Perhaps the greatest scam perpetrated by the banksters on humanity is that an independent sovereign nation needs to borrow other people’s money to fund its operations.
An independent sovereign nation doesn’t need to borrow other people’s money, doesn’t need to tax the income of its citizens and businesses, and doesn’t need a warehouse of gold in order to fund its operations.
An independent sovereign nation has the sole authority and power to create money out-of-thin-air and infuse that money into the economy through government contracts for goods and services, and by issuing loans through the National Treasury Bank.
Consumption Taxes on purchases of goods and services and Property Taxes on consumption of land use should be levied to fund State and Local Government Operations.
YES, THE SOLUTION IS TO OUTLAW AND FORBID THE EXISTENCE OF PRIVATELY OWNED COMMERCIAL BANKS, AND ONLY ALLOW THE EXISTENCE OF A NATIONAL TREASURY BANK THAT MAKES LOANS OF MONEY CREATED OUT-OF-THIN-AIR AND PAYS INTEREST ON SAVINGS HELD AT THE NATIONAL TREASURY BANK.
THE NATIONAL TREASURY BANK WOULD OPERATE SIMILAR TO AN INTERNET BANK (ALLY BANK) WITH A CREDIT CARD AND SUB-BRANCHES LOCATED IN FEDERAL POSTAL DISTRICTS.
Also, people need to accept that gold & silver are nothing more than soft shiny metals with beneficial electrical and thermal properties, and are aesthetically pleasing to the eyes.
How To End The Federal Reserve & Erase The National Debt
That fact is that an independent sovereign nation doesn’t need to borrow other people’s money by creating bonds out of thin air and then selling those bonds to the public, and an independent sovereign nation doesn’t need to tax the incomes of its citizens and businesses, and an independent sovereign nation doesn’t need a warehouse full of gold in order fund its operations.
An independent sovereign nation has the sole authority and power to create currency out of thin air by issuing government contracts for goods and services, and by issuing loans through a National Treasury Bank.
Today, it is the Banksters who create currency out of thin air when they issue loans, and then they profit from the interest collected on those loans. The Banksters also profit from the interest paid by the government to them on the bonds (that were created out of thin air) that they purchased from the government.
Bank Reserves are just a smoke-and-mirrors gimmick that the Banksters use to fool people into thinking their banks have solvency. A bank doesn’t need Reserves in “storage” in order to create loans out of thin air.
Scroll down a bit to see short video on Economic Democracy Act (prototype passed by Dem Missouri State Senate, signed into law by Repub gov in late 2022): now predictably stalled by regional Fed.
From the design that created the ESOP and got that bit into law.
[I was not able to leave this at your WordPress "Web of Debt" site. Blocked! Dangerous!]
"And as AI progressively replaces jobs, the government will need some form of universal basic income to supplement or replace worker salaries, perhaps 'Social Security for All.'"
And what's to stop the government from using universal basic income to further enact the digital control prison? No Real ID = no income. No mandatory vaccines = no income. Refusing to stay within your 15-minute zone = no income. Etc.
The irony of the GOP tax cuts for the rich, supported by a huge swath of the working class, is that it was the income tax with its high upper marginal tax rates that created our extensive middle class. It ended the Gilded Age because wealth aggregates, it does not trickle down, and if wealth is not controlled it takes control. What we need is for the tax rates of the 1960s to be brought back to end the skim of workers' earnings by the rich.
Progressive taxation creates and maintains the middle class, flattening the tax rates erodes it. The GOP is the party of the rich.
“The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact.” -George Orwell
Is the Age of Big Bang Cosmology and ‘the Science of Scarcity’ Finally Coming to an End?
To avoid the inherently dangerous centralization of power in 'some sort of UBI', see the interest-free UBO (Universal Basic Ownership) comparison with standard UBI. The interest-free loans (subject to bookkeeping fee), are through Section 13 of the Fed discount window; and are for the purchase of vetted productive property, collateralized by insurance, with full dividend, tax sheltered payouts.
Don't worry about the robot taking your job when you own that robot and its output.
Perhaps the greatest scam perpetrated by the banksters on humanity is that an independent sovereign nation needs to borrow other people’s money to fund its operations.
An independent sovereign nation doesn’t need to borrow other people’s money, doesn’t need to tax the income of its citizens and businesses, and doesn’t need a warehouse of gold in order to fund its operations.
An independent sovereign nation has the sole authority and power to create money out-of-thin-air and infuse that money into the economy through government contracts for goods and services, and by issuing loans through the National Treasury Bank.
Consumption Taxes on purchases of goods and services and Property Taxes on consumption of land use should be levied to fund State and Local Government Operations.
