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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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I call upon you today to inform you of something that has just crossed my desk, and I am right now in the process of picking through this data to see if there are things worth knowing within the stream of data.
You can judge this as a test upon your future President of The U.S.A., whomever you get in that office. Test them. Test me. Test yourself.
The link is a link to a network of people who are on a similar path as the path I choose to be on, which is the path that claims to be working toward liberty, and it will be a path that can be measured accurately as the people on that path progress along that chosen path.
There is in that data, from that link, a proposed Presidential Address, which can work as a competitive example.
Here is that link:
http://www.yesmagazine.org/blogs/david-korten/a-presidential-declaration-of-independence-from-wall-street
The title is a good one, since the thing that goes by the name Wall Street is the same thing that I call Legal Crime.
I can offer as evidence to the accusation that the thing known as Legal Crime is the same thing as the thing known as Wall Street by offering two links. The next two links help identify the perpetrators of the crime that became known as World War II, and this is important, because the same Legal Crime organization, if not the same leaders of that organization, are now repeating these crimes as they work toward causing World War III.
Let no one be fooled into being less than aware of the full measure of the danger ahead, involuntarily. If that is what you prefer, fool, be my guest.
Two links:
http://www.reformed-theology.org/html/books/bolshevik_revolution/
http://www.reformed-theology.org/html/books/wall_street/
The same organized legal crime cartel, which is accurately measurable as a legal banking monopoly, a Dollar Hegemony, have, in the past, caused World War II, and they, those people who make up Wall Street, are fixin' to do a number on us, in the form of World War III, and that is well underway, in a big way, even if you refuse to see it.
So that offers a clue, or two, as to the significance of someone offering a competitive Presidential Address that proposes to go after Wall Street head-on, by disconnecting from Wall Street, which is almost the same tactic shared by me, and Ron Paul.
Ron Paul's solution, and my solution, is to replace the Wall Street legal money monopoly with legal competition, for reasons that can be made clear to anyone with a working brain, whereby the brain has the capacity for sound, honest, moral judgment.
Moving from that competitive Presidential Address this effort can move to the true nature of the proposed solution, looking for either monopoly (criminal) power or legal competition (liberty) power.
A quote from the competitive Presidential Address:
I have instructed the Secretary of the Treasury to take immediate action to assume control of the Federal Reserve and restructure it to function as an independent, but publicly transparent, federal agency accountable to the president and the Congress. The new federalized Federal Reserve will have a mandate to stabilize the money supply, contain housing and stock market bubbles, discourage speculation, and assure the availability of credit on fair and affordable terms to eligible Main Street borrowers.
As President I would not say that, my proposition is spelled out as Product 1 and Product 2, which can be elaborated in great detail, but not here and now.
That competitive Presidential Address addresses the Wall Street legal banking monopoly problem by retaking control of the legal banking monopoly, as far as I can tell.
Further investigation may uncover useful information.
Next link:
http://neweconomyworkinggroup.org/visions/living-wealth-money-system
That is a detailed description of money. Money is the power to purchase, to me, and if the power to purchase increases, then the quality of money increases.
What is the highest quality money?
Where is it?
Who makes it?
Can I copy it?
Can we copy it?
Why can't we make it?
Why can't we copy the highest quality of money?
Use your own brain, please.
The cost of money is interest.
When competition drives the quality of money up, the same force of competition drives the cost of money down, and this is easy to understand capitalist truth. Don't be fooled by the capitalist liars.
Why not allow the force of competition to force the quality of money up (which is the power to purchase) while allowing the force of competition to force the cost of money down?
Is that not simple? Is that not something a 3rd grader can know, and know well enough to use that vital information?
Why are we cherishing our stupidity? I've looked in the mirror, you may want to do so too, before answering that vital question.
The next link leads to the area that I have yet to peruse. I'll comment after that investigation.
Here is the link (competitive solutions to pressing problems):
http://neweconomyworkinggroup.org/visions/living-wealth-money-system/money-system-design-options
Should official money originate as bank debt or direct government issue?
[Click to expand]
Should the power to originate money be centralized or decentralized?
[Click to expand]
Should a nation have one currency or many?
[Click to expand]
Should financial institutions be operated for public or for private benefit?
[Click to expand]
Should the money system be regulated or left to market forces?
[Click to expand]
Wow, there are a lot of vital questions, and I'm going to go directly to the last one on that list, and I can cut and paste the answer offered (once clicking on the link) - then I can offer comments.
