Last week I explained that politicians were throwing $12 billion a week out the window because they refused to examine the consequences of not still having President Lincoln’s Greenbacks.
The real question is this: How do we make a popular coalition to support a non-interest bearing currency? I say we can guarantee support from Democrats for monetary reform, closing the Border and voting changes to stop the Liberal Democrat politicians from stealing 8 million votes every election.
As I said last week, politicians could cut $12 a week from federal spending if we still had Lincoln’s Greenbacks. But under the Greenback system we could also spend money into circulation. This would not be inflationary if we we increased the money supply at the same rate as the economy. Currently, the St Louis Federal Reserve Bank estimates the total M3 Money Supply to be $14,613,500,000,000.00000. But, as I said, most American dollars are overseas and we do need Debt Cancellation so I feel we could easily increase a reduced M3 Money Supply of $7.4 trillion without inflation at 4.5% which is $330 billion a year.
Currently, the Federal Reserve system allows privately owned banks to create our money. They gave themselves the right to charge us interest on money they created out of thin air. This creates a cycle of Booms and Busts. Booms are nice but they produce stampedes into the wrong sorts of business activities – McMansions but no housing for workers. They also create busts. 3 million Americans starved to death in the 1930s.........https://vidrebel.wordpress.com/2019/08/13/convincing-democrats-to-support-borders-and-honest-elections/
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