Friday, February 27, 2009

"Plain, Decent, Everyday, Common, Rightness."

Sometimes, you just have to watch this.

1939 Academy Award Winning Film

If you don't work to leave our country a better place, 
but instead just get all that you can get, 
who are you?
What have you become?
What will you really end up with?

"For what shall it profit a man, if he shall gain the whole world, and lose his own soul?"

Thursday, February 26, 2009

So, Then, It Can Be Done.

Heard Today, February 26, 2009.

U.S. Representative Miller from North Carolina was on television today where he said:
We will "make the banks do it."

So it appears that Congress can make changes to the banking system, by changing the law.

How about making a small change that can benefit the entire country, starting with Minnesota!

Pass HF888 and SF705   

Tuesday, February 24, 2009

Myth and Make Up

Q: Where do Bonds come from?
A: They make them up.

Q: Where does the money come from to buy the Bonds?
A: Electronic bookkeeping entries, loaned at interest.  They make that up.  It adds to our debt.

Q: Where does the money come from to pay the increased taxes to buy back the bonds when the bonds mature?
A: Electronic bookkeeping entries, loaned at interest. They make that up.  It adds to our debt.

Q: Regarding the money to pay off the mature bonds, where does the money to pay interest on that payoff money, come from?
A: Electronic bookkeeping entries, loaned at interest. Yep.  They make that up too.  More debt.

There are many myths about how they "make up" money. Here's the truth:

If money exists - at all - it has to be created.  Now, without making a needed change to our current system, that means it has been borrowed somewhere in the economy by a person, business or government.

Once it's created (borrowed), you may end up with some of it, by "capturing someone's loan principal" through commerce (you work for it or you sell something).  So, to you, it's not borrowed money - but someone still owes that money. 

Therefore, all money in our system is a debt obligation to someone.  All of our money is debt.

That's not pretty.  We should change that, don't you think?

Support Passage of 

Monday, February 23, 2009

Policy of Self Destruction

Brain Dead...
Beg For Money From The Chinese, When We Can Create Our Own.

Cover your ears if you get a bit queazy around the truth.

Hang your head if you are a elected official and you don't fix this. Our Government should never be borrowing money - it can create it's own! Check Article 1, Section 8 of the U.S, Constitution.

What do you expect? Should we applaud this destructive act of financial idiocy?

If you are a talking head in the media and do not pick up on this bill, how could one say that you are not be part of the problem?

Minnesota has the most robust answer to this economic fiasco.


Saturday, February 21, 2009

Why Desalination Plants Should Be Funded - Now.

California, listen up.
Stop rationing water to farms.
That is insanity. 
Famine follows drought.

The farms in this country better be rolling at peak efficiency - and that means they need water.

Why are we rationing water? 
Because our "leaders" lack imagination, vision and guts.  It's always easier to do what you've always done.  And that is just what they are doing. After all, "I can't do anything new or different - what if I'm wrong??"

Deploy new ideas before the perfect storm of short on money, short on water, unpayable debt, giant trade deficit, growing unemployment, decreasing revenues, and broken financial system hits all at once.

Most calamities are a combination of errors and malfunctions.  We should be moving to avoid this - not doing the same old thing.  Trying to borrow our way out of debt is the same old thing. 

We need clean water to live.
Our farms need it to grow food.
Are we short of water?  No.
How much water do we have? 70.78% of the earth's surface.
Of course much of that is salt water.
We can deal with that.

Or, are we just short of money?

The US Constitution recognizes Congress's power to create money - debt free - for infrastructure. Banks create money every day, except they do it as a loan. That always makes things worse. With passage of SF705 & HF888, Minnesota would allow State Banks to create debt free money for infrastructure. Tax free, interest free, inflation free.  The debt and tax load would not grow and the people of Minnesota would have modern high tech infrastructure that would be the standard for the world to follow.

Demand that our legislature make the changes that we need so that we can fund these most obviously necessary infrastructure enhancements. Our state and our country will be wealthier for it!  Jobs will be created, households, business, banks and farms will be stabilized. We need a back up system for water and the US could export technology in this area. 

How dry is it? CLICK HERE

The US should adopt a Desalination Project and directly fund arrays of desalination plants on both coasts and in the Gulf, onshore and offshore, using the principles of the MTA. 

This is a matter of National Security.

If you don't like the level of technology that is currently available - fund development.

We need to break ourselves of the cult-like mentality of "we can only do what the banks allow" and "we can only go as far as we can borrow".  Dump the borrow mindset, when it comes to infrastructure. Instead, monetize the production of infrastructure. That way, the more we improve our infrastructure by producing wealth, the wealthier we become, as new debt free money flows in to pay for this new asset. Instead of like we do it now - the deeper in debt we become.

