribution of wealth became faster.
Keynes
did not write that the contract was at fault and that it ought to be
changed. He did not write the other tract, on how to remove such
financial instabilities. That task has been passed to us. This is
the missing other tract.
What
we now know, and what is demonstrated in this paper, is that as
inflation reduces beyond a certain point the financial instability
and the inequality of wealth distribution, of treasuries and of
property finance rises. The value of treasuries inflates faster as
interest rates fall; and the cost of housing finance reduces very
fast at the same time, leading to an increasingly leveraged boost to
the ‘loan: income’ multiple that also inflates property values.
If
these assets, sovereign debt and property, are included in an
inflation index of everything money can pay for / be exchanged for,
and the cost of finance for property, as they all ought to be if
calculating the value of money, this part of the index rises
increasingly fast while the rest of the index, including National
Average Earnings, NAE, rises in the usual way that goods and services
and even rentals rise. There is no leverage and all prices and costs
in the rest of the economy, (risk-related and perceived values such
as equities excepted), are able to adjust in the same direction –
up, not down and not leveraged. Everything else, except the value of
the currency, adjusts equally.
Whereas,
in this paper it is shown that if all three of these parts of the
financial framework, debt, its monthly repayment costs, and the value
of the currency, are redesigned to adjust prices and costs
proportionately alongside all else, inflation can fall as far as zero
without causing any disturbingly large quantity of that kind of
financial instability.
The
lower the rate of inflation the less disturbance there is because the
adjustments needed get smaller and the lag in the adjustment process
diminishes in its effect on inequality, which is what economists in
general believe should be the case, but currently is not the case.
As
J M Keynes wrote:
‘Money
is only important for what it will procure. Thus a change in the
monetary unit, which is uniform in its operation and affects all
transactions equally, has no consequences.’
------------------------------------------------------
THE STATE OF PLAY
The second edition of the new book...
HOW TO END THE WORLD'S FINANCIAL CHAOS
...is being drafted alongside a now completed script for webinars and presentations at events. This draft live presentation script is what triggered Alan Gray's above review.
OUTLINE
In outline it says that the failure to do inflation-accounting for savings and loans means that inflation-based capital growth is treated as expenditure on home loans and for government debt and commercial debt. This is why homes get repossessed as the cost of repayments leaps around. It is why lenders go under in a rash of repossessions and auctioned homes...it is why larger deposits are needed to protect lenders and it is why house prices inflate and deflate far more than they should.
This enlarges the business cycle and brings on recessions.
It is why investing mandatry reserves in government debt does not protect pension funds or lenders - the fixed rate of interest goes out of date as soon as interest rates rise so no one wants to buy that security until it has fallen in value to restore the return on capital. So the value of managed funds like pension funds falls and people lose out. The same with trust funds and the same for lenders that are all forced to buy these securities by legislation. There is no real protection given by the reserves. On the contrary.
There is no safe place for savings.
There can be and this has to be fixed.
HERE ARE THE LINKS:
#1 A quick look at THE BASIC THEORY tells you that something is drastically wrong with the world's economies. The instruments that transmit instructions to the economy as the policy makers pull their levers (like interest rate changes) can send the economy into all kinds of complications. If that happened in an aircraft it could easily crash.
The science of economics has been over-ruled in this way. But that can be changed.
The science of economics has been over-ruled in this way. But that can be changed.
https://macro-economic-design.blogspot.com/p/basic-theory.html
#2 A VIDEO EXPLAINS SOME OF THE DISTORTIONS THAT ECONOMIES SUFFER - BUT NOT THE SOLUTIONS
https://www.youtube.
The distortions are massively expensive both socially and financially as explained
SOLUTIONS
#3 CURRENCY and CASH and MONEY AT BANK
Zimbabwe has too little Forex and too little money in circulation. This is not necessary. It can be dealt with right away.
Zimbabwe has too little Forex and too little money in circulation. This is not necessary. It can be dealt with right away.
I was congratulated by everyone including one currency official, on this solution:
http://www.chronicle.co.zw/jump-starting-the-economy/
NEW PAGE ADDED
WEALTH BONDS
TO REPLACE TREASURIES
You may be pleasantly surprised by the extent of your ignorance about what wealth preservation means.
