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Six postulates designed to lead to a wealthy nation.

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Six postulates designed to lead to a wealthy nation.

  1. There never is a shortage of money -- only the national will to create it.
  2. There is an inexhaustible demand in every country for wealth of all kinds.
  3. A worthwhile project is herewith defined as one which generates more wealth than the monetary cost of the project.
  4. A sovereign nation can create any amount of temporary money through loans.
  5. Once those loans are paid back, the money is extinguished -- but the generated wealth remains.
  6. That wealth naturally creates more wealth (subtract depreciation) every year.


Glossary
--

  1. Wealth -- those things that are valued by the people of the country.
  2. Project -- a human effort which produces products and services. Examples of products
    and services are machinery, tools, homes, factories, food, clothing and recreational facilities
    and devices.
  3. Money -- legal tender or currency.
  4. Temporary loan money -- that money which is (a) created by the government or banks in (b) the form of a (c) well collateralized loan, under (d) a legal contract and a (e) downside leverage banking system, wherein the loan money is extinguished when it is paid back.
  5. Downside leverage banking system -- a banking system in which the lending bank has a downside leverage of 10 to 1 -- wherein, for every dollar lost through a bad loan, the lending bank must reduce its outstanding loans by $10.
Is that simple enough for you? Martin R. Carbone
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Retired engineer, product and business developer, inventor (six patents). Currently (a) trying to completely understand our money and banking systems and (b) planning to pass that information to the American public. Photo is ca. (more...)
 

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As long as you define wealth as being something of... by David Chester on Monday, May 17, 2010 at 1:02:08 PM