Under the Constitution, Article
I, Sec. 8, our government has the sovereign power to issue money and spend it into circulation to promote
the general welfare -- through (for
example) the creation and repair of infrastructure, including human
infrastructure (health and education).
This we could be doing rather
than allowing banksters to use money, taken from taxpayers, for speculation,
as has historically been done, thereby periodically causing one crisis after
another. In order to prevent our
nation's next financial debacle (or a terrible worsening of the one we may have
not yet fully passed through), our lawmakers must now reclaim that power to
issue money, as granted by the U.S. Constitution!
Unhappily, but not surprisingly,
mankind's experience with bankster money-creation has been a long history of
fraud, mismanagement and even villainy, and so it is that the present crisis
could eventually turn into the worst yet!
Banking abuses are pervasive and
self-evident. Major banks and companies
focus on gaming (abusing) the money system instead of focusing on how to assist
and facilitate manufacturing and other production. Billions of dollars have been stolen, while trillions
more have been shamelessly grabbed (misallocated) in so-called bailouts (secretly
made, as most of them were)! Much of our
political leadership (heavily funded by financiers), instead of focusing on
protecting our citizenry, seems to be willing to take the role of patsies, as they look(ed) the other way while
financiers proceed(ed) to rape America.
Private money creation through
"fractional reserve" banking fosters an unprecedented concentration of wealth
which ultimately destroys the democratic process and promotes military
imperialism. (In a real democracy,
people never allow any vote to go to war; only the rich and politically powerful "vote'
to go to war. And why do they do
that? Because most of them generate huge profits from it.
One result of this lack of real
democracy and the laws that this allows to accumulate: less than 1% of the
population now claims ownership of a majority of the nation's privately held wealth. Meanwhile the maintenance of the nation's vital
infrastructure continues to be ignored. And
now, as our infrastructure continues to fall behind that of most European
countries, the American Society of Civil Engineers has given the grade of D to
our crumbling infrastructure and says it will soon deserve a D-, concluding that $2.2 trillion is needed to bring it to safe levels over the next 5
years!
Infrastructure repair could provide quality employment nationwide, for
millions now unemployed or underemployed.
There is a pretense that
government must either borrow or tax to get the money for such projects. And yet it is well known (by some) that the
government can directly create the money
needed, and simply spend it into circulation for such projects, all without
inflationary results! A reformed
monetary/banking system can make this happen NOW! Read what Congressman
Wright Patman had to say about this way back in 1941.
How to do it
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