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| Vladimir Balanov, © Kiril Konstantinov |
From Vladimir Balanov, Principal of New Atlantis
June 11, 2015
In conjunction with the creation of a new sovereign country, located on
the island of YJNI, that is a constitutional monarchy and principality, called
New Atlantis.
Dear Friends,
As you know, about a year ago I proposed to the Bulgarian government for
the YJNI island to become a part of Bulgaria’s territory. Since I did not
receive any answer, I sent a letter to the European Commission (Mr. Schultz,
Mr. Rompuy, Mr. Juncker, Mr. Timmermans, Mrs. Kristalina Georgieva) in which I
offered them the island, so that they can select a company to manage the
exploitation and the governing of the economic zone surrounding it. Up to this
moment, I do not have an answer from the EC, either.
I assume that the Bulgarian government and the European Commission have
not responded yet, since the joining of a new territory to a certain country
means changing its constitution, and in the case of Bulgaria, this requires the
summoning of the Great National Assembly. This presents an additional obstacle
for the politicians and it is probably why they have not replied.
In the meantime, on April 17, 2015 news came out about a Cheque named Vit Jedlicka who took
advantage of a glitch in the territory distribution following the fall of
Yugoslavia. He has founded the country of Liberlandia on 7 square
kilometers of no-man’s land that was left unclaimed by all the newly formed
Balkan countries.
Since nobody responded to both my proposals, I decided to follow Jedlicka’s example. Hence, on May 22, 2015 the
de facto registration of the new sovereign country was completed, giving birth
to a constitutional monarchy named New Atlantis.
I would first like to clarify what the country really is. It is a
political and economical union of a group of citizens who have their own
government and are exercising sovereignty upon a territory and its adjacent
territorial waters and airspace.
In order for a country to be created, it needs to have a free territory,
in this case, the island of YJNI; a group of citizens to execute the foundation
of this country, which was done by the constitution signing on May 22, 2015.
The third prerequisite is to have a government, which we have already prepared.
And the fourth prerequisite is that in accordance with the international
regulations, it is also necessary to have recognition by another country or
government and to establish mutual diplomatic relations with it. According to
the above-mentioned international regulations for founding a country, we have
met all the requirements. I would also like to point out, that in accordance
with the international law, the recognition of a country and a government is an
act that can only be performed by countries and governments. By default this
means a willingness to establish diplomatic relations, which we already have
with several countries.
In accordance with the international law, the UN was created to preserve
peace and understanding between the nations and to guarantee international
stability. It does not have the necessary jurisdiction to determine whether a
certain formation is a country or not, for, the UN is not a country or a
government itself, and therefore cannot legally recognize a country or a
government. The reason why I am mentioning this is because some people think
that we need to be recognized by the UN, and becoming a member is simply a
voluntary act.
I would like to point out that the main goals for creating the country
are the following:
1. By using international laws and regulations to create an economic
formation of 12 miles of territorial waters and 200 miles of exclusive economic
zone, the economic potential of which can be utilized by all the citizens of
the country.
2. Creation and maintenance of the social network IQ140, the network of smart
people. Apart from being a monetization tool for its members, the idea is to
transform it into a phenomenal social outlet where society can vent all the
negative energy gathered throughout the economic crisis, as opposed to taking
it to the battlefields like in the First and Second World War that ended
similar crises, but also caused many casualties and destruction.
My family initiated the country in order to avoid possible
complications. There is always a chance for someone outside of my family that
has signed the constitution to later claim that his signature is not legitimate
and to dispute the creation of the country by taking the matter to an
international court, where the trial could take years and would prevent the
advancement of the new country.
We have accepted a constitutional monarchy as a form of governance,
similar to 40 other countries like Liechtenstein, Monaco, Andorra, Great
Britain, Japan, for, I believe this is the optimal model for founding a country
and for its initial development.
By choosing against a foundation as a republic with let’s say, 50
citizens we are avoiding an unfortunate Balkan-like scenario where “unknown”
entrepreneurs organize twice as many citizens at the following elections, take
over the republic and corrupt the project.
As you can probably guess from the name of our country, New Atlantis,
the idea is to attract as its citizens and most importantly, as governors, the
most intelligent people in the world, whom we believe to be the descendants
from the sunken continent of Atlantis.
