Archive for June, 2016

THE K.I.S. SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT. IN EIGHT WORDS – –A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

June 27, 2016

“A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.” Capitalism with a honest Central Bank, Mankinds Greatest Achievement.
November 25, 2015
*****IN EIGHT WORDS*** (and one book).

THE K.I.S. SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.
IN EIGHT WORDS – –A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

WHY WOULD YOU NOT WANT PROSPERITY FOR YOURSELF AND YOUR CHILDREN ?

“Capitalism is an economic system based on private ownership of the means of production and
the creation of goods and services for profit.[1] Central characteristics of capitalism include
private property, capital accumulation, wage labour and competitive markets.[2][3] In a capitalist
market economy, investments are determined by private decision and the parties to a transaction
typically determine the prices at which they exchange assets, goods, and services.[4]”(Wikipedia).
WHAT WE DO WITH THE PROFITS DETERMINES WHETHER WE ARE OR ARE NOT FOR
THE BETTERMENT OF ALL MANKIND; THE WAY WE ADMINISTER THE SYSTEM IS THE ISSUE!
“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where
the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment
of the common good, with equality and justice for all, capitalism would be the best ways and means
to help “form a more perfect union….”,
SOLUTION.
“LEGISLATE FOR “We the People” WHAT WE HAD LEGISLATED THE CENTRAL BANK TO DO FOR
THE Private For Profit Banks (PFPB) !
ISSUE OUR OWN MONEY AS LOANS AND CHARGE A TAX CALLED INTEREST ! ! ! ”
Create an honest Central Bank that shall fund-
““We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…””
When a honest Central Bank uses “QE” for the betterment of the community in a capitalistic economy, it will be the greatest system ever devised by mankind.
FREE DOWNLOAD: “The Role Of Money”
”http://archive.org/…/role…/roleofmoney032861mbp_djvu.txt

***** “Believe nothing merely because you have been told it…But whatsoever,
after due examination and analysis,you find to be kind, conducive to the good,
the benefit,the welfare of all beings – that doctrine believe and cling to,and
take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC),
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )(justaluckyfool@aol.com, please due examination and analysis.)
The real honest question is; IF WE CAN GAIN FEDERAL REVENUE BY TAXATION ON “SOMETHING ELSE”, WHY WOULD WE NOT WANT PROSPERITY FOR ALL ?
November 20, 2015

“Yes, much to debate” First and foremost would be a definition of what TAXATION is being debated. Federal Personal Income Tax is a single standing item. It is a tax levied on individual members of the Sovereignty based solely on their annual income. Not how,why or where it comes from- it is numerical. It is an exact accounting of distribution of the entire group to each individual. This is but ONE stream of revenue by taxation any loss or gain can be negated by “other means of taxation”

The real honest question is;
IF WE CAN GAIN FEDERAL REVENUE BY TAXATION ON “SOMETHING ELSE”, WHY WOULD WE NOT WANT
PROSPERITY FOR ALL ?

“WHY NOT TRUMP FEDERAL INCOME TAX PLAN or ANY PLAN THAT SIMPLY REDUCES TO ZERO ANY PERSONAL INCOME FOR ANY INDIVIDUAL FOR INCOME OF $60,000 / YEAR (as a standard of living expense“?, Justaluckyfool.

E.G.,WHAT IS WRONG WITH “The TRUMP TAX PLAN” ?
September 29, 2015
By
Alan Cole
FISCAL FACT No. 482: Details and Analysis of Donald Trump’s Tax Plan (PDF)
Key Findings:
Mr. Trump’s tax plan would substantially lower individual income taxes and the corporate income tax and eliminate a number of complex features in the current tax code.
Mr. Trump’s plan would cut taxes by $11.98 trillion over the next decade on a static basis. However, the plan would end up reducing tax revenues by $10.14 trillion over the next decade when accounting for economic growth from increases in the supply of labor and capital.
The plan would also result in increased outlays due to higher interest on the debt, creating a ten-year deficit somewhat larger than the estimates above.
According to the Tax Foundation’s Taxes and Growth Model, the plan would significantly reduce marginal tax rates and the cost of capital, which would lead to an 11 percent higher GDP over the long term provided that the tax cut could be appropriately financed.
The plan would also lead to a 29 percent larger capital stock, 6.5 percent higher wages, and 5.3 million more full-time equivalent jobs.
The plan would cut taxes and lead to higher after-tax incomes for taxpayers at all levels of income.
JUST HOW GREAT A PLAN IF WE REMOVE THESE TWO SENTENCES IN ONE SIMPLE MOVE:
REDUCE DEBT SERVICE TO ZERO !
However, the plan would end up reducing tax revenues by $10.14 trillion over the next decade when accounting for economic growth from increases in the supply of labor and capital.
The plan would also result in increased outlays due to higher interest on the debt, creating a ten-year deficit somewhat larger than the estimates above.

This is a proven method: Call the bonds and replace them with 0.25% interest bonds.
Then proceed to pay off the entire Federal Debt?

***The ease with which the government’s debt could be paid in this way was demonstrated in January 2004****
As the chairman of the Coinage Subcommittee observed in the 1980s, the entire federal debt could actually be paid in this way. The Federal Reserve has already established that it can issue $4.5 trillion in accounting-entry QE without triggering hyperinflation. In fact, it has not succeeded in triggering the modest inflation the exercise was designed for. As with QE, paying the federal debt in this way would just be an asset swap, replacing an interest-bearing obligation with a non-interest-bearing one. The market for goods and services would not be flooded with “new” money that would inflate the prices of consumer goods, because the bond holders would not consider themselves any richer than before. They presumably had their money in bonds in the first place because they wanted to save it rather than spend it. They would no doubt continue to save it, either as cash or by investing it in some other interest-generating securities.
The ease with which the government’s debt could be paid in this way was demonstrated in January 2004, when the US Treasury called a 30-year bond issue before its due date. The bonds were redeemed “at par” to avoid a 9-1/8% interest rate, which was then well above market rates. The Treasury’s January 15, 2004 announcement said that payment would be made “in book entry form,” meaning numbers were simply entered into the Treasury’s online money market fund (Treasury Direct). In effect, the money just moved from an online savings account to an online depository account, converting interest-bearing bonds into non-interest-bearing cash.
Where did the Treasury get the money to refinance this $3 billion bond issue at a lower interest rate? Whether it came from the private banking system or from the Federal Reserve, it was no doubt created out of thin air. As Federal Reserve Board Chairman Marriner Eccles testified before the House Banking and Currency Committee in 1935:
When the banks buy a billion dollars of Government bonds as they are offered . . . they actually create, by a bookkeeping entry, a billion dollars.
The US government can just as easily create this money by a bookkeeping entry itself. It can and it should, to avoid the interest charges that compound the national debt and make it unrepayable. Quoting Thomas Edison again:
If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way.http://ellenbrown.com/…/how-obama-could-beat-the-debt-ceil…/

Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)
Read and challenge:
Frederick Soddy writings, namely “The Role Of Money”
(Entire book as a free download…)http://archive.org/details/roleofmoney032861mbp
FROM A GOOD PERSONAL INCOME TAX PLAN TO A
“AMERICA’S GREATEST PERSONAL INCOME TAX PLAN”.
(1)eliminate FICA on all income of all earnings less than $102K/year.
Giving an automatic 15% raise to all without any increase in money supply or any increase in labor cost.
(Create another 2 million jobs)
(2). Change tax code to : Federal Income Tax to be 1% for income up to $102,000.
with higher percentages for $103,000-500,000 then perhaps,30% thereafter.
Corporate taxes are not federal income taxes, they are a separate item, perhaps based on percentage of profits.
(3). All taxpayers in the 1% bracket will receive a rebate in an amount equal to 6% of their income.
This is to balance their income so as not to be penalized by sales taxes..

The real honest question is;
IF WE CAN GAIN FEDERAL REVENUE BY TAXATION ON “SOMETHING ELSE”, WHY WOULD WE NOT WANT
PROSPERITY FOR ALL ?

When a honest Central Bank uses “QE” for the betterment of the community in a capitalistic economy, it will be the greatest system ever devised by mankind.
TAXATION IS TAXATION.How To Lower Personal Federal Income Taxes and Lower National Debt at the same time !

How To Lower Personal Federal Income Taxes and Lower National Debt at the same time !
A simple understanding of -TAXATION.

As Frederick Soddy said,

So elaborately has the real nature of
this ridiculous proceeding been surrounded with
confusion by some of the cleverest and most
skillful advocates the world has ever known, that
it still is something of a mystery to ordinary
people, who hold their heads and confess they
are ” unable to understand finance “. It is not
intended that they should.