Savings must keep pace with National Average Earnings / a Wages Index
Tax free
Imagine that everyone got an average wage rise of 10% and they did not work 10% more hours in return for that. They would be able to repay their loans to savers / lenders using 10% fewer hours at work. That is not fair. 10% interest, tax free, needs to be added to compensate and interest on top to prevent a run of borrowing...otherwise everyone will wish to borrow.
#4. HOUSING AND COMMERCIAL FINANCE
People think that mortgages must be repaid using level payments - fixed payments every month. But with a variable rate of interest that can lead to a huge jump up in the cost. This has all kinds of devastating consequences that sheds jobs, destroys family and business budgets, ends in broken homes and home repossessions, even bust banks as property prices fall when they ought to be rising. Then larger deposits are asked for next time and lenders' reserves are increased, adding to costs.
For the economy it is like the Dutch Disease without the benefits of an oil strike. When the Netherlands struck oil in the 1970s, the currency rose in price and exporters lost their jobs. The same thing happened in the late 1980s when the price of oil fell and oil exporters stopped buying from other nations. They expected a boom but they got a slowdown. Any re-arrangement of what people are buying slows the entire economy.
For an aircraft it would be like having it roll to one side when the intention of the pilot was to slow down. It would do both.
REMEDY
FOR THE ECONOMY IT WOULD BE BETTER FOR BORROWERS TO PAY 1% P.A. MORE. NOT LEAP UP THEIR PAYMENTS.
If you are caught in this trap, ask a friend or a family member to lend you some money so that you can pay the 1% p.a. extra that is needed tp repay on time and the lenders still gets the craz\y increase in the payments as required by legislation.
FOR THE ECONOMY IT WOULD BE BETTER FOR BORROWERS TO PAY 1% P.A. MORE. NOT LEAP UP THEIR PAYMENTS.
If you are caught in this trap, ask a friend or a family member to lend you some money so that you can pay the 1% p.a. extra that is needed tp repay on time and the lenders still gets the craz\y increase in the payments as required by legislation.
Then it becomes the same as Rentals - if inflation and NAE were to rise 1% more quickly then anyone would expect rentals to rise 1% p.a. faster and mortgage reapyments to do the same - unless they were organised to fall every year in which case they would fall 1% p.a. more slowly.
Lenders need to learn the full mathematics for lending and repayments. It is available here:
The title is
GENERAL EQUATIONS FOR THE REPAYMENT OF DEBT.
Normally the equations used are one dimentional - they occupy a vertical line with no chance to deviate onto another axis where the level of payments can be increased or decreased on a regular basis.
Hence the words 'General Equations' - A second axis has been added allowing payments to vary over time. They encompass every option available for managing the repayments.
Hence the words 'General Equations' - A second axis has been added allowing payments to vary over time. They encompass every option available for managing the repayments.
#5. POLITICAL FILM SCRIPT
https://macro-economic-design.blogspot.com/p/the-film-script.html
THIS FILM SCRIPT IS FOR ANY PARTY WANTING TO WIN AN ELECTION BY MAKING THESE REFORMS OR PROMISING TO DO SO.
#6 THE UNIVERSITY COURSE IS AT
www.nustcce.com
on the professional courses page - top of the list MACRO-ECONOMIC DESIGN & MANAGEMENT
This is free for anyone sending me an email at edward.ingram2009@gmail.com
#7 QE and MONETARY POLICY IN THE ADVANCED ECONOMIES
For the advanced economies there is the LOW INFLATION TRAP page.
https://macro-economic-design.blogspot.com/p/low-inflation-trap.html
#8 ANOTHER WAY TO KNOW THAT SOMETHING IS DRASTICALLY WRONG IS THIS:
Financial stability is supposed to increase as inflation and interest rates fall. In fact it gets worse. Hence the low inflation trap - the trap that prevents the Fed and others raising interest rates back to their norm.
Wealth Bonds, savings that increase at the same rate as NAE, and the ILS model for housing finance can remove most of the problem.
The currency pricing problem remains and can also be solved. When inflation rises the value of the currency ought to fall to make imports more expensive but the policy-maker pilots find that the opposite happens - at first, making for even more complications.
