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: