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A Copernican revolution within the American economic system!

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4 TRILLION DOLLARS! On common, that is the annual progress of the US economic system. That is, on common, the brand new worth created every year by the US economic system. 330 MILLION! That is the approximate inhabitants of america in 2021. So in the event you divide $ 4 trillion by 330 million folks, you’ll find that on common the US economic system is rising on the fee of $ 12,000 per particular person per particular person. yr.

With these numbers in thoughts, let’s discover what occurs if the Federal Reserve, by means of native banks, points $ 12,000 in CAPITAL CREDIT at zero curiosity to each man, lady and youngster in america, ANNUALLY. ? My query at this level is: has cash been spent? The reply is NO MONEY HAS BEEN SPENDED! All that has occurred is that there was $ 4 trillion in principal credit score issued, simply ready to be spent.

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Observe right here that CAPITAL CREDIT is completely different from CONSUMER CREDIT as a result of it may solely be used to buy wealth-producing mounted belongings (shares, bonds, land, buildings, machines, patents, copyrights) that ought to earn earnings. common and predictable dividends to their house owners.

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Now, rapidly, an individual decides to make use of their fairness mortgage to purchase $ 12,000 of blue chip shares. At this level, $ 12,000 HAS BEEN EXPENDED. Nevertheless it’s immediately secured (secured so neither the native financial institution nor the Fed is in jeopardy) by the stable, blue-chip inventory worth that was purchased at zero p.c curiosity.

With a purpose to pace up the possession course of, the brand new proprietor can be allowed to repay this principal mortgage mortgage utilizing the PRE-TAX DOLLARS generated by his stock. In different phrases, the brand new mortgage is routinely secured. The proprietor doesn’t dig into his financial savings account. They do not put a second mortgage on the household residence. They repay the mortgage utilizing EARNINGS / Dividends BEFORE TAX AND FUTURE. In funding circles, this technique is known as a “leveraged buyout”.

On common, the mortgage shall be repaid (it’s self-liquid) in 3 to 7 years. However the dividends proceed to movement, creating RESIDUAL INCOME for his or her proprietor. Multiply this situation by 10 years and you’ll find that $ 120,000 was invested within the proprietor’s title earlier than their tenth birthday. By the point they attain faculty age, over $ 200,000 may have been invested of their title, offering them with all of the residual earnings they might want to attend faculty, whereas incurring NO DEBT. MIDDLE SCHOOL. And in retirement, the proprietor won’t want social safety.

To repeat, not a penny is spent UNTIL a purchase order is consumed. As soon as this occurs, the mortgage is immediately secured by the worth of the wealth-producing asset bought. Then the auto-liquidating mortgage is paid off with pre-tax {dollars} in a predictable period of time, in order that neither the person nor the federal government incur long-term debt. And to make issues even safer, a small share of the acquisition value is used to INSURE the whole deal, simply in case the stable, top-notch inventory would not carry out as anticipated and would not pay for itself.

The Biden / Harris Golden Alternative …

Now, in the event you multiply that situation by 330 million folks a yr, you may see how the brand new Biden / Harris administration may pull our economic system out of the WORST ECONOMIC CRISIS America has skilled because the inventory market crash in 1929. Within the course of, they might create no public debt and no particular person debt.

In a decade and a half this technique, if employed, would step by step eradicate poverty and a myriad of associated issues, together with STRUCTURAL RACISM. It could additionally systematically democratize the free market economic system, create tens of millions of NEW TAXPAYERS who would scale back the tax burden on Individuals who at present pay taxes, enable welfare packages to vanish at nightfall, stability the funds and even perhaps to repay the nationwide debt.

10 often requested questions:

1. Does this technique have a reputation? Sure. It is known as the Financial Democracy Act.

2. The place can I discover a detailed clarification of financial democracy? The Heart for Financial and Social Justice, headed by Dr Norman Kurland, is the principle driver of this revolutionary financial technique. Their web site, CESJ.ORG, affords a wealth of in-depth data (together with a replica of the Financial Democracy Act itself) for anybody who desires to dig slightly deeper into their analysis.

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3. The place does all the cash come from? Is he elevating taxes? The cash comes from NEW INCOME / FUTURE dividends (no dipping into present financial savings or placing a second mortgage on the household residence). And it reduces the burden on present taxpayers by creating tens of millions of latest taxpayers who will assist shoulder that burden.

4. How is Financial Democracy / ED completely different from Common Primary Revenue / UBI? For starters, UBI is shopper oriented and its measurement stays comparatively fixed over time. ED is funding oriented, which suggests it builds up and grows over time. UBI is supported by elevated public debt. ED is backed by insured belongings that generate wealth that assure every transaction. In doing so, ED doesn’t create any long run debt.

5. Is financial democracy much like an worker share possession plan / ESOP? Sure. However as an alternative of masking solely those that work for corporations owned by their staff and who’ve entry to an ESOP, Financial Democracy makes use of the identical technique to cowl everybody (no matter age, gender, race, faith) most of which wouldn’t have the means to take part. on the (predictably worthwhile) property aspect of the US economic system.

6. How does financial democracy cut back wage slavery in america? By giving everybody (as opposed to some) respectable entry to the property aspect of the U.S. economic system (the place nearly all new wealth is generated) and creating residual earnings for everybody within the course of, the financial democracy reduces the necessity for anybody to promote their best hours of the day (week, month, yr, life) to an employer (proprietor of a salaried slave) in alternate for a paycheck with which to pay their payments .

7. Who will accumulate the rubbish, accumulate the produce, await the tables and switch the burgers? Who will do the soiled work if everybody has a secure residual earnings to depend on? Good query. Since robots are quickly changing repeatable / mechanical jobs throughout the nation, Bloody Robots ought to be capable to reply this query for us.

8. Why would the mainstream media fail to tell “us the folks” of such a revolutionary financial technique? Fairly merely, the entire mainstream media (together with CNN and MSNBC) is owned and managed by one p.c. And the 1% prefers to maintain “we the folks” below management and in ignorance of revolutionary concepts that threaten to undermine their concentrated energy / wealth. We’re allowed to see and listen to what media house owners enable us to see and listen to. In different phrases, the American mainstream media offers little greater than worthwhile propaganda which in the long term helps the focus of wealth / energy.

9. Why do not universities introduce this technique to all their future economists? To be sincere, most economists have by no means been launched to financial democracy. They can not educate what they do not know. However within the twenty first century, academia depends closely on company funding (i.e. the 1%) for his or her existence. So even when they find out about financial democracy, teachers can hardly afford to introduce this revolutionary technique to future economists with out risking their very own jobs within the course of. (Typical) bureaucrats hardly make waves.

10. What does Copernicus need to do with the economic system? Nothing. Nevertheless it precipitated a seismic shift in the best way folks thought in regards to the form (flat or spherical) of planet Earth. If applied, financial democracy will carry a few related seismic change in the best way folks take into consideration the economic system.


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