According to our Constitution, all founders, Nobel laureates, “Mensa
International” members and the people that have participated in the foundation
of the country are by default citizens of New Atlantis.
Apart from them, all people on the planet that are students and/or have
a high-school diploma and are not convicted can become citizens of the country.
Note: Provided that any of these citizens successfully takes the “Mensa” test,
they will automatically join the above-mentioned privileged group.
As I already brought up, the goal is for the economic potential
resulting from transforming the island into a country, amounting to 100
trillion dollars according to some of the scientists, to be governed by the
smartest people and citizens in the best interest of everyone in the country.
Hence, we, the founders with the help of our friends have created a sustainable
economic mode, which can be further developed by all citizens of the new
country.
Here is our vision how every new citizen of New Atlantis can benefit
economically from his citizenship:
First option: We all know that in the digital era most of Earth’s
population is spending several hours a day in front of a computer. We want to
find a way to channel this time into actual economic gain for every citizen.
This is why we have created a social network, called IQ140.
Every citizen has to join the social network and will automatically
receive around 500 principal dollars upon registering, electronic money similar
to bitcoin issued by the Central Bank of the Principality. Every “Mensa
International” member or Nobel laureate is entitled to 3 times as much, around
1500 principal dollars.
The idea is for this network to grow and develop as the country does and
to eventually reach a number close to that of all Facebook users.
On one hand, we will have maybe the second biggest virtual country in
the world, and on the other hand, a substantial internet traffic in our network
leading to an increase in profit from advertising. Obviously, the profit will
be directly related to the level of engagement from the users.
IQ140 will be the property of all its members, the citizens of New
Atlantis. As opposed to other social networks where the shareholders are
financial institution while most members have no shares or economic gain, the
profit from IQ140 will turn into shares for the citizens.
Second option: We will give the citizens and members a chance to have an
economic gain in the “social network of smart people” by receiving the
above-mentioned 500 bitcoin-type electronic vouchers.
The idea is to organize an internal payment method between the members
for their own needs. Having in mind that this would be the “social network of
smart people”, we are expecting the trust in this payment method to grow
rapidly for the first few years, so that it can become another major source of
income for the citizens of the country.
Bitcoin is an excellent example of such a process. When it was created
5-6 years ago, it used to cost 0.80 USD. Due to the increased trust as an
international payment method, at some point it began trading on the
international markets, which raised its price up to 800 USD for 1 bitcoin.
Currently, 1 bitcoin costs about 250 USD.
Let’s imagine that we, the citizens of the new country, are working to
contribute for our network’s recognition and trustworthiness worldwide. This
would also lead to the validation of the payment methods that we are using
internally. If we assume that our currency reaches a ratio of merely 50 USD for
1 principal dollar, every citizen and member, initially given 500 principal
dollar, can accumulate in the next 4-5 years the equivalent of 25 000 USD. It
is hypothetical, but also probable. It all comes down to the work and efforts
of all members of the network, because each of them will be motivated to be a
shareholder and to receive dividends.
Third option: We can create a joint-stock company which every citizen of
New Atlantis can buy shares from in exchange for a smaller or larger amount,
depending on his financial status. The amount collected with those shares will
be country’s starting capital and the foundation for the development of the
social network and the economic zone.
This company will also own the social network and will be governed in
everyone’s best interest. The country will authorize it to govern and exploit
the natural resources in the economic zone, the territorial waters of New
Atlantis. The yearly revenue for each citizen will be determined by the
effectiveness of the managers that we will hire together with the citizens.
Fourth option: Together with specialists from “Mensa” our economists
have developed a model for how the citizens of New Atlantis can make money. The
method itself is innovative, but it can only be realized with the help of the
EU, for it is related to its current situation. We believe that this method can
help the EU solve the challenge of deflation and to become a driving force in
rebooting the Old Continent’s economy.
Nobody can deny, that Europe is currently in a unique situation. I mean
that more than 50 years after the creation of the EU and 16 years after the
establishment of a unified currency, the EU is in such an extreme state that the
European Central Bank is forced to apply the mechanism of “quantitative
easing”, the printing of money and emitting them into circulation in order to
reboot the economy.
