three simple reforms could fix all

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Richard

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Sep 6, 2011, 10:38:58 PM9/6/11
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Three simple reforms that can fix the economy immediately.

by Dick Eastman

With only three reforms that do not require any new government agency
or drastic restructuring can save the US economy as well as salvage
and secure what is left of the business sector and household sectors.
These are minor changes that would have big impact on debt and
demand.

The reforms are:

1. Allow and require the Federal Government to issue US treasury
money -- as was last done in 1963 -- that is pure debt-free fiat money
to add to the Federal Reserve currency in circulation -- not less than
and not exceeding an amount equal to the interest burden on public
and private debt extant in this country. This equality will be
measured in flows - the flow of new treasury money spent into the
domestic economy will equal the flow of money exiting circulation as
interest payment. Reason: To correct chronic deflation obtaining
when Fed reserve money in circulation entirely due to bank lending is
less than that amount is pricipal plus compound interest added that
must be paid back to the lending sector when in fact no money has been
created by the banks to pay the interest that is above principal.
This will kill the deflation that has been putting Americans out of
work and pushing them to default and bankruptcy.


2. Variable debt burden adjusted for deflation. Index debt to
American purchasing power. Just as there are adjustable rate
mortgages that vary with interest rate -- we need a new loan
adjustment that shrinks both nominal principal and nominal interest
owed according to to an index of purchasing power that is based on
both a measure of average and median citizen income and average and
median prices in retail, wholesale and commodities prices --
including food and gasoline. This will cut the profit and the moral
hazard (perverse incentives) temptation of banks to increase
deflation (throwing the country into deeper and deeper depression) to
make the pile of wealth (our IOUs) owed to them worth more. (Note:
Just as the creditor elites push the propaganda that "inflation" must
be fought because it cheats "savers" -- "savers" is theri euphemism
for themselves -- so they have in reality been using their command of
monetary policy and credit policy to ensure constant deflation that
makes them ever richer at the expense of borrowers and all who use our
debt-based disappearing money. (I call it disappearing money because
it appears as a loan and disappears as principal and interest. Fiat
money does not do that. It is just printed and circulated.)

3. Justice may be blindfolded, but Truth is too often gagged, and the
truth is that Fed Chairman Bernanke has told a whopping lie about
doing everything he can to end this depression in the lower loop
(domestic working economy.) The most powerful and important tool of
all he has left untouched. The tool that the Fed was originally
supposed to use most of all but in practice never uses is changing
the reserve requirement to expand money in circulation. The Federal
Reserve has had the power to lower the reserve requirement thereby
allowing banks to inject massive new local lending. This alone would
have put money in the systme that would have enabled people, in 2008,
to keep up their debt payments -- as I argued at the time. No,
this is not the same as lowering the interest rate to get banks to
lend, rather it is increasing amounts of money available for lending
that it will cost them nothing to lend and that will lose them
interest if they do not lend. THE FACT THAT THIS TOOL HAS NOT BEEN
USED IS A CONSPIRACY -- PART OF THE ROTHSCHILD-OWNED GOLDMAN-SACHS
CONSPIRACY AGAINST THE AMERICAN PEOPLE OF WHOM THE ROTHSCHILDS ARE NOT
SO FOND. -- but Congress can pass a law requiring the Fed to lower the
reserve requirement for all lending institutions around the country
if some minimum of economic performance is not met. I would require
that all lending must take place within 25 miles of the branch bank
that holds the reserves.

4. These reforms will fix the economy. The rest of the improvment
will have to come from taking down the power of the treasury
department and the state department and elevating the power of the
department of commerce and changing its mission. From now own the
Department of Commerce will seek only to increase domestic demand and
domestic supply -- it will not be inovled in iforeign trade -- and it
alone will determine the purchasing power index upon which the
Treasury will issue Treasury fiat money as mentioned in point #2.

This would do it. This would save the country right now.

Who wants it? Who is willing to believe that answers that can save
our skins are still possible? I know I am.

