Fed Chair Warns That U.S. Could be headed for a "debt trap".
Ya Think??
Like saying the Titanic could be headed for a "little ice."
How are your new captains doing so far?
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Wednesday, June 3, 2009
Saturday, May 30, 2009
A Letter To The President
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Right now, all money is created as debt. Therefore, NO money is created to pay the interest on the initial principal.
If NO money is created to pay the interest on initial borrowed money that means we have to borrow to pay interest.
Borrow to pay interest? Madness.
We simply can't borrow our way out of debt.
In addition, when a principal payment is made, that money is extinguished from circulation - it no longer exists for anyone to use. That puts a constant drain on the economy and forces more borrowing. No borrowing, no money.
SOLUTION: Monetize the Production of Infrastructure.
We need SOME money in the economy that is not initially created as debt - otherwise we can never pay off all of our debt and the debt must continue to grow (now our total debt exceeds the GWP or Gross World Product. The whole world working all year can't pay our debt, how can a country in a deep recession pay it? It can’t). We can get debt free money into the system by "monetizing" the production of infrastructure.
HERE'S HOW: Pass a law to authorize the following: 1. The People need a bridge built (this will work with any infrastructure - roads, sewers, electric grid, desalination plants). 2. The RFP (request for proposal) is issued by the state or federal government and the bid process concludes with the winning bid. 3. Congress authorizes the Treasury to deposit newly created money, in the amount of the winning bid (electronic bookkeeping entries, just like they use now - only NOT as a loan. New Debt Free Money), into the transportation account (state or federal). 4. The government entity receiving the new funds pays the contractors, just like they do now. 5. It's NOT a loan. It's direct funding with newly created debt free money. 6. New money flows into the economy, creating jobs, stabilizing banks and growing the economy. 7. It is not inflationary because it is matched with production - the bridge! That is real wealth (raw resources + innovation + labor) that everyone can use. 8. The government entity can use the same principle to pay for current projects and to buy back the existing bonds from bond holders and thus eliminate the debt on their books that goes for infrastructure, helping to balance their budget.
BENEFITS: Millions of Jobs/Stabilized Banks/Balanced Budgets/Increased Liquidity/Lower Taxes/Economic Leadership/And A New Infrastructure Rebuild! – Without Debt.
It's quite simple, actually. Now, we have to borrow to have money. We go deeper into debt and that causes a lot of problems for everyone - borrowers AND lenders. So, stop. Create some money that is not debt and does not benefit any special interest group - and everyone uses our infrastructure, so no special interest there! So, pay for it outright, without borrowing (no need to when government can create their own money); stop hiking up the debt. Banks do that right now - they create new money when they make a loan. The bridge is an asset - real wealth! Fund it directly with newly created money.
A change of mindset, really. It will not tear the fabric of the universe to have some debt free money in the system so that we can pay down some of this debt and put people back to work.
"Yes We Can!"
Friday, May 29, 2009
Banks To Steal More of Your Money?
"I Am Stealing More of Your Money - Step Aside; It's For Your Own Good."
Banks To Take Your Money And Buy Toxic Assets From THEMSELVES!
Tuesday, May 26, 2009
Dallas Federal Reserve Says:
"The Very Big Hole."
$99 Trillion Shortfall
In Pensions and Health Care.
We Need Passage of
The MINNESOTA TRANSPORTATION ACT
Yesterday!
Sunday, May 24, 2009
"I Mean It, I'm Getting Tough On This Budget."
Administration cracks down on run-away spending with...
Cuts
Cuts!
CUTS!
...chuckle
They know a sucker when they see one.
Thursday, May 21, 2009
Wednesday, May 13, 2009
Take The Money - Or Else!
You Will Take The Money
- And You Will Like It.
Banks Forced To Take Money
- Then Assimilated.
Solution. Solution. Solution. Solution.
