From EkaBank to Dhana


EkaBank is the universal credit system by which users can receive in any currency loans on trust, without security, without interest and without charge. The EkaBank system is alternative to bank system with which it has no connection. EkaBank loans are intended solely for the real economy and should be used to meet basic needs and to work to produce. The value of the loan and repayment terms must be based on reasonableness. User names are not made public unless the event of default. To become EkaBank user you must open an EkaBank account. EkaBank accounts are denominated in grams of fine platinum.


Dhana is the universal currency guaranteed since from issue by capital of companies with a nominal value equal to one gram of fine platinum per Dhana: one Dhana per one gram of platinum. Dhana is issued on behalf of those who work and produce and represents the value of work: one Dhana per one hour of normal (abstract) work worldwide. One hundred Dhana to each inhabitant of the planet at least sixteen years of age are assigned. Dhana has a limit of issue:  more than one hundred Dhana per assignee, except five per cent to be allocated to humanitarian initiatives can not be issued. In total, five hundred billion Dhana to be assigned and twenty-five billion Dhana for humanitarian initiatives will be issued.

From EkaBank to Dhana

When legal tender currency will be extinct, EkaBank account balances will be converted in Dhana, always at rate of exchange a gram of fine platinum per Dhana.

What are the effects of this process

Less than 5% of the credit is used today in the real economy. The rest is used in finance. That's because, despite the disproportionate amount of money compared to trade, currencies depreciate slowly.

The universal expansion of credit by EkaBank reverses this situation because, financing the real economy only, causes a strong acceleration of the devaluation of all existing money and, since money is the measure of values, and then the price, also the devaluation of the whole existing real wealth, including that concentrated in the richer minority of the population, with the consequence of a universal redistribution of wealth.

At the same time, the acceleration of the depreciation of money makes uncontrollable the mass of legal tender and requires the adoption of a new universal currency that represents the real value of wealth and, therefore, since the work is a true measure of wealth, the recognition of the entire value of the work.

As a result of this award, will reset the use value of the assets in place of their current exchange value.

Question - Also supply of credit to individuals and businesses repay the loaned lead to an explosion of the devaluation?

Answer - Yes, because the devaluation depends on an increase in the money supply in the form of credit to the real economy.

Question - Why we would have redistribution of wealth?

Answer - The redistribution occurs giving credit to those who now does not have and as result of the devaluation. If you now have a billion euro of wich 80% concentrated in 10% of the population and by EkaBank you give another billion to 90% of the population, at the end you have two billion, only 40% will be concentrated in 10% of the population.

Question - But in the same time no devalues ​​the wealth of the rich as the (little) wealth of the poor?

Answer - Yes, but if you devalue by 50% of all, you have left 50% of the all instead if you devalue by 50% of nothing is still nothing. EkaBank pours from everything to nothing and at the same time devalues ​​both all both not much (that is always more than nothing).

Question - But the rich with 50% of his wealth would live in any case very well, while the poor with 50% of what little would live even worse.

Answer - The poor (especially him) will benefit from the new availability of credit.

Question - But what will happen when all the money will be fully depreciated and therefore will have no purchasing power?

Answer - Legal tender will be refused and EkaBank users whose accounts are denominated in grams of platinum will use Dhana as currency, with the purchasing power of one Dhana for one ounce of platinum.

Question - How do you reconcile the emission limit Dhana (525 billion) with Dhana arising from the translation of the EkaBank accounts?

Answer - We have to distinguish the money from the credit. Money is (should be) the value of goods and services and/ or the value of the work necessary to produce new goods and new services. The credit is a right to receive money or other assets against which there is a debt, that is, the commitment to give money or other assets. Dhana is a monetary system, so it's money. EkaBank is a credit system that represents the right to receive and the commitment to pay. In essence, the issue limit of Dhana does not prevent the debt-credit relations in Dhana, the amount of which may also be higher than the total of issued Dhana.

Friday, March 29, 2013.

Rodolfo Marusi Guareschi