Edward Ingram
Private Research Macro-economics and Safer Financial Products, Self Employed
A REVOLUTION IS COMING IN FINANCIAL SERVICES
Benefiting everyone and starting with Ministries of Finance World Wide.
I have started a new company to help with the implementation.
According to testimonials given, I am an excellent innovations manager and I have developed a revolutionary Housing Finance Scheme that is years ahead of its time. It, and other innovations can transform the economy of nations making them easier to manage and better behaved.
It can make our personal borrowing budgets and our personal savings and other investments, including housing, safer by a significant margin, allowing us to relax and improving the rate of economic growth, taking out most of the recession threat. The economy will be easier to manage.
My distinguished backers (see below) have agreed to join me on my board of directors at IngramSure (UK) Ltd, established 10th February 2012.
THEORETICAL BASIS
There is no formal discipline called Macro-economic Design, so I am formally starting it right now. There is an engineering skill that I have called Control Systems Design.
As things are currently designed, if the economy was your car, your car would veer left and right continuously forcing you to make adjustments simply to stay on the road. Currently at least eight of our economic structures, like lending, taxation, regulations, cross currency transactions, stimulative instruments, etc. automatially unbalance the economy.
FIRST PRINCIPLE
When a complex machine is not behaving well the first thing that an engineer does is to see if everything is being done 'by the book'.
He can either make things more complex dealing with the symptoms, adding to the complexity of the system, or he can deal with the source of the problem.
WHAT IS GOING BY THE BOOK?
SECOND PRINCIPLE:
Demand for everything in an economy is linked to the demand for it as average incomes rise. So all asset values and cash flows must be allowed to rise proportionately - prices rise as demand increases - so says 'the book'. But mortgage costs rise and fall 8 - 14 times faster, fixed interest bond payments never change. wealth gets eroded, interest rates go off course... and the economy is a complex system...
NEW COMPANY AND CUSTOMERS
IngramSure is now preparing the human and other resources to help Ministries of Finance, World Bodies like the World Bank and NGOs, Regulators and Rating Agencies, and teaching institutions around the world to help financial institutions and governments to put things right. Some teaching institutions are already interested and one has started coaching Masters Degree students.
DISTINGUISHED BOARD OF DIRECTORS
By month end this should include five key people who have between them two Fellows of the Institute of Bankers, two Chartered Secretaries, one Fellow of the Institute of Directors, one past President of the International Union for Housing Finance, three ex Banking / Building Society executives, one executive of the Building Societies Association, one that steered the Building Society, the Unit Trusts, and the Pension Funds under his management through a period of Hyper-inflation, one that got first place in the world in an examination when he was young, one that teaches actuarial Science and has helped with university presentations that were well received. One has been invited to sit on an interim Board of the Institute of Bankers, and he was Head of Banking at the University of Johannesburg.
NEW RECRUITS
For more on this, visit my blogs.
We are seeking nominations from Universities and top executives to fill our team of advisers with full time staff. Currently everyone works on a voluntary basis, but when we get cotracts these positions can be well paid. Meantime training will be given. Experience in dealing with our potential customers will be a major plus point.
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5 contacts1964 - 1969Innovating the science of Quality Control in a factory setting.
Much of what I did is now textbook stuff but I did not publish anything.
Now I innovate in Financial Services and Macro-economic Design.
My hobby is trying to get something done in other areas where I feel that mankind needs a helping hand, but I am bogged down in getting this one launched first.
In particular a new convention for nations to sign up to in order that their leaders come more under the law and less able to commit the crimes that take them to the ICC. It is for us to do something about that. The in-depth culture needed to support the law can be developed fast in the current climate of the Arab Spring.
Then there is a solar water supply drawing water vapour up a solar chimney to the top of a mountain where it condenses and supplies clean water to the surrounding plains with side-benefits of creating solar power and maybe salt from the ocean.
My macro-economics should help to provide the resources needed to eliminate poverty and the politics should provide the open door to enable that to succeed. If we do not win this battle the world population will continue to grow out of control and mankind will continue to write its own death warrant.