Absolutely thoughtful.
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I agree. In addition, what do we know enough about how bitcoin is managed and brokered. Value is imaginary, nothing tangible attached to it therefore to easily manipulated by whoever has the keys to its coding. Too many unknowns. Physical gold/silver as a metric for currency value is stable and reliable.
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The decrease in the real earnings of the average american worker since 1973 is more complicated than the policies and actionds of our Federal Reserve and expansive Federal Government fiscal policy.
The era of Globalization enabled by advances in shipping transportation by sea and air has brought the strong winds of international economic competition to our shores. The long term decline in the American standrd of living and the concommitant rise in the standard of living in countries once considered poor such as China,India and Brazil are more responsible for our decline in real wages among american workers, especially those unskilled or replaceable workers. While Federal fiscal and monetary policy may have played a role, it may also have avoided severe economic downturns, which was also one of its goals.
The more surgically targeted expansion of the Earned Income Tax Credit toward those lower wage workers would be more likely address the decreasing real wages of this hard working population that has fell behind.
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NESERA precious metal backed system, to help the people recover from one of the worst economies ever. Gold & Silver used to replace fiat money. Level the playing field, and help contribute to less American poverty, and homelessness.
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Yes, because with Covid there came price gouging of necessities. So, I am pretty sure the numbers would be higher
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The United States needs real currency backing. Love the proposal, anti-military interventionalist.
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I feel the same way! I think Dept of Treasury should be audited if they don’t already do it. I feel every thing keeps going up through the years from everyday living, housing, vehicles but our income doesn’t even match half of it to survive and live. Its like the American Dream vanished here. I see corporations and wealthy people getting richer but the average american continues to just struggle. We can’t continue down this path. Between % rates with vehicles, homes and credit cards I feel we need limits or caps these corporations are gaining from but we end up paying more than we bargained for or can afford. So many businesses are struggling and closing and I don’t feel its the pandemic anymore its bc of inflation. I feel the middle and lower class pay more taxes and suffer from it bc the wealthy people seem to get a free pass on who to tax. I think we need a higher tax bracket for rich people who can afford it or they should be taxed higher %. All i see is lower class and middle class suffering extremely bad but nothing affects the wealthy people.
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I was very disappointed to hear RFK, Jr. opining on Bitcoin as I am not aware that economics is his area of expertise. Specifically he is advising that Howard Lutnick be Trump’s Treasury Secretary pick due to his strong advocacy for Bitcoin.
Bitcoin is being described as a “hedge against inflation for middle class Americans, a remedy against the dollar’s downgrade…and the offramp from a ruinous national debt.” This exhibits an appalling ignorance of the root cause of these ills which is the Federal Reserve system. “Let’s do Bitcoin and keep the Fed” is like putting a bandaid over a sucking chest wound and saying, there, we fixed it!
Finally “middle class Americans” do not need Bitcoin and I would not expect them to adopt it. If anything, cash and barter are the forms of financial transactions that are increasingly popular. The American people have a growing awareness that Bitcoin, as are ALL forms of digital currency, are just another way for bad actors in authority to add another layer to a control grid which can easily lead to social credit systems and the slow slide back into totalitarianism.
There are many who have expertise in this area. I recommend contacting Catherine Austin Fitts and Ron Paul, as well as reading the incredibly detailed book “The Creature from Jekyll Island” by G. Edward Griffin which lays out an excellent explanation for the layman.
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Thanks for the book recommendation! Just ordered it! I really want to understand how the US got into this financial mess!
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Sounds like a job for DOGE.
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How about this, eliminate taxes for everyone who make under a certain amount each year, maybe like $50 k or higher paying the tax, everyone under that no taxes. That would give everyone under that to keep more money each year, as well give some money going into the government. Or just whip out taxes all together?
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I like this idea alot and feel people under a certain tax bracket should be exempt if they are working full time. I don’t feel people should get a tax break in their state, town or county if they aren’t working at all.
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Title: Economy for the People: A Ten-Point Proposal for Economic Empowerment
Introduction: Addressing Core Economic Challenges
The proposal “Economy for the People” highlights transformative policy goals aimed at empowering Americans economically. It emphasizes flexibility in financial interactions, housing affordability, revitalization of industrial strength, and fiscal responsibility in government spending. This Ten-Point Framework explores the nuances, potential, and practical pathways for actualizing these principles to foster economic empowerment.
Points One to Four – The Ascent: Establishing Economic Foundations
-
Financial Autonomy and Flexibility:
Advocating for policies that allow citizens to use the currency of their choice (physical or digital), this empowers individuals to operate economically in ways that align with their circumstances, offering resilience against market fluctuations. -
Resolving Housing Affordability:
Addressing housing costs through innovation in construction, zoning reforms, and subsidies for affordable housing projects ensures safe and accessible living spaces for all. -
Revitalizing Industrial Strength:
Rebuilding America’s industrial base through incentives for local manufacturing, research investments, and trade policies prioritizing sustainability and competitiveness. -
Eliminating Government Waste:
Streamlining administrative processes and reassessing federal spending programs to reduce redundancy and inefficiency while re-investing savings into critical public services.
