Thank You again, Ellen. This will go into my next blog post of news and analysis:
"Printing money is not inherently inflationary. It depends on what the money is used for. If it funds speculation, it inflates bubbles. If it funds production, it builds prosperity. The vaunted independence of the Fed is not a constitutional mandate but is a political choice."
It also matters, as you have often pointed out, that profits going to the public purse are different from profits being extracted to the private purse, where they are tasked to extract more profits, rather than build societal wealth and/or stability.
"Maximizing shareholder benefit" necessarily impoverishes a society.
"History shows that sovereign money creation can be a tool for public good when wielded wisely. It is time to reclaim that tool, not to serve the banks and speculative investment but to serve the public and the productive economy." I agree wholeheartedly. I think sovereign money creation, which the American Revolution was all about, should be the focus of our political activism for it determines who makes the rules. Do we want a system run by a profit-motivated few, or a public system that is care-motivated and serves the many? The legislation is already wrtten to create a sovereign money system. The 2011 NEED Act HR2990.
I would like to see the Federal Reserve officially part of the US government but not aligned with policies created by mostly corrupt presidents and politicians. Having politicians choose policy is like asking children to choose if they want ice cream for dinner. The reason I’d like the Fed as part of the US government is for MMT purposes. MMT argues that the government essentially destroys tax revenue, as it’s not advantageous and is harmful to the economy. Suppose the Federal Reserve is part of the US government. In that case, the government can create a policy to redirect tax revenue to the Federal Reserve, which can utilize the 12 regional Federal Reserve Banks as the wholesale public Bank of the United States, providing funding to states, counties, cities, and other governmental entities that wish to establish a public bank and possess adequate assets and cash flow.
I completely agree that increasing public infrastructure projects is a good idea, and your history of the FED and the government is spot on as well. One thing I'd like to add to your analysis is the fact that the vast majority of money creation is funneled through enterprise and government projects and only "trickles down" to the individual. This paradigm of Indirectness is not only inefficient it actually re-inforces the power of oligarchy. Don't get me wrong direct funding of public and private projects is also legitimate...its the monopoly paradigm of Indirect Funding ONLY that is the problem. And this is why Direct funding with a universal dividend and a 50% Discount/Rebate policy at retail sale..along with public and private projects...would enable even greater, more stable and democratic growth and development.
Another thing if I may. The framework of "Free" Market Theoretics that neo-liberal and libertarian economists throw around is actually a misnomer for chaos because it has become a fetishization AKA TOTAL FREEDOM...when there is only freedom within known and enforceable barriers...because there's this little thing called ethics/the rational consideration of mere morals. So chaos is absolutely not good, growing the productive economy along with public indirect funding enables a little freedom for the general populace and both indirect and DIRECT funding greatly increases that freedom. Good example of this freedom and establishing known and enforceable barriers would be the above two policies that would double everyone's purchasing power while transforming chronic erosive inflation into beneficial price and asset deflation...and then saying to enterprise: Okay, in exchange for doubling the potential demand for your goods and services with these policies you can raise your prices in a way that causes an honest assessment of monthly calculated and per annum inflation of 2%, but any higher price raising and particularly any "greedflation" will now be taxed at a rate of at least 100%.
Stratagic Direct non-debt funding is a monopoly busting, freeing, integrative of long standing opposing self interests, a bureaucracy busting phenomenon, and even a psychological/social/spiritually beneficial applied concept.
Examples: Monopoly...shown above, Freeing...also shown above,Traditionally opposed self interests...shown above, bureaucracy busting...with a $1000/mo. universal dividend and a 50% Discount/Rebate at retail sale why would we need most of the welfare and unemployment insurance payroll taxes? psychological/social/spiritually beneficial applied concept...going to the store to receive a gift of 50% of the price of virtually everything and everyone participates/is effected by retail sale...its Christmas everyday and the greatest opportunity to self actualize gratiude for a gift since meditation and prayer.