Cult members will often follow blindly - to their own destruction. Break free from the mental bondage that will only allow you to think of money that is borrowed.  

Minnesota can lead the way by passing The Minnesota Transportation Act. This will allow State Chartered Banks to correct an accounting glitch and allow for the State of Minnesota to fund infrastructure rebuilds directly, in lieu of taxes or bonding.  No money shortage.  No waiting for Federal Funds.  No encroachment on State's Rights.

If you do nothing and our economy is slow to recover or worse, and we have a bad year or two in the fields - who will you blame?

ABOVE: Concept of a near shore Desalination Plant

Find out how you can help - your future depends on what you do today.

Email to find out how you can help:

Friday, February 20, 2009


There Are Talking Heads In The Media That Can Mislead YOU.

Most of them are just ill-informed.
Some of them are just trying to figure things out.
Some might be doing it with intent.  Intentionally telling lies. 
In the end, it does not matter.
I am not concerned with their motivation or intent.

Here's how to identify those who mislead.  How to tell when you are being misinformed.

MISINFORMATION ARTISTS have a language.  If you hear these things, beware of the tainted information:

1. "Print Money."  
If they are talking AT ALL about printing money - disregard their information.  Paper currency is printed.  Very little of our money is paper.  The VAST majority of it is electronic bookkeeping entries.  The game takes place in computers - at the banks. After all, if they just print it, why does the debt grow?

2. "Too Much Money."
If they say that inflation is caused primarily by too much money, they are misleading you.  The problem is not too much money.  The Problem is too much debt.  

3. "Wheelbarrow full of money."
Those who mention this are prone to parroting slogans and myth.  It did happen in Germany and is happening now in Zimbabwe.  Scan this blog to find out why.  It's not why they say it happened.

4. "Hyperinflation" Without Discussing Triple Digit Interest Rates 
Same as #3.

5. "Banks Don't Create Money"
At least false.  At worst a lie.  Banks do create new money every time they make a loan.  If they say "banks don't create money" or "banks loan out depositors money", they are misleading you.

Beware of myth and misinformation.

Thursday, February 19, 2009

Oz and the Solution

Hot Off The Press!
You Have Got To See This.


"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."


Monday, February 16, 2009

BREAKING NEWS: Minnesota Bill Could Fix Broken Economy!

This Post Updated 1/19/11



Spread the word.

The problem is: we use debt for money.
That means,

1. No money is created in the lending process to pay the interest due, so there is always more debt than money to pay it.

2. Principal payments are "extinguished" from circulation creating a constant draw in the economy.

3. Our infrastructure is crumbling from beneath us.

4. It is a 100% Constitutional idea to create money debt free to pay for a comprehensive infrastructure rebuild.

5. The banking lobby is on the job, every day, making sure that no Senator or Congressman understands that the banks are the the root cause of the problem. These banking lobbyists lie - I have seen it, first hand. They lie so that they can rip you off, loan you phantom digits they create on a computer and require that you work extra hard to pay them back, two or three times the amount they claim to have lent you. They loan you phantom digits and you pay in real property. That, my friends is slavery. You have allowed them to continue and they are not done taking your substance or your liberty. In their eyes, you are asleep. An easy mark. A stooge. And they will continue to do what all predators do - take prey. Land of the Free? Home of the Brave? Really? Mostly chest-puffed posing, false bravado and ignorance of the scam they are pulling, while your country is looted, your elderly are mistreated and your children's future is robbed. Brave? You don't even know what to fight for, unless they tell you.

6. You have NO CHANCE of securing your freedoms or hope for lasting economic prosperity, unless you learn these concepts and "fight" for monetary reform. Instead, as Jefferson said: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Isn't that what's happening now? Who did he say would let it happen - you.

They are fighting to take your "substance". If you don't fight, you lose. If you don't know what to fight for, you will be mislead and used. You will "swing at the air".

Initially, the American idea included "Life, Liberty and Property". Property was changed to "The Pursuit of Happiness". Too bad. By removing the word "Property", the current dumbed down generation of Americans has no idea what is meant by ownership of property, property rights or the idea of your time and wealth as your "substance". Instead they have been reduced to a nation of unknowing serfs and sharecroppers (these two words have real meaning and looking them up and doing a little reading on the meaning wouldn't hurt). It's your "stuff". You have been invaded and they have taken your stuff and your liberty and now all that is left is your life - they have designs on that too.


