1918 (Special Edition)||Listen to the show!|
|Aired on December 21st, 2012|
|Guest: Armen Papazian|
|Guest: Dr. Armen Papazian. Topics: Creating money via wealth not debt to finance space development. Please direct all comments and questions regarding Space Show programs/guest(s) to the Space Show blog, http://thespaceshow.wordpress.com. Comments and questions should be relevant to the specific Space Show program. Written Transcripts of Space Show programs are a violation of our copyright and are not permitted without prior written consent, even if for your own use. We do not permit the commercial use of Space Show programs or any part thereof, nor do we permit editing, YouTube clips, or clips placed on other private channels & websites. Space Show programs can be quoted, but the quote must be cited or referenced using the proper citation format. Contact The Space Show for further information. We welcomed Dr. Armen Papazian to discuss his space financing theories based on creating money in our global economy through wealth rather than by debt and debt instruments. I urge you to read his papers and see his presentations on this subject at www.isdhub.com. Definitely download and reach "Money Mechanics For Space" which you will find on the left side of the website under the Planetary Referendum box. Also, do vote on the Planetary Referendum, an issue our guest brought to our attention several times during our discussion. You will also find additional presentations and papers of interest to us and this subject on the isdhub.com website so do check them out. While our program was in two segments, the overriding discussion focused on how we presently create money by debt, why this is a problem causing methodology, and why we need to move to alternative ways to create money, both in the U.S. and around the world. Since we do focus on lots of economics, having his papers and presentations handy to supplement our discussion will prove useful. Dr. Papazian explained how we create money today and the problems our current methodology causes as it is based on the concepts of scarcity, risk, and time. We spent considerable time talking about scarcity and time in economics, in the practical administration of government policy, academia, and why we need to move away from these concepts. Our guest suggested an alternative scenario in which money is created through wealth with space as the leading wealth creating industry because space represents abundance, not scarcity. A wealth based money creating economy does away with scarcity as the underlying foundation, replacing it with abundance. In this discussion, he introduced us to Public Capitalization Notes (PCN), a very important tool & part of this alternative approach to creating non-debt money. We fielded listener emails and calls with many questions for our guest. Listeners wanted to know if there was a cost for money and how would that be handled? What about the time value of money, risk & inflation? Armen made it clear that he was not suggesting a disruptive change in our economic systems, instead, he was advocating a parallel economic system and an evolutionary approach toward wealth and abundance based money creation using PCN tools. Near the end of our discussion, we applied what our guest was saying to space investments such as recent projects discussed on The Space Show and their very significant infrastructure requirements. From this discussion, we learned how space can be a game changer and rather than banks, governments, and individuals owning debt, these financing parties would own equity or assets in the space project. In Armen's closing comments, he urged us to vote in the Planetary Referendum for Cosmic Awareness and to be supportive of their crowd sourcing program. Please post comments/questions on The Space Show blog. If you want to email Dr. Papazian, you can do it through me or the Contact page on his website.|
|About our guest...|
Armen Papazian is a financial economist, senior executive, and an entrepreneur with a track record of innovative successes. He is the founding chairman and CEO of Keipr, a boutique project management and consulting firm, and board member and founding Chief Executive of the ISDHub JV, International Space Development HUB. After earning his PhD in financial economics at the University of Cambridge, UK, he embarked on a career path that led him to achieve capital market history in the Middle East. As a former Managing Director of Innovation and Development at the Dubai International Financial Exchange (Nasdaq Dubai), he led the launch of the Middle East's first Structured Products platform with Morgan Stanley, Deutsche Bank, and Merrill Lynch. He has led the creation of the region's first tradable bond and Sukuk indices with HSBC and the first fungible dual listing with a US exchange in the region. As a former Head of Islamic Finance for UBS, he was responsible for the Islamic operations of the Bank globally and across all business lines. He served wealth management, asset management, and the investment bank. He has also made unique contributions to financial valuation theory through the concept of Space Value of Money. He has proposed a unique solution to the global debt-crisis through the design of a unique instrument, i.e., Public Capitalization Notes, conceived as a monetization tool for money creation, transforming the equation of money invention from debt to wealth. He is a co-author of the Star Voyager Roadmap, September 2012, where he addresses the financing of interstellar travel. Until recently, he held the honorary position of Fellow at the Cambridge University Judge Business School, UK. He has numerous publications in a variety of outlets, he contributes regularly to policy debates in various media globally, and is a widely sought after speaker, economist, and consultant.
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