Point Five – The Summit: The Peak of Economic Unity
- A Unified Economic Vision:
At its pinnacle, “Economy for the People” offers a cohesive framework that aligns individual empowerment with national growth. This synergy fosters an economy where personal prosperity and collective progress reinforce each other.
Points Six to Ten – The Descent: Translating Vision to Action
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Supporting Entrepreneurial Growth:
By reducing regulatory burdens and enhancing access to capital, policies can fuel innovation and small-business success, the bedrock of the economy. -
Enhancing Workforce Development:
Investments in education, vocational training, and reskilling programs adapt the workforce for emerging industries while reducing unemployment. -
Promoting Green Technologies:
Incentivizing sustainable practices and green energy innovations ensures long-term industrial viability and environmental stewardship. -
Community-Centered Policy Implementation:
Encouraging local governments and community organizations to take a leading role in executing and adapting policies to unique regional needs. -
Fiscal Transparency and Accountability:
Ensuring transparent governance with public oversight mechanisms builds trust and ensures the effective allocation of resources.
Conclusion: Empowering Americans through Holistic Economic Reforms
“Economy for the People” integrates flexible financial systems, affordable housing, industrial revitalization, and government efficiency into a unified strategy. These measures not only address immediate challenges but also lay the groundwork for a sustainable, equitable economic future.
**“The Tree of Relief” : Reflecting Economic Potential **
Envisioning a robust economy is akin to nurturing a flourishing tree, where strong roots in sound policy, equitable access, and innovative practices sustain growth. The “Tree of Relief” symbolizes the shared prosperity achievable when economic reforms align with the people’s needs, embodying hope, stability, and collective progress.
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The FED is a private non governmental entity with a governmental appointed committee who was supposed to oversee and have the ability to audit the FED, but the private side has blocked audits and oversight and unconstitutionally and falsely operated as a congressional activity under Article I, Section 8, Clause 5:
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures…”
This clause is often referred to as the “Coinage Clause.” The Supreme Court has consistently interpreted this clause to give Congress the exclusive power to coin money, regulate its value, and fix the standard of weights and measures.
Key Points:
- Exclusive power: The Constitution prohibits states from coining money, making Congress’s power to coin money exclusive.
- Regulation of value: Congress has the authority to regulate the value of domestic and foreign coins.
- Standard of weights and measures: Congress sets the standard for weights and measures, including the value of coins.
- Necessary and proper clause: The necessary and proper clause (Article I, Section 8, Clause 18) allows Congress to enact laws necessary to carry out its powers, including those related to coinage.
Historical context:
- Gold and silver coins: Prior to the Constitution, colonial America and the early United States used gold and silver coins as currency.
- Paper money: During the American Civil War, the federal government issued paper money (United States Notes) to finance its war efforts.
- Legal Tender Cases: In 1871, the Supreme Court ruled in Knox v. Lee and Parker v. Davis that paper money (United States Notes) could be used to repay pre-existing debts, affirming the constitutionality of paper money.
Modern implications:
- Federal Reserve Notes: Today, Federal Reserve Notes (paper currency) are considered legal tender, regulated by the Federal Reserve System which is not a government agency, but a private agency.
- Fiat money: The definition of legal tender has expanded beyond gold and silver coins to include fiat money, which is not backed by a physical commodity.
In summary, the Constitution grants Congress the exclusive power to coin money, regulate its value, and fix the standard of weights and measures, with the necessary and proper clause allowing for laws necessary to carry out these powers. Historical context and overreach has shaped the development of the current unconstitutional US currency system. Congress has the exclusive and specifically enumerated responsibility to coin money! .
Artificially limiting the momey supply to some precious metals is very restrictive
limiting economic activity. There were severe depressions prior to establishment of the Federal Reserve in 1913.
Well, the biggest thing that happened during Covid was massive inflationary policy. In a few months, the M1 Money Supply (the money that is instantly spendable, like checking accounts) QUADRUPLED. Simply put, the people who stand closest to the printers make the most.
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I’m facing an urgent issue here in St. Pete, FL. Can you provide guidance on the best course of action? Please see my post for the details.
How about we remove consenr for any of rhese systems put in place that has been corrupt from the begining and if they can be bought they an be bought again this all works under the decleration of independence and it states that thwy have to have consent with out consenr its null ans void the operate on the assumption rhough so we have to declare no consent
Plus we demand any qet singnautre contracta saying we have given consent in the past id they cant provide that rhan they know there hasn’t been consent. So lets only consent to thinga being fair and not fraud of rhe people
Private equity are the buccaneers of the 21st century, taking over companies, stripping assets, loading them up with debt and dumping their financially raped carcasses on unsuspecting investors, leaving workers and communities holding the bag. Do not have a clear solution other that identifying this action in the tax code and imposing tax consequences that make it unattractive.
You bring up a very valid point. The proposal to cancel the debt held by the Federal Reserve and write it off its balance sheet is bold, but it could significantly reduce the overall burden of federal debt, as you mentioned. By doing this, the Treasury could assume direct control over paying off maturing bonds, which would introduce money into the economy without creating the same level of debt accumulation. This would allow the government to potentially balance the creation of money with its capacity to provide for public services without exacerbating fiscal deficits in the traditional sense.