The idea for financial freedom
Michail Roerich's Note for Monday, June 5, 2023.
We live in a world where most people have surrendered many of their birth rights and basic items like for example access to financial services is built around the need to earn the right to use said without it being available a priori to everyone on equal basis as it should be.
I set out to change this, and the last 18 years have deeply shaped my understanding of how financial services should work and what is needed for real change that is in the public interest.
I started my financial career as far back as 2005, and 16 years ago when I envisaged the Golden Drachma during the Greek financial crisis, I established the Electronic Money Issuer which has helped many Greeks since. This was the start of me trying to do something about the world around me. After that many things akin followed like studying finance, the invention of Gofer Coin, managing billions and of course the prelude nearly a decade ago which guided my life to public service.
In consequence I learned that to change the financial system for the better you have to go as deep as changing the entire structure and workings of society. This was proven to me countless times around the world but of course no event was as telling as the referendum of 2015 in Greece when the will of the people was so impudently violated.
When drafting in 2020 the constitution for the British Commonwealth and articulating how a better society would look like, that is a society based on inspiration to create rather than the need to survive and one that is self-governant as opposed to governed by few, I articulated within one of the principles of a creative society (principle 14) the concept of economic stability that includes financial prosperity which in turn includes protected rights to income thusly the right to financial inclusion.
Those rights would then be incorporated on a more national basis, for example in the case of Ukraine, this would be the British Ukraine Citizen Rights.
Over the last 3 years as Chairman of the British Technology Bank and in cooperation with central banks I have spent time developing the vision of a new banking world with a focus on freedom, creating opportunities and financial inclusion. This of course includes what has been termed Commonwealth Banking and its various payment systems now clearing in excess of 1 trillion pounds sterling.
For example, we developed the Peoples' Global Payments Network as a decentralised payment network based on relationships between real people meaning it’s a kind of de-facto alternative to the banking system. And on this network we have built the Commonwealth Wallet that has no restrictions of any form, and we state that access to payment services is a basic human right in a self-governing society based on the creative ideology - a practical implementation of financial inclusion.
At the time of writing herein I have also re-focused on Ukraine and at RIT we have announced the Residential Financing Scheme funded by the Financial Freedom fund which is in turn funded by me to provide an opportunity for earning money from your property for citizens of Ukraine. We will also be setting up local committees in Ukraine on various topics to take forward the will of the people. The Roerich Institute of Technology website will be updated with details.
Going forward I will be writing often herein on the subjects of finance and technology as well as covering some of my actions and endeavours across the world.