NFC Money Wallet Mobiles Replacing CASH Can Eradicate All Economic Crimes

(Latest revision on 1^st June  2011)

In recent years, 2011 in particular,  world public  are getting frequent news reports, articles about the Digital E-Money transaction (payment and receipt)  enabling, Near Field Communication (NFC) technology equipped mobile phones entering into the world market in a big way, rapidly replacing the century old traditional CASH currency even in the everyday small trading or the money exchange.  However the public  are not much aware of its great potential to eradicate most of the corruptions from the world. In my paper  titled “ IT To Root-out Corruption” written in 2008, I strongly contend that the CASH MONEY IS THE KEY FACILITATOR OF ALL CORRUPTION, therefore replacing the Cash Currency by the Digital or E-Money  having the Biometric Identity (BID) can enable the society to get rid of most of the corruptions, basically  illicit money transactions  economic crimes  including the violent ones, if there is the political will to get it done.

My above mentioned paper now published in <bolgspot.com>  gives foremost importance to the modern cyber age, hi-tech  Digital or E-Money Transaction in which the Near field Communication technology today at its forefront. Experts in the field strongly predict that it will gradually going to replace the CASH currencies and eventually will make it redundant in the future. This is very much also my position, in which I strongly argue that it is very much necessary that these  digital money devises, NFC’s in particular should most  importantly have the Biometric Identity (palm finger print , face, iris recognition etc) based Social Security Number (SSN) code; so while making the e-money transaction both devises should first check, exchange and record the SSN code numbers (like a phone call number) in-between to get it activated to make a safe and secure  money transactions.

The Bio-ID  security feature in the NFC technology enables it to effectively prevent all sorts of cyber economic crimes such as the digital or e-money pick-pocketing and its related frauds, theft, counterfeit etc. However  most importantly it will  protect the people from dangerously becoming  the targets or victims of  all sorts of  violent economic crimes like mugging, looting, robbery, assault even from getting murdered,  all these crimes mostly committed to ROB MONEY or to take revenge against it or to prevent it!  

By the way, there  needs to be a limit to the amount of money a NFC digital money wallets can hold; when the amount (or its transaction records) exceeds a given limit  the sum (or the transaction records) should be first transferred to its main bank account, similarly when the wallet gets empty it can refilled from it. Of course, the NFC needs to be equipped with the internet connection (already there) so even a big sum of money can be transferred part by part from one NFC to the other NFC, then send (by wireless money like a Credit Card) online and deposited into their bank  account (or vice versa) in the process all its transaction  details including  the SSN ID will get recorded in the banks digital money data storage system (like phone call records). In short, all this will ensure that the electronic or digital money transaction becomes highly secure and safe that it will be impossible for anyone to steal, rob or commit fraud with this E-Money.

This is the most effective way to prevent corruption, which is basically illicit money transaction as every e-money transaction conducted through this NFC between people and the businesses eventually will  get recorded in its main banks account (like in the bank pass-book) providing the concrete evidences  of the money trail track record of any such criminal or illicit money transaction (corruption) any time afterwards. Thereby, if  there is any authentic (prima facie)  economic crime suspicion or the public allegations, its public scrutiny or legal inquiry can be ordered by the courts (or the assigned authorities) so its e-money transaction records can be made available as a concrete evidence to prove or disprove the crime before the courts. This is how it will effectively deter most (if not all) people from indulging in  any such kinds of economic crimes including the violent crimes mentioned earlier.

By the way there needs be two main kinds of Social Security bank account number based NFC’s. The first one is the already mentioned SSN, universally unique for each and every individual  person mainly for the  personal or ownership  use/purpose but the  second one NFC mainly for  the business purpose may be called as Social Security Business Number (SSBN).  However it should  have the SSN of the Proprietor(s) or the manager(s) in its registry records. The SSBM  among other things most importantly for enabling the Govt. TAXATION. Besides that, people  can have any number of  NFC’s but all of them should come under either the SSN or the SSBN  based  bank accounts.

