Sunday, March 14, 2010

Problem. Solution.

Listening to some self proclaimed "experts" talk on the economy a few days ago, they agreed that among the most important things to bring a strong economy is JOBS.

As if jobs just "happen" or are brought about by the correct political incantation.

Our monetary system is a failure.
Our nation's infrastructure is crumbling.
We need "jobs"

Our monetary system is a failure because it is a debt based system and cannot survive. It's a mathematical certainty. Spreading over the centuries, from England, to the U.S., and across the world, we now face a world wide economic crisis with cities, states and nations failing.

We need to transition to a wealth based system - immediately. Gold is wealth, so is silver, but there is not enough of it to support the U.S. Economy, let alone the world economy. Gold is "wealth" because it combines labor and raw resources to produce something that someone wants. So, too, iron, steel and concrete are pulled from the earth and can be fashioned into products that people want - roads and bridges. Therefore, an economy can be supported by this nearly unlimited supply of wealth.

Taking this wealth and launching an aggressive "Value Added Infrastructure Rebuild" will provide all the jobs needed in every single major city and town on the planet and using value added and earth-friendly (who wants to live in a dump) technology will produce a tech boom that will dwarf the space program.

We can make the obvious changes that need to be made and rebuild the infrastructure that we can imagine - debt free. Or, we can struggle under the delusion that the banks "have" money that we need to borrow, when in fact they make the stuff up, at will, on a computer.

The problem is what we use for money. Time for an upgrade.