Unfunded Obligations Increase to $65.5 Trillion

"Unfunded Obligations" Closing In On GWP - Gross World Product!
The National Debt is extra. So is Personal Debt. So is Business Debt.
$147.345 Trillion

$7.7 Trillion Total Money Supply (Debt - all borrowed money)
$57.0 Trillion Total Combined Debt (National, Business and Personal)
$65.5 Trillion Unfunded Obligation (Soc. Sec., Medicare, Medicaid, etc.)
$11.6 Trillion Bailouts (UPDATED)
$3.27 Trillion Stimulus
$147.345 Trillion TOTAL (updated 3/4/09)

GWP (gross world product): $70.65 trillion (2008 est.)

That means that everything the US owes, is more than twice what the Entire World can produce in a year.

Do you still think that a debt based money system is without consequences?


Saturday, February 14, 2009

The Earth and Wealth

The earth provides raw materials, debt free.
Crops grow, debt free.
Animals multiply, debt free.
We have the labor.
We have the innovation.
We make stuff people want and need.
We call that "production".
That's wealth.

Where is the debt in this picture?
How did the debt get into that equation?
Where did the debt come from?!

Unless we had to borrow the money.

But we DON'T have to borrow money, in order to have money - if we choose not to!
We can change.

Hope and Change, right?
Hope that we don't get crushed by this stupid debt money system.
And, change it!

Change the way that we introduce money into the system so that it does not come in as debt.
Instead, have it come in as wealth.
Debt free. Interest free. Tax free. Inflation free.
As direct funding for infrastructure.
That way everyone benefits and the debt does not grow.

With a simple law change, we can allow State Chartered banks in Minnesota to create money as an asset, not a debt.
A simple change in accounting procedure (man made) can fix this problem.

There is no debt until we borrow the fake money from banks that they do not even have!

Get this fact and get it very, very clear, - the lenders do not lend deposits.
They DO NOT lend reserves, or deposits.
Their "reserves" never leave the bank.
The deposits stay in the depositor's account.

Where does the money that banks lend come from?
They make it up.
Brand new.
"Out of whole cloth."
On a computer.
Then they lend it to you and charge you interest.

Or, they lend it to your government (ultimately, you) and charge them interest.
Then the government collects the interest from you in the form of increased taxes.
That's fare, right?

Would it be unfair if I were able to make up money on a computer and lend it to you?
Then charged you interest?
Then had laws passed that said you can only get your money from me?
Then, you find out that you can not pay your interest, because I never made any money for that.
Then I take your "stuff" that you had worked for?
Would that be unfair?
Would it?
Of course it would.
Not only that, it's theft by deception.

Why would you allow the banks to do that to your family?
Your country?

We can change it.
Our Founders left several means to right this error.
We have a State Constitution that authorizes us to make the change.
We have a State Chartered Banking System that can do the job with ease.
All we need is your support.

Email to find out how you can help:

Minnesota Economic Policy Institute

Announcing the formation of the

MNEPI will conduct research on economic issues important to Minnesota and the US, advise decision makers, elected officials, and business leaders on sound monetary and fiscal policy, and engage in advocacy of robust and economically sound solutions to the problems we face.


Total Cost of Stimulus? $3.27 Trillion

The bill was finally delivered for Senators to read at 11 p.m. Eastern. It is about 1100 pages long. It would have been impossible to read it between its late night delivery and the forced vote. The principal author of the bill, left for Rome minutes after the House passed it. They lied about the cost.  You will pay.

Friday, February 13, 2009

To Whom Do We Pay It??

Think About It.

The US House of Representatives passed a "Stimulus" bill.
The US Senate just passed it, and on Tuesday the President will sign it.

$790 Billion.
$1.2 Trillion when you include the interest.

A Few Questions For You:

Q: Who are we borrowing this from?  Specifically and exactly, who?  
Hint: We are NOT borrowing it "from the American People" or from "future generations". They do not have it.

Q: Do the banks actually HAVE the money we are borrowing from them or are they creating new electronic digits and lending them to our Government?  
Hint: They are not "printing" the money - do the math and see if they could print $10 Trillion.

Q: Is this money that we are borrowing, some depositors money?  Is it deposited in some banks' vault? Who has nearly $10 Trillion?  Not The United States, apparently, or we would not need to borrow it - right?

Q: Is there a $10 Trillionaire walking among us?  Since we are told that Warren Buffett, just last year, was the richest man in the world, valued at $62 Billion, it is unlikely that in a market like this, he grew his net worth over 16,129 %.  So, we know the richest man in the world does not have that money - and he would likely not loan every cent of it to a government that is reaping the fruits of a debt-money economic failure.  

So, don't you want to know where the money comes from? You will surely have to pay it back - you should want to know!

