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Switch Game. Replace “PFPB” WITH “CBWFTP”.

April 2, 2013

Switch Game. Replace “PFPB” WITH “CBWFTP”. It’s real easy, just say Central Bank Working For The People instead of Private For Profit Banks (or even TBTF Banks).

Dear Mr President, Just do what you said  on ” 60 minutes” (12/11/11)” President Obama said,”You can’t raise revenues by lowering taxes unless you get the money from somewhere else.” ?
Taxation does not mean “federal income tax”.

The Encyclopaedia Britannica defines taxation as “that part of the revenues of a state which is obtained by the compulsory dues and charges upon its subjects.” That is about as concise and accurate as a definition can be; it leaves no room for argument as to what taxation is. You can even lower federal income taxes and FICA to ZERO, if you find taxation from “somewhere else” .As a matter of fact with a simple mandate by the Fed Reserve you could raise $11 trillion a year revenue while reducing federal income taxes and FICA to ZERO.
GOOGLE “Justalucky” Solution:Take the taxation (read 2% for 36 years) that Private For Profit Banks need to borrow (read “QE 4 The People”) in order to become solvent. If as low as $200 trillion QE (read non deficit spending since a loan is an asset) it would produce a revenue stream of $11 trillion a year for 36 years.
A simple solution that which you have already stated.
How this for an unintended consequence:
The President that ended Federal Income Taxes, FICA taxes, while at the same time insured the people that in order to prevent DEFLATION, we must increase “entitlement” payments.
IF you get this message, I will again believe:”God bless America”
“Some would propose that we develop a new economic system that will serve most people’s needs..”
Why.? We have the “best system” there is: capitalism, we need only to properly administrate that system.
We need only correct : Where we went wrong.
What if…we were to agree that for a Monetary Sovereignty to be a true capitalistic society, that MS would have to abide by certain rules.
(A)..IT alone is the only legal entity that can issue, “print” the sovereign currency.
(B)..It must control the quality and quantity of that issuance.
(C).. It does not own that issuance because the entire group (society of that MS) never has to give up its rights (wealth) that is the redemptive value of the sovereign currency. That wealth is ‘the good faith and credit ‘ of the MS.
(D) When the MS issues this legal tender (fiat currency) it is acting as a distributing agent of the wealth in order for the society to be able to transfer their wealth in exchange for any other wealth within that society  or any other society.
(E) The processor of the distribution would be a CENTRAL BANK.
The CB must be totally transparent, and work for the betterment of the entire social group.
Conclusion:
1.  Separate the private for profit banks (PFPB) from government.
(A). Cancel their right to issue currency and mandate 100% capitalization on all financial transactions.

2.The CB must work for the people.
(A). Since taxation is the mover of currency,
The Encyclopaedia Britannica defines taxation as “that part of the revenues of a state which is obtained by the compulsory dues and charges upon its subjects.” That is about as concise and accurate as a definition can be; it leaves no room for argument as to what taxation is. Taxation should be as interest on money no longer an appropriate of Personal income.


 The solution is a CBWFTP instead of PFPB”.(Google it). Maybe, perhaps you would go just one more step toward ending FICA and Federal income taxes,that is to have the CBWFTP take away from the PFPB the taxation (interest) they collect for themselves as “profit”.
As Einstein said, “Keep it simple”
**** Stop the CB from working for the Private For Profit Banks(PFPB) and have them become a Central Bank Working For The People (CBWFTP). Why not challenge, improve, and endorse.
Please play the “Switch Game- Where ever your read PFPB, switch CBWFTP”
As Einstein said, “A simple solution.”
The doorway to prosperity is ,Only allow a CBWFTP to do for US,  what PFPB are doing  to US.
***WHY NOT do what your economist (those you believe to be correct in many matters) have said.”SEPARATE” banks from government  not nationalization ! Keynes, Minsky,Desoto, Soddy, hundreds of others: SEPARATION. Separate the government bank from the PFPB (private for profit banks).Mandate 100% capitalization. To prevent “collapse of the currency” the Fed can lend them the $200 trillion at 2% for 36 years. There would be no need for FDIC if 100% capitalized. Mandate two types of accounts-1.Deposits owned by the people are “safe storage”, escrow that would be criminal to violate that safety. 2. Deposit that pay interest because they will be legally allowed to be used by the banks for ‘investments’ with the owners willing giving up that safety for the interest reward. As an unintended consequence of this action the Fed would become a CBWFTP.. (“CBWFTP”- GOOGLE IT) It  would turn over to the US Treasury revenue for Congress to spend, just a little over $11.1 trillion a year with a note they must spend it (SS, Medicare, Jobs,etc.,) so as to prevent deflation!

[…]
Reform Money,Take MONEY POWER Back For The People. Have a Goal Of Equality: 50% of the people have 50% of the Wealth.
How’s this for a win-win. Working toward equality while at the same time preventing deflation?
Ben Bernanke could deserve the Noble in Economic Sciences.He has proven that QE can purchase massive amounts of assets without any increase in deficit spending. He has proven QE can produce a stream of revenue income. He needs only to do it FOR THE BENEFIT of the PEOPLE, rather than for the benefit of the private for profit banks(PFPB).Then Ben Bernanke would deserve the Noble in Economic Sciences.