Before concluding I would like to point out that nowadays the general public come across some troublesome  news reports articles about the digital e-money that can  lead into dangerous cyber economic crimes in the future . However there are seldom any articles about mentioning the great advantage of the NFC if combined with the Bio-ID technology that can make the e-money transaction highly safe and secure. Hereby I appeal to all those experts, especially the company professionals who are actively promoting the NFC digital, e-money wallet mobile phones,  please to HIGHLIGHT the tremendous benefits of the NFC if combined with the BID in providing the greatest of all safety and security to the entire economic system of the world helping to prevent all sorts economic crime including its related violent crimes.

I have explained most of its details in the paper titled “IT To Root-Out Corruption”  now in <ittorootoutcorruption.blogsight.com>  and secondly in <anticorruptionfight.blogspot.com>.  The web page short addresses of some of its most important papers post articles  given  down below.  It is very important to go through those articles.

Before which, some important news report articles on the NFC e-money transaction

http://www.slashgear.com/amazongoogle-ramping-up-interest-in-nfc-31143791/                                          http://symbian-lifeblog.com/2008/11/nfc-near-field-communication.html               http://www.nokiaphoneblog.com/2007/11/nokia-to-field-test-nfc-in-london/comment-pagehttp://www.tipb.com/2011/03/18/iphone-5-nfc/http://www.91mobiles.com/blog/4476/Samsung+shows+off+NFC+Chip+with+flash+memory.html    http://www.phbeta.com/technology/amazon-said-to-be-considering-nfc-based-mobile-payment/comment-page-1/#comment-814

IT To Root-Out Corruption

(……….)

CASH Money The Key Facilitator Of All Corruption

http://bit.ly/mLJBXd

Corruption Wins Election Honest Candidates Loose                                                                             http://bit.ly/lcJeVF

Transparency International: Corruption Perception Index A Sham

http://bit.ly/hPFn0V

Poverty Greatest Crime Against Humanity                                                                                                      http://bit.ly/gLpRdv

My Other Blog-sites:

Drunk Driving DUI Root Cause

http://alcohol-research-misconduct.blogspot.com/2011/03/drunk-driving-root-cause.html

Alcoholics Cure well

http://alcoholicscurewell.blogspot.com/2011/03/alcoholics-curewell.html

NFC Mobiles Replacing CASH In Future Can Eradicate Corruption

(Latest revision on 24^th May 2011)

In recent years, 2011 in particular,  world public  are getting frequent news reports, articles about the Digital (E)Money payment/receipt enabling Near Field Communication (NFC) technology equipped mobile phones entering into the world market in a big way posing as the most efficient alternative to the century old traditional CASH money  transaction.  However they are not much aware of its great potential to eradicate most of the CORRUPTION as well as the violent crimes from the world. In my paper  titled “ IT To Root-out Corruption” written in 2008 I strongly contend that the CASH MONEY IS THE KEY FACILITATOR OF ALL CORRUPTION. Thereby bringing in mandatory Electronic Money Transaction  like NFC  combined with the Biometric Identity security, can very much enable the world Governments to completely get rid of all sorts of economic crimes  popularly known as corruption (basically illicit money transactions) along with other violent crimes, only if there is the political will to get it done.

My above mentioned paper now published in <bolgspot.com>  gives foremost importance to the modern cyber age, hi-tech  Digital or Electronic Money Transaction in which the Near field Communication technology today at its forefront. Experts in the field strongly predict that it will gradually going to replace the CASH money and eventually will make it redundant in the future. However it is very much necessary that these  digital money devises, NFC’s in particular should most  importantly have the Biometric Identity (palm finger print , face, iris recognition etc) based Social Security Number (SSN). So while making the e-money transaction both devises should first check, exchange and record the numbers in-between to get it activated to make a safe and secure  money transactions (no need of account book keeping is a side benefit).

