When there was no currency system in the world,Barter system had an important role for exchange of goods and materials. Marketing was done on the basis of exchange of different products instead of of currencies. Consquent of introduction of currencies, some diplomatic talented people of different countries intrduced currency in different forms, and in the last Paper notes and metalic coins are adopted. Though it is a good idea,but valuation of currencies of different countries on the basis of export and import, caused some countries under-developed, though the respective countries have sufficient human resources to make them developed. A large number of private banks opened and subsquently nationalised by the concerned government to invest money in different sectors to earn some profit through interest. Even most of the loanees became unable to repay the the interest as well as capitals borrowed by them which ruined the life of the general people,cultivators and many others. In my opinion, Bank should not collect interests from the loanees, the total interest should be exempted from the public. Quistion may arise about the salary and other revenue aspects of the Banks whether private or nationalised.It should be the duty of respective government of the respective countries to bear the expenditure of the staffs of banking organisations and other allied expenditure at government level by making reformation in the banking policies. There is no need of opening many banks in a country and all the nationalised and private bank should be merged into one bank without hampering the interest of the employees. It is quite possible,if the banking poicies are examined and analised. There will be no loss of the government revnue as there are many alternative ways to generate revenue for the countries by adopting new method by giving most importance in the agriculture sectors, and if positive
reformations are made. An individual loanee may not pay the capital with interest because of his financial crises, and in case recovery is done by force or legal action is initiated, than where will be existence of that family. It is the duty of the government to look after all the families of their countries to live in happy condition. If they live happily, the the country will also lead to happily atmosphere. Gathering money by certain individuals and rich people create distrubance in money circulation in the country, and provide luxurious and comfortable life to certain groups of individuals, where others suffer a lot for such type of irregular policies. It is the duty of administrators to look after the conditions of such people for their develoment at par with others.
At present there are 148 countries all over the world having 100 types of currencies,which monetay value differs from countries to countries on the basis of certain guide lines of the Intenational policies framed by the diplomatic talents. We have no objection for such diplomatic policies, but it should not hamper the interest of other countries. The international economists should re-examine such burning issues in a positive way to make all the people of the world in happy condition by making a single monetary unit of difeerent currency to avoid competetion between countries and countries. By doing so, there will be good relationship with all the countries, and financila crises of the under-developed countries will be eradicated.
Here, I may cite an example on my own concept. If some crucket and un-ethical people will print the Indian Currencies in the other countries,then how such cheaters will be pointed out, if the cheaters are supported by their administration of respective country,will it be possible for other countries to know the truth because of corrupt administration. So, to whom we will keep faith? Government,administrators,Bankers,individual or otherwise. In my opinion it is quite possible on the part of the international organisations to find a path, which will solve all the problems of all the people, if we act in a truefull manner without keeping vested interest of self. The reformation will not hamper or make loss to any capitalists,individuals,Governments, administrators and many others, if the policies of fixing valuation of the different currencies are examined,analised to find out a right path to solve the probems. It is sure that, introduction of single currency all over the world will eradicate anomoly,poverty and many other negative issues,and establishment of the "KINGDOM OF GOD" is quite possible which was the last desire of the Lord Jesus Christ in the community of Christians, and establishment of "RAM RAJYA" is possible which was the last desire of "MAHATMA GANDHI" in India.
Faith writers and their different organisations are requested to offer their comment in the name of "God" in truefull manner in my following address, as I am not capable to spend money to communicate my views to different government organisations of the different countries of the world because of heavy pressueres by some crucket and litigated political leqaders of India. I can represent my views in the parliament for making reformation in national and international administration, but the demon like leaders, hesitate to provide such scope to me because of their vested interest and only the rich people of the country are getting scopes to represent in the parliament instead of real talents.
H I G - 221,
KALINGA VIHAR BDA COLONY,
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