YES, THE SOLUTION IS TO OUTLAW AND FORBID THE EXISTENCE OF PRIVATELY OWNED COMMERCIAL BANKS, AND ONLY ALLOW THE EXISTENCE OF A NATIONAL TREASURY BANK THAT MAKES LOANS OF MONEY CREATED OUT-OF-THIN-AIR AND PAYS INTEREST ON SAVINGS HELD AT THE NATIONAL TREASURY BANK.
THE NATIONAL TREASURY BANK WOULD OPERATE SIMILAR TO AN INTERNET BANK (ALLY BANK) WITH A CREDIT CARD AND SUB-BRANCHES LOCATED IN FEDERAL POSTAL DISTRICTS.
Also, people need to accept that gold & silver are nothing more than soft shiny metals with beneficial electrical and thermal properties, and are aesthetically pleasing to the eyes.
How To End The Federal Reserve & Erase The National Debt
[https://open.substack.com/pub/william3n4z2/p/how-to-end-the-federal-reserve-and?r=1kb28q&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false](https://open.substack.com/pub/william3n4z2/p/how-to-end-the-federal-reserve-and?r=1kb28q&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false)
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&showWelcomeOnShare=false](https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false)
I am not proposing Modern Monetary Theory!
That fact is that an independent sovereign nation doesn’t need to borrow other people’s money by creating bonds out of thin air and then selling those bonds to the public, and an independent sovereign nation doesn’t need to tax the incomes of its citizens and businesses, and an independent sovereign nation doesn’t need a warehouse full of gold in order fund its operations.
An independent sovereign nation has the sole authority and power to create currency out of thin air by issuing government contracts for goods and services, and by issuing loans through a National Treasury Bank.
Today, it is the Banksters who create currency out of thin air when they issue loans, and then they profit from the interest collected on those loans. The Banksters also profit from the interest paid by the government to them on the bonds (that were created out of thin air) that they purchased from the government.
Bank Reserves are just a smoke-and-mirrors gimmick that the Banksters use to fool people into thinking their banks have solvency. A bank doesn’t need Reserves in “storage” in order to create loans out of thin air.
Watch the John Titus YouTube video:
Mommy, Where does money come from?
[https://youtu.be/S_dBKAWHHQI?si=Rdax-GrFmQ7zamX6](https://youtu.be/S_dBKAWHHQI?si=Rdax-GrFmQ7zamX6)
[https://youtube.com/@bestevidence?si=nvQ-XJ_zxRbssjfN](https://youtube.com/@bestevidence?si=nvQ-XJ_zxRbssjfN)
Why not make those who own the country pay for running it? Time for a land value charge as urged by Henry George.
Why not everyone an owner, through an honest money system, to defuse power and thereby enabling the best check against corruption?
See https://gjmer.org/ for more.
Scroll down a bit to see short video on Economic Democracy Act (prototype passed by Dem Missouri State Senate, signed into law by Repub gov in late 2022): now predictably stalled by regional Fed.
From the design that created the ESOP and got that bit into law.
[I was not able to leave this at your WordPress "Web of Debt" site. Blocked! Dangerous!]
"And as AI progressively replaces jobs, the government will need some form of universal basic income to supplement or replace worker salaries, perhaps 'Social Security for All.'"
And what's to stop the government from using universal basic income to further enact the digital control prison? No Real ID = no income. No mandatory vaccines = no income. Refusing to stay within your 15-minute zone = no income. Etc.
Makes sense, Ellen. How would US/America's billionaires feel about it?
The irony of the GOP tax cuts for the rich, supported by a huge swath of the working class, is that it was the income tax with its high upper marginal tax rates that created our extensive middle class. It ended the Gilded Age because wealth aggregates, it does not trickle down, and if wealth is not controlled it takes control. What we need is for the tax rates of the 1960s to be brought back to end the skim of workers' earnings by the rich.
Progressive taxation creates and maintains the middle class, flattening the tax rates erodes it. The GOP is the party of the rich.
Interesting article. I need to read it again to wrap my head around it. But, sounds plausible to me.
Recognize that land value is a community produced flow, a flow of value that should finance all public needs. No need to penalize work and production.
“The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact.” -George Orwell
Is the Age of Big Bang Cosmology and ‘the Science of Scarcity’ Finally Coming to an End?
https://matthewehret.substack.com/p/is-the-age-of-big-bang-cosmology
To avoid the inherently dangerous centralization of power in 'some sort of UBI', see the interest-free UBO (Universal Basic Ownership) comparison with standard UBI. The interest-free loans (subject to bookkeeping fee), are through Section 13 of the Fed discount window; and are for the purchase of vetted productive property, collateralized by insurance, with full dividend, tax sheltered payouts.
Don't worry about the robot taking your job when you own that robot and its output.
https://gjmer.org/ubo-vs-ubi/
See home page for basics of full design (from the inventors of the ESOP). Upgraded now to enable each and every individual to own productive stock.
American website at https://www.cesj.org/