The truth about Velocity of Money Theory. Usain Bolt is the fastest man on the planet. Running half sideways and with his shoe untied! How fast does he need to run around the track, before he becomes two of himself? Is that possible? Economists are fond of the idea that if we take loans out…
Is the Federal Reserve Printing to much money again? Nope. The Federal Reserve does not print our currency. The Bureau of Engraving and Printing does; it’s an agency within the Department of the Treasury.The Bureau of Engraving and Printing prints, among other things, Federal Reserve Notes, and sells them to the Federal Reserve at pennies…
You Don’t Have To Be An Einstein To Understand That The Big Solutions involving money Are Often Quite Simple. Over $104 Trillion in debt and unfunded obligations, plus interest! And growing! (2008) There is no way to pay our collective debt by using the formula of: borrow+bond+tax+bailout = bankruptcy for the American people. With a…
“I’m not asking you to give me money, I’m asking you to stop taking it away.” – anon.
America’s Financial Statement in 2008 – Hint, its only gotten worse. OK, if I am worth only $38. And then I owe $106. And ALL the money I have is $7.70, would you loan me more money? Or maybe you would say, “You’re broke already!” Maybe you would recognize that my debt already exceeds my…
What did Abraham Lincoln say about who should create money? “The Government should create, issue and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest.” – President, Abraham…
The Creation of Money It’s clear, if money exists, it had to be created. It was not in Eden nor is it a product of evolution. It’s man made. Once it’s created, it has to move into our economy. Consider this: There are only 3 ways to get money into the economy. Gift it in…
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…
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?…
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…