The Bio-metric Identity (Bio-ID) security feature in the NFC technology enables it to effectively prevent all sorts of cyber economic crimes such as the digital or e-money pick-pocketing and its related frauds, theft, etc. However  most importantly it will  protect people owning this devises from dangerously becoming  the targets or victims of  all sorts of  violent economic crimes like mugging, looting, burglary, robbery, assault even from getting murdered,  all these crimes mostly committed to ROB MONEY or to take revenge against it or to prevent it!  By the way, there  needs to be a limit to the amount of money a NFC’s can hold; when the amount (or its transaction records) exceeds a given limit  the sum (or the transaction records) should be first transferred to its main bank account, similarly when the wallet gets empty it can refilled from it. Of course, the NFC needs to be equipped with the internet connection (already there) so even a big sums of money can be transferred part by part from one NFC to the other NFC, then send (by wireless money like a Credit Card) online and deposited into their bank  account (or vice versa) in the process all its transaction  details including  the SSN ID will get recorded in the banks digital money data storage system. In short, all this will ensure that the electronic or digital money transaction becomes highly safe and secure that it will be impossible for anyone to steal, rob or fraud the E-Money.

In this way,  every money transaction conducted through this NFC between people and the businesses eventually will  get recorded in its main banks account (like in the bank pass-book) providing concrete evidences  of the money trail track record of any such criminal or illicit money transaction (corruption) any time afterwards. Thereby, if its public scrutiny or legal inquiry is ordered, it can be made available as a concrete evidence to prove the crime before the courts. This is how it will effectively deter most (if not all) people from indulging in  any such kinds of economic crimes including the violent crimes mentioned earlier.

By the way there needs be two main kinds of Social Security bank account numbers assigned for the NFC’s. The first one is the already mentioned SSN, universally unique for each and every person mainly for the  personal or ownership  use/purpose and the  second one Social Security Business Number (SSBN) bank account mainly for  the business purpose. The SSBN should necessarily have the SSN of the Proprietor(s) or the manager(s) in its registry records, which is among other things most importantly for enabling the Govt. TAXATION. Besides that, people  can have any number of  NFC’s but all of them should come under either the SSN or the SSBN  based  bank accounts.

Before concluding I would like to point out that nowadays the general public come across some scaremongering news reports articles in the media that how the electronic or the digital money can lead into dangerous cyber economic crimes in the future rather than highlighting its most important security feature of completing getting rid of most of the crimes if combined with the Bio-ID technology. Hereby I appeal to the professionals who are actively promoting digital money specially the companies experts advocating  and campaigning for the NFC  technology in the financial sector please to high-light most important anti-corruption aspect of this  NFC,  Bio-metric Digital Money to the world economy so all those leading economic development poverty eradication, anti corruption concerns, people, organizations , Govt. agencies, see the need and work towards this goal.

I have first explained it in details in its main paper titled “IT To Root-Out Corruption” in <i-opinion-about.blogspot.com>  and secondly in <anticorruptionfight.blogspot.com>.  The web page short addresses of some of its most important papers post articles  given  down below.  It is very important to understand this article.

Before which, some important news report articles on the NFC e-money transaction

 http://www.slashgear.com/amazongoogle-ramping-up-interest-in-nfc-31143791/

http://symbian-lifeblog.com/2008/11/nfc-near-field-communication.html

http://www.nokiaphoneblog.com/2007/11/nokia-to-field-test-nfc-in-london/comment-page

http://www.tipb.com/2011/03/18/iphone-5-nfc/

http://www.91mobiles.com/blog/4476/Samsung+shows+off+NFC+Chip+with+flash+memory.html

http://www.phbeta.com/technology/amazon-said-to-be-considering-nfc-based-mobile-payment/comment-page-1/#comment-814

There are lots more of such NFC reports that one can find by searching in Google images for the word “NFC”.

