KOPSIDAS
Proposed European Infrastructure Project
A high-speed transportation system that reaches speeds of more than 1300km/h (800mph), linking all the main European cities and popular tourist destinations. Moscow to Aegialia will take less than 2 hours.
The proposed Hyperloop project will boost the Aegialian and European economies in the sectors of education and training, manufacturing, tourism, trade, services, and real estate.
The Hyperloop system is comprised of capsules full of people in a low-pressure tube and elevated on Pylons. The Hyperloop system will be solar-powered and will be entirely manufactured in Aegialia. Each capsule will accommodate 28 passengers and can also be used to move freight.
The operation and management of the Hyperloop will be put out to tender
The Hyperloop transportation system will not cost partner countries anything; the AegialianTreasury will entirely fund the project.
The necessary money and credit (Euros) are extended and recorded by the Aegialian Treasury and monetized by The Aegialian World Bank via the Royal Mint. The Money and Credit will be issued by The Aegialian World Bank "interest-free," i.e., "debt-free."
The Aegialian Treasury will control the money as an institution of the Sovereign Kopsidas, The Anax of Aegialia and Rome.
Interest-Free Euros and debt-free money and credit, controlled by the Aegialian Treasury and issued by The Aegialian World Bank, will replace the current European Monetary System, where the currency is issued with an interest bearing component by the ECB.
"The days of imposing interest on money and credit lending are coming to an end," said Kopsidas, the Anax of Aegialian. "Predatory lending practices i.e., interest imposed on the currency by financial institutions, is suffocating economic growth worldwide. Money and credit are meant to encourage sustainable economic growth, not to stifle it. Money and credit serve as a convenient form of exchange, not to increase at interest i.e., the breeding of money from money. Money and credit are necessary to an economy, but it's not the purpose of the economy. Physical production with sustainable economic growth and price stability is the objective of an economy."
"Under the current arrangement, the corporate parliament borrows money from the Semitic Empire with interest bearing debt attached to the principal. The private central banks who are assigned to create money do not create the interest. It means that if all the money were to be repaid, there would be no money left over to pay the interest. The interest remains and increases in perpetuity. Furthermore, under the current arrangement, central bankers are the beneficiaries of the interest.
"Clearly, there needs to be a shift from interest-bearing debt to non-interest bearing credit if the world economies are to recover from the current economic calamity. Non-interest bearing credit is a natural and responsible approach to monetary policy."
Initially, money spent into the economy via necessary infrastructure projects (Public Money) will remain in the marketplace for citizens to use as a convenient form of exchange. It means that the new European government will acquire money and credit through the Aegialian World Bank for necessary infrastructure projects and are not expected to pay it back. In the case of an oversupply of money i.e., inflation, a tax system will be deployed to contract the money supply and balance the quantity of money in the economy to productivity and population growth. Tax revenues will also be used to fund other necessary infrastructure projects; this will limit the amount of "new money" coming into the system. The private sector will also be eligible to use interest-free credit for productive investment.
"Increasing the productive powers of labor is far more important to an economy than any financial instrument, for example, Credit Default Swaps and Derivatives. Speculation and useless forms of investments are nothing more than a casino. Speculation, Credit Default Swaps, Special Investment Vehicles (SIV), and Derivatives do not produce anything of value in a physical sense. On the contrary, they are useless forms of market speculation which create economic problems. Today everyone tries to accumulate more and more money through speculation and ignore the real physical economy; that's partly the reason why Greece and most of Europe are in a financial and economic mess. Countries that produce real physical things are in better financial shape, i.e., China, and the countries who have a speculative casino economy are in deep trouble i.e., Europe, USA."
All our Eastern and Western European friends are welcome to join the Interest-Free, Debt Free, Single Monetary Union, of the new European Union.