Global Earthling Council, abbreviated as GEC will be an organization that would have all 193 country delegate representation. GEC will be the worldwide accounting / record keeping organization that will record and track wealth (national treasury balance / national wealth reserve) at each individual country level. They shall print, monitor, and control the circulation of Earthling currency. Listed here are the steps involved in taking Project Earthling© live.
GEC will take full responsibility and ownership of activities from step 3 onwards, after its formation in step 2.
Project Earthling© go-live steps
The procedural steps involved in launching ‘Project Earthling©’ will be as follows.
Step 1 – The initiative must be introduced at several global forums, such as Economic Forums, WTO, UN (UNGA), and informed to all country governments and (central banks) CB’S.
Step 2 – Discussions and voting. The introduction would lead to discussions at many levels. Post discussions, a UN voting must be conducted, with one vote per country on the subject. This initiative will be voted in. A governing body must be established (name (e.g., Global Earthling Council, Global Economic Council), governing team (e.g., One member from each country) and other details (e.g., role, responsibility, scope of work, charter, etc.)). Record opening national treasury balances of all 193 countries.
Step 3 – Once the initiative is voted in, we need to design the currency bills. (a) Billion, Half Billion, Million and Half Million Earthling bills for CB holdings and exchanges. (b) 10000, 5000, 1000, 500, 100 Earthling bills for citizen (international travelers) exchanges only. There shall be no other denomination (for e.g., currency bills of 50, 10, 5, 2 or 1 used for local purchase transactions). As no country allows purchase/sale (or local / domestic retail businesses) by using Earthlings. It is only an International trade currency and foreign exchange currency and not for domestic trade or business.
Step 4 – Mint(s) that will print Earthlings shall be set-up in a single location. These mints will be governed by all countries (their representatives); and will be under 24*7 surveillance. The location should ideally be in India, or Europe. City to be selected.
Step 5 – Flushing USD from all non-USA countries. Earthlings shall be printed to replace USD holdings of all countries (their CB’S). The exchanged USD should be retrieved and trashed / shredded (as in truly replaced). The replacement amounts will be equal to the recorded opening national treasury balances (see step 2).
Step 6 – Monitoring country treasury balances and controlling Earthling printing. Begin of normal – regular GEC operations. After replacing the reserves of each country (their CB’s) by Earthlings, GEC would be highly restrictive in selling Earthlings to countries. Based on the analysis of trade requirements of nations (categories of nations), adjustments could be made to GEC policies over a period of time.