|Posted by dr.ron45 on December 21, 2013 at 6:35 PM|
It is with some satisfaction that I read the recent WSJ article about the recent decision of the Federal Reserve Board to cut back on Quantitative Easing 3 (QE3) from its current $85 billion per month level at the rate of $10 billion per month. In effect, the Fed has decided to comply with the provisions of the EMERGENCY GREEN MONEY STIMULUS ACT of 2013 voluntarily. In fact the 2013 version of the act provides for a cut back of $7 billion per month, and they have upped that to $10 billion per month. I couldn't believe my eyes when I read the news.
Of course to keep the economic recovery on track, or better to accelerate its progress, it is essential to offset the QE3 cutbacks with an equal and opposite ramping up of debt-free interest-free green money that is simply spent into circulation to support growth in the economy and a reduction in unemployment. Towards that end, I have therefore revised the schedule of green money issues to conform to the announced QE3 tapering so that green money issues increase dollar for dollar as QE3 expenditures decrease. I have also appended an argument showing why this green money substitution plan is non-inflationary. The revision is now posted as the EMERGENCY GREEN MONEY STIMULUS ACT of 2014 from the home page of this site. Please download and distributed as indicated on the Political Action page or as you see fit.
In order to reach current and future decision makers in government, it will be necessary to ramp up Monetary Reform Task Force activities considerably in 2014. This will require voluntary contributions from concerned citizens such as yourself. Therefore, a donation button has been appended to the Political Action to enable you to put your money where your mouth is. Pick your own amount based on your personal situation, but notice that the current budget items total to approximately $4000. Give as generously as you can to get Congress to step up to the plate and do it's part of the job. Replacement of QE3 with GREEN MONEY STIMULUS is the best way to set the budget sequestration aside, eliminate the debt ceiling increase habit, and put the economy on a stable path towards robust growth without inflation and a decreasing national debt. The Guernsey and Jersey Islands have been managing hybrid money systems for almost two centuries now. We have to wake our leaders up to the fact that we can do it to. In fact, we can do it better because we have computational and mathematical modeling and analysis techniques that go far beyond anything available on those tiny British Island protectorates. One thing they have that we don't though is the clear thinking and common sense to understand that if you can created it yoursefl free of charge, it makes no sense at all to go out and borrow it at interest from banking interests that have little concern for the quality of life in the country where you live. It's time our leaders understood this, and start creating free green money instead of borrowing expensive bank money. If done according to the constitutional guidelines for regulating the value (i.e. buying power) of money, the benefits will be enourmous and the cost next to zero.