China is Worried.

China to U.S.: "Do not damage the value of Chinese holdings."

China makes stuff - cheap.

The US Buys the stuff with dollars.

China does not spend dollars, it spends Yuan.

So, China, needing to do something with the dollars, enters the US Treasury Securities market and buys Treasury Securities (IOUs).

Now the US is in debt to China, because, when the securities mature, China will want to get paid back - principal plus interest.

That is how we are in "debt to China" or how we have "borrowed from China". 

What happens if the "experts" making decisions about our economy don't get it right and things get worse?  What will China do?  We have $1 Trillion of their money.

What would you do?

What have countries done in the past?

China aborts many female babies and is on a rapid military build-up, including a navy nearly twice the size of Great Britain's. and now, they are considering aircraft carriers.  What do you think they will do with all of those Chinese males and military hardware?

Some say that their building an aircraft carrier would be folly.  Perhaps, but it would inspire other Communist countries and admitted adversaries of the US.

Let's just avoid all of that.

Let's do the right thing.

The Federal Reserve could buy back all of the US debt.  All of it.  Tomorrow.

And maybe they should.

Better they hold it than China.

Once the Federal Reserve holds it, they can "write it off the books".

After all, what would they loose?  Nothing.

They would have simply written a check for it - on themselves!

More electronic bookkeeping entries.

Why Don't We Change It Then?

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Why?

Mother and daughter were making a ham for dinner.

The daughter said, "Mom, why do you cut the end off the ham?"

Her mother replied, "I don't know, Grandma did."

The daughter asked her grandmother, "Grandma, why do you cut the end off the ham?"

She answered, "I don't know, Great-Grandma did."

.

The daughter went to the nursing home and asked Great-Grandma, "Great-Grandma, why did you cut the end off the ham?"

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Great-Grandma said, "Well, because my roaster was too small."

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If you always do what you always did, then you'll always get what you always got. You can quote me.  And if you blindly continue to use debt for money, you will always have more debt than money. 

How can you fix this economic problem, unless you first realize that you are just following some tradition that has lived out its usefulness - like, using debt for money! We must be able to get money that is not an interest bearing debt, into the system - and right now, there is no way to do that.

By passing HF888 & SF705, we can authorize State Chartered Banks to fix the glitch in the way we fund infrastructure, and immediately begin to heal our broken economy. As new, debt free money comes in to the economy as final payment for the construction of the infrastructure we need, it will bring a balanced budget to the state, stability to the banks, a boost to the economy and prosperity to the people of Minnesota.

So we could hear this, very soon: "Senator, Representative, why do you only bond and tax to build our needed infrastructure?"

"Well, we used to do it that way, until we learned that monetizing the production of our infrastructure was a far more wise and responsible way to do things.  So we changed it."

That's leadership.

The people of Minnesota would respect a leader that did that. It's the right thing to do.

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"Give 'em Watts Boys!"

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The Battle of Springfield, 1780.

The fighting was fierce.

Pastors would lead the men of their church in drill and marksmanship.

Churches would come under attack.

The men ran out of wadding for their muskets.

Reverend James Caldwell went into the church and brought out hymn books.

Isaac Watts, a hymn writer (Joy To The World) had his hymns published in the books.

Reverend Caldwell ripped pages from the hymn books, to use as wadding for the muskets.

He shouted, "Give 'em Watts, Boys!"

Leadership. American Leadership.

This painting hangs in Washington D.C.

In case pastors, reverends, priests, rabbis need some solid footing to address this issue. Here is a start - in the true American tradition:

NEHEMIAH Chapter 5

PROVERBS 11:1

MATTHEW 21:12, 13

MARK 12:31

EPHESIANS 4:28

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What Does $1 Trillion Look Like?

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CLICK HERE to find out.

We are over $143 Trillion in debt.

Do you really think that we can borrow our way out?

We can change this, starting now.

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Support HF888 & SF705

HEAVYWEAGHT DEBATE CHALLENGE!

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The 

MINNESOTA ECONOMIC POLICY INSTITUTE

challenges

The Banking Lobbyists at the MN State Capital

to 

A Debate

At issue:

1. Do banks create money?

2. Is it possible for the United States to get out of debt, under a debt money system?

3. Can we borrow ourselves to prosperity?

4. Can you borrow so much that the interest due exceeds your ability to pay?

UPDATE - 3/20/09:

The lobbyists showed, tried to start an argument before the meeting - about the invitation.  No joke.  They sat and talked throughout the presentation, typed on their Blackberry, rolled their eyes and were generally rude.  Then they got up and left.  They would not speak.  They would not answer any questions.

Question

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If one could create money as a "promise to pay" (banks do) and influence an entire legislative committee with misinformation, just exactly how much power would they have?

Fair question, right?

Now, if one could do this with a single unelected lobbyist from the banking industry (it happened at YOUR State Capital, I saw it myself, I have the transcript) - how much freedom do YOU have?

You had better fight for what's right, or you will lose everything by default.

