How to stabilize the economy.

Amend the contitution to make fractional reserve banking and usery illegal.

Then create a new currency based not on gold but parcels of Government land* 1 dollar = 1 square foot or whatever.
To keep from cointerfirting the lat/long is printed on the bill.

Cut the bankers out officially and the wolrd will become a better place.

reply to post by VforVendettea


Too simple and one major oversight, in the US Government land belongs to the people, not the Government. So imagine Yellowstone park gone as part of a foreclosre, privatized and then turned into a toxic waste dump.

Then create a new currency based not on gold but parcels of Government land* 1 dollar = 1 square foot or whatever.

If you did this then you would be handing America over to the wealthy. Unless you plan to wipe out all fortunes that people have made.

Here's my plan

Get rid of the fed reserve and declare all debts to it null and void. They created the money out of thin air so we can do the same with the debt.

Then line the wall street brokers against a wall and execute every other one then tell the rest. You have one week to fix what you broke or you go back against the wall.

Stop having a economy based on energy an economy based on a finite resource is one destined to fail. So start a new one based on renewable resource like agriculture.

My plan maybe brutal but it will work.

reply to post by VforVendettea


I agree wrt the bankers. The space that is "printing money from money" has become WAY too big. We need to be producing real things. Investing today just means trying to get in, get out, grow companies till they implode, run the game again... a joke. No one is interesting in long-term viable/moderately successful companies... it has to be GO HUGE then BUST. Profits are no longer a means to an end (the end being comfortable life, perhaps being able to live the good life with your family a bit, etc.) but the end goal itself... more more more by any means necessary, at any cost to people/the planet.

Also (this is US specific, as I can't obv. speak on behalf of all economies):

- Legalize marijuana to eliminate at least a large portion of failed drug war/prison costs/introduce new revenue streams (sell it for a lot more than it cost to produce, tax it, etc.).
- Move to four day work week. Four/three is a far healthier balance for people, perhaps we'll actually have time to purchase/use entertainment products/do things that cost money with our families.
- This one will never happen, but tax the hell out of corporations who have moved major parts of their businesses overseas (making US jobs/production viable again), revoke barriers to running business components affordably here in the US.
- This one will also never happen, but I think company size should be capped, wrt employees. We need more companies competing healthily in free-er markets, and more companies working together, 100 companies working together to create things vs. one. Mega companies are bad in countless ways. Do we really want six enterprises controlling our media, do we really want 90% of the people at mega companies who aren't contributing directly to product to be paper pushers/etc. Status quo is horribly broken. The "reasons" that traditional jobs are needed on the scale that we expect them to exist has largely gone away, I forget the source material I read a while ago, but it made a horribly good argument about why the demand for traditional jobs just isn't the same as it used to be (I'm sure I read it on ATS...).

Originally posted by VforVendettea
Amend the contitution to make fractional reserve banking and usery illegal.

FRB, yes, usury, no. Without interest earned, no one lends anyone anything. There has to be a profit motive for lending, and the honest profit of interest is not the problem with the system. FRB and leverage is the problem.

Then create a new currency based not on gold but parcels of Government land* 1 dollar = 1 square foot or whatever.
To keep from cointerfirting the lat/long is printed on the bill.

Cut the bankers out officially and the wolrd will become a better place.

edit on 4-6-2012 by VforVendettea because: (no reason given)

This ignores the very real issue of *necessary* inflation. The more people there are in the country, the more cash we need to go around. If not, then no one can afford to buy anything. The problem is, we let inflation get higher than it needs to be to just cover the additional needs of additional population. Inflation happens now because of BS bankers making profit decisions, not based on what's actually good for the economy for everyone.

The sovereign dollar is the answer. Greenbacks, not Fed notes.

OR

VOTE FOR RON PAUL... let him make the cuts needed.. address the FED and give freedom a chance..


I know crazy right

If I was going to shot anything it would be the concept of interest. With all these growing million and billionaires demanding there money for nothing it is putting huge stress on the money supply. I would then set the primary target of 0 inflation, if you want a stable economy then prices must remain stable. The introduction and withdrawal of money into the system will be based to keep inflation / deflation stable.

Originally posted by kwakakev
If I was going to shot anything it would be the concept of interest. With all these growing million and billionaires demanding there money for nothing it is putting huge stress on the money supply.

Interest is NOT the problem! If I work hard for 20 years to put money away, and then someone comes along and says "I have a great idea for a company, but I need startup cash and won't be able to save it for another 20 years, but if I can get it now, I'll make 100 times more than that startup cash." I'm supposed to just say "sure, here's my money to borrow, just pay me back eventually after you've used my 20 years of hard work to make yourself rich 20 years sooner, but no need to help me out any for my kindness and risk." Really? Interest makes people WANT to invest in new companies and ideas. 99% of the great things we have now wouldn't have been possible without interest-bearing loans, and the people who got the loans benefited tenfold or more from the money they were loaned.

