Since global warming is planet scale, we have to target global scale funds from both State and private sectors to initiate and pursue climate change financing action. Fundamentally, the world's investment and lending funds are so huge and 'expandable' that, given an attractive and practical profit-based strategy, a mere 10% of the amounts will prove more than enough to suck up most of the 700+ billion tons of Earth's atmospheric CO2 while creating jobs for five billion 3rd World poor within mere decades. Here are recent US dollar estimates from which we can source potential 'air cleaner' financial tools, based on internet data: a) total value, world banks' and peoples' coins and banknotes: $81 trillion; b) stock shares in world stock markets: $70 trillion; c) global bonds: $100 trillion; d) global currency trades: $5 trillion per day; e) global stock market buy/sell deals: $700 trillion during economic crises, $1.2 quadrillion and up during good times.
Incredibly, the world's central banks and private banks can add trillions more to the sums by simply printing currencies, selling bonds, and electronically debiting entries to their official books or some say even 'unofficial' books. Reason: all the world's currencies are fiat, meaning they are backed up or are bank-exchangeable for either more paper money or plain thin air. Currencies magically transform to real goods and services once they are used by businesses and people in productive enterprises. Such 'magic' is why all of humanity accept mere printed papers or electronic entries as money exchangeable for properties, goods and services. In practice therefore, the only brakes against more currency expansions are fears of high inflation which bring in 'hard times' (price rises, recessions and economic crises). Responsible central banks therefore always attempt to bring price rises to 2% or lower at all times.
In essence, such money creation and transfers of ownership title (buying/selling of stocks and bonds, etc.) are driven by only one desire: high returns. Without the prospect of competitive returns, no business plan will attract such gargantuan funds. Our clean air funding schemes should hence start with dreaming up clean and green projects that yield above-market dividends and interest, say 12% versus 7% average yearly stock market rates, 15% versus 10% yearly average bond rates, and 12% yearly time deposit interest rate from our Employees' Banks. Additionally, our mega co-op dividend returns must be issued regularly versus stock market returns that greatly fluctuate or can yield super high or zero income one time or another depending on investment conditions.
But how exactly may we begin to attract large volumes of such quadrillion-level capital? Fundamentally, world financial markets do not deal with tiny companies because of the high monitoring costs involved. For the Philippines, only the government and a handful of large companies are qualified as potential investment targets for world-scale stock purchases and bond lending. Investors won't care if their Philippine investments end up in mega co-ops as State investments and loans, so long as the Philippine government delivers on its promise to repay its bond issues at competitive interest rates.
Fortunately, the Philippine government has recently (early 2000s) been enjoying favorable credit worthiness. Reason: it has been receiving some $6 billion monthly out of expatriate remittances, business process outsourcing firms, exports and other sources. Unfortunately, some $5 billion of the monthly amount immediately flies away due to the country's near-total dependence on imports for almost all of its industrial and consumer needs. Still, the remaining $1 billion monthly savings plus the Philippine record of repaying all its international loans often by imposing higher taxes among its citizenry and business sectors should create the needed credit worthiness that will sell its sovereign bond issues among world financial markets.
The vanguard mega co-ops' leaderships should further help in development of international investment courage. Local retirees who were former top-rate corporate managers plus world-class skills brought by 1st World joint venture companies, should necessarily form mega co-op leaderships from promotion to feasibility study to operational stages. Said leaderships' successes will create geometric expansions of mega co-op establishment and operations in the Philippines, and later throughout the tropics.
Time will come when mega co-op corporate groups will become part of world corporate culture as saviors of Mother Earth and 3rd World poor, creators of planet-scale markets, promoters of inter-racial mutual help, and builders of corruption-free economic and political democracies in what is presently the elite-run 3rd World. You and your friendship nets should then be honored as the heroes who started it all!
Incredibly, the world's central banks and private banks can add trillions more to the sums by simply printing currencies, selling bonds, and electronically debiting entries to their official books or some say even 'unofficial' books. Reason: all the world's currencies are fiat, meaning they are backed up or are bank-exchangeable for either more paper money or plain thin air. Currencies magically transform to real goods and services once they are used by businesses and people in productive enterprises. Such 'magic' is why all of humanity accept mere printed papers or electronic entries as money exchangeable for properties, goods and services. In practice therefore, the only brakes against more currency expansions are fears of high inflation which bring in 'hard times' (price rises, recessions and economic crises). Responsible central banks therefore always attempt to bring price rises to 2% or lower at all times.
In essence, such money creation and transfers of ownership title (buying/selling of stocks and bonds, etc.) are driven by only one desire: high returns. Without the prospect of competitive returns, no business plan will attract such gargantuan funds. Our clean air funding schemes should hence start with dreaming up clean and green projects that yield above-market dividends and interest, say 12% versus 7% average yearly stock market rates, 15% versus 10% yearly average bond rates, and 12% yearly time deposit interest rate from our Employees' Banks. Additionally, our mega co-op dividend returns must be issued regularly versus stock market returns that greatly fluctuate or can yield super high or zero income one time or another depending on investment conditions.
But how exactly may we begin to attract large volumes of such quadrillion-level capital? Fundamentally, world financial markets do not deal with tiny companies because of the high monitoring costs involved. For the Philippines, only the government and a handful of large companies are qualified as potential investment targets for world-scale stock purchases and bond lending. Investors won't care if their Philippine investments end up in mega co-ops as State investments and loans, so long as the Philippine government delivers on its promise to repay its bond issues at competitive interest rates.
Fortunately, the Philippine government has recently (early 2000s) been enjoying favorable credit worthiness. Reason: it has been receiving some $6 billion monthly out of expatriate remittances, business process outsourcing firms, exports and other sources. Unfortunately, some $5 billion of the monthly amount immediately flies away due to the country's near-total dependence on imports for almost all of its industrial and consumer needs. Still, the remaining $1 billion monthly savings plus the Philippine record of repaying all its international loans often by imposing higher taxes among its citizenry and business sectors should create the needed credit worthiness that will sell its sovereign bond issues among world financial markets.
The vanguard mega co-ops' leaderships should further help in development of international investment courage. Local retirees who were former top-rate corporate managers plus world-class skills brought by 1st World joint venture companies, should necessarily form mega co-op leaderships from promotion to feasibility study to operational stages. Said leaderships' successes will create geometric expansions of mega co-op establishment and operations in the Philippines, and later throughout the tropics.
Time will come when mega co-op corporate groups will become part of world corporate culture as saviors of Mother Earth and 3rd World poor, creators of planet-scale markets, promoters of inter-racial mutual help, and builders of corruption-free economic and political democracies in what is presently the elite-run 3rd World. You and your friendship nets should then be honored as the heroes who started it all!
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