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Next economic question. WHY is debt so prevalent throughout the world today?
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Von WC Ohio
Posted 2/24/2015 08:28 (#4409987 - in reply to #4409581)
Subject: RE: Next economic question. WHY is debt so prevalent throughout the world today?



$1 of capital solves all of this and removes the massive leverage in the system.

Money expansion would be tied to something like actual GDP growth or increase in population.

Governments would not be allowed to borrow money or spend 1 penny more than they receive in actual revenues. The only exception is in times of war that is voted on and approved by the full congress. These limited and undeclared police actions would not be eligible.

Furthermore any person that voted to spend even one penny more than actual revenue coming in will immediately surrender their office, all perks,benefits, pension and any other public compensations and will be blacklisted from any publicly held position of power for their lifetime. So if you screw up in DC you can no longer serve in your state, locally, on school boards, or even run for dog catcher.

Next the Fed. Govt will publish a complete balance sheet of every expenditure going out and every source of income coming in. That shall include taxes, mineral and oil royalties, leasing income from range and timber, tariffs, duties etc.

Any and all incomes and expenses will be reported down to the last cent.

Severe penalties will be imposed for failure to report and provide transparency in all these matters up to making any failures capital offenses. 

Over time slightly mild deflation is a good thing as technology and efficiencies improve those should flow through to those doing the work so that over time there labor which is exchanged for money retains value over a working lifetime and perhaps even allows a slight improvement in what their savings will buy. Instead the efficiencies are stolen and the ever increasing money supply is a hidden tax on every person that has ever worked hard to earn a dollar.

It's futile to think these changes will be forthcoming so one can only do what you think is best for your own situation and allow history to repeat itself again for all those who remain blind to the problems we face.

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