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“INEQUALITY and POVERTY REDUCTION ADJUSTMENT PROGRAM” ( I.P.R.A.P. )

November 3, 2017

SEVENTY percent of the people believe the American economy is rigged. And they’re right.
EIGHTY percent of the people desire a change, a revolution. And they’re right.
History has allowed an opportunity for “AMERICA TO MAKE ITSELF GREAT AGAIN.”
We must mandate a reversal of “… an economic recovery program that has… fueled the increase in wealth inequality…”
Reverse that program, make the money FLOW to “…help 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,…”
“Yes, We Can Lower Taxes, Pay Off The Debt, And At The Same Time Increase Revenue.”
IMMEDIATE STEP:

“INEQUALITY and POVERTY REDUCTION ADJUSTMENT PROGRAM”
( I.P.R.A.P. )

Capitalism demands inequality as a just proportional reward.
It is the size of the “Gaps” where the administration of inequality becomes distorted.
The size of the ‘Gaps’ are a demand of the administration of the quality and quantity of these ‘gaps’.
Taxation is a ways and means by which a government controls the quality and quantity of its currency already in circulation. Currency that it can redistribute without changing the quality or quantity of the entire currency.
American Capitalism should allow everyone to achieve
‘The American Dream’ and to retain that “Fair Share”.
But that dream should not impede the poor and elderly from achieving their FAIR SHARE.
Nor should it impede the risk and reward which will ultimately lead to a betterment for all.
A federal taxation of personal income must recognize the sanctity of “The fruits of mankind’s labor”
A federal taxation of personal income should be used to control the distribution of income to obtain a fair and just sharing of the American Dream, a just and fair sharing of the worlds riches while maintaining the greatest standard of living. Federal taxation is a control function.
“Inequality and Poverty Reduction Adjustment Program” ( I.P.R.A.P. )
“THE NEW ONE PAGE:Federal Personal Income Tax: 2018”
Brackets & Rates for Joint filers with:
GROUP ONE- income less than $100,000:
GROUP TWO- income more than $100,000 but less than $225,000:
GROUP THREE-income more than $225,000:
*Brackets for single filers are ½ of these amounts.
ALL income is taxable and must be reported.
All income is to be taxed at the same rate-30%.
NO exemptions. NO loopholes.Period.
Deductions:
This plan will increase the standard deduction for joint filers to $80,000,
and the standard deduction for single filers will be $40,000.
Tax must be paid, any claim of injustice may be filed for a proportional refund, if approved, it shall become a tax credit in the next year.

What Congress does with the revenue received from this taxation becomes the  issue.

How Congress decides as the result of conscious decisions by those in power; how this revenue is  to be redistributed will determine the change in the “gaps” of inequality, either an increase or a decrease.

When 100% of this revenue is redistributed to the lower 80%: will can claim to make the money FLOW to “…help 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,…”
***The Tax Group One:
A… will receive a 8% distribution to replace their losses caused by sales taxes which are a detriment to their ‘standard of living’. This 8% will also replace any Social Security loss.The rebate will help grow our economy as well as allow wage earners to keep their share of the American Dream and raise the standard of living.
Refundable Tax credits that become ‘overages’ will become an immediate cash refund.
B… will receive a ‘take home’ pay increase.There will be no FICA payment taken out of their pay.This is at ZERO cost to production (The minimum wage concept would cost jobs as well as increase production cost). This merely places what was earned into their paycheck; it is the F.I.C.A. that was withheld from them; now going directly into their take home pay.
C… VETERANS WHO SERVED; DESERVE a direct lifetime annual refundable tax credit of $3000.

D… All remaining revenue shall be turned over to Social Security and Medicare.
( I.P.R.A.P. ) will create a direct increase in wages, an increase in Social Security, a direct increase
in income to more than 80% “of the people.” and it will be done “along with a
reduction in National Debt”.
We must mandate that the Executive branch and the Legislative branch,
Reverse an economic privileged program that has lead to increases in wealth inequality.
Reverse that program, make the money FLOW to “…help 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,…”

“Inequality and Justice For All”…FULL TEXT:
(https://ofdollarsanddata.com/inequality-and-justice-for-all-the-future-of-economic-outcomes-in-the-u-s-5b60e051be4d )
The Future of Economic Outcomes in the U.S.
This week I want to discuss what I believe will be the most important economic issue in the coming decades: income and wealth inequality.
However, before I dive into this, I want to emphasize that inequality by itself is not necessarily a bad thing. In the U.S. most people support some level of inequality to reward those who work hard, take financial risks (i.e. starting a business), or get lucky. This is true as long as there is equality of opportunity (i.e. everyone starts at the same place). The problem is that everyone does not start at the same place though we would like to think they do. Putting this aside, the big question is: should we have a mechanism in place to prevent extreme levels of inequality, even if everyone does start off equally?
If you haven’t read or heard much on income/wealth inequality, I highly recommend watching this video to understand how unequal wealth has gotten within the U.S. If you don’t have time for the video, this chart will do (from this article):

As you can see that the top 1% has seen a huge increase in the share of national income while the bottom 50% have seen a decrease in their share. However, this is for total income. If we were to look at specific kinds of income and assets in the U.S. more generally, we would see a clearer picture of what is driving inequality. Using the Survey of Consumer Finances data I looked at the inequality across households for various financial metrics (i.e. Net Worth, Assets, Dividend Income, etc.). I found that though income inequality is getting worse, financial assets exhibit far more inequality:

The y-axis here is an inequality measure (a Gini coefficient calculated using the household weights from the Survey of Consumer Finances). As you can see income from financial assets exhibits far more inequality than traditional wage income. This data aligns with a Bloomberg article that discusses some of the main drivers of recent inequality including: an increased share of capital income compared to labor income and rising concentrations of capital.
Essentially, technological changes have given the owners of capital a bigger share of the gains than the individuals using that capital. This is why business owners are getting rich while employees are not, though employees are far more productive than they used to be (see my article on productivity here). One solution is to get more individuals to have more ownership of capital (i.e. businesses, stocks, etc.), which is easier said than done.
So inequality is increasing, but what’s the big deal? Simply: large enough relative differences in income/wealth can lead to civil unrest. Yes I am talking about “grabbing the pitchforks” among other things. You might think I am crazy for suggesting this as a possibility, then what do you think about the Silicon Valley elite who have already started preparing for this scenario? I think as a nation we need to realize that even with equality of opportunity, we need to have some mechanism in place to prevent extreme levels of inequality if current trends continue. The Giving Pledge which has the support of many top billionaires is a start, but I don’t think this will be enough, especially with the current tax proposals being considered in Washington.
Equality and Justice For All: Do Any Solutions Exist?
Given where we are today, do any solutions exist to slow or reverse rising inequality? One possibility, which almost never discussed by the media/politicians, is raising the capital gains tax. One study attributed most of the changes in inequality to lowered capital gains taxes in recent decades.
The counter argument against increased capital gains taxes is that they lower incentives for investment and harm economic growth. However, there seems to be no empirical evidence of this. In a testimony by Leonard E. Burman in 2012, Burman found that there was no significant correlation between the capital gains tax and economic growth in the U.S:

Now, even if we increased the capital gains tax, this does not address how to increase the income/wealth of lower classes. Capital gains is a way to slow the rich down, but it won’t necessarily speed up the poor. For this reason I don’t like this solution that much.
A better solution that also addresses the imbalance in financial asset ownership was proposed in a book by Jerry Kaplan. The idea is to set a company’s corporate tax rate based upon the number of people that would benefit from ownership. Therefore, those companies that have wider distribution of ownership would be taxed less than companies with concentrated ownership. This would provide an advantage in the marketplace to those companies that are owned most equitably by the most number of people. I personally think it is a fantastic idea in theory, though it may be difficult in practice and can likely be gamed.
One final caveat on this discussion is that inequality is not static. The people in the top 1% percent of income in one year are not all the same people in the next year. There is some level of income mobility in the U.S. as this New York Times article discusses how “12 percent of of the population will find themselves in the top 1 percent of the income distribution for at least one year” and “56 percent will find themselves in the top 10 percent.”
I hope you enjoyed thinking about some of these issues as I am unsure myself on how we can solve them. Please comment if you have any thoughts on this, I would love to hear them. I don’t know what the future holds, but I hope it isn’t pitch forks.
Thank you for reading! If you liked this post, please consider clicking that green heart on the left or sharing on Twitter, Facebook, or LinkedIn. Follow me here for future stories.
This is post 10. Any and all code I have related to this post can be found here with the same numbering: https://github.com/nmaggiulli/of-dollars-and-data
Disclaimer
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. The postings on this site are my own and do not necessarily reflect the views of my employer.
EconomicsInequality

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Make Affordable Healthcare – Affordable.

October 20, 2017

Healthcare-FIX IT : Make It Affordable!

