fiatphoney
New Member
bordsilver said:Bad policies (or need much more refinement to be workable):
Treasury prints money to a maximum percentage of GDP to cover loss of individual tax revenue.
A new Federal Corruption agency, holding politicians, judges, public servants, directors of corporations, corporate financial officers etc. criminally responsible with mandatory jail sentences, and seizure of assets 'behind the veil'. - No mandatory jail sentences EVER. Don't particularly see a need for a new corruption agency, particularly as many of the other policies are removing the incentives for corruption in the first place.
I believe that a certain bank has placed their own staff (or through bribery) within corporations/govt for the sole purpose of swallowing the riches of the target company/municipality etc, by way of derivative contracts. Derivatives aren't known as weapons of mass financial destruction for nothing. There are many examples of such pillaging behaviour literally stealing the company from under shareholders. In the old days the director of a bank was personally liable for the banks debts - Today it is the taxpayer through socialising losses, and privatising profits.
If banks print money for loans, that can find its way to govt bonds that taxpayers then have to pay interest on plus principle, printing money directly to fund govt expenditure with preset limits, is entirely feasible cutting out the middleman bank that prints 'assets'. RETURN THE POWER OF MONEY CREATION TO THE PEOPLE, FOR THEIR BENEFIT - NOT BANKS. There is absolutely NO reason for govt to pay interest on debt on money created out of thin air!