Release from economic enslavement

Illustro

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Jun 27, 2009
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252
Q) What can our govt. do to solve the current economic crisis?

Until they acknowledge what the actual overall problem is, then nothing.

The Problem.

The problem is the creation of money supply by private financial institutes.
They can create and destroy money and are profits orientated. Their loyalty is to their shareholders not sovereign nations.This is good for them and bad for us.

They can turn economies on and off. They also make money on the way up and on the way down. During depressions they can purchase substantial assets for pennies on the pound. It is this financial structure that creates the credit cycle of boom and depression, inflation and deflation. As long as they control the quantity of money, this power struggle will not end.

If our govt. want to save Irish people from decades of indentured servitude to criminal moneterists that created debt from thin air they need to start issuing money debt free.

This is the ONLY answer to our problems. Every other so called solutions will lead to economic enlsavement. As it stands our govt. is simply operating as facilitators for these private institutes in the takeover of our sovereign nation. National governments are merely servants of a plutocracy.



The Solution

Default on all criminally acrued private debt. We can pay off our real Sovereign debt with relative ease without being saddled with the fallout of speculation by private institutes that happen to be in Ireland. That's not our debt.

We HAVE to create a state bank that issues a debt free exchange mechanism (money) We do NOT NEED to borrow money from private company's to run our Soverrign nation. This state bank would not be allowed to lend money. The lending of money would be done by private companies operating within the nation and under full reserve rules. Fractional lending should be outlawed.

The ability to control the quantity of money in circulation is the only way to save our economy for future generations.

We need to press the re-set button on our economy. Perpetual debt will kill our country. You simply cannot borrow your way our of debt.
 
Last edited:


roc_

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Dec 5, 2009
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6,504
Agreed - although we need good people in place, with scientific knowledge and immunity from political influences to control the issuance. In other words, first, we need social and political renewal.

But once that is in place, the idea is sound. Here is an interesting paper about an early proponent of this idea - who saw this truth pointed out by the OP.

http://www.missouriwestern.edu/orgs/polanyi/tad web archive/tad25-3/tad25-3-fnl-pg26-31-pdf.pdf

And here is a popular americanised documentary about the idea:

YouTube - The Secret of Oz
 

Illustro

Active member
Joined
Jun 27, 2009
Messages
252
Lovely ideal to dream about but will not work in the real world.
Big Fail.

Historically, the OP has been the normal function of finance. The private takeover is relatively new.
 

joepierce1988

New member
Joined
Dec 27, 2010
Messages
3
Debt Release

Debt Release

Agreed - although we need good people in place, with scientific knowledge and immunity from political influences to control the issuance. In other words, first, we need social and political renewal.
 


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