Abolish the Fed and the Fed’s practices and create a National Bank for purposes of lending long term low interest credit for modernizing economic Infrastructure, manufacturing, healthcare, education, and R&D. The new National Bank could sell bonds to raise cash. It could also use the federal debt to extend long term credit, the way Alexander Hamilton did to pay off the debt of the Colonies.
love everything you write, @Ellen. Would love to get a chat in, as we're getting close with the WEconomy. Would love any thoughts you have on our approach to institutionalizing it to the benefit of communities in crisis through local jobs/innovation hubs...as you say, "It is time to reclaim that tool, not to serve the banks and speculative investment but to serve the public and the productive economy."
http://WEconomy.Us and if you want a more navigational journey, just click the "town square" image on the home page there. a fun Prezi.
Thank you Ellen. Your concluding sentence sums it all up: "History shows that sovereign money creation can be a tool for public good when wielded wisely. It is time to reclaim that tool, not to serve the banks and speculative investment but to serve the public and the productive economy. "
I nominate you for US President, or at a minimum Treasury Secretary!
The Engineered Demise of Sovereignty: Land Claims, Woke Activism, and the One-World Technate State
Unpacking the Long Game of Control in the Place Called Canada
We are witnessing a profound strategic long game unfold, one that has been in the works for decades, if not centuries. This isn't just about local politics or isolated events; it's a meticulously planned transition, moving us from a kingdom state to a nation state, and now toward a one-world technate state. The current surge in First Nations land claims in the place called Canada, coupled with the relentless push of woke ideology, is one of the most visible paths to achieving this final stage. The people in the shadows - those implementing Agenda 21, considering the Iron Mountain Report, and following the recommendations of the Committee of 300 -have been planning this since before World War II. They are using seemingly disparate issues to dismantle existing property rights and sovereignty, turning the entire country into what they view as a slave plantation.
The Precedent of Land Claims and UNDRIP
The critical pivot point is set by notes like the one from Brett Hawes, which warn that once the precedent is set, it will sweep across the rest of the province and the country. The consecration of the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) into BC law in 2021 is where we are now starting to see the ramifications. Are those constant land acknowledgements finally starting to make sense? This isn't just symbolic; it's setting a legal condition.(option 2 Adverse possession)
Thank You again, Ellen. This will go into my next blog post of news and analysis:
"Printing money is not inherently inflationary. It depends on what the money is used for. If it funds speculation, it inflates bubbles. If it funds production, it builds prosperity. The vaunted independence of the Fed is not a constitutional mandate but is a political choice."
It also matters, as you have often pointed out, that profits going to the public purse are different from profits being extracted to the private purse, where they are tasked to extract more profits, rather than build societal wealth and/or stability.
"Maximizing shareholder benefit" necessarily impoverishes a society.
💯
It's in here: https://drjohnsblog.substack.com/p/reporting-from-hell
"History shows that sovereign money creation can be a tool for public good when wielded wisely. It is time to reclaim that tool, not to serve the banks and speculative investment but to serve the public and the productive economy." I agree wholeheartedly. I think sovereign money creation, which the American Revolution was all about, should be the focus of our political activism for it determines who makes the rules. Do we want a system run by a profit-motivated few, or a public system that is care-motivated and serves the many? The legislation is already wrtten to create a sovereign money system. The 2011 NEED Act HR2990.
I would like to see the Federal Reserve officially part of the US government but not aligned with policies created by mostly corrupt presidents and politicians. Having politicians choose policy is like asking children to choose if they want ice cream for dinner. The reason I’d like the Fed as part of the US government is for MMT purposes. MMT argues that the government essentially destroys tax revenue, as it’s not advantageous and is harmful to the economy. Suppose the Federal Reserve is part of the US government. In that case, the government can create a policy to redirect tax revenue to the Federal Reserve, which can utilize the 12 regional Federal Reserve Banks as the wholesale public Bank of the United States, providing funding to states, counties, cities, and other governmental entities that wish to establish a public bank and possess adequate assets and cash flow.
I completely agree that increasing public infrastructure projects is a good idea, and your history of the FED and the government is spot on as well. One thing I'd like to add to your analysis is the fact that the vast majority of money creation is funneled through enterprise and government projects and only "trickles down" to the individual. This paradigm of Indirectness is not only inefficient it actually re-inforces the power of oligarchy. Don't get me wrong direct funding of public and private projects is also legitimate...its the monopoly paradigm of Indirect Funding ONLY that is the problem. And this is why Direct funding with a universal dividend and a 50% Discount/Rebate policy at retail sale..along with public and private projects...would enable even greater, more stable and democratic growth and development.
