Lesa vel

Við verðum að breyta núverandi gjaldeyriskerfi.

(debt money issued at interest by banks when they make loans;

verði, money issued by the government as money.)


Hætta að nota “the fractional reserve system”

þar sem bankarnir búa til peningana

og taka vexti af þeim, og eignast allt,

og gerir alla að skuldaþrælum.


Í stað gamla bankakerfisins,

látum við stjórnvöld fyrir hönd fólksins,

búa til peninga, sem verða í eigu fólksins.


A must read. jg


“The problem is that the monetary system itself is broken.

It is controlled not by our government but by corrupt financial interests.

The solution is genuine monetary reform!”

“Dr. Yamaguchi explained how real structural reform of our monetary system

would solve the most intractable of America's national and local problems,

 including the budget and debt problems.

Using accounting system dynamics,

he builds a dynamic model of the economy which identifies distinct economic actors,

including the Federal Reserve System, households and government,

and then computes the outcomes and cash flows between them over time.

He then can see the effect of two different money systems:

debt money issued at interest by banks when they make loans;

and money issued by the government as money.

He can see how the systems affect government's ability to pay off the national debt.

Dr. Yamaguchi's conclusions are astonishing.

Regarding the present Keynesian debt-based money system where banks create money

when they make loans of ten or more times the amount of money they have on hand:

This money system requires government and private debt to grow exponentially and indefinitely.

Dr. Yamaguchi finds that it inevitably leads to either a Financial Meltdown, a Debt Default, or Hyper-Inflation.

If the government attempts to reduce this problem by raising taxes and cutting services,

then economic growth is paralyzed and unemployment skyrockets.

The downturn further reduces government revenue, requiring even more cuts.

The economy may remain in a recession for decades, assuming government debt reduction remains the goal,

as the recent "compromise" between the nitwits indicates.

Furthermore, such a recession is contagious; foreign economies are dragged into recessions of their own. "

Dr. Yamaguchi says,

"This indicates that the debt money system combined with the traditional Keynesian fiscal policy

becomes a dead end as a macroeconomic monetary system."

Translation: it won't work.


The real surprise comes when he examines what would happen with a government money system,

where government creates the money as money,

not debt, and spends it into circulation

for things the country (i.e. the people)

really need, like infrastructure.”

“It could pay for what the American Society of Civil Engineers describes as the $2.2 trillion in needed national infrastructure repairs over the next five years.

That ends unemployment!

States, counties, and municipalities could receive grants from the Treasury Department,

solving the many state budget crises, keeping our word on

pensions and paying for unfunded Federal mandates.

Universal pre-school and undergraduate education could be provided without indebting our youth.

Medicare could provide universal coverage.

All of this without adding neither a dime to the national debt

nor a tic to inflation!”