Excerpt fromhttp://en.wikipedia.org/wiki/Frederick_Soddy

“In four books written from 1921 to 1934, Soddy carried on a “quixotic campaign for a radical restructuring of global monetary relationships”[this quote needs a citation], offering a perspective on economics rooted in physics—the laws of thermodynamics, in particular—and was “roundly dismissed as a crank”[this quote needs a citation]. While most of his proposals – “to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort” – are now conventional practice, his critique of fractional-reserve banking still “remains outside the bounds of conventional wisdom”[this quote needs a citation]. Soddy wrote that financial debts grew exponentially at compound interest…”http://archive.org/…/role…/roleofmoney032861mbp_djvu.txt
THE
ROLE OF MONEY
WHAT IT SHOULD BE, CONTRASTED WITH WHAT IT HAS BECOME By
FREDERICK SODDY
M.A. (Oxon) ; LL.D. (Glasgow) ; F.R.S. ; Nobel Laureate in Chemistry, 1921 ; Author of ” Science and Life ” ; ” Wealth, Virtual Wealth , and Debt ” ; ” Money versus Man ” ; etc.
PREFACE …
This book attempts to clear up the mystery of money in its social aspect. With the monetary
system of the whole world in chaos, this mystery has never been so carefully fostered as it is to-day.
And this is all the more curious inasmuch as there is not the slightest reason for this mystery.
This book will show what money now is, what it does, and what it should do. From this will
emerge the recognition of what has always been the true role of money. The standpoint from
which most books on modern money are written has been reversed. In this book the subject is not
treated from the point of view of the bankers as those are called who create by far the greater
proportion of money but from that of the PUBLIC, who at present have to give up valuable
goods and services to the bankers in return for the money that they have so cleverly created
and create. This, surely, is what the public really wants to know about money.
It was recognized in Athens and Sparta ten centuries before the birth of Christ that one
of the most vital prerogatives of the State was the sole right to issue money. How curious that
the unique quality of this prerogative is only now being re-discovered. The” money-power ” which
has been able to overshadow ostensibly responsible government, is not the power of the merely ultra-
rich, but is nothing more nor less than a new technique designed to create and destroy money
by adding and withdrawing figures in bank ledgers, without the slightest concern for the interests of
the community or the real role that money ought to perform therein.
… It is concerned less with the details of particular schemes of monetary reform that have been advocated than with the general principles to which, in the author’s opinion, every monetary system must at long last conform, if it is to fulfil its proper role as the distributive mechanism of society. To allow it to become a source of revenue to private issuers is to create, first, a secret and illicit arm of the
government and, last, a rival power strong enough ultimately to overthrow all other forms of
government. ”

“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism would be the best ways and means to help “form a more perfect union….”, Pontifical Council.
SOLUTION.
“LEGISLATE FOR “We the People” WHAT WE HAD LEGISLATED THE CENTRAL BANK TO DO FOR THE Private For Profit Banks (PFPB) ! ISSUE OUR OWN MONEY AS LOANS AND CHARGE A TAX CALLED INTEREST ! ! ! ”
Create an honest Central Bank that shall fund-
““We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…””
There is a solution. Reverse what is causing the problems.
As Einstein said,”Make it simple.”
DISCOVER THE REAL CAUSE.
READ ( http://michael-hudson.com/…/the-mathematical-economics…/
By Michael Hudson
“…. The Mathematics of Compound Interest
A syndicate of less than one hundred American capitalists, if allowed to collect interest on their capital at a low rate and re-invest for 150 years or less, would at the end of that time own the earth and all real and personal property thereon. This is a simple mathematical proposition, capable of exact demonstration, and any one who doubts the truth of this statement may set all doubts at rest by computing compound interest on one and one-half billions of dollars for one hundred and fifty years, at five per cent per annum.
…Flürscheim elaborated that “All exertions, all improvements in the methods and tools of labor, the strictest economy, the severest self-denial, are powerless to compete with the rapidity of self-increase possessed by capital placed at compound interest, and they cannot keep up with its demands.” To illustrate the dynamic at work, he composed an allegory (pp. 327ff.). Many ages after man was driven from Paradise and told “to earn his bread by the sweat of his brow, mercy began to prevail. A loving angel was sent down by the Great Master, charged with the task of lightening the burden. The angel’s name was Spirit of Invention. He began his work by teaching man to make useful tools” and tame animals, and in time to mobilize water power, air and wind power, fire and steam power to drive machinery.
“It seemed that at last the golden era had come of which men had dreamed for ages past,” but “that envious spirit, that fallen angel, Satan,” was jealous that his own empire would soon be over for ever. Among the follies of man, one little imp, called Interest, managed to attract his attention. “‘What is the matter with you, Interest?’ he asked the saucy imp. ‘You don’t seem to be so dejected as your comrades are?’”
“‘Why should I be dejected, master?’ replied the spirit, ‘Am I not one of your favorite soldiers? Haven’t I always been victorious under your august guidance?’”
But Satan answered sadly, “Alas, You are no match for the Spirit of Invention.” The Interest imp, however, volunteered to demonstrate his prowess in a dual, helped by his son, Compound Interest.
At this point, Flürscheim introduced an image that Napier had suggested at the outset of his second book on logarithms in 1617, the Robdologia, likening the principle of geometric increase to that of a chess-board on which each square doubled the number assigned to the preceding one. An old Persian proverb told of a Shah who wished to reward the inventor of chess, a subject, and asked what he would like. To the Shah’s surprise, the man asked “as his only reward that the Shah would give him a single grain of corn, which was to be put on the first square of the chess-board, and to be doubled on each successive square; which, to the surprise of the king, produced an amount larger than the treasures of his whole kingdom could buy. It is this kind of chess-game which capital is continually playing with labor.” The remarkable growth of compound interest soon swallowed “products, capital, the earth and even the workers.” This was in essence the ploy that Flürscheim’s Compound Interest demon used. “Look at this chess-board,” he told the angel against whom Satan had pitted him. “It seems just like any other chess-board, with sixty-four squares,” but it “had the peculiar quality of extending the dimensions of the squares, so as always to be large enough” to hold whatever was placed on them. Instead of asking for grains of wheat to be placed on them, the Interest Imp asked for soldiers. “Now, listen well to what I propose,” he said to the angel, pointing to the latter’s huge army. I enter the first square with my son, and you match one of your warriors against us. We enter the second square doubled in number; you send two more warriors – and so on every succeeding square.was in essence the ploy that Flürscheim’s Compound Interest demon used. “Look at this chess-board,” he told the angel against whom Satan had pitted him. “It seems just like any other chess-board, with sixty-four squares,” but it “had the peculiar quality of extending the dimensions of the squares, so as always to be large enough” to hold whatever was placed on them. Instead of asking for grains of wheat to be placed on them, the Interest Imp asked for soldiers. “Now, listen well to what I propose,” he said to the angel, pointing to the latter’s huge army. I enter the first square with my son, and you match one of your warriors against us. We enter the second square doubled in number; you send two more warriors – and so on every succeeding square. .
. . . . When we arrive at the last square, and you have a single soldier left after occupying the same, we shall declare ourselves vanquished, and Satan with all his troops will leave this world for ever. If I win, you and your army are to be at the commands of my master. Are you agreed?
The angel agreed, expecting his horde of soldiers to easily exceed the number that the Interest Imp and his son, Compound Interest, seemed likely to accrue.
In the beginning the angel laughed, for, though twenty squares were passed, no noticeable diminution of his forces was perceptible. Demon Interest said nothing, but attended to business, quietly doubling his army on every succeeding square. At the thirtieth square the angel ceased to laugh, and soon saw he was lost.
‘I despised you, little fellow,’ he signed despairingly, ‘and I am punished for my vanity. I see there is no use fighting against you. Demon Interest is more powerful than the Spirit of Invention. I am your slave. Command your servant!’”
THIS IS THE TIPPING POINT ! WHERE WE WENT WRONG.
(Justaluckyfool’s comment )
‘I am the only servant of my great master,’ dryly replied the demon.
“Here I see him coming. He will give you his orders.’
And Satan gave his orders. He commanded that the angel was to continue in his work with all his troops, which were to be increased with all possible exertion, so that humanity – which did not know the nature of the antagonist it had to fight against – would always keep in fresh hope of final success when the new troops were forthcoming. But as fast as they appeared, Demon Interest was to send forth a larger army to capture the new forces, to enslave them, and – instead of their benefiting man – make them increase the slave-chains which weigh him down.
HOW WE COULD FIX IT !!! WHAT IF DEMON INTEREST WERE TO ANSWER?
“I will now be the servant of a new master,one that will pursue happiness for all mankind.”
(Justaluckyfool’s comment )
The answer lies in how you redistribute the wealth, not in how you make it.
As for the worlds wealth, there is the possibility of total accumulation through compound interest (the most powerful force in the universe) which then begs the question, “How would that wealth be redistributed ? Who will be the master?
We must go back to “In God We Trust” and use that ‘most powerful force’(compounding) to fund
“…a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
Why do all the head politicians all agree that “Entitlements and Debt Service” are killing us and are unsustainable. Then never attack the cost of the debt service or even why we have to pay interest on our own money, instead just attack any attempts to…” establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,

A simple understanding of -TAXATION.************************ It should always be “TAX and SPEND”, trillions if properly and justly done.When will we learn, A HONEST CENTRAL BANK using a Capitalistic system can and should allow a monetary sovereign government to form a more perfect community.