PROPOSAL TO FIX “The Affordable Health Care Act”
Different health insurance provides different levels of financial protection and the scope of coverage can vary widely, with more than 40 percent of insured individuals reporting that their plans do not adequately meet their needs as of 2007.[2]
The share of Americans without health insurance has been cut in half since 2013. Many of the reforms instituted by the Affordable Care Act of 2010 were designed to extend health care coverage to those without it; however, high cost growth continues unabated.[3] National health expenditures are projected to grow 4.7% per person per year from 2016–2025. Public healthcare spending was 29% of federal mandated spending in 1990, 35% in 2000, and is projected to be roughly half in 2025.[4]
The problem is… HIGH COST GROWTH CONTINUES UNABATED..
As Einstein said, “Make it simple”.’Make the “Affordable Care”, simply ‘AFFORDABLE.’
REDUCE the cost of coverage, paperwork, prescriptions, and services.
REVERSE the legislated entitlement for specific companies to compete in political influence using political power for maximizing profit and protecting markets. Change the direction to one in which companies compete on price, quality and good service.
The Solution:
1…Repeal- the ‘insurance’ exception to the Sherman Antitrust Act,Clayton Act, and Federal Trade Commission Act.
2…Repeal- the ban on re-importation of drugs and Medicare bulk negotiating on drugs.
****************
“The Federal Affordable Health Care Act (2017)”
Legislate an addendum :
“All participants will be required to use the ‘Federal Affordable Health Care Act Claim Form’
for all and any services, this contract is a business contract that will be subjected to all laws regarding interstate commerce and fair trade,
specifically The Sherman Antitrust Act, The Clayton Antitrust Act, and Federal Trade Commission Act.
This act shall:
1…Repeal- the ‘insurance’ exception to the Sherman Antitrust Act,Clayton Act, and Federal Trade Commission Act.
2…Repeal- the ban on re-importation of drugs and Medicare bulk negotiating on drugs.
*****************
SIMPLE PRECISION SURGERY! One clean stroke that will immediately reduce health care cost and health care premiums.Period.
LET THE PEOPLE KNOW THE NAMES OF LEGISLATORS THAT REPRESENT THEM,  AT THE SAME TIME THE NAMES OF THOSE WHO DON’T.
A PEOPLE POWER REVOLUTION:
“This is your day. This is your celebration. And this, the United States of America, is your country. What truly matters is not which party controls our government, but whether our government is controlled by the people. …(A) nation exists to serve its citizens. “(President TRUMP)
“Today’s ceremony, however, has a very special meaning because today we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington, D.C., and giving it back to you, the people.”
Begin today, together- your voices, your power will make America Great Again.
At every meeting, on every corner exercise your right, your duty to your country. Mandate that your representatives ‘Work For You’… ” to form a more perfect Union, establish Justice, ensure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”(Quote from President Trump’s Inaugural Speech (February 28, 2017)
“First they will ignore you,then they ridicule you, then they fight you, and then you win.”(Gandhi’s famous quote)
The greatest challenge to overcome 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.”
Hundreds of millions will be spent to keep the system rigged.
Hundreds of millions will be spent to keep the status quo.
Now the pressure will be placed on you.
YOU MUST STAND FIRM.
“The COUNTRY is controlled by LAWS. LAWS are controlled by POLITICIANS.
POLITICIANS are controlled by VOTERS. VOTERS are controlled by PUBLIC OPINION.
PUBLIC OPINION is controlled by the MEDIA & EDUCATION,
so whoever controls MEDIA & EDUCATION, controls the COUNTRY.”
( William J. Federer, Change to Chains, The 6,000 Year Quest for Control)
IT’S YOUR MESSAGE THAT MATTERS. PERIOD.
It is about the future, your children’s, and their children’s future are now in your hands.
No matter what has been said or done you and you alone shall record history; not a political party.
It is the People’s will to govern; not to be governed by political power.
Tell yourself, “This is the moment of truth. I have been pounded and battered by this rigged system;
‘enough is enough’.
Now at this moment I have the power to change this system.”
When Clinton and Obama spoke about “an attack on our basic democracy” did you ever think they could be talking about your own political party as “an attack on our basic democracy”. That your political party would usurp the power of your vote and use it for their own ‘special interest’?
“Since the 2016 election demonstrated the bankruptcy of the professional political classes and led to the election of an upstart outsider, friction between him and the establishment will continue to rock the US polity. Depending on how this relationship fares, and thus on how important it remains for him to secure his working class base for 2020, the distance between Trump’s politics of power and support will widen or narrow.”(http://www.counterpunch.org/2017/02/10/decoding-trump/)
There are but two choices.
1.Continue in this legislated Servitude, or
2. Legislate Prosperity “For the People”.
Divided, We the People shall fail. United, We the People shall prevail to govern; not be governed.
TRUMP’s PLEDGE to you,
“Every day I wake up determined to deliver a better life for the people all across this nation that have been ignored, neglected and abandoned.” -DJT ” I will outline my full economic plan, which is completely paid for through economic growth and proposed federal budget savings. Together, our tax, trade, regulatory, and energy policies will add trillions in new deficit-lowering growth.
These are the kinds of solutions I want to bring to the White House as your President. It’s time to free ourselves from the baskets that politicians try to put us in, and instead to work together – not as Republicans or Democrats – but as Americans, to achieve real, positive results for the American people. … I call you, hard-working American Patriots who love your country, love your families, and want a better future for all Americans.
It’s time to end the rule of special interests, and to begin the rule of the American people.
It’s time to stop fighting over the smallest words, and to start dreaming about the great adventures that lie ahead.
It is time to Believe In America. Together, We Will Make Our Country Strong Again.”
We Will Make Our Country Prosperous Again. And Will Make Our Country Great Again For Everyone!
Thank you!” (President Trump)
Maybe, perhaps as AMERICANS, “IN GOD WE TRUST”
Maybe, perhaps as AMERICANS, “WE THE PEOPLE WILL GOVERN FOR THE BETTERMENT OF ALL.”
—–Original Message—– justaluckyfool@aol.com Where we went wrong. How the  “PEOPLE POWER” was usurped.
***** “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), Hindu Prince, founder of Buddhism.
Health insurance in the United States From Wikipedia, the free encyclopedia
For details about the number of uninsured persons, see Health insurance coverage in the United States.
Main articles: Health insurance, Insurance in the United States, and Health care in the United States
In the United States, health insurance is any program that helps pay for medical expenses, whether through privately purchased insurance, social insurance or a social welfare program funded by the government.[1]
In a more technical sense, the term is used to describe any form of insurance that provides protection against the costs of medical services. This usage includes private insurance and social insurance programs such as Medicare, which pools resources and spreads the financial risk associated with major medical expenses across the entire population to protect everyone, as well as social welfare programs such as Medicaid and the State Children’s Health Insurance Program, which provide assistance to people who cannot afford health coverage.
In addition to medical expense insurance, “health insurance” may also refer to insurance covering disability or long-term nursing or custodial care needs.
FOR DUE EXAMINATION AND ANALYSIS.
***** Reduce paperwork cost::
Cutting out the paperwork can save 30 percent on the cost of insurance. According to a May 2016 post by Physicians for a National Health Program:
Per capita, the U.S. spends three times as much for health care as the U.K., whose taxpayer-funded National Health Service provides health care to citizens without additional charges or co-pays. In 2013, U.S. taxpayers footed the bill for 64.3 percent of U.S. health care — about $1.9 trillion. Yet in the U.S. nearly 30 million of our citizens still lack any form of insurance coverage.
***** REDUCE PRESCRIPTION DRUGS COST::
The for-profit U.S. health care system is corrupt, dysfunctional and deadly. In Canada, only 1.5 percent of health care costs are devoted to administration of its single-payer system. In the U.S., 31 percent of health care expenditures flow to the private insurance industry. Americans pay far more for prescription drugs. Last year, CNN reported, Americans paid nearly 10 times as much for prescription Nexium as it cost in the Netherlands.
*********
The Medicare Prescription Drug, Improvement, and Modernization Act,[1] also called the Medicare Modernization Act or MMA, is a federal law of the United States, enacted in 2003.[2] It produced the largest overhaul of Medicare in the public health program’s 38-year history.
The MMA’s most touted feature is the introduction of an entitlement benefit for prescription drugs, through tax breaks and subsidies.
In the years since Medicare’s creation in 1965, the role of prescription drugs in patient care has significantly increased. As new and expensive drugs have come into use, patients, particularly senior citizens at whom Medicare was targeted, have found prescriptions harder to afford. The MMA was designed to address this problem. The benefit is funded in a complex way, reflecting diverse priorities of lobbyists and constituencies.
It provides a subsidy for large employers to discourage them from eliminating private prescription coverage to retired workers (a key AARP goal);
It prohibits the federal government from negotiating discounts with drug companies;
It prevents the government from establishing a formulary, but does not prevent private providers such as HMOs from doing so.
#### At its most basic level, a formulary is a list of medicines.[1] Traditionally, a formulary contained a collection of formulas for the compounding and testing of medication (a resource closer to what would be referred to as a pharmacopoeia today). Today, the main function of a prescription formulary is to specify particular medications that are approved to be prescribed at a particular hospital, in a particular health system, or under a particular health insurance policy. The development of prescription formularies is based on evaluations of efficacy, safety, and cost-effectiveness of drugs.
Depending on the individual formulary, it may also contain additional clinical information, such as side effects, contraindications, and doses.
By the turn of the millennium, 156 countries had national or provincial essential medicines lists and 135 countries had national treatment guidelines and/or formulary manuals.
Legistrative history
According to the New York Times December 17, 2004 editorial W.J.”Billy” Tauzin, the Louisiana Republican who chaired the Energy and Commerce Committee from 2001 until February 4, 2004 was one of the chief architects of the new Medicare law.[6][7] In 2004 when Tauzin was appointed as chief lobbyist for the Pharmaceutical Research and Manufacturers of America (PhRMA), the trade association and lobby group for the drug industry with a “rumored salary of $2 million a year,”[6] drawing criticism from a Washington-based Public Citizen, the consumer advocacy group. They claimed that Tauzin “may have been negotiating for the lobbying job while writing the Medicare legislation.”[7][8]
“It’s a sad commentary on politics in Washington that a member of Congress who pushed through a major piece of legislation benefiting the drug industry, gets the job leading that industry.” — Public Citizen President Joan Claybrook 2004
“I think if seniors want to know why the pharmaceutical companies made out so well at their expense, all they have to do is look at this. This is an abuse of power. This is a conflict of interest.” — House Democratic leader Nancy Pelosi 2004
******* REDUCE PREMIUM COST.
THIS IS “…  an abuse of power. This is a conflict of interest.”  
 
McCarran–Ferguson Act (category Insurance legislation)
“the business of insurance is not commerce, either intrastate or interstate” and that it “is notinterstate commerce or interstate trade, though it might
14 KB (1,697 words) – 15:08, 16 June 2017
The South-Eastern Underwriters case, however, involved the question whether the business of insurance was “interstate commerce” sufficient to allow Congressional regulation. The Supreme Court in United States v. South-Eastern Underwriters Association, 322 U.S. 533 (1944), 4-3 decision written by Justice Hugo Black, reversed the district court, holding that (1) the Sherman Act intended to cover the alleged acts of monopolization; and (2) that the transaction of insurance across state lines was “commerce among the states” which the Constitution permitted Congress to regulate.
Significance to U.S. health care reform in the 21st century[edit]
One aspect of Republican proposals for healthcare reform in the United States is allowing interstate competition for health insurance, potentially requiring modification of the McCarran–Ferguson Act.[21] In February 2010, the House of Representatives voted 406-19 to repeal the McCarran–Ferguson Act with regard to health insurance.[22]
****IT HAS NEVER SEEN DAYLIGHT SINCE.
Federal regulation of insurance[edit]
Nevertheless, federal regulation has continued to encroach upon the state regulatory system.[16] The idea of an optional federal charter was first raised after a spate of solvency and capacity issues plagued property and casualty insurers in the 1970s. This OFC concept was to establish an elective federal regulatory scheme that insurers could opt into from the traditional state system, somewhat analogous to the dual-charter regulation of banks. Although the optional federal chartering proposal was defeated in the 1970s, it became the precursor for a modern debate over optional federal chartering in the last decade.[20]
In 1979 and the early 1980s the Federal Trade Commission attempted to regulate the insurance industry, but the Senate Commerce Committee voted unanimously to prohibit the FTC’s efforts. President Jimmy Carter attempted to create an “Office of Insurance Analysis” in the Treasury Department, but the idea was abandoned under industry pressure.[21]
Over the past two decades, renewed calls for optional federal regulation of insurance companies have sounded, including the Gramm-Leach-Bliley Act in 1999, the proposed National Insurance Act in 2006 and the Patient Protection and Affordable Care Act (“Obamacare”) in 2010.[16]
In 2010, Congress passed the Dodd–Frank Wall Street Reform and Consumer Protection Act which is touted by some as the most sweeping financial regulation overhaul since the Great Depression. The Dodd-Frank Act has significant implications for the insurance industry. Significantly, Title V of created the Federal Insurance Office (FIO) in the Department of the Treasury. The FIO is authorized to monitor all of the insurance industry and identify any gaps in the state-based regulatory system. The Dodd-Frank Act also establishes the Financial Stability Oversight Council (FSOC), which is charged with monitoring the financial services markets, including the insurance industry, to identify potential risks to the financial stability of the United States.[16][22][23]
***Read more:
EXCERPTS:
“GRIFTOPIA” by Matt TaibbiChapter- ‘The Trillion-Dollar Band-Aid.’ Pages 173-206.
“What the near failure of Obamacare representedwas a colossally depressing truth about the American political system, which is our government is so dysfunctional that it can no longer even efficiently sell out to the private interests that actually run things in this country.”(P 174-175)
“Obamacare had been designed as a coldly cynical political deal: massive giveaways to Big Pharma in the form of monster subsidies, and an equally lucrative handout to big insurance… customers who would be forced to buy their products at artificially inflated, federally protected prices.”(P 175)
“…the way the American health system was drawn up. The system is designed to give regional insurers the power to coerce and intimidate customers… and also to force them to pay inflated rates.
This is thanks to one of the worst pieces of legislation in American history; a monster called the McCarran-Ferguson Act.” (P 181)
… which essentially invalidated… (US Supreme Court decision that insurance companies were subjected to anti trust federal rules and regulations.)
“Thus the insurance industry was given a permanent license to steal. (P 186)

PRES. TRUMP, IT’S TIME TO USE YOUR $16TRILLION CENTRAL BANK CREDIT CARD FOR THE BETTERMENT OF ALL AMERICAN CITIZENS!

October 4, 2017

Pres. TRUMP, IT’S TIME TO USE YOUR $16TRILLION CENTRAL BANK CREDIT CARD FOR THE BETTERMENT OF ALL AMERICAN CITIZENS!

