To understand why this is not happening look to the Federal reserve and the entire banking system.
The Fed is a half private/public institution. It is the source of power for all the banking clans and why they have a chokehold on America.
The fractional reserve banking system allows them to create credit ex nihilo and all banks and government borrow this imaginary money from the Fed when they need some more juice, but have to repay it with interest.
Because of the way the economy is established and the massive amount of debt the country is in, it is no longer possible to end the fed. This would destroy the American dollar, reignite the great depression and destroy the lives of regular working class people.
The only reasonable way out of the chokehold is for the government to end the private ownership of the fed and take full control. They then can use the fractional reserve banking system to to create this imaginary money to pay off the national debt, but over the course of 10-20 years so as to keep inflation to a mininum.
If you want to take power back and truly return it to the people, you're going to need a new economic system, one that doesn't rely on a debt based economy.
There is a way, but American conservatives seem to be thoroughly indoctrinated into the Austrian school of economics, which makes true reform extremely difficult.
That style of economics is what the bankers use to their advantage, and unless Americans come up with a new school of economics to revise capitalism and fix the brokeness, America will always be on the path to serfdom.
Many find this hard to accept, but capitalism is a broken system. The closest thing to free market capitalism existed before WWII, and the economy was in recession 40% of the time.
After WWII the government got way more involved in the free market and switched to Keynesian economics and that's what caused the boom. Crony capitalism as many call it, is what many conservatives say the don't want. But keynesianism is crony by nature and most conservatives say you still need some regulation, thus they wish for the crony aspect to help the little guy, but in reality the regulation will always help out the highest bidder.
This is not an advocacy for socialism, as that system is even worse. But there needs to be new theories that are well thought out, and are not set up to the advantage of the banking clans.
I guess you came from the dark ages. US Corp is bankrupt and dissolved. We are light years beyond your theory. Wake up.
It's not. Like I said look to the Fed. It's still there and it aint going away. Wake up.
I have thought the same thing. I don't know if the US Corp is bankrupt and dissolved.
If it is.
I would expect what is happening right now is some type of restructing. You can't just stop the fed with a click of a button.
Something like that would be converted and changed slowly.
I think it's possible to get rid of the US Corp. But still rework the fed at the same time.
"...But there needs to be new theories that are well thought out...."
SHOOT THE FUCKING THIEVES.
--Are we done yet?
You need to blow off the dust on that. Quantum financial system has been operational for a year now soon to be announced. The Fed is part of a foreign entity the US Corporation, bankrupt, dissolved.
Further explanation of what Trump did to federal reserve.
https://takeoregonback.com/2020/06/09/the-real-reason-trump-merged-the-us-treasury-with-the-federal-reserve/
This seems like a good start honestly, however the problem is congress. They are forcing government spending to unprecedented levels.
Hopefully this helps put the brakes on the private sector banking system to stop giving out bad credit, but if they are intentionally doing it, this merger wont change that.
You should consider following X22 Report at X22report.com...Dave archives his shows there....go back about 6months and start there he breaks his programs up into two parts watch the "A" reports which is more of a financial news update...Dave was a financial market report pundit before Q even came along...the short story of his take on the FED, It's broken, we live in a financial illusion and for the time being the FED is being pumped to keep the system stable at the expense of Charter Banks whom are owned by people like the Rothchild's. The idea being in the end to collapse the fiat federal dollar and replace it with a gold backed one. As for the private banks and credit...when you consider that Banks derive their power and control over the people whom are indebted to them. Then you understand why they have no problem issuing bad debt... after all we the people bailed them out the last time they messed up, right? Except for a few most of those banks still operate today. Putin just paid off his country's world bank loans and kicked the "Dollar" out of Russia as reported just yesterday, so I think he's aware of what is to come as well. There will be no saving the banking system as we know it in the end.
I ain't no financial geek but I think Trump has already done this. The US treasury is now responsible for printing money . Trump is in charge.
https://www.investmentwatchblog.com/the-federal-reserve-the-treasury-just-merged-into-a-single-organization/
https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html
Not quite no. It is the internal structure of the Fed and the private business interests that get appointed without government oversight.
What I am talking about is fully nationalizing the Fed and appointing people. This article is saying that the treasury and Fed are combining which is different.
The Fed is a foreign owned business (Rothschilds et al) on foreign owned soil (D.C. is owned by the same people aka London bankers) under a foreign controlled government (Act of 1871). Merging with the treasury will force them to keep buying up securities and eventually own most of America's debt.
The Fed is going bye bye. It's not happening tomorrow, but it is happening. All the old rules are out the window. Absolutely nothing is as it seems on the surface.
Nailed it
As a matter of fact, trumps speech when he was signing the storm act , he said to us, you already have more than you know
A lot of nonsense in this post, OP.
It is 100% private, but it does have a public fascade to fool the people. The running of it, though, is purely private.
False. The US Treasury can simply take over the function of the fed. They could then audit the fed, and prosecute and seize assets of the fed members who have engaged in fraud through the years. While that would not settle the debt, it would be a start. Seizing the fed would not result in a depression.
I'm reasonably familiar with the Austrian School of Economics (Lugwig von Mises), and I know that very few conservatives know anything about it, and many would not agree with it if they did (which is a shame).
FALSE. Bankers (at least central bankers) are VIOLENTLY OPPOSED to Austrian economics. They are strickly in the Keynesian School -- which is why they have fucked everything up so bad.