WHY WOULD YOU NOT WANT PROSPERITY FOR YOURSELF AND YOUR CHILDREN ?
When a bank charges interest, it may be usury.
When the government charges interest it is taxation.
When a government has a mandate .. “to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
What better way is there than:Taxation !
DO FOR OURSELVES WHAT WE HAD ALLOWED THE CENTRAL BANK TO DO
FOR THE Private For Profit Banks (PFPB) !
LOAN OUR own MONEY and CHARGE (interest) A TAX ON IT.
AMEND THE FEDERAL RESERVE CHARTER; TURN THE FED RESERVE INTO THE FEDERAL RESERVE BANK OF AMERICA (FRBA),RESTORE MONETARY POWER BACK TO THE PEOPLE ,OPERATE THE FRBA WITH ABSOLUTE TRANSPARENCY, OPERATE AS A HONEST BANK.
(“GLINDA,the Good Witch, owns a Great Book of Records that allows her to track everything that goes on in the world from the instant it happens.”_The Road to Oz)
Form a more perfect “capitalistic “monetary circle: $100 trillion issued as loans to come back as $200 trillion as payment while at the same time as it returns creates a revenue stream for $100 trillion in new loans while spending $100 trillion as Congressional appropriations for the benefit of the people.
Isn’t this what has been done to us by the Private For Profit Banks since we have allowed the FED to work for them ?
What if they say this solution is ,
““Inflation! Hyperinflation!!”
“Income Inequality & Unemployment Are Cheaper to Solve”
“Everybody says Climate Protection Will be Cheap”
“We Need to Support Dominant Carbon Pricing Framework & Political Consensus”
“Government is Always Inefficient and/or Ineffective”
“We are Comfortable Right Now, Thank You”
“Advocacy Will Endanger My Stance as a Critic”
“Civilization is Not Worth Saving; It’s not Worth the Effort”
(http://neweconomicperspectives.org/2015/10/why-shouldnt-the-us-federal-government-invest-4-6-trillion-per-year-on-climate-protection-part-1-of-2.html)
ANSWER:
The greatest challenge to over come will be slung at you in a million ways, with millions of cries, “It can’t be done.”,
“You will put us in unbearable debt.”
“We will no longer be able to sustain our sovereignty.”
So how will you create enough government revenue to create 3-5 million new jobs,
reduce Federal Personal Income Taxes, increase Social Security, have Medicare for all
and decrease the National Debt?
THERE IS A WAY .
While adhering to the basic principle-“The way and means for a ‘capitalistic sovereignty’ is to RAISE TAXES should they wish to increase spending.”
Yet no one explains that there are “other ways” of taxation. There is a method available to us that is no only fair but also of such a magnitude that it could fund this great union
to become…“…a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…
Simply a better, fairer taxation.
No inflation or deflation for there is zero change in the capital value of the sovereignty.
There is zero change on the balance sheet of the Central Bank; a true zero net change.
For any nation to be a Monetary Sovereignty….
.. it must be the sole creator of its sovereign currency.
…it must have the ways and means to control its sovereign currency for quality and quantity.
…it must under modern money systems be fiat since its money is transferable “thru thin air”.
…it must understand that it is the guardian of the value of the currency , if it wishes to be capitalistic; otherwise that nation will be totalitarian. As a guardian (recording and exchanging) it does not own the value of the currency it creates.
…it must use that currency knowing that it must also return it back to the community (the rightful owners).
…all transactions using sovereign currency must be “REAL”, meaning backed by 100% of issued sovereign currency. All that has been issued backed by “reserves” must over time be converted to loans from the Central Bank, the sole issuer of the currency.In order to prevent “systemic failure” it must make available the currency as loans at a fixed rate and duration in amounts deemed necessary to allow the private banking system to be solvent.
Based upon an opinion by “Justaluckyfool” of the concepts of Noble Laureate Frederick Soddy, “The Role Of Money” (1926,1933)
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.Use them as your own.)
Read and challenge:
Frederick Soddy writings, namely “The Role Of Money”
(Entire book as a free download…) http://archive.org/details/roleofmoney032861mbp
ANY “QE” PLAN COULD BE USED AS A “PEOPLE’S ” QE” PLAN.
Increase…. net wages,
Increase.. Jobs,
Decrease.. Federal Debt,
Decrease… Poverty
Decrease .. Inequality.

ALL AT THE SAME TIME:
” QE4JOBS”-a plan to create millions of jobs that will pay for themselves while decreasing federal debt, poverty, as well as the income gap….or stated another way, “How does this capitalistic government create an INCOME stream over and above its budget, while decreasing its present debt, while having complete control over the quality and quantity of its currency?
“QE 4 JOBS”
Have the American financial system rush to the rescue with a generous and flexible legal funding that no other country could match.
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet, (Bernanke should get Noble for this).

QE!

A simple change in direction of doing something for the common bettering of all the people. Especially those in need now.
The FEDS did in fact QE for the Private For Profit Banks.
The FEDS made direct purchase of bank assets.
Why not have the FEDS do for the States exactly that-purchase from each state $20 billion of State improvement bonds w/ terms of 2% for 36 years.
Thereby creating 3-5 million jobs while at the same time producing an income stream (tax revenue)or a banks call Net Interest Income, (money that by law is to be turned over to Congress for appropriations).
***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC),
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)
WHY WOULD YOU NOT WANT PROSPERITY FOR YOURSELF AND YOUR CHILDREN?

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Why not Trump ? (RAP) Renaissance for the American People.

June 27, 2016

May 10, 2016

Donald J Trump,
RWER asks ‘Why Trump’?
https://rwer.wordpress.com/2016/05/05/why-trump-2/…
..Answer:

**Why not Trump ? (RAP) Renaissance for the American People.

The BEST chance for the American people.
QE 4 Infrastructure- Make America Great Again!
MR. President, the Sec. of the US Treasury, and
Chairman of the Federal Reserve; use the power of the U S Constitution.
Not as a bailout.
Not as a cost to all the taxpayers.
Not as an increase in deficit spending.
Rather a magic economic proven silver bullet that would reduce taxes
while at the same time increase non- deficit spending.
REVERSE: What the Central Banks are doing; rather than making the rich richer have them…
fuel the increase in wealth Equality and …” promote the general Welfare, and secure the
Blessings of Liberty to ourselves and our Posterity,…””
A HONEST CENTRAL BANK;
THE ONE STEP ADMINISTRATION SOLUTION..
When a honest Central Bank uses “QE” for the betterment of the community in a
capitalistic economy, it will be the greatest system ever devised by mankind.
FREE DOWNLOAD: “The Role Of Money”
”http://archive.org/…/role…/roleofmoney032861mbp_djvu.txt
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
QE !
A simple change in direction of doing something for the common bettering of all the people.
“QE- “State Infrastructure Bonds (Year of Issue).(Ex. SID 2016 $1 Trillion)
Total amount to be issued by States to be $1 trillion of State Infrastructure Bonds, (divided among the 50 states plus 1 for D.C. and Territories,
using a relative population percentage as a guide), with a rate of 2% for 36 years.
The Federal Reserve is to PURCHASE this entire issue, this entire asset.
It would be a purchase “for the people, for the common bettering of all citizens,
rather than for the “private for profit banks” and it would gain revenue,
yes increase revenue of $20 billion/year.(A revenue income of $720 BILLION with a zero cost.)
We must rebuild and replace so that it is not in vain; do it smart; as an investment for the future.
The states will be able to not only rebuild but also do it smart by creating millions of new jobs.
The Fed has already proven that it can do this at a profit to the US Treasury (“we the people”)
and with no increase in the debt (it is an asset purchase).
Make America Great Again !

**Why not Trump ? (RAP) Renaissance for the American People.

Donald J Trump,
Gandhi’s famous quote: ““First they ignore you, then they ridicule you, then they fight you, and then you win.”
You will win with your response to your valid reasoning of ” A Monetary Sovereignty
can not default because they are the issuer of the currency…
” if the debt is in their currency”. Period.

Donald Trump: “The U.S. Gov’t Doesn’t Default Because It Can Print More Money”
Posted on May 9, 2016
“Bonnie Kristian over at Rare writes,’Bonnie Kristian over at Rare writes, Seriously, this proposal is so economically ignorant it is difficult to know how to respond. It’s the sort of thing you’d see if any half-decent economist got a guest writing gig at The Onion. If there were no video evidence, I’d be convinced it was satire.
All that new money would not magically create new wealth. It would simply dilute the purchasing power of the money that already exists—”
Seriously, Bonnie Kristian are you ..”economically ignorant”
believing that this money spent is not in existence ? Then why even pay off debt ?

