Nature’s Basic Law of Economics

Nature’s Basic Law of Economics states: there are only two kinds of resources—people resources and natural resources.  All goods and services are produced when people resources work with natural resources.  As long as these two resources are available, there is no reason for not producing the goods and services needed and wanted by the people of the world.

Money should be used as a medium of exchange to facilitate the exchange of people’s productivity.  If there is a shortage of money, governments have the responsibility to supply the money necessary.

There is no excuse for a depression or a recession unless some natural disaster renders the combination of people resources and natural resources unworkable.

It is not a natural disaster that afflicts the world.  The disaster is the result of the abysmal ignorance of government officials concerning Nature’s Basic Law of Economics.  That disaster has names such as “recession,” “inflation,” “welfare,” “unemployment,” “crime,” and “poverty.”  Bringing together people resources and natural resources in full employment at quality wages is the first task of government officials—when they learn Nature’s Basic Law of Economics, the whole world will benefit.

People talk of everything in terms of money, when they should be talking in terms of people resources and natural resources.

Instead of asking how much money a thing will cost, the question should be, how many people and how much in natural resources will be required to produce the good and service?  To think of money only as a commodity instead of as a medium of exchange is to make money a barrier to economic prosperity.  Money should be used to exchange the goods and services people produce, not impede the flow of economic life.

One often hears, “I’m tired of the Government spending my tax dollars on welfare programs and space flights, etc.”  A person making such a statement probably does not realize that we live in an interdependent world.  Such a statement reflects the philosophy of money as a commodity, not money as a medium of exchange.   A welfare recipient, for example, serves a useful economic purpose—providing employment for “bureaucrats” and spending power for the “bureaucrats” and the welfare recipient.  The recipient of government money from space programs, to use a parallel, is also providing the community with the power to exchange goods and services.  Instead of the complaint that the government makes to many dollars available, the complaint should be that the government makes too few dollars available.

SCIENCE OF ECONOMICS (The numbers below were first published in 1991 when GNP was six trillion dollars, to correct for today’s GNP multiply by 2.5)

There is not a science of economics because economists do not understand sixth grade arithmetic and Nature’s Basic Law of Economics.  The economy is a result of the balance or imbalance between people resources, natural resources and money.

Apply Nature’s Basic Law of Economics and sixth-grade arithmetic.  One sees: GNP of $6,000,000,000,000 (six trillion dollars).

1% of $6,000,000,000,000 = 60 billion dollars.

1% rise in the price of goods and services = decrease in the money supply by 60 billion dollars.

10% inflation = goods and services costing 600 billion dollars more; 600 billion dollar decrease in the money supply.

Result: 600 billion dollars worth of goods and services cannot be exchanged.  Further results: Unemployment and decline in the GNP.

To maintain balance, the government must increase the money supply: 1% increase in inflation of a $6,000,000,000,000 (six trillion dollar) GNP requires a 60 billion dollar increase in the money supply or the equivalent amount required to exchange 60 billion dollars of goods and services.

The Five- Finger Mixturist Agenda

1. ADEQUATE MONETARY SYSTEM: The three functions of the Federal Reserve private banking system to lower or raise discount rates, to buy or sell securities on the open market, to lower or raise the reserve requirements for member banks are inadequate for maintaining a balanced money supply at all times. By adding a FOURTH AND A FIFTH FUNCTION to the monetary system, a balanced money supply could be achieved. The fourth function would index the PAYROLL TAX on a scale of 1 to 10  which would bring a better balance. The index could be lowered when more money is desired in the consumers pockets and raised when less is needed. NEW MONEY WOULD BE CREATED TO MAKE UP THE DEFICIT, NOT BORROWED FROM CHINA OR ANYONE ELSE. A fifth function could be added by using Article !, Section 8, of the Constitution to coin money and regulate the value there of, and then by-pass THE FEDERAL RESERVE PRIVATE BANKING INDUSTRY and give the money to the Treasury Department. The Treasury could fund infrastructure work, and give money to the states to help them fund programs. States gave up there right to create money when they joined the United States of America.

