This is part two to a May 4, 2022 article called “A Monetary Reset Where the Rich Don’t Own Everything,” the gist of which was that national and global debt levels are unsustainably high. We need a “reset,” but of what sort? The “Great Reset” of the World Economic Forum (WEF) would leave the people as non-owner tenants in a feudalistic technocracy. The reset of the Eurasian Economic Union would allow participating nations to opt out of the Western capitalist system altogether, but what of the Western countries that are left? That is the question addressed here.
Our Forefathers Had Some Innovative Solutions …
Read the full article on ScheerPost here.
Please explain, if you can (it can't be done) how Congress regulates the dollar.
Musk, after he takes over Twitter, must declare martial law.
Ellen Brown gets to decide who gets hanged and who gets shot.
Hi Ellen, I have been thinking a bit regarding "sovereign money" of which your several variances have similar elements. It seems to me that the first step that needs to be done is to change the rules that require the gov't to issue debt which is then used by the private banks that control the federal reserve. It's similar to the fight to get public banks which are being opposed by the private banking interests. if that can be done then:
a) As proposed in India, the gov't wants to open a public window for its citizens as with a public bank and eliminating the need or in addition to local public banks. The issue, of course is capitalization so that the public banks can securitize gov't deposits.
b) the options which you present would fold into a national public bank as with any options for bank functions
There are problems on the horizon with alt currencies, including e-versions, competing options as exemplified by MPesa of the cell phone companies. The other issue is the banks such as Goldman which would see the entire investment banking industry topsy turvy. In one of the responses, the issue of social security and other gov't systems such as healthcare. We are back to the public/pv't debate at the very time that the conservative investment community is attacking corporations for including ESG's as opposed to stockholder maximization.
In other words we are being thrown back into the Regan/Thatcher public/p'vt gambit.
As I stated above, what is needed, first is to clear away the debt based detritus which has been sucking at the public troughs from the Fed to Wall Street.