Plantinseeds

Design A Country Rescue Package Here (Comment Competition)

I have a solution!
It will not only fix Spains problem but also Californias and the United States.

I will use the United states treasury as the example wich could be and should be used in any free nation.

Very 1st thing is to shut down the Federal reserve (FED). The FED is not a part of the U.S. goverment, it is a private bank that creates money out of the thin air and loans it to the U.S. Treasury through bonds and goverment securities. It loans this money to the goverment with interest ( Debt money ).
Did you know that in 1991 the Fed's income was approximately $22.6 billion dollars. That was mainly derived from the loans it made to the U.S. goverment....and that $22.6 billion was just a partial of the interest owed on those loans. Of course that money was paid back by you and me on our federal income taxes.

So lets kick the FED to the curb and have the United States treasury start printing "our" money that we own. U.S. Constitution, Article 1, Section 8, clause 5 states: " The congress shall have power to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures."
We will call this the Treasury Credit Money system.
The goverment will create the money and spend it into the economy through public works bills passed by congress.
The Treasury will loan money to the state goverments @ 0% interest for there budgets and public works bills passed by state goverments. This in turn will be paid back through sales taxes, fines, fees and tariffs. Did you notice that there is no income taxes?
The national debt is gone under this system. Inflation will not and cannot exsist in this system. This system only promotes private and public systems, it does not deter and create inflation or create a national debt that can never be repaid.
I do not understand why any congress person or senator cannot see the absolutely criminal system that we have in place now.
Why we gave our money creation to a private bank in 1913 so that they could loan it back to this nation with interest is absolutely criminal.

" It is only in a debt money system that inflation has ever occured."
Inflation is characterized by the loss of purchasing power of the dollar. Steadily rising prices are a symptom of the loss of purchasing power. It is the devaluation of the dollar that forces general price increases.
The dollar's devaluation, in turn, is caused by the inherent flaw in the debt money system, namely, the creation of most money as debt. This locks the system into a vicious cycle of escalating borrowing in a futile effort to pay both interest and principal. A debt-money system is naturally inflationary, due to the built-in shortage of money to pay interest. The shortage forces continually increasing borrowing, which requires price increases to cover the cost of business borrowing.
In the debt money system, prices increase as a reflection of the escalating interest charges being incurred by producers. The term "price inflation" clearly identifies the process of rising prices. However, the term "inflation", when applied to the econonmy as a whole, fails to identify the "debt-generator" which causes prices to rise. The term is totally misleading. The more accurate and discriptive term for the mis-called "inflation" phenomenon is debt-induced monetary devaluation.
In a debt money system the money is never printed to pay the interest on the principal.