Have we taken into account the flaws in the current system and the solutions on http://coinage.me that some are trying to suppress being brought to the attention of the citizens?
There is no reason the world should be in a recession or depression because the capacity it is an illusion and a farce you are being told. The capacity to produce or consume did not change one iota. The accounting system used to enable the exchange between producers and consumers was corrupted and trillions stolen. The stolen wealth needs be returned to the economic system participants.
The citizens are no longer going to buy into the process of the citizens of the United States going into debt (government doesn't own anything it is just a label, we do) with interest attached then having that given to banks to be loaned back disproportionately (favoring some entities) at a profit to the citizens of the United States. There is no reason on earth that an accounting system should cost trillions of dollars to run, and that is all the banking system is, a left brained accounting.
We do not need thousands of bank buildings to run our monetary accounting system adding to the cost and green house gasses. All we need is a number of data centers for the computer hardware. If we have all the data online and connected we can save trees because there will be no filling out of paper applications and appraisals can be automatically generating after a quick survey of condition and no more bogus loan application fees. We don’t even need Real Estate Agents to handle complex paper work or the Title companies any more, because the entire system will be integrated.
It is my understanding there is an ingenious solution getting ready to be launched that does not require legislation to fix the problem and the citizens can implement by their own accord using the same instruments banks and Wall Street used to create the current mess. However it will have a tangible and real backing, essentially pulling the rug out from underneath the banks and erasing the fictitious profits and wealth created by gambling and control of the monetary system. More on this mass citizen driven conversion with a million dollar cap later.
The people will come to understand four things cutting through the financial jargon and illusions created by those that benefit from it.
Extraction of wealth as a result of gambling (day traders) does not generate value for economic system participants (producers) but rather creates an imbalance and scarcity and concentration of wealth not earned through the creation on genuine value.
It is a form of passive violence committed against the people and should be curtailed as such.
Like any criminal element they need to be locked up so they can do no more harm and the criminal enterprises shut down.
Furthermore the citizens of the United States are due about $200,000 each in tort damages for the mismanagement and corruption of the system. This reward will fix the economic crisis. A prosecutor has expressed interest in seeing how the Bankers and Wall Street could be prosecuted under RICO statute (Racketeer Influenced and Corrupt Organizations Act) the other option is they admit their wrongs and make amends and repair damages of their own accord immediately.
Another alternative is that all interest due is made void and the borrowers must only pay back the principal, and interest paid to date will be applied as payment to the original amount of the principal.
Perhaps the most disturbing thing is that the people making the decisions that got us here usually do not feel the pain of their decisions. Some of the wealthy suggest to the people to practice "thrift" yet do we see the wealthy living thrift? We should eliminate waste with efficiency, but all should live in abundance having the essential economy.
We should recognize that some of the wealthy got that way generating enormous value for others while others played a game of manipulation, created artificial value, to extract their wealth. Some derived their wealth from the death, disease and fear industries while others actually created via the holistic industries. We should remember to make the distinction.
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