End fractional reserve lending at large banks. They fabricate money (up to 40x leverage in 2008) and accrue compound interest from nothing. Therefore, the majority of money is created as debt. They create the principal, but not the interest part of the debt, thus it is a Ponzi scheme (p is less than p plus i).
Going forward the debts can't be paid back (outside a hyperinflation) and all property and labour will wind up in the hands of a few who control the issue of money.
You shouold be angry with elite private bankers controlling the issue of money and walking off with billions stolen from the American middle class. This has created a dishonest monetary system and is fascism. If government coined money, as JFK intended in executive order 11110, then the proceeds from created money would go back to the people and their would be no rediculous 15 trillion debt (LOL- up 6 trillion in 3 years). You would have honest money and productive middle class
End fractional reserve lending at large banks. They fabricate money (up to 40x leverage in 2008) and accrue compound interest from nothing. Therefore, the majority of money is created as debt. They create the principal, but not the interest part of the debt, thus it is a Ponzi scheme (p is less than p plus i).
Going forward the debts can't be paid back (outside a hyperinflation) and all property and labour will wind up in the hands of a few who control the issue of money.
johnh173 1 month ago
Hello. There are many issues that can came about because of this approach, so hopefully it will be a remedy too costly to pursue.
CambridgeCredit 4 months ago
I've lived within my means and spent only the money that I had.
How absurd is it that we'll reward people who had no self control? Should I just run up a bunch of consumer debt right now to get the free ride?
Lukeor 4 months ago
@Lukeor
You shouold be angry with elite private bankers controlling the issue of money and walking off with billions stolen from the American middle class. This has created a dishonest monetary system and is fascism. If government coined money, as JFK intended in executive order 11110, then the proceeds from created money would go back to the people and their would be no rediculous 15 trillion debt (LOL- up 6 trillion in 3 years). You would have honest money and productive middle class
johnh173 1 month ago