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2-minute video: US debt visualized. 2-minute read: US obvious solutions

Posted By admin On December 10, 2012 @ 11:37 am In Money Watch | Comments Disabled

Washington’s Blog [1]
Dec 10, 2012

Demonocracy [2] created a new and stunning visual [3] to approach a grasp on US Federal Government debt of ~$17 trillion.

An easy tool to understand US households’ share of this tragic-comedy:

  • ~100 million US households means an average ~$170,000 debt/household.
  • Another way: ~$50,000 average annual household income means a household with $100,000/year income owes ~$350,000, and etc.

The good news is this problem exists only on paper. The mechanics of running a government debt-free was solved almost 300 years ago with Benjamin Franklin’s publication [4] how the colony of Pennsylvania operated without taxes.

The great news is our solutions are obvious and easy to understand. Concise explanation with documentation:

  1. Monetary reform: the US doesn’t have a money supply, but its Orwellian opposite of a “debt supply.” Banks and the Fed create what we use for money as debts, then charge the 99% interest for its use. Monetary reform has government transparency (I know, I know, that’s unimaginable withouttotal Occupy victory [5]) to create debt-free money for direct payment of public goods and services. This has game-changing triple benefits of full-employment as government becomes the employer of last resort, optimal infrastructure, and falling prices because infrastructure contribute more to productivity than cost. Documentation here [6]here [7]here [8]. The American Monetary Institute [9] is a leader for monetary reform.
  2. Credit reform [10]: Public credit is at-cost, as opposed to what we have today with predatory cartel 1% for-profit credit. For example, public credit could pay all state and local taxes with a 2% mortgage and 2% credit card. It could also release literal trillions [11] locked in government “rainy day” funds with lines of at-cost credit. The Public Banking Institute [12] is a leading group for this reform.
  3. CAFR audit, reform: So-called “pension” and “rainy day” accounts are tragic-comic in non-disclosure and non-performance for budget, infrastructure, and pension funding. For example, Californians have $8 trillion in surplus assets withheld by government [11] in this current structure that 1% “leaders” claim requires our austerity (yes, that’s about $650,000 per household). Walter Burien [13]and Clint Richardson [14] are leaders.

As great as these breakthroughs are, resource-based economics [15] is our predictable future just beyond these three obvious reforms.

Americans and humanity are just “emperor has no clothes” obvious declarations away from freedom. Most of the 1% criminals will be revealed when the 99% end their wars and debt that kill millions, harm billions, and loot trillions that would make Earth successful for 100% of its inhabitants.

Unleash your beautiful, powerful, and unique self-expressions to discover and realize the future you’ve always wanted to have.

 


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URL to article: http://www.prisonplanet.com/2-minute-video-us-debt-visualized-2-minute-read-us-obvious-solutions.html

URLs in this post:

[1] Washington’s Blog: http://www.washingtonsblog.com/2012/12/2-minute-video-us-debt-visualized-2-minute-read-us-obvious-solutions.html

[2] Demonocracy: http://demonocracy.info/

[3] stunning visual: http://www.youtube.com/watch?v=iTBODoBaCns&feature=player_embedded

[4] Benjamin Franklin’s publication: http://www.examiner.com/article/benjamin-franklin-william-jennings-bryan-on-monetary-reform

[5] Occupy victory: http://www.examiner.com/article/why-occupy-a-government-economics-teacher-explains

[6] here: http://www.examiner.com/article/debt-damned-economics-learn-monetary-reform-or-kiss-your-assets-goodbye-1-of-2

[7] here: http://www.examiner.com/article/2-minute-video-kucinich-explains-monetary-reform-full-employment-new-cities

[8] here: http://www.examiner.com/article/carl-herman-explains-working-with-criminal-1-at-two-un-summits-monetary-reform

[9] American Monetary Institute: http://www.monetary.org/

[10] Credit reform: http://www.examiner.com/article/trillions-to-the-99-ellen-brown-explains-monetary-credit-reform

[11] release literal trillions: http://www.examiner.com/article/cafr-summary-why-can-t-a-600b-fund-fund-27b-pension-16b-budget-deficit

[12] Public Banking Institute: http://publicbankinginstitute.org/

[13] Walter Burien: http://cafr1.com/

[14] Clint Richardson: http://realitybloger.wordpress.com/tag/clint-richardson/

[15] resource-based economics: http://www.examiner.com/article/8-minute-tedx-video-economics-for-100-or-earth-s-inhabitants-success

[16] Public Banking Conference good news: all solutions already here for deficits, debt, full-employment: http://www.prisonplanet.com/public-banking-conference-good-news-all-solutions-already-here-for-deficits-debt-full-employment.html

[17] U.S. Debt Now $136,260 Per Household—Up 50% Under Obama: http://www.prisonplanet.com/u-s-debt-now-136260-per-household%e2%80%94up-50-under-obama.html

[18] US To End 2010 With $13.9 Trillion In Debt, Total Debt Incurred Since Great Financial Crash: $4.4 Trillion: http://www.prisonplanet.com/us-to-end-2010-with-13-9-trillion-in-debt-total-debt-incurred-since-great-financial-crash-4-4-trillion.html

[19] New national debt data: It’s growing about $3 million a minute, even during his vacation: http://www.prisonplanet.com/new-national-debt-data-its-growing-about-3-million-a-minute-even-during-his-vacation.html

[20] 15 Trillion Dollars In Debt, 45 Million Americans On Food Stamps And Zero Solutions On The Horizon: http://www.prisonplanet.com/15-trillion-dollars-in-debt-45-million-americans-on-food-stamps-and-zero-solutions-on-the-horizon.html

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