Unless we can find a way to PRINT money forever, we are in trouble. The U.S. economy is based on buying stuff-- particularly FOOD-- we don't need with money we don't have. Plus, AI will make so many people jobless. We should never have shut down for Covid-- only due to 65% of us who are OBESE-- and now cities are in trouble e as the office buildings are empty -- see 60 Minutes on 1/14/2004. NOTHING good other than Ozempic which will mean that the entire health care system won't collapse but it will also lose paying customers as the majority won't need treatment for so many obesity-related illnesses.
Why does a govt need to borrow other people’s money to buy the goods it consumes and services it provides?
If a govt can create Treasury Bonds “out of thin air” and pay interest to the buyers of those bonds, then why can’t a govt create Loans “out of thin air” and collect interest from the borrowers of those loans?
Alexander Hamilton:
“The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals contained in it, but by the quantity of the productions of its labor and industry.”
The life blood of the Black Nobs is their control over the money that courses through every financial transaction between every person that is necessary for each person to acquire the goods and services they need to survive.
We can make the Black Nobs irrelevant by each sovereign nation taking back control over their own Monetary System.
I am not sure I understand all of this, but it sounds reasonable and positive. I think the U.S. government should be run by Economists and not lawyers. And for sure the obesity epidemic can be solved by Economists too.
Why does a govt need to borrow other people’s money to buy the goods it consumes and services it provides?
If a govt can create Treasury Bonds “out of thin air” and pay interest to the buyers of those bonds, then why can’t a govt create Loans “out of thin air” and collect interest from the borrowers of those loans?
Alexander Hamilton:
“The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals contained in it, but by the quantity of the productions of its labor and industry.”
The life blood of the Black Nobs is their control over the money that courses through every financial transaction between every person that is necessary for each person to acquire the goods and services they need to survive.
We can make the Black Nobs irrelevant by each sovereign nation taking back control over their own Monetary System.
I am korean lawyer. Korea is in same situation. Korean financial administration disapproved Bitcoin ETF and the parlimet is raising their voice of criticizing the decision. Soon they will succeed to overturn the decision. All these things starts from Wall street. So I think your fighting is an issue which citizens of many contry should pay attention to as theirs issue. Cause this world of money is all connected.
I am korean lawyer. Korea is in same situation. Korean financial administration disapproved Bitcoin ETF and the parlimet is raising their voice of criticizing the decision. Soon they will succeed to overturn the decision. All these things starts from Wall street. So I think your fighting is an issue which citizens of many contry should pay attention to as theirs issue. Cause this world of money is all connected.
I am korean lawyer. Korea is in same situation. Korean financial administration disapproved Bitcoin ETF and the parlimet is raising their voice of criticizing the decision. Soon they will succeed to overturn the decision. All these things starts from Wall street. So I think your fighting is an issue which citizens of many contry should pay attention to as theirs issue. Cause this world of money is all connected.
I am korean lawyer. Korea is in same situation. Korean financial administration disapproved Bitcoin ETF and the parlimet is raising their voice of criticizing the decision. Soon they will succeed to overturn the decision. All these things starts from Wall street. So I think your fighting is an issue which citizens of many contry should pay attention to as theirs issue. Cause this world of money is all connected.
Thank you Ellen for that great breakdown of an extremely cloudy subject. So if you want to really "own" anything, it seems that it needs to be non-digital, outside of the UCC controlled financial system, and something that is not held for you by someone else. PMs in your possession seem to fit that description. Some may argue that Bitcoin is an exception, and it may be; however I do not see evidence that the world views it currently as a store or wealth or easy exchange. And without access to the internet I don't think you can access it or transfer it to another. Plus the party you want to exchange with also needs a wallet, know how to use it, and protect it from being hacked. I don't see the same level of difficulty or risk with PMs.
