originally posted by: olaru12
a reply to: ClovenSky
If we are to have any chance, we have to force changes now before this thing crashes.
What do you suggest?
I was kind of hoping others would offer suggestions because mine are very radical. I have been thinking of solutions for a while now and I keep on
coming back to the same conclusion, we have to completely revamp our system.
We have to remove the ability of the vampires to suck off of our productivity. What happened with the lead up to 2006/2007 crash? Fraud, massive
amounts of fraud that went unchecked. What was the fraud? People with the ability to siphon off of the productivity of others. People that take
advantage of other people's ignorance, which is fairly easy in the financial world. The people in power knew exactly what was going on. The massive
mortgage back securities fraud. The mark to fantasy instead of mark to market which is still ongoing today. All of that financial magic did nothing
for the common man and it put housing out of reach for people that didn't want to become a debt slave.
Then after they brought the system to its knees, we bailed them out. We made them whole. We didn't loan the too big to fail establishments money, we
simply GAVE them money. Money that was created out of thin air that permanently entered the economy. Money that will not be payed back to cancel that
Say an entire economy has $100. Then another $100 is created out of thin air. What happens? That newly created money doesn't automatically create
commodities or anything physical so now instead of $100 chasing a basket of good, there is $200 now chasing it. Basically the money you hold halves in
So the first step is stopping them from creating money out of thin air. No more debt. People like to think our national debt isn't creating money out
of thin air but when the mathematical certainty is reached on that money never being repaid, that money is permanently in circulation. We need to let
(*#*(&*# reckless institutions fail again, even if that is at the city or state level. We need to finally purge bad investments out of our economy and
return to reality.
Then once we stop our fiat being rendered worthless with each passing year, we need to stop the vampires from being able to suck off of our
productivity. How do they do that currently? Through finance. Through fractional reserve lending. Through the creation of #((* stupid investment
vehicles that does nothing to help the populace but enriches the connected and wealthy.
Those that derive an income stream off of finance will scream holy hell to the heavens but it is the only way. We need to bring loan sourcing back to
the community level with no usury. It will be a public good for those loans to be made and ensure repayment. The loans would be made out of capitol on
stock or in savings. No money should ever be created out of thin air, especially fiat that relies on people's faith to give it value.
No more shareholders or publicly traded stocks. No more stock market. Investors that choose to lend their money to a corporation will be fully liable
for failure with no investment vehicles to cushion a possible loss. The entire structure is a gambling show that could easily be replaced by something
that was a lot more secure in preventing fraud.
All of the rules and regulations around investment now mean squat. They are there simply to ensure the small fish can't use the same schemes and loop
holes the big fish use to extract wealth.
Like I said, probably no one will agree with my assessment, but I see no other way.