P J R M I

J O T
R R ´
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M O R G A N A
To: House of Commons
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I T ´ S A B O U T B A L A N C E London
U SW1A 0AA
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To: The Chancellor of the Exchequer the Rt Hon Kwasi Kwarteng MP.
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N Regarding: Solutions to Inflation and the Economic Crisis.
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Reference Number: PJR 53 01KK 21092022.

Wednesday, 21st September 2022.

I am an economist and I have my own school of economic thought 'Morganist Economics',

which the British government uses extensively. I supported the Prime Minister during the
Conservative Party leadership race and I intend to honour my offer of the submission of new
macroeconomic tools. I have enclosed a copy of my book portfolio for your perusal, one of
my books 'Euro Crisis' has become the textbook for over thirty countries around the world.

I have a proven ability to develop new tools and policies that did not exist before, to resolve
difficult economic crises. I can provide you with a new economic technique that can control
the macro economy more efficiently and also generate billions of pounds of savings in the
pension taxation relief regime. I have enclosed a draft contract for the development and the
release of the new technique, which I can produce within two weeks of signing the contract.

I have also enclosed an article entitled 'The Pound, the Petrodollar and Price Inflation' which
puts forward my position on the currently high rates of inflation in the United Kingdom. I see
the rate of inflation as being magnified by the exchange rate with the US Dollar. This is more
resolvable than most economists acknowledge if domestic economic action is taken to boost
the Pound's value against the US Dollar, which can be achieved through pension tax reforms.

I intend to release other work to you in the coming months to provide you with the funds that
you need to deal with the cost of living crisis. I also intend to provide you with a completely
new economic model, which can enable economic growth to shrink the government debt as a
percentage of GDP. I have a number of existing papers that I will release to you, which can
rectify the current problems encountered, I now await your response to my business proposal.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2022 Peter James Rhys Morgan.
The Pound, the Petrodollar and Price Inflation.
By Peter Morgan. 14:00 22/08/2022.

Inflation in the United Kingdom has reached double digits with the latest rate being recorded
at 10.1%, which is higher than most of the other nations round the world even in the currently
difficult global economic environment. This questions why inflation is so high in the United
Kingdom relatively compared to other nations on the planet. It indicates that some of the
inflation issues are a result of domestic economic factors outside of the oil and gas price rises.

However the primary reason why the United Kingdom is seeing higher rates of inflation
compared to other nations is the United Kingdom's extreme exposure to oil and gas prices,
suggesting the United Kingdom is more dependent on the two commodities than most other
nations are. The high price of oil in particular may be more of an exchange rate issue than
anything else, as a result of how oil is paid for on the international commodity exchanges.

Oil is primarily traded in US Dollars (USD) because it is the currency or commodity that the
oil producing countries demand, due to its stability and purchasing power. The increase in
demand for oil leads to an increase in demand for US Dollars to purchase the oil, pushing the
USD price up. The United Kingdom and other nations are hit with a secondary factor making
oil more expensive, as a result of the oil and USD relationship known as the 'Petrodollar'.

Rising oil prices equals rising US Dollar prices and rising US Dollar prices equals rising oil
prices, when exchange rates are added to the international purchasing process. Exceptionally
high oil prices have been magnified by this exchange rate factor caused by the 'Petrodollar'.
However there may be a solution coming from this additional factor, if exchange rates can be
altered to reduce the US Dollar's value against other currencies the oil price will start to fall.

Exchange rates seem to be the major factor causing price inflation due to the higher cost of
purchasing goods from abroad when the pound falls in value. As the United Kingdom is a big
importer the increasing price of other currencies against the pound will drive price inflation
higher. Strengthening the pound against other currencies should decrease inflation originating
from imports, increasing the pound's value against the US dollar should reduce the oil price.

Appreciating a nation's currency value is possible through reducing the available supply of
currency units, by making the currency more scarce. In short you can increase a currency's
value by decreasing the supply of the currency to the global currency market. Many methods
exist to do this, but some of them can be harmful. Central banks usually raise the base rate of
interest, however this can be damaging to the economy due to higher debt repayment costs.

Taxation increases are also a viable option, but they take money away from the free market
reducing trade and household income. Increasing taxation is too harmful to the economy and
growth is essential to avert recession. Increasing pension saving is a superior option over high
interest rates or high taxation. It creates more investment in the free market but consumption
falls reducing inflation, providing a pragmatic alternative solution to the cost of living crisis.

References:

https://www.theguardian.com/business/2022/aug/17/uk-inflation-cost-of-living-crisis-
recession-looms

Website: morganisteconomics.blogspot.co.uk
Copyright © 2022 Peter James Rhys Morgan.
Contract for Government Efficiency Product.

Description:

The product is a new technique that optimises the pension saving process that will improve
economic performance and generate cost efficiencies in the pension tax relief regime. The
new technique will enable more flexibility in the pension saving process and allow the
government to make significant funds available by rearranging the pension saving process.
The new technique will be optimal and offer further optimisation through changes in its
composition without any consequence to pension savers involved or the overall economy.

Terms:

The product will be released to the government in two parts and can be used indefinitely if
two payments are made. The first release will be a preliminary paper that will provide a quick
fix solution to the economic crisis, which requires a payment of GBP £5 million to be paid to
the development (PJR Morgan) instantly after the contract is signed. The second release will
be a finalised paper that provides a detailed solution to the economic crisis, which requires a
payment of GBP £20 million to be paid to the developer (PJR Morgan) on 10th April 2023.

Once the contract is signed and the preliminary paper is released the contractual agreement
has to be made in full and the entire payment of the contract totalling GBP £25 million has to
be made to the developer (PJR Morgan) at the specific dates set. There is no option to cancel
the contract after it has been signed and the preliminary paper has been released except in the
case that the developer (PJR Morgan) voids the contract. Once the finalised paper is released
and the two payments have been made the contract has completed with no further obligations.

The developer (PJR Morgan) retains the right to sell the product to other nations around the
world without the involvement of the British government. The developer (PJR Morgan) has
no other responsibilities or expenses outside of the production and the sale of the product to
the British government. The developer (PJR Morgan) has no restrictions on any of their other
business or private operations or activities. The developer (PJR Morgan) can reside anywhere
in the world and is not required to have an office or own a residence in the United Kingdom.

The developer (PJR Morgan) retains full ownership rights to the product including all literary
rights and income generated from textbooks, articles, papers or any other documents or work
originating from the product sold to the government. The government only has user rights for
the product in its own economy (United Kingdom) and can only use the product in the way
described in the documentation that defines the product's function and usage. The developer
(PJR Morgan) retains all rights to all calculations, software and material used in the product.

The product can be applied by the user to try to attempt a variety of different objectives. The
user has the option to choose which objective they use the product to try to achieve. As the
product can be used to reach various different objectives there are no required performance
outcomes from the use of the product or expectations from the developer (PJR Morgan) to
attain specific targets. The developer (PJR Morgan) is only required to provide the workings
of the product and explain the options for the product's use, objectives are chosen by the user.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2022 Peter James Rhys Morgan.