I would like six minutes uninterrupted with President-elect Donald Trump or his investment banker advisor Boris Epshteyn to describe how President Trump can most economically accomplish all that he intends for this country at minimum cost to Americans. Very simply, his idea for tariffs on goods we import, specifically those goods that America can most easily and quickly begin producing here, must be combined with an executive order delegating to the Secretary of the Treasury the president's authority to issue permanent legal tender treasury money to circulate in the United States with dollar value equal to that of Federal Reserve dollar issue. This legal tender will then be distributed to households to correct the problem of insufficient purchasing and debt-paying power in the economy.
This insufficiency, that Trump can correct with national supplementary currency, is caused by the terrible flaw in our money and lending system – the flaw that all of the money in our system is deposits that were created by loans, and co-created with debt obligations to repay to the international financial sector the same amount, as principal, but also much more money as compound interest owed. This is the source of the debt crisis and of the increasing transfer of wealth from the households, businesses and governments to the lenders of the financial sector.
The additional money will allow people to buy the goods that will earn the incomes to expand the domestic productive sector. The tariffs will make sure that the money will go more to American producers than to foreign ones. The national money would not benefit the domestic economy without the Trump tariffs to regrow American manufacturing, and so increase business earnings and income taxation to pay for government. The tariffs and the increased tax yield from bigger household incomes will pay for the trillion dollars in infrastructure to be spent in the first four years of the Trump presidency. I will never get six minutes with Donald Trump – but if you pass along this suggestion, perhaps someone who does have the administration's ear can point out this way of getting into the era of Trump Prosperity.
Dick Eastman
Yakima, Washington
Dick Eastman with Mike Harris - When a Nation's Purchasing Power Is Borrowed Money
Related:
Everything the citizen must know to reform money and finance for the good of all
The Dangers of Internationalism
Warren G. Harding's Return to Normalcy - Harding, Coolidge, and the Roaring Twenties - Immensely Popular Statesman Who Reversed Most of Woodrow Wilson's Damage - Americans: Set Your Own House in Order First - Put an End to False Economics Which Lure Humanity to Utter Chaos - Get Out of the Fevered Delirium of War
More Time for Leisure – National Dividend: Cultural Inheritance of Society – C.H. Douglas's "Practical Christianity" – Individual Creative Freedom
They Own It All (Including You!) by Means of Toxic Currency
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.