Framework for a Dharmic Economy as per the Agamas of Paramashiva
The world’s economy today is saddled with fiat currency where a small group of people in the governance layer control the production and value of currency, and where banks, third party enforcers, and the government constantly enrich themselves at the expense of ordinary people. The current system inherently lacks trust and communication, which has to be enforced externally to the system. Further, value for some currency comes from deals between powers, rather than inherent value created. Subsequently, the entire system from top to bottom is based on violence.
Why is the world economy like this? Can this problem be solved? Is there hope for a fairer, open, more equitable economy that benefits the individual as well as the greater good? Surprisingly, the ancient science of Yoga has answers for these questions.
Paramashiva, the original author of the science of Yoga and enlightenment (the Veda-Agamas) lays out the core cosmic principles of Oneness in the Vedas, and reveals the dynamic rules that govern the working of the world based on the principle of Oneness in the Agamas. To state it differently, the Vedas represent the basic science, and the Agamas represent the applied science, and forms the operating system of the world. Surprisingly, Paramashiva discusses wealth and economics in the Agamas. He sees wealth as a core expression of enlightenment, and details a framework to create a superconscious society through an Agamic economy.
According to Paramashiva, all economies in alignment with Oneness will share certain behavioral patterns. First and foremost is one where what benefits the individual benefits the greater good, and vice versa. Second is the idea of “non-violent money” where value is created purely based on businesses that enrich people (eliminating any business or economic practice that thrives on exploitation, such as insurance).
Anything that increase in value by being shared should be freely available to all e.g. education, open-source software. That way the growth of the individual and the growth of the society is aligned.
Anything required for day to day living and lifestyle should be created in a self-sufficient way e.g. health care, clothing and food. Self-sufficient economies do not outsource their basic needs. But in the modern consumption-based economy, outsourcing things like food has led to creation of dependence of the society on food-like products, which leads to poor health.
In fact, the key insight here is that the fiat-currency model has been exported to both education and healthcare in this world leading to exploitative economies. In Paramashiva’s economy, currency only comes into play for projects that require the coordination of people and resources for long-term investments. But this currency should be based on contribution – trading time and energy to create money and ownership and responsibility should be distributed throughout the system.
In Paramashiva’s economy the people and Paramashiva are co-creators of money (translates into value), where our ability to be intelligently active and constantly contributing is wealth. The ability to keep the currency current & moving, gives value to the currency.
Where Paramashiva embodies and incarnates on Earth, the place where he lives is called KAILASA. The latest incarnation of Paramashiva is His Divine Holiness Bhagwan Sri Nithyananda Paramashivam. His goal is to create a superconscious society through liberating economic practices outlined in the Agamas.
Pillars of the Dharmic Economy
Our goal is ambitious. What are we trying to achieve is to create a framework for an economic network for KAILASA, where contribution to the KAILASA mission will go directly in building superconscious society, running on the core principles of benefit for all, and generate multi-fold return for the participants and investors in the economy. As said in the Bhagavad Gits: “dharmo rakshito rakshitaha” – those who contribute to the world are rewarded.
Participants in this economy will understand the true meaning of charity – it’s not that you get rich and THEN contribute to the world, but in the new economy you get rich BY contributing to the world.
Towards this goal we plan to create a vehicle consisting of two aspects
Hindu Investment and Reserve Bank
- An investment vehicle to centralize Hindu devotee cash flow. This fund will attract investment from the entire Hindu community, one of the wealthiest communities in the world
- This fund will strengthen the community by investing in things that matter to the community, in purely non-violent businesses that follow the principles of the Agamas
- It will lend money to the members of the community for them to invest in non-violent businesses
- The ownership of the bank will be decentralized so there is trust and ownership
- The fund will be so attractive that anyone in the world will be eager to invest in it
At a more ambitious scale, our aim is to create a Hindu Reserve Bank which creates its own supply of money which is not contaminated by fiat currency. Imagine that this currency is the only one accepted in the Paramashiva economy – to participate in the Dharmic economy, one that is aligned with the cosmic laws, one that will give them enormous spiritual rewards and multiple returns on investment, people have to use this currency. An ideal way to create such a currency is through cryptocurrency.