The American people needs to know that banks BUY and SELL money like all other businesses do; that when a bank pays 2 percent for money and sell it for 8 percent, the banks make 400 percent gross profit and not 6 percent like they would like for you to think. If a merchant pays two dollars for a candy bar and sells it for eight dollars, the gross profit would be 400 percent just like a bank buying money for two dollars and selling it for eight dollars. The gross profit would be 400 percent. Banks are engaged in Loan sharking! ANY INTEREST RATE OVER FIVE PERCENT IS USURY.

CONGRESS NEEDS TO CREATE NEW MONEY EACH YEAR EQUIVALENT TO THE INCREASE IN THE GREED INDEX WHICH IS CALLED INFLATION. INFLATION IS AN EUPHEMISM FOR THEFT. GREED WITH A PRICE MARKER DEVALUES MONEY. Article 1, Section 8, of the Constitution gives Congress three way to raise money: taxation, borrowing money, and most important coining money and regulating the value. Congress uses a two leg stool when the stool has three legs. ONLY CONGRESS HAS THE CONSTITUTIONAL POWER TO CREATE MONEY, NOT THE FEDERAL RESERVE PRIVATE BANKING SYSTEM.

Article 1 – The Legislative Branch
Section 8 – Powers of Congress  ***See to coin money…

**** To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and  Measures; WHY NOT USE THIS LEG OF A THREE LEG STOOL TO SOLVE AMERICA’S ECONOMIC PROBLEMS? WHY USE ONLY TWO LEGS?

2. RESERVE RETRAINING WORK FORCE: The greatest problem facing America is EMPLOYMENT AND UNEMPLOYMENT. This problem can be PERMANENTLY solved by establishing a Reserve Retraining Work force. Everyone would be in the regular work force or in the Reserve-Retraining Work force. All unemployment would be by choice.
It wouldn’t matter which side of the track you were born on, you would go to school free, and in some case the unemployed would get paid a living wage while going to school. Any one could go as far as their mind will let them by making passing grades. Employment offices would mean what they say: employment or education with pay. When old jobs are no longer needed, people must be re-trained for new jobs and get paid while being re-trained.

3. ALL AMERICANS WHO WANT TO OWN A HOME SHOULD BE ABLE TO, REGARDLESS OF INCOME. The Federal Government should endow a HOME LOAN FUND, so anyone making below average wages could borrow money to finance a home at an interest rate from 1% to 2% FOR UP TO
50 YEARS. The Federal Government must become a competitor of the banking industry. Public enterprise has as much right to exist as does private enterprise. The Constitution call for a form of MIXTURISM: business and government working together to meet the needs and desires of all the people.

4. HEALTH CARE SYSTEM: Since the average health care claims run under $20,000, the Federal Government could pay all claims over $20,000 for only 32 billion dollars per 1 trillion dollars of total health care cost. Without having to worry about claims for over $20,000, small businesses and small organizations could self-insure which would put real competition in the insurance industry where none now exist. THIS WILL LEAD TO A SINGLE PAY UNIVERSAL HEALTH CARE SYSTEM. Obama Care is a giant step toward Universal Health Care. Paying all claims over $20,000 is the next best step. Public enterprise has as much right to exist as does private enterprise. All the Government wants and needs to do is provide the money to pay for health care. The Government doesn’t want to own doctors or hospitals. It just wants to make sure doctors and hospitals get paid. The last thing that Government wants or needs to do is take over doctors and hospitals. A poor argument made by those who oppose Universal Health Care.

5. A FIRST CLASS EDUCATIONAL SYSTEM CAN BEST BE ESTABLISHED BY HAVING THE TEACHER BECOME THE DIRECTOR OF A PLANNED PROGRAM THAT WILL REACH ALL OBJECTIVES DESIRED USING THE BEST OF SCIENCE AND TECHNOLOGY. WE COULD SPEND A BILLION DOLLARS ON EVERY COURSE BEING TAUGHT IN HIGH SCHOOL THAT WOULD TEACH EVERY THING KNOWN ON THE SUBJECT BY EXPERTS WHICH WOULD BE CHEAPER THAN WHAT WE ARE NOW SPENDING ON EDUCATION, AND IT WOULD ALLOW ALL TEACHERS TO DO A SUPER JOB OF TEACHING. Every person regardless of which side of the track they were born on; they should go to school free as far as their mind will take them.

