HC Economy

NJK-HC Revenues (Deut 28:12-14)
While the NJK plans to be fully self-sustaining and procure most of its raw materials from freely available sources (e.g. dissolved minerals, ocean crust and seabed mining), it may need to, until these now non-conventional mining sources and techniques are further advanced, to procure raw materials from existing world sources/markets. For the most part, being able to do this can only involve basic commodity or service trading. However, in some cases it may (or preferably) require money. There are several areas within the NJK from which it will be able to deal commercially/financially with foreign corporations and entities. Even if current raw materials needs are met, the NJK may (and more likely will) continue to maintain these dealings in order to have some financial "leverage" and security; Since the NJK's Free-Service economy does not require a great deal of monetary finance in order to still be fully functional and stable; the "foreign" dealings will not be extensive. They include: Commodity Trading, various Services, Tourism, Personal Finance and Investments, which are discussed here.

Commodity Trading
The NJK cities will have access to, and be in a physical position, to procure many needed commodities to various world markets. These include minerals and metals from the sea bed and ocean crust and also from seawater itself. Also, in today's world where freshwater shortages, and thus even wars to control freshwater resources (cf.), are fearfully forecasted in the near future, freshwater that has been freely collected (catchment) and/or produced (as a natural byproduct of seawater mining) in Holy Cities may become a very valuable trading (or selling) commodity.

Various Services
Projections have shown that the energy that potentially can be produced in a typical HC will be more than abundant as compared to what will be consumed. (See here). This potential extra energy can be produced and used for processes that require a great amount of energy. (e.g., metal processing; hydrogen production, seawater desalination). Some companies may see a human resource and/or financial benefit in outsourcing these processes to various industries in HCs. Other services that can provide revenue include those that will be used by people who want to use and can afford NJK services (as the NJK economy permits) such as education, medical care, food production, etc.

Transportation and Cargo "Hubs"
The use of hubs in the transportation/travel and freight cargo industries has proven to be a very beneficial method for efficiently carrying out these services instead of point-to-point services. The presence of ocean-based cities that can easily serve as international hub for air and sea travel and cargo can be seen as beneficial by many related companies. The available NJK facilities will also help decrease the ever-increasing congestions that exist in the airline industry. These transport companies will of course be charged for these services and "accommodations" at close-to market, if not, current market prices.

On top of simply holding cargo containers until they are picked up, a valuable service that can be offered these days, to particularly the sea ports of countries, is a detailed and documented inspections of ship containers.

The entire process,a nd the result of the scan and/or manual inspection can be made available electronically to the receiving port through, e.g., secure videos feeds, data files, among other methods.

Tourism
Physically, for many, the ocean-city aspect of NJK's cities will be an attraction in itself. A mini ocean city off the shore of Dubai, U.A.E, call "The World", and ocean going travel/residence vessel projects such Freedom Ship are built on such an expectation. Also the NJK's Biblically-based society and economic system will also intrigue many visitors into seeing and experiencing it in person. Therefore it can easily be expected many tourists will visit Holy Cities throughout the NJK annually. These tourist will naturally be charged for accommodation, food, transportation, attractions, etc., however the various rates will be much lower than the regular market rates for these same services.

Personal Finance and Investments
While the charging interest as a practice among God's people clearly prohibited in the Bible, (see Exo 22:25; Lev 25:35-37; Deut 23:19) and not doing so is also seen as the natural actions of the just person (Eze 18:8, 17) and the ‘citizen of Zion’ (Psa 15:5) as opposed to the ones committing an “abomination” (Ezek. 18:13; 22:12), it is however only allowed when money is lent to “foreigners” (to Israel) i.e., non-covenant people or unbelievers (Deut 23:19). It is also seen as being 'worthy' when it is “gathered” to be used to help the poor (Pro 28:8). It is projected that many citizen of the NJK would have had become owners of various personal properties such as homes, automobiles, real estate, etc. The NJK does not require that owners relinquish their properties, but will rather encourage that they be reinvested. The NJK will freely provide investment assistance and financial counsel services to owners in order to safeguard and maximize returns. These investments include residential and/or commercial real estate (apartments block, condominium units, REITs), savings accounts, certificate of deposit (CD) accounts, stocks and bonds purchasing, etc. The only requirement that will be made is that the various financial gains that are beyond national inflation increases be used to help complete/meet the needs of other NJK citizens who cannot of themselves meet the shared financial expenses of the NJK and to pay for the financial expenses related to the foreign humanitarian and development missions that the NJK will assist in and undertake. So if an NJK citizen-resident sold their home, and received $250,000 and then reinvested that money (e.g., buying a multifamily rental building); if they later chose to have their original assets returned to them, they would receive the full initial value ($250,000). (The bought real estate will itself produce much more than a normal inflation return as its value will more than likely increase (appreciate) annually at a rate of 4%-6%. (cf.) In other applicable cases, the initial asset value donation would be returned along with additional inflation increases). So this will mean that an NJK citizen-resident will not come out financially less fortunate if they would later choose to emigrate from the NJK as they will then still have the purchasing power parity to "reclaim" the equivalent of their prior assets. This investment system is one that is both favorable to the NJK in its humanitarian endeavors and to the investment firms and their borrowers. NJK citizens gets the minimal financial revenue and the economic cushion it may need/use to ensure that the NJK's Free-Service economy operate at full capacity, and these foreign investment institution or firms get the financial capital they need in order to expand and/or make loans. In this function, the income earn by the NJK for its ministry and missions can be seen as a tax on financially capable peoples of the world.

Now if the NJK did not at all need to (1) procure raw materials from world markets, (2) disburse cash payments for adoptions instead of providing free services in exchange, then this also means that NJK citizens would get a larger return on the investments of their prior assets.

This Economic Plan and its actual inherent success is further demonstrated in a Projected Budget in the next section.

ODA Funding
Another source for to help in the NJK's foreign aid and assistance missions can come from the Official Development Assistance (ODA) funds that are partly donated and partly lent by rich countries to developing ones. A three-way deal could be made here in which the NJK would provide professional services, humanitarian aid development assistance to the countries at the receiving end of these funds and at least a portion of these ODA funds would be paid directly to the NJK. Donating/lending countries may prefer to go through this third-party route because of the ever-present threat of corruption, squandering and mismanagement in these mainly under-organized recipient countries. This would guarantee that their funds would be used for the type of development they wanted to finance. Also, because the NJK labor cost will be significantly less than current market prices for the same quality of service, (currently projected to be less), donating countries would be greatly be drawn by these savings while the same quality of service will still be provided. So no member of this three-way party would be shortchanged. (A listing of the values of projected NJK foreign services is given on this page). July 12, 2013