Published on Washington’s Blog, by Carl Herman, July 15, 2012.
US systems of money, credit, and CAFR so-called “accounting” are designed by a 1% psychopath class to parasitize wealth from the 99%. The 1% are literal asset holes to the 99% … //
… The good news is that the 99% are just “emperor has no clothes” recognition and declaration away from freedom. The great news is that economic solutions are obvious:
- Monetary reform: the US doesn’t have a money supply, but its Orwellian opposite of a “debt supply.” Banks and the Fed create what we use for money as debts, then charge the 99% interest for its use. Monetary reform has government transparency (yes, unimaginable without total Occupy victory) to create debt-free money for direct payment of public goods and services. This has game-changing triple benefits of full-employment as government becomes the employer of last resort, optimal infrastructure, and falling prices because infrastructure contribute more to productivity than cost. Documentation here, here and here.
- Credit reform: Public credit is at-cost, as opposed to what we have today with predatory cartel 1% for-profit credit. For example, public credit could pay all state and local taxes with a 2% mortgage and 2% credit card. It could also release literal trillions locked in government “rainy day” funds with lines of at-cost credit.
- CAFR audit, reform: So-called “pension” and “rainy day” accounts are tragic-comic in non-disclosure and non-performance for budget, infrastructure, and pension funding. For example, Californians have $8 trillion in surplus assets withheld by government in this current structure that 1% “leaders” claim requires our austerity (yes, that’s about $650,000 per household).
And as great as these breakthroughs are, resource-based economics is our predictable future just beyond these three reforms.
Until the 99% reach critical mass with our “emperor has no clothes” recognition, we’ll continue to suffer these asset hole, psychopathic, lying sacks of spin. (full text).