IT To Root-Out Corruption

http://bit.ly/eyirez  

CASH Money The Key Facilitator Of All Corruption

http://bit.ly/mLJBXd

Corruption Wins Election Honest Candidates Loose

http://bit.ly/lcJeVF

Transparency International: Corruption Perception Index A Sham

http://bit.ly/hPFn0V

Poverty Greatest Crime Against Humanity                                                                                                        http://bit.ly/gLpRdv

My Other Blog-sites:

Drunk Driving DUI Root Cause

http://alcohol-research-misconduct.blogspot.com/2011/03/drunk-driving-root-cause.html

Alcoholics Cure well

http://alcoholicscurewell.blogspot.com/2011/03/alcoholics-curewell.html

Top Brass Corruption Convictions Don’t deter Them

CASH Money The Key Facilitator Of All Corruptions

The public are made to believe by the leading anti-corruption  agencies, NGO’s , movements, with their new stringent legislations, will be able to diligently  convict  and imprison the top brass people who have been found guilty of big corruptions; it will act as a strong  deterrent  to them  and all the others  from engaging in similar corruption in the future. However the fact of the matter is that the court conviction, prison sentence simply not able to make the intended punishment deterrent impact on those top brasses because they will not loose their corruption earned money that has been hidden safely in cash in some secret places  or kept in some bogus bank accounts , benami properties or given it to safe keeping with some of their trusted people. Therefore even in the event of  their court conviction and the prison sentence (even though it is rare) they are very much sure that the hidden money cannot be discovered that would give them and their  families a great financial future  (family welfare interest is most important for them for which they may be ready to do anything  even go to prison) and after completing their prison  sentence (perhaps they live fairly comfortable life in prison by using their corruption money and its influence) they can come out to enjoy the rest of their life with comforts and luxuries with their families with the help of the hidden corruption money. Let us find out how the CASH money transaction financial system enables them to do it in little more details.

First of all the public should know that the overwhelming small and medium corruptions (basically illicit money transactions made in cash) do not leave any such essential money trail track record evidences therefore it is not possible to prosecute them. However when it comes to the top  brass big deal business corruptions, it becomes almost impossible for them not to leave any such clues record evidence although it is seldom possible to establish that the business bank money trail track records finally has a direct link to their own personal bank accounts. Nevertheless, there can be sufficient evidences to point out gross misconduct in the business trade deal, improper financial contact, bureaucratic  mishandling, favoritism etc. However the lawyers of the accused can always argue it is simply a “difference of opinion”, bureaucrats error, misjudgment etc and they personally gained nothing out of these money transaction! So a favorite or “impartial” judge mostly will dismiss  such corruption cases because of  the lack of substantial evidence as there are no concrete money trail track records to prove  that any of the money went into the accused own or families personal accounts.

However  suppose  there is a strong anti-corruption opposition movement and a proactive judge, ruling this top brass guilty of corruption based on the circumstantial evidences and  sentencing him/her  to more or less years of imprisonment. Nonetheless the courts or its investigators never will be able to find out whether or where  the guilty had stashed all his/her corruption accumulated money,  its secret cash hiding  location , Benami properties or the bogus bank accounts  also the treasury or lockers of their trusted people to whom the corruption money was given for its safe keeping.

All of this happens primarily because of the CASH money, it is the KEY FACILITATOR of all corruptions big or small. Although most of the top brass business projects big sums of money transaction has to be made mainly between bank to bank accounts by the government rules. Of course, as long as the money remains in a bank account and transacted between one to another bank accounts there will be always its concrete money trail track record. However as soon as the bank money withdrawn in cash it becomes easy for those people to FALSIFY its further money trail track record whereabouts. They can withdraw the bank money in cash part by part in relatively small amounts in thousands of fictitious names citing thousands of fraudulent purposes thus accumulate into big amount of cash and hide it in their secret lockers or buy properties in fictitious names,  or re-deposit  the cash back into another bank account  etc. leaving absolutely not any money trail track record connection in-between to prove any of the kick-back, bribe corruption money landed into the accused own or his/her families personal ownership accounts. 

Consequently, those thousands of anti corruption legislations aiming at stringently punishing convicting those top brass people who have been found guilty of corruption miserably fails to become the deterrent as they are not able to find out the whereabouts of the corruption (illicit) money that these people have kept in hiding. Sadly in a way, these anti-corruption legislations and the convictions mislead the public into believing that  the corruption under control as the guilty people being thoroughly punished and the corruption money recovered from them, however in reality it still remains with them kept in secret hiding places, benami properties, ficticious bank accounts etc., as the cash money transaction economic system basically enables them to do it. With its help they and their families and their generation are going to lead a comfortable  if not luxurious future life. The façade of such anti-corruption legislations in fact helps the smart top brass corruption continue as it is if not more, in its own shadows.

