Topic: Your Economic Recovery Program - page 3. (Read 3129 times)

Volckner solved less than he caused.  His actions devastated the industrial sector of the USA while chasing phantoms of inflation.  Inflation is about 13th on what the average person should be demanding out of a central bank policy.  In addition much of what the Central Banks consider inflation is a rise in wages -- to which they are against.  A 20% prime rate is exactly what we don't need right now.  That would cause incredible misery and hardship for 99% of the world and favor those that have money in this economy which really only is the rich and super rich, everyone else's effective debt burden would be greatly expounded by the deflation this would cause.  Works great for the bankers though, they sign you on to some debt when money is cheap (low interest rates) and then get you to pay that back after the price of money is made very expensive (high interest rates).

Because this path is preventable and we are choosing it by our actions and beliefs.

This is not an inevitable outcome.  It depends on the choices we make.

If we choose to cause a deflationary crash in hope that "the market" will save us many will die, this is a fact.  That is why I implore you to reconsider what you think a recovery program would look like.

This is much better but lacking still.  I assume you are going with 1 & 2 from the previous post.  Well if you did the rest of your 3-9 wouldn't even matter because you would have complete disintegration of your political process to which we are dangerously close already.  Getting out of a global depression is like defusing a ticking time bomb and simply smashing it with a hammer of "quit printing money willy nilly" will not work unless we have some more clarification.  A deflationary crash to mimic the Great Depression won't help us right now but will kill millions of people.

What would you do to employee the global imperial army upon their return home from the stupid wars of aggression that we've been engaging in?  A bunch of out of work solders is a very dangerous thing to simply have 'laying around'.  What would you do to help return them into the workforce?

I would also say to sell 10-20% of our foreign bases to the countries that they're in.  I'm sure they're worth quite a bit and could help us pay down some debt.  Not all at once, you don't want to destabilize the world power structure overnight and you don't want to get 'fire sale' prices for the bases that we've spent so much money building, but most of them could be gradually sold off.

Other than that I agree with pulling out of the UN, ending the carbon treaties, probably most or all of 5 if you clarify, 6 I'm not a huge fan but perhaps you can make a great case for it, 7 definitely in 100% support of, 8 in favor of 90% of, 9 in favor of too - I'd pull many Foundation's non-profit tax status papers and shred them on public television.

As you seem quite educated I look forward to what else you'll add to this.

 

Because without an excess of credit, the wealth it represents would disappear.

Yeah, this is a massive simplification. Honestly, the correct answer under the ideal conditions would be "End legal tender", "End most federal agencies (assuming we are recovering the US economy", "Cut taxes" and "Pull out of any international organizations that would attempt to stop the US from doing this for being a so-called tax haven (UN, World Bank, etc)" in that order. Without doing that, the best option would be "No bailouts, wait out recession, then jack up rates to clear out excess credit" (Kind of like the Volcker solution).

If you know what is at the end of the road in the first place, why start down it?

So a deflationary panic meltdown of the market by cutting off all new credit?

This would result in millions of deaths and probably WWIII.

Try again.

That about sums it up.

End of thread.

Myrkul got to the root of it. I would add:

3) Decentralize superstates, pull out of the UN, neuter the non-essential authority of national governments
4) Rip all "carbon treaties" and emissions goals
5) Abolish national and global industry cartels ("regulatory boards")
6) Allow competing currencies
7) End imperial wars of intervention
8.) End involuntary, state-based foreign aid
9) Encourage localized charities over unaccountable, state-funded NGOs

1) Printing money will-nilly.
2) STOP!

Simple, brief, yes... But added complexity wouldn't help anything.

Since we are still in a Global Economic World Wide Depression I'm wondering what the general consensus is out there regarding:

1) What caused it (primarily)
2) What is your plan to get out of it (includes any laws or programs you would add or repeal)


I'll post my program after I put some finishing touches on it.