by GlobalCrisisSolutionsGlobalCrisisSolutions – to get the free newsletter

As we approach 2012 the World is in crisis –  Developing Countries are either starving to death, poverty stricken, working as slave labor unable to have a Western lifestyle, or suffering under corrupt regimes. Their people are suffering.  While –  Developed Countries are stressed by massive debt burdens and unemployment rising, with property and share prices falling. Meanwhile their Governments waste money on social welfare and war. Their people are also suffering.

 925 million people do not have enough food to eat, 98% of them live in developing countries, mostly in SE Asia or Sub-Saharan Africa, caused by lack of money not lack of food.  The World Bank has estimated that there were an estimated 1,345 million poor people in developing countries who live on $1.25 a day or less.

 Sweatshop workers are paid anywhere from $0.26 to $0.44 an hour. Much of the time they are also forced to work overtime, hour weeks are common in China. Many workers may only get one or two days off a month, sometimes less.

The US Government spends 20% of it ’s budget on military spending – meanwhile 1 in 7 people in the World go hungry every night --- THIS HAS TO STOP

 The Developed Countries are sinking under a mountain of debt and soon will be bankrupt, because they spend to much and produce too little. and  The Developing Countries will soon have no customers to sell their goods to as the West will be broke and their own citizens are too lowly paid to afford to buy much.

 Western Governments now promise their aging populations far more than they can pay out and are passing a massive debt burden to the younger generation.

 What has been tried until now has failed –  Giving money to poor countries – FAILED  Free Trade and slave labour – FAILED  Printing money and going into massive debt – FAILED  But why did the smartest and the best fail to solve the world crisis…….???????

 Because they failed to fix the cause ---  So what’s the cause ?????  Maybe if we fix the cause we can solve the problem !!!!!!

 Too much cheap labour in the World ?  Too much debt and money printing ?  The fall of Communism ?  Bad Governments ?  Poor lending practices ?  Corruption ?  Free Trade ?  Globalization ? But the underlying main cause to all the problems is – Some causes of the Global Financial and Trading Crisis

Inequalization of wages globally Inequalization of wages globally The main cause of the Global Financial and Trading Crisis is US Dollars (USD) US minimum daily wage 80 China minimum daily wage 15  Western countries cannot compete with slave labor, and slave labor has no money after food to buy anything.

To fix the cause off course ! So how do we do that ? So what’s the Solution ?

 Equalize minimum salaries around the world for those countries wishing to participate in Globalization of services and trade. That is, set up a ‘Global minimum daily wage’, say $50 a day, to be phased in over the next 10 years, increasing by $5 a year. NB: Many Developed countries will pay above this wage for a few years while Developing countries catch up. Adjusted for a countries currency at the beginning of each calendar year. So how do we do that ? The Solution to the World Crisis is Year to commenceGlobal minimum daily wage ($) (USD) onwardsYearly increases with Global inflation

We equalize Global minimum daily salaries by currency changes and wage increases. Currency depreciation by 50% in the Developed countries (or100% currency appreciation in the Developing countries) and doubling of minimum daily wages in Emerging countries will go close to equalizing the minimum daily wage in the US and China. NB: The Developed countries can now compete and have jobs, and with wages doubling in the Developing countries they can defeat slave labor and poverty minimum daily salary After US dollar devaluation by 50% and Chinese minimum daily salary doubles. US daily salary (USD) 80 China daily salary (USD) 1560

A ‘Global minimum daily wage’ will allow all countries to compete fairly in Globalization and will restore balance to the world. It will alleviate much poverty, starvation, unemployment, and will act to equalize the citizens of the world. It does not destroy capitalism, actually the opposite as it gives encouragement for all to work hard for a fair salary, and will restore hope for all those suffering in our World today. The Solutions to the World Crisis (cont)

 The IMF/UN or a new Global Governing Body to enforce the ‘Global minimum daily wage’. Any company that does not pay it’s workers the minimum wage is not allowed to sell it’s goods, and is to be sanctioned and import taxes may be applied to their products at any rate by the receiving country.  The ‘Global minimum daily wage’ to be based on an 8 hour working day, and workers should not work more than 5 days a week. Optional overtime to be paid at an hourly pro-rata rate.  Companies also required to pay an additional 10% of the daily wage into an employee retirement account in the employees name each month and controlled by the employee. Employees can access this money only after age 60 and retired. Example- Employee paid $20 a day, earns say $500 in a month receives an additional 10% or $50 into his/her personal retirement account at the end of that month. The Solution to the World Crisis (cont) - Enforcement

The Solution to the World Crisis (cont) Developing Countries Developed Countries Costs of Goods and Services (Inflation) Increase Food pricesSlight IncreaseSlight increase JobsIncrease WagesIncreaseNo change PovertyDecreaseNo change/Decrease CurrenciesIncreaseNo change/Decrease Asset pricesIncreaseWill stop falling Consequences of a new ‘Global minimum daily wage’ NB: Obviously there will be some changes over the 10 years while the Global minimum daily wages equalize, but the final result will be a fairer World with less debt, stress and poverty. Hard work anywhere in the World will be rewarded, and billions of new customers will boost the global economy.

 A new Gold Reserve currency to be established and it’s printing is to be controlled at a rate that is steady and controlled similar to the Gold Standard abandoned in It can apply to any Global currency (Eg: USD, Euro, Yuan etc). This should help control global debt levels and inflation.  In late 2011, one ounce of Gold was worth about 1,700 USD, or one gram about 60 USD. Future Gold Coins and Notes (shows grams of gold required per coin or note) NB: Assumes 1 gram of gold in a coin = $60 USD, and1 gram (g) = Oz or 1 Oz ~ 28.4g The Solution to the World Crisis (cont) 0.016g Coin 0.032g Coin 0,08g Coin 0.16g Note 0.32g Note 0.8g Note 1.6g Note $1$2$5$10$20$50$100

 The World Government or IMF to establish Global guidelines for good Governance and countries to be rewarded if they follow these guidelines by receiving access to loans etc. The Solution to the World Crisis (cont) Global Government Guidelines for Countries Government spending Balanced budget, and budget no more than 20% of GDP. Government debtNot more than 50% of GDP Military spendingNot more than 5% of Budget Tax incentivesA country may choose to have a lower company tax rate only for companies that pay the ‘Global minimum daily wage’ or above. TariffsImport taxes may be imposed on companies goods or services that don’t pay the ‘Global minimum daily wage’.

Conclusion If you are sick of complaining about the World’s problems and suffering from poor leadership during the Global Crisis, and most importantly, if you want to see change and real solutions, then this presentation to everyone you know and to your local Government member and media outlet. It is time for change !! A ‘Global minimum daily wage’ is the solution. Tell the World. Tell the media. Mobilize the power of the people. The suffering has to stop now !!!!

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