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Wednesday, January 25, 2006

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Ivan Mitev

Let me introduce myself: my name is Ivan Mitev, I was born on April 1957 in Stara Zagora, Bulgaria. In 1984 I graduated the Higher Institute of Economics in the town of Varna, Bulgaria. In addition I have specialized sociology and business management. It is well known that in the conditions of administrative governmental (macroeconomic) protection of financial investments a lot of financial investments are devaluated by the inflation and by the runaway currency crises. It is well known that everybody applying the administrative governmental (macroeconomic) protection of the financial investments is constrained to compensate its main disadvantage and look for, receive, get back and pay up interests and money loans. I am sure that after you get completely acquainted with the disadvantages of the administrative protection, been used for many years, and with the nature and subject matter of the new more useful market protection of the financial investments, you will be able to better satisfy your interest. Proof for my good will expressed to you is the preliminary presentation of a basic economic dependency in the form of a formula for determining the price of market governmental (macroeconomic) protection of financial investments. The market value of that published economic dependency is extremely high because its usage leads to enormous economic effect both for the specific government (macroeconomic) and for the respective financial investors. I have theoretically worked out the problem of the basic difference between the administrative and market protection of financial investments and (for the first time in the world science and practice) I suggest a concrete ingenious method for market governmental (macroeconomic) protection of financial investments. The basic results from the economic research for market protection of financial investments are published in the book “Economic Alternative”, Ivan Mitev, Palmira 1997, Stara Zagora, Bulgaria, ISBN 954-8864-13-4.


MARKET PROTECTION OF FINANCIAL INVESTMENTS

With the replacement of the valuable gold money by non-gold money the applied administrative governmental protection of financial investments has been ungroundedly preserved. The disadvantages of the administrative governmental protection of financial investments are an infantile disease of the market economy and a fundamental reason for budget deficits, accrued huge national debts and runaway financial crises. Due to the administrative governmental protection of financial investments the respective governmental (macroeconomic) financial system gets self-blocked without any chance of being activated again and the inflation value for a definite period of time is always greater than the market price of the invested financial resources. The ongoing application of administrative protection of financial investments is harmful both for the corresponding government and the individual financial investors, because: - it will directly counteract to the virtual governmental interests because the respective financial management will continue to accrue administrative expenditures without getting any market revenues and so it is going to get self-blocked; - for a definite period of time it will always cause damages to financial investors due to the self-originating and self-developing runaway inflation. To protect against the above mentioned week points, the administrative protection of financial investments, being applied for many years, can be replaced by the more efficient market protection of financial investments. By applying the technology for market protection of financial investments the corresponding government (macroeconomic) will have the following basic possibilities: 1.To eliminate the main reason for the current runaway currency crises, inflation processes and financial self-blockage; 2.To terminate any accruals causing inflation; 3.To receive due market revenues; 4.To pay a relatively lower market price for issued securities; 5.To work under conditions of budget without annual budget deficit; 6.To stimulate the required investment activity; 7.To regulate the required level of unemployment; 8.To maintain an exchange rate regulated by the market. 9.Determining the price of market governmental (macroeconomic) protection of financial investments by the Mitev Method: P1= (R2 x P2) / (R1 + R2) where: P1 - price of market governmental (macroeconomic) protection of financial investments; R1 - primary decentralized financial investments resource; R2 - centralized financial resource; P2 - market price of centralized financial resource. 10. Implementation, scientific and technological support of the technology for market governmental protection of financial investments by a system of two base rates of interest and the difference between them; price of market governmental protection of financial investments. The basic results from the economic research for market protection of financial investments are published in the book “Economic Alternative”, Ivan Mitev, Palmira 1997, Stara Zagora, Bulgaria, ISBN 954-8864-13-4. The forecasted total beneficial economic effect as a result of the worldwide implementation of market governmental protection of financial investments is for over 10 000 000 000 U.S. dollars per a calendar day.


Ivan Mitev
PB 295
Stara Zagora
Bulgaria
[email protected]

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