The 5 Financial Engines of Project Galileo
“History is driven by finance.”
– Christopher Wolf Crutcher
Historians who are not blinded by dogmatic Theories of History can distill the most positive aspects of Human History into two categories of action: (a) invention; and (b) 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 our oceans). Electric planes are now likely to soon replace fuel-consuming aircraft, benefiting both mankind and all other species of the Earth. Inventions, though not necessarily requiring an outlay of capital to conceptualize, do, however, need to be translated into costly working 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 and maintain 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 industries, new technologies, and improved versions of existing businesses.
Project Galileo has, from its inception, harnessed leading-edge global innovations and technologies (the 300 Technologies of Project Galileo), and has developed 5 separate and distinct Financial Engines to grow and sustain the economies of our Virtual and Terrestrial Cities of Science™ (inclusive of the Mini City), and the 4 developing countries that will be hosting them. Our 5 Financial Engines are:
The Innovation Exchanges™
At the core of each of our 3 planned Terrestrial Cities of Science™ will be a Financial Center, the crown jewel of which will be the Innovation Exchange™: a junior stock exchange that can attract capital to flow into new SME’s within each Terrestrial City. Each junior listing would incorporate: one or more of the 300 Technologies of Project Galileo; the know-how of local entrepreneurs from the relevant Host Country; and investment capital drawn 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 Paragraph “5” below).
Junior stock listings on the Innovation Exchange™, operating within each of our 3 planned full-scale Terrestrial Cities of Science™, will primarily 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 generated during the previous month). In our view, this policy will increase the likelihood of the success of each venture, and strongly protect the interests of investors/shareholders.
The 3 Innovation Exchanges™ within our Terrestrial Cities 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 Virtual Innovation Exchange™, also to be governed by The Innovation Exchange Foundation, will be created as a digital stock exchange within Project Galileo’s Virtual City of Science™, to facilitate international purchases of equity and debt securities issued by both virtual and terrestrial companies.
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 specifically for Tribal Governments or native-owned companies. Project Galileo will change all of that by founding the First Nations Stock Exchange™.
Side-by-side with each of our Innovation Exchanges™, we will develop this 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 indigenous corporations and businesses (primarily SME’s). 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 indigenous entrepreneurs and innovators. Many native-owned businesses, as per the laws of multiple international jurisdictions, have special tax advantages, and are even entitled to grant financing from their respective (national) governments, allowing them to out-compete businesses formed outside of Native Lands. These economic advantages can be shared with the outside world (and the global investment community), and can justifiably attract substantial international investment capital.
The socioeconomic benefits of The First Nations Stock Exchange™ will be so strong as to be able to re-balance hundreds of years of economic segregation as applied to Native Peoples, and should catapult the First Nations of the Globe into a position of financial advantage to develop their societies, educate their youth to participate in sophisticated industries, and preserve their precious and distinct cultures for the duration of the 21st Century, and beyond.
Christian Banking, in the 21st Century, is still in its infancy. Project Galileo’s Christian Growth Fund will have, as its primary investment, the World’s first truly well-capitalized retail Christian Bank: “CBank™”. Our business plan for CBank™ consists of the founding of 2 organizations:
(a) a bank to help support the Christian communities, the urban and rural middle class, and the poorer classes of each of our Host Countries; and
(b) “The Institute for Ethical Banking™,” an institution that is 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 equity (partnership) financing to consumers, whereby interest payments would be low, and both our Bank and said consumers would be able to maintain a high ratio of equity within their portfolios. 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 said banker’s performance. Within a decade, it is our vision to greatly 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. With government cooperation and partnership, we would be pleased to develop Polygraphic Facilities within each of our 3 planned full-scale Terrestrial Cities of Science™.
Galileo Monetary Units™ (GMU’s)
Empire Group, one of the 5 Consortium Member Organizations governing Project Galileo, has developed a technologically superior cryptocurrency known as the Galileo Monetary Unit (the “GMU”)–initially valued, in the pre-market, at one Euro (€1.00 EUR) apiece. “GMU Cents” are referred to as “Ganymedes™.”
GMU’s and Ganymedes™ will both represent the exclusive units of exchange that will be used, by ordinance, for all transactions for goods and services to be conducted within: Project Galileo’s 3 planned Terrestrial Cities of Science™; the Mini City of Science™ in Thailand; and our Virtual City of Science™. GMU’s/Ganymedes™, consisting of virtual bills/coins with individual serial numbers, will be the first cryptocurrency to ever be exclusively used within a physical jurisdiction, from the time of the Grand Opening of the Mini City near Bangkok.
GMU’s/Ganymedes™ 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 permanently 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 use in basic purchases.
It is expected that the GMU will become one of the World’s most commonly used cryptocurrencies in the coming decade.