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So our government has the constitutional authority and obligation to mint interest-free money all by its lonesome.Does it do that? Of course not; that would make far too much sense and cents. It borrows money, on interests, from banks.
Banks, on the other hand, have the power, given to them by our government, to create interest-free money out of thin air and lend it, with interest, to you and me.
You see, a while back the bankers got together and bribed the politicians to vote for our government to give the bankers this power. Ain't that America!
This means that banks make more money, the more money they lend. With little to no regulation, they'd be happy to lend you a million dollars to buy a house whose real worth, in location and square footage, is a fraction of that amount. And so that's what they did.
Sadly, while banks have the power to create hocus pocus money with a few strokes at the keyboard, you and I don't have the power to magically materialize the money to pay back the interest.
With too much shady lending rigged to maximize profits from interest, too many people default on their loans. The banks need our help!
No they don't. Right now, the American public is Luke Skywalker, stuck in a heap of slimy compacting garbage on the detention level of the Death Star. The banks are the compactors, squeezing us for every breath of life we've got.
In the immortal words of C3PO to R2: "Shut them down! Shut them all down!"
It's simple. We don't need banks. One central USG Bank is all we need. It's our bank. It's our right (we won the American Revolution, didn't we?). It's our money. It can loan to us all the money we need, interest-free, without any parasitic middleman shaving off a percentage of our blood, sweat, and tears. Usury is dead!
Instead of giving a dime to a collapsing bank, our new USG Bank can refinance all of our defaulted loans by simply removing the interest rate. If you've lost a home, would you pay to get it back if your monthly payment no longer included interest, and perhaps reflected a more moderate appraisal of the home's value? Sure you would.
Our taxes will easily cover the salaries of our government's employees running the bank, especially since none of them will be getting golden parachutes for Christmas. And really, how many employees does it need in this age of Internet banking?
This solution is not only simple; it is long overdue. Whatever bailout our current corporate-controlled president oversees, our next president should set matters straight, take back our government's power to create money, and in so doing kill two vultures with one stone.
