Maks-Currency' as solution to Nigeria's inflation- Peter Mathews - Akukalia
Castle Makupedia World scientist unveils 'Maks-Currency' as solution to Nigeria's inflation, forex crisis Currency.
Mr Peter Matthews-Akukalia, a world scientist, has called for the recalibration of the Nigerian currency into an invention known as 'Maks-Currency' to tackle economic challenges of inflation, high foreign exchange and debt profile among others.
He defined 'Maks-Currency' as an anti-inflation currency measured by diamond; the strongest element of nature and uses a smart algorithm formula to solve all of the countries economic problems.
The integration of Naira into 'Maks-Currency' solves problems of inflation, high interest rate, price regulation, foreign exchange rate, national debt relief, salaries and wages and budgetary planning.
inflation occurs because global currencies are actually fiat; as no currency has a metric system.
This situation necessitates the importance of recalibrating global currencies by applying an invention that has calculated the energy value of all tangible and intangible commodities in the world.
I invented what is called the Makupedia- the first world digital smart dictionary that has calculated the benchmark values and translated into prices for all tangible and intangible commodities, thereby established a constant from abstract things.
If the currency is adopted, one mak would equal 10 pounds and this currency is ten times more powerful than the current Naira.
Application of maks-currency if adopted by the Central Bank of Nigeria (CBN) means that issues surrounding minimum wage would be eliminated because every natural value based on solar computing has provided a benchmark for everything under the Sun.
For example, to pay a teacher, all you have to do is look at the natural values which has already been calculated in the makupedia to determine the benchmark minimum wage and then you add up other qualities and qualifications which has also been computed.
I can guarantee you that the application of Maks will lead to price slashes by 70 per cent in less than three months.
The adoption of Maks-Currency would solve high interest lending rate of any currency because discovery showed that the value of any currency hidden within the currency indicates that no interest rate could go beyond 0.1 to 0.9 per cent.
This is in spite of the length of the denominative codes on any currency.
"Maks will out-rule the speculative or fiat system of economy or currency value.
Under Maks, by smart computation, 35 Kobo is to One Naira and this makes the currency more exportable as dynamic pricing system would be managed by a benchmark of the calculated energies.
Maks can also be run online as an E-currency.
The currency has the capacity to create one billion jobs globally and Nigeria's adoption of same would be a source of wealth for the country.
Maks-Currency will introduce the need for a combination of creative sciences, creative economy, new arts, mind technology, pure computations, and computational creativity.
There will be the need to create the Ministry of Creativity to accommodate over 2,000 new skills and over two million concepts as we move from fiat to a knowledge economy and driven system of computational creativity.
As the first currency to be measured by diamond, the Nigerian flag would be on the currency before it is opened to the rest of the world and exported to other countries.
I am therefore seeking partnership with the CBN to adopt 'Maks-Currency', integrate it into the Naira, to stabilise the economy. Matthews-Akukalia received the patent for the currency from President Muhammadu Buhari on Oct. 20, 2022.
*What the Maks Currencies Patent means for Nigeria are:
On adoption of the Maks Currencies, the prices of all goods commodities and prices will drop by 70% in less than 3months. That means that a bag of rice currently sold at about #40,000 will sell for about #12,000 in the first instance.
However the Maks Currencies automated value puts a benchmark price of 50kg bag of rice at 1.1Maks equivalent to £11. That is 11 pounds.
Now assuming Naira exchanges for N900 to 1 pound. £11 pounds will be N9,900 for a 50kg bag of rice.
Now in order to make equitable distribution of profits for the buyer and seller, this benchmark value will be functioned on daily energy online. So prices will vary each day but within a specified limit of between 1.0 - 1.9 on profit or loss margin.
It will make easier lending rate for banking. Let us take the N200 note with the code printed on it as AH/37 - 507240
The lending value will be 1.5% per unit. Assuming #100,000 was borrowed at the same denomination. Cash to be paid back would be 1.5% x 500 units of N200 on same codes= N750.00.
This means that money given out will run on same codes and can be tracked. For N100,000 of N200 means that 500 units of same code lent out, N750.00 will be the interest. People can borrow within a limited time frame, earn profits and pay back easily.
Maks Currencies means that Nigeria is automatically signed into the Paradise creative economy system which ensures that social ills such as unemployment crime hunger and youth restiveness is reduced to the barest minimum.
As everyone will be measured by their contribution to society and not by level of wealth or influence. The rich becomes richer through investment into ideas and the poor becomes rich because of his ideas.
The Maks Currencies Patent is a win-win situation for every citizen.
Value added taxes will be the equivalent cost of a thing. Example, a litter of petrol will be about N5.00. Taxes will be taken per litter as 0.5k
So 100 litters = 100 x 0.5 = N50 remitted to government.
So for every N5000 earned on petrol sold, N50 is remitted as tax by trader. Naira will function as 35kobo = N1.00. Higher than the dollar which ranks as 45cents=$1.00, Chinese yen at 40:1 by standards set in the World Digital Smart Dictionary.
Peter Matthews-Akukalia. World Scientist. E-matthewsakukaliapeter@yahoo.com
Call:
08038272210
08057482794
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