Why Raising Interest Rates, Creating New Money, Creating 49 State Pubic Banks, Dumping the Fed, and waging war with the banks Which Make it Up, Placing Excise Taxes on Imports and Outsourcing, and deconstructing Homeland Security and using those employees to secure every school in the USA instead Will Create New Jobs, Pay Off The Debt, Finance Social Security and Medicare For The Next 300 Years!
Below are a few more ideas to vastly recapture the full employment market
As my articles have been saying since 2007 and as I have been preaching since
I was 17 years old but try to convince the morons who are ready with their snotty
answers about how it will affect foreign trade. To Hell with that, just give us 5% - 7%
interest on savings and watch the economy grow.
The Near ZERO Bernnake rates have dwindled the consumer index, the discretionary
income investments and consumer purchasing power by $385 Billions a year since 2008. It has cost the average middle and upper middle families $2.3 - $31 trillions, all of which the banks turned into a $31 Trillion windfall.Low interest rates are helping only two groups, bankers/Wall-streeters and the richest people in America, and the greedy 1%. More on that later, right now let us look at some logic, and some simple math.
If the Austerity mongers gets all that they wish, (One thing they have accomplished according to comparison of words uttered in Germany between the 1920’s and 1940’s, is to mimic as completely as possible, the words of the leading fascists (and worse) of that era); Their desire to end Collective Bargaining, cuts or elimination in pensions, Medicare, Social Security, laying-off millions of people, what will happen? Well, that series of not only stupid and destructive and cuts past the heart and into the bone of commerce.
Their ideas would destroy the discretionary income of approximately 80 – 100 million people and their ability to prosper will be all but annihilated. The companies whom those people currently support by buying goods and services will be diminished and those companies they were patronizing will lay off their own workers and soon go bankrupt and add to the present 31 million out of work and underemployed thus will more than double and perhaps triple the number out of work in the depression of 1929 look like a lark in the park.
(1) Congratulations and thanks to G W Bush, Obama, Paul Ryan, The Bilderbergs, the Rothschildes, The Club of Rome, David Rockefeller, the bankers, Wall Street, in general, the wars, and Mr, Bernanke's illiteracy of how to build jobs (It is the interest earned Stupid) and Mr. Obama's support thereof, you Mr. and Mrs America, are close to being demoted to a serf/peasant/slave!
I have spoken to a number of middle and upper middle class, entrepreneurs, all of which say the same thing; if they had a stronger income from savings, they would invest or spend it on a variety of things, things they have been putting off since 2008 for lack of discretionary income. These are honest men I have known for decades, not the greedy and selfish people we see in the Tea Party. That money would make a needed entry onto the market place. Epiphany
They are correct because right now $7.77 trillions in savings in US banks at a near zero rate of Interest Earned On Savings on Deposit yielding to depositors next to nothing. Instead of the depositors gaining, the, the banks are keeping that money which at 5% interest would yield into the market place $385 billions a year of interest earned on savings a huge creator of discretionary income.
This is the way they treated and cured the 1920-1921 depression in 18 months, they raised the interest rates on savings. I believe that either the president and Bernanke are ignorant of how to win against a depression or are intentionally trying to crush the working classes, or care more about the outsourcers getting low priced goods to fatten their wallets and grab trade against China.
Herein is how to regain the 31 million jobs and win. The current path is an incompetent approach in terms of creating jobs here in America, is and will be an enormous failure for our working classes. The president locked into incompetence can wriggle out by saying the market is no primed for raising interest rates.
Creating Public State Banks in each state, dumping the FED and paying debts with newly minted cash, and ignoring "Debt Crisis' through use of the 14th Amendment Article 4 will create millions of jobs. The first steps are auditing the FED, nationalizing every bank in America and restructuring them into State Banks and extensions thereof. Then deconstructing Homeland Security and using those employees to secure every school in the USA instead, and then overriding NAFTA.
At a rate of 5% on Interest Earned on Savings On Deposit-(Heretofore represented by: IEOSD) the $7.77 trillions would yield $385 billion dollars, which, if given at least that rate of 5% (IEOSD) as was the case before the attack on Iraq) estimates say the depositors would pump into the market place about 75% - 90% of that money. The 99% own about 45% - 50% ($173.25 - $192 Billions) of that cash. They would spend or invest it quickly thus creating sales and jobs. The present rate of near zero IEOSD pumps NOTHING into the economy and Mr. Bernanke wants to keep it that way for almost three more years, while the banks are keeping ALL of what depositors should be receiving. What Bernanke should be doing is buying Treasuries and raising (IEOSD) to at least 5%. This would bring a fortune into play boosting job growth and supplementing income.
MORE? Edit the FED, Nationalize all of the banks. Opt for Public banking in each state. Restrict Money Creation to the Government. Create enough money to finance Social Security, Medicare and all pensions into a Federal Program. Raise interest rates to at least 5% earned on savings.
