---- There is a better bailout proposal that would solve most of the problems we face. It utilizes the concept that if everyone is employed in making life better for all, that we shall all succeed. This plan could have been adopted about 19 years ago but it was not. It has some very unique aspects.
Here we provide only a brief summary; details are available.
The United States announces to the United Nations and to the World that it will provide the U.N. with "credit chits" for less developed nations in amount 150 billion dollars per year. The other developed nations of the world are also invited to contribute in total 150 billion dollars in "credit chits" to the U.N. So far no actual money leaves any nation. This offer is made regardless of cooperation from other developed nations, but with cooperation it means 300 billion per year, very roughly 10 times what is provided now, a great deal of which we know is wasted.
The U.N. makes these credit chits available to democratic nations of the developing world and to those nations which are verifiably evolving toward democratic rule by non-discriminatory consensus; everyone participates. The chits are made available to developing nations on the basis of solicited application of: development proposals from them, verifiable need, and guarantees against misuse or corruption.
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