THE PRACTICAL WAY FORWARD
Participation in the NUST-CCE course is the way forward for implementation becauset that is where we are expecting the key players to join in the workshops to plan the way out.
The same applies any nation - It is online.
#9 You may explore other pages on this main blog to find out more. The PEER REVIEWS are excellent and Tim Hosking's comparisons with other schools of economics shows that this is way ahead of all of them.
END OF QUICK NOTICE FOR TODAY.
WORLD CAMPAIGN FOR FINANCIAL FAIRNESS
A VIDEO CLICK HERE
JOIN THE CAMPAIGN
The Institute for Global Issues and Solutions told
Readers of the May 2018 edition:
“…The world’s economies are chaotic by
nature. There are too many targets for monetary
policy to be able to cope. This a massive waste of resources. It causes
monumental amounts of damage including social damage, ruining millions of
families and businesses worldwide every year. Governments fall because of it and
their replacements know no better.
The reason is quite elementary, but no
one has addressed it before.”
The author goes on to present a unique alternative
to traditional financial systems.
A new page has been added on 1st June - the first of a series of published comments and answers given in the public domain to explain the real-world practical implications on the public domains.
HOW IT ALL WORKS - the entire Ingram Model for a stable and optimised economy. This is far more than is needed to be done to get elected or to protect you and your dearest. You only need safe finance. That is where the campaign starts.
To read about all of the proposals click here: DON'T FORECAST - JUST STEER
HOW IT ALL WORKS - the entire Ingram Model for a stable and optimised economy. This is far more than is needed to be done to get elected or to protect you and your dearest. You only need safe finance. That is where the campaign starts.
To read about all of the proposals click here: DON'T FORECAST - JUST STEER
We are seeking
1.
Political campaigners – Vote for candidates that support
this
2. Actuaries to learn and teach this at the university
we use for educating the Financial
Services Sector about implementation.
3.
Fund raisers
4.
Web developers
5.
Legal expertise
6.
Administr.
ators
ators
7.
Publicists – macro-economic writers
8.
People that know people in high positions in
governments and academic institutions
9.
Badge and Emblem manufacturers
10.Clothing
designers willing to incorporate the emblem or the badge etc.
and of course:
DONATIONS
– Banking details below
The money goes towards:
- Creating an active support group to lobby governments around the world.
- The marketing campaign
- Developing a new and better website for news, articles, and reader participation at: www.ingrameconomics.com
- Improving the university course at NUST-CCE
- Further Research and Development
STRATEGY
It is estimated that ANY political party can win an election by doing
these simple things:
#1 Protect savings and pensions while at the same
time
#2 Reducing the cost of the national debt, and
#3 Making banks safer.
How to do this:
Debt and savings are
index-linked to National Average Earnings, NAE. A prime mortgage will cost the
borrower more than this in interest, so:
- A government can pay 1% interest and save money
- Pension funds can invest and pay benefits that rise as if the retirees were still working
- Capital invested / saved is similarly protected for life
#2 Protect borrowers and the construction sector –
by allowing the Ingram Lending and Savings (ILS) Model for Housing and
Commercial Finance to operate in place of the unsafe model that we have today.
This alternative will:
- Protect families from Arrears and Home Repossessions
- Stabilise a third of some national economies
- Provide more housing
PROOF:
See the PEER REVIEWS and
THE BOARD OF DIRECTORS AND CONSULTANTS involved.
AT ELECTION TIME
# For the ruling
party delivery wins
# For the
opposition promises win
There are three election winners available:
- Boost the economy
- Provide safe savings, safe pensions, and
- Provide safe, affordable, housing finance.
FACT: if you do the latter (2 and 3) you also do
the former - grow the economy.
FACT: IT IS EASY TO DO
NOBEL PRIZE NOMINATIONS
Two universities have already offered to nominate
the writer of the book due out shortly, and entitled HOW TO END THEWORLD’S
FINANCIAL CHAOS for a Nobel Prize in economics. The implications for peace
could be even more important.