The shape and function of the money system will depend in large measure on whether it is subject to appropriate public regulation to limit the size of individual institutions, place a ceiling on interest rates, prevent fraud and deception, and support locally rooted, preferably cooperative, ownership in the social enterprise model. The results of a reckless social engineering experiment with financial system deregulation provide an unambiguous demonstration of the consequences of that path.
To help the reader know the stakes here, better, I'm going to explain something, and then lead the reader to my next question:
What will the best money look like once the best money is produced by whomever it is produced, and then what will the better money look like once the new money takes away market share from the best money that is no longer the best?
The best money can be known, by way of explaining the worst money.
Here is a very good measure, as explanation, of the worst money:
http://www.usdebtclock.org/
Honest productive people send their earnings to liars who use that money to make the honest productive people suffer. Thomas Paine offers an explanation of that transfer of power here:
http://www.ushistory.org/paine/commonsense/sense2.htm
Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one: for when we suffer, or are exposed to the same miseries BY A GOVERNMENT, which we might expect in a country WITHOUT GOVERNMENT, our calamity is heightened by reflecting that we furnish the means by which we suffer.
What is the money proposed by the people who constitute the link to that network of people who offer a competitive Presidential Address, and presumably a competitive method of disconnecting The People from Wall Street, and presumably offer a competitive money, a money that is better for The People compared to The Dollar Hegemony money?
What is the money?
Show me the money.
I am looking.
How about this:
http://neweconomyworkinggroup.org/visions/living-wealth-money-system/democratizing-money
The money system is properly designed and managed to serve the real wealth economy as a regulated public utility. Regulatory and tax policy properly support a system of locally rooted financial institutions, with a preference for those owned by state and local governments or organized as cooperatives or nonprofit community service institutions. These policies should further seek to render outsized banks, financial speculation, predatory lending, financial fraud, and the shadow banking system of unregulated hedge funds and private equity funds illegal and/or unprofitable.
I see a need to contact these people, see if they can look ahead far enough to see the advantage of sending Ron Paul to the office of President, or sending me instead, as our power to do so exists.
I have a problem right now in the measure of not finding a specific description of the money being proposed. I do see a description that appears to be a proposal to make competition in money legal, but the references to regulation confess otherwise, at the same time.
Gary North helps out greatly with this specific line in the sand, where the rubber meets the road.
Please consider reading the whole article:
http://www.lewrockwell.com/north/north512.html
WHAT IS THE SOLUTION?
In theory, there are two possible solutions, neither of which has any possibility of being implemented in my lifetime or yours.
One solution is free banking. This was Ludwig von Mises' suggestion. There would be no bank regulation, no central bank monopolies, no bank licensing, and no legal barriers to entry. Let the most efficient banks win! In other words, the solution is a free market in money.
Another solution is 100% reserve banking. Banks would not be allowed to issue more receipts for gold or silver than they have on deposit. Anything else is fraud. There would be regulation and supervision to make sure deposits matched loans. This was Murray Rothbard's solution. The question is: Regulation by whom? With what authority?
There would be no government-issued money. There would be no government mint. There would be no legal tender laws. There would be no barriers to entry into coin production.
There would also be no free services. There is no such thing as a free lunch.
Anything other than free banking or 100% reserve banking is a pseudo-gold standard or silver standard. It is just one more invitation to confiscation.
There is no organized movement today to establish either free banking or 100% reserve banking. There has never been a movement to impose 100% reserve banking. It has been well over a century since a handful of economists and pamphlet writers recommended free banking.
Anyone who tells you that it would be easy to switch over to a gold standard has either no understanding of the politics of money and banking or else has been smoking some funny-smelling leaves.
I will send that network of people a message when I can find their contact page.
http://neweconomyworkinggroup.org/contact
Competitive Legal Money
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If a State government in the U.S.A. began legalizing their own legal money to be used by tax payers in that State to pay State taxes in that State, how would your proposed money issue regulate that legal State money, or would your proposed money issue allow the people running the State government to regulate their own money issue?
I think that question is a vital question, and I'll add a link to this thread at the end of that submission to that contact web page, to offer context concerning that question.
My guess is that those people in that network are offering a return to a dollar legal unit of money regulated at the National level, which is the root problem when people fail to understand the difference between a Democratic Federated Republic and a Nation State.
I sen the e-mail message from that contact web page, and I'll find out if an answer is offered in return.