***** If the nation has ZERO plus dollars in its account as owned funds, how does it ‘spend’ even one dollar-except by stealing it or creating a copy of it “out of thin air”.What is so hard to realize that “It is impossible to create wealth “out of thin air” . What they are really doing is “making a copy of someone elses “real Wealth” and giving that copy made “out of thin air” to someone else thereby “creating two owners for the exact same thing”. If a Nation could, in fact, violate these rules of physics, why would we not be fat and prosperous, sitting on our backsides “printing wealth” for our selves and our children! *****The people receiving the USTBBs are GIVING UP THEIR RIGHTS TO REAL WEALTH THEY OWN and are willing to exchange this new ‘paper’ and have it held in safe hands until needed. (US TREASURY BEARER BONDS @ 0%).
****** BTW you should read the U.S. Constitution: When a Monetary Sovereignty spends more money than that which it has taken out of its own currency circulation: it must “borrow” (as per US Constitution). This creates the debt of the entire sovereignty,that debt being in that currency.When a Monetary Sovereignty has a debt in its own currency that debt is a deposit in its Central Bank. The owner of the Debt Deposit may withdraw upon demand; however the owner then loses the protections and safety of the credit of the sovereignty.
Why is there a problem?
SO where did we go wrong ?
“Its the INTEREST, stupid.”
A deficit that grows exponentially MUST over time destroy the quality and quantity of the currency.Period. One can not ignore this mathematical fact this fatal flaw. With no additional spending, while asleep at the wheel the present debt will go from $19trillion to $38trillion, then to $76trillion, to $142trillion…maybe then, perhaps your great-grand children will ask, “What were you thinking?” MMTers are correct that the debt NEED NOT be paid, but we must FIRST correct the fatal “exponential flaw.” READ: National Debt becomes money deposited in the Central Bank as US TREASURY BEARER BONDS at 0% Interest (USTBB) need only be paid on demand by each holder- there is no growth of debt.
To those who “buy” the debt, it is really just a very safe savings account, identical to a bank CD but totally safe because it is Constitutionally guaranteed.
EXACTLY, why China will not convert its $3.5trillion and be happy with USTBB – and we will no longer have to give them @ $200billion of new money. Nor would the 10%ers that hold this ‘debt’ wish to spend it (that would be ,perhaps, maybe a great boost of income for the 90%ers), or allow the banks to hold their lifetime saving, knowing that they will be subject to risk (they know how trustworthy they are with money.).
https://justaluckyfool.wordpress.com/…/debt-service…/
Quote Thomas Edison, “…Whereas the currency, the honest sort provided by the Constitution pays nobody…” But the owners of the debt that is now on deposit.
***”The ease with which the government’s debt could be paid in this way was demonstrated in January 2004″, As the chairman of the Coinage Subcommittee observed in the 1980s.
READ-CHALLENGE-ENDORSE:
https://justaluckyfool.wordpress.com/…/debt-service…/
THEN PUBLIC DEBT WOULD BE A GREAT THING-INDIVIDUALS LENDING THE COMMUNITY FOR ITS BETTERMENT.
“WHY PUBLIC DEBT IS A GOOD THING.”

**Why not Trump ? (RAP) Renaissance for the American People.

Icahn: Republicans don’t understand economics and it’s killing the country
Everett Rosenfeld | @Ev_Rosenfeld
Thursday, 28 Apr 2016 | 3:35 PM ETCNBC.com
3.1K
SHARES
Republican lawmakers are suffering from a near “pathological” misunderstanding of the national economy, and they may be hurting markets and Americans alike, billionaire investor and Donald Trump supporter Carl Icahn told CNBC on Thursday.
Icahn, who Trump had previously suggested could serve as his Treasury secretary, warned that markets will have a “day of reckoning” without fiscal stimulus, and argued that the U.S. government “certainly could do more spending.”
“The Republican Party that I used to be more sympathetic with — I’m right in the middle now, although as you know I’m for Trump — but what I would say is Congress is in this massive gridlock,” he said, explaining that the Republican-controlled body is “obsessed with this deficit to a point that I think it’s almost pathological.”
http://www.cnbc.com/…/icahn-republicans-dont-understand-eco…

When a Monetary Sovereignty spends more money than that which it has taken out of its own currency circulation: it must “borrow” (as per US Constitution). This creates the debt of the entire sovereignty,that debt being in that currency.When a Monetary Sovereignty has a debt in its own currency that debt is a deposit in its Central Bank. The owner of the “Debt Deposit” may withdraw upon demand; however the owner then loses the protections and safety of the credit of the sovereignty.
Why is there a problem?
SO where did we go wrong ?
“Its the INTEREST, stupid.”
The National Debt: A THING OF BEAUTY.
The National Debt: A THING OF BEAUTY. When a Monetary Sovereignty spends more money than that which it has taken out of its own currency circulation: it must…

OMG, OMG, OMG, Historic opportunity! Washington,Jefferson,Lincoln and TRUMP?? On the same page.

June 27, 2016

May 15, 2016

OMG, OMG, OMG, Historic opportunity!
Washington,Jefferson,Lincoln and TRUMP??
On the same page.

“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln

Posted on May 14, 2016 by Ellen Brown
“Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today.
“Reckless,” “alarming,” “disastrous,” “swashbuckling,” “playing with fire,” “crazy talk,” “lost in a forest of nonsense”: these are a few of the labels applied by media commentators to Donald Trump’s latest proposal for dealing with the federal debt. On Monday, May 9th, the presumptive Republican presidential candidate said on CNN, “You print the money.”
The remark was in response to a firestorm created the previous week, when Trump was asked if the US should pay its debt in full or possibly negotiate partial repayment. He replied, “I would borrow, knowing that if the economy crashed, you could make a deal.” Commentators took this to mean a default. On May 9, Trump countered that he was misquoted:
People said I want to go and buy debt and default on debt – these people are crazy. This is the United States government. First of all, you never have to default because you print the money, I hate to tell you, okay? So there’s never a default.
That remark wasn’t exactly crazy. It echoed one by former Federal Reserve Chairman Alan Greenspan, who said in 2011:
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
Paying the government’s debts by just issuing the money is as American as apple pie – if you go back far enough. Benjamin Franklin attributed the remarkable growth of the American colonies to this innovative funding solution. Abraham Lincoln revived the colonial system of government-issued money when he endorsed the printing of $450 million in US Notes or “greenbacks” during the Civil War. The greenbacks not only helped the Union win the war but triggered a period of robust national growth and saved the taxpayers about $14 billion in interest payments.
But back to Trump. He went on to explain:
I said if we can buy back government debt at a discount – in other words, if interest rates go up and we can buy bonds back at a discount – if we are liquid enough as a country we should do that.
Apparently he was referring to the fact that when interest rates go up, long-term bonds at the lower rate become available on the secondary market at a discount. Anyone who holds the bonds to maturity still gets full value, but many investors want to cash out early and are willing to take less. As explained on MorningStar.com:
If a bond with a 5% coupon and a ten-year maturity is sold on the secondary market today while newly issued ten-year bonds have a 6% coupon, then the 5% bond will sell for $92.56 (par value $100).
But critics still were not satisfied. In an article titled “Why Donald Trump’s Debt Proposal Is Reckless,” CNNMoney said:
[T]he federal government doesn’t have any money to buy debt back with. The U.S. already has $19 trillion in debt. Trump’s plan would require the U.S. Treasury to issue new debt to buy old debt.
Trump, however, was not talking about borrowing the money. He was talking about printing the money. CNNMoney’s response was:
That can cause inflation (or even hyperinflation), and send prices of everything from food to rent skyrocketing.
The Hyperinflation that Wasn’t
CNN was not alone in calling the notion of printing our way out of debt recklessly inflationary. But would it be? The Federal Reserve has already bought $4.5 trillion in assets, $2.7 trillion of which were federal securities, simply by “printing the money.”
When the Fed’s QE program was initiated, critics called it recklessly hyperinflationary. But it did not even create the modest 2% inflation the Fed was aiming for. QE was combined with ZIRP – zero interest rates for banks – encouraging borrowing for speculation, driving up the stock market and real estate. But the Consumer Price Index, productivity and jobs barely budged.
While the Fed has stopped its QE program for the time being, the European Central Bank and the Bank of Japan have jumped in, buying back massive amounts of their own governments’ debts by simply issuing the money. There too, the inflation needle has barely budged. As noted on CNBC in February:
Central banks have been pumping money into the global economy without a whole lot to show for it other than sharply higher stock prices, and even that has been on the downturn for the past year.
Growth remains anemic, and worries are escalating that the U.S. and the rest of the world are on the brink of a recession, despite bargain-basement interest rates and trillions in liquidity.
Helicopter Money Goes Mainstream
European economists and central bankers are wringing their hands over what to do about a flagging economy despite radical austerity measures and increasingly unrepayable debt. One suggestion gaining traction is “helicopter money” – just issue money and drop it directly into the economy in some way. In QE as done today, the newly issued money makes it no further than the balance sheets of banks. It does not get into the producing economy or the pockets of consumers, where it would need to go in order to create the demand necessary to stimulate productivity. Helicopter money would create that demand. Proposed alternatives include a universal national dividend; zero or low interest loans to local governments; and “people’s QE” for infrastructure, job creation, student debt relief, etc.
Simply buying back federal securities with money issued by the central bank (or the U.S. Treasury) would also get money into the real economy, if Congress were allowed to increase its budget in tandem. As observed in The Economist on May 1, 2016:
Advocates of helicopter money do not really intend to throw money out of aircraft. Broadly speaking, they argue for fiscal stimulus—in the form of government spending, tax cuts or direct payments to citizens—financed with newly printed money rather than through borrowing or taxation. Quantitative easing (QE) qualifies, so long as the central bank buying the government bonds promises to hold them to maturity, with interest payments and principal remitted back to the government like most central-bank profits.
As Dean Baker, co-director of the Center for Economic and Policy Research in Washington, wrote in response to the debt ceiling crisis in November 2010:
There is no reason that the Fed can’t just buy this debt (as it is largely doing) and hold it indefinitely. If the Fed holds the debt, there is no interest burden for future taxpayers. The Fed refunds its interest earnings to the Treasury every year. Last year the Fed refunded almost $80 billion in interest to the Treasury, nearly 40 percent of the country’s net interest burden. And the Fed has other tools to ensure that the expansion of the monetary base required to purchase the debt does not lead to inflation.
An even cleaner solution would be to simply void out the debt held by the Fed. That was the 2011 proposal of then-presidential candidate Ron Paul for dealing with the debt ceiling crisis. As his proposal was explained in Time Magazine, today the Treasury pays interest on its securities to the Fed, which returns 90% of these payments to the Treasury. Despite this shell game of payments, the $1.7 trillion in US bonds owned by the Fed is still counted toward the debt ceiling. Paul’s plan:
Get the Fed and the Treasury to rip up that debt. It’s fake debt anyway. And the Fed is legally allowed to return the debt to the Treasury to be destroyed.
Congressman Alan Grayson, a Democrat, also endorsed this proposal.
Financial author Richard Duncan makes a strong case for going further than just monetizing existing debt. He argues that under current market conditions, the US could actually rebuild its collapsing infrastructure by just printing the money, without causing price inflation. Prices go up when demand (money) exceeds supply (goods and services); and with automation and the availability of cheap labor in vast global markets today, supply can keep up with demand for decades to come. Duncan observes:
The combination of fiat money and Globalization creates a unique moment in history where the governments of the developed economies can print money on an aggressive scale without causing inflation. They should take advantage of this once-in-history opportunity . . . .
Returning the Power to Create Money to the People
The right of government to issue its own money was one of the principles for which the American Revolution was fought. Americans are increasingly waking up to the fact that the vast majority of the money supply is no longer issued by the government but is created by private banks when they make loans; and that with that power goes enormous power over the economy itself.
The issue that should be debated is one that dominated political discussion in the 19th century but that few candidates are even aware of today: should creation and control of the money supply be public or private? Donald Trump’s willingness to transgress the conservative taboo against public money creation is a welcome step in opening that debate.
________________
Ellen Brown is an attorney, Founder of the Public Banking Institute, and author of twelve books, including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally. Her 300+ blog articles are at EllenBrown.com. She can be heard biweekly on “It’s Our Money with Ellen Brown” on PRN.FM.