It’s Time to go from T.I.N.A. (There Is No Alternative ) to T.A.R.A. (There Are Realistic Alternatives).  An immediate, seamless,non-disruptive overnight change from a debt ridden system to “A system of Smart Investments”.

WHY DONALD TRUMP, OMG, WHY ?
 
History has allowed (maybe, perhaps for the last time) only  one candidate to remain to accomplish this goal.
 One individual as POTUS.
 Yes, Donald J Trump ! 
 WHY, OMG, WHY TRUMP ? 
WHY DONALD TRUMP, OMG, WHY ? — Calvin Coolidge and Ben Franklin answer, why.
 
— Calvin   
 Coolidge’s answer.
 -“Nothing in this world can take the place of persistence. Talent will not. Nothing is more common than unsuccessful men with talent. Genius will not. Unrewarded genius is almost a proverb.  Education will not. The world is full of educated derelicts.   
 Persistence and determination alone are omnipotent.”
— Benjamin Franklin’s answer.

“Energy and persistence conquer all things.”

 
Millions realize;
… the economy is rigged,  justice system is rigged,  health care system is rigged.
All part of an economic system that is really just a rigged political system.
 
SEVENTY  percent of the people believe the American economy is rigged.
And they’re right.
EIGHTY percent of the people desire a change, a revolution.
And they’re right.
SEVENTY EIGHT percent of the workers live paycheck to paycheck.
They all demand better. 

Yes, President Donald J Trump,you can; no, you must , stand strong and reverse “… an economic recovery program that has privileged the recovery of financial markets and corporate profits has fueled the increase in wealth inequality, in the United States and across the world.”
Reverse that program, make the money FLOW to help “… 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,…”
‘Give the power back to the people.’
 
President Trump’s Inaugural Speech,
“This is your day. This is your celebration. And this, the United States of America, is your country. What truly matters is not which party controls our government, but whether our government is controlled by the people.   …(A)  nation exists to serve its citizens. “
“Today’s ceremony, however, has a very special meaning because today we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington, D.C., and giving it back to you, the people.”
 
It’s  TIME TO PRODUCE SYSTEMIC CHANGE-
President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’ 
 It is time for history to repeat. 
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.
 
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.
 
“In short, there is no argument against spending more money to both boost growth to create jobs and meet real needs.”
No longer shall we listen to the outcry ,
“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”
 
“WE THE PEOPLE”
– DEMAND: MORE “FOR THE PEOPLE, BY THE PEOPLE, OF THE PEOPLE.” .
– DEMAND: An economic solution to long term problems that will improve standards of living today and for future generations.
-DEMAND: FIRPA For Infrastructure, FIRPA For Disaster Relief, FIRPA For The General Welfare.
 
 
 “Give The Power Back To The People”. It’s time to rewrite the rules. Increase…..Wages, Jobs, Standard Of Living. Decrease…..National Debt, Poverty, Inequality Gaps.
“FEDERAL INCOME REVENUE PRODUCING ASSETS”
 ( FIRPA )
 
FIRPA-produces a positive stream of tax revenue to be used for Congressional appropriations.
FIRPA- a simple plan, allowing a line of credit for Public State Banks to acquire funds. PUBLIC  STATE BONDS FOR INFRASTRUCTURE, SECURITY, DISASTER RELIEF. Production of  CLEAN WATER, CLEAN AIR, CLEAN ENERGY.

“As Nobel prize-winning economist Joseph Stiglitz, former senior vice president of the World Bank, explains:

. . . [W]hen the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times.

The result of that is that the economy grows by a multiple of the initial spending, and public finances turn out to be stronger: as the economy grows, fiscal revenues increase, and demands for the government to pay unemployment benefits, or fund social programmes to help the poor and needy, go down. As tax revenues go up as a result of growth, and as these expenditures decrease, the government’s fiscal position strengthens.”

As Einstein said, “Make it simple”, to help form a more perfect union…….(W)hen the CENTRAL BANK LENDS more and invests in the economy…

“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)

It’s Time to go from T.I.N.A. (There Is No Alternative ) to T.A.R.A. (There Are Realistic Alternatives). An immediate, seamless,non-disruptive overnight change from a debt ridden system to “A system of Smart Investments”.

 
    ASK, “WHY HAS THIS NOT BEEN DONE ?”
    The answer is already known by Obama,but he decided to stay with the rigged system.
    As Obama said (almost 7 years ago), (12/11/11 “60 MINUTES)”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.”
Yes, you can lower federal personal income taxes, lower federal corporate profit taxes, and lower deficit spending all at the same time. Period. It’s simple, “…get the money from somewhere else.”
YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.
 
OPEN ALL DOORS:::::
The U.S. Constitution, “Congress shall have power . . . to borrow money on the credit of the United States.”
Translated: Congress has the right to “borrow” real money from the community with no obligation to pay interest, however, since ‘borrowed’ it must be returned.
 
Trillions can be ‘borrowed’ to create purchases of “FEDERAL  INCOME REVENUE PRODUCING ASSETS (FIRPA ). 
The Fed has already proven that it can do this; with a profit to the US Treasury  and with no increase in the debt (it is an asset purchase).
Trillions have been spent to help banks and business,isn’t it time to help the people?
The first ever GAO audit of the Federal Reserve was carried out What was revealed in the audit was startling:
$16,000,000,000,000 (TRILLION)
had been secretly given out to US banks and corporations  and foreign banks everywhere from France to Scotland. From the period between December 2007 and  June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations,  and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, 
but virtually none of the money has been returned and it was loaned out at 0% interest.
Read the names, addresses and amounts given away.
 
 
SO HOW WILL THE STATES PAY OFF THESE FIRPA BONDS ?
 SO MANY WAYS:
…Collect tolls
…Sell clean energy
…Finance disaster repairs @ 1% for 20 yrs.
…Collect sale taxes, etc.
 
 
    PRESIDENT TRUMP, OPEN THE DOOR TO A LEGACY TO BE ONE OF THE GREATEST PRESIDENTS OF ALL TIME.
The U S Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…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,…”
 
President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’ 
 It is time for history to repeat. 
 Yes, Change TINA to TARA!
READ:
Posted on November 14, 2016 by Ellen Brown
“Donald Trump was an outsider who boldly stormed the citadel of Washington DC and won. He has promised real change, but his infrastructure plan appears to be just more of the same – privatizing public assets and delivering unearned profits to investors at the expense of the people. He needs to try something new; and for this he could look to Abraham Lincoln, whose bold solution was very similar to one now being considered in Europe: just print the money.
In Donald Trump’s victory speech after the presidential election, he vowed:
 
    We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.
 
It sounds great; but as usual, the devil is in the details. Both parties in Congress agree that infrastructure is desperately needed. The roadblock is in where to find the money. Raising taxes and going further into debt are both evidently off the table. The Trump solution is touted as avoiding those options, but according to his economic advisors, it does this by privatizing public goods, imposing high user fees on the citizenry for assets that should have been public utilities.
Raise taxes, add to the federal debt, privatize – there is nothing new here. The president-elect  needs another alternative; and there is one, something he is evidently open to. In May 2016, when challenged over the risk of default from the mounting federal debt, he said, “You never have to default, because you print the money.” The Federal Reserve has already created trillions of dollars for the 1% by just printing the money. The new president could create another trillion for the majority of the 99% who elected him.”
“Time for Some Outside-the-box Thinking
That is the plan as set forth by Trump’s economic policy advisors; but he has also talked about the very low interest rates at which the government could borrow to fund infrastructure today, so perhaps he is open to other options. Since financing is estimated to be 50% of the cost of infrastructure, funding infrastructure through a publicly-owned bank could cut costs nearly in half, as shown here.
Better yet, however, might be an option that is gaining traction in Europe: simply issue the money. Alternatively, borrow it from a central bank that issues it, which amounts to the same thing as long as the bank holds the bonds to maturity. Economists call this “helicopter money” – money issued by the central bank and dropped directly into the economy. As observed in The Economist in May 2016:
The Federal Reserve has already bought $3.6 trillion in assets simply by “printing the money” through QE. When that program was initiated, critics called it recklessly hyperinflationary; but it did not create even the modest 2% inflation the Fed was aiming for. Combined with ZIRP – zero interest rates for banks – it encouraged borrowing for speculation, driving up the stock market and real estate; but the Consumer Price Index, productivity and wages 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 . . . . 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.
 
Boldness Has Genius in It
In a January 2015 op-ed in the UK Guardian, Tony Pugh observed:
 
    Quantitative easing, as practiced by the Bank of England and the US Federal Reserve, merely flooded the financial sector with money to the benefit of bondholders. This did not create a so-called wealth affect, with a trickle-down to the real producing economy.
    . . . If the EU were bold enough, it could fund infrastructure or renewables projects directly through the electronic creation of money, without having to borrow. Our government has that authority, but lacks the political will.
 
 
 
 
THE SOLUTION:(EIGHT WORDS)…
A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
THE SOLUTION IN LESS THAN 50 WORDS…
A REPUBLIC DEMOCRATIC CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES A FEE (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.
An Honest Central Bank (via Amend The Fed) being formed using PBI’s Public Bank System (51 public banks-50 states plus 1 for D.C  and  the United States’  sixteen territories).
Follow the money, make the money FLOW to “…help 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,…”

 

 

“IT’S TIME TO PRODUCE SYSTEMIC CHANGE-
TINA to TARA”
“FEDERAL INCOME REVENUE PRODUCING ASSETS” (FIRPA)
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.


FIRPA , a proven economic ‘golden bullet’.
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall invest in Public State Bank Bonds. (PSBB).
Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.(Total 51-including the District of Columbia, the Commonwealth of Puerto Rico, and all U.S. territories.
Each member (Public State Bank) will be entitled to issue
up to $2 billion/ electoral vote; D.C. shall be deemed to have three electoral votes (3) for this purpose. All bonds will have the same terms and conditions and will be available to the Federal Reserve for that year of issue.
All PSBB will have a term of 20 years with the payment conditions as follows:
Each dollar of face value will be sold at a twenty five percent (25%) discount as a service fee to the Fed.(This will allow the Fed to control the quality and quantity of the money issued.)
There will be no interest charges.
The entire bond will have 20 equal payments due each year.
The FIRPA BONDS will act as a line of credit: after each annual
payment; that amount will be available to each entity with the same terms and conditions.

FIRPA for Infrastructure Investment for a maximum of $2 Billion per electoral vote (740 X $2b). 

FIRPA for Disaster Relief  for a maximum of $2 Billion per electoral vote (740 X $2b). 
FIRPA for Homeland Security and Law Enforcement  for a maximum of $2 Billion per electoral vote (740 X $1).
 
Example (1):
CA will have a credit line of $110 billion available (55 X $2b).
The CA Public Bank will have the power to sell to the Fed Bank up to $137.5 billion
in FIRPA BONDS. Twenty year payment would be $6.8 billion per year.
Example (2):
 DC has $3 billion available ($1b X 3 Electoral votes).
The bond note will read  $4 billion with a $200 million annual payment for
20 years.

Each  “QE” (Helicopter Monet) purchase of $4 Trillion in Public State Bonds
with a face value of $5 trillion will produce a net income of $1 Trillion over 20 years!!!!

Money that is to be turned over to Congress to spend.
 
It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
 
Let this be our response to….

— 2016-2017,President Donald J Trump,“We are going to fix our inner cities and rebuild our highways, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”

ECB and EC officials claim that “there is no free lunch” and “no alternative,” says Prof. Werner. But there is an alternative, one that is cost-free to the people and the government.
—What was written in 1936 by Frederick Soddy (The Role Of Money), “Human aspirations toward progress may be taken for granted.Even in total eclipse they are not dead, but only latent…
Whereas men, with resources at their disposal ample to build up a civilization of a magnificence and liberality the world has never known… We have the science and the necessary equipment and organization…
(Y)ears of golden opportunity have been wasted.”