MAY GOD CONTINUE TO BLESS UNINTENDED CONSEQUENCES,SURELY THEY MUST REALLY BE MANKINDS INNOVATIONS.
*WHAT IF THE …The Fed Reserve were to become the CENTRAL BANK WORKING FOR THE PEOPLE (CBWFTP) instead of working for the Private For Profit Banks (PFPB) ?
The government can not win against ‘compound interest’ on debt ,simply because the accumulation of interest over time is an infinite amount, one that never ends unless paid in full. Compound interest is the most powerful force in the universe and it is being used by the PFPB. We must take back that most powerful force in the universe and use it FOR THE BETTERMENT OF MANKIND.

Let’s try this game:
Substitute the words “Central Bank Working For The People” (CBWFTP) where ever” Private For Profit Banks” (PFPB) appears.
****PFPB have $100 trillion in assets as mortgages on residential and commercial real property (RE) loans. The average compound interest rate is 4% for a term of 36 years. The PFPB would have created that $100 trillion ‘out of thin air’ (Horizontal Money)(Fictitious Money) which would have an attachment that would require $400 trillion to be paid back to the PFPB in order for the loan to be paid in full.. YES, take away the smoke and mirrors, this is a fact-the Rule of 72.Any sum compound at 4%/yr. over 36 years will quadruple. Now we must replace (reduce to zero ) the Horizontal Money(created out of thin air) by subtracting $100 trillion leaving a profit,income,taxation from ‘somewhere else’ of $300 trillion. This amount goes as profits to the PFPB. Revenue they may use for their own selfish purposes. That’s not the bad news-what the bad news is :That $300 trillion is real money, real currency, sucked up by the PFPB,yes Vertical Money !!
Did our government forget to mention that “Mortgage interest should be tax exempt simply because it is already being taxed by their friends the PFPB ?
READ IT AGAIN,
BUT THIS TIME REPLACE “PFPB” WITH “CBWFTP”.
Why would you not want prosperity for yourselves and your children? Why would you not want $300 trillion (really $ 400 trillion since real money is used by CBWFTP and need not be subtracted (replaced).

[…]
Reform Money,Take MONEY POWER Back For The People. Have a Goal Of Equality: 50% of the people have 50% of the Wealth.
How’s this for a win-win. Working toward equality while at the same time preventing deflation?
Ben Bernanke could deserve the Noble in Economic Sciences.He has proven that QE can purchase massive amounts of assets without any increase in deficit spending. He has proven QE can produce a stream of revenue income. He needs only to do it FOR THE BENEFIT of the PEOPLE, rather than for the benefit of the private for profit banks(PFPB).Then Ben Bernanke would deserve the Noble in Economic Sciences.
“QE 4 The People” and even “QE 4 Disaster Relief” No change is needed for the feds TO PURCHASE assets, assets like a state issue ” STATE 36 Year Bonds ” for as much as $50 trillion with a rate of 0.25%. If $1 trillion per state were available that would be a stimulus of $50 trillion with NO DEFICIT SPENDING and the money being returned at a profit to the US Treasury at @ $1.5 trillion a year.
MAY GOD CONTINUE TO BLESS UNINTENDED CONSEQUENCES,SURELY THEY MUST REALLY BE MANKINDS INNOVATIONS.
*WHAT IF THE …The Fed Reserve were to become the CENTRAL BANK WORKING FOR THE PEOPLE (CBWFTP) instead of working for the Private For Profit Banks (PFPB) ?
The government can not win against ‘compound interest’ on debt ,simply because the accumulation of interest over time is an infinite amount, one that never ends unless paid in full. Compound interest is the most powerful force in the universe and it is being used by the PFPB. We must take back that most powerful force in the universe and use it FOR THE BETTERMENT OF MANKIND.
Let’s try this game:
Substitute the words “Central Bank Working For The People” (CBWFTP) whereever” Private For Profit Banks” (PFPB) appears.
****PFPB have $100 trillion in assets as mortgages on residential and commercial real property (RE) loans. The average compound interest rate is 4% for a term of 36 years. The PFPB would have created that $100 trillion ‘out of thin air’ (Horizontal Money)(Fictitious Money) which would have an attachment that would require $400 trillion to be paid back to the PFPB in order for the loan to be paid in full.. YES, take away the smoke and mirrors, this is a fact-the Rule of 72.Any sum compound at 4%/yr. over 36 years will quadruple. Now we must replace (reduce to zero ) the Horizontal Money(created out of thin air) by subtracting $100 trillion leaving a profit,income,taxation from ‘somewhere else’ of $300 trillion. This amount goes as profits to the PFPB. Revenue they may use for their own selfish purposes. That’s not the bad news-what the bad news is :That $300 trillion is real money, real currency, sucked up by the PFPB,yes Vertical Money !!
Did our government forget to mention that “Mortgage interest should be tax exempt simply because it is already being taxed by their friends the PFPB ?
READ IT AGAIN,
BUT THIS TIME REPLACE “PFPB” WITH “CBWFTP”.
Why would you not want prosperity for yourselves and your children? Why would you not want $300 trillion (really $ 400 trillion since real money is used by CBWFTP and need not be subtracted (replaced).This amount, $400 trillion goes as profits to the PFPB.-NO, NO, to the CENTRAL BANK WORKING FOR THE PEOPLE.
REAL MONEY THAT MUST BE REPLACED BACK INTO THE ECONOMY IN ORDER TO PREVENT DEFLATION !
REAL MONEY THAT CAN BE USED TO BRING
LOWER GAPS TO INEQUALITY, AND RAISE THE  LIVING STANDARD!
Real money to replace FICA and federal income taxes.
Let me repeat…
Why would you not want prosperity for yourselves and your children?
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