Related

Trumping the Federal Debt Without Playing the Default CardIn “Ellen Brown Articles/Commentary”
The Trillion Dollar Coin: Joke or Game-changer?In “Ellen Brown Articles/Commentary”
CHENEY WAS RIGHT ABOUT ONE THING: DEFICITS DON’T MATTERIn “Ellen Brown Articles/Commentary”
Filed under: Ellen Brown Articles/Commentary Tagged: | Donald Trump, federal debt, infrastructure crisis, public banking, quantitative easing
« Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?

justaluckyfool, on May 14, 2016 at 9:37 am said:
The Fed has already proven that it can do this at a profit to the US Treasury (“we the people”)
and with no increase in the debt (it is an asset purchase).
Make America Great Again !
**Why not Trump ? (RAP) Renaissance for the American People.
Donald J Trump,
Gandhi’s famous quote: ““First they ignore you, then they ridicule you, then they fight you, and then you win.”
You will win with your response to your valid reasoning of ” A Monetary Sovereignty
can not default because they are the issuer of the currency…
” if the debt is in their currency”. Period.
WHY not STATE PUBLIC OWNED BANKS (SPOB) with an Honest Central Bank to reverse..”Where We Went Wrong and Fix It.”

Thank you, Ellen Brown for your due examination…
***** “Believe nothing merely because you have been told it…But whatsoever,
after due examination and analysis,you find to be kind, conducive to the good,
the benefit,the welfare of all beings – that doctrine believe and cling to,and
take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC),
Share and then share again, why would you not want prosperity? Why not Trump ? (RAP) Renaissance for the American People.
May 10, 2016
Donald J Trump,

RWER asks ‘Why Trump’?
..Answer:
**Why not Trump ?

The BEST chance for the American people.

QE 4 Infrastructure- Make America Great Again!
MR. President, the Sec. of the US Treasury, and
Chairman of the Federal Reserve; use the power of the U S Constitution.
Not as a bailout.
Not as a cost to all the taxpayers.
Not as an increase in deficit spending.
Rather a magic economic proven silver bullet that would reduce taxes
while at the same time increase non- deficit spending.
REVERSE: What the Central Banks are doing; rather than making the rich richer have them…
fuel the increase in wealth Equality and …” promote the general Welfare, and secure the
Blessings of Liberty to ourselves and our Posterity,…””
A HONEST CENTRAL BANK;
THE ONE STEP ADMINISTRATION SOLUTION..
When a honest Central Bank uses “QE” for the betterment of the community in a
capitalistic economy, it will be the greatest system ever devised by mankind.
FREE DOWNLOAD: “The Role Of Money”
”http://archive.org/…/role…/roleofmoney032861mbp_djvu.txt
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )

QE !
A simple change in direction of doing something for the common bettering of all the people.

“QE- “State Infrastructure Bonds (Year of Issue).(Ex. SID 2016 $1 Trillion)
Total amount to be issued by State Public Owned Banks (SPOB) to be $1 trillion of State Infrastructure Bonds 2016 with a rate of 2% for 30 years, (divided among the 50 states plus 1 for D.C. and Territories using a relative population percentage as a guide).
The Federal Reserve is to PURCHASE this entire issue, purchase this entire asset.
It would be a purchase of an asset to produce an income “for the people, for the common bettering of all citizens,
rather than for the “private for profit banks”.
Yes increase revenue of $20 billion/year.(A revenue income of $720 BILLION with a zero cost.)
We must rebuild and replace so that it is not in vain; do it smart; as an investment for the future.
The states will be able to not only rebuild but also do it smart by creating millions of new jobs.
The Fed has already proven that it can do this at a profit to the US Treasury (“we the people”)
and with no increase in the debt (it is an asset purchase).
Make America Great Again !
**Why not Trump ? (RAP) Renaissance for the American People.
Donald J Trump,
Gandhi’s famous quote: ““First they ignore you, then they ridicule you, then they fight you, and then you win.”
You will win with your response to your valid reasoning of ” A Monetary Sovereignty
can not default because they are the issuer of the currency…
” if the debt is in their currency”. Period.
Donald Trump: “The U.S. Gov’t Doesn’t Default Because It Can Print More Money”
Posted on May 9, 2016
“Bonnie Kristian over at Rare writes,’Bonnie Kristian over at Rare writes, Seriously, this proposal is so economically ignorant it is difficult to know how to respond. It’s the sort of thing you’d see if any half-decent economist got a guest writing gig at The Onion. If there were no video evidence, I’d be convinced it was satire.
All that new money would not magically create new wealth. It would simply dilute the purchasing power of the money that already exists—”
Seriously, Bonnie Kristian are you ..”economically ignorant”
believing that this money spent is not in existence ? Then why even pay off debt ?
***** If the nation has ZERO plus dollars in its account as owned funds, how does it ‘spend’ even one dollar-except by stealing it or creating a copy of it “out of thin air”.What is so hard to realize that “It is impossible to create wealth “out of thin air” . What they are really doing is “making a copy of someone elses “real Wealth” and giving that copy made “out of thin air” to someone else thereby “creating two owners for the exact same thing”. If a Nation could, in fact, violate these rules of physics, why would we not be fat and prosperous, sitting on our backsides “printing wealth” for our selves and our children! *****The people receiving the USTBBs are GIVING UP THEIR RIGHTS TO REAL WEALTH THEY OWN and are willing to exchange this new ‘paper’ and have it held in safe hands until needed. (US TREASURY BEARER BONDS @ 0%).
****** BTW you should read the U.S. Constitution: When a Monetary Sovereignty spends more money than that which it has taken out of its own currency circulation: it must “borrow” (as per US Constitution). This creates the debt of the entire sovereignty,that debt being in that currency.When a Monetary Sovereignty has a debt in its own currency that debt is a deposit in its Central Bank. The owner of the Debt Deposit may withdraw upon demand; however the owner then loses the protections and safety of the credit of the sovereignty.
Why is there a problem?
SO where did we go wrong ?
“Its the INTEREST, stupid.”
A deficit that grows exponentially MUST over time destroy the quality and quantity of the currency.Period. One can not ignore this mathematical fact this fatal flaw. With no additional spending, while asleep at the wheel the present debt will go from $19trillion to $38trillion, then to $76trillion, to $142trillion…maybe then, perhaps your great-grand children will ask, “What were you thinking?” MMTers are correct that the debt NEED NOT be paid, but we must FIRST correct the fatal “exponential flaw.” READ: National Debt becomes money deposited in the Central Bank as US TREASURY BEARER BONDS at 0% Interest (USTBB) need only be paid on demand by each holder- there is no growth of debt.
To those who “buy” the debt, it is really just a very safe savings account, identical to a bank CD but totally safe because it is Constitutionally guaranteed.
EXACTLY, why China will not convert its $3.5trillion and be happy with USTBB – and we will no longer have to give them @ $200billion of new money. Nor would the 10%ers that hold this ‘debt’ wish to spend it (that would be ,perhaps, maybe a great boost of income for the 90%ers), or allow the banks to hold their lifetime saving, knowing that they will be subject to risk (they know how trustworthy they are with money.).
https://justaluckyfool.wordpress.com/…/debt-service…/
Quote Thomas Edison, “…Whereas the currency, the honest sort provided by the Constitution pays nobody…” But the owners of the debt that is now on deposit.
***”The ease with which the government’s debt could be paid in this way was demonstrated in January 2004″, As the chairman of the Coinage Subcommittee observed in the 1980s.
READ-CHALLENGE-ENDORSE:
***The ease with which the government’s debt could be paid in this way was demonstrated in January 2004****
As the chairman of the Coinage Subcommittee observed in the 1980s, the entire federal debt could actually be paid in this way. The Federal Reserve has already established that it can issue $4.5 trillion in accounting-entry QE without triggering hyperinflation. In fact, it has not succeeded in triggering the modest inflation the exercise was designed for. As with QE, paying the federal debt in this way would just be an asset swap, replacing an interest-bearing obligation with a non-interest-bearing one. The market for goods and services would not be flooded with “new” money that would inflate the prices of consumer goods, because the bond holders would not consider themselves any richer than before. They presumably had their money in bonds in the first place because they wanted to save it rather than spend it. They would no doubt continue to save it, either as cash or by investing it in some other interest-generating securities.
The ease with which the government’s debt could be paid in this way was demonstrated in January 2004, when the US Treasury called a 30-year bond issue before its due date. The bonds were redeemed “at par” to avoid a 9-1/8% interest rate, which was then well above market rates. The Treasury’s January 15, 2004 announcement said that payment would be made “in book entry form,” meaning numbers were simply entered into the Treasury’s online money market fund (Treasury Direct). In effect, the money just moved from an online savings account to an online depository account, converting interest-bearing bonds into non-interest-bearing cash.
Where did the Treasury get the money to refinance this $3 billion bond issue at a lower interest rate? Whether it came from the private banking system or from the Federal Reserve, it was no doubt created out of thin air. As Federal Reserve Board Chairman Marriner Eccles testified before the House Banking and Currency Committee in 1935:
When the banks buy a billion dollars of Government bonds as they are offered . . . they actually create, by a bookkeeping entry, a billion dollars.
The US government can just as easily create this money by a bookkeeping entry itself. It can and it should, to avoid the interest charges that compound the national debt and make it unrepayable.
Quoting Thomas Edison again:
If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way.http://ellenbrown.com/…/how-obama-could-beat-the-debt-ceil…/
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)
Read and challenge:
Frederick Soddy writings, namely “The Role Of Money”
(Entire book as a free download…)http://archive.org/details/roleofmoney032861mbp ******************** “Believe nothing merely because you have been told it…But whatsoever,
after due examination and analysis,you find to be kind, conducive to the good,
the benefit,the welfare of all beings – that doctrine believe and cling to,and
take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC),