False. We do not have capitalism today. We have a mix of fascism and merchantilism and socialism. Basically, crony capitalism, where big business is in bed with big government to enrich each other at the expense of the People. That is NOT capitalism, no matter how much they claim otherwise.
False. The closest thing we had to capitalism was REAL capitalism in 19th Century America -- which saw the greatest economic boom in the history of the world.
What we had pre-WWII was the 1930's Great Depression, which was caused by the Federal Reserve's boom/bust purposeful manipulation of the economy, and FDR's socialist policies that prolonged the pain.
There was actually a depression that started in 1920, but Harding became president and he was a true capitalist. He decided to let the market clear the misalllocation of resources rather than have the government screw things up, and the depression was over within 18 months -- even though by several metrics it was worse than the Great Depression (just did not last as long because Harding's decisions were good and Roosevelt's decisions were catasrophic).
Keynesian economics is all about government borrowing. Yes, it will result in a TEMPORARY boom, but that can only continue if the borrowing continues. Evenutually, the piper has to be paid, and that is when you have the busts. It becomes an endless cycle, rather than a steady prosperity (like in the 19th century).
True. It's called "regulatory capture," and it's why crony capitalism creates a greater divide between rich and poor and erases the middle class. It is not a natural phenomenon. It is the result of CORRUPTION between government and big business -- nothing at all to do with real capitalism.
First thing you should do is read up on Austrian Economics, because you don't seem to have a solid grasp. The Mises Institute has a lot of reading material on their website.
Next, you should understand free market capitalism.
The government should be out of the way, and only provide the services of courts and police to allow the People to adjudicate their disputes peacefully.
That's how the Constitution set things up, but generations have not been watching over their government, and the result is the corrupt system we have today.
I think you have an overly romantic view of the years before the fed. The economy went through constant boom bust cycles which was devastating to the American economy. Here is a link describing the bust cycles.
https://www.thoughtco.com/financial-panics-of-the-19th-century-1774020
Also your timeline is off. Austrian economics was developed in the late 19th century and soon after you get the fed which then led to keynesian economics.
You can't point to a time where pure capitalism existed and delivered what was promised, reality is it did not work and had to be saved by government intervention.
The government can only do so much when it comes to a market. Their main job should be to help foster competition in the free market.
It is impossible for "Central Planners" to control a market effectively. Prices of goods change too quickly for central planners to be able to react.
I am a software engineer.
As more and more things become automated. The less need there will be for government.
Sorry for the multiple replies, just going over some of your other points.
When you said the the fed is 100% private, how do you come to that conclusion? You surely know that is false and the public/private description is accurate. It is run by private interests with the full force of government.
Also when I said it is no longer possible to end the fed, you claimed that was flase. Yet you advocated that the problems could be solved by nationalizing it by merging it with the treasury. I had said in the OP that the debt could be solved by nationalizing it so what I said was not false.
That whole system is corrupt and TRUMP has a plan for that watch and see.
I think you are confusing Austrian with Keynesian. Austrian is what we want Keynesian is what we have.
The theme here is that Austrian economics didn't work and Keynesian had to be used to stabilize the economy.
Here is a critique if you are interested.
https://theimaginativeconservative.org/2010/09/economics-of-distributism-part-i-john-medaille.html
The theme is wrong.
Well, Trump did sign a Declaration of independence for the New Republic last July 4. I suspect we've been under two governments since then This went under the radar.. https://mobile.twitter.com/FLOTUS45/status/1279451197276065792
These guys give good insight into what I think Trump has/is doing. https://youtu.be/-lQ7jfnfwYs
Maybe do a SEARCH for merge of federal reserve into the treasury. Maybe it will surprise you who has FINAL control once FEDERAL RESERVE cannot pay.
You are mistaking the US Dollar for Federal Reserve Notes.
These are two different things.
The FED is a private entity. The currency they issue is a private currency, called FRN or Federal Reserve Note. It means nothing. It is an IOU, I owe you.
What happens when the FED .....
it given all the FRN in circulation? All of a sudden the FED has a problem, Not the USA.
Given the fact that the USA is debtor to the FED, an arrangement can be made to transfer all debt into a holding company, based on the FRN.
Then all FRN's are dumped into the FED. The FRN takes a nosedive.
China is angry for losing a trillion in debt holdings and a couple of trillions for all debts issued in China in FRN's.
Banks do this all the time when their debt load becomes untenable. It's called a bad loan bank.
At any rate, when things go south, it is the taxpayer holding the bag. By doing the same thing what banks usually do, the roles are reversed, and it's the banks that hold the bag.
My goodness, that would be a day ....
Good points. But I already think the globalist want to do a "GREAT RESET" and start from ground zero.
It will all depend on what other countries do as well.
The great reset is inevitable if the current economic system stays in place. Soon interest repayments on the national debt will outpace the defense budget and it will be the largest expenditure. If it keeps going the way it is, you will eventually own nothing as the globalists say.
Correct.. so something huge will be happening to our econ system no matter how we look at it.
It's possible for Trump to have gotten rid of the US Corp from a legal standpoint. Such as turning us back to a "Common Law" vs "Maritime Law" system.
The econ part would have to be handled differently.
Like I said, it doesn't work even if the government doesn't interfere. The economy was stagnate before WWII and in recession 40% of the time.
Fed came into being in 1913. That’s not Austrian.
I got my numbers from this article. There is a footnote to where the numbers come from.
https://theimaginativeconservative.org/2010/09/economics-of-distributism-part-i-john-medaille.html