We are in serious trouble. Our future depends on our ability to address the right things instead of toying around with the fringes. The last major game changing - life changing events for the benefits of freedom were Social Security and Medicare. Now we need to finish the job and focus on the root cause of all the problems.
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It is quite maddening to hear all the discussion about deficit reduction, grand bargains, plans to address joblessness with deficit reduction as a major component, and massive war spending, when none of these addresses the real problem. We have neither a tax problem nor a spending problem.
I wonder if the President or any of the Republicrat candidates could address the following: Money is currently created by private institutions as debt. This is called credit. We had a credit crunch during the 2008 financial meltdown showing the importance of new money needed constantly in circulation for operation of the economy. The basis for all money creation or "credit' stems from Government debt.
The Federal Reserve buys treasury bonds from the US Treasury. Banks buy these bonds from the FED. This is the basis (reserves plus deposits) on which they can lend money. This extremely important credit flow ultimately depends on the Government going into debt.
During the 1990's after Clinton balanced the budget, serious concerns were raised about paying off the debt. If there was no more need for government borrowing, credit would dry up. So how does the Federal Reserve System of money creation work? And, if you can, then explain why the government can't just print money instead of allowing the government to be in debt. Thomas Edison said, "the government can issue a bill (Money) just as easily as it can issue a bond." If our leaders DO understand money, then they are in collusion with the money masters to keep themselves elite and in power and in control.
Debt-free money should be circulated directly into the economy by way of its citizens based on value. Money should precede value (value is what we create -- food, housing, education etc.) and justifies debt-free creation of new money. Debt-free government spending for its military and government services are the answer to not only the jobs problem but national debt, war development of new energy, almost no taxes, trade issues, poverty, development of quality medical care, real free markets and a host of other major problems we face today.
A new money system is civilization's game-changer. A new money system is the beginning of real democracy and true freedom, as well as offering a means of working together to finally to solve our future's problems.
Authors Bio:I have worked in the IT industry for 30 years. I'm currently working as developer but had the opportunity in the past to manage a small IT software development group in a critical health care application. As such I have become familiar with systems thinking methodologies and all its necessary prerequisites such as critical thinking, failure modes and effects analysis, strategic planning, and a myriad of other practices which are primarily, when you boil it all down, methods aimed at getting to the truth in a non- threatening and non intimidating way.
During my career I became more and more intrigued by the way even no profit business would cut off it nose to spite its face. Instead of investing in the very things that would improve every aspect of business including, especially the financials, they cut them. The tools, training, and people were the first things that would get cut. Root cause analysis is also a fundamental practice within quality organizations using systems thinking and other modern but not new tools to improve. In a mission critical IT application these things are imperative. Luckily Our IT department had the opportunity to learn and use many of these tools to ensure the safety of our ultimate's consumer. Over time I used root cause analysis on this very problem and easily came to the conclusion most people already understood well. It's the money. I've come to understand it is always the money. No matter what problem we face we can ALWAYS trace it back to the money. Who didn't know that right? But I asked one more question to myself. If money is always the problems why aren't we looking at the system of money itself? Surely they can fully understand it IS the problem and needs to be reviewed and improved, revised or replaced altogether with something that honestly values the values of our culture of truth, justice, freedom and equality. From a strategic view which is the tool used to implement policy to put life into our values and vision you learn these systems we use whether in business or government or politics must ALIGN with these values. Strategic planning is an excellent tool for implementing our values if done sincerely, without preconceived notions or a preplanned agenda.
These experiences and the knowledge started about a 15 year journey for me to discover all I could about the monetary system and has been a remarkable journey which has shown me just how far we have strayed from our founding values if we ever embraced them in the first place. I have discovered that the monetary and banking systems are in fact very destructive and I am still flatly amazed at how misunderstood they are and the willingness of the masses to simply accept it and the unwillingness of the powers to be to even discuss it let alone change it. It does make sense however, when you fully understand that money is the most powerful arbiter of justice in the world and those who administer the creation of money through debt are THE most powerful people in the world. The current world wide westernized monetary system has been with us for all practical purposes for 500 or so years. This system is the sole reason progress is slower that it needs be or should be. Money permeates every aspect of our lives. Our government was formed on the fundamental idea that government was to protect our rights and service us and that no institution would be held higher than humanity. Money is a system. Money is rightfully a public system which should be owned by the owners of the democracy it serves. That system needs to serve people. Instead currently we the people serve it. This has never been clearer than in the last few years as we saw the collusion between government and banking at citizen's expense and the current narrow minded policies of the current congress, and several state governors. Richard Clark who writes often here has done us all a service by keeping us up to date on the ills of this institutionalized corruption.