DONATIONS
Click here to see where your donation will be spent and how to pay
The Ingram Economics Limited UK current account is:
23-69-72 07698446
We are in the process of setting up a paypal account to payments@ingrameconomics.com
CREDIT OR DEBIT CARDS AND INVOICES
As we understand it, people can use paypal now, but if you want an “invoice” created please send an email to invoicerequest@
Payment for Zimbabweans can be by ecocash to \
Edward Ingram using 0772 900 000.
OR to
Steward Bank
Account Name: Edward C D Ingram
Account Number: 1007873227
Fife St Bulawayo
Currency: US$ or local equivalent.
TOGETHER
We can change the
world.
Please tweet this page (see the bottom of the page
or just tweet the url) or tweet the BASICS page url - this fascinates everyone.
Send this to:
- Facebook
- Government Officials internationally
- Academic Institutions internationally
- Personal Friends
- Nobel Laureates in economics etc. and
- World peace organisations.
We will be changing
the world.
----------------------------
THINGS YOU MIGHT DO
#1. As a Conference Centre / Functions Person, you
may ask me to present myself and these ideas to your audience. A fee and costs
will be payable.
#2. As a media person or publisher, you
may help to spread the word. You may interview me online using Skype
(edwarding2) or Google Hangouts (use my email address).
#3. As a university you may include such information in
your degree courses – as two Zimbabwean universities are planning to do, and as
at least one American lecturer says he wants to.
#4 Join Edward's LinkedIn Campaign Group –
search for “CFF CAMPAIGN FOR FINANCIAL FAIRNESS AT LINKEDIN" OR FOR "MACRO-ECONOMIC DESIGN AT LINKEDIN”
#5. As a lecturer, you may teach what
you learn from my website, my group, my university course which is a certified
course with examinations and a rating, and any other publications.
#6. Take the university Course
This is an online distance- learning university course
www.nustcce.com –
look for professional courses then find ‘MACRO-ECONOMIC DESIGN &
MANAGEMENT’
#7. As a government official, you may also do the
course and you can have your nation's financial institutions do it so that they
can help to plan a way forward towards implementing these changes for your
economy. And so that they know and understand what is needed from them.
#8. Tweet and put on Facebook any of these pages. Click
below for this page or at the end of any other page for that page.
#9 DONATE MONEY GIVING BANK REF: 'DONATION'
The Ingram Economics Limited current account is:
23-69-72 07698446
23-69-72 07698446
We are in the process of setting up a paypal account to payments@ingrameconomics.com
CREDIT OR DEBIT CARDS AND INVOICES
As we understand it, people can use paypal now, but if you want an “invoice” created please send an email to invoicerequest@
Payment for Zimbabweans can be by ecocash to \
Edward Ingram using 0772 900 000.
OR to
Steward Bank
Account Name: Edward C D Ingram
Account Number: 1007873227
Fife St Bulawayo
Currency: US$ or local equivalent.
The money goes towards:
- Creating an active support group to lobby governments around the
world.
Financial fairness means savings and pensions which
work and homes and businesses which are not taken from the people in a needless
financial crisis or just a raised rate of interest - for example.
- The marketing campaigns
- Developing a new and better website for news, articles, and reader
participation at: www.ingrameconomics.com
- Providing the university course
- Further Research and Development
CONTACT DETAILS ARE GIVEN BELOW
COPYRIGHT: Provided that you acknowledge the authors, that you fairly represent the views expressed and that you credit the Macro-economic Design Research Group (and where relevant any original source of the article in question) with due prominence, you may freely quote from articles on this website.
CONTACT
Edward C D Ingram travels a lot
Edward C D Ingram travels a lot
Tel:+26329 2230487 at times but +27 12 547 5816 at other times
Cell: +263772900000 at times but +27 749660660 at other times
WhatsApp 00263 722 900 000 at all times
Skype: edwarding2 any time. Free download www.skype4free.com
email: edward@ingrameconomics.com
Google Hangouts: edward.ingram2009@gmail.com
Edward is available for seminar/workshop presentations
Please Tweet this page – see below. Please take it to Facebook, etc.
WhatsApp 00263 722 900 000 at all times
Skype: edwarding2 any time. Free download www.skype4free.com
email: edward@ingrameconomics.com
Google Hangouts: edward.ingram2009@gmail.com
Edward is available for seminar/workshop presentations
Please Tweet this page – see below. Please take it to Facebook, etc.