Global debt is now $305 trillion while there is only $82 trillion in the money supply, the debt is due to interest. When you have a system that issues all money as interest-bearing debt you have an unstable system. Money is supposed to pay debt, not be a debt. So banks make money off of interest on loans and nearly 40-50% of the cost of goods and services is due to interest charged all along the production line. We have a privatized for-profit money system that drives destructive and extractive growth. When loan payments (money destroyed) exceeds loans being made (money created) the system crashes as we see every 10 years or so. At that point there is another transfer of wealth as loans default and the real wealth collateral is picked up for pennies on the dollar. The system is usury; the abuse of monetary authority for personal gain, it is an extraordinarily efficient form of violence by which one does the most damage with the least effort. monetaryalliance.org
Why does a govt need to borrow other people’s money to buy the goods it consumes and services it provides?
If a govt can create Treasury Bonds “out of thin air” and pay interest to the buyers of those bonds, then why can’t a govt create Loans “out of thin air” and collect interest from the borrowers of those loans?
Alexander Hamilton:
“The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals contained in it, but by the quantity of the productions of its labor and industry.”
The life blood of the Black Nobs is their control over the money that courses through every financial transaction between every person that is necessary for each person to acquire the goods and services they need to survive.
We can make the Black Nobs irrelevant by each sovereign nation taking back control over their own Monetary System.
Indeed, all government has to do is change the law to ban the commercial banks from creating money, allow Congress to create the money per the Constitution, and implement a Monetary Board whose only job would be the determine the amount of money that can be created safely to avoid inflation/deflation by estimating our production capacity. The legislation required is already written and was introduced in 2011 as the NEED Act. Then maybe Congress would enforce the parity pricing law still on the books that would put the nation's economy on an income basis instead of debt. Join the international movement. monetaryalliance.org - https://internationalmoneyreform.org/
All set up for The Great Taking - read / watch David Rogers Webb
Unless we can find a way to PRINT money forever, we are in trouble. The U.S. economy is based on buying stuff-- particularly FOOD-- we don't need with money we don't have. Plus, AI will make so many people jobless. We should never have shut down for Covid-- only due to 65% of us who are OBESE-- and now cities are in trouble e as the office buildings are empty -- see 60 Minutes on 1/14/2004. NOTHING good other than Ozempic which will mean that the entire health care system won't collapse but it will also lose paying customers as the majority won't need treatment for so many obesity-related illnesses.
Why does a govt need to borrow other people’s money to buy the goods it consumes and services it provides?
If a govt can create Treasury Bonds “out of thin air” and pay interest to the buyers of those bonds, then why can’t a govt create Loans “out of thin air” and collect interest from the borrowers of those loans?
Alexander Hamilton:
“The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals contained in it, but by the quantity of the productions of its labor and industry.”
THE GREAT BANKSTER DEBT SCAM!
https://open.substack.com/pub/william3n4z2/p/the-great-bankster-debt-scam?r=1kb28q&utm_campaign=post&utm_medium=web
The life blood of the Black Nobs is their control over the money that courses through every financial transaction between every person that is necessary for each person to acquire the goods and services they need to survive.
We can make the Black Nobs irrelevant by each sovereign nation taking back control over their own Monetary System.
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web
The Black Nobility
https://open.substack.com/pub/william3n4z2/p/the-black-nobility?r=1kb28q&utm_campaign=post&utm_medium=web
I am not sure I understand all of this, but it sounds reasonable and positive. I think the U.S. government should be run by Economists and not lawyers. And for sure the obesity epidemic can be solved by Economists too.
Why does a govt need to borrow other people’s money to buy the goods it consumes and services it provides?
If a govt can create Treasury Bonds “out of thin air” and pay interest to the buyers of those bonds, then why can’t a govt create Loans “out of thin air” and collect interest from the borrowers of those loans?
Alexander Hamilton:
“The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals contained in it, but by the quantity of the productions of its labor and industry.”
THE GREAT BANKSTER DEBT SCAM!
https://open.substack.com/pub/william3n4z2/p/the-great-bankster-debt-scam?r=1kb28q&utm_campaign=post&utm_medium=web
The life blood of the Black Nobs is their control over the money that courses through every financial transaction between every person that is necessary for each person to acquire the goods and services they need to survive.
We can make the Black Nobs irrelevant by each sovereign nation taking back control over their own Monetary System.