We can still fix this, but, you have to show up.

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Lessons From History

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What Can We Learn?

Every single nation, that has gotten involved with a debt money system, has met with ruin.

Yours can be no exception.

We must make a change.

Commentary

..

Ambition: A strong desire to do or achieve something, typically requiring determination and hard work.

Greed: Willing to harm or destroy another, to get what you want.

The people of Minnesota, like the rest of the world, are surrounded by the greedy, the weak, the fearful, and the deceitful.  

The weak will stand by and do very little.

The fearful will be intimidated by the opposition.

The deceitful will sow lies and corrupt common sense.

Meanwhile, the greedy will destroy your country for profit. 

Do you stand by and do nothing?  Do you wait for some other American to do the work of Liberty?  You're up.  It's your turn. Who are you?  What will you DO?

If you simply "go with the flow" you will find yourself washed up downstream.  What are you personally doing to SECURE THE BLESSINGS OF LIBERTY TO OURSELVES AND OUR POSTERITY?

Only an ambition for LIFE, LIBERTY and THE PURSUIT OF HAPPINESS - only an ambition for doing the right thing, can overcome the situation that we find ourselves in. 

YOU

MUST

ACT

We have made it easy for you to do something BIG.  

CLICK HERE to find out what you can DO.

Moses Receives GAAP

Headline: MOSES RECEIVES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

These rules, written in stone, were received from on high and can never be altered or changed for the benefit of the citizens of Minnesota... ever.

Wait.  Those are the 10 Commandments, not the GAAP.

Whew!  Well, it looks like, since the Generally Accepted Accounting Principles are not written in stone, and instead are man made, we can adjust them so that they work better for the people doing the work.  Don't you agree?

.

Don't Worry - Be Happy

.

We Guarantee It!

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FDIC Insolvent This Year?

What happens then?

If you are in a leadership position, don't you think that it's time to act to fix this, not just put a debt band-aid on it? Elected official, business leader, union official, academic, religious leader, husband, wife, student, voter, you need to understand the effects of a debt based money system and immediately move to bring about a wealth based money system, before you lose everything. Stop wasting time.

This Just In:  Let's Borrow Some More!  $500 Billion to FDIC.

We can fix this, by funding an infrastructure rebuild directly, starting with Minnesota.

Contact us to show you how.

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We need passage of SF 705 & HF 888.

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On The Radio - AM 1280

.

Look for an interview with the

Minnesota Economic Policy Institute

(MNEPI)

Sunday, March 8, 2009

7PM

AM 1280 <-- LIVE STREAM

on

Jeremy Payne's

Beyond The Left Right Paradigm

.

They will be discussing the bill.

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CLICK HERE TO HEAR THE INTERVIEW!

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Well - Borrow Some More Then!

And you will pay this off, how - exactly?

Every move they make increases our debt.  We need money that is not debt!

HF888 & SF705 will fix this.

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Keeping It Straight

Just Click the link and slowly take a look at the numbers and where the money is going.

It appears that the "Pledges" are now $11.6 Trillion.

HERE'S THE LINK

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

Sometimes, you just have to watch this.

From

1939 Academy Award Winning Film

Mr. Smith Goes To Washington

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?"

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So, Then, It Can Be Done.

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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   

Myth and Make Up

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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 

HF 888 & SF 705

Policy of Self Destruction

.

Brain Dead...

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

READ IT HERE

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.

Demand passage of SF705 and HF888

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Why Desalination Plants Should Be Funded - Now.

California Rationing Water To Farms!

California, listen up.

STOP!

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

UPDATE

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

Tampa Bay Desalination Plant

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

Email to find out how you can help: moneyaswealth@gmail.com

CAUTION!

.

Beware.  

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.

.

Oz and the Solution

Hot Off The Press!

You Have Got To See This.

QUOTE

"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."

-Thomas Jefferson

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BREAKING NEWS: Minnesota Bill Could Fix Broken Economy!

.

This Post Updated 1/19/11

.The

MINNESOTA ECONOMIC RECOVERY ACT

Minnesota

SENATE FILE 65

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.

LEARN HOW TO FIX IT

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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.

So...

$147.345 Trillion

TOTAL DEBT & UNFUNDED OBLIGATIONS.

$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

$2.0 Trillion The Federal Reserve Will Not Disclose

$0.275 Trillion Foreclosure Rescue (UPDATED)

$147.345 Trillion TOTAL (updated 3/4/09)

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

CIA GWP Estimate $70.65 Trillion

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?

COMPLETE REPORT

.

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?

You?

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: moneyaswealth@gmail.com

Minnesota Economic Policy Institute

Announcing the formation of the

MINNESOTA ECONOMIC POLICY INSTITUTE.

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.

.

Email Minnesota EPI

.

Total Cost of Stimulus? $3.27 Trillion

$3,270,000,000,000

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.

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.

.

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."

Somebody?

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.

LINK

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

and...

Support

The MINNESOTA TRANSPORTATION ACT