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No Other Blog Has The Solutions That We Have
Debt-Based Money System? - WE HAVE THE SOLUTION
Social Security Broke? - WE HAVE THE SOLUTION
US Government Debt? - WE HAVE THE SOLUTION
Complete Infrastructure Rebuild? - WE HAVE THE SOLUTION
Securing Human Rights and Liberty? - WE HAVE THE SOLUTION
Tax Cuts? - WE HAVE THE SOLUTION
Jobs? - WE HAVE THE SOLUTION
Water Shortages, Draught? - WE HAVE THE SOLUTION
Balance State's Budgets? - WE HAVE THE SOLUTION
Enhance "National Security"? - WE HAVE THE SOLUTION
Energy Independence? - WE HAVE THE SOLUTION
Help For Families? - WE HAVE THE SOLUTION
Fixing YOUR State? - WE HAVE THE SOLUTION
Forward Thinking, Positive, Market Friendly, Pro American
Getting involved? - WE HAVE THE SOLUTION
Education on How Money Works, Articles & Videos, News & Analysis, Stats & Data, Humor & Challenge, Perspective & Insight, History & Future, Quotes & Stories...
Monday, May 11, 2009
Same Old Story... No One Knows Anything.
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Federal Reserve Inspector General, Elizabeth Coleman, speaks.
Missing Trillions.
No Audits.
She Doesn't Know.
I KNOW!
And so do you, if you've read this blog.
America is being ripped off.
They have given us a DEBT-ONLY MONEY SYSTEM and that is why
we are choking on the unpayable debt and interest.
As this system works it's way towards the end -
YOU will pay the price in economic terms and in terms of Liberty.
. .
Friday, May 8, 2009
FIX IT!!
If You Live In California - Why Would You Sit By And Watch The Destruction Of Your State?
The Way To Fix It Is Right Here On This Blog.
California Can Create It's Own DEBT-FREE Money To Rebuild It's Infrastructure.
Just pass the law to do it.
Use HF 888 as your template.
Jobs. Balanced Budgets. "Greener" Economy. LOWER DEBT!
You do NOT need the banks "permission".
Pass the law.
Then, it's the law.
Then, California can lead the country out of this economic mess.
L E A D E R S H I P.
Fix It.
California has 1000 bridges that need immediate rebuild or replacement.
1000 bridges.
This can be done DEBT FREE.
Starting NOW.
While you're at it, rebuild the needed roads and corresponding sewers.
Oh, and rebuild your electric grid too.
Get an array of desalination plants built - you need the water.
Debt Free.
Find The Email Link Under CONTACT US (Top Left).
Send an email to find out more.
You are running out of time.
Wednesday, May 6, 2009
"We're Taking Your 401(k) - It's For Your Own Good".
Do These Financial Decision Makers Think You Are A Sucker?
Are You Letting Them Loot YOUR Country,
AND your retirement?
401(k)s could be next.
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You're too busy to do anything?
They are OK with that.
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Will you allow them to take everything you have, including your rights and you will be forced to beg for their money?
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They Are Playing For Keeps Folks - And You Are Planning a Bar-B-Q.
This Email Box should be overflowing.
This blog should be NUMBER 1 in the country.
We Have The SOLUTION.
More, MORE, MORE!!!
Give 'Till It Hurts.
Or, until you wake up and realize that States need their own source of DEBT-FREE money.
The Solution is on this blog.
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Sunday, May 3, 2009
Thursday, April 30, 2009
Banks "Own The Place"?
Have You Let Them Steal Everything?
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What Have YOU Personally Done To Stop It?
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Get Rid of Their Money.
Take Back Your Country.
The
MINNESOTA TRANSPORTATION ACT
is the tool.
YOU are the engine.
Get Involved.
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Sunday, April 26, 2009
Friday, April 24, 2009
On The Job... Atta Boy!
Larry Summers
Director of the White House
NATIONAL ECONOMIC COUNCIL
During a meeting about Credit Card Reform.
We Are in Such Good Hands.
Tuesday, April 21, 2009
Monday, April 20, 2009
Common Stock? or Common Theft!
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Convert TARP to Common Stock? ARTICLE
Then they will sell the "stock".
After they do that, they will bankrupt the companies.
Do the research; find out when "Common Shares" get paid out in a bankruptcy.
Investors will hold the paper and the banks will walk with the money.
But, isn't that the way you want it?
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You May Lose Everything. Everything.
What Does Everything Mean?
WAKE UP!
IF you are awake - wake others up!
Many of you are asleep.
