»PL   The Golden Ratio and DEE - a difficult economic experiment

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I once wondered what I would do if I inherited 200 million dollars? The matter turned out to be quite simple: I would apply the principle of the golden ratio. It goes like this:
keep 33% of your funds yourself, share 33% with your family and friends, give 33% to strangers. The remaining 1% should be spent on the lottery. Maybe you'll get lucky once more.

How would this work out with 200 million dollars? I would keep 68 million myself. Wonderful… I could live like a king! But I would have to live, and so… 68 million is way too much for my needs. I evaluate my needs at 1 million dollars. You might ask: why? Because I do not need a couple of houses all around the world (what are hotels and friends for?), yachts or cars costing a million apiece. I do not need paintings by world-class artists or anything like that. All I need is a nice apartment or a small home in the suburbs, a safe car and… some cash for my feminine wants. A million would be more than enough. I would put 2 million in a bank account with a 5% interest rate (and there are more profitable offers), which would give me a monthly salary of about 3 thousand dollars. After taxes. And that would be enough for a simple life. Especially since I could save money during most of the year.So to meet my goal I would have to apply the golden ratio three times. Then, after subtracting my "deserved" million, I would have 1,3 million for emergencies, which I could give to those in need of money, e.g. following an accident. For example to someone waiting for a transplant, prosthetic limb or someone who's insurance does not cover treatment costs. That's what I would do!

But can the golden ratio be applied solely by disgustingly rich people? No! Everyone can apply it. This is because it is linked with our actual earnings, not our salaries. What we receive every month, a salary or royalties, is our gross salary. We then have our expenses - everything that we must pay for to live; payments, pleasure, other items we must buy. What is left can be applied for the golden ratio.

Let's conduct a thought experiment.
Let us suppose that only 5% of those employed in Poland (and there are around 16 million people with jobs) are those with a good financial situation, which means they earn 2000 PLN more than they spend. This gives 800 thousand people and the sum of their "extra economic potential" is equal to 1.6 billion a month. 66% of that is 1.56 billion. A lot of money, right? How much good could be done with that sum? How many families made happy? How many lives saved? How many smiles? Hmm...

And now the difficult economic experiment: DEE in short.
Let us assume that every working person is suddenly cut off from their money, totally left without funds. This isn't as unlikely as it sounds. All it would take is a fire at home and a need for immediate evacuation with a simultaneous crash at the bank, e.g. caused by a worldwide computer virus plus no possibility of borrowing money from family or friends.How much money would be needed to survive a month: assuming necessary food expenses plus paying for bills? Of course it would be necessary to limit expenses to a minimum: no cinema or restaurants, no expensive meats or organic food, no cigarettes or alcohol, nothing that is not necessary to survive a month. How much money would be needed per person to humbly survive? A few hundred? A thousand? A thousand five hundred?If every well-situated Pole is not thinking that it would require 2 or 3K, let me remind you that the lowest retirement pension in Poland was 799,18 PLN in 2012. Before taxes!

Our difficult economic experiment (DEE) was to see how much money could be potentially gained from people who would agree to living frugally, limiting their expenses for a month each year to a minimum. Maybe in May? It is such a beautiful month…

There is only one obstacle in the way of this philosophy raking in benefits life the Great Orchestra of Christmas Charity. No, sorry, two problems… The first is trusting those who would administer this money. How many people do we know who would not give in to the temptation of spending part of such great sums on themselves? The second: faith that the entire undertaking would not be a failure as a result of the question: "What guarantee do I have that others will take part in the charity? That it won't be only me, making a complete fool of myself?"
Both problems could be solved quite easily. First of all, with the engagement of a person universally trusted and respected (only how to choose this person? Hmm… maybe an online survey?) and full transparency of the entire undertaking. Second of all, by offering full anonymity and freedom of payment. Everyone would give how much they deem necessary. As an incurable optimist I think that the undertaking would work out quite well.

So, my beautiful ladies… My kind gentlemen… Let the undertaking commence: DEE - jump out of your money! AKA Passing your hat around 2015 AD.
If you want to take part:
1. Declare how much you are willing to give (in PLN, only rounded sums, no grosze).
2. Divide the declared amount by 1000.
3. Transfer the sum from point 2 to:
Recipient: EUREKA
where three numbers are not provided - (X - one number and Y - two numbers)

Finding the digits behind X and Y is a logical task - you must decipher the missing elements from an (infinite) mathematical set, in which the first numbers are:

1, 2, 3, x, 8, 13, 21, 34, Y, 89, 144, 233, 377, 610, 987, ... itd.

I will tell you why I devised this task. A payment declaration should be thought-through and should require some effort. It is not enough to type a number and click once.
This is why I believe that the above suggestion will give rise only to serious declarations.

If you do not know the correct answer to the riddle I will give you a clue. The remaining numbers are called Fibonacci numbers.


In case of transfers from abroad add "PL" before the bank account number.
To make a transfer you will need two more pieces of information:
- Bank's address: PKO BP SA Departament Rozliczeń - Bankowo¶ć Elektroniczna, ul. Puławska 15, 02-515 Warszawa, Polska.