(2)- By the way, Mr. Bernanke is counting on the senate to not pass the Ron Paul bill to Audit the FED. He thinks Senator Harry Reid will stop the bill. You have to ask yourself why would any non-criminal, honest person want to do that? Is it the $40 billions -tp $80 Billions a MONTH he is using to make the banks richer by buying their toxic mortgages? What is it that Mr. Bernanke wants to keep from the taxpayers and why isn’t an audit by an unassociated auditing service, a part of the regular procedure? Is someone afraid that we would find out that allegedly more than $22 Trillion dollars is unaccounted for, that most of which was given to bankers and Wall Streeter’s including the “The Too Big To Fail” (which to me means actually too Big not to be nationalized). It works for Great Britaiin
Have the FED Banking members, which has without congressional approval, virtually, nationalized our Treasury and drained it as easily as oil/gas prices are draining the Middle classes? Would stolen be a better word, thus draining the Treasury in the largest bank robbery of all time?
(3)- I suggest replacing Bernanke and placing Charles Schwab, Paul Krugman, Bill Clinton, or Paul O'Neil, all of which, by the way, appear to, at least in some areas of my writing about economy have a parallel view. Raise the interest rates enough to pay 5% IEOSD on deposits, as before the war. The banks are using the 0% rates to further crush growth. They are keeping and getting rich on interest, which the depositors in said banks should be receiving, but instead we are sucking on a dry teat/well.
I further suggest, and I have no clue as to why the president has never even mentioned this (just as he never mentioned The 14th Amendment, 4th article of the Constitution to bypass the Tea Party refusal to create a new budget.) Truth is, only a handful of times in history has this nation ever been out of debt. Isn’t it a simple matter to create new dollars, with a flick of a computer key, in the same way the so-called debt was created, unless someone has been tinkering with the Treasury?
Also I KNOW how to create even more jobs, most likely the entire 31 million lost since the Reagan era, and this is another thing the president has never mentioned, but which I say will create many millions of jobs with the use of Tariffs/excise taxes on imports and outsourced jobs and all product creation off shore, including the Northern Marianna’s. That would bring the imported sales prices of goods AND services (Jobs) to a point where they equal to, or exceed the sales price of goods and services of domestically manufactured goods which are based upon union wages and benefits.
Below are a few more ideas to vastly recapture the full employment market, but first isn’t it interesting that China is stretching to fully employ tens of millions, even wicking its 250 MPH trains to pick up workers of rural areas, brining them into the cities to work in manufacturing, while America is doing nothing to employ the 31 million un-or underemployed? Keep in mind that the population of China in 2012 is 1,360,000,600, and that of India is 1,220,200,000 compared to the population of the USA which population is four to five times less, at 312,780,968 and yet America cannot fully employ its people and treason is being committed by Corporations by firing and in some cases practicing dictatorial slave labor.
A)-They are also trying in every know way to lower the minimum wage, while Sweden’s minimum wage is more than twice ours at $19.00 per hour and they are doing fine?
B)-Also, why you may ask, can China and India employ so many and make Herculean efforts to bring people to the cities to work? The answer is also simple; The CEO’s of China and India are infinitely smarter and better educated than the dumbed down*, cowardly, gangsters who rise to power by sucking up to whomever is one level above them, not selling but giving their souls to Satan.
In a recent study it was shown that US corporate CEO’s, trailed the following in intelligence:
Professors, Architects, engineers, Scientists, Lawyers, teachers, Movie directors, producers, comedy writers, script writers, authors in general, entrepreneurs, Mafia bosses, physicians and certain members of the Avocado fruit, family.
1)- End TARP, replace Bernanke with those I suggested above and raise interest rates to a point which is generating 5% earned interest releasing $385 Billions to discretionary spending into the marketplace?
2)- Create State Banks ala North Dakota, in every state? The State Bank model in North Dakota has worked profitably for 96 years with no semblance of the problems and avarice of corporate banks. Why not has each state create a Public State Bank and nationalize all corporate banks?
3)- Make the energy use-free-Geothermal HVAC the standard by law and cap prices on it so that the grants given for it are not eradicated by greedy HVAC Installers simply raising their prices the grant amount of 30%. Lower energy costs by mandating Insulation of R-30 in walls, R-50 to R-65 Ceilings and build smaller houses of stone/brick? Doing so would perk the building and rehab markets and diminish energy use considerably. Fire all certified appraisers, which appraise homes and replace them with architects, with no ties to banks and builders, thus eliminating the gigantic corruption, which was ignored during the 2000’s.
4- Either by an Executive Order or a new Bill ad huge excise taxes on all imports and currently outsourced jobs which would bring outsourced goods to meet or exceed prices of similar goods made in the USA and do not exempt the robber barons who claim that the pauper wages they are paying workers in the Northern Marianna Islands are just and honest. I suggest Union scale Plus 15% for each Job whether by a corporation of contractor.
5)- Because of the low tax rate for the upper 1% they are each saving, an average $48 million a year, every year since the Bush tax cuts for the very rich. End that discrepancy, now by Executive Order or Bill.
6)-Tie ALL pensions, including state and federal and Social Security to pensions of the US Senate. Tie all healthcares for all citizens, to that of the senate also
7)-Edit the FED, Nationalize all of the banks. Opt for Public banking in each state. Remand Money Creation to the Government. Create enough money to finance Social Security, Medicare and all pensions into a Federal Program.
