We Believe

the Federal Reserve must go.

Debt-based monetary systems don’t work.

All money in the USA is created through debt. In fact, this is true for almost all the countries in the world, and certainly all the larger ones. Nothing new here, as pretty much everyone does it. Banks create money whenever you take out a loan. Poof. Presto. New money. Yes, it’s that simple.

The problem. however, is this: If you create $100 by taking a loan out at the bank, eventually you have to pay it back. But not just that $100 you took out, you also have to pay back with a bit of interest. But you only created $100. Where does the interest money come from? It comes from either more people taking loans to create more money, or from your actual wealth, making you poorer. In other words, there is no inherent stability to the system. It is either an upward spiral of money creation, or a downward spiral of taking wealth out of your pocket. In any event, and no matter what happens, the final result is that the banks end up with all the money. All of it, eventually, accumulated at around 1 or 2% a year.

In fact, when the US wants to borrow money, we ask the FED to create it. We then borrow said money from the FED, and pay interest on that money we just asked the FED to create out of thin air. It’s rather amusing, actually, and many many harsh words have been used to describe our monetary system over the years. Do your homework like I have. You will be very surprised at what an astounding mess it all is.

The FED must be abolished.

A far better way to control the money supply in the economy is for the government to simply create it through spending. Every dollar the government spends is simply created as new money. Zero debt. Zero deficit. Obviously, though, this is far too much money creation. And so money is destroyed through taxes. Every dollar the government collects through taxes and fees is poof’ed back out of existance. Now we have a perfect balance. Now we have a system that is truly, inherently, stable.

The more interesting thing about the above monetary system, is that the government can now alter the amount of money in the system by raising or lowering taxes, or by raising or lowering the spending level. What’s also interesting, is that money created goes directly to the workers, where it does the most good. And there is no debt. Nothing new here. This type of monetary system has been successfully used for centuries by countless countries. They only run into problems when they switch to a monetary system like we have now.

There is still a limit on government spending, of course. Spend too far over the balance threshold, and you get inflation. Spend too little, and you get deflation. But if there is one thing that has been stable over the years, it is federal spending. It has historicaly been 20% of GDP.

Did I mention voiding your mortage? No? Silly me... Because there is so much debt from our debt-based monetary system, and because a big chunk of that debt needs to be wiped out, and because a big bite needs to be taken out of the banking system to bring them back down to a manageable size, and because the economy will be needing a boost... the best way to get all that accomplished is to simply void your mortgage. That’s right. You heard right. Mortgage - void. You own your house. No more mortgage payments. Sounds a little crazy and radical, doesn’t it? Not if you do your homework and see what a complete fiasco we’re living with now!