Q: How is it that the United States, who's Constitution authorizes its Congress to coin money and regulate its value, must borrow any money from anyone??

Q: Do you have an answer?  Not a slogan. Not a tired economic theory from someone who was born in the 1800s.  But, an answer.  

A: We are borrowing newly created, central bank, electronic digits, made up on a computer keyboard, deposited into accounts as digital money and all of it is debt.  

You and your children are now in direct economic slavery.

Whew!  Thank you Mr. Banker!  

It's time for our elected officials to get an education from sources other than the "experts", bankers and lawyers that have no interest in examining the current failed system for errors - an education from sources outside of the bank funded university system, on how this REALLY works.  

If you are a law maker, you need raw facts and information.  Then apply the Constitution and common sense.  

Do the work yourself.  Don't rely on someone else to explain it from their agenda driven perspective.  Eventually, you will be lied to.  Lied to about how this debt money system works. Count on that.  It has happened to me - this week - it just happened to be an attorney (surprise!) who is an elected official.  If you are not vigilant, it will happen to you.  The lie may come from someone who is sincere and dressed in a suit.  It's still a lie tough, right?  

We don't need any more lies dressed in a $5,000 suit.  We need the truth in work clothes.

Wednesday, February 11, 2009

Economic Terrorism? World Economic Meltdown?

You Decide.

Here's what The Chairman of the United States House of Representatives, Capital Markets Subcommittee, said:

"We're not the experts"?
Huh? Move over then, and let me drive.
None of the "experts" got it right or even know if they can fix it.
I know how to fix it - so do you, if you study this blog.

"Would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed."
How can we tolerate this level of incompetence?

"It would have been the end of our economic system, and our political system, as we know it."
Not if we had a wealth money system!
This is an unacceptable outcome.

"Somebody threw us in the middle of the Atlantic Ocean, without a life raft and we're trying to determine what's the closest shore and whether there's any chance in the world to swim that far - we don't know."
Who would have the economic power to deliver a coordinated economic strike against the United States - in the same hour!?
Representative Kanjorski, please email me, I can help.

Listen for yourself.

As long as you accept a debt money system, you will be held hostage to financial turmoil.
You don't have to accept it.
Help make a positive change.
While you still can.

Pass this blog along


Leadership and What Can Be Done With Debt Free Money

Our Financial Downturn is a Result of Failure in Imagination and Leadership.

Watch this:

View more presentations from MoneyAsWealth. (tags: debt money)

What kind of a country could we be living in if we stopped using debt as money?
We are only limited by resources (we have them!), labor (we have it!) and innovation (the US is exceptional).
We should NEVER be limited by money - we can create the money we need, based on production!

We need to shake ourselves out of the "debt mentality" coma that we have allowed ourselves to fall prey to and start dealing in wealth.
We have it.
YOU must demand it.

The answer is right here in Minnesota.
Starting with Minnesota, the US could lead the WORLD out of this economic "crisis".

We need leadership to do this.
So, lead.
I'll start.
Follow me.
If you are an elected official - lead.
If you are a voter - lead.
If you are an American - lead.
The children cannot do it.
Residents in the nursing home cannot do it.
If YOU are in between these ages - YOU"RE UP!
It's your turn to lead.


BIG Cargo!

A Look at China's Cargo Capabilities and What That Means to The American Economy.

See more PHOTOS

LENGTH: 1,302 ft
WIDTH: 207 ft
POWER: 110,000 hp
CRUISE SPEED: 31 knots
CARGO CAPACITY: 15,000 TEU (1 TEU = 20 cubic ft.)
OTHER: Silicone coating to ship bottom reduces water resistance and saves 317,000 gallons of diesel fuel per year.

NOTE: These ships arrive in the US full.  They return to China nearly empty.

That means that China sells us lots of "widgets".  We buy them with "dollars". That means China has dollars. China's economy does not use "dollars" it uses Yuan.  With those "dollars" China has from selling all of those widgets, it enters our bond market and buys US Treasury Securities (bonds, bills, notes) - that's one way that "China Holds Our Debt".

NOTE: According to the US Treasury, the Federal Reserve could write a check and buy all of this debt.  And, so, it should.  I propose that Congress enact a "FEDERAL RESERVE DEBT REPURCHASE ACT".  Congress would require The Federal Reserve to buy back the debt with the same money that it uses when it enters the "Open Market" to implement it's "Policy". Then the Federal Reserve would hold the debt and all of our obligations with China would be paid in full.  Since the Federal Reserve would write the check on itself, the money did not come from the sale of Treasury Securities and therefore would not increase the public debt. Since the money that it used to buy the Treasury Securities comes from a "check written on itself", if they zeroed out that debt, it would not hurt them one single bit - they lost nothing (because they lent nothing - more electronic digits, the stuff of make-believe).  