THEN PUBLIC DEBT WOULD BE A GREAT THING-INDIVIDUALS LENDING THE COMMUNITY FOR ITS BETTERMENT.
“WHY PUBLIC DEBT IS A GOOD THING.”

Presidential Candidates; Debt Solution, Minimum Wage Solution,S.S. and Medicare.

June 27, 2016

May 18, 2016

Presidential Candidates; Debt Solution, Minimum Wage Solution,S.S. and Medicare.
All are dependent upon one thing-“Where will you get the money ?”
So, How do you lower Federal Personal Income Taxes, increase Social Security,
free Zero Deductible Medicare for vets, while at the same time lower the national debt?

Fractalerts
Counting Down Debt
How the Presidential candidates will address the increasing US national debt…
https://www.fractalerts.com/blog/3788-counting-down-debt
Let’s get this disclaimer out here now; we do not endorse any political party. We have written this piece as a way of introducing how the front runners in this year’s US Presidential race will aim to eradicate the government debt, if elected. We have attempted to be balanced and fair, allowing you to make up your own mind from the facts given. If there is something you feel we’ve omitted or failed to omit, get in touch, we’d love to hear from you.
Now onto the blog…..
You Call That A Debt…

The US currently has $19trillion worth of national debt. Okay, admittedly that figure is a little old, but the 1st February 2016 was when the figure clicked over to the $19trillion mark. Sticklers among you should head to the Debt Clock, where you can see the debt rise in real- time [editor: at the time of writing it was around $19,262,145,950,641].
For the purposed of this article we are going to round that number down to a $19trillion even. But that still means that there is around $58,000 worth of debt for each American citizen (including the kids).
And how has the US got to this point? Well, ultimately it’s the way that everyone gets into debt… outgoings are more that incomes. But in this instance there is also the joy of compound interest…
But, some analysts believe that if nothing is done about it, the national debt will be around $30trillion in a decade. And that’s a best case scenario, based on government spending and policy as it currently stands. Arguably, with a figure like that, Presidential nominees are considering how they’ll have to tackle it if they get into the Oval Office.
Trump’s Targets

Donald Trump, arguably one of America’s best known business men and almost certainly the Republican representative for the Presidency, has been outspoken about the ways in which he would tackle the national debt. Firstly, Trump went on the record to say that, given the right tools, he would be able to eradicate the debt in eight years. Citing his business acumen and his experience, he deemed that it was a reasonable expectation.
In response, there was a furor from the left who said that it wasn’t possible. There was a furor from the right, who agreed (most notable Ted Cruz who claimed Trump’s calculator ‘is missing a few keys’). Eventually the noise was such that Trump had to reconsider his position. He suggested that instead of removing the national debt in a period of eight years, he would in fact be able to pay off a “percentage of it” in ten.
Most recently, however, Trump caused more questioning of his policy towards government debt and rocking the bonds market in the process. Last week Trump initially said, “I would borrow, knowing that if the economy crashed, you could make a deal” to pay bondholders less than full value on the debt owed to them. After the bonds markets went up in arms (and down in price), Trump again clarified his position, and stated that “bonds [are] sacred” and he won’t be using them to move the mountain of government debt.

***********TRUMP PROPOSALS….Maybe, perhaps a better deal..

justaluckyfool, on May 14, 2016 at 9:37 am said:
The Fed has already proven that it can do this at a profit to the US Treasury (“we the people”) and with no increase in the debt (it is an asset purchase).
Make America Great Again !
**Why not Trump ? (RAP) Renaissance for the American People.
Donald J Trump,
Gandhi’s famous quote: ““First they ignore you, then they ridicule you, then they fight you, and then you win.”
You will win with your response to your valid reasoning of ” A Monetary Sovereignty can not default because they are the issuer of the currency…
” if the debt is in their currency”. Period.

OMG, OMG, OMG, Historic opportunity!
Washington,Jefferson,Lincoln and TRUMP??
On the same page.