Raise interest rates to at least 5% earned on savings.
The United States has had a public debt since it’s founding in 1791. Debt relative to GDP rose rapidly during the 1980s under president Ronald Reagan, whose economics policies increased military spending and lowered tax rates. Gross debt in nominal dollars quadrupled during the Reagan era as well as during the era the senior Bush presidencies between 1980 -1992. The net public debt quintupled in nominal terms. Debt held by the public had declined from 28% to 26% of GDP in the 1970s; by contrast, it rose to 41% of GDP by the end of the 1980s. But all of that money went to corporations who grew NO new jobs. You cannot spend money and lower taxes at the same time that is like quitting your job and buying a new house.
“Economist Mike Kimel notes that the last five Democratic Presidents (Bill Clinton, Jimmy Carter, Lyndon B. Johnson, John F. Kennedy, and Harry S. Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (George W. Bush, George H. W. Bush, Ronald Reagan, and Gerald Ford) all oversaw an increase in the country’s indebtedness.
Economic historian J. Bradford DeLong, former Clinton Treasury Department official, noted that the contrast was not so much between Republicans and Democrats, but between Democrats and "old-style Republicans (Eisenhower and Nixon)" who on one hand (decreasing debt), and "new-style Republicans" on the other (increasing debt). D. Stockman, director of the
OMB under President Reagan, in an op-ed in the New York Times, blamed the "ideological tax-cutters" of the Reagan administration for the increase of national debt during the 1980s."
There is one more thought, it is the sort of thought that some uninformed people may refer to as a “Conspiracy Theory”. In answer to that I will say that everything which has ever happened except “Acts of God” has been planned by humans either by secretly conspiring, or by planning outwardly and openly. So, their plans (those of humans) either appear when in progress or completion, with knowledge aforethought, or suddenly, with only those involved in the conspiracy, and a handful of research oriented, highly perceptive, somewhat prescient people. This question is one of the latter.
Is it possible that the Bilderberg, Club of Rome, Trilateral Commission, are the underpinnings of the QE stupidity? Isn’t it interesting that the solid rock of material above has never even been mentioned by Obama or anyone in either Party? Where have we seen that before? Oh, in Obama’s failure to even mention the possibility of using the 14th amendment, 4th article to circumvent the “Debt Ceiling”? His reply after several people, including allegedly Bill Clinton, several columnists, me calling the White House weekly for months and other. When finally confronted about it and asked why he did not take that route, his answer was a snippy, “Because I chose not to…” sounding much like the comment falsely accredited to Marie Antoinette, “Let them eat cake…”
Isn’t it odd that Obama has also never mentioned until others fired it off, to take the action Jimmy Carter took during his administration, on the leap from $7.00 a barrel oil/gasoline prices to $25.00 a barrel literally over night? Carter hit them with a Wind Fall Profit tax and capped oil/gasoline at $8.00 -$10.00 a barrel price. Obama never mentions the things he fears and refuses to do and that is conspiratorial, and dishonest. He seems more like a slickster in those moments.
I suggest that isn’t it quite possible that he is purposefully eliminating the most popular and easily utilized means of discretionary income for those unskilled at more complex investments, the working classes, interest earned on savings. As a scientist I do not believe in “coincidences”, but having the banksters and their henchmen steal our money as they rob The Treasury, while oil/gasoline prices are running at 9,000% profit, he does nothing about employment and the “Near Zero” interest ion savings wipes out $385 Billions a year in discretionary income (at 5% interest)? That he also never even mentions an excise tax on outsourcing/imports, which would bring those two accursed job stealing entities to a price slightly above the cost of domestic manufacture here in the Good Ole USA?
Now think of those who hated bankers:
Jesus. Who though he forgave every prostitute of loose woman he met, NEVER forgave any of the rich who were filled with greed and there are more stories in which the evil, greedy rich and those of high political power, were shown for what they truly were/are, instruments of the Demons. The Organized Religions and governments, unfortunately, have the two Prostitutes, and Greedy Rich, in the reverse order of Jesus’ priorities.
Jesus’ only act of violence was against the then “bankers of his day, the Money exchanger artists on the portico of the temple.
Joining Jesus are a list far too long to list here, but they include God The Father, St. Paul, Thomas Jefferson, Teddy Roosevelt, FDR, Gandhi, me etc.
“The liberty of a democracy is not safe if the people tolerated the growth of private power to a point where it becomes stronger than the democratic state itself.
That in its essence is fascism: ownership of government by an individual, by a group, or any controlling private power.”
― Franklin D. Roosevelt
The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism–ownership of government by an individual, by a group, or by any other controlling private power…among us today a concentration of private power without equal in history is growing.” Franklin D. Roosevelt
“… Beware the Military Industrial Complex…”
General/President Dwight D. Eisenhower.
“When the people fear their government, there is tyranny; when the government fears the people, there is liberty” Thomas Jefferson
(2)- ( Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress ...
etc, etc,etc., etc.
(Though their IQ, according to some, as well as their ethics, has fallen measurably in the last 50-75 years, but the latter (Ethics) having begun to slip about 117 years ago),