What will be our response to…
“… (M)oney has become the life-blood of
the community, and for each individual a veritable
license to live at all. ” Frederick Soddy.(The Role of Money. 1936)
… 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.”

 
YES,

It’s  TIME TO PRODUCE SYSTEMIC CHANGE-TINA to TARA.

“As Nobel prize-winning economist Joseph Stiglitz, former senior vice president of the World Bank, explains:

. . . [W]hen the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times.

The result of that is that the economy grows by a multiple of the initial spending, and public finances turn out to be stronger: as the economy grows, fiscal revenues increase, and demands for the government to pay unemployment benefits, or fund social programmes to help the poor and needy, go down. As tax revenues go up as a result of growth, and as these expenditures decrease, the government’s fiscal position strengthens.”

As Einstein said, “Make it simple”, to help form a more perfect union…….(W)hen the CENTRAL BANK LENDS more and invests in the economy…

“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)

Pres. TRUMP, IT’S TIME TO USE YOUR $16TRILLION CENTRAL BANK CREDIT CARD FOR THE BETTERMENT OF ALL AMERICAN CITIZENS!

Yes, your Persistence and Determination, President Donald Trump shall prevail to “Give the power back to the people” and  help

“…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,…”

HOW TO FUND $16 TRILLION “…to form a more perfect union…” without increase in debt or taxes.

October 4, 2017

How to Fund a Universal Basic Income Without Increasing Taxes or Inflation

The policy of guaranteeing every citizen a universal basic income is gaining support around the world, as automation increasingly makes jobs obsolete. But can it be funded without raising taxes or triggering hyperinflation? In a panel I was on at the NexusEarth cryptocurrency conference in Aspen September 21-23rd, most participants said no. This is my rebuttal.

In May 2017, a team of researchers at the University of Oxford published the results of a survey of the world’s best artificial intelligence experts, who predicted that there was a 50 percent chance of AI outperforming humans in all tasks within 45 years. All human jobs were expected to be automated in 120 years, with Asian respondents expecting these dates much sooner than North Americans. In theory, that means we could all retire and enjoy the promised age of universal leisure. But the immediate concern for most people is that they will be losing their jobs to machines.

That helps explain the recent interest in a universal basic income (UBI) – a sum of money distributed equally to everyone. A UBI has been proposed in Switzerland, trials are beginning in Finland, and there is a successful pilot ongoing in Brazil. The cities of Ontario in Canada, Oakland in California, and Utrecht in the Netherlands are planning trials; two local authorities in Scotland have announced such plans; and politicians across Europe, including UK Labour Party leader Jeremy Corbyn, have spoken in favor of the concept. Advocates in the US range from Robert Reich to Mark Zuckerberg, Martin Luther King, Thomas Paine, Charles Murray, Elon Musk, Dan Savage, Keith Ellison and Paul Samuelson.  A new economic study found that a UBI of $1000/month to all adults would add $2.5 trillion to the US economy in eight years.

Welfare can encourage laziness, because benefits go down as earned income goes up. But studies have shown that a UBI distributed equally regardless of income does not have that result. In 1968, President Richard Nixon initiated a successful trial showing that the money had little impact on the recipients’ working hours. People who did reduce the time they worked engaged in other socially valuable pursuits, and young people who were not working spent more time getting an education. Analysis of a similar Canadian trial found that employment rates among young adults did not change, high-school completion rates increased, and hospitalization rates dropped by 8.5 percent. Larger experiments in India have reached similar results.

Studies have also shown that it would actually be cheaper to distribute funds to the entire population than to run the welfare services governments engage in now. It has been calculated that if the UK’s welfare budget were split among the country’s 50 million adults, each of them would get £5,160 a year.

But that is not enough to cover basic survival needs in a modern economy. Taxes would need to be raised, additional debt incurred, or other programs slashed; and these are solutions on which governments are generally unwilling to embark. The other option is “qualitative easing,” a form of central bank quantitative easing in which the money flows directly into the real economy rather than simply into banks. In Europe, politicians are taking another look at this once-derided “helicopter money.” A UBI is being proposed as monetary policy that would stimulate productivity without increasing taxes. As Nobel prize-winning economist Joseph Stiglitz, former senior vice president of the World Bank, explains:

. . . [W]hen the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times.

The result of that is that the economy grows by a multiple of the initial spending, and public finances turn out to be stronger: as the economy grows, fiscal revenues increase, and demands for the government to pay unemployment benefits, or fund social programmes to help the poor and needy, go down. As tax revenues go up as a result of growth, and as these expenditures decrease, the government’s fiscal position strengthens.

Why “QE for the People” Need Not Be Inflationary

The objection  to any sort of quantitative easing in which new money gets into the real economy is that when the money supply grows too large and consumer prices shoot up, the process cannot be reversed. If the money is spent on a national dividend, infrastructure, or the government’s budget, it will be out circulating in the economy and will not be retrievable by the central bank.

But the government does not need to rely on the central bank to pull the money back when hyperinflation hits (assuming it ever does – it has not hit after nearly nine years and $3.7 trillion in quantitative easing). As Prof. Stiglitz observes, the money issued by the government will return to it simply through an increase in fiscal revenues generated by the UBI itself.

This is due to the “velocity of money” – the number of times a dollar is traded in a year, from farmer to grocer to landlord, etc. In a good economy, the velocity of the M1 money stock (coins, dollar bills, demand deposits and checkable deposits) is about seven; and each recipient will pay taxes on this same dollar as it changes hands. According to the Heritage Foundation, total tax revenue as a percentage of GDP is now 26 percent. Thus one dollar of new GDP results in about 26 cents of increased tax revenue. Assuming each of the seven trades is for taxable GDP, $1.00 changing hands seven times can increase tax revenue by $7.00 x 26 percent = $1.82. In theory, then, the government could get more back in taxes than it paid out.

In practice, there will be a fair amount of leakage in these returns due to loopholes and deductions for costs. But any shortfall can be made up in other ways, including closing tax loopholes, taxing the $21 trillion or more hidden in offshore tax havens, or setting up a system of public banks that would collect interest that came back to the government.

A working paper published by the San Francisco Federal Reserve in 2012 found that one dollar invested in infrastructure generates at least two dollars in “GSP” (GDP for states), and “roughly four times more than average” during economic downturns. Whether that means $4 or $8 is unclear, but assume it’s only $4. Multiplying $4 by $0.26 in taxes would return the entire dollar originally spent on infrastructure to the government, year after year. For precedent, consider the G.I. Bill, which is estimated to have cost $50 billion in today’s dollars and to have returned $350 billion to the economy, a nearly sevenfold return.

What of the inflation formula typically taught in economics class? In a May 2011 Forbes article titled “Money Growth Does Not Cause Inflation!”, Prof. John Harvey demonstrated that its assumptions are invalid. The formula is “MV = Py,” meaning that when the velocity of money (V) and the quantity of goods sold (y) are constant, adding money (M) must drive up prices (P). But as Harvey pointed out, V and y are not constant. As people have more money to spend (M), more money will change hands (V), and more goods and services will get sold (y). Demand and supply will rise together, keeping prices stable.

The reverse is also true. If demand (money) is not increased, supply or GDP will not go up. New demand needs to precede new supply. The money must be out there searching for goods and services before employers will add the workers needed to create more supply. Only when demand is saturated and productivity is at full capacity will consumer prices be driven up; and they are not near those limits yet, despite some misleading official figures that omit people who have quit looking for work or are working only part-time. As of January 2017, an estimated 9.4 percent of the US population remained unemployed or underemployed. Beyond that, there is the vast expanding potential of robots, computers and innovations such as 3D printers, which can work 24 hours a day without overtime pay or medical insurance.

The specter invariably raised to block legislators and voters from injecting new money into the system is the fear of repeating the notorious hyperinflations of history – those in Weimer Germany, Zimbabwe and elsewhere. But according to Professor Michael Hudson, who has studied the question extensively, those disasters were not due to government money-printing to stimulate the economy. He writes:

Every hyperinflation in history has been caused by foreign debt service collapsing the exchange rate. The problem almost always has resulted from wartime foreign currency strains, not domestic spending. The dynamics of hyperinflation traced in such classics as Salomon Flink’s The Reichsbank and Economic Germany (1931) have been confirmed by studies of the Chilean and other Third World inflations. First the exchange rate plunges as economies pay for foreign military spending during the war, and then – in Germany’s case – reparations after the war ends. These payments led the exchange rate to fall, increasing the price in domestic currency of buying imports priced in hard currencies. This price rise for imported goods creates a price umbrella for domestic prices to follow suit. More domestic money is needed to finance economic activity at the higher price level. This German experience provides the classic example.

In a stagnant economy, a UBI can create the demand needed to clear the shelves of unsold products and drive new productivity.  Robots do not buy food, clothing, or electronic gadgets. Demand must come from consumers, and for that they need money to spend. As robots increasingly take over human jobs, the choices will be a UBI or to let half the population starve. A UBI is not “welfare” but is simply a dividend paid for living in the 21st century, when automation has freed us to enjoy some leisure and engage in more meaningful pursuits.

____________________

Ellen Brown is an attorney, founder of the Public Banking Institute, a Senior Fellow of the Democracy Collaborative, and author of twelve books including Web of Debt and The Public Bank Solution. A 13th book titled The Coming Revolution in Banking is due out this fall. She also co-hosts a radio program on PRN.FM called “It’s Our Money.” Her 300+ blog articles are posted at EllenBrown.com.

  1. It’s Time to go from T.I.N.A. (There Is No Alternative ) to T.A.R.A. (There Are Realistic Alternatives).  An immediate, seamless,non-disruptive overnight change from a debt ridden system to “A system of Smart Investments”.
  2. It’s TIME TO PRODUCE SYSTEMIC CHANGE-

    President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’
    It is time for history to repeat.
    Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.

    Not a bailout.
    Not a cost to all the taxpayers.
    Not an increase in deficit spending.
    Rather a magic economic proven golden bullet.

    “In short, there is no argument against spending more money to both boost growth to create jobs and meet real needs.”
    No longer shall we listen to the outcry ,
    “WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”

    “WE THE PEOPLE”
    – DEMAND: MORE “FOR THE PEOPLE, BY THE PEOPLE, OF THE PEOPLE.” .
    – DEMAND: An economic solution to long term problems that will improve standards of living today and for future generations.
    -DEMAND: FIRPA For Infrastructure, FIRPA For Disaster Relief, FIRPA For The General Welfare.

    “Give The Power Back To The People”. It’s time to rewrite the rules. Increase…..Wages, Jobs, Standard Of Living. Decrease…..National Debt, Poverty, Inequality Gaps.

    “FEDERAL INCOME REVENUE PRODUCING ASSETS”
    ( FIRPA )

    FIRPA-produces a positive stream of tax revenue to be used for Congressional appropriations.
    FIRPA- a simple plan, allowing a line of credit for Public State Banks to acquire funds. PUBLIC STATE BONDS FOR INFRASTRUCTURE, SECURITY, DISASTER RELIEF. Production of CLEAN WATER, CLEAN AIR, CLEAN ENERGY.

    ASK, “WHY HAS THIS NOT BEEN DONE ?”
    The answer is already known by Obama,but he decided to stay with the rigged system.
    As Obama said (almost 7 years ago), (12/11/11 “60 MINUTES)”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.”
    Yes, you can lower federal personal income taxes, lower federal corporate profit taxes, and lower deficit spending all at the same time. Period. It’s simple, “…get the money from somewhere else.”
    YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.

    OPEN ALL DOORS:::::
    The U.S. Constitution, “Congress shall have power . . . to borrow money on the credit of the United States.”
    Translated: Congress has the right to “borrow” real money from the community with no obligation to pay interest, however, since ‘borrowed’ it must be returned.