Another thing if I may. The framework of "Free" Market Theoretics that neo-liberal and libertarian economists throw around is actually a misnomer for chaos because it has become a fetishization AKA TOTAL FREEDOM...when there is only freedom within known and enforceable barriers...because there's this little thing called ethics/the rational consideration of mere morals. So chaos is absolutely not good, growing the productive economy along with public indirect funding enables a little freedom for the general populace and both indirect and DIRECT funding greatly increases that freedom. Good example of this freedom and establishing known and enforceable barriers would be the above two policies that would double everyone's purchasing power while transforming chronic erosive inflation into beneficial price and asset deflation...and then saying to enterprise: Okay, in exchange for doubling the potential demand for your goods and services with these policies you can raise your prices in a way that causes an honest assessment of monthly calculated and per annum inflation of 2%, but any higher price raising and particularly any "greedflation" will now be taxed at a rate of at least 100%.
Stratagic Direct non-debt funding is a monopoly busting, freeing, integrative of long standing opposing self interests, a bureaucracy busting phenomenon, and even a psychological/social/spiritually beneficial applied concept.
Examples: Monopoly...shown above, Freeing...also shown above,Traditionally opposed self interests...shown above, bureaucracy busting...with a $1000/mo. universal dividend and a 50% Discount/Rebate at retail sale why would we need most of the welfare and unemployment insurance payroll taxes? psychological/social/spiritually beneficial applied concept...going to the store to receive a gift of 50% of the price of virtually everything and everyone participates/is effected by retail sale...its Christmas everyday and the greatest opportunity to self actualize gratiude for a gift since meditation and prayer.
Abolish the Fed and the Fed’s practices and create a National Bank for purposes of lending long term low interest credit for modernizing economic Infrastructure, manufacturing, healthcare, education, and R&D. The new National Bank could sell bonds to raise cash. It could also use the federal debt to extend long term credit, the way Alexander Hamilton did to pay off the debt of the Colonies.
love everything you write, @Ellen. Would love to get a chat in, as we're getting close with the WEconomy. Would love any thoughts you have on our approach to institutionalizing it to the benefit of communities in crisis through local jobs/innovation hubs...as you say, "It is time to reclaim that tool, not to serve the banks and speculative investment but to serve the public and the productive economy."
http://WEconomy.Us and if you want a more navigational journey, just click the "town square" image on the home page there. a fun Prezi.
all the best.
Thank you Ellen. Your concluding sentence sums it all up: "History shows that sovereign money creation can be a tool for public good when wielded wisely. It is time to reclaim that tool, not to serve the banks and speculative investment but to serve the public and the productive economy. "
I nominate you for US President, or at a minimum Treasury Secretary!
The Engineered Demise of Sovereignty: Land Claims, Woke Activism, and the One-World Technate State
Unpacking the Long Game of Control in the Place Called Canada
We are witnessing a profound strategic long game unfold, one that has been in the works for decades, if not centuries. This isn't just about local politics or isolated events; it's a meticulously planned transition, moving us from a kingdom state to a nation state, and now toward a one-world technate state. The current surge in First Nations land claims in the place called Canada, coupled with the relentless push of woke ideology, is one of the most visible paths to achieving this final stage. The people in the shadows - those implementing Agenda 21, considering the Iron Mountain Report, and following the recommendations of the Committee of 300 -have been planning this since before World War II. They are using seemingly disparate issues to dismantle existing property rights and sovereignty, turning the entire country into what they view as a slave plantation.
The Precedent of Land Claims and UNDRIP
The critical pivot point is set by notes like the one from Brett Hawes, which warn that once the precedent is set, it will sweep across the rest of the province and the country. The consecration of the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) into BC law in 2021 is where we are now starting to see the ramifications. Are those constant land acknowledgements finally starting to make sense? This isn't just symbolic; it's setting a legal condition.(option 2 Adverse possession)
The Mortgage Renewal Crisis
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Read more link:
https://prosepma.ca/forum/viewtopic.php?p=253#p253