What modern world economy needs to develop?

What modern world economy needs to develop? In an international convention, there is a proposal for the companies (firms) to issue their own money as a good reliable source of interior finance. But, it is postponed to the times when the question why the country national financial, economic and fiscal policies do not have a good stable effect on the gradual evolutionary economic growth. The answer is evident – do not give unjustified loans. Any loan should have a concrete economic project with a business plan. The lender (creditor) has to easily see wherefrom his interest and money are to appear and come from. It should be so when the Federal Reserve of USA gives money in credit to any big USA bank, when such bank gives money in credit to any of its clients from a big production company to a private person. Now, what we have? Some abstract means of boosting economic growth, the struggle with unemployment and so on. Some abstract calculations and statements on which the fund and stock markets should react positively. But, having no concrete projects, the money is spent senselessly and go down into the sand of write-off from the government to the banks and from the banks to the production companies to bring the other effect: the economic downturn and growth of unemployment. It’s a wonder why the Western economies do not grow with all their scientific potential. The answer is obvious – the politicians ask for and give to some general solutions while the economy should grow on concrete economical projects with business plan wherefrom the money should come back with usury. Such business plans should show what market needs, how much the clients will buy, how much the company may produce. It’s relative even to such “undoubted” giants as General Motors and so on. The other problem – the collapse of the mortgage market and securities related to it. But, the solution is simple. When a debtor cannot return the main sum of debt with its interest percents, he or she, of course, cannot sell the assets under the mortgage. But, why not to mortgage the already mortgaged assets to some other bank for the purpose of paying the mortgaged debt to the first bank? The client may win the time against paying the main debt and pay just interest percents payments. Such a solution hardly may be doubted from the point of view of jurisprudence. The court trial for such a right of the owner of the property is quite winnable provided for the all necessary justice instances are come through, because the property is absolute by its essence while any contract is conditional by its essence, so, the State judge should protect the property rights in preference before the contract. This is applicable not only to the house market but also mortgaged enterprises and land. The bank system is guaranteed against falling of priced on the mortgaged assets (houses, enterprises, lands) and their securities related to mortgaged deals do work well. While the householder, owner of an enterprise or a land owner does not go into the bankruptcy just because his assets do not fall in prices due to he or she conserves the finance. In the time of crises, it is advised for the State and banks to agree with the companies to limit the tax payments and bank credit debt payments totally or partially to the sum of the interest sum payments and penalties, conserving the tax base for the State and the credit base of good clients for the bank. All in all, the State is always able to issue new money and the banks to borrow from the Federal Reserve, while the production companies and householders conserve finance for their production to say about firms or their expenses to say about citizens to support both supply and demand of different goods and services on the national markets. The same policy should be taken by householders and production companies to its debtors, dependents and subsidiaries. Only, extreme necessity payments should be called back. When the economy works on the concrete business project inter-connected between themselves, it is easy to count the economic balance in any monetary disputes. In such conditions, any court trial should become a presentation of pretence, a further peace agreement and, last, a contract of intention for further collaboration, all these under the surveillance of the court. Thus, the economic relations between production companies, banks, clients are to be conserved instead of being interrupted because of a quarrel to wait for some sideway around to establish a new business link by another company, bank or client while the person who lost the court dispute in present condition both with the person who won the court dispute go through the time of restoring their business reputation. Again, it’s necessary to repeat that even international conflict become of the unjustified loans between the States, when the borrower cannot pay back, because the credit money was spent on some abstract political goals or just consumed. So, now, we see that to build the world economy on the basis of globalization, it’s necessary to allow all participants of the economic activity on every level to issue their own money not under some strict rules but by the fact that money to be issued should first be earned on some concrete project and only then given in credit for some other concrete project, dollar in dollar. The UNO may become the kind of world government with observing the sovereignty of all States, their union and even regions. The banknote of the world money ought to have in its right upper corner, first, the coat of arms of UNO, secondly, the coat of arms of the union of States (provided for they have common market and customs union), third, the coat of arms of the State, fourth, the coat of arms of the State region, fifth, the coat of arms of the State district, sixth, the coat of arms of the company registered in the district, seventh, the coat of arms of its filial or subsidiary. The surveillance and control of the World Bank and national State banks and so on might be accomplished as to the volume of money issued on the basis of series letters and numbers on the banknotes. Such money would make the international travel as safe as possible, when, for example a person get salary in the firm he or she works on and spend on some island where the presence of this money in the common circulation would have made robbing void of any sense because the control system in banks, shops and finally police would easily identify the source of this money. In such a way, UNO might become a real force of solving problems in the modern world to prepare the humankind to pioneer, settle and develop the other inhabitable for living and other for production planets and galaxies. With such a quite possible solution, even the relations of a mother company with a subsidiary would be built on the basis of the analogues of tax legislation. The last branch of jurisprudence is built in such a way that any schemes of solving disputes of the payer and receiver of money are completely illogic in their verbal and linguistic structure and does now allow for any sense expounding and such a real dispute. The court always solves giving the preference to the State conferring with the State governmental bodies instructions to the local tax offices, which, of course, have superiority before any scientific interpretation of a private advocate or company in-house lawyer in the interests of a tax payer as a client of legal advice. And, we know that any tax management, as wise and complex it might be, is easily sentenced by the courts as avoiding paying taxes when such activities may be connected with violent crimes against statesmen, committed or planned, (the case of Khodorkovsky). Thus, the interests of any investor become not only protected but almost sovereign. Which would give the world economy a steady and evolutionary promotion.