- Establish very tough regulations and repercussions in order to limit abuse, kick-backs or graft.
- Nationalize the Federal Reserve if you have time, before deploying the distributors. The Fed will be less cantankerous in good time, but you must give it the good news. It will be really good news, since there will be no leveraging with 30+ multipliers on capital to asset ratios, as we have seen over the past two decades in the financial derivative escalations.
- Government will actually have accurate measurements on the money supply, and will there will not be concern for where the interest owed will come from, since none will be required.
That's it, Mr. Paulson. Good luck.
Sincerely.
Your Taxpayers.
While issuing legal tender is in the government's purview, it does so through creation of bank debt. Banks distribute currency as they see fit. Even The Fed operates under the aegis of the government though it operates privately. Increasing the efficiency of the money creation system, allowing capital to flow and infusing it directly where it will most straightforwardly impact the nation's engines will ignite recovery. Efficiency is not the primary objective, though under current circumstances, it would appear a necessary one in the mix of considerations. The current monetary and banking infrastructures claim efficiency, while the outcome is evidence otherwise.
The American economy rests on the back of the American worker and consumer. Taxpayers own the government, and currency is only a tool enabling commerce. Get it working for you not against you. With the computing power available and the internet's ubiquity, the possibilities to become creative on the currency front within economic, political, or other boundaries are endless even to include a large role for banks.
The government just wants its tax. On the next trillion dollars, don't waste it on the black hole of bad debt. Get this economy thriving again, and get it paying its taxes. There will then be hope on the horizon that the principal on trillions of dollars of debt will gradually get paid down.
James Raider writes the http://pacificgatepost.blogspot.com/
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
2
2
2