People who get rich lending money are not the problem. People who lend out money THEY DON'T REALLY HAVE are the problem, people who buy insurance (CDS) on their bad loans they know will default are the problem. Not ordinary lenders making a pittance 4% interest.

reply to post by buster2010


It doesn't have to be based on land it be must only be based on something that cannot be increased or decreased at will.

The land that I was thinking of would be some sort of non used land where each square foot looks like each other and no one foot is any more desireable than any other.


However, your plan does sound like it would solve a lot of problems.

However handing the country over to the wealthy would be a problem.
It would need to take into account just how the so called wealthy made their fortune. If the built a business then they get to keep it. If they are a banker or something less than honorable(like a politician, or in a questionable position recieving a gov paycheck) then we would need to come up with some sort of 'reset' button for them.


When the rich get too rich there needs to be some sort of balancing event.

reply to post by 00nunya00


The question is how to stabilize the economy. Interest is one factor putting inflationary pressure on it. I am not talking about putting an end to stocks and loans, although the current management of the derivative market looks like a giant casino that is set to drop one big money bomb if it is bumped too hard.

Originally posted by kwakakev
reply to post by 00nunya00

 

The question is how to stabilize the economy. Interest is one factor putting inflationary pressure on it. I am not talking about putting an end to stocks and loans, although the current management of the derivative market looks like a giant casino that is set to drop one big money bomb if it is bumped too hard.

But ending usury would put more stress on the economy than leaving it be, because virtually all business would come to a standstill. The vast majority of businesses rely on revolving credit to pay their bills and employees. This would end the minute you end usury. Not a very good blow to the economy.

reply to post by 00nunya00


In general economic theory it is the provision of trade or goods and services that provides income. But this situation has been a long time in the making and I do acknowledge the reality of the situation where many different economic tools, services and theories have created an intricate web of dependencies. When it comes to economic policy, any sudden change is bad as it disrupts the established relationships, creates chaos and takes time to rebuild the cash flow pathways.

The writing has been on the wall for a long time with the unsustainable practices of current economic policy and as the compounding effects of interest are felt the tension is only set to escalate with it. To get out of this mess in a responsible fashion, a more sustainable, transparent and accountable economic framework does need to be developed and supported. Once a clear direction is established, then small and manageable steps towards these goals can be employed. Alternatively, keep kicking the can down the road and risk the reality check to hit in one big unstoppable moment.

reply to post by kwakakev


There are ways to bring down the impact compounded interest has on the market; for example, limiting the amount of debt one person or entity can take on at a time. Set a level proportionate to income or profits, and no one can legally loan that person above their debt limit. If they really want to sell them a new loan, they'll need to refinance the existing loans to lower levels, etc.

reply to post by VforVendettea


I agree Usury should be illegal (as it's a form of Human ownership) but your currency idea is horrible.

reply to post by 00nunya00


Responsible lending practices and the management of risk are important issues to be addressed. One big problem at the moment is that as the risk goes up, so does the interest which further increases the risk. As the debt becomes more burdensome to manage it is more likely to default, which no decent person wants.

Usury practices are banned in Muslim countries due to the way it allow people to take advantage of misfortune. One example in the US is how the Fed loans money at 1% to companies like Goldman Sachs who in turn loan this money to the US government at 4 to 5%. The cash supply should be part of the public asset, but this is not the case as special interest groups have basically stolen it. It is now impossible for the US government to get out of debt in this arrangement and we have a situation where the public is now paying tax to the banks.

Until there is significant change in the way money is created, distributed and managed the US debt clock has only one direction to go and that is deeper in debt. With the debt that has grown under Obama's watch greater than all the debt of every other president combined (or close enough), it is a consequence of the compounding effect of interest. This program has been in the works for a long time with a major turning point occurring with the introduction of the fiat currency back in 1910's somewhere. Fiat currencies can work and with so much of todays currency digital it is important that integrity and proper value accounting takes place if it is to work. The risks of mismanagement and abuse are much higher with a fiat currency compared to a gold / silver backed as there is no asset to fix the value of the currency too. How value is based on supply and demand is also an important consideration when going back to the drawing board.

reply to post by VforVendettea

Design ways for big business to stay intact as long as they keep a continuous obligation to higher so many workers per year. As long as the big business follow thru with their obligations they can receive aid/support from gov. sources to allow help for more employment opportunities. So a automotive company gets no bail out if their is no signed obligations/contracts stating they wont take bail out money and then wait to higher, they higher asap to keep many employed. this in turn gives big business interest in making employment opportunities for the economy/people who make purchases and work...

Not a politician just 1 who cares for people struggling.

NAMASTE*******