How can we have debt free money?

 There are two pathways to debt free money.  Either at the State level, or the Federal Level.   Minnesota State Constitution Article 1,  BILL OF RIGHTS Section 1.  OBJECT OF GOVERNMENT.  Government is instituted for the security, benefit and protection of the people, in whom all political power is inherent, together with the right to…

debt money

Government Spending too much money?

The phrase “Government calls for more spending” is misleading at best and at worst an outright lie and coordinated deception. It should be: “Government calls for more BORROWING!” What is the Federal government suggesting – Infrastructure Spending? No. Infrastructure Borrowing. It only puts us deeper into unpayable debt; don’t we have enough of that already?…

debt free money legislation

What debt free money legislation looks like.

What does Debt Free Money legislation look like?  We have had this an other variations introduced into the Minnesota State Legislature. A bill for an act relating to transportation; providing for funding of transportation infrastructure projects through the cooperation of state-chartered banks; imposing penalties; proposing coding for new law in Minnesota Statutes, chapter 161. BE…

Growing money or mining money?

If It Can’t Be Grown, It Has To Be Mined. Everything we have (excluding cosmic debris) comes from the Earth.  As we produce, we create wealth; we do not create money as we produce. That only happens at a bank. Now, money only comes into being when someone, an individual, business or government, takes out…

Wealth to Debt

Wealth to Debt Once, the more money we had, the more wealth we had. Now, the more money we have, the more debt we have. “Note that although the system of fractional-reserve banking creates money, it does not create wealth. When a bank loans out some of its reserves, it gives borrowers the ability to…

What is wealth?

What is Wealth? Wealth = Innovation + Raw Resources + Labor    That’s also why silver worked; as well as sea shells, coffee beans, furs or tobacco. They were all examples of wealth based money – not simply barter, but used for money. So, you see, we don’t have to use gold to have a wealth based money…