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A SINGLE ACT THAT COULD BENEFIT MANKIND.

March 18, 2016

A SINGLE ACT TO BENEFIT MANKIND.

Based upon an opinion by “Justaluckyfool” of the concepts of Noble Laureate Frederick Soddy, “The Role Of Money” (1926,1933)
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.Use them as your own.)

“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism could be the greatest achievement of mankind.

THE K.I.S. SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.

ONE SENTENCE -A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES INTEREST (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.

What is the “basic flaw” ?
Why is that flaw not understood ?
Soddy answered these questions, ““So elaborately has the real nature of this ridiculous proceeding been surrounded with confusion by some of the cleverest and most skillful advocates the world has ever known, that it still is something of a mystery to ordinary people, who hold their heads and confess they are ” unable to understand finance “. It is not intended that they should.”

“THEY” have used the same words to create different meanings!

“MONEY” and “Creation of Money”

Nowhere is there a mandate to create wealth (money), the “giving up of SOMETHING
before you can get ANYTHING (money).” The Constitution allows Congress
…TO BORROW
…TO ‘Coin’
…TO punish counterfeiting.
This is clear in that borrowing,coining,or printing
is authorized of that which is already “wealth given up” and this is also clear
“other then that is ‘counterfeit.”

*** U.S. Constitution.
ARTICLE . 1. ..SECTION. 8.

“The Congress shall have Power …
(A).
To borrow Money on the credit of the United States;

(B).
To coin Money, regulate the Value thereof, and of foreign
Coin, and fix the Standard of Weights and Measures;

The Congress shall have Power …
(C).
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;…”

As Frederick Soddy has stated as an axiom:
“**** THE THEORY OF MONEY. VIRTUAL
WEALTH….

“WHAT is Money ? Let us commence our
study of the role of money by a compre-
hensive definition of what modern money is.

Money now is the NOTHING you get for SOMETHING
before you can get ANYTHING.

Our task is to understand all that this implies.
The definition is, of course, an economic one
referring to ordinary transactions such as earning,
buying, and selling among ordinary folk generous
uncles and other voluntary benefactors not being
under contemplation and the nothing, something,
and anything of the definition refer to things of
real value in themselves, usually termed goods and
services, or simply wealth, unless hair-splitting
or purely technical distinctions turning on the
precise definition of wealth are involved. More-
over, it refers to ordinary people,

in the sense of those who neither have the opportunity nor the
power of uttering money themselves.

As a matter of fact, this definition not only
answers comprehensively what money now is
but answers perfectly satisfactorily all that money
has always been, whether it has been coin or
paper or any other form. From the point of view
of the owner or possessor of it, money is the credit
he has established in his favour with the com-
munity in which it passes current or is ” legal
tender “, by having given up in the past valuable
goods and services for nothing, so as to obtain
at his own convenience, in the future, equivalent
value in turn for nothing. It is merely an ingenious
device to secure payment in advance, and in
a monetary civilization the owners of money are
those who have paid in advance for definite
market values of buyable goods and services,
without as yet having received them. ”

Nowhere is there a mandate to create wealth (money), the “giving up of SOMETHING
before you can get ANYTHING (money).”

Please note: “The Congress shall have Power …
To borrow Money…
To coin Money……” Surely, as mankind has dominion over all the worlds wealth, enough is already created
and ever increasing, that by proper administration all can benefit.

THE K.I.S. SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.

ONE SENTENCE -A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

AN HONEST CENTRAL BANK (GUARDIAN) THAT BORROWERS MONEY FROM ITS LAWFUL OWNERS, LENDS IT AND CHARGES INTEREST (TAX) TO SECURE AN INCOME STREAM TO TURN OVER TO CONGRESS TO USE FOR THE BETTERMENT OF ALL.
The Central Bank must be honest and accountable.
.. it must be the sole creator of its sovereign currency.
…it must have the ways and means to control its sovereign currency for quality and quantity.
…it must under modern money systems be fiat since its money is transferable “thru thin air”.
…it must understand that it is the guardian of the value of the currency , if it wishes to be capitalistic; otherwise that nation will be totalitarian. As a guardian (recording and exchanging) it does not own the value of the currency it coins or prints.
…it must use that currency knowing that it must also return it back to the community (the rightful owners).

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