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But one thing is connected to another. A good investigator always asks, “Who benefits?” The most salient feature of our financial system is that the creation of new purchasing power through credit—loans, mortgages, credit cards, etc.—is controlled by private financial institutions and, though regulated, works principally for their profit. Because we are never taught about alternative economic structures, we take this system for granted, though earlier generations had profound fears of becoming what President Martin Van Buren prophetically called a “bank-ridden society.”
http://www.informationclearinghouse.info/article17635.htm
There is pressure from budget belt-tighteners to reduce the government’s $46 trillion exposure by slashing future retirement benefits like Social Security or entitlement programs like Medicare, Medicaid, veterans’ benefits, food stamps, etc. Thus the most vulnerable members of society are expected to pay for structural financial problems that have left the federal government, according to competent observers associated with the Federal Reserve, functionally bankrupt.
We pay as much in taxes as for housing, food, and transportation combined. Governments also take advantage of housing inflation by taxing newly assessed values to the point where people whose incomes don’t keep up, and who may even own their homes outright, are forced to sell and move away.
Douglas made it clear that in a system where the banks have a monopoly on the issuance of credit, as ours does, they are the most powerful entity in the economy and therefore will be the most powerful politically as well. They will enhance their power, and their profits, by keeping financial credit scarce, so the amount they issue will never approach the amount of “real credit” that ultimately should derive from the bounty of the producing economy.
I am quoting this as I read it. One might say that I am at the edge of my seat looking forward in anticipation for the FIX. There are obvious errors in the text so far and yet I read much to consider as factual. The most obvious problem I see (in almost everything I read) concerns how currency is not money no more than Electric power is not voltage. Currency is dynamic. Power is vector specific; meaning the power does something measurable. Money, or voltage, waits. Money does nothing without currency and Power, or force, makes things happen. This is a vital understanding because the effect of TOO MUCH POWER (constructive power) is ZERO COST. The supply/demand equation is up side down. If the writer of the report linked does not understand the supply/demand relationship between the power of currency and the cost of everything, then, the FIX will probably be as up side down as any other falsehood.
The war economy also props up the employment numbers. It was World War II that finally pulled the U.S. out of the Depression, and it is the huge quantity of deficit spending on the military-industrial complex which continues to anchor the U.S. economy today. This has happened in accordance with the Douglas model of a debt-based economy where people do not earn enough to buy what industry must produce to create jobs.
There is an example of falsehood. WWII did not pulle the U.S. out of the Depression. The increase in currency 'pulled' the U.S. out of the Depression. Think on this angle:
Imagine the discovery of Solar Panels before the huge increase in currency that started the Roaring Twenties. Understand first, perhaps, that the Great Depression was engineered on purpose by flooding society with too much currency before taking away that currency which did, in fact, cause the Great Depression. People became accustomed to an oversupply of currency and then, all of a sudden, people had to learn how to survive with almost no currency. That is what actually happened. Too much and then not enough currency is the cause of booms and busts.
So…imagine a relatively stable economy where the amount of currency is just right (before the Roaring Twenties) and at this time in our imagined replay of history the Solar Panel is created. Now imagine a President elected with the following slogan:
I will prosecute a WAR ON TERROISM against the oil industry and the developing Military Industrial Complex by taking back the Nations control of currency and I will offer tax deferment for anyone who purchases Solar Panels, where, all the people who don’t purchase solar panels (and electric cars) will be the people who have to pay our taxes that we need to conduct this WAR ON TERROISM against the oil industry.
This president (somehow) is elected and the Roaring Twenties proceed on a new direction. The president issues currency based upon a cost basis (taxes pay the cost), meaning, that anyone can borrow money without interest so long as they pay that PRINCPLE back. ANYONE CAN BORROW AS MUCH MONEY AS THEY NEED SO LONG AS THEY PAY THE PRINCIPLE BACK.
THERE IS NO INTEREST.
The cost of running the SYSTEM is paid for with taxes.
The people paying taxes are those people who don’t buy and use Solar Panels.
The people not paying taxes are those people who buy and use Solar Panels.
Now; you may have to use your brain. What happens in this WAR ON TERROR?
- People demand Solar Panels.
- People make Solar Panels.
- People use Solar Panels.
- People have so many Solar Panels that people start selling Solar Panels REAL CHEAP to other countries.
Instead of BOMBS people make Solar Panels.
The economy BOOMS.
The increase in electric POWER INCREASES PURCHASING POWER AND REDUCES THE COSTS OF PRODUCING EVERYTHING.
Therefore the costs of everything goes down including the cost of currency, which, if you can remember is nothing.
Nothing you say? Yes; nothing. The president makes (I’m an anarchist so don’t blame me for what the president makes people do against their will) people pay taxes which are used to pay the costs of issuing currency to ANYONE SO LONG AS THEY PAY THE PRINCIPLE BACK.
NO INTEREST CHARGE.
NONE
If you buy Solar Panels, then, you don’t pay taxes.
If you don’t buy Solar Panels, then, you pay taxes.
Think now?
The people paying taxes don’t make electric power. They have to PAY with some other form of POWER.
The people buying Solar Panels make POWER which reduces COSTS.
The electric car industry is just a natural progression of having too many Solar Panels (and costless electricity).
What is the price at the pump for filling up your car with electric fuel when there is too much electricity (and therefore cost – less electricity)?
Answer: The COST is electing a president into a position of POWER that can force people to pay taxes against their own voluntary volition.
Did you think?
Nazi Germany would never have erupted had America sent over cheap Solar Panels and cheap electric cars to help the German people out of their depression that was forced upon them by Central Bankers and the Germans would have purchased those cheap Solar Panels once they began to see the POWER in them - independent power.
Bankers and their apologists have always argued that any program of publicly-generated credit would cause inflation. This is nothing but propaganda.
If the reader is questioning the validity of the text linked (and my own text) then such a skepticism should be equitably applied to anything including the falsehood excreted by the Bankers and their apologists, otherwise, the reader is prejudiced - plain and simple.
The bottom line is the net flow of wealth once that wealth is created. Where does it go? With banking interest the wealth goes from those who borrow to those who create currency. With this National Dividend SYSTEM the wealth flows to everyone somehow. I personally don’t see how that can work well. I can see how that can’t work worse than Central Bank Interest. It can’t work worse then the current system whereby our species is threatened into extinction at the current rapid rate.
In my opinion the creation of wealth remains with the individuals who create wealth and how that fact is accomplished is secondary. If the SYSTEM allows the flow of wealth to those who BORROW wealth, then, the wealth must flow back to those who LOAN the wealth. Giving away wealth (giving away money) is not a good idea. Accounting for the accurate exchange of wealth (currency) is a simple matter of keeping track of numbers. The National Dividend SYSTEM, as far as I see it now, confuses currency with money. That may be a very huge mistake. I will read on.
Last edited on Thu May 3rd, 2007 02:14 pm by Joe Kelley