Therefore, the only way to stop all these corruptions big and small,  as a first step the Govt., needs to bring in the unassailable mandatory Biometric Identity (BID) in all bank account and the second and the most important step is to Ban the CASH money transaction (above a given small amount)  and replace it with mandatory Bio-metric  E-money Transaction (NFC, CC, etc) to root out corruption along with its related violent crimes from the world. I have first explained it in details its main paper titled “IT To Root-Out Corruption” in <i-opinion-about.blogspot.com>  and secondly in <anticorruptionfight.blogspot.com>.  Reading it, is very important to understand this article. Below are its web addresses given

IT To Root-out Corruption

http://i-opinion-about.blogspot.com    

Anti Corruption Fight

http://anticorruptionfight.blogspot.com

Corruption Wins Election Honest Candidates Lose

In many public discussion forums on the topics of political corruption it has been often contended that the political corruption or the corrupt politician get elected mainly because of the lack of honest people in the politics or coming to contest the election. They contend majority people (electorates) will vote the honest political candidates instead of the corrupt, if there is one.  However IMHO this argument totally spurious and contrary to the fact specially in our Indian  political context. 

First of all in this political set-up it is a well known fact that the honest people would not have enough money required to do the expensive political campaigning necessary to win the election. If they want to really compete and win the election, they have to accept the support or backing of the corruption money lobby, which is the beginning of the honest people becoming corrupt as they enter into the politics.

Now coming to the second point which is not much known but more important than the first one. The corrupt politicians  and their political parties most of the times strategically spend a SUBSTANTIAL PART OF THEIR CORRUPTION EARNED MONEY in the form of public service, donations, aids that can  greatly influence on the  people of their constituency thereby earn the peoples goodwill and political support. They can pay handsomely to their supporters, media cronies bestow them with lots of political favors to make their grand publicity among the community. Most importantly, they  use their CORRUPT POLITICAL INFLUENCE  to get the developmental work done in their constituency also generously fund  the social, cultural and specially religious activities become its leaders to influence  upon the various communities in their constituency. Therefore even when they are being accused of corruption by the honest journalist media it does not matters much upon their peoples base support in their own constituency therefore they get the majority votes and win the election. Having the corruption earned money and influence makes it all possible!  

On the other hand, a honest political candidate simply cannot have the CORRUPTION MONEY or its POWER to INFLUENCE and PLEASE the people of their constituency therefore cannot win the majority of the votes against the standing corrupt politician, UNLESS  he/she also accepts more or less the support  or backing of the corruption money vested interest so obliged to return the favor latter by becoming corrupt.

Apart from the above there are many other points, let me mention the important one. Any average politician with some legislature  power in hand always surrounded by the vested interest corruption money lobby, becomes extremely vulnerable to corruption. They have to make to choice between leaving in austerity with the honest politics or choose comfort and luxuries by accepting the corruption money.  He/she may prefer honesty with austerity, however their families (also relative)  needs, wants demands comforts luxuries favors,  ultimately the family wife, children relatives interest welfare becomes the first priority making the politicians succumb to all sorts of corruptions more or less. Power corrupts!

Besides, when one talks about some rich honest people in or entering into politics it is always mostly in relative terms; it is impossible in this economic system for anyone to become a rich business person without submitting to any corruptions one or other,  not to mention when people inherit wealth they also inherit corruption, like it or not! By the way, it is mostly the long political INCUMBANCY that mainly makes a well established politician or the party to lose the election and not the corruption. By the bye, in this political system one cannot COMPETE corruption with honesty for long except with corruption.

