True, but I didn't mean to be endorsing their economy, just pointing out that it is possible to radically increase the money supply without creating price inflation -- possible so long as the funds go into productive rather than speculative pursuits.
All it takes is a little common sense, not a miracle.
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.
How To End The Federal Reserve & Erase The National Debt
(from the source article): " China has implemented price controls on iron ore, copper, corn, grain, meat, eggs and vegetables as part of its 14th five-year plan (2021-2025), to ensure food security for the population. Particularly important in maintaining price stability, however, is that the money has gone into manufacturing, production and infrastructure. GDP (supply) has gone up with demand (money), keeping prices stable. "
In the USA, this would be called "regulation" and some influential or rich persons would say they are "against regulation." "Regulation" is ideologically decried. Of course regulation already exists in the USA. What these ideological free-marketers are really against is the open discussion of regulation. China was not hamstrung by this. Rigid ideology will be our undoing here in the USA.
Government corruption arises from affluent individuals and corporations who have effectively purchased most politicians. These politicians, lacking integrity, enact laws that facilitate the excessive accumulation of wealth and income by a selfish and greedy elite.
The Soviet Union was corrupt to the core. 99% of the miserable people were poor to the point of starvation, yet corruption was rampant because that was the only path to materials for survival. 1% lived like kings and the rest killed each other to survive. No corporations are necessary.
Per the CBO Total Wealth adjusted for inflation: The wealth held by families in the United States almost quadrupled between 1989 and 2022, rising from $52 trillion (in 2022 dollars) to $199 trillion.
Families in the bottom half of the distribution held 6 percent of all wealth in both 1989 and 2022.
Congratulations on your new SubStack website, Ellen!
I just posted a comment on this article on scheerpost.com so I'll just say, quite an informative article on China's progressive rise in just a few decades.
Thanks for mentioning Richard Werner, who previously noted how constructive monetary policy came of benefit Japan, until corrupted by international banks.
A slightly different take on Infrastructure Banking is a theme of "Unseen Empire" by David Starr Jordan. He lays the blame on war for generating non-productive debt that goes back to the banks without showing anything productive. Nations will insanely run up debt for military purposes, but see the potentially productive use of debt for infrastructure projects, or public welfare, as a "moral hazard".
For now, maybe we should develop better relationships with China, and see if we can outsource the Fed by entering a fiscal management contract with China ;-)
99% of he US population couldn't read the first paragraph. 65% are OBESE and another 10% overweight and no one accepts wha they can see with their eyes open. Need to fix bodies before minds.
Thanks!
True, but I didn't mean to be endorsing their economy, just pointing out that it is possible to radically increase the money supply without creating price inflation -- possible so long as the funds go into productive rather than speculative pursuits.
All it takes is a little common sense, not a miracle.
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.
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
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
Thanks William, good points!
Thank you Ellen.
(from the source article): " China has implemented price controls on iron ore, copper, corn, grain, meat, eggs and vegetables as part of its 14th five-year plan (2021-2025), to ensure food security for the population. Particularly important in maintaining price stability, however, is that the money has gone into manufacturing, production and infrastructure. GDP (supply) has gone up with demand (money), keeping prices stable. "
In the USA, this would be called "regulation" and some influential or rich persons would say they are "against regulation." "Regulation" is ideologically decried. Of course regulation already exists in the USA. What these ideological free-marketers are really against is the open discussion of regulation. China was not hamstrung by this. Rigid ideology will be our undoing here in the USA.
Corruption is the work product of government. What do you expect from a group that takes wealth by force and redistributes it to their allies?
Get wise to the regulation/regulatory prison for your mind, because that is how they control you. Learn about it in my podcast here:
https://open.substack.com/pub/soberchristiangentlemanpodcast/p/s2-ep-46-the-regulation-deception?utm_source=share&utm_medium=android&r=31s3eo
Government corruption arises from affluent individuals and corporations who have effectively purchased most politicians. These politicians, lacking integrity, enact laws that facilitate the excessive accumulation of wealth and income by a selfish and greedy elite.
The Soviet Union was corrupt to the core. 99% of the miserable people were poor to the point of starvation, yet corruption was rampant because that was the only path to materials for survival. 1% lived like kings and the rest killed each other to survive. No corporations are necessary.
Per the CBO Total Wealth adjusted for inflation: The wealth held by families in the United States almost quadrupled between 1989 and 2022, rising from $52 trillion (in 2022 dollars) to $199 trillion.
Families in the bottom half of the distribution held 6 percent of all wealth in both 1989 and 2022.
https://www.cbo.gov/publication/60807#:~:text=Adjusted%20for%20inflation%2C%20the%20wealth%20held%20by,made%20up%20about%2040%20percent%20of%20wealth.
And how was that wealth distributed?
And how was that wealth distributed?
Congratulations on your new SubStack website, Ellen!
I just posted a comment on this article on scheerpost.com so I'll just say, quite an informative article on China's progressive rise in just a few decades.
thanks!
Thanks for mentioning Richard Werner, who previously noted how constructive monetary policy came of benefit Japan, until corrupted by international banks.
A slightly different take on Infrastructure Banking is a theme of "Unseen Empire" by David Starr Jordan. He lays the blame on war for generating non-productive debt that goes back to the banks without showing anything productive. Nations will insanely run up debt for military purposes, but see the potentially productive use of debt for infrastructure projects, or public welfare, as a "moral hazard".
For now, maybe we should develop better relationships with China, and see if we can outsource the Fed by entering a fiscal management contract with China ;-)
Thanks.
Excellent!
While the economy looks good what is the cost to humanity?
One reason why the Chinese workers have saved a lot of funds because they don't get much time away from work?
9am - 9pm 6 days a week.
99% of he US population couldn't read the first paragraph. 65% are OBESE and another 10% overweight and no one accepts wha they can see with their eyes open. Need to fix bodies before minds.
The Anti-Wellness Diet free on amazon.