But what happens if the American people, even to save their skins,
cannot influence their government to turn from the economic slaughter
of its own citiziens and adopt instead these salutary reforms? Then
it will be up to the states -- threatening civil war if necessary --
to issue their own FIAT money. (South Carolina legislators are trying
to "beat coming hyperinflation" with a silver-backed state currency
-- shear folly, and certainly no cure for malignant far-advanced super-
deflation.) Money needs no backing. Money is not backed. It is
pulled forward by what it can buy. Fiat money is instantly made sound
when the state governments declare that it can be used to pay state
income taxes and property taxes -- possibly at a premium over Fed
Reserve currency and checkinging deposit money -- because the states
will be saving incredible amounts of borrowing and it can split some
of the interest savings with its citizens by having a state dollar
pay for a dollar and three cents of taxes where a Federal Reserve
dollar will only pay one dollar. But this option is not necessary,
since the simply fact that state scrip dollar can pay a dollars worth
of taxes will make it equal to the dollar. This would be a great boon
to the country -- but first the people must overcome the great
brainwash that tells them that fiat money is bad, that only gold is
real money, that fiat always leads to inflation and that inflation is
the cause of depressions (when in fact it is ALWAYS deflation that
causes depressions and prospers the creditors. (The moneyed elites
made out like bandits in the 1930s depression as well -- it sould be
noted.)

So the question is, Who wants America to make it? (I sure do.)

Next item:

I have a new Jeffersonian hero, Charles Tressco. I have subscribed
to his youtube account. If this country is looking for a real good
guy (remember them?) to save it -- I recommend this fellow. He may
know nothing about social credit -- but apart from that he is a
perfect saint of clear thinking in the public interest. His videos
(below) speak for themselves -- I say let them be populist training
films to prepare an Awakened America for the noble struggle ahead.
-- Dick Eastman


Collapse can't be hidden any more
http://www.youtube.com/watch?v=nWRVpRQAjzo

Crisis for most.
http://www.youtube.com/watch?v=p433oqogdLw

Scapegoating of the masses
http://www.youtube.com/watch?NR=1&v=yJGCdNGCfcM


Nation Collapse Followed by Enslavement
http://www.youtube.com/watch?v=kRzQQRbtNpw

Implosion again
http://www.youtube.com/watch?v=-jf-g1vH8oc

Chaos is now
http://www.youtube.com/watch?v=kRzQQRbtNpw




While I offer the solutions above to save the current economy -- I
still favor a switch to social credit and 100 percent national
treasury fiat money along with debt repudiation. That will put us in
utopia. Meanwhile -- please take up the three reforms I suggest
above. Push them where you can. We don't have to go through the
ritual slaughter that Goldman-Sachs is undertaking.


And here are my crude but adequate youtubes. G.K. Chesterton put it
well. "Anything worth doing is worth doing badly." (rather than not
doing it all.)

Populist -- anti-deflationists and pro-fiat currency and anti-gold --
are right. Austrains and libertarians -- pro-deflation and pro- gold
-- are wrong and very dangerous. Watch the video if you don't believe
me.
http://www.youtube.com/watch?v=Cg83AblEFJo

To replace Debt Slavery System Now -- American Social Credit
http://www.youtube.com/watch?v=ftT9BmUx7MY



--------------------------------------------------------------------------------



From: Maria Chang
Sent: Tuesday, September 06, 2011 6:43 AM
Subject: Judge Says Obama’s Fraudulent Soc Security No. not Public
Interest


http://fellowshipofminds.wordpress.com/2011/09/06/judge-says-obamas-fraudulent-soc-security-no-not-public-interest/

Judge Says Obama’s Fraudulent Soc Security No. not Public Interest
Posted on September 6, 2011 by Dr. Eowyn| Leave a comment | Edit


On November 4, 2008, a man with multiple names (Barry Soetoro Steven
Duham Barack Hussein Obama) and multiple Social Security numbers was
elected by 59.2% of American voters to be President of the most
powerful country on Earth.

Two private investigators discovered that the Social Security (SS)
number currently used by Obama is a Connecticut-issued number
042-68-4425 — a state in which Obama had never lived and with which he
has no association. Then it was discovered that the SS number had
belonged to a man who died in 1981. Next, another investigator found
that the SS number isn’t even in the Social Security Administrator’s
files and is listed as “doesn’t exist.” Then, the mystery further
deepened when it was found that a person with the alias “Harrison J.
Bounel” had used Obama’s Connecticut SS number (042-68-4425) and his
address 5046 S. Greenwood Ave. in Chicago.

When asked why Obama is using a Connecticut SS number, then White
House press secretary Robert Gibbs refused to answer the question.

You’d think that given all this weirdness surrounding Obama’s Social
Security number, it is in America’s interest to get to the bottom of
the mystery, not to mention it is a crime to use someone else’s Social
Security number.

But nooooooooo. A federal judge doesn’t think that is in the “public
interest”!!!!