  3. “FEDERAL INCOME REVENUE PRODUCING ASSETS”
    ( FIRPA )

    FIRPA-produces a positive stream of tax revenue to be used for Congressional appropriations.
    FIRPA- a simple plan, allowing a line of credit for Public State Banks to acquire funds. PUBLIC STATE BONDS FOR INFRASTRUCTURE, SECURITY, DISASTER RELIEF. Production of CLEAN WATER, CLEAN AIR, CLEAN ENERGY.

    ASK, “WHY HAS THIS NOT BEEN DONE ?”
    The answer is already known by Obama,but he decided to stay with the rigged system.
    As Obama said (almost 7 years ago), (12/11/11 “60 MINUTES)”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.”
    Yes, you can lower federal personal income taxes, lower federal corporate profit taxes, and lower deficit spending all at the same time. Period. It’s simple, “…get the money from somewhere else.”
    YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.

    OPEN ALL DOORS:::::
    The U.S. Constitution, “Congress shall have power . . . to borrow money on the credit of the United States.”
    Translated: Congress has the right to “borrow” real money from the community with no obligation to pay interest, however, since ‘borrowed’ it must be returned.

    Trillions can be ‘borrowed’ to create purchases of “FEDERAL INCOME REVENUE PRODUCING ASSETS (FIRPA ).
    The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
    Trillions have been spent to help banks and business,isn’t it time to help the people?
    The first ever GAO audit of the Federal Reserve was carried out What was revealed in the audit was startling:
    $16,000,000,000,000 (TRILLION)
    had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program,
    but virtually none of the money has been returned and it was loaned out at 0% interest.
    (http://uspatriot38.blogspot.com/2011/10/first-ever-gao-audit-) ;
    Read the names, addresses and amounts given away.

    SO HOW WILL THE STATES PAY OFF THESE FIRPA BONDS ?
    SO MANY WAYS:
    …Collect tolls
    …Sell clean energy
    …Finance disaster repairs @ 1% for 20 yrs.
    …Collect sale taxes, etc.

    Time for Some Outside-the-box Thinking
    It is time to go from TINA (There Is No Alternative )
    to TARA (There Are Realistic Alternatives)

    PRESIDENT TRUMP, OPEN THE DOOR TO A LEGACY TO BE ONE OF THE GREATEST PRESIDENTS OF ALL TIME.
    The U S Constitution has structured this union
    so that the Chief Executive Officer, CEO (The President)
    is responsible to its Board of Directors, BOD (The Congress)
    and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
    shall work together “…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,…”

    President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’
    It is time for history to repeat.
    Yes, Change TINA to TARA!

  4. THE SOLUTION:(EIGHT WORDS)…
    A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
    -ONE SENTENCE
    -A REPUBLIC DEMOCRATIC CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
    AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES A FEE (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.
    An Honest Central Bank (via Amend The Fed) being formed using PBI’s Public Bank System (51 public banks-50 states plus 1 for D.C plus the United States’ sixteen territories).
    Follow the money, make the money FLOW to “…help 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,…”

    “IT’S TIME TO PRODUCE SYSTEMIC CHANGE-
    TINA to TARA”
    “FEDERAL INCOME REVENUE PRODUCING ASSETS” (FIRPA)
    Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.

    FIRPA , a proven economic ‘golden bullet’.
    The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
    We must have Congress legislate that the Federal Reserve Bank shall invest in Public State Bank Bonds. (PSBB).
    Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.(Total 51-including the District of Columbia, the Commonwealth of Puerto Rico, and all U.S. territories.
    Each member (Public State Bank) will be entitled to issue
    up to $2 billion/ electoral vote; D.C. shall be deemed to have three electoral votes (3) for this purpose. All bonds will have the same terms and conditions and will be available to the Federal Reserve for that year of issue.
    All PSBB will have a term of 20 years with the payment conditions as follows:
    Each dollar of face value will be sold at a twenty five percent (25%) discount as a service fee to the Fed.(This will allow the Fed to control the quality and quantity of the money issued.)
    There will be no interest charges.
    The entire bond will have 20 equal payments due each year.
    The FIRPA BONDS will act as a line of credit: after each annual
    payment; that amount will be available to each entity with the same terms and conditions.

    FIRPA for Infrastructure Investment for a maximum of $2 Billion per electoral vote (740 X $2b).
    FIRPA for Disaster Relief for a maximum of $2 Billion per electoral vote (740 X $2b).
    FIRPA for Homeland Security and Law Enforcement for a maximum of $2 Billion per electoral vote (740 X $1).

    Example (1):
    CA will have a credit line of $110 billion available (55 X $2b).
    The CA Public Bank will have the power to sell to the Fed Bank up to $137.5 billion
    in FIRPA BONDS. Twenty year payment would be $6.8 billion per year.
    Example (2):
    DC has $3 billion available ($1b X 3 Electoral votes).
    The bond note will read $4 billion with a $200 million annual payment for
    20 years.

    Each “QE” (Helicopter Monet) purchase of $4 Trillion in Public State Bonds
    with a face value of $5 trillion will produce a net income of $1 Trillion over 20 years!!!!
    Money that is to be turned over to Congress to spend.

    It sounds great; but even more important, it not only pays for itself;
    it reduces national debt !

JUSTALUCKYFOOL@AOL

IT’S TIME FOR DISASTER RELIEF- IT’S TIME TO PLAY THE “TRUMP” CARD!

October 1, 2017
  • President Trump’s Inaugural Speech,

“This is your day. This is your celebration. And this, the United States of America, is your country. What truly matters is not which party controls our government, but whether our government is controlled by the people. …(A) nation exists to serve its citizens. ”

“Today’s ceremony, however, has a very special meaning because today we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington, D.C., and giving it back to you, the people.”

Yes, President Donald J Trump,you can; no, you must , do more ‘For The People’. Stand strong and reverse “… an economic recovery program that has privileged the recovery of financial markets and corporate profits has fueled the increase in wealth inequality, in the United States and across the world.”

Reverse that program, make the money FLOW to help “… 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,…”

*THE TRUMP CARD- ‘Give the power back to the people.’

PRESIDENT TRUMP, OPEN THE DOOR TO A LEGACY TO BE ONE OF THE GREATEST PRESIDENTS OF ALL TIME.

WHY DONALD TRUMP, OMG, WHY ?

History has allowed (maybe, perhaps for the last time) only one candidate to remain to accomplish this goal.

One individual as POTUS.

Yes, Donald J Trump !

WHY, OMG, WHY TRUMP ?

— Calvin

Coolidge’s answer.

-“Nothing in this world can take the place of persistence. Talent will not. Nothing is more common than unsuccessful men with talent. Genius will not. Unrewarded genius is almost a proverb. Education will not. The world is full of educated derelicts.

Persistence and determination alone are omnipotent.”

— Benjamin Franklin’s answer.

“Energy and persistence conquer all things.”

The U S Constitution has structured this union so that the Chief Executive Officer, CEO (The President)

is responsible to its Board of Directors, BOD (The Congress)

and with its Chief Compliance Office, CCO (The U.S. Supreme Court)

shall work together “…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,…”

It’s TIME TO PRODUCE SYSTEMIC CHANGE- 

President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’

It is time for history to repeat.

Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.

“Give The Power Back To The People”. It’s time to rewrite the rules. Increase-Wages, Jobs. Decrease- Debt, Poverty Gaps. And be able to pay for it !

Not a bailout.

Not a cost to all the taxpayers.

Not an increase in deficit spending.

Rather a magic economic proven golden bullet.

“In short, there is no argument against spending more money to both boost growth to create jobs and meet real needs.”

No longer shall we listen to the outcry ,

“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”

“WE THE PEOPLE”

– DEMAND: MORE “FOR THE PEOPLE, BY THE PEOPLE, OF THE PEOPLE.” .

– DEMAND: An economic solution to long term problems that will improve standards of living today and for future generations.

-DEMAND: FIRPA For Infrastructure, FIRPA For Disaster Relief, FIRPA For The General Welfare.

“FEDERAL INCOME REVENUE PRODUCING ASSETS”

( FIRPA )

FIRPA-produces a positive stream of tax revenue to be used for Congressional appropriations.

FIRPA- a simple plan, allowing a line of credit for Public State Banks to acquire funds. PUBLIC STATE BONDS FOR INFRASTRUCTURE, SECURITY, DISASTER RELIEF. Production of CLEAN WATER, CLEAN AIR, CLEAN ENERGY.

 ASK, “WHY HAS THIS NOT BEEN DONE ?”

  The answer is already known by Obama,but he decided to stay with the rigged system.

  As Obama said (almost 7 years ago), (12/11/11 “60 MINUTES)”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.”

Yes, you can lower federal personal income taxes, lower federal corporate profit taxes, and lower deficit spending all at the same time. Period. It’s simple, “…get the money from somewhere else.”

YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.

OPEN ALL DOORS:::::

The U.S. Constitution, “Congress shall have power . . . to borrow money on the credit of the United States.”

Translated: Congress has the right to “borrow” real money from its lawful owners that have entrusted their money to the Central Bank. Borrow with no obligation to pay interest, however, since ‘borrowed’ it must be returned.

Trillions can be ‘borrowed’ to create purchases of “FEDERAL INCOME REVENUE PRODUCING ASSETS (FIRPA ).

The Fed has already proven that it can do this; with a profit to the US Treasury  and with no increase in the debt (it is an asset purchase).

Trillions have been spent to help banks and business,isn’t it time to help the people?

The first ever GAO audit of the Federal Reserve was carried out What was revealed in the audit was startling:

$16,000,000,000,000 (TRILLION)

had been secretly given out to US banks and corporations  and foreign banks everywhere from France to Scotland. From the period between December 2007 and  June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations,  and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program,

but virtually none of the money has been returned and it was loaned out at 0% interest.

(http://uspatriot38.blogspot.com/2011/10/first-ever-gao-audit-) ;

Read the names, addresses and amounts given away.

SO HOW WILL THE STATES PAY OFF THESE FIRPA BONDS ?

SO MANY WAYS:

…Collect tolls

…Sell clean energy

…Finance disaster repairs @ 1% for 20 yrs.

…Collect sale taxes, etc.

Time for Some Outside-the-box Thinking

It is time to go from TINA (There Is No Alternative )

to TARA (There Are Realistic Alternatives)

President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’

It is time for history to repeat.

Yes, Change TINA to TARA!

IT IS TIME FOR DISASTER RELIEF AND INFRASTRUCTURE RELIEF!

READ:

Trump’s $1 Trillion Infrastructure Plan: Lincoln Had a Bolder Solution … 

Posted on November 14, 2016 by Ellen Brown

“Donald Trump was an outsider who boldly stormed the citadel of Washington DC and won. He has promised real change, but his infrastructure plan appears to be just more of the same – privatizing public assets and delivering unearned profits to investors at the expense of the people. He needs to try something new; and for this he could look to Abraham Lincoln, whose bold solution was very similar to one now being considered in Europe: just print the money.

In Donald Trump’s victory speech after the presidential election, he vowed:

We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.

It sounds great; but as usual, the devil is in the details. Both parties in Congress agree that infrastructure is desperately needed. The roadblock is in where to find the money. Raising taxes and going further into debt are both evidently off the table. The Trump solution is touted as avoiding those options, but according to his economic advisors, it does this by privatizing public goods, imposing high user fees on the citizenry for assets that should have been public utilities.

Raise taxes, add to the federal debt, privatize – there is nothing new here. The president-elect needs another alternative; and there is one, something he is evidently open to. In May 2016, when challenged over the risk of default from the mounting federal debt, he said, “You never have to default, because you print the money.” The Federal Reserve has already created trillions of dollars for the 1% by just printing the money. The new president could create another trillion for the majority of the 99% who elected him.”

“Time for Some Outside-the-box Thinking

That is the plan as set forth by Trump’s economic policy advisors; but he has also talked about the very low interest rates at which the government could borrow to fund infrastructure today, so perhaps he is open to other options. Since financing is estimated to be 50% of the cost of infrastructure, funding infrastructure through a publicly-owned bank could cut costs nearly in half, as shown here.

