THE FINAL ECONOMIC SOLUTION (WHITEPAPER)

The Think Tank at iBankCoin for Economic Studies and Foreign Relations, in conjunction with The Grande Recursive Order of the Knights of the Lambda Calculus, puts forth the following policies that will solve the global financial crisis, which is plaguing governments and citizens alike.

The current policy of plugging holes is only staving off inevitable sovereign defaults, instead of eliminating it. We propose central banks should buy ALL OF THE SOVEREIGN DEBT, through the explicit activation of the printing press, then forgive that debt in order to allow governments to spend liberally for as long as they deem fit.

If you are a bank or a sovereign government in possession of Greek debt, the ECB will buy your debt for 100 cents on the dollar, with the creation of “CURRENCY BALLS” to be shipped to your office or wherever you might be domiciled.

If you are an investment manager at Socgen or the government of Germany and receive one of these in the mail, just know it is worth $1 trillion dollars. This is LEGAL TENDER and can be exchanged for smaller balls ($100 billion, $50 billion and $10 billion increments) at any bank in the world, for discretionary usuage.The gist of this plan is to “create jobs” through aggressive monetary easing. Instead of having to deal with the annoying budgetary restraints that debt imposes on sovereign governments, the Think Tank at iBankCoin for Economics Studies and Foreign Relations strongly recommends the creation of giant balls to be denominated in $1 trillion increments to eliminate any and all debt, for as long as governments deem fit.

Under this policy, we project Greece will be debt free, and in the black, as early as next week.