“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln
Posted on May 14, 2016 by Ellen Brown
“Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today.
“Reckless,” “alarming,” “disastrous,” “swashbuckling,” “playing with fire,” “crazy talk,” “lost in a forest of nonsense”: these are a few of the labels applied by media commentators to Donald Trump’s latest proposal for dealing with the federal debt. On Monday, May 9th, the presumptive Republican presidential candidate said on CNN, “You print the money.”
The remark was in response to a firestorm created the previous week, when Trump was asked if the US should pay its debt in full or possibly negotiate partial repayment. He replied, “I would borrow, knowing that if the economy crashed, you could make a deal.” Commentators took this to mean a default. On May 9, Trump countered that he was misquoted:
People said I want to go and buy debt and default on debt – these people are crazy. This is the United States government. First of all, you never have to default because you print the money, I hate to tell you, okay? So there’s never a default.
That remark wasn’t exactly crazy. It echoed one by former Federal Reserve Chairman Alan Greenspan, who said in 2011:
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
Paying the government’s debts by just issuing the money is as American as apple pie – if you go back far enough. Benjamin Franklin attributed the remarkable growth of the American colonies to this innovative funding solution. Abraham Lincoln revived the colonial system of government-issued money when he endorsed the printing of $450 million in US Notes or “greenbacks” during the Civil War. The greenbacks not only helped the Union win the war but triggered a period of robust national growth and saved the taxpayers about $14 billion in interest payments.
But back to Trump. He went on to explain:
I said if we can buy back government debt at a discount – in other words, if interest rates go up and we can buy bonds back at a discount – if we are liquid enough as a country we should do that.
Apparently he was referring to the fact that when interest rates go up, long-term bonds at the lower rate become available on the secondary market at a discount. Anyone who holds the bonds to maturity still gets full value, but many investors want to cash out early and are willing to take less. As explained on MorningStar.com:
If a bond with a 5% coupon and a ten-year maturity is sold on the secondary market today while newly issued ten-year bonds have a 6% coupon, then the 5% bond will sell for $92.56 (par value $100).
But critics still were not satisfied. In an article titled “Why Donald Trump’s Debt Proposal Is Reckless,” CNNMoney said:
[T]he federal government doesn’t have any money to buy debt back with. The U.S. already has $19 trillion in debt. Trump’s plan would require the U.S. Treasury to issue new debt to buy old debt.
Trump, however, was not talking about borrowing the money. He was talking about printing the money. CNNMoney’s response was:
That can cause inflation (or even hyperinflation), and send prices of everything from food to rent skyrocketing.
The Hyperinflation that Wasn’t
CNN was not alone in calling the notion of printing our way out of debt recklessly inflationary. But would it be? The Federal Reserve has already bought $4.5 trillion in assets, $2.7 trillion of which were federal securities, simply by “printing the money.”
When the Fed’s QE program was initiated, critics called it recklessly hyperinflationary. But it did not even create the modest 2% inflation the Fed was aiming for. QE was combined with ZIRP – zero interest rates for banks – encouraging borrowing for speculation, driving up the stock market and real estate. But the Consumer Price Index, productivity and jobs barely budged.
While the Fed has stopped its QE program for the time being, the European Central Bank and the Bank of Japan have jumped in, buying back massive amounts of their own governments’ debts by simply issuing the money. There too, the inflation needle has barely budged. As noted on CNBC in February:
Central banks have been pumping money into the global economy without a whole lot to show for it other than sharply higher stock prices, and even that has been on the downturn for the past year.
Growth remains anemic, and worries are escalating that the U.S. and the rest of the world are on the brink of a recession, despite bargain-basement interest rates and trillions in liquidity.
Helicopter Money Goes Mainstream
European economists and central bankers are wringing their hands over what to do about a flagging economy despite radical austerity measures and increasingly unrepayable debt. One suggestion gaining traction is “helicopter money” – just issue money and drop it directly into the economy in some way. In QE as done today, the newly issued money makes it no further than the balance sheets of banks. It does not get into the producing economy or the pockets of consumers, where it would need to go in order to create the demand necessary to stimulate productivity. Helicopter money would create that demand. Proposed alternatives include a universal national dividend; zero or low interest loans to local governments; and “people’s QE” for infrastructure, job creation, student debt relief, etc.
Simply buying back federal securities with money issued by the central bank (or the U.S. Treasury) would also get money into the real economy, if Congress were allowed to increase its budget in tandem. As observed in The Economist on May 1, 2016:
Advocates of helicopter money do not really intend to throw money out of aircraft. Broadly speaking, they argue for fiscal stimulus—in the form of government spending, tax cuts or direct payments to citizens—financed with newly printed money rather than through borrowing or taxation. Quantitative easing (QE) qualifies, so long as the central bank buying the government bonds promises to hold them to maturity, with interest payments and principal remitted back to the government like most central-bank profits.
As Dean Baker, co-director of the Center for Economic and Policy Research in Washington, wrote in response to the debt ceiling crisis in November 2010:
There is no reason that the Fed can’t just buy this debt (as it is largely doing) and hold it indefinitely. If the Fed holds the debt, there is no interest burden for future taxpayers. The Fed refunds its interest earnings to the Treasury every year. Last year the Fed refunded almost $80 billion in interest to the Treasury, nearly 40 percent of the country’s net interest burden. And the Fed has other tools to ensure that the expansion of the monetary base required to purchase the debt does not lead to inflation.
An even cleaner solution would be to simply void out the debt held by the Fed. That was the 2011 proposal of then-presidential candidate Ron Paul for dealing with the debt ceiling crisis. As his proposal was explained in Time Magazine, today the Treasury pays interest on its securities to the Fed, which returns 90% of these payments to the Treasury. Despite this shell game of payments, the $1.7 trillion in US bonds owned by the Fed is still counted toward the debt ceiling. Paul’s plan:
Get the Fed and the Treasury to rip up that debt. It’s fake debt anyway. And the Fed is legally allowed to return the debt to the Treasury to be destroyed.
Congressman Alan Grayson, a Democrat, also endorsed this proposal.
Financial author Richard Duncan makes a strong case for going further than just monetizing existing debt. He argues that under current market conditions, the US could actually rebuild its collapsing infrastructure by just printing the money, without causing price inflation. Prices go up when demand (money) exceeds supply (goods and services); and with automation and the availability of cheap labor in vast global markets today, supply can keep up with demand for decades to come. Duncan observes:
The combination of fiat money and Globalization creates a unique moment in history where the governments of the developed economies can print money on an aggressive scale without causing inflation. They should take advantage of this once-in-history opportunity . . . .
Returning the Power to Create Money to the People
The right of government to issue its own money was one of the principles for which the American Revolution was fought. Americans are increasingly waking up to the fact that the vast majority of the money supply is no longer issued by the government but is created by private banks when they make loans; and that with that power goes enormous power over the economy itself.
The issue that should be debated is one that dominated political discussion in the 19th century but that few candidates are even aware of today: should creation and control of the money supply be public or private? Donald Trump’s willingness to transgress the conservative taboo against public money creation is a welcome step in opening that debate.
________________
Ellen Brown is an attorney, Founder of the Public Banking Institute, and author of twelve books, including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally. Her 300+ blog articles are at EllenBrown.com. She can be heard biweekly on “It’s Our Money with Ellen Brown” on PRN.FM.

WHY not STATE PUBLIC OWNED BANKS (SPOB) with an Honest Central Bank to reverse..”Where We Went Wrong and Fix It.”

Thank you, Ellen Brown for your due examination…

The National Debt: A THING OF BEAUTY.

April 4, 2016
The National Debt: A THING OF BEAUTY.
When a Monetary Sovereignty spends more money than that which it has taken out of its own currency circulation: it must “borrow” (as per US Constitution). This creates the debt of the entire sovereignty,that debt being in that currency.When a Monetary Sovereignty has a debt in its own currency that debt is a deposit in its Central Bank. The owner of the “Debt Deposit” may withdraw upon demand; however the owner then loses the protections and safety of the credit of the sovereignty. Stop paying interest on bank reserves, and stop issuing Treasury bills and bonds with interest payments attached.
Issue USTBB, allow the holders the safety of the American Dollar being held for them until they seek redemption.
Then proceed to pay off the entire Federal Debt?
AN ASSET SWAP:
***The ease with which the government’s debt could be paid in this way was demonstrated in January 2004****
As the chairman of the Coinage Subcommittee observed in the 1980s, the entire federal debt could actually be paid in this way. The Federal Reserve has already established that it can issue $4.5 trillion in accounting-entry QE without triggering hyperinflation. In fact, it has not succeeded in triggering the modest inflation the exercise was designed for. As with QE, paying the federal debt in this way would just be an asset swap, replacing an interest-bearing obligation with a non-interest-bearing one.(” A better aset swap would be “US TREASURY BEARER BONDS” (USTBB)!!!!! The market for goods and services would not be flooded with “new” money that would inflate the prices of consumer goods, because the bond holders would not consider themselves any richer than before. They presumably had their money in bonds in the first place because they wanted to save it rather than spend it. They would no doubt continue to save it,…(surely they would realize safety versus risk concerns.)
The ease with which the government’s debt could be paid in this way was demonstrated in January 2004, when the US Treasury called a 30-year bond issue before its due date. The bonds were redeemed “at par” to avoid a 9-1/8% interest rate, which was then well above market rates. The Treasury’s January 15, 2004 announcement said that payment would be made “in book entry form,” meaning numbers were simply entered into the Treasury’s online money market fund (Treasury Direct). In effect, the money just moved from an online savings account to an online depository account, converting interest-bearing bonds into non-interest-bearing cash.
Where did the Treasury get the money to refinance this $3 billion bond issue at a lower interest rate? Whether it came from the private banking system or from the Federal Reserve, it was no doubt created out of thin air. As Federal Reserve Board Chairman Marriner Eccles testified before the House Banking and Currency Committee in 1935:
When the banks buy a billion dollars of Government bonds as they are offered . . .
they actually create, by a bookkeeping entry, a billion dollars.
The US government can just as easily create this money by a bookkeeping entry
itself. It can and it should, to avoid the interest charges that compound
the national debt and make it unrepayable.
BUT,YOU NEED NOT STOP THERE- CREATE US TREASURY BEARER BONDS:
YOU MAY NEVER, yes, NEVER HAVE TO PRINT ALL THE MONEY !!!!
Quote Thomas Edison, “…Whereas the currency, the honest sort provided by the Constitution pays nobody…”
But the owners of the debt are now just deposits.

Berning Money…?
Meanwhile, Bernie Sanders, (who looks like he isn’t going to be the Democratic nominee but certainly isn’t going down without a fight) has a very different approach to the national debt. His proposals are some of the most ambitious and sweeping of all the presidential candidates, but they are also some of the most expensive.
When you crunch the numbers, the senator from Vermont could end up adding $18trillion to the national debt, with a further $3trillion being tacked on as interest costs.
But unlike Trump, Sander’s isn’t backing up. He knows that it is expensive, but still plans to unleash a single-payer health care system, bump up Social Security, and also introduce paid maternity leave in his “revolution”. Sure these things would be beneficial to some sectors of the population, but they are also going to increase national debt significantly which you simply can’t ignore.

This was Bernies ‘Waterloo, Little Big Horn.

Even with the help of MMTers Bernie did not declare that
the debt ‘need not be paid off. When asked ‘How he was to pay for his proposed increased entitlements, Bernie then created his fatal would: He advocated a tax increase.

Clinton’s Two Cents…

The former Secretary of State, Hillary Clinton, sees a rising debt liability as a national security issue, limiting the capabilities of the US and causing it to appear weak internationally. But, unfortunately, that’s about all she’s said on the subject. The likely Democratic candidate hasn’t offered much in the way of solutions to getting down the debt, in fact she is fairly tight lipped on the matter. However, despite this, analysts have suggested that her policies, if implemented, would add another $1.9trillion to the already escalating national figure.
Although many think her policies are sound, critics have been quick to point out that Clinton’s ideas make her an “old-fashioned tax-and-spend Democrat”, that is to say that most of her proposals are going to be financed by higher taxes, with other policy proposals like enacting immigration reform making up most of the remaining difference.