Better yet, however, might be an option that is gaining traction in Europe: simply issue the money. Alternatively, borrow it from a central bank that issues it, which amounts to the same thing as long as the bank holds the bonds to maturity. Economists call this “helicopter money” – money issued by the central bank and dropped directly into the economy. As observed in The Economist in May 2016:

The Federal Reserve has already bought $3.6 trillion in assets simply by “printing the money” through QE. When that program was initiated, critics called it recklessly hyperinflationary; but it did not create even the modest 2% inflation the Fed was aiming for. Combined with ZIRP – zero interest rates for banks – it encouraged borrowing for speculation, driving up the stock market and real estate; but the Consumer Price Index, productivity and wages 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 . . . . 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.

Boldness Has Genius in It

In a January 2015 op-ed in the UK Guardian, Tony Pugh observed:

Quantitative easing, as practiced by the Bank of England and the US Federal Reserve, merely flooded the financial sector with money to the benefit of bondholders. This did not create a so-called wealth affect, with a trickle-down to the real producing economy.

. . . If the EU were bold enough, it could fund infrastructure or renewables projects directly through the electronic creation of money, without having to borrow. Our government has that authority, but lacks the political will.

In 1933, President Franklin Roosevelt boldly solved the problem of a chronic shortage of gold by taking the dollar off the gold standard domestically. President-elect Trump, who is nothing if not bold, can solve the nation’s funding problems by tapping the sovereign right of government to issue money for its infrastructure needs.”

(From Ellen Brown’s 300+ blogs)

THE SOLUTION:(EIGHT WORDS)…

A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

-ONE SENTENCE

A REPUBLIC DEMOCRATIC CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES A FEE (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.

An Honest Central Bank (via Amend The Fed) being formed using PBI’s Public Bank System (51 public banks-50 states plus 1 for D.C plus the United States’ sixteen territories).

Follow the money, make the money FLOW to “…help 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,…”

“IT’S TIME TO PRODUCE SYSTEMIC CHANGE-

TINA to TARA”

“FEDERAL INCOME REVENUE PRODUCING ASSETS” (FIRPA)

Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.

FIRPA , a proven economic ‘golden bullet’.

The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).

We must have Congress legislate that the Federal Reserve Bank shall invest in Public State Bank Bonds. (PSBB).

Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.(Total 51-including the District of Columbia, the Commonwealth of Puerto Rico, and all U.S. territories.

Each member (Public State Bank) will be entitled to issue

up to $2 billion/ electoral vote; D.C. shall be deemed to have three electoral votes (3) for this purpose. All bonds will have the same terms and conditions and will be available to the Federal Reserve for that year of issue.

All PSBB will have a term of 20 years with the payment conditions as follows:

Each dollar of face value will be sold at a twenty five percent (25%) discount as a service fee to the Fed.(This will allow the Fed to control the quality and quantity of the money issued.)

There will be no interest charges.

The entire bond will have 20 equal payments due each year.

The FIRPA BONDS will act as a line of credit: after each annual

payment; that amount will be available to each entity with the same terms and conditions.

FIRPA for Infrastructure Investment for a maximum of $2 Billion per electoral vote (740 X $2b).

FIRPA for Disaster Relief for a maximum of $2 Billion per electoral vote (740 X $2b).

FIRPA for Homeland Security and Law Enforcement for a maximum of $2 Billion per electoral vote (740 X $1).

Example (1):

CA will have a credit line of $110 billion available (55 X $2b).

The CA Public Bank will have the power to sell to the Fed Bank up to $137.5 billion

in FIRPA BONDS. Twenty year payment would be $6.8 billion per year.

Example (2):

DC (Includes Puerto Rico) has $3 billion available ($1b X 3 Electoral votes).

The bond note will read $4 billion with a $200 million annual payment for

20 years.

Each “QE” (Helicopter Monet) purchase of $4 Trillion in Public State Bonds

with a face value of $5 trillion will produce a net income of $1 Trillion over 20 years!!!!

Money that is to be turned over to Congress to spend.

It sounds great; but even more important, it not only pays for itself;

it reduces national debt !

Let this be our response to….

— 2016-2017,President Donald J Trump,“We are going to fix our inner cities and rebuild our highways, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”

— ECB and EC officials claim that “there is no free lunch” and “no alternative,” says Prof. Werner. But there is an alternative, one that is cost-free to the people and the government.

—What was written in 1936 by Frederick Soddy (The Role Of Money), “Human aspirations toward progress may be taken for granted.Even in total eclipse they are not dead, but only latent…

Whereas men, with resources at their disposal ample to build up a civilization of a magnificence and liberality the world has never known… We have the science and the necessary equipment and organization…

(Y)ears of golden opportunity have been wasted.”

— Economic Nobel Laureate Joseph Stiglitz, “It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”

Let this be our response to…

“… (M)oney has become the life-blood of

the community, and for each individual a veritable

license to live at all. ” Frederick Soddy.(The Role of Money. 1936)

… 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.”

 

YES,

It’s TIME:

… TO produce systemic change TINA to TARA.

… TO convene the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’

“In God We Trust”: In the persistence and determination of President Donald Trump to “Give the power back to the people and help “…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,…”

No Longer Will There Be An Outcry , “WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”

September 26, 2017
 
President Trump’s Inaugural Speech,
“This is your day. This is your celebration. And this, the United States of America, is your country. What truly matters is not which party controls our government, but whether our government is controlled by the people.   …(A)  nation exists to serve its citizens. “
“Today’s ceremony, however, has a very special meaning because today we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington, D.C., and giving it back to you, the people.”
Yes, President Donald J Trump,you can; no, you must , do more ‘For The People’. Stand strong and reverse “… an economic recovery program that has privileged the recovery of financial markets and corporate profits has fueled the increase in wealth inequality, in the United States and across the world.”
Reverse that program, make the money FLOW to help “… 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,…”
‘Give the power back to the people.’
    PRESIDENT TRUMP, OPEN THE DOOR TO A LEGACY TO BE ONE OF THE GREATEST PRESIDENTS OF ALL TIME.
The U S Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…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,…”
 
 
It’s  TIME TO PRODUCE SYSTEMIC CHANGE-
President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’ 
 It is time for history to repeat. 
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.
 
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.
 
“In short, there is no argument against spending more money to both boost growth to create jobs and meet real needs.”
No longer shall we listen to the outcry ,
“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”
 
“WE THE PEOPLE”
– DEMAND: MORE “FOR THE PEOPLE, BY THE PEOPLE, OF THE PEOPLE.” .
– DEMAND: An economic solution to long term problems that will improve standards of living today and for future generations.
-DEMAND: FIRPA For Infrastructure, FIRPA For Disaster Relief, FIRPA For The General Welfare.
 
 
 “Give The Power Back To The People”. It’s time to rewrite the rules. Increase…..Wages, Jobs, Standard Of Living. Decrease…..National Debt, Poverty, Inequality Gaps.
“FEDERAL INCOME REVENUE PRODUCING ASSETS”
 ( FIRPA )
 
FIRPA-produces a positive stream of tax revenue to be used for Congressional appropriations.
FIRPA- a simple plan, allowing a line of credit for Public State Banks to acquire funds. PUBLIC  STATE BONDS FOR INFRASTRUCTURE, SECURITY, DISASTER RELIEF. Production of  CLEAN WATER, CLEAN AIR, CLEAN ENERGY.
 
    ASK, “WHY HAS THIS NOT BEEN DONE ?”
    The answer is already known by Obama,but he decided to stay with the rigged system.
    As Obama said (almost 7 years ago), (12/11/11 “60 MINUTES)”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.”
Yes, you can lower federal personal income taxes, lower federal corporate profit taxes, and lower deficit spending all at the same time. Period. It’s simple, “…get the money from somewhere else.”
YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.
 
OPEN ALL DOORS:::::
The U.S. Constitution, “Congress shall have power . . . to borrow money on the credit of the United States.”
Translated: Congress has the right to “borrow” real money from the community with no obligation to pay interest, however, since ‘borrowed’ it must be returned.
 
Trillions can be ‘borrowed’ to create purchases of “FEDERAL  INCOME REVENUE PRODUCING ASSETS (FIRPA ). 
The Fed has already proven that it can do this; with a profit to the US Treasury  and with no increase in the debt (it is an asset purchase).
Trillions have been spent to help banks and business,isn’t it time to help the people?
The first ever GAO audit of the Federal Reserve was carried out What was revealed in the audit was startling:
$16,000,000,000,000 (TRILLION)
had been secretly given out to US banks and corporations  and foreign banks everywhere from France to Scotland. From the period between December 2007 and  June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations,  and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, 
but virtually none of the money has been returned and it was loaned out at 0% interest.
Read the names, addresses and amounts given away.
 
 
SO HOW WILL THE STATES PAY OFF THESE FIRPA BONDS ?
 SO MANY WAYS:
…Collect tolls
…Sell clean energy
…Finance disaster repairs @ 1% for 20 yrs.
…Collect sale taxes, etc.
 
Time for Some Outside-the-box Thinking
It is time to go from TINA (There Is No Alternative )
to TARA (There Are Realistic Alternatives)
 
    PRESIDENT TRUMP, OPEN THE DOOR TO A LEGACY TO BE ONE OF THE GREATEST PRESIDENTS OF ALL TIME.
The U S Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…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,…”
 
President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’ 
 It is time for history to repeat. 
 Yes, Change TINA to TARA!
READ:
Posted on November 14, 2016 by Ellen Brown
“Donald Trump was an outsider who boldly stormed the citadel of Washington DC and won. He has promised real change, but his infrastructure plan appears to be just more of the same – privatizing public assets and delivering unearned profits to investors at the expense of the people. He needs to try something new; and for this he could look to Abraham Lincoln, whose bold solution was very similar to one now being considered in Europe: just print the money.
In Donald Trump’s victory speech after the presidential election, he vowed:
 
    We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.
 
It sounds great; but as usual, the devil is in the details. Both parties in Congress agree that infrastructure is desperately needed. The roadblock is in where to find the money. Raising taxes and going further into debt are both evidently off the table. The Trump solution is touted as avoiding those options, but according to his economic advisors, it does this by privatizing public goods, imposing high user fees on the citizenry for assets that should have been public utilities.
Raise taxes, add to the federal debt, privatize – there is nothing new here. The president-elect  needs another alternative; and there is one, something he is evidently open to. In May 2016, when challenged over the risk of default from the mounting federal debt, he said, “You never have to default, because you print the money.” The Federal Reserve has already created trillions of dollars for the 1% by just printing the money. The new president could create another trillion for the majority of the 99% who elected him.”
“Time for Some Outside-the-box Thinking
That is the plan as set forth by Trump’s economic policy advisors; but he has also talked about the very low interest rates at which the government could borrow to fund infrastructure today, so perhaps he is open to other options. Since financing is estimated to be 50% of the cost of infrastructure, funding infrastructure through a publicly-owned bank could cut costs nearly in half, as shown here.
Better yet, however, might be an option that is gaining traction in Europe: simply issue the money. Alternatively, borrow it from a central bank that issues it, which amounts to the same thing as long as the bank holds the bonds to maturity. Economists call this “helicopter money” – money issued by the central bank and dropped directly into the economy. As observed in The Economist in May 2016:
The Federal Reserve has already bought $3.6 trillion in assets simply by “printing the money” through QE. When that program was initiated, critics called it recklessly hyperinflationary; but it did not create even the modest 2% inflation the Fed was aiming for. Combined with ZIRP – zero interest rates for banks – it encouraged borrowing for speculation, driving up the stock market and real estate; but the Consumer Price Index, productivity and wages 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 . . . . 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.
 
