Quote:
Originally Posted by GregW
NH Photog - I realized we were going in the wrong direction when we scrapped the Space Program for a few more years in "Nam. Even if we can argue about the need for government supported industrial jobs programs, choosing to build weapons for endless war is simply wrong on many levels compared with choosing to build hardware that supported a positive adventure. We could have had a permanent manned base on Mars instead of the forever war in Afghanistan.
Our country, along with most of the world, has been encouraged to borrow away its own sovereignty and future. Our fate is not our own but controlled by the few financial families that own the world. We have been captured by the financial aristocrats because we fell for their endless prosperity through borrowing mind candy. Take pay for work and you are still free. Borrow and the own you forever.
IMHO the only way to remove ourselves from this trap is to simply declare all of our debts null and void and start over with a new currency. The rest of the world could join us in this revolt against the princes of money. A lot more people would benefit from having their debts canceled than would suffer from losing their nonexistent savings. A few with their wealth based on paper debt would lose everything. They would get what they were owed. The destitution they have planned for the rest of us.
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There is no reason to start over with a new currency. What they should do is restructure the debt. The too big to fails should be allowed to fail. The mortgage backed securities should NOT be paid back at all. Then raise interest rates to a normal level. Banks should be paying depositors 7 or 8 percent. That would reign in the spending by the govt.
GET RID of federal departments that do NOTHING POSITIVE and are just a drain on taxpayers-- like Homeland Security and the TSA and the Department of Education (when the states have always been capable of handling that).
We could see things turn around like we have in the past when we defaulted on our national debt.