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“A Capital Requirement, No Derivative To Skirt It.”

July 5, 2013

“Justaluckyfool”,: ;
Read what Steve Keen has to say about “credit expansion, von Mises as to what the result of credit expansion could be, William Black has to say about banks and Michael Hudson about compound interest (excerpts are in the article). An explanation of where we went wrong with a solution to how we can fix it. Challenge it. Improve it. ”  ***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC), Hindu Prince, founder of Buddhism. 

  “A Capital Requirement, No Derivative To Skirt It.”
Justaluckyfool says,
“* 100% capital requirement based upon currency (money) that has been created by the designated single source allowed by the Monetary Sovereignty, its own central bank.
* All private for profit banks are to be held accountable to civil and criminal law.
* Any money used that is not issued by the Central Bank shall be deemed counterfeit.
* Any money used that is owned by another party must show transfer of rights to redemption
from that owner in order for another enty to use it, regardless of temporary or permanent.
* All assets must be recorded or they shall be deemed as ‘fraudulent’ .

It is simple, all that is need is a Central Bank Working For The People (CBWFTP) instead of today’s system
that is a Central Bank working for the Private For Profit Banks (PFPB).

This would allow for NO bank to be TBTF, since all loses can be paid and all winnings can be collected.
No inflation; the money can’t be spent more than one time.
No bubbles; the money can not be leveraged.
And the great news would be;”Allowing PFPB (private for profit banks to borrow from the only supplier of the currency, could result in “ (as stated 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.” ? Yes we need only to stop allowing PFPB to tax our own money and instead charge them a tax to use our own money, for surely everyone knows that interest is just another name for taxation.” Justaluckyfool”
Please ask 300 million Americans, one simple question:.
IF the Central Bank were to lend to the PFPB the  $100 trillion needed to make them solvent, 100% capitalized,
at a rate of 2% for 36 years, is it not true that would result in an revenue income of $200 trillion over the next 36 years. But who would want $5.5 trillion a year for federal spending “…by lowering taxes…(and)
get the money from somewhere else.”
I dare you. I dare OWS.

Isn’t this just a simple explanation of what “Minsky, Keynes, Desoto, Soddy, and many others call for as “separation of PFPB from government?

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