Boldness Has Genius in It
In a January 2015 op-ed in the UK Guardian, Tony Pugh observed:
 
    Quantitative easing, as practiced by the Bank of England and the US Federal Reserve, merely flooded the financial sector with money to the benefit of bondholders. This did not create a so-called wealth affect, with a trickle-down to the real producing economy.
    . . . If the EU were bold enough, it could fund infrastructure or renewables projects directly through the electronic creation of money, without having to borrow. Our government has that authority, but lacks the political will.
 
In 1933, President Franklin Roosevelt boldly solved the problem of a chronic shortage of gold by taking the dollar off the gold standard domestically. President-elect Trump, who is nothing if not bold, can solve the nation’s funding problems by tapping the sovereign right of government to issue money for its infrastructure needs.”
(From Ellen Brown’s 300+ blogs)
 

Time for Some Outside-the-box Thinking

 
 
 
THE SOLUTION:(EIGHT WORDS)…
A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
-ONE SENTENCE
A REPUBLIC DEMOCRATIC CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES A FEE (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.
An Honest Central Bank (via Amend The Fed) being formed using PBI’s Public Bank System (51 public banks-50 states plus 1 for D.C  plus  the United States’  sixteen territories).
Follow the money, make the money FLOW to “…help 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,…”

 

 

“IT’S TIME TO PRODUCE SYSTEMIC CHANGE-
TINA to TARA”
“FEDERAL INCOME REVENUE PRODUCING ASSETS” (FIRPA)
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.


FIRPA , a proven economic ‘golden bullet’.
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall invest in Public State Bank Bonds. (PSBB).
Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.(Total 51-including the District of Columbia, the Commonwealth of Puerto Rico, and all U.S. territories.
Each member (Public State Bank) will be entitled to issue
up to $2 billion/ electoral vote; D.C. shall be deemed to have three electoral votes (3) for this purpose. All bonds will have the same terms and conditions and will be available to the Federal Reserve for that year of issue.
All PSBB will have a term of 20 years with the payment conditions as follows:
Each dollar of face value will be sold at a twenty five percent (25%) discount as a service fee to the Fed.(This will allow the Fed to control the quality and quantity of the money issued.)
There will be no interest charges.
The entire bond will have 20 equal payments due each year.
The FIRPA BONDS will act as a line of credit: after each annual
payment; that amount will be available to each entity with the same terms and conditions.

FIRPA for Infrastructure Investment for a maximum of $2 Billion per electoral vote (740 X $2b). 

FIRPA for Disaster Relief  for a maximum of $2 Billion per electoral vote (740 X $2b). 
FIRPA for Homeland Security and Law Enforcement  for a maximum of $2 Billion per electoral vote (740 X $1).
 
Example (1):
CA will have a credit line of $110 billion available (55 X $2b).
The CA Public Bank will have the power to sell to the Fed Bank up to $137.5 billion
in FIRPA BONDS. Twenty year payment would be $6.8 billion per year.
Example (2):
 DC has $3 billion available ($1b X 3 Electoral votes).
The bond note will read  $4 billion with a $200 million annual payment for
20 years.

Each  “QE” (Helicopter Monet) purchase of $4 Trillion in Public State Bonds
with a face value of $5 trillion will produce a net income of $1 Trillion over 20 years!!!!

Money that is to be turned over to Congress to spend.
 
It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
 
Let this be our response to….

— 2016-2017,President Donald J Trump,“We are going to fix our inner cities and rebuild our highways, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”

ECB and EC officials claim that “there is no free lunch” and “no alternative,” says Prof. Werner. But there is an alternative, one that is cost-free to the people and the government.
—What was written in 1936 by Frederick Soddy (The Role Of Money), “Human aspirations toward progress may be taken for granted.Even in total eclipse they are not dead, but only latent…
Whereas men, with resources at their disposal ample to build up a civilization of a magnificence and liberality the world has never known… We have the science and the necessary equipment and organization…
(Y)ears of golden opportunity have been wasted.”
 Economic Nobel Laureate Joseph Stiglitz,  “It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”
 

What will be our response to…
“… (M)oney has become the life-blood of
the community, and for each individual a veritable
license to live at all. ” Frederick Soddy.(The Role of Money. 1936)
… 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.”

 
YES,

It’s  TIME TO PRODUCE SYSTEMIC CHANGE-TINA to TARA.
Persistence and determination by President Donald Trump to “Give the power back to the people” and  help
“…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,…”

Pres. TRUMP, IT’S TIME TO USE YOUR $16TRILLION CENTRAL BANK CREDIT CARD FOR THE BETTERMENT OF ALL AMERICAN CITIZENS!

September 25, 2017

It’s Time to go from T.I.N.A. (There Is No Alternative ) to T.A.R.A. (There Are Realistic Alternatives).  An immediate, seamless,non-disruptive overnight change from a debt ridden system to “A system of Smart Investments”.

WHY DONALD TRUMP, OMG, WHY ?
 
History has allowed (maybe, perhaps for the last time) only  one candidate to remain to accomplish this goal.
 One individual as POTUS.
 Yes, Donald J Trump ! 
 WHY, OMG, WHY TRUMP ? 
WHY DONALD TRUMP, OMG, WHY ? — Calvin Coolidge and Ben Franklin answer, why.
 
— Calvin   
 Coolidge’s answer.
 -“Nothing in this world can take the place of persistence. Talent will not. Nothing is more common than unsuccessful men with talent. Genius will not. Unrewarded genius is almost a proverb.  Education will not. The world is full of educated derelicts.   
 Persistence and determination alone are omnipotent.”
— Benjamin Franklin’s answer.

“Energy and persistence conquer all things.”

 
Millions realize;
… the economy is rigged,  justice system is rigged,  health care system is rigged.
All part of an economic system that is really just a rigged political system.
 
SEVENTY  percent of the people believe the American economy is rigged.
And they’re right.
EIGHTY percent of the people desire a change, a revolution.
And they’re right.
SEVENTY EIGHT percent of the workers live paycheck to paycheck.
They all demand better. 



Yes, President Donald J Trump,you can; no, you must , stand strong and reverse “… an economic recovery program that has privileged the recovery of financial markets and corporate profits has fueled the increase in wealth inequality, in the United States and across the world.”
Reverse that program, make the money FLOW to help “… 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,…”
‘Give the power back to the people.’
 
President Trump’s Inaugural Speech,
“This is your day. This is your celebration. And this, the United States of America, is your country. What truly matters is not which party controls our government, but whether our government is controlled by the people.   …(A)  nation exists to serve its citizens. “
“Today’s ceremony, however, has a very special meaning because today we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington, D.C., and giving it back to you, the people.”
 
It’s  TIME TO PRODUCE SYSTEMIC CHANGE-
 
President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’ 
 It is time for history to repeat. 
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.
 
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet.
 
“In short, there is no argument against spending more money to both boost growth to create jobs and meet real needs.”
No longer shall we listen to the outcry ,
“WE WISH WE COULD HAVE DONE MORE FOR THE PEOPLE.”
 
“WE THE PEOPLE”
– DEMAND: MORE “FOR THE PEOPLE, BY THE PEOPLE, OF THE PEOPLE.” .
– DEMAND: An economic solution to long term problems that will improve standards of living today and for future generations.
-DEMAND: FIRPA For Infrastructure, FIRPA For Disaster Relief, FIRPA For The General Welfare.
 
 
 “Give The Power Back To The People”. It’s time to rewrite the rules. Increase…..Wages, Jobs, Standard Of Living. Decrease…..National Debt, Poverty, Inequality Gaps.
“FEDERAL INCOME REVENUE PRODUCING ASSETS”
 ( FIRPA )
 
FIRPA-produces a positive stream of tax revenue to be used for Congressional appropriations.
FIRPA- a simple plan, allowing a line of credit for Public State Banks to acquire funds. PUBLIC  STATE BONDS FOR INFRASTRUCTURE, SECURITY, DISASTER RELIEF. Production of  CLEAN WATER, CLEAN AIR, CLEAN ENERGY.

“As Nobel prize-winning economist Joseph Stiglitz, former senior vice president of the World Bank, explains:

. . . [W]hen the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times.

The result of that is that the economy grows by a multiple of the initial spending, and public finances turn out to be stronger: as the economy grows, fiscal revenues increase, and demands for the government to pay unemployment benefits, or fund social programmes to help the poor and needy, go down. As tax revenues go up as a result of growth, and as these expenditures decrease, the government’s fiscal position strengthens.”

As Einstein said, “Make it simple”, to help form a more perfect union…….(W)hen the CENTRAL BANK LENDS more and invests in the economy…

“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)

It’s Time to go from T.I.N.A. (There Is No Alternative ) to T.A.R.A. (There Are Realistic Alternatives). An immediate, seamless,non-disruptive overnight change from a debt ridden system to “A system of Smart Investments”.

 
    ASK, “WHY HAS THIS NOT BEEN DONE ?”
    The answer is already known by Obama,but he decided to stay with the rigged system.
    As Obama said (almost 7 years ago), (12/11/11 “60 MINUTES)”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.”
Yes, you can lower federal personal income taxes, lower federal corporate profit taxes, and lower deficit spending all at the same time. Period. It’s simple, “…get the money from somewhere else.”
YOU NEED ONLY INCREASE TAX REVENUES FROM “SOMEWHERE ELSE”.
 
OPEN ALL DOORS:::::
The U.S. Constitution, “Congress shall have power . . . to borrow money on the credit of the United States.”
Translated: Congress has the right to “borrow” real money from the community with no obligation to pay interest, however, since ‘borrowed’ it must be returned.
 
Trillions can be ‘borrowed’ to create purchases of “FEDERAL  INCOME REVENUE PRODUCING ASSETS (FIRPA ). 
The Fed has already proven that it can do this; with a profit to the US Treasury  and with no increase in the debt (it is an asset purchase).
Trillions have been spent to help banks and business,isn’t it time to help the people?
The first ever GAO audit of the Federal Reserve was carried out What was revealed in the audit was startling:
$16,000,000,000,000 (TRILLION)
had been secretly given out to US banks and corporations  and foreign banks everywhere from France to Scotland. From the period between December 2007 and  June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations,  and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, 
but virtually none of the money has been returned and it was loaned out at 0% interest.
Read the names, addresses and amounts given away.
 
 
SO HOW WILL THE STATES PAY OFF THESE FIRPA BONDS ?
 SO MANY WAYS:
…Collect tolls
…Sell clean energy
…Finance disaster repairs @ 1% for 20 yrs.
…Collect sale taxes, etc.
 
 
    PRESIDENT TRUMP, OPEN THE DOOR TO A LEGACY TO BE ONE OF THE GREATEST PRESIDENTS OF ALL TIME.
The U S Constitution has structured this union
so that the Chief Executive Officer, CEO (The President)
is responsible to its Board of Directors, BOD (The Congress)
and with its Chief Compliance Office, CCO (The U.S. Supreme Court)
shall work together “…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,…”
 
President Franklin D Roosevelt convened the Congress for an Emergency …session and got the lawmakers from both parties to approve … major bills.’ 
 It is time for history to repeat. 
 Yes, Change TINA to TARA!
READ:
Posted on November 14, 2016 by Ellen Brown
“Donald Trump was an outsider who boldly stormed the citadel of Washington DC and won. He has promised real change, but his infrastructure plan appears to be just more of the same – privatizing public assets and delivering unearned profits to investors at the expense of the people. He needs to try something new; and for this he could look to Abraham Lincoln, whose bold solution was very similar to one now being considered in Europe: just print the money.
In Donald Trump’s victory speech after the presidential election, he vowed:
 
    We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.
 
It sounds great; but as usual, the devil is in the details. Both parties in Congress agree that infrastructure is desperately needed. The roadblock is in where to find the money. Raising taxes and going further into debt are both evidently off the table. The Trump solution is touted as avoiding those options, but according to his economic advisors, it does this by privatizing public goods, imposing high user fees on the citizenry for assets that should have been public utilities.
Raise taxes, add to the federal debt, privatize – there is nothing new here. The president-elect  needs another alternative; and there is one, something he is evidently open to. In May 2016, when challenged over the risk of default from the mounting federal debt, he said, “You never have to default, because you print the money.” The Federal Reserve has already created trillions of dollars for the 1% by just printing the money. The new president could create another trillion for the majority of the 99% who elected him.”


