THE FEDERAL GOVERNMENT CAN NOT GO BANKRUPT; IT HAS THE POWER TO CREATE MONEY (ARTICLE 1, SECTION 8, OF THE CONSTITUTION).
HOW CAN THE INTELLIGENTSIA OF AMERICA BE SO BLINDED that they cannot see that the Federal Government must have a money system that can create and maintain an equivalent ratio of money to the goods and services that its peoples’ hands and minds can produce? Nature’s Basic Law of Economics states: All goods and services flow from the action of people resources on natural resources— Money is the medium of exchange which should be equal to the value of the goods and services—and not to a gold standard or some other insane idea.
MONEY FOR BOTH DOMESTIC AND DEFENSE
The question should be: are there people resources and natural resources available for both? Money can be created (Article 1, section 8, of the Constitution). When are we going to wake up?
<>We don’t have to be a NATION OF ECONOMICS IDIOTS.
HOW TO GET THE ECONOMY BACK ON TRACK IN A FLASH BY GIVING 535 BILLION DOLLARS TO THE STATES
Give each state one billion dollars for each member of Congress– which would distribute the money equally among the states. States could keep all of their employees, and they could add a few more. They could create millions of new jobs by getting a lot of needed projects going. The Federal Government has the Constitutional authority to create new money. It doesn’t need to borrow it from China or anyone else. Giving 535 billion dollars to the states makes more sense than giving two or three trillion dollars to the banks.
TAX CUTS FOR THE RICH AND FLOAT DRIED UP MONEY SUPPLY When the rich get tax cuts, they don’t put it under their mattress; but what they do with it has the same effect. They store it as bytes on computer chips. They don’t spend the money that’s needed to moves goods and services.
The efficiency of the clearing houses for financial institutions has dried up trillions of dollars in float. You can’t beat a check to the bank any more. Debit cards, paying bills on line, buying on the internet with Pay Pal and the many other ways that money can instantly be taken out of bank accounts has dried up the money supply. When you could beat a local check to the bank and when it took an out of town check ten days to clear the bank, there were billions of dollars that could be spent by the depositors and billions that could be loaned out by the banks. WHERE ARE THE ECONOMISTS?

The economic effect of the rise and fall of the stock markets is a misconception and is, in fact, just the opposite of what people are told. Most of the hundreds of stocks that are listed on the New York Stock Exchange, NASDAQ and the American Exchange are not new stock issues. Most of them have been on the stock exchanges for years. When a new stock is issued to raise money to start a new company, it has a very positive effect on the economy by creating new jobs which produce more goods and services — the real wealth of a nation. What a stock sells for after the initial sale has no positive effect on the economy unless it sells for less. When the price of old stock drops, it takes fewer dollars to pay for the same stock certificate; therefore making more dollars available to purchase other items. If the price of an old stock goes up, it merely takes more dollars out of the economy to purchase the same stock certificate. This has the same destroying effect on the money supply as inflation.

The up and down cycles of the stock markets are made to work by the people who have seats on the stock exchanges, program buyers, and by institutional managers of many different kinds of pension, money-market , and a host of other funds. These people can make the stock market go up or down by selling or buying big blocks of stocks or by using any kind of psychological or capricious ideas around to justify their actions. Whichever direction the wind blows, the stockbrokers receive their commission. Stockbrokers have the best of both worlds; they get a commission when the stock is purchased and also when the stock is sold. Whether the stock is selling high or low or whether the stockholder is making money or losing money, the commission is still paid.

No one is suggesting that the stock markets should be done away with, but the real role they play in the economy ought to be understood so that their influence on economic stability is lessened. Whether the stock markets are up or down, the thing that should provide for a healthy, growing economy is an adequate money supply…one which can exchange all the goods and services the highly productive American workers produce.

The stock markets are truly legalized gambling for anyone who buys stock hoping that the price will increase so they can cash in their winnings. This legalized gambling is a good thing in a capitalistic system, making it possible for stockholders to become millionaires if they play it right; but the true value of any stock is found in the dividend that it pays per share in company earnings.

THE NEWS MEDIA IS DOWN IN THE SAME BARN WITH ALL THE PHD IN
ECONOMICS 101 STIRRING IN THE SAME PILE OF COW MANURE.
GET OUT OF THE BARN. VISIT INTERNERFREEPRESS.COM

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