#PositiveMoney
96% of governments are borrowing money instead of issuing it.
#PositiveMoney.
REGIONS with a STATE run central bank a.k.a MONEY supply not PROVIDED by a PRIVATELY owned/FUNDED central bank as a LOAN that will be repaid with INTEREST added a.k.a no DEBT a.k.a no FOOLISHNESS!!!
[NORTHDAKOTA]
[NORTHKOREA]
[VENEZUELA]
[HUNGARY]
[ICELAND]
[SYRIA]
[CUBA]
[IRAN]
#Libya was on this list till 2011.
#UsSaudiInvestmentSummit, #SaudiArabia, #Syria, #IMF, #Debt, #PositiveMoney.
https://www.rt.com/news/610053-musk-us-debt-bankruptcy/
The US gross federal debt surpassed the $36 trillion benchmark in November, a development that Musk called “terrifying” at the time.
https://www.rt.com/business/603747-musk-us-debt-defense-budget/
"The country spends more than a trillion dollars a year on servicing its national debt, according to the tech billionaire."
https://www.rt.com/business/604640-russia-state-debt-grows-slightly/
"By comparison, the UK’s national debt recently hit 100% of the country’s annual economic output. State debt in the US exceeds 120% of GDP, while in Japan it stands at a record 260%."
#Debt, #Russia, #UK, #USA, #PositiveMoney.
Courtesy of Folashodun Shonubi via Channels Television.
"The top 1% own 25% of the wealth of the country. The top 10% own 50% of the wealth of the country. Honestly it is bad but not too bad because in America the top 1% own 30% and the top 10% own 60% of the wealth but where the big difference lies is that many of these countries have safety nets."
#Nigeria, #USA, #Capitalism, #Inequality, #Poverty, #PositiveMoney.
It's all in our history - now sadly - in the distant past.
But why can't we just do it again? Why can't we just issue our own money, debt free? That, my friends, is the answer. Talk about reform! That's the only reform that will make a huge difference to everyone's life - even worldwide.
The solution is the secret that's been hidden from us for just over 100 years - ever since the time when author L. Frank Baum wrote "The Wonderful Wizard of Oz."
Politicians who focus on reducing the National Debt as an answer probably don't know what the National Debt really is. To reduce the National Debt would be to reduce our money - and there's already too little of that.
No, you have to go deeper. You have to get at the root of this problem or we're never going to fix this. The solution isn't new or radical. America used to do it. Politicians used to fight with big bankers over it.
Though most people don't realize it the government can't just issue it's own money anymore. It used to be that way. The king could just issue stuff called money. Abraham Lincoln did it to win the civil war.
Now, today, in our crazy money system, the government has to borrow our money into existence and then pay interest on it. That's why they call it the national debt. All our money is created out of debt.
What can government do? The sad answer is - under the current monetary system - nothing. It's not going to get better until the root of the problem is understood and addressed. There isn't enough stimulus money in the entire world to get us out of this hole.
Why? Debt. The national debt is just like our consumer debt - it's the "principal and"(personal addition) interest killing us.
Thirteen years ago, in a documentary called "The Money Masters", we asked the question why is America going broke. It wasn't clear then that we were, but it is today. Now the question is how can we get out of this mess. Foreclosures are everywhere, unemployment is skyrocketing - and this is only the beginning. America's economy is on a long, slippery slope from here on. The bubble ride of debt has come to an end.
Courtesy of Michael Meacher MP via 'Money Creation & Society' Debate in UK Parliament 2014.
https://politics.ie/threads/martin-wolf-strip-private-banks-of-their-power-to-create-money.225121/
Thursday 20th November 2014, Money Creation & Society' Debate in UK Parliament.
Send the video to your MP in an official email at the least creating a record for future reference as only 21 were in attendance out of 650.
As the results of our recent poll show, most MPs lack a sufficient understanding of money creation. A worrying number of our MPs do not understand where money comes from.
This leaves them ill-equipped to predict another financial crisis, deal with rising debt, housing bubbles or understand a fundamental driver of inequality.