“Time for Some Outside-the-box Thinking
That is the plan as set forth by Trump’s economic policy advisors; but he has also talked about the very low interest rates at which the government could borrow to fund infrastructure today, so perhaps he is open to other options. Since financing is estimated to be 50% of the cost of infrastructure, funding infrastructure through a publicly-owned bank could cut costs nearly in half, as shown here.
Better yet, however, might be an option that is gaining traction in Europe: simply issue the money. Alternatively, borrow it from a central bank that issues it, which amounts to the same thing as long as the bank holds the bonds to maturity. Economists call this “helicopter money” – money issued by the central bank and dropped directly into the economy. As observed in The Economist in May 2016:
The Federal Reserve has already bought $3.6 trillion in assets simply by “printing the money” through QE. When that program was initiated, critics called it recklessly hyperinflationary; but it did not create even the modest 2% inflation the Fed was aiming for. Combined with ZIRP – zero interest rates for banks – it encouraged borrowing for speculation, driving up the stock market and real estate; but the Consumer Price Index, productivity and wages 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 . . . . 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.
 
Boldness Has Genius in It
In a January 2015 op-ed in the UK Guardian, Tony Pugh observed:
 
    Quantitative easing, as practiced by the Bank of England and the US Federal Reserve, merely flooded the financial sector with money to the benefit of bondholders. This did not create a so-called wealth affect, with a trickle-down to the real producing economy.
    . . . If the EU were bold enough, it could fund infrastructure or renewables projects directly through the electronic creation of money, without having to borrow. Our government has that authority, but lacks the political will.
 
 
 
 
THE SOLUTION:(EIGHT WORDS)…
A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
THE SOLUTION IN LESS THAN 50 WORDS…
A REPUBLIC DEMOCRATIC CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.
AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES A FEE (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.
An Honest Central Bank (via Amend The Fed) being formed using PBI’s Public Bank System (51 public banks-50 states plus 1 for D.C  plus  the United States’  sixteen territories).
Follow the money, make the money FLOW to “…help 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,…”

 

 

“IT’S TIME TO PRODUCE SYSTEMIC CHANGE-
TINA to TARA”
“FEDERAL INCOME REVENUE PRODUCING ASSETS” (FIRPA)
Time for American innovation to solve our problems, focus on investments-smart investments which will improve growth and pay for itself.


FIRPA , a proven economic ‘golden bullet’.
The FEDS made direct purchase of bank assets.The Fed has already proven that it can do this; with a profit to the US Treasury and with no increase in the debt (it is an asset purchase).
We must have Congress legislate that the Federal Reserve Bank shall invest in Public State Bank Bonds. (PSBB).
Each state will have as a member of the Federal Reserve a pubic state bank along with one additional member for the District of Columbia.(Total 51-including the District of Columbia, the Commonwealth of Puerto Rico, and all U.S. territories.
Each member (Public State Bank) will be entitled to issue
up to $2 billion/ electoral vote; D.C. shall be deemed to have three electoral votes (3) for this purpose. All bonds will have the same terms and conditions and will be available to the Federal Reserve for that year of issue.
All PSBB will have a term of 20 years with the payment conditions as follows:
Each dollar of face value will be sold at a twenty five percent (25%) discount as a service fee to the Fed.(This will allow the Fed to control the quality and quantity of the money issued.)
There will be no interest charges.
The entire bond will have 20 equal payments due each year.
The FIRPA BONDS will act as a line of credit: after each annual
payment; that amount will be available to each entity with the same terms and conditions.

FIRPA for Infrastructure Investment for a maximum of $2 Billion per electoral vote (740 X $2b). 

FIRPA for Disaster Relief  for a maximum of $2 Billion per electoral vote (740 X $2b). 
FIRPA for Homeland Security and Law Enforcement  for a maximum of $2 Billion per electoral vote (740 X $1).
 
Example (1):
CA will have a credit line of $110 billion available (55 X $2b).
The CA Public Bank will have the power to sell to the Fed Bank up to $137.5 billion
in FIRPA BONDS. Twenty year payment would be $6.8 billion per year.
Example (2):
 DC has $3 billion available ($1b X 3 Electoral votes).
The bond note will read  $4 billion with a $200 million annual payment for
20 years.

Each  “QE” (Helicopter Monet) purchase of $4 Trillion in Public State Bonds
with a face value of $5 trillion will produce a net income of $1 Trillion over 20 years!!!!

Money that is to be turned over to Congress to spend.
 
It sounds great; but even more important, it not only pays for itself;
it reduces national debt !
 
Let this be our response to….

— 2016-2017,President Donald J Trump,“We are going to fix our inner cities and rebuild our highways, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”

ECB and EC officials claim that “there is no free lunch” and “no alternative,” says Prof. Werner. But there is an alternative, one that is cost-free to the people and the government.
—What was written in 1936 by Frederick Soddy (The Role Of Money), “Human aspirations toward progress may be taken for granted.Even in total eclipse they are not dead, but only latent…
Whereas men, with resources at their disposal ample to build up a civilization of a magnificence and liberality the world has never known… We have the science and the necessary equipment and organization…
(Y)ears of golden opportunity have been wasted.”

What will be our response to…
“… (M)oney has become the life-blood of
the community, and for each individual a veritable
license to live at all. ” Frederick Soddy.(The Role of Money. 1936)
… 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.”

 
YES,

It’s  TIME TO PRODUCE SYSTEMIC CHANGE-TINA to TARA.

“As Nobel prize-winning economist Joseph Stiglitz, former senior vice president of the World Bank, explains:

. . . [W]hen the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times.

The result of that is that the economy grows by a multiple of the initial spending, and public finances turn out to be stronger: as the economy grows, fiscal revenues increase, and demands for the government to pay unemployment benefits, or fund social programmes to help the poor and needy, go down. As tax revenues go up as a result of growth, and as these expenditures decrease, the government’s fiscal position strengthens.”

As Einstein said, “Make it simple”, to help form a more perfect union…….(W)hen the CENTRAL BANK LENDS more and invests in the economy…

“It’s time to rewrite the rules―to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity.”( Economic Nobel Laureate Joseph Stiglitz)

Pres. TRUMP, IT’S TIME TO USE YOUR $16TRILLION CENTRAL BANK CREDIT CARD FOR THE BETTERMENT OF ALL AMERICAN CITIZENS!

Yes, your Persistence and Determination, President Donald Trump shall prevail to “Give the power back to the people” and  help

“…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,…”

100 WORD FIX TO ‘REAL’ AFFORDABLE HEALTHCARE , CONGRESS CAN’T REFUSE!

September 25, 2017

Problem: WE HAVE LEGISLATED THE HIGH COST.

 Different health insurance provides different levels of financial protection and the scope of coverage can vary widely, with more than 40 percent of insured individuals reporting that their plans do not adequately meet their needs as of 2007.[2 Wiki]
The share of Americans without health insurance has been cut in half since 2013. Many of the reforms instituted by the Affordable Care Act of 2010 were designed to extend health care coverage to those without it; however, high cost growth continues unabated.[3] National health expenditures are projected to grow 4.7% per person per year from 2016–2025. Public healthcare spending was 29% of federal mandated spending in 1990, 35% in 2000, and is projected to be roughly half in 2025.[4 Wiki]

Problem: HIGH COST GROWTH CONTINUES UNABATED.

As Einstein said, “Make it simple”.’Make the “Affordable Care”, simply ‘AFFORDABLE.’
REDUCE the cost of coverage, paperwork, prescriptions, and services.
REVERSE the legislated protections for specific companies to compete in political influence using political power for maximizing profit and protecting markets.
Change the direction to one in which companies compete on price, quality and good service.

1…Repeal- the ‘insurance’ exception to the Sherman Antitrust Act,Clayton Act, and Federal Trade Commission Act. (Repeal the McCarran–Ferguson Act –
“the business of insurance is not commerce, either intrastate or interstate” and that it “is not interstate commerce or interstate trade, though it might
2…Repeal- the ban on re-importation of drugs and Medicare bulk negotiating on drugs.(Repeal the ban on re-importation and ban on Medicare negotiating discounts in the legislation enacted in 2003-The Medicare Prescription Drug, Improvement, and Modernization Act.)

Reverse the ‘special interests ‘demands and legislate for the interests “of the People”.

LET THE PEOPLE KNOW THE NAMES OF THE LEGISLATORS THAT REPRESENT THEM.
AND AT THE SAME TIME THE NAMES OF THOSE WHO DO NOT.
A PEOPLE POWER REVOLUTION: CONGRESS CAN’T REFUSE!

 

A 2,740 word due examination of how it all happened:
https://bestsolutionsfl.wordpress.com/2017/07/28/healthcare-fix-it-w-simple-precision-surgery/

100 WORD FIX TO ‘REAL’ AFFORDABLE HEALTHCARE , CONGRESS CAN’T REFUSE!

July 30, 2017

Problem: We have legislated high cost.

Different health insurance provides different levels of financial protection and the scope of coverage can vary widely, with more than 40 percent of insured individuals reporting that their plans do not adequately meet their needs as of 2007.[2]
The share of Americans without health insurance has been cut in half since 2013. Many of the reforms instituted by the Affordable Care Act of 2010 were designed to extend health care coverage to those without it; however, high cost growth continues unabated.[3] National health expenditures are projected to grow 4.7% per person per year from 2016–2025. Public healthcare spending was 29% of federal mandated spending in 1990, 35% in 2000, and is projected to be roughly half in 2025.[4]

Problem: HIGH COST GROWTH CONTINUES UNABATED..

As Einstein said, “Make it simple”.’Make the “Affordable Care”, simply ‘AFFORDABLE.’
REDUCE the cost of coverage, paperwork, prescriptions, and services.
REVERSE the legislated protection for specific companies to compete in political influence using political power for maximizing profit and protecting markets.
Change the direction to one in which companies compete on price, quality and good service.

1…Repeal- the ‘insurance’ exception to the Sherman Antitrust Act,Clayton Act, and Federal Trade Commission Act. (Repeal the McCarran–Ferguson Act –
“the business of insurance is not commerce, either intrastate or interstate” and that it “is not interstate commerce or interstate trade, though it might
2…Repeal- the ban on re-importation of drugs and Medicare bulk negotiating on drugs.(Repeal the ban on re-importation and ban on Medicare negotiating discounts in the legislation enacted in 2003-The Medicare Prescription Drug, Improvement, and Modernization Act.)

Reverse the ‘special interests ‘demands and legislate for the interests “of the People”.

LET THE PEOPLE KNOW THE NAMES OF THE LEGISLATORS THAT REPRESENT THEM.
AND AT THE SAME TIME THE NAMES OF THOSE WHO DO NOT.
A PEOPLE POWER REVOLUTION: CONGRESS CAN’T REFUSE!

 

A 2,740 word due examination of how it will work :
https://bestsolutionsfl.wordpress.com/2017/07/28/healthcare-fix-it-w-simple-precision-surgery/

 

“Brexit–or BUILDIT” A BORDER WALL !

July 29, 2017

“Brexit”,(read: “Buildit”) 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/

THE “BREXIT” SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.
ONE SENTENCE -A DEMOCRATIC REPUBLIC 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 A SERVICE FEE (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.(The Role of Money. 1936)
… 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 ;

Email from Positive Money.

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 banks and 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 and twitter.

* 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
“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 ?
“BUILDIT” IS A GREAT 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 EU (read UK ) 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 could 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 ?
**OMG, Can an HONEST CENTRAL BANK do just that ?

justaluckyfool@aol.com