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web
The Black Nobility
https://open.substack.com/pub/william3n4z2/p/the-black-nobility?r=1kb28q&utm_campaign=post&utm_medium=web
I am korean lawyer. Korea is in same situation. Korean financial administration disapproved Bitcoin ETF and the parlimet is raising their voice of criticizing the decision. Soon they will succeed to overturn the decision. All these things starts from Wall street. So I think your fighting is an issue which citizens of many contry should pay attention to as theirs issue. Cause this world of money is all connected.
I am korean lawyer. Korea is in same situation. Korean financial administration disapproved Bitcoin ETF and the parlimet is raising their voice of criticizing the decision. Soon they will succeed to overturn the decision. All these things starts from Wall street. So I think your fighting is an issue which citizens of many contry should pay attention to as theirs issue. Cause this world of money is all connected.
Thanks. Good to know a Korean lawyer! I spoke there once, lovely country and people.
I am korean lawyer. Korea is in same situation. Korean financial administration disapproved Bitcoin ETF and the parlimet is raising their voice of criticizing the decision. Soon they will succeed to overturn the decision. All these things starts from Wall street. So I think your fighting is an issue which citizens of many contry should pay attention to as theirs issue. Cause this world of money is all connected.
I am korean lawyer. Korea is in same situation. Korean financial administration disapproved Bitcoin ETF and the parlimet is raising their voice of criticizing the decision. Soon they will succeed to overturn the decision. All these things starts from Wall street. So I think your fighting is an issue which citizens of many contry should pay attention to as theirs issue. Cause this world of money is all connected.
Thank you Ellen for that great breakdown of an extremely cloudy subject. So if you want to really "own" anything, it seems that it needs to be non-digital, outside of the UCC controlled financial system, and something that is not held for you by someone else. PMs in your possession seem to fit that description. Some may argue that Bitcoin is an exception, and it may be; however I do not see evidence that the world views it currently as a store or wealth or easy exchange. And without access to the internet I don't think you can access it or transfer it to another. Plus the party you want to exchange with also needs a wallet, know how to use it, and protect it from being hacked. I don't see the same level of difficulty or risk with PMs.
Agreed. Thanks.
Global debt is now $305 trillion while there is only $82 trillion in the money supply, the debt is due to interest. When you have a system that issues all money as interest-bearing debt you have an unstable system. Money is supposed to pay debt, not be a debt. So banks make money off of interest on loans and nearly 40-50% of the cost of goods and services is due to interest charged all along the production line. We have a privatized for-profit money system that drives destructive and extractive growth. When loan payments (money destroyed) exceeds loans being made (money created) the system crashes as we see every 10 years or so. At that point there is another transfer of wealth as loans default and the real wealth collateral is picked up for pennies on the dollar. The system is usury; the abuse of monetary authority for personal gain, it is an extraordinarily efficient form of violence by which one does the most damage with the least effort. monetaryalliance.org
Agreed to that too. Thanks.
Why does a govt need to borrow other people’s money to buy the goods it consumes and services it provides?
If a govt can create Treasury Bonds “out of thin air” and pay interest to the buyers of those bonds, then why can’t a govt create Loans “out of thin air” and collect interest from the borrowers of those loans?
Alexander Hamilton:
“The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals contained in it, but by the quantity of the productions of its labor and industry.”
THE GREAT BANKSTER DEBT SCAM!
https://open.substack.com/pub/william3n4z2/p/the-great-bankster-debt-scam?r=1kb28q&utm_campaign=post&utm_medium=web
The life blood of the Black Nobs is their control over the money that courses through every financial transaction between every person that is necessary for each person to acquire the goods and services they need to survive.
We can make the Black Nobs irrelevant by each sovereign nation taking back control over their own Monetary System.
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web
The Black Nobility
https://open.substack.com/pub/william3n4z2/p/the-black-nobility?r=1kb28q&utm_campaign=post&utm_medium=web
Indeed, all government has to do is change the law to ban the commercial banks from creating money, allow Congress to create the money per the Constitution, and implement a Monetary Board whose only job would be the determine the amount of money that can be created safely to avoid inflation/deflation by estimating our production capacity. The legislation required is already written and was introduced in 2011 as the NEED Act. Then maybe Congress would enforce the parity pricing law still on the books that would put the nation's economy on an income basis instead of debt. Join the international movement. monetaryalliance.org - https://internationalmoneyreform.org/
Thanks for the two links!