Federal Judge Royce C. Lamberth

Bob Unruh reports for WorldNetDaily, August 31, 2011, that, announcing
it’s “not her lucky day,” federal judge Royce Lamberth in Washington,
D.C., told California attorney Orly Taitz he has dismissed her case
demanding information from the Social Security Administration
regarding President Obama’s Social Security number, sought because of
suspicions it may be fraudulent.

The case was filed by Taitz,who has battled many of the major court
challenges to Obama’s eligibility based on a lack of evidence that he
qualifies under the U.S. Constitution’s requirement that a president
be a “natural-born citizen.”

The case at hand was filed against the Social Security Administration
because Obama’s number indicates a Connecticut residency, yet there is
no evidence he ever lived in the state. He claims he grew up in Hawaii
and apparently had a Social Security number there, as he reported he
worked in a Honolulu ice-cream shop.

But Judge Lamberth concluded that there’s no real interest in
determining whether the Obama Social Security Number is genuine or
fraudulent, and the need for secrecy for the president trumps all
else: “The SSA explained that the Privacy Act of 1974 … protects the
personal information of social security number holders. The SSA
determined … the plaintiff had identified no public interest that
would be served by disclosure.”

H/t Tina and Bob W.

Lamberth then dealt attorney Taitz with this added benchslap:

“[W]asting the Court’s time with nonsense is not the way for plaintiff
to have any hope of prevailing in this case…. Plaintiff is either
toying with the Court or displaying her own stupidity. She made the
correct redactions when she re-filed her Complaint and Amended
Complaint. There is no logical explanation she can provide as to why
she is now wasting the Court’s time, as well as the staff’s time, with
these improper redactions.”

To read the judge’s ruling, go here.

Royce C. Lamberth was appointed United States District Judge for the
District of Columbia on November 16, 1987. He became Chief Judge on
May 1, 2008. Here’s his contact info:

U.S. District Court for the District of Columbia
333 Constitution Avenue N.W.
Washington D.C. 20001

Chambers: (202) 354-3380

~Eowyn

===================================



Three simple reforms that can fix the economy immediately.

by Dick Eastman

With only three reforms that do not require any new government agency
or drastic restructuring can save the US economy as well as salvage
and secure what is left of the business sector and household sectors.
These are minor changes that would have big impact on debt and
demand.

The reforms are:

1. Allow and require the Federal Government to issue US treasury
money -- as was last done in 1963 -- that is pure debt-free fiat money
to add to the Federal Reserve currency in circulation -- not less than
and not exceeding an amount equal to the interest burden on public
and private debt extant in this country. This equality will be
measured in flows - the flow of new treasury money spent into the
domestic economy will equal the flow of money exiting circulation as
interest payment. Reason: To correct chronic deflation obtaining
when Fed reserve money in circulation entirely due to bank lending is
less than that amount is pricipal plus compound interest added that
must be paid back to the lending sector when in fact no money has been
created by the banks to pay the interest that is above principal.
This will kill the deflation that has been putting Americans out of
work and pushing them to default and bankruptcy.

2. Variable debt burden adjusted for deflation. Index debt to
American purchasing power. Just as there are adjustable rate
mortgages that vary with interest rate -- we need a new loan
adjustment that shrinks both nominal principal and nominal interest
owed according to to an index of purchasing power that is based on
both a measure of average and median citizen income and average and
median prices in retail, wholesale and commodities prices --
including food and gasoline. This will cut the profit and the moral
hazard (perverse incentives) temptation of banks to increase
deflation (throwing the country into deeper and deeper depression) to
make the pile of wealth (our IOUs) owed to them worth more. (Note:
Just as the creditor elites push the propaganda that "inflation" must
be fought because it cheats "savers" -- "savers" is theri euphemism
for themselves -- so they have in reality been using their command of
monetary policy and credit policy to ensure constant deflation that
makes them ever richer at the expense of borrowers and all who use our
debt-based disappearing money. (I call it disappearing money because
it appears as a loan and disappears as principal and interest. Fiat
money does not do that. It is just printed and circulated.)

3. Justice may be blindfolded, but Truth is too often gagged, and the
truth is that Fed Chairman Bernanke has told a whopping lie about
doing everything he can to end this depression in the lower loop
(domestic working economy.) The most powerful and important tool of
all he has left untouched. The tool that the Fed was originally
supposed to use most of all but in practice never uses is changing
the reserve requirement to expand money in circulation. The Federal
Reserve has had the power to lower the reserve requirement thereby
allowing banks to inject massive new local lending. This alone would
have put money in the systme that would have enabled people, in 2008,
to keep up their debt payments -- as I argued at the time. No,
this is not the same as lowering the interest rate to get banks to
lend, rather it is increasing amounts of money available for lending
that it will cost them nothing to lend and that will lose them
interest if they do not lend. THE FACT THAT THIS TOOL HAS NOT BEEN
USED IS A CONSPIRACY -- PART OF THE ROTHSCHILD-OWNED GOLDMAN-SACHS
CONSPIRACY AGAINST THE AMERICAN PEOPLE OF WHOM THE ROTHSCHILDS ARE NOT
SO FOND. -- but Congress can pass a law requiring the Fed to lower the
reserve requirement for all lending institutions around the country
if some minimum of economic performance is not met. I would require
that all lending must take place within 25 miles of the branch bank
that holds the reserves.

