Then, a century later, on June 4, 1963, John F. Kennedy signed Executive Order 11110 which set in motion the issuance of silver certificate notes, currency backed by silver reserves being held at that time by the U.S. Treasury. Here's an example.
Records show that Kennedy initially issued $4,292,893,825 worth of cash money. This bypassed the established procedure of borrowing money into circulation from the Federal Reserve. $20 billion of such United States Notes were eventually put into circulation before he was assassinated.
Moral of the story: WE DON'T HAVE TO BORROW MONEY TO CREATE CURRENCY. Period!
Granted, at this point, it would be reasonable to ask: But what about all the money we now owe? And what do we do about the debt that is so out-of-control, that continues to accumulate at such mind-boggling, horrifying rate -- estimated at $1 trillion every three to four months?
Which brings us to the more constructive aspects of this article.
At the risk of someone accusing me of being open-minded, imaginative, and employing some common sense -- truly unforgivable in today's environment -- let me point at two truly innovative, highly promising proposals. I won't cover them in detail here. Each requires much discussion and analysis. But they are examples of bold, creative, outside-the-box approaches, the kind that NEVER get discussed by the stubborn, boneheaded robots we now have in Congress, or by the puppets of the ruling elite in our corrupt pay-for-play media who protect their cushy jobs by incessantly lying to the public.
1) The entire national debt could be erased by having the Treasury issue a $34+ trillion dollar coin and depositing it with the Fed to pay off all of the outstanding bonds. Debt problem solved.
2) A miniscule .1% financial transaction across the board could replace all taxes and generously fund the entire operations of our governments at all levels. No more fighting over tax rates of sales, income, or property taxes, because taxes would be a thing of the past.
Of course, either of these or similar "revolutionary" ideas would be rejected by those now in control. Which underscores the urgent need to replace or circumvent the deadbeats who are holding our nation and all its people hostage to an unsustainable and onerous economic model. Granted, achieving such a monumental shift in power is a daunting task. But it's certainly doable. How to organize such a coup is a matter for another article.
In the interim, let me propose a gateway for beginning the process of reprogramming our thinking and attack on the "unsolvable" stumbling block of insolvency.
First, as unhappy as this will make the banking cartel, we return the function of money creation to Congress as mandated by our Constitution -- starting immediately -- by not borrowing a single penny going forward, but by issuing something I call Peace Dollars in order to cover shortfalls in tax revenue. In parallel, we cut the bloated defense budget in half. These are the foundation for restoring a "consumer" economy, i.e. replacing the war economy we now have. Peace Dollars would function as domestic-use only currency, and as the name implies, target all enterprises which promote peace, a harmonious economy, peace coexistence within our borders and across the globe.
These two moves will trigger a soft revolution for one simple but obvious reason. What I said before applies doubly here. Such bold "revolutionary" ideas will be rejected hands down by those now in power. Which gives us one option: REPLACE THOSE NOW IN POWER.
From a practical standpoint, these two proposed actions, which are a "gateway" for even more profound, sweeping systemic changes down the road, give us a handy benchmark for determining whether a candidate for Congress or President, for example, deserves our vote. Yes of no? Does he/she support the use of Peace Dollars and the 50% reduction in defense spending? Or not. If not, they do not deserve our votes. If they do, they get our full support. Do this on a national scale at all levels and you end up with elected government which is independent of the pressure and control of those who now abuse their privileged positions in society, promote endless war, and have us on the road to infinite debt.
This strategy is covered in more detail at our website. Please start here . . . Click Here.
If you like what you see there, then let's get to work! We've got a lot to do and not much time to get it done.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
2
2
1
