Mack.S.Power said...
The whole thing sounds like a case of mega racketeering to me. The fed and private banks create the problem then threaten the economies of the world if they do not get piles of cash. Even worse, though, is the fact that they essentially control the financial edifice through revolving door politics. Sadly most people are too wrapped up in one side issue or another to care or even rationally think about the root problem which is a major part of their everyday lives, namely the monetary system that is everyone's yoke.
I believe Government should take back control of money and use it as the commons it truly is, it does after all belong to the nation and not some financial wizards and their cronies. I think a fee should be attached that is equivalent to all Government expenditures, with the amount of money created equaling G.D.P., and then afterwards the Government should reverse auction that money to private banks, with the banks that would lend it at the lowest rate above the expenditure fee winning the auction, using newly chartered banks if necessary. This would get rid of the IRS and all other forms of taxation, make it impossible to cheat on taxes and create an environment where useful products were much more likely to be created than the one we have now. It would also move money from the financial casino that currently exists into Government spending, drastically reducing everyone's tax rate. Everyone would win except the financial industry which appears to be nothing but a massive swindling and racketeering scam anyway, it is about time the entire obsolete industry was massively shrunk in size and power, in my opinion.
I believe Government should take back control of money and use it as the commons it truly is, it does after all belong to the nation and not some financial wizards and their cronies. I think a fee should be attached that is equivalent to all Government expenditures, with the amount of money created equaling G.D.P., and then afterwards the Government should reverse auction that money to private banks, with the banks that would lend it at the lowest rate above the expenditure fee winning the auction, using newly chartered banks if necessary. This would get rid of the IRS and all other forms of taxation, make it impossible to cheat on taxes and create an environment where useful products were much more likely to be created than the one we have now. It would also move money from the financial casino that currently exists into Government spending, drastically reducing everyone's tax rate. Everyone would win except the financial industry which appears to be nothing but a massive swindling and racketeering scam anyway, it is about time the entire obsolete industry was massively shrunk in size and power, in my opinion.
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