The 5 Financial Engines™ of Project Galileo
“history is driven by finance”
Historians who are not blinded by dogmatic Theories of History can distill the most positive aspects of Human History into two categories of action: invention; and the domination/utilization of available resources.
Invention, often spurred on by the lack of normally reliable resources, can be an extremely constructive force for History, and for the environment. One good example of this is the industrial refining of kerosene, which by the 1860’s had replaced whale oil as the fuel of choice to light the homes and streets within many major U.S. cities (without which whales may long ago have disappeared from the oceans). Inventions, though not necessarily requiring an outlay of capital to conceptualize, do however need to be translated into workable models (such as for patenting), and then often require manufacturing, marketing, and distribution, all driven by capital, without which they may never see the light of day.
The quest for the utilization of natural and man-made (manufactured) resources, spurred on by finance, represents the second category of positive human action, leading to global research and exploration, and the harnessing of resource-based or man-made Financial Engines™ to build cities, agricultural infrastructure, and whole economies. For economies to be sustainable, they need to be diverse in nature, requiring financial infrastructure (such as stock exchanges) to continuously fund and grow companies engaged in propagating new technologies, or improved models of existing businesses.
Project Galileo has, from its inception, harnessed the leading edge of global innovations and technologies (the 300 Technologies of Project Galileo), and incorporates 5 separate and distinct Financial Engines™ to grow and sustain the economies of our Virtual and Terrestrial Cities of Science, and the 3 developing countries that will be hosting them. Our 5 Financial Engines are:
The Innovation Exchanges™
At the core of each City of Science will be a Financial Center, the crown jewel of which will be an Innovation Exchange™: a junior stock exchange that can attract capital to flow into new SME’s within each City, incorporating one or more of the 300 Technologies of Project Galileo, the know-how of local entrepreneurs from the relevant Host Country, and investment capital from every corner of the globe. Our listed stocks would be purchased utilizing, and quoted in, Project Galileo’s exclusive cryptocurrency: Galileo Monetary Units™ (“GMU’s”), initially priced at €1.00 EUR apiece (see www.galileomonetaryunits.com, and Paragraph 5 below).
Junior stock listings on the Innovation Exchange™ in each City of Science will include start-up companies, who will be authorized to raise 5,000,000 GMU’s worth of common, voting stock shares, without red tape, or excessive legal, accounting, and investment banking fees. The proceeds of such junior listings would be governed by escrow provisions, so that firm capital would be distributed as per a fixed cash flow plan lodged with each Exchange (similar to cash distributions from a construction loan, with monthly disbursements to each company made upon the submission of receipts for expenses during the previous month). In our view, this policy will increase the likelihood of the success of each venture, and protect the interests of shareholders.
The Innovation Exchanges™ will be governed by The Innovation Exchange Foundation of Project Galileo, an independent organization that would regulate the issuance, reporting, and redemption of securities within the Virtual and Terrestrial Cities of Science. The (4th) Innovation Exchange™ would be created as a virtual exchange within Project Galileo’s Virtual City of Science, to facilitate international purchases of equity and debt securities offered by the 3 Innovation Exchanges™ within the Terrestrial Cities of Science (in the Republics of Georgia, Haiti, and the Philippines).
The First Nations Stock Exchange™
The economies and enterprises of Indigenous Nations, and Peoples, have long been overlooked by the global Financial Industry, and there has never been any form of financial infrastructure dedicated to raise money for native Governments or companies. Project Galileo will change all of that. Side-by-side with one of our Innovation Exchanges™, we will develop a single organization, governed by The Innovation Exchange™ Foundation of Project Galileo, to list bond offerings from global First Nations, and to raise capital for qualified native corporations and businesses. In addition to creating the First Nations Bond Market™, the First Nations Stock Exchange™ will be developing Native Capital Pools™ (“NCP’s”) to raise equity capital for native entrepreneurs and innovators. Many native-owned businesses, by the laws of many international jurisdictions, have special tax advantages, and are even entitled to financing from their respective (national) governments, so that they can outcompete businesses formed outside of Native Lands. These economic advantages can be shared with the outside world, and can justifiably attract global investment capital. The socioeconomic benefits of The First Nations Stock Exchange™ will be so strong as to rebalance hundreds of years of economic segregation for Native Peoples, and should catapult First Nations of the Globe into a position of financial advantage to develop their societies, educate their youth in sophisticated industries, and to preserve their precious and distinct cultures for the duration of the 21st Century and beyond.
Christian Banking is in its infancy. Project Galileo L.P.’s Christian Growth Fund (see www.christiangrowthfund.com) will have, as its primary investment, the World’s first truly well-capitalized Christian Bank: “CBANK™” (see www.cbank.finance). CBANK™ will consist of 2 organizations: (a) a retail bank to help support Christian communities, and the urban and rural middle class and poorer classes of each Host Country; and (b) “The Institute for Ethical Banking™,” an institution long overdue in a world where the greed of bankers has replaced the spirit of patronage and partnership once practiced by financiers in the United States and throughout the World. CBANK™ will be engaged in providing a combination of debt and (partnership) equity finance to consumers, whereby interest payments would be low, and both our Bank and consumers would be able to maintain a high ratio of equity. Each banker’s goal would be to improve the individual economic circumstances of his or her clients year over year, which would become the basis of a successful annual evaluation of the banker’s performance. Within a decade, it is our vision to expand CBANK™, which will be governed by Christian Principles, to become the largest and best capitalized bank in the World.
The Management of Project Galileo has, in the past, produced the printed currency (legal tender) for sovereign nations. Utilizing state-of-the-art printing technology and security features, the Consortium governing our Project can offer to national governments programs for producing secure and improved paper money, coins, passports, government bonds, and other bearer instruments.
Galileo Monetary Units™
Empire Group, one of the 5 Consortium Member Organizations governing Project Galileo, has developed a technologically superior cryptocurrency known as the Galileo Monetary Unit (“GMU”) (initially available for €1.00 EUR apiece). The “cents” of each GMU are referred to as “Ganymedes.” GMU’s will represent the exclusive instrument that will be used, by ordinance, for all transactions to be conducted within Project Galileo’s Terrestrial Cities of Science, and within our Virtual City of Science. GMU’s, consisting of virtual bills with individual serial numbers, will be the first cryptocurrency to ever be exclusively used within a physical jurisdiction, but will also represent the exclusive currency within the Virtual City of Science. GMU’s will facilitate both large-scale and small-scale transfers of capital and assets between end-users, from purchasing a cup of coffee in the Georgian City of Science, to executing massive governmental swap transactions via the transaction platform housed within our Virtual City. Special governance technologies will allow our cryptocurrency platform to preserve the “Virtual Safes™” of our end users and restore them to their rightful owners in the event of lost codes or passwords. We will also be able to engage in “splits,” should the value of our cryptocurrency (in Euros) ever increase to the point where new purchasers of our GMU’s would find it difficult to qualify for purchases. It is expected that GMU’s will become one of the World’s most commonly used cryptocurrencies in the coming decade.