How Much Debt Free Money?
- At May 09, 2019
- In Uncategorized
How Much Debt Free Money?
For a government issued debt free monetary system to work, an upper limit and a lower limit has to be placed on the amount of money be it credit or currency which is issued. What is needed is the right amount to create a balance between the productive capacity of the economy and the needs of consumers. Too much and you get inflation (Even though debt free money is less inflationary than money issued as debt.) Too little and the economy cannot function and you get poverty in the midst of plenty. Plenty of produce from farmers but not enough money in the hands of consumers to buy that produce at a reasonable price or plenty of factories and workers but not enough money for consumers to buy the products.
People often say, “How are you going to control the amount of debt free money issued? You can’t trust politicians. They would abuse the power to issue money. We would end up with hyperinflation.”
Fair enough, our current crop of politicians probably would. They have been carefully culled and corrupted by the Bankers to betray the People and serve the Bankers. Why would you trust them to act honestly and responsibly? Of cause once we take away from the Bankers their power to issue our money supply as debt, prohibit political contributions to political parties by corporations and foreigners, and break the Banker’s total control of our Media, including the ABC, we may be able to get politicians we can trust to act responsibly.
There would be nothing to stop a current government be it Liberal or Labor or some mixture with other parties to set up a People’s Bank owned by the government just as the Commonwealth Bank was before traitors Bob Hawke, Paul Keating and John Howard sold it off. This People’s Bank could start issuing Debt Free money to be spent into the economy to start the process of ending the Private Banker’s virtual monopoly over the creation of our money supply. The problem is they never will because they will never defy the wishes of their puppet masters the Bankers.
Even if we could get honest politicians there is always the possibility that the next crop could be lured back to our current corrupt system.
A system whereby the money supply is issued debt free by a People’s Government for the benefit of all the People has to be set in stone.
The constitution has to be amended to:-
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Prohibit the Private Banks form issuing money as debt.
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Prohibit the Government from borrowing money.
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Require the government to issue 100% of our money supply be it currency or credit.
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Prohibit the government from taxing the People.
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Set up a system to determine the amount of money to be issued.
The system to determine the amount of money to be issued should be totally independent of the government of the day and have the following features:-
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It must objectively determine the amount by some reliable economic statistic or statistics.
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Allow for adjustment for population growth.
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Allow for changes in productive capacity of the economy.
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Allow for changes in the needs of consumers.
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Take into account the effect of production on the environment so as to protect and heal the environment as a first priority.
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Allow for regular consultation with the People in relation to the appropriate level of money supply.