4. These reforms will fix the economy. The rest of the improvment
will have to come from taking down the power of the treasury
department and the state department and elevating the power of the
department of commerce and changing its mission. From now own the
Department of Commerce will seek only to increase domestic demand and
domestic supply -- it will not be inovled in iforeign trade -- and it
alone will determine the purchasing power index upon which the
Treasury will issue Treasury fiat money as mentioned in point #2.

This would do it. This would save the country right now.

Who wants it? Who is willing to believe that answers that can save
our skins are still possible? I know I am.

But what happens if the American people, even to save their skins,
cannot influence their government to turn from the economic slaughter
of its own citiziens and adopt instead these salutary reforms? Then
it will be up to the states -- threatening civil war if necessary --
to issue their own FIAT money. (South Carolina legislators are trying
to "beat coming hyperinflation" with a silver-backed state currency
-- shear folly, and certainly no cure for malignant far-advanced super-
deflation.) Money needs no backing. Money is not backed. It is
pulled forward by what it can buy. Fiat money is instantly made sound
when the state governments declare that it can be used to pay state
income taxes and property taxes -- possibly at a premium over Fed
Reserve currency and checkinging deposit money -- because the states
will be saving incredible amounts of borrowing and it can split some
of the interest savings with its citizens by having a state dollar
pay for a dollar and three cents of taxes where a Federal Reserve
dollar will only pay one dollar. But this option is not necessary,
since the simply fact that state scrip dollar can pay a dollars worth
of taxes will make it equal to the dollar. This would be a great boon
to the country -- but first the people must overcome the great
brainwash that tells them that fiat money is bad, that only gold is
real money, that fiat always leads to inflation and that inflation is
the cause of depressions (when in fact it is ALWAYS deflation that
causes depressions and prospers the creditors. (The moneyed elites
made out like bandits in the 1930s depression as well -- it sould be
noted.)

So the question is, Who wants America to make it? (I sure do.)

Next item:

I have a new Jeffersonian hero, Charles Tressco. I have subscribed
to his youtube account. If this country is looking for a real good
guy (remember them?) to save it -- I recommend this fellow. He may
know nothing about social credit -- but apart from that he is a
perfect saint of clear thinking in the public interest. His videos
(below) speak for themselves -- I say let them be populist training
films to prepare an Awakened America for the noble struggle ahead.
-- Dick Eastman


Collapse can't be hidden any more
http://www.youtube.com/watch?v=nWRVpRQAjzo

Crisis for most.
http://www.youtube.com/watch?v=p433oqogdLw

Scapegoating of the masses
http://www.youtube.com/watch?NR=1&v=yJGCdNGCfcM


Nation Collapse Followed by Enslavement
http://www.youtube.com/watch?v=kRzQQRbtNpw

Implosion again
http://www.youtube.com/watch?v=-jf-g1vH8oc

Chaos is now
http://www.youtube.com/watch?v=kRzQQRbtNpw




While I offer the solutions above to save the current economy -- I
still favor a switch to social credit and 100 percent national
treasury fiat money along with debt repudiation. That will put us in
utopia. Meanwhile -- please take up the three reforms I suggest
above. Push them where you can. We don't have to go through the
ritual slaughter that Goldman-Sachs is undertaking.


And here are my crude but adequate youtubes. G.K. Chesterton put it
well. "Anything worth doing is worth doing badly." (rather than not
doing it all.)

Populist -- anti-deflationists and pro-fiat currency and anti-gold --
are right. Austrains and libertarians -- pro-deflation and pro- gold
-- are wrong and very dangerous. Watch the video if you don't believe
me.
http://www.youtube.com/watch?v=Cg83AblEFJo

To replace Debt Slavery System Now -- American Social Credit
http://www.youtube.com/watch?v=ftT9BmUx7MY



Written account with diagrams.
Two loop theory and social credit solution
http://www.citizensamericaparty.org/socialcredit.htm


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