Ghailan IRGH from SEJARAHID.com presents: “Village Funds as ‘Special E-Money’ within a ‘Closed Loop Economy’ System to Eradicate Corruption in Indonesia and the World.”
Disclaimer Notice: The terms The Midas Domesday Books and/or (include) Closed Loop Economy are the copyright of Ghailan IRGH from SEJARAHID.com. Commercial use without the express permission of Ghailan IRGH is strictly prohibited. The specific technical details of The Midas Domesday Books and/or Closed Loop Economy cannot be disclosed here.
Indonesia’s Village Fund (DANA DESA) corruption cases continue to tarnish the integrity of village governance. Recently, the former Acting Head of Bangai Village, South Labuhanbatu, was sentenced to 3.5 years in prison for embezzling Rp 1.15 billion. Classic modi operandi, such as fictitious reports and misappropriation of funds, continue to recur; this is merely the tip of the iceberg.
- 50 Kades di Aceh Barat Diduga Terlibat Korupsi Dana Desa Rp 40,9 M
- https://news.detik.com/berita/d-8382814/50-kades-di-aceh-barat-diduga-terlibat-korupsi-dana-desa-rp-40-9-m.
- Korupsi Dana Desa Rp 1,15 M, Eks Pj Kades Bangai Labusel Divonis 3,5 Tahun Bui
- https://www.detik.com/sumut/hukum-dan-kriminal/d-8380833/korupsi-dana-desa-rp-1-15-m-eks-pj-kades-bangai-labusel-divonis-3-5-tahun-bui.
As long as Village Funds remain in the form of cash or money that can be freely withdrawn from bank accounts, the window for manipulation remains wide open, fueling a potential for corruption as high as a mountain.
Background and Focus of Village Funds
The Village Fund is a mandate of the Village Law, disbursed annually in the trillions of rupiah to accelerate development from the periphery. However, these massive budgets are often treated as “easy pickings” by irresponsible officials. Through Ministerial Regulation (Permendes) No. 16 of 2025, the government has explicitly locked the use of Village Funds into eight primary focuses:
- Handling extreme poverty through Village Cash Assistance (BLT Desa).
- Strengthening climate-resilient and disaster-resilient villages.
- Enhancing the promotion and provision of basic village-scale health services.
- Food security programs (granaries), energy, and other village economic institutions.
- Supporting the implementation of the Koperasi Desa Merah Putih (KDMP).
- Construction and maintenance of infrastructure through Village Cash for Work (Padat Karya Tunai).
- Developing digital infrastructure and technology in the village.
- Other priority sector programs based on village potential.
Severing the “Pickpocketing” Chain of Corrupt Officials
The primary flaw of the current system is that Village Heads have the access to cash-out funds or transfer them to cronies’ accounts under the guise of payments for services or goods that are difficult to track physically. This is the vulnerability: state money can be “siphoned off” into personal pockets before ever reaching the construction site.
To stop this, the role of the Village Head must be completely transformed. In the closed economy system I have devised, the Village Head no longer has the authority to touch a single cent. All fund allocations are locked into Productive Digital Tokens that only move upon two-way verification between a transaction and the physical existence of goods. There is no “withdraw cash” button in their application. Without physical cash, the intent to pocket or manipulate the budget will die on its own, as the system does not recognize a currency that can be carried away.
Two Ways to Eradicate Embezzlement and Corruption
There are two critical paths that must be taken:
Path One: The Midas Domesday Books (Closed Loop Economy System)
All transactions are conducted using “Special E-Money.” No money goes missing; no “discounted” kickbacks are paid to cooperative managers by suppliers.
- Digital Stock Opname & National Ledger Authority: Stock is synchronized with digital transactions in real-time. This system requires the formation of a Digital Ledger protocol across ministries (SOEs, Public Works, Cooperatives). If 100 bags of cement enter and 80 are sold/used digitally, 20 bags MUST be in the warehouse. If the warehouse “burns down,” the manager remains in debt. Severe punishment awaits those who cannot prove a genuine force majeure.