YES, the Clinton,s two cents;
that’s all it is worth. The Clinton platform calls for a ‘status quo’ of debt and servitude.

But Why Are People Even Bothering?
Maybe Trump’s plan to eradicate the $19trillion through renegotiating debt is going to win out; perhaps Sanders will go from being the under-dog to the top-dog, wracking up an additional $21trillion in the process; or maybe President Clinton mark II is going to add a little to the escalating debt as she takes office. Either way, why bother?
The IMF suggested last year that the best course of action for some countries – the US included – is to do nothing about their debt burdens. Not one thing. Nothing. Nada.
Their bottom line: the wisest course for some countries would be to stop distorting economies to deliberately pay down national debt, as this only adds to the burden of the debt, rather than reducing it.
So maybe, whoever wins out, it doesn’t matter what they do with the government debt, just so long as the clock keeps ticking.

CONCLUSION.
***** “Believe nothing merely because you have been told it…But whatsoever,
after due examination and analysis,you find to be kind, conducive to the good,
the benefit,the welfare of all beings – that doctrine believe and cling to,and
take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC),
Share and then share again, why would you not want prosperity?

“Brexit, to deliver a democratic, accountable, and realistic New Deal “

June 26, 2016

“Brexit, to deliver a democratic, accountable, and realistic New Deal ”
“The European Union has sowed the wind. It may reap the whirlwind. Unless it moves, and quickly, not merely to assert a hollow “unity” but to deliver a democratic, accountable, and realistic New Deal – or something very much like it – for all Europeans.” James Galbraith.
https://urpe.wordpress.com/2016/06/25/the-day-after-james-galbraith-on-brexit/

“Brexit, to deliver a democratic, accountable, and realistic New Deal ”
THE “BREXIT” SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.
ONE SENTENCE -A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS(THE PEOPLE), LENDS IT AND CHARGES INTEREST (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO LEGISLATORS TO USE FOR THE BETTERMENT OF ALL.
READ MORE: by Justaluckyfool http://bit.ly/MlQWNs

Justaluckyfool, “..Capitalism is the best system to date devised by mankind. As it is administrated, perhaps, is where the ‘flaw’ is manifested. If capitalism used its Central Bank properly, with honesty, accountability and transparency for the betterment of the common good, with equality and justice for all, capitalism could be one of the greatest achievements of mankind.”

Quote Soddy,
“… money has become the life-blood of
the community, and for each individual a veritable
licenseto live at all. ” SODDY.
… unless and until the barriers that oppose the free and full distribution of wealth from the producer to the
ultimate user and consumer are broken down and the flow of wealth again fulfils the purpose for
which men have striven to create it. Since, in all monetary civilizations, it is money that alone can effect
the exchange of wealth and the continuous flow of goods and services throughout the nation, money has
become the life-blood of the community, and for each individual a veritable license to live at all.”
Free download-“The Role Of Money” by Frederick Soddy
https://archive.org/…/rol…/roleofmoney032861mbp_djvu.txt ;
PositiveMoney

Dear Carmen,
There have been three big exciting breakthroughs in the last two weeks, which have been overlooked in all the focus on Brexit*, so we wanted to share the good news.
These breakthroughs involve three of the world’s most powerful central banks: the Bank of England, the US Federal Reserve and the European Central Bank.

1) Bank of England
Screenshot 2016-06-23 09.49.04.pngThe Bank of England has announced that it will be adopting a policy change that Positive Money has been arguing for over the last 2 years.
The BoE will finally allow non-bank ‘payment service providers’ to hold accounts at the Bank of England, so that they can compete with existing banks to provide current (checking) accounts.
This might sound like a minor technical change, but it could lead to a profound shift in the financial system. It will reduce the power of banksand expose them to competition in payment services. The financial technology (fintech) firms can then show that payments accounts can be provided cost-effectively without the power to create money.
It will be then much easier to campaign for stopping banks from creating money completely.
This is a huge step in the right direction and a big win for Positive Money research team and for the campaign! Read more about it here.
And please share this news on facebook and twitter.

2) US Federal Reserve
Screen Shot 2016-06-22 at 10.53.30.png
The Chairwoman of the US Federal Reserve, Janet Yellen, said that they ‘might legitimately consider’ using Public Money Creation.
Public Money Creation, using central bank money to directly finance spending in the real economy, has been taboo for over fifty years.
This is a massive step forward for the campaign as credibility for this idea grows among central bankers. Read more about it here.
Share on facebook and twitter.

3) European Central Bank
QE4P_ECB open letter 2.jpg
A group of 18 Members of the European Parliament have signed an open letter to the President of the ECB, Mario Draghi, calling on the ECB to study the viability and implementation of helicopter money (a type of public money creation).
The letter, which was reported in the Financial Times, encourages the ECB to carry out a full and in-depth analysis of alternative policies to quantitative easing. Read more about it here.
You can help spread this exciting news by sharing this on facebook andtwitter.

* What does Brexit mean for monetary reform in the UK? Read here.

Best wishes,

Ben and the rest of the Positive Money team
http://www.positivemoney.org
**********************
https://rwer.wordpress.com/2016/06/25/in-the-wake-of-brexit-will-the-eu-finally-turn-away-from-austerity/

“This bleak economic performance was not dictated by the gods. It was the result of the conscious decision by the EU leadership to turn toward austerity in 2010, long before the economy was close to having recovered. Rather than using fiscal policy to steer economies toward full employment and address needs in infrastructure, clean energy, education and health care, the EU leadership demanded that governments move toward balanced budgets. This meant cutbacks in spending and tax increases that worsened and prolonged the downturn.”

Carmen Basilovecchio (@justaluckyfool) REPLY:
June 25, 2016 at 11:33 pm

**So why stay ?
**So why trade with any country that can’t pay its present credit, let alone its future credit?
“In short, there is no argument against spending more money to both boost growth to create jobs and meet real needs.”
**OMG, Can the Bank Of England do just that ?
“The proper response to the Brexit vote would be for the (NO,NO, read UK…not ) EU leadership to finally embrace reality and adopt an economic policy that will push the continent toward stronger growth and full employment. If it goes this path, the rest of the EU will (delete… not), be anxious to follow the UK’s lead.”
**This could be the first step for the EU toward solidarity with its members…
IF only they understood, Quote SODDY, “… every monetary system must at long last conform, if it is to fulfil its proper role as the distributive mechanism of society.”… unless and until the barriers that oppose the free and full distribution of wealth from the producer to the
ultimate user and consumer are broken down and the flow of wealth again fulfils the purpose for which men have striven to create it. Since, in all monetary civilizations, it is money that alone can effect the exchange of wealth and the continuous
flow of goods and services throughout the nation, money has become the life-blood of
the community, and for each individual a veritable licence to live at all.”
Free download-“The Role Of Money” by Frederick Soddy
https://archive.org/stream/roleofmoney032861mbp/roleofmoney032861mbp_djvu.txt
****************

https://rwer.wordpress.com/2016/06/26/brexit-the-day-we-entered-the-eye-of-the-maelstrom/#comment-109994

Carmen Basilovecchio (@justaluckyfool)
June 26, 2016 at 5:59 pm
Reply

Quote, “In the US, Trump is the analogue “exit” candidate. His rise is the logical outcome of thirty years, during which Republicans used dog-whistle racism and the culture war to smuggle through their neoliberal economic agenda that has wrought the destruction of shared prosperity. Democrats resisted racism and the culture war, but were complicit in the promotion of neoliberalism.

The lesson for the Clinton campaign is it must move beyond rhetoric criticizing neoliberalism and adopt serious remedies that tackle its legacy of inequality, economic insecurity and loss of hope. Neoliberalism is the ultimate cause of the establishment’s rejection. Racism, immigration and nationalism may be the match for the anti-establishment fire: wage stagnation and off-shoring of jobs are the fuel.”
Justaluckyfool asks, “Why would you not embrace your own conclusions ?
BREXIT IS A GOOD MEANS TO FORM A BETTER UNION FOR THE PEOPLE to
.”.. adopt serious remedies that tackle its legacy of inequality, economic insecurity and loss of hope.”

“The proper response to the Brexit vote would be for the (NO,NO, read UK…not ) EU leadership to finally embrace reality and adopt an economic policy that will push the continent toward stronger growth and full employment. If it goes this path, the rest of the EU will (delete… not), be anxious to follow the UK’s lead.”
**This could be the first step for the EU toward solidarity with its members…
IF only they understood, Quote SODDY, “… every monetary system must at long last conform, if it is to fulfil its proper role as the distributive mechanism of society.”… unless and until the barriers that oppose the free and full distribution of wealth from the producer to the
ultimate user and consumer are broken down and the flow of wealth again fulfils the purpose for which men have striven to create it. Since, in all monetary civilizations, it is money that alone can effect the exchange of wealth and the continuous
flow of goods and services throughout the nation, money has become the life-blood of
the community, and for each individual a veritable licence to live at all.”
Free download-“The Role Of Money” by Frederick Soddy
https://archive.org/stream/roleofmoney032861mbp/roleofmoney032861mbp_djvu.txt

“In short, there is no argument against spending more money to both boost growth to create jobs and meet real needs.”
**OMG, Can the Bank Of England do just that ?
justaluckyfool@aol.com