o Debt gone
o Interest gone
o Inflation gone
o Solutions are possible
These things are possilbe with proper focus but it would take massive and focused public support for something like HR 2990.
The financial crises has exposed one thing I believe, that might have perpetuated and pillaged us forever. It may still do just that if action isn't forthcoming. The issue of leverage, which in normal banking is known as fractional reserve banking and when used by financial institutions when using the same deposits over and over again to generate even more leverage and then creating instruments of leverage like MOU's and CWS and CDSs is called Re-hypothecation . Leverage is a masterfully profitable things for banks when used judiciously. Good Profitable banks create money from nothing, the ultimate leverage, and loaning to credible borrows returns massive profit. This in and of itself creates major financial problems but is nonetheless unimaginably profitable - but that wasn't good enough. They felt the need for greed. It allowed them hubristically to leverage their so called assets even more ( Re-hypothecation) to meet massive demand for more unsustainable profit by wealthy investors causing them to allow bad credit risks to obtain loans to meet demand (that was never there) which in the end triggered a collapse. These defaults though were not responsible for the collapse. They triggered them but didn't cause them. What caused it was the insane new financial instruments which had not been invented would have simply caused a depressed real estate market (bad enough but not devastating a whole economy) for a while but instead with massive "bets' out there with no reserves it caused these hubristic institutions to collapse allowing you and me to bail them out.
Until real fairness and equality exists for ALL we must fight the good fight for those principles. This is why you have to admire the OWS and even the Tea party for their focus of these inequities and concerns of fairness and justice all necessary for real freedom to breakout. Having stated the obvious aren't we tired of fighting this battle over and over again? Are we not able to connect the dots as to why this battle must be continually fought instead of participating in an ever expanding model of freedom, justice, development and creation. We seem to swing back and forth between a modicum of the fairness to which we are entitled, to outright tyranny, in one way or another, century and after century.
Here we are in the 21st century after a remarkably advanced technological century. Is it too much to think our civilization -- the model of how we are to coexist within a nation and among nations hasn't advanced but deteriorated in the last 30 years? How does this happen. How does our technology make leaps and bounds over the previous decade and century only to find our civil systems crumbling, the fabric of society and community destabilizing instead of strengthening. Is it the technology itself. I suppose it's part of the problem or is it. Or in fact has the technology kept us from full blown destruction and in fact offers at least some hope that if civilization functionalizes we may move forward without fear but confident we can solve our problems and survive, even avoid or minimize the crises we endure. More importantly that we can evolve as a species as well as individually to higher planes of existence.
And for those believing we have already hit humanities peak and are just bracing for the final demise, I suggest we pay attention to the prayer taught us by the master of prayer about how to pray. -- thy will be done, on earth as it is in heaven "', that we take this advice seriously and by virtue of starting this journey we strive to do that very task.
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