Panama digs a new addition to the canal.  China builds cargo ships bigger than US aircraft carriers.  The US buys China's stuff and sells very little of our stuff.  Why? Because our debt money system has forced US companies to go overseas and south of the boarder, to increase profits so that they can afford to keep up with their "debt service" requirements and taxes.

By supporting The MINNESOTA TRANSPORTATION ACT, you can help reverse this momentum.  You have to do something besides complain, though.  You have to act.  

Email to find out how you can help:

Monday, February 9, 2009

$9.7 TRILLION ??

Anyone See a Pattern Developing?

All loans.
Plus interest.

" almost enough to pay off every home mortgage loan in the U.S., calculated at $10.5 trillion by the Federal Reserve."

Sunday, February 8, 2009

Sustainability and Capitalism

1. Capitalism is where the people own the means of production. We do NOT have that now in the US. We have a dirty form of debt-based, private bank, corporate, faux capitalism.
It's not that capitalism is bad - we wouldn't know; we've never had it in all of the history of the US. We've always been worked over by the banks and their special form of economic terror.
Isn't that what they are doing now? They dry up the money supply and threaten a "Great Depression" if we don't give them more money and labor ("bailouts" and wage reductions).
What's it called when you do all of the work and someone else gets all of the economic benefit?
In a model called "CLEAN CAPITALISM" the people would truly own the means of production because they would own their money. Whereas now, the banks own all of the money and you may only borrow it. We can change that.
2. Now, banks create money when they make a loan, by "monetizing" a "promise to pay". The borrower signs a promise to pay and they literally type the new money into existence when they deposit the new loan into the borrowers account. They ONLY do this when they make a loan - so the new money always increases the debt.
Big problem here: when they make a loan, they only create the principal. The money to pay interest is never created within the system. So, the debt is always greater than our ability to pay.
3. That is, by definition, unsustainable.

Friday, February 6, 2009

Here's a Concept

#1. Good Idea: The people do the work - they get paid.  The more wealth they produce, the wealthier our nation becomes.

#2. Bad Idea: The people do the work - the bank gets paid.  The more wealth the people produce, the deeper in debt our nation becomes. 

Our nation makes "debt" its "money"; the more money put into the system, the more debt there is.  That's bad enough, but now, the unpayable interest is threatening economic collapse. 

We can change all of that.  But only if we change the way that government pays for infrastructure.  

No more bonding / borrowing / taxing.  Simply pay the people who produce the infrastructure (wealth), with debt free money.  The infrastructure will be an asset to everyone and there is neither debt nor inflation in the equation. 

We can base our money on production of wealth rather than on debt.


Wednesday, February 4, 2009

Can't Keep A Good Scam Down

"Come on everybody!  Step right up!
We've got a huge debt problem, and what we need to do is add even more debt.

Now, who's first?"

"Ooo, Me.  Me!  Me first!  
I want to make the debt grow!!"

Hey, what do you expect?  They've found an easy mark in the American people. You think they won't exploit it to the end?  Why would you think that? 

The prey are always prey until they combine strength, moral principles and action.  Until then, they just talk a lot.  And until the American people get behind a solid idea that can stop and then correct this debt problem, they are all talk.

Who Creates Money?

"The actual process of money creation
takes place primarily in banks."
MODERN MONEY MECHANICS, Federal Reserve Bank, Chicago

"Then, bankers discovered that they could make loans merely by giving their promises to pay, or bank notes, to borrowers."

MODERN MONEY MECHANICS, Federal Reserve Bank, Chicago


."In today's world of computerized financial transactions, the Federal Reserve Bank pays for the securities with an "telectronic" check drawn on itself. Via its "Fedwire" transfer network, the Federal Reserve notifies the dealer's designated bank (Bank A) that payment for the securities should be credited to (deposited in) the dealer's account at Bank A. At the same time, Bank A's reserve account at the Federal Reserve is credited for the amount of the securities purchase. The Federal Reserve System has added $10,000 of securities to its assets, which it has paid for, in effect, by creating a liability on itself in the form of bank reserve balances."

MODERN MONEY MECHANICS, Federal Reserve Bank, Chicago


."Carried through to theoretical limits, the initial $10,000 of reserves distributed within the banking system gives rise to an expansion of $90,000 in bank credit (loans and investments) and supports a total of $100,000 in new deposits..."

MODERN MONEY MECHANICS, Federal Reserve Bank, Chicago