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The Enormous Potential of Interest-Free, Government-Issued Currency, Part 2

By   Follow Me on Twitter     Message Richard Clark     Permalink
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Our Great Task then is to complete that part of government left inadequately defined by the founders, i.e. to more precisely define the money power that we could have achieved in our society (and might still achieve), and then bring it securely within the proven system of checks and balances our founders often put in place in the creation and formation of our government .  

History shows that the money power will act like a fourth branch of government whether we recognize it as such or not.   And it's not safe (or financially sane) to leave so much power and privilege in private hands!   So, we must not shrink from our responsibility to begin implementing the long-known solutions to this problem.   We start by placing the "money power" within our government where it obviously belongs.   (Or would you prefer to let Goldman-Sachs continue to exert ever more influence and control over our government and the world economy?    Would you prefer to let companies like "Enron" continue to exert way more influence over the economy than should be allowed?   And yes, Enron agents were on the Dallas Fed Board! )

As the late Congressman Wright Patman, Chairman of the House Committee on Banking and Currency for over 16 years, said

, "I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money.   I believe the time will come when people will demand that this be changed.   I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue."

 

Source article from part of which the one you've just read was generated, by integrating quite a few edited excerpts.

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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 

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