Finally to conclude; It is mainly the financial system that primarily causes corruption (mostly economic crime basically surreptitious/illicit money transaction) in the political system.  The CASH MONEY IS THE KEY FACILITATOR OF ALL CORRUPTION.  Fortunately the Information Technology (IT) today offers the  historic opportunity to completely root-out all most all corruption crimes from world.  As a first step the leading world Governments need to bring in the mandatory Biometric Identity (ID) in all bank accounts and the second most important step is to BAN the CASH money transaction (above a given small amount) and replace it with BioID E-Money Transaction (NFC, Credit Card etc digital money.) financial system, which definitely can wipe out almost all corruption, crimes from the future world. I have first explained it in details in its main paper titled “IT To Root-Out Corruption” in <i-opinion-about.blogspot.com>  and secondly in <anticorruptionfight.blogspot.com>.  The web page short addresses of some of its most important papers post articles  given below.  Reading it is very important to understand this article.

IT To Root-Out Corruption

http://bit.ly/eyirez  

NFC Mobiles Replacing CASH  In The Near Future

http://bit.ly/hiF3hC 

CASH Money The Key Facilitator Of All Corruption

http://bit.ly/mLJBXd

Transparency International: Corruption Perception Index A Sham

http://bit.ly/hPFn0V

Poverty Greatest Crime Against Humanity                                                                                                        http://bit.ly/gLpRdv

(PS. Rough Draft)  

Corruption Monetary Systems Basic Defect

(Newly posted on 30th June 2011)

This is an appeal to all National and International Anti-corruption Govt. Agencies Non-Governmental Organizations (NGO’s) leadership and all concerned parties and people particularly now in India who are demanding the Janlokpal  (Ombudsman) Bill. Please understand none of those anti-corruption legislations going to eradicate the majority of the corruptions , which happens basically due to the defective  monetary system that enables illicit money transactions without leaving the essential evidence of it. It turns majority quite honest people into dishonest and corrupt when they get the job, position with the opportunities.  Let me explain it in the following.

All economic crimes from robbery to bribery the latter popularly known as CORRUPTION occurs primarily because of the monetary system of CASH money transactions. In other words CASH money is the KEY facilitator of all economic crimes as it primarily BREAKS the continuation of the bank money trail track record LINK thus enables people to FALSIFY or “Willfully Hide” its further money transaction records, which  puts the rest of the bank money movements  track record “TRANSPARENCY” into OFF-THE-TRACK so unreliable.  (It also makes it impossible for the public specially the legal authorities genuinely to know how much money/income an individual get or property they own)  All this enables the people in a given corruption opportune situation to SAFELY and to indulge in all sorts of economic crimes (robbery, extortions, illegal trade etc ) besides the corruption such as bribe, kickback, tax evasion etc without leaving any such money trail track record  evidences of all these ILLICIT MONEY TRANSACTIONS so they will have no such fear of getting caught and convicted by the law on that basis. Besides, one can keep most of the corruptions for example bribes, perfectly in SECRET between the two consenting parties therefore most of the time there are no one directly complaining to come forward to report, more so when it comes to tax evasion. In this SAFE and EASY corruption facilitating  monetary system in the given job position if they don’t do it when they get opportunity makes the person a losers AND THEIR FAMILIES GOING TO SUFFER THE MOST in this mad rush of money making around them. It is literally like; “IF YOU CAN’T BEAT THEM THEN JOIN THEM”. By the way, fighting against or resisting corruption needs lots more energy, time and resources thus can make ones work or the job enormously difficult and can ruin their life while quietly submitting to it will make their work or the job so much easy and gainful.

Therefore most often than not, quite honest people in general when they get the  job, position and the new opportunity of making some SAFE  and the EASY corruption money cannot resist and succumb to the  temptations and the pressures. While the few extremely greedy become so callous taking and making copious amount of corruption money so leave  conspicuous amount of circumstantial evidences while the prudent, clever take and make only small or moderate amounts remain inconspicuous do not leave any such evidence. So while the former most often caught and charged (which does not mean they will be convicted perhaps mostly will set free by the court for the lack of essential evidence) while the latter rarely even been noticed by the law. It is not the question whether you indulge in corruption or not but to what extent you can safely carry on your corruption without getting notices, caught and convicted.  People needs to be extraordinarily honest (super hero) to totally resist and overcome all its temptations and the pressure, which is extremely rare.