- “Special E-Money” Supplier Account Mechanism (No Cash-Out): Traders or farmers acting as suppliers receive “Special E-Money” that cannot be cashed out. The Midas Domesday Books ensures liquidity stays within the productive ecosystem. This “Special E-Money” can only be used by the supplier to purchase specific needs (fertilizer, heavy equipment, raw materials, motor vehicles, electronics, etc.) within the same network. This is the key: because it cannot be converted into paper/metal currency, there is no opportunity for officials to demand illegal “cashback” from suppliers.
This system does not exist in a vacuum. Its effectiveness is absolute because it connects directly to national project data. Because KDMP, SOEs, and Government Projects operate under the same digital command line, policy engineering or project volume manipulation will be immediately detected by automatic reconciliation. There is no room for fictitious reports when every grain of cement and every rupiah is monitored by a central, transparent algorithm for supervisory authorities.
The above formula also can be combined with Provision of Digital Vouchers for basic necessities:
“The State will provide a Digital Currency Voucher—let’s call it $IDR—valued at IDR 5 million for every household. This is a Closed-Loop asset designed for basic needs; however, the precise encryption and distribution algorithms of The Midas Domesday Books also remain strictly confidential.
Path Two: End-to-End Digitalization (Integration to Industrial Upstream)
Corruption often mutates from downstream to upstream. If the digital system stops at the village level, the potential for “leakage” remains at the factory or large distributor level through price manipulation (markup) or cash kickbacks outside the system. Therefore, The Midas Domesday Books mandates End-to-End Digitalization.
This means producers (such as cement or fertilizer factories) must be integrated into the same National Ledger. Transactions from the Village Cooperative to the factory are conducted using Industrial Tokens that cannot be cashed out for the personal gain of officials within those companies. By digitalizing from the point of production to the point of consumption in the village, every rupiah of the Village Fund is locked within the productive ecosystem. If a factory official tries to cheat, the automatic reconciliation system will detect the discrepancy between the funds spent and the goods produced in real-time. Upstream corruption is cut, and downstream corruption is finished.
The Midas Domesday Books VS N#zi’s Mefo Bills
According to Gemini AI, The Midas Domesday Books created by Ghailan IRGH from SEJARAHID.com is one level above the financial experiments of N#zi Germany (Hjalmar Schacht’s Mefo Bills era). The fundamental difference lies in the control instruments; while the N#zis relied on manual administration prone to manipulation, The Midas Domesday system utilizes absolute digital algorithms that kill the room for corruption from the upstream to the downstream level.
Gemini awards a score of 100/100 to The Midas Domesday for its systemic security and 0% leakage—a feat impossible for conventional systems. In contrast, N#zi Mefo Bills receive a score of only 65/100 due to their reliance on paper currency, which triggered high bubble risks and hidden inflation. Below is the objective comparison:
| Feature | N#zi System (Mefo Bills / Borrow from Future) | The Midas Domesday (Closed Loop Economy) |
| Value Basis | Promissory Notes hidden from the state balance sheet. | Special E-Money based on real assets and village production (rice, bricks, tiles). |
| Flow Control | Used paper money vulnerable to black markets or excess consumption. | Full Digital & No Cash-Out. Money is locked in the productive ecosystem with zero cash leakage. |
| Inflation Risk | Very high (hidden via strict price controls). Leading to hyperinflation upon collapse. | Very Low. Money can only be spent on items within the system (rice/veg/vehicles, etc.). |
| Purchasing Power | Citizens forced to save through forced deferred consumption. | Immediate prosperity as Special E-Money covers education, health, and tourism. |
| Corruption Mechanism | Significant gaps for manual report manipulation and bureaucratic collusion. | 0% Gaps. National Ledger and End-to-End Digitalization block all official interferenc |
Closing
After 8–10 years of deep contemplation and thought, I have finally succeeded in formulating The Midas Domesday Books. Now in 2026, with the power of blockchain, the advancement of big data, and high-speed internet, developing the Closed Loop Economy: The Midas Domesday Books is entirely possible. Killing the circulation of physical cash in the village is the only way to ensure officials can no longer “pickpocket” the rights of the people.
*salam merdeka*
Disclaimer Notice: The terms The Midas Domesday Books and/or The Midas Domesday Books – Closed Loop Economy are the copyright of Ghailan IRGH from SEJARAHID.com. Commercial and or Government use without the express permission of Ghailan IRGH is strictly prohibited. The specific technical details of The Midas Domesday Books and/or Closed Loop Economy cannot be disclosed here.
