Aiming for a Greener Financial System

Doffinc - The only need at the minute is a step change in greening the financial system. The economy is witnessing a competitive urge between financial centers and companies for green finance leadership. An accepted green finance will always constitute a right proportion of policy action and market. Driving the environmental risk analysis

Controlling financial technology to strengthen retail demand.

After the government, multilateral development banks and international financial banks have also an important role to play, 

with options like:

Promoting financial market development and filling project pipelines.

Developing countries encounter major investment gaps and receive a small share of the green financial flow. There are a number of developing countries which are advertising green bond roadmaps, highlighting the potential for green finance. To understand the seriousness of the United States financial status is to trace the history of the dollar or Greenback as it was known during the Civil War. 

The term greenback refers to legal tender, printed in green on one side and issued by the United States during the American Civil War. Currency at that time was backed up by gold but, when the Civil War broke out the demand for more currency was too much for the gold reserves the United States had. The Federal Reserve continues to print fresh "Greenbacks" and loans the money with interest it to the US government. Printed on only one side with green ink. The Greenback was proof that Lincoln understood the dangers of having currency loaned to the government at high interest rates. He knew that with interest rates with loaned money would be putting the United States deeper in debt. Jackson, Lincoln, Garfield and Kennedy all knew the dangers of money loaned to the government with high interest as the real cause of the United States national debt. 

After the battle of Gettysburg Congress repealed the Legal Tender Act and restored the previous gold and silver backed currency loaned by major Banks with interest to the US government. On August 15th was the 47th anniversary of President Nixon's financial blunder. Up until that time a dollar was worth 1/35th of an ounce of gold. What Nixon did was promise by taking this action, the requirement of maintaining the dollar's value in terms of gold would empower the Federal Reserve to use monetary policy to increase the general prosperity of the American people. Had the gold standard survived our economic growth would have risen to over 4% or even higher. We have to point out that 4% economic growth rate always yields higher employment and higher wages. Having a gold standard is necessary for maintaining the buying power of the dollar. 

The United States has suffered a most debilitating economic and financial crisis since 1972. Consequently the Greenback dollar will only continue to keep Americans disposable incomes from increasing. what is urgently needed is to put the Treasury Department in charge of our currency interest free and not the Federal Reserve where the interest rates for all the dollars loaned back to the US government has only crippled the United States financial and economically

Categories: Debt Manage, Finance Concept, Finance Risk