How's this for an answer?

The current world debt is up to 42trillion doIlars and is slowly climbing an upwards of 3trillion dollars a year. At this rate by the time my grandchildren are my age the first gazillion dollar bill will be in red. I believe that if this crisis is not dealt with immediately the worlds economy will crash and we'll be wishing the world had frozen over instead. The Idea is simple in theory, I would distribute can to any and every venue that mass amounts of people would attend on a regular basis. asking people to donate no more than a dime at a time. I would then ask for the companies to bring these buckets/cans to the bank to deposit in what I open up as a global social security fund. because nickles and dimes wouldn't be able to wipe all the debt away in a reasonable time frame I would move to invest the social security funds into profitable third world endeavors. The Idea of investment is only an "Idea" there is so much more that can be done once the actual program is started. When I start this account i would want to set it up as a savings account were no withdraws could be made in the first five to ten years of collection. There are a lot of point i haven't settled on because as you can see this would involve a lot more people then just me.


I definitely wanna make it global.


I definitely wanna put a five year minimum on the base collection time, but more time more money and higher interest collection.


I am definitely open ideas referring to globally investing in third world project calling for a minimum of a 10% return after the investment.


P.S. English was never my strong suit. lol








Additional Details


a pill for the pessimism


1. if you where to get 1million cans to 1million different places and 1thousand people to donate 1dime to each of the places on the first day that's .1*1,000*1,000,000= 100million (on the first day) once interest picks up it's no telling how much could be saved in only a day.


2. 100 yrs or 1000 years if humanity is still around we start doing things today to make their lives easier.





3. i guess i forgot to mention the fund would be set in a way were an entirely new system of government would have to be set up in order to monitor/ create a visible growth screen were everyone including the public has constant knowledge of how much money is in this fund// and regulate collections and to see that all investment gain returns.


Be somewhat realistic, this idea may be far fetch but it's not out of the realm of possibilities for success.








Once i was asked why would a person what to do something to change the world and the easy answer i came to was EVOLUTION. Separate we are strong but we are also violent but together we are unstoppable and growth is exponential. if i could explain the theory better i would. I am truly sorry for the ignorance that blankets this page.





4. I'm looking for more constructive criticism!!!! It really gets my passions for this moving and creative juices flowing.








5. I was expecting to hear about this and have already come to the conclusion that if I come up with an idea like this I should be able to go to college and get a free degree. lol If I'm going to take a hand out it will be to better my future. I love building, always have and hope to one day be part a world that survives on free energy. A.K.A something AMAZING!!!








all points that have been made are so far have been very fair.


6.this wouldn't be a fund for countries this is a fund for people so technically no one would run it, it would run itself.


7. money used wouldn't be as simple as a hand out it would be used to teach, grow, and open prosperity in areas that have long suffered.|||It's a noble thought (and I like out of the box thinking), but you may want to examine your math.





1. At $100 million a day, you're looking at over 1100 years to retire the debt, and that's if deficit spending ended right now. Even with interest, you'll never get there, because the world debt is growing at a higher percentage rate that you'll get as interest. It's like trying to catch a car going 100 mph with a bicycle--even if you speed up from 15 mph to 30, you'll still never catch it.





3. Using a "new system of government" to administer the money would eat most of what you collected. I've worked with government agencies, and one of their natural tendencies is to take up all available space and funds.





How do you decide who gets the money, and in what amount? You're going to have to have people make those decisions, and they're going to want studies done about whether the money is better spent in Chad or Namibia, and once they decide which country, more studies to see what industries in which cities, etc.





That's not a slam on government--it's just how they operate.





6. The idea that it would "run itself" is at odds with #3. If people are going to have data on how the money is collected and spent, somebody has to collect it and collate it so it's understandable. Actually, a lot of somebodies, because you're talking about a lot of data.





7. This sounds a lot like the idea of "microloans", although those are often person to person through a private agency. A person loans a small amount of money (say, $50) to a farmer in some Third World country to allow him to increase his rice production (more land, better equipment, whatever). The farmer can then sell more rice, pay off the loan, and make more money.