For a Market Economics of Marketism’s Banking System to properly work all of the economic tolls “parameters” must be exploited and used in ways explained by Quantum Economics-Philosophy of The Economy’s articles:

Business structures (corporations, llc, etc.) with extended personal liability by the risk management. Business laws and regulations empowering medium to small businesses and investors: by being enforced by federal courts instead of direct execution by the Executive branches of Governments. Expanding individual for a country business laws and regulations globally. Empowering the usage of social policies and infrastructure as economic tools for balancing demand-to-supply ratios and income levels. Expanding monetary quantities to accumulate the added supply-side constantly rising productivity and globalization. Thus, enhancing Economics as non political, market based and statistical system of artificially adjusted.

To get this system practically in action a properly adjusted banking system must respond by handling monetary quantities and over all financial stability; preventing inflation and overall instability. (Here, we must be clear that economic tools called parameters in Quantum Economics are “artificial” adjuster of overall economic development instead of promoted by trickle-down economics self adjustment). In short the main difference between this new system of economics and the currently used system of economics is in not anymore relying on the “natural” powers of a deregulated market which by concentration of capital and reinvesting of this capital a cyclical-like development occurs: which (as explained in other parts of this work) might well had functioned in a market not that widely globalized and not in such high and ever rising productivity, thus because of these new developments of globalization and high productivity the self-adjusting system of economics which includes in different percentages by the economics of Capitalism, Socialism and Communism (all based on the Marx and John Locke’s philosophy of economics) can not succeed in properly adjusting the forces in economic fluctuations and consequently results in “wild” crisis such as 1999 and the most recent one.

The Quantum Economics presents “artificially” adjustable market balances by using a variety of economic “tools” system of economics: in which these economic tools are used indiscriminately (not politically or other motivated) but purely based on statistics; in this quantum economics the overcapitalization (considered as energies) is adjusted by dispersing it into the rest of the market (markets); to prevent from really violent fluctuations of markets quantum economics uses a very environmental policies, regulated business, and financial structure and equitable social and infrastructural expenses that lift the grid of current economic (market) activities so the over-capital is artificially dispersed in the ‘artificially” raised grid.

Overall the security in quantum economical structure is much higher therefore the monetary quantities are much higher but to avoid inflation and maintain security in such economic environment a very strict but well adjustable central banking system is required. Global banking system capable to expand the monetary quantities based on individual for individual markets and countries’ security. The underwriting used by such central bank (GLOBAL CENTRAL BANK TO SERF ANY MARKET AND COUNTRY) is to be more like corporate underwriting which is taking in account individual countries, markets their overall security and proper balancing of demand-to-supply ratios, business plans, their existed and projected equitability, regulated business structures, and etc,. This World Bank should rely as said on statistical information and use firm policies and should be able to expand monetary quantities: an act which totally differs from the currently used Global system. The International Monetary Fund should fill the holes, the way it is doing it now and help countries, markets in high need for assistance.

This research called “quantum economics-philosophy of the economy” is more like an underwriting system for expanding monetary quantities.

American people have elected Barack Obama as their President with a great hope. He has triumphed over John McCain with an overwhelming majority. Common Americans think him as charismatic. They are seeing a savior within him. Now they want to see his charisma in bailing them out from the present economic crisis.

Economic crisis in America has hit like a hurricane. Consumer confidence is in a hopeless condition. Retail sales have shown a negative growth in the third quarter of the year. US housing is in its worst in recent years. Dow Jones, NASDAQ and S & P are in a plunge. Banks and financial institutions are collapsing. $ 700 B bailout plan of Bush administration could not improve the situation. Everything seems to have been demolished. Economists, fund managers, politicians and statesmen, CEOs of business houses and people at large are stunned. Even the administration, be it local, provincial or federal does not find a way to come out of the terrible situation.

Current American economic crisis also effected the global economical situation badly. Economy all over the world is now in a downtrend. Nikkei, KOSPI, Hangseng, Sanghai, FTSE, CAC, BSE and Nifty, each and every stock market is following the downtrend of US market. Obama mania is seen globally. He has an image of a global personality. Hence, the rest of the world is also looking at him.

President Obama is in the driving seat of the global economy. His decisions will not only effect the American economy but also the world.

He has declared his priorities at his first press conference. It is the economy as expected. He rightly mentioned his intention to fight the recession. Job loss in US is also in alarming state (6.5%, most since 1994) and throws a big challenge to the President elect. He knows the challenge well. He will take it as top priority when in office. Many people in America believe that outsourcing is a major cause of unemployment and job loss in America. Obama campaigned for a policy against outsourcing during the election. He likely has to come out with some regulations for the corporations to discourage outsourcing. He may provide tax benefits and subsidies to encourage generating local employment.

Obama has announced future tax cuts for corporates and common Americans. He is honestly talking of net tax cut. He has also indicated special benefits to the American middle class.

Obama, the President elect, however, has not gone into details how he will deal with the problems of economic crisis, recession and job loss. He, of course, has given some indications. He is working with his team to come out with a strategy.

He has also intended to take actions in the fields of environment, energy, clean energy, finance and healthcare. Policy change in these sectors will surely effect the economic system overall.

Possible strategies and suggestions:

The foremost task of the new administration is to provide jobs to common Americans. The country has to create new jobs as well as retain the old ones. How can Obama achieve it? This is the million dollar question.

It is very difficult to create new jobs when every thing in the economy and market is in downward trend. And For that one has to be very creative and innovative. Ban on outsourcing may prove counterproductive. European Union, Japan or some other developed nations may continue with out sourcing. This measure can help them in cutting cost in some sectors. It will improve their competitiveness against the US in the global market. It can further accelerate recession and job loss in America.

It is worthwhile if Obama and his economic advisors concentrate on some core sectors. Agriculture, largely neglected, is one of them. There is large agricultural land in the US unutilized or underutilized. Agriculture contributes negligible amount in the GDP of US. Therefore, economists and corporations ignore it but it has a tremendous potential of employing people. Large number of people can be engaged and employed in this core sector. Agriculture is not an efficient way of generating money but of employment. Those will be low paid jobs comparatively, but will keep wheels of economy moving.

Similarly, they can mobilize resources in mining sector. The US requires a lot of minerals and ores to feed its industries. Now it can concentrate on its huge underutilized mineral reserves. It is a good way for the Obama administration to motivate business houses to work in this sector paying subsidy, tax holydays or some other benefits.