Hi, here is my latest article, posted on ScheerPost: THE FEDERAL DEBT TRAP: ISSUES AND POSSIBLE SOLUTIONS “Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is paying the wealthy to borrow their money.”
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.
Thank you Ellen, brilliant as usual, and full of sensible, fair, constructive solutions like auditing and trimming the bloated Pentagon budget, clipping interest payments and the debt, instituting a 0.1-0.25% financial transaction tax (taxing the intangible monetary economy instead of the material economy of labor, goods and services), and funding a national public infrastructure bank. Who could oppose this, besides greedy, psychopathic control freaks who seek to dominate the world?
Thanks and agreed!
Thanks Rich!
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
Why Should GUV borrow ?
Who Controls the Money ?
https://www.youtube.com/watch?v=2HRt6sSXpOQ
Great piece! Amazing presentation by Max!
Thank you Ellen, brilliant as usual, and full of sensible, fair, constructive solutions like auditing and trimming the bloated Pentagon budget, clipping interest payments and the debt, instituting a 0.1-0.25% financial transaction tax (taxing the intangible monetary economy instead of the material economy of labor, goods and services), and funding a national public infrastructure bank. Who could oppose this, besides greedy, psychopathic control freaks who seek to dominate the world?