During one of its official meeting in January 2015, the ECB decided to
print and emit into circulation around 1,2 trillion Euro to be injected into
the EU economy in the following 18 months. Most of you probably know that
Germany was against this operation, because it has an economy that is perfectly
organized and works impeccably. The German government and all Germans spend as
much as they have earned, as opposed to some east- and south-east countries
that spend more than they have earned, creating a deficit.
Germany began an official trial in the European Court against the ECB’s
intention to apply the above-mentioned method of quantitative easing, claiming
that this is an unregulated government aid that many countries from the EU will
receive. But the European Court ruled that this is not government aid and
allowed the ECB to print money and emit them into circulation.
This was apparently not only a moral strike to the German government,
but also a material one due to the depreciation of the assets of the German
companies. The operation of printing money and emitting them into circulation
started in the beginning of March 2015 with the first tranche of 60 billion
Euro. At the end of March, most EU economists determined that there is a glitch
in the system, the money was all going for covering previous debts to banks,
government social debts, payments on EU debts; very little was used for the
actual reviving of the economy.
The ECB grew worried by this and immediately, its head, Mario Draghi
announced to the Italian deputies that the ECB has done everything possible and
that this operation will only prolong the vicious circle. In order to reboot
the economy, structural changes were needed that were up to the respective
governments. With this statement, the Head of the ECB transferred the
responsibility to the prime ministers of the governments for not being able to
implement a structural reform.
The ECB has the right to be worried mostly because the reviving of the
economy would require more than 1,2 trillion Euro. American and English
economists that have previously performed similar operations in the US and
Britain have estimated that 4 more trillion Euro would need to be injected into
the EU economy.
It is pretty clear that the ECB and the European politicians don’t have
a solution for those 4 trillion Euro. Mario Draghi’s statement following the
initial injection of 60 billion euro from the total amount of 1,2 trillion Euro
shows that the ECB is not even sure how effective their own printing and
emitting endeavor will be. So, they are worried for any additional financial
injection that the EU might need.
And this is where our economists, together with those of “Mensa”
proposed a solution for those additional 4 trillion that the ECB needs to
inject. Namely, the newly created country of New Atlantis that is the only
European country without any debt and has a free economic potential of 100
trillion Euro, can create a joint-stock company with a minimal capital of 3000
Euro and with 30 participants; the 28 countries members of the EU, New
Atlantis, the EU itself, that would all receive 3,3 % of this company.
As the most flexible one in terms of decision-making, New Atlantis has
agreed to contribute part of its economic zone to this company. In this case,
following an international audit, by let’s say KPMG, it will be determined that
the value of the contribution is 30 trillion Euro, which can also be the
respective appraisal of the shares. Or in other words, every European country
will own shares worth around 1 trillion dollars.
According to the ECB’s decision on quantitative easing, it can also buy
securities, which are basically the above-mentioned shares. The idea is for the
ECB to evenly buy out from all shareholders the equivalent of 4 trillion Euro.
Namely, the amount necessary to be printed and emitted into circulation to
revive the EU economy. This way, the ECB will become the 31st shareholder.
Our economists are proposing for about 1 trillion of this money to be
available to the 30 shareholders, and for the remaining three to be divided
into two EU funds. The first fund would administer 1.5 trillion Euro that would
be used in infrastructural projects similar to the Jean-Claude Juncker plan.
Thus, new workplaces will be created, the economy will turn around, million of
employees would receive their salaries regularly, would pay their credit debts,
would shop in the stores, etc.
The remaining 1.5 trillion would be used to create another fund for
printing out and giving out each one of the 500 million citizens of the EU 3000
vouchers equal to 3000 Euro that can only be used for buying goods or services
made in the EU.
The joint-stock company owned by New Atlantis would not receive 3.3 %
like all the other shareholders. Bearing in mind that we are the only ones who
are investing real capital in the form of a contribution, we would be entitled
to 4.3 % of the company’s capital so that we can secure the operation.
We would offer to the ECB to buy out our 1 % share for 180 billion Euro.
New Atlantis would use these resources to build 3 research centers; campuses
that would be equipped with all necessary institutes and laboratories for
top-level scientific work. We intend to invite the smartest people in the world
to these campuses, where they can live, work, develop their ideas and turn them
into reality for the sake of all of us.
