A high-speed transportation system reaches speeds of more than 1300km/h (800mph), linking all the main European cities and popular tourist destinations. Moscow to Athens will take less than 2 hours.
The proposed Hyperloop project will boost the Hellenic 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 the Kingdom of Ellada. 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 Hellenic Treasury will entirely fund the project.
The necessary money and credit (Euros) created by the Hellenic Treasury will be issued "interest-free" and "debt-free."
The nations money will be created by the Hellenic Treasury as an institution of the Sovereign Kopsidas, Anax of Ellada. The money will be issued by the Bank of Hellas (BoH) without interest i.e. Interest Free Euros.
Interest-Free Euros and debt free money and credit, created by the Hellenic Treasury and issued by the Bank of Hellas (BoH) will replace the current European Monetary System, where the currency is currently 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 Ellada. "Interest imposed on the currency by private 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 purpose of an economy. "
"Under the current arrangement, the government i.e.,company borrows money with an interest bearing debt attached to the principal . The Central Banks who are assigned to create sovereign money do not create the interest. It means that if all the sovereign money were to be repaid, there would be no sovereign 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 economy for citizens to use as a convenient form of exchange. It means that the Hellenic government i.e., company HELLAS that acquires money and credit through the Bank of Hellas (BoH) for necessary infrastructure projects 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 be eligible to use interest-free credit for productive investment.
All our Eastern and Western European friends are welcome to join the Interest-Free Single Monetary Union.