The fundamental reason for why all the anti-corruption agencies and the legislations become useless against most of the corruption is as I mentioned it before is that all those majority of the corruption does not leave any such  essential money trail track records to prosecute it under the law. However Anna’s team seems to think and posit that it is mainly because all those Governments anti-corruption agencies and legislations so far lacks the fundamental virtues of impeccable integrity honesty and independent judiciary. So by adding all those virtues in the Janlokpal it can effectively deter majority of all those  corruptions that the existing Governments anti-corruption agencies fail to achieve.

Sadly however, all the anti- corruption bodies, concerns all this time conveniently sideline the above mentioned fundamental fact of corruption. They not even make a slightest effort to point out and educate the public that majority of corruptions specially the secret bribes, tax frauds etc does not leave any such essential money trail track record evidence  needed to prove and to prosecute it under the law, primarily due to the monetary system not able to keep the TRANSPARENT money trail track  records. Therefore it will be impossible to eradicate majority of those corruptions even for the Janlokpal unless the Government REFORM the fundamentally defective, faulty, corruption facilitating monetary system.  Nevertheless for the time being having something to fight the top brass corruption better than having nothing. And also more integrity, honesty transparency and the independence of judicially always will work better in fighting the corruption.  Therefore when it comes to choosing between Anna teams Janlokpal or the Governments Lokpal bill, I would definitely support the Civil Societies Janlokpal bill.

Here what I am desperately trying to bring before the attention of all those anti-corruption concerns and its leadership all these time is that the advancement in the Information Technology (IT) today provides the historical opportunity for them to place the demand before the government to reform the defective monetary system . First all they should demand to bring in mandatory Biometric Identity (BID) in all bank money accounts (including the lockers) also in the property records.  Secondly to Ban the Cash by replacing it with the mandatory e-money transaction. This two most important monetary reforms can make all money transactions TRANSPARENT and will make all such economic crimes from robbery to bribery to leave its indelible money trail track record EVIDENCES at the financial institutions . As a result, first of all the  majority who today SAFELY engage in the economic crimes will find it no more safe but extremely dangerous and would not dare to do it any more for the fear of  leaving its clear money trail track record PROOFS. However if anyone not yet deterred by this fear and still dares to continue to commit such crimes then Janlokpal  such anticorruption punishment law enforcements will easily get all their illicit money transaction  money trail track record evidences made available by the system to prove it so able to prosecute everyone of those people involve in corruption or in all other economic crimes.  

Most importantly in this regard  please see all the details of this subject matter in its main paper titled IT To Root-out Corruption  in http://ittorootoutcorruption.blogspot.com  and the second most important article in http://anticorruptionfight.blogspot.com along with many other important anti-corruption articles

PS. Rough Draft needs further editing. 

Down The Memory Lane

From Marxism Socialism To Working Hour Reduction

DOWN THE MEMORY LANE; a labor activist, quit Marxian Communism some 30yrs back. Still remain a great admirer of Karl Marx. The reason I rejected Marxism is that I basically contend that the Socialist system (Communism) also like capitalism STANDS necessarily on labor exploitation.  People familiar with Marxism Socialism Communism know that it  talks big about the capitalist labor exploitation causing all kind of social evils oppressions in the society and claims that the socialist system  can eliminate all of it by abolishing the private ownership of property (means of production) with planned economy.

However it explains nothing about how it is possible to eliminate the labor exploitation by abolishing the private property or brining in planned social production when it very needs the surplus value for its survival, which only comes from labor exploitation according to their own  Das Kapital SURPLUS VALUE (unpaid labor) theory.  The evasive communist slogan “FROM everybody according to their ability (labor?) TO everybody according to their needs” not going to solve this fundamental labor exploitation issue. 

This is  the basic reason why socialist or communist system miserably fails. The economy still needs surplus value from the workers labor and the only way to extract it is by the exploitations of labor, without the labor surplus value the economy will totally collapse. Therefore there is no way that the socialist or the communist system can remove the labor exploitation any sooner so all the evil labor oppressions associated with it.