We plan to invest 60 billion Euro in Bulgaria, the city of Svishtov,
traditional university center and birthplace of New Atlantis’ founders; Greece,
the city of Thessaloniki, traditional university center located by the sea;
Germany, one of the small Alpine towns with a tradition in science.
In this way, the world’s smartest people, the “grey matter” of the world
would come to live and work in Europe. Their accomplishments in science and
practice would contribute not only for the prosperity of New Atlantis’ citizens,
but also for the development of the EU, for, their accomplishments will be
accessible to all European countries to.
FOREIGN POLICY
Dear Friends,
New Atlantis is a country the main goal of which is to support and
protect the economic prosperity of its citizens. Having in mind that they are
scattered all over the territory of our planet, the newly formed country of New
Atlantis will apply and become a member of all economic unions, including the
EU, so that it can protect the economic interests of its citizens.
I am taking the opportunity to ask a group of countries already members
of the EU, to take over our representation and to assist us with their
experience when applying for membership. In particular, we are addressing
Germany, Bulgaria and Greece, because:
a) to us, Germany is the country epitome of organization and economic
prosperity that we would strive for;
b) Bulgaria is the country where the founders were born and where they
grew up. The legislation of the new country, in accordance with the
Constitution, is the same as the legislation of the Republic of Bulgaria, which
is in turn coordinated with that of the EU. We believe that this would
facilitate Bulgaria’s government when assisting us to apply in the EU;
c) Greece, out of respect for the Greek government that was the first to
grasp the essence of our project with the YJNI and offered their lawyers to
consult us when exploiting the island, its territorial waters and the economic
zone around it. It is pretty clear that being an island country, Greece has
enough experts knowledged about managing island territorial waters.
Dear Friends,
I am taking the opportunity to invite all of you who meet the criteria
for a New Atlantis citizenship and that accept our ideas, to start signing up
for citizenship in the respective website, so that every one of you, depending
on your capabilities and willingness to do so, can contribute to the building
and functioning of New Atlantis.
We are open to any new ideas and endeavors among which we can chose
together with you, so that the best ones can be implemented in the economy of
the new country for the well-being and common interest of all its citizens.
Apart from that, I am addressing all IT specialists, especially in
Bulgaria, to contact us and to help us in the building and maintenance of the
country’s IT system. I am also addressing and asking for cooperation on the
part of all B Team members, the group of world business leaders, whose goal is
not only making private profit, but also working on improving the wellbeing of
people and preserving our planet.
As far as I know, they have been working for a long time on the creation
of a new government model of a modern country, entirely operated by software,
supported by thousands of independent servers. I have information that together
with Richard Branson, members of this group are visionaries like Bill Gates,
Reid Hoffman (the creator of LinkedIn), Marc Andreessen (Member of the Board of
Directors of Facebook) and many more, that have already supported the
development of a software model for governing the modern country and building
up on its business.
We are announcing to the above-mentioned gentlemen that we have the
basis, the legal platform, the newly formed county of New Atlantis, on which together
with them, we can install and apply this new model with joint efforts.
Finally, I am addressing the journalists from all over the world to whom
I hold the deepest of respect, not only because they are potential citizens of
the country based on their noble occupation and natural qualities, but also
because I know that they are society’s engines in difficult times. In
situations like a world economic crisis, I think that we need to come up with
unorthodox solutions and there are already a few of them. I believe that our
project New Atlantis will such a solution and journalists can help for its
development.
I am inviting all journalists to become our ambassadors worldwide, so
that our ideas can reach people like the B Team, Mrs. Merkel, Mr. Juncker, the
prime ministers of Bulgaria, Greece and most importantly, the smart people of
the world.
As I already mentioned, I believe that there is a solution to this
extremely complex situation, in which we live in, we simply need to use our
collective mind. With the help of today’s biggest phenomenon, the social
networks and our own, the social network of smart people, IQ140.eu, together we
can open the valve of the negative energy accumulated by humanity, so that it
can pour into the virtual space, as opposed to the battlefields, leading to the
destruction that we witnessed during the First and Second World War.
Vladimir Balanov, Principal of the New Atlantis Principality
Welcome to IQ140 - the new social network aimed at intellectuals. This is the website for
all the people that know and can. This is where you can meet such people and
become good friends...
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