Read more at http://www.internetfreepress.com or Reach Jim Carroll at (865) 470-2610

THE DREAM OF THE VAST MAJORITY OF PEOPLE ON PLANET EARTH IS NOT TO BECOME MILLIONAIRES; BUT TO HAVE THE 30 plus ESSENTIALS FOR LIVING, NOT JUST EXISTING. THIS SHOULD BE THE OBJECTIVE OF EVERY GOOD INDEPENDENT, LIBERAL, PROGRESSIVE, DEMOCRAT AND MIXTURIST.

THE 30 plus ESSENTIALS OF LIFE FOR LIVING –NOT JUST EXISTING ARE: ROOF OVER THEIR HEAD, CLOTHES ON THEIR BACK, FOOD ON THE TABLE, AUTOMOBILE, EDUCATION, HEALTH CARE, ALARM CLOCK, LIGHTS ON, WATER RUNNING, TOILET FLUSHING, AIR CONDITION, STOVE, REFRIGERATOR, DISH WASHER, WASHING MACHINE, CLOTHES DRYER, MICROWAVE, COFFEE POT, BATH TUB, SHOWER, FURNITURE, LINENS AND THINGS, TV SET, COMPUTER, HOUSE PHONE, CELL PHONE, VACUUM CLEANER, VACATION, TOILET PAPER AND A JOB OR INCOME THAT WILL PROVIDE THESE 30 plus THINGS. ALL OF THESE ARE POSSIBLE NOW. WHY WAIT? The sad part of all is that the rate of cost for any of the 30 plus essentials for living cost the same whether you make ten thousand dollars a year or a million dollars a year.

THE ONLY THING BLOCKING THE DOOR TO THE AMERICAN DREAM IS THE REPUBLICAN PARTY; THAT DREAM COULD BE NOW. WHY SHOULD THE POOR WAIT UNTIL TOMORROW TO EAT– WHILE THE RICH GET RICHER?

REACH JIM CARROLL 865-470-2610 Visit http://www.internetfreepress.com

REPUBLICANS WIN ELECTIONS BY PUTTING TOGETHER COALITIONS OF HATERS… DEMOCRATS CAN OVERCOME THIS HATRED AND WIN…

These Republican haters are people who would deny women the right to get an abortion or birth control; haters of same-sex marriages; haters of gays and lesbians; Haters of Afro-Americans, Hispanics, Latinos, and Muslims; haters of Well-Fare, Food Stamps, Unemployment Benefits, Social Security, Medicare, Medicaid, Disability Benefits, Obamacare, and Public Education. These haters would cut their own noses off just to spite their faces.

Democrats can win by putting all the things that Republicans hate on the shelf for the campaign season and concentrate on the things that are really important to the people and waste no time talking about the things that people hate. All Democrats know where Democrats stand on all the things that the Republicans hate: they do not need to be reminded.

The things that are really important to people are Retirement, Jobs, Unemployment, Social Security, Medicare, Medicaid, Health Insurance, and Obamacare. Democrats need to talk about all of the positive things that Democrats have done in the past and propose to do in the future.

Democrats need to convince all Democrats that they need to vote 2014 and not worry about 2016 yet; Democrats need to convince the America people that a vote for any candidate with a (R) Republican by his or her name is a vote for the Koch Brothers and Grover Norquist; Democrats need to convince the American people that when they vote for a Republican they are voting to kill Social Security, Medicare, and The Affordable Health Care Act; Democrats need to challenge ever Congressional District with a good candidate no matter how red the state is.

DONALD STERLING AND CLIVEN BUNDY SPEAK FOR THE REPUBLICANS  BETTER THAN THEY SPEAK FOR THEMSELVES. FOX NEWS TAKES GREAT PRIDE IN REPEATING THEIR RACIST REMARKS.

The vast majority of the American people approve of the things Obama stands for; in order for President Obama to get his approval ratings up, he will have to paint one side of his face white.