My book: “An Alternative to Marxian Scientific Socialism: The Theory Reduction in Working Hours :A Demand for Six Hour Theory”.  Which I wrote and published in 1980 in Kannada Language. (My English writing only at rudimentary levels at that time) In this book I claim labor exploitation mainly occurs due to the COMPULSION on humans to labor (relation) in order to obtain their means of subsistence. It is impossible to eliminate this labor exploitation from any society as long as there exist the need of human labor in the social commodity production.  It gives rise to four main kind of labor exploitations  which are; 1. Subsistence Sustenance labor exploitation 2. Relative labor exploitation  3. Productive labor exploitation and finally the  4. Absolute labor exploitation unfortunately, Marxism totally fails to recognize them for whatever reasons.

However in FUTURE WORLD  the need of human labor in the social commodity production services etc will be gradually ILIMINATED  with the advancement of productive forces science and technology especially by the Cybernetics, Robotics technologies so does its exploitation will finally come to an end when the human society reaches the Zero  Working Day stage.  

So much enough for now about my fast labor activism for the time being.

(PS. Rough draft)

Black Money 100 Times More in India Than In Swiss Banks

We see  the frequent media report about the huge amount of  Indian black money around $1500 billions or roughly 70,00,000 (seventy lakh) crore rupees hidden in Swiss Banks stashed since the fast 60 years. Prosecuting those culprits and bringing the money back to the country can greatly alleviate the poverty  in India. However the media  on the other hand seems to conveniently forget to inform to the public that there can be 100 times more that amount of black money hidden inside the country itself,  taking it out can completely get rid of poverty in India.

Let us undertake a rough estimate to understand the above matter.  Indian population today estimated to be around 120 corers. Consider the top 5% of it extremely rich (many having those Swiss bank accounts), 15% affluent rich, 20% well to do upper or middle class and the rest 60% consisting of lower middle and the poor.  

Now take only the 15% affluent rich consisting of  roughly 4 cores households. In today’s conservative property value estimates one can safely assume that in general each of these AFFLUENTLY RICH households owning a total assets value worth Rs. 15 cores in average in the form of properties, valuables, jewelry gold, investment stocks, safe lockers, bank deposits and cash in hand. However most of them (if not all) in general submit or declare only half that amount say 8 crores in their tax returns and conceal  (hide) the rest 7 crores (the amount  could be other way round. Look at all the Income Tax raid reports in India) to evade the Taxes, which in fact becomes the illegal or the black money. Now if you multiply the 4crores of households each having Rs. 7 cores black money its total amount comes to 20,0000000(twenty crore) Crores, which  means  some 36  times more black money with these affluent rich class alone in the country than in the Swiss banks. Now if you add the black money in the hands of the 5% extremely rich and the 20% well to do upper and middle class as equally the same amount then the figure comes 100 times more.  One can dispute the figure  saying it can be 1000 times more, other may say it may only 10 times some other may point it somewhere between. However one can safely conclude that the black money inside India many times more than in the Swiss banks.

Today, it is very much possible for the Governments all over the world to completely prevent such black money (tax evasion) happening. The advancement in the Information (electronic, digital, bio-tech) Technology (IT)offers  the solution.  BAN the CASH (except a given small amount) replace it with Bio-metric Electronic Money (NFC like). The Biometric Identify in the economic (financial) system will make it impossible to anyone to  hide and keep their money valuable or the properties in bogus fictitious or benami names  so extremely difficult to evade the taxes  thereby the black money along with all other illicit money transactions, corruptions can be mostly eliminated. 

I have explained it more in my paper titled “IT To Root-Out Corruption”. One can access it from my blog < i-opinion-about.blogspot.com>.

PS. Apologies for my poor language skills, writers having good command skills over the language can explain all this far better than me.

Valerian Texeira

My Other Blog-sites:

IT To Root-out Corruption

http://i-opinion-about.blogspot.com/2011/03/it-to-root-out-corruption-2011-revised.html 

Drunk Driving DUI Root Cause

http://alcohol-research-misconduct.blogspot.com/2011/03/drunk-driving-root-cause.html

Alcoholics Cure well

http://alcoholicscurewell.blogspot.com/2011/03/alcoholics-curewell.html