Cyberjournal dialog
This blog page is a place where cyberjournal and newslog subscribers can post their comments without needing to 'go through rkm' to get their ideas posted.
The comments so far are on the topic of people-oriented economic reform.
There is a conversation about global warming over on another blog:
http://rkmdocs.blogspot.com/2010/01/climate-science-observations-vs-models.html
rkm
posted by rkm @ 11:03 AM
4 comments
4 Comments:
Have people seen this?
http://www.themoneymasters.com/?page_id=14
The Two Step Plan to National Economic Reform and Recovery
Step 1: Directs the Treasury Department to issue U.S. Notes (like
Lincoln's Greenbacks; can also be in electronic deposit format) to
pay off the National debt.
Step 2: Increases the reserve ratio private banks are required to
maintain from 10% to 100%, thereby terminating their ability to
create money, while simultaneously absorbing the funds created to
retire the national debt.
These two relatively simple steps, which Congress has the power to
enact, would extinguish the national debt, without inflation or
deflation, and end the unjust practice of private banks creating
money as loans (i.e., fractional reserve banking). Paying off the
national debt would wipe out the $400+ billion annual interest
payments and thereby balance the budget. This Act would stabilize
the economy and end the boom-bust economic cycles caused by fractional
reserve banking. ...
good luck with monetary reform but homos sap will be long gone before citizens get control of gov.
in the meantime, you might want to explore what can be done right now with community currencies, which may not look like much yet but have the potential to transform society.
here's what we've got going in the comox valley, canada http://communityway.ca
a self-financing bootstrap that involves businesses donating large amounts of cw$ to community orgs who then move the money, exchanging some of it for normal money.
rich,
you are on target, but people with the power to make these kinds of economic reforms have been shot or died suddenly of "unknown". I believe Lincoln attempted to bypass the banks.
If state and national governments create state owned banks they might have the power to reform the banking system.
Also, JFK was assassinated because of his moves against the Fed.
As regards the National Economic Reform and Recovery, the debts would need to be examined before being repaid, as Ecuador is doing. I'd say a good percentage of them should be repudiated as being fraudulent. For a start, all the bailouts should be repaid by the banks that got them, as they were essentially embezzlement by traitorous administrations. And then settlements could be negotiated with the sovereign note holders.
And of course we would need also to stop all the aggressive wars, so as to keep new debts from mounting. The first step in putting out a fire is to cut the flow of fuel to the fire.
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