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STATE SENATOR, STACY CAMPFIELD, OF TENNESSEE SHOULD RESIGN FOR ALL HIS UNGODLY REMARKS ABOUT OBAMACARE AND THE HOLOCAUST; AND THE PEOPLE SHOULD BOYCOTT PILOT OIL COMPANY UNTIL REPUBLICAN GOVERNOR, BILL HASLAM, STOPS DENYING PEOPLE OF TENNESSEE HEALTH INSURANCE…

It was Pilot Oil, which is owned by the Haslam family, which put Bill Haslam in the Governor’s Mansion.

Pilot Oil was accused of gouging their customers out of $114,000,000.00 during The Hurricane Katrina Disaster; and Bill Haslam spent $14,000,000.00 of it putting his campaign signs on every street corner from Bristol, Tennessee to Memphis, Tennessee. Pilot Oil just recently was accused of being involved in a kick-back scandal by selling gasoline to some trucking corporations at special prices and not to others.

Tennessee used to be a decent place to live until the Republicans took control of the State Government with the big money of Pilot Oil, Koch Brothers, Grover Norquist, and their kind.

I can remember the days of Democrat Governors like Frank Clement and Ned McWherter; and Democrat Senators like Estes Kefauver, Al Gore Sr., Al Gore Jr., and Jim Sasser. Now we have a Governor bought by Pilot Oil Company and Senator Lamar Alexander whose chief of staff had to resign for being involved in child pornography (which got little coverage in the Knoxville News Sentinel); and Senator Bob Corker who interfered with the union election of automobile workers in Chattanooga with his lies.

The Knoxville News Sentinel which now monopolizes the daily news in Knoxville, Tennessee and almost all print advertising because the only competition it had was the Knoxville Journal which Senator Lamar Alexander supposedly got a nice fee for helping sell it for $18,000,000.00 which was trashed shortly thereafter giving the Knoxville News Sentinel the ability to charge higher prices for advertising and walk the Republican line. The name, Knoxville Journal is still used in Knoxville by a weekly newspaper with maybe 10 or 12 thousand in circulation. The Knoxville News Sentinel has bought up other minor publications and now has a monopoly.

Under the first amendment newspapers do not have to pay property taxes even though the Knoxville News Sentinel has $17,000,000.00 worth of property. They abridged the freedom of the press by monopolizing it.

The customers of Pilot Oil Company should thumb their noses at Pilot Oil Company; and should buy their gas on the other side of the street or just down the road until Governor, Bill Haslam stops denying some Tennesseans health insurance. It is so easy: no sit-ins, no marching, and no occupying anything; it doesn’t cost you anything to go just on the other side of the street or just down the road. WE THE PEOPLE REALLY DO HAVE THE POWER — ECONOMIC POWER. READ MORE: Click here http://www.internetfreepress.com

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THE CONSTITUTION OF THE UNITED STATES OF AMERICA CALLS FOR AN ECONOMIC PHILOSOPHY OF MIXTURISM, NOT CAPITAILISM, NOT SOCIALISM, BUT A MIX OF BOTH PRIVATE AND PUBLIC ENTERPRISES…

Preamble:

We The People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Public enterprise has the same rights as does private enterprise or a mix of both; only can the Preamble to the Constitution become a reality if Business and Government work together to meet the needs and desires of all.

SHOW ME ANY WHERE IN THE CONSTITUTION WHERE IT SAYS THAT AMERICA HAS TO HAVE A SYSTEM OF ONLY PRIVATE ENTERPRISE AND CAPITALISM! REPUBLICANS SEEM TO THINK SO.

The Federal Reserve, a private banking system, is fine for the distribution of money ; the job of creating new money is the sole power given to Congress; Article 1, Section 8, of the Constitution: To coin money and regulate the value there of; Congress must create all new money and give it to the Treasury Department. Congress needs to stop borrowing money and create it. Congress needs to ask one question: are there people resources and natural resources available to do any job that needs to be done? Money can be created, not borrowed.

AMERICA NEEDS A NEW POLITICAL PARTY TO REPLACE THE DYING REPUBLICAN PARTY. THE MIXTURIST PARTY WOULD BE FIVE STEPS AHEAD OF THE DEMOCRATIC PARTY WHICH IS TOO CONSERVATIVE.

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