PREREQUISITES FOR CREATING A VIBRANT & STABLE ECONOMY
Regardless of the course of correction required, which were outlined above, for the United States to jumpstart a vibrant economy and create a strong dollar, the U.S. economy needs to take following steps:
1) Stimulate demands primarily in those manufacturing sectors that by using those products that would help in reducing the cost of living. There are endless products of these types that would help in this cause. These products must have at least two features: a) these products must have a "decentralized" application; and b) these products must have massive use by consumers. By implementing such a policy, our nation would be able to finance the entire project with savings that are created.
2) The required investment is no more than the outlay of money for financing the projects, which would be making sound profits in the process. This financing requires making low-cost loans and mortgages available to private households and small businesses to help strengthen growth and for expansion.
3) To finance these projects we need publicly-owned banks in all 50 states, which in turn would provide low-cost mortgages and loans to private households and businesses. The profits of these banks could be returned directly into the economy, and among other positive aspects would be to help replacing the loss of revenues from property taxes with these profits to local and state governments.
4) To use private funds as sources of investments to spur the manufacturing base of these products, we must tax exempt all the dividends and capital gains in those industries, which would qualify as preferred ones for exemption.
By employing these steps along with the implementation of the Concept of a Zero-Cost Economy, which is based on measures to "freeze", "reduce" and wherever possible "eliminate" the costs of all types, especially "recurring cost" we would be heading towards a stable, sustainable and prosperous economy, in which economic security and stability is provided. For more details, please visit www.zerocosteconomy.com.
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