Many of you are so ill informed or under-informed, it's offensive.
Some of you have been MISinformed.
Others of you have been intimidated by misinformants.
A few of you are bound to bad ideas or ill-fated schemes.
If you don't get on board with the solution put forth on this blog, here are some likelihoods:
The next few waves will knock out others in the economy that are hanging on.
We will be in a full blown depression - only this time, more people live in cities than farms and instead of the unemployed walking about in a suit and hat (back then, men wore a coat, tie, and hat, to a BASEBALL GAME! SEE PICTURE, AND HERE, AND HERE) they'll have their pants hanging around their backside and be wearing gang colors. Lots of them. For the smug, the gangs will be by to visit. Just call 911.
Unemployment and competition for jobs increase. So will drug use, crime and gang membership.
You may lose your job or work for less than you want or need - IF you can find work.
You may spend through your savings and have to take a hit on your 401K to make ends meet - if there will be anything left and if they don't change the rules and forbid withdrawals until retirement ONLY.
Yes, you may lose your "retirement". They will be raiding the pensions soon.
You may have to move in with family to make ends meet, or the other way around - that's what people do without money and a job. Or, they beg the government to help them.
Your rights, under the U.S. Constitution may be suspended, amended or erased as the country, in bankruptcy, is parceled and sold. No room for a free and sovereign people there.
It IS coming.
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Tuesday, April 14, 2009
Bankruptcies - No End In Sight.
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More bankruptcies occuring.
In fact, more bankruptcies are REQUIRED!
.Don't you wonder what happens to the money that was borrowed and then spent into the economy, when a person goes bankrupt?
.The money is now "out" in the economy, right? It did not get paid back to the bank, right?
.That is the money, that the rest of the "customers" of this scam the banking system is running on the world, use to pay their interest. As you know, there is no mechanism in the system, to create money to pay interest, the way it is set up now.
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We should change that so that we have a system that works without requiring bankruptcies, fraud and money laundering - just to function.
We should change that so that we have a system that works without requiring bankruptcies, fraud and money laundering - just to function.
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Passing HF888 & SF 705 will give us a mechanism to create money to pay interest so that we can pay off our debts without the bankruptcies having to provide the money to pay interest.
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These bills will monetize the production of infrastructure (make new money based on the infrastructure produced - real, sound, money), debt free, so that new money flows into the economy, as contractors and workers are paid to rebuild our country.
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What That Means
No borrowing for infrastructure. It's not a loan. It does not have to be paid back. Did I mention, it's not a loan? We all get to use the new roads and bridges. Banks see fewer loan defaults, across the economy. States balance their budgets. Bond holders are paid back. People are put to work. More people can afford to pay their mortgage. New home buyers can sop up the excess homes on the market. It's not a "give away" - it's work! We have safer modern roads. The economy is fixed. It spreads across the globe. Nations economies begin to right themselves. No one is hurt. No one loses. The fabric of the universe is not torn in two because we changed a man made rule so that it works for everyone. It is simple to do - simply change an accounting practice that needs to be upgraded anyway. Everything else stays the same.
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This is E=mc^2 simple. And just as big.
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If we don't fix it - you will lose your country.
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These bills will fix it.
Thursday, April 9, 2009
Sunday, April 5, 2009
Bankers Defrauding The Public? Huh?
Theft By Deception.
Fraud.
Cover-up.
Even Bill Moyers know it. Do you?
You'd better get an additional job - or put your foot down and change it!
ZZZZzzzzzz.......
America Sleeps.
World Government marches forward. SEE LINK
We have a solution, right here in Minnesota.
If you don't do something to move this forward, YOU will your country.
We have less than a year.
You have to act to make this change here in Minnesota. SEE IT HERE.
It will save our economy and our Nation's sovereignty.
Do something.
To find out what to do, contact us. Find our email on this blog and on the left under CONTACT US.
Study this blog.
Pass it on.
Monday, March 30, 2009
Get 'Em Representative Bachmann!!!!!
PRICELESS!
Some Elected Officials Are All Bark and No Bite.
Meet The Teeth of the US House of Representatives.
That's Right - From Minnesota!
She has more b@lls than nearly all of the men up there - put together.
Get 'Em Michele!
At about 1:40'ish you can hear Bernanke say
"I don't know where the $10 Trillion dollars comes from..."
At 3:10 of the video...
Listen to the Treasury Secretary say "YOUR" government.
"...because of the absence of that authority, your government was faced with no good options..."
YOUR Government?
YOUR GOVERNMENT??
1. Does that mean he is not part of this country and therefore it is
not "his" government?
2. Does that mean that he has no allegiance to OUR Government?
3. Well, it certainly means one thing -
it means that if the Federal Reserve,
though the Treasury, rapes
YOUR
GOVERNMENT
(you - remember We The People?)
it is because enough of the American People don't step up, and like Representative Bachmann has,
show some backbone, and support those who are trying to bring some accountability
to these perpetrators of fraud and deception.
If Minnesota does NOT lead the nation out of this economic mess,
it will be because enough Minnesotans stayed home on game day
and let them win.
Support an idea that can change things for the good of the nation, like the MTA.
Grrrrowl a little bit.
Don't let them rob you.
It's YOUR Government!
Even The Treasury Secretary Knows That Much.
Friday, March 27, 2009
Contact These Key Legislators - Ask For A Hearing This Week!
You need to contact these two.
They can give the bills a hearing.
If you don't, we wait another year until our economy is fixed?
Many people can't wait.
Contact Senator Murphy HERE
His office phone number is: 651.296.4264
Contact Representative Atkins HERE
His office phone number is: 651-296-4192
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Thursday, March 26, 2009
China Suggests Global Currency.
...you should think of it as rather evolutionary...
- Timothy Geithner, U.S. Secretary of the Treasury
Shhh... Hear that sound?
It's United States sovereignty being sold out from under YOU.
What will that mean for your family in generations to come?
You could do something.
Call and email (HERE).
Wednesday, March 25, 2009
Monday, March 23, 2009
What An Opportunity!!
Toxic Assets Renamed "Opportunistic Assets" Just In Time For Your Pension Fund To Buy Them!
From "Troubled" to "Toxic" to "Opportunistic".
Glad they changed it so we can take advantage of this opportunity!
Say, wasn't it just yesterday that they called them "non-performing" loans?
No matter, the banks need help and we'd better help them, or we won't be able to go deeper into debt!
Hmmm.... better get in on the ground floor of this unbelievable stroke of business genius.
C'mon everybody!
Line up!
Sunday, March 22, 2009
Saturday, March 21, 2009
Answering Propaganda
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My Response To a Propaganda Video
Here's the Misleading Video:
"B" as in B, "S" as in S.
Pure and utter misinformation.
"Print Money", indeed. Do you really think that (despite them showing the printing presses rolling, as usual) that they are going to "print" $1 Trillion?
No, they are not. They are going to purchase Treasury Securities with electronic bookkeeping entries (don't look surprised, that's how all money is created right now) - driving the U.S. into deeper debt. As if $147 Trillion (documented on the blog listed below) is not enough.
Use caution when you hear people parrot the phrase "print money" or tell you that damn story about Germany; you are about to get misinformed. You have got to ask yourself, why does everyone know that story (misinformation) and NO ONE seems to understand that banks create ALL of our money as debt (loans) and therefore there is no money EVER created in the system to pay the interest owed, thus creating a system that requires continuous and ever growing loans to operate? Why don't people ever know how the system works but they never miss a beat to tell the Germany story? More on Germany below.
You were lied to in college and your smart friend is full of crap like a young crow (gasp! Oh my! What he said! Please, wake up and smell the unpayable interest). Think about it, if they can "print" money why does it drive up the debt? Because they are loaning it out, not printing it up. BIG difference. If you could print your own money, would you be in debt?
Propaganda. Are you buying?
Unpayable interest causes inflation. Interest in the hundreds of percent causes hyperinflation. The interest rate in Germany was 900% (documented on the blog mentioned in this post) and the interest rate in Zimbabwe was 800% the last time it was reported. The overnight lending rate in Zimbabwe was 10,000%. 10,000%!! Do you imagine that you would have to raise your prices several times a day, if you were a shopkeeper with a loan? Of course you would. Interest rates in the hundreds of percent are what cause hyperinflation. In Zimbabwe the banks manipulated the interest rates and refused to make payment for the gold they took delivery of, in order to shut the mines down and buy them at pennies on the dollar – then take the gold, platinum and diamond mines and let them fill with water, sealing them off. Read it on the blog noted in this post. I am not making this up. This was a country righ in natural resources - destroyed by whom? The people? The shopkeepers? They don't set the interest rates. Who does? Who sets interest rates? If you read the work on Zimbabwe, you will find out who ended up with the gold, platinum and diamonds. You will also find out who is starving, in a country that ir rich.
If you want the truth, dig for it here: www.moneyaswealth.blogspot.com
If you want to ape the rest of the "experts" that could not predict this, do not understand what it is, have no idea how long it will last, how much it will cost or how to fix it - go ahead. They are clueless. I can prove it. You will be able to as well. You have to learn the difference, because you're up. It's your turn to fight for your country - fight with knowledge. Grandma can't, and neither can the school kids. Tag, you're it.
THINK! IF all of our money is created as loans (loan principal)- THEN none of our money is freely available to pay interest - it is obligated as a principal payment.
Hey, you've taken out a loan, right? Did they give you the principal only? Or did they give you the principal AND the interest - so that you could pay them back principal and interest? Nope. Just the principal, right? Where does the interest come from? Where? Don't say "work" or "production" - the banks do not take that as an interest payment. They only take money. Answer: The interest comes from another loan; and you can never borrow yourself out of debt.
EXAMPLE: Me, you and three others in a room. The door is closed. The 4 of you are playing poker - I am not playing. I am the only one that can give you chips. I only loan them out - at interest. I loan the four of you 10 chips each and charge 10% interest. 40 chips are out. 44 are due. No one has dealt a single card and already the debt (44 chips), is greater than your collective ability to pay (40 chips)! Just think it over. It's ok to reread it.
Play on. I'll guarantee that no matter how hard you "work" or what you “produce" you still only have 40 chips. I will only except 11 chips from any one of you, as payment - that's what each one of you owes, right? At least one of you will go bankrupt - GUARANTEED - to cough up the chips so the others can pay me back. The amount of chips will NEVER increase until I loan more out. The group will ALWAYS owe more chips than they have. Always. That’s our economy. As long as a new guy pulls up a chair and borrows 10 chips, it all looks like it will work. But it does not.
This economic downturn, and all of them that we ever have, is as predictable as the poker game describes. And the answer is obvious. There needs to be chips that do not enter the game as a loan.
So, too, there needs to be money in our economy that does not start as a loan. Now, there is NONE.
Minnesota has bills before its legislature that will fix this glitch in the economy. It can be done state by state, is constitutional, will help the people and the banks, will create many, many jobs, will eliminate every single tax that is used for roads and bridges (fuel tax, wheel tax, some property taxes) and is one of the easiest fixes imaginable.
Don't say "it can't be done" - we do what we decide to do. Whether it’s climb Everest, find the Titanic or build an artificial heart. Make it happen. Pass the law. Otherwise your economies are going to collapse and you will have NO money.
Your country's sovereignty could collapse - many countries are already calling for a world currency. More folly. It too will be a debt pyramid and collapse.
The calamity that will be caused by ignorance, pride and greed will be immense.
There is enough information about the solution here for you to understand the problem, the solution and to get involved:
For some answers: Money As Wealth, Read Bottom to Top
If you use debt for money, that means that you have to borrow to pay interest - THINK ABOUT IT. It cannot work.
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A Word From The Crew
To Boldly Go Where No Man Has Gone Before.
Borrow yourself out of debt?
Illogical.
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Dammit Jim, I'm a doctor
not a magician.
I can't make money appear to pay interest.
Someone has to borrow it first!
Captain, I can't change the laws of physics!
That means we have to borrow to pay interest on our debt.
We can never get out of debt that way!
I've... got... an idea.
First we... pass HF888 and... SF705.
That... will... monetize... the production... of... infrastructure.
Then... we'll have the money... we need to... pay off... our debts.
The MINNESOTA TRANSPORTATION ACT:
The next evolution in monetary policy.
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