Title: Mcgowanjm Wire 2013 Source:
[None] URL Source:[None] Published:Jan 1, 2013 Author:Mcgowinjm Wire Service Post Date:2013-01-01 17:18:57 by A K A Stone Keywords:None Views:139595 Comments:236
1) The relative economic decline in any one region, as quantified by a relative decline in per capita GDP, will be proportional to the relative decline in per capita petroleum consumption rate for that region. It is inherent in my PIE analysis that the future import and export trends for each region have been accounted for, and, for the purpose of this analysis, I am going to assume that alternative fossil fuels could not or will not be ramped up in time to make much of a difference for the one area that petroleum has been critical for economic growth: transportation.
June 4 1963 50 years of Civil War now coming to a head....;}
"