 |
PM |  | |
Quote | | |
Reply | | |
Full Topic | |
| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
| Status: |
Offline
|
| Mana: |    |
1) Issue a $10,000 average dividend, created simply as an accounting book entry, to every U.S. legal resident or citizen (to be determined), tax-free and without reducing any other benefits currently being paid. A sensible ratio between adults and children would be calculated. A temporary system of price controls would be instituted to prevent profiteering.
Words, words, words - it's the deeds that count (account).
What happens when someone does not abide by a 'price control'?
The 'report' offers a very good prognosis of actual reality where statements concerning how power has worked and will work in human existence are easily proven with supporting evidence. The FIX however is naked abuse.
The FIX isn't even 'arguably' the lesser of two evils. I'd say the FIX is another step in the wrong direction.
1. Offer human beings a competitive currency that accurately accounts for wealth transfers at the lowest possible cost.
That is number one. Any lack of any specific attribute of the above (number one) FIX will lessen the ability of that FIX to work.
If the 'report' offers that number one FIX, then, the additional garbage is PORK attached to the substantive FIX. Why add onto the FIX?
Example of how the number one fix FIXES:
Any citizen borrows the new LEGAL currency and pays off his mortgage. The new legal currency is accurate (it is no more and no less than a known amount of currency based upon some known quantity such as GDP, a pile of gold, public land, anything so long as the amount can easily be known by all at all times) and the new legal currency costs pennies on the dollar (the cost is almost nothing since the cost is divided by the entire population that uses the currency i.e. the cost of producing, distributing, and tabulating the currency is known and the number of citizens are known and the percentage of cost is set on that ratio which will be lower and lower as the cost of administration lowers and lower and lower as more people utilize the new currency).
Citizen A borrows the cost of his entire mortgage and pays off his entire mortgage.
The interest on the old mortgage was 6%, where, the cost of the REAL ESTATE was more than twice the price. In other words; by the time the mortgage was paid off in 30 years the ‘owner’ will pay more than twice the value of the house to get the title of the house and the INTEREST payment will be MORE THAN THE PRINCIPLE.
Citizen A pays off his house and pays back his loan at 1% back to the U.S. Treasury. The savings in monthly payments can be spent anyway the individual wishes. The wealth no longer goes from the earner to the mortgage company. The mortgage company is PAID in FULL with the NEW MONEY if the mortgage company WANTS the new LEGAL money or the mortgage company converts the new LEGAL money to the OLD LEGAL money.
This begins an internal U.S. competition for currency dominance. The NEW U.S. Currency is a fixed, transparent, known quantity tied to something real (REAL ESTATE or REAL GOLD or any combination of REAL STUFF – even accumulated TAXES).
ANY citizen can borrow any amount based upon any reasonable measure of ability to pay back the loan.
Example A:
Any citizen can borrow according to current measures such as those used by the current banking industry.
Example B:
Any citizen can borrow a minimum of the current value of their principle residence including people now renting property i.e. a renter can afford a loan to purchase a house of equal value to the one they are currently renting.
Example C:
Any citizen currently residing as a dependent (a college aged child for example) can borrow a minimum of currency equal to the cost of the average college education or a minimum of the average home in the U.S.
ANYONE defaulting on a loan must pay back the defaulted loan (this is actually equal to a higher interest rate charged to someone who proves to be incapable of paying back borrowed wealth) before or DURING the exchange of further BORROWED wealth.
In other words a credit history will determine the cost of borrowing from the U.S. Treasury.
Imagine the COST charged to the CURRENT banking industry if this type of SYSTEM had been in place 100 years ago?
Can you see this? The Federal Reserve Bank, for example, would be incapable of borrowing money based upon its past history. The Federal Reserve Bank officers (those responsible for their poor decision making) would have to depend upon charity or their own ability to create wealth OR they can borrow from other Central Bankers competing against the new U.S. Treasury currency.
At first the old money (held by the old money changers) would be on equal footing with the new money. Soon the old money would lose value relative to the new money BECAUSE the new money is a fixed and known quantity based upon something real, known, and understandable i.e. the new currency (see how easy it is to confuse currency with money?) The NEW CURRENCY will BE ACCURATE for the purpose intended.
The old money is inaccurate BECAUSE the intended purpose was, and is, to move wealth from those who earn it to those who CONTROL LEGAL CURRENCY.
The CENTRAL BANKERS will have to compete with the NEW CURRENCY and their ability to compete will no longer involve an enforcement of THEIR CURRENCY where LEGAL penalties enforced the USE OF THEIR CURRENCY.
In essence the NEW currency will be THE PEOPLE’S CURRENCY and it will require NO ENFORCEMENT beyond USE.
Who will not utilize the NEW currency if they can reduce their costs of borrowing down from a HUGE COST to a minimal cost?
Who would not take advantage of the NEW currency to decrease their monthly mortgage payments?
Anyone with a good credit rating will have almost NO COST (very little or no interest payments) for the UTILITY of currency.
If you can understand only one thing, then, know that “interest” is a man made creation or COST imagined into being and that COST moves wealth from those who earn it to those who LEGALIZE CURRENCY. Know this fact. If the COST is made up at a whim, then, the people having the POWER to make up that COST have the POWER to enslave mankind or free US.
Who has the POWER?
If you can understand one more thing, then, know that PEOPLE GOVERN and ONLY PEOPLE GOVERN.
Do you govern?
If not, then, someone else will.
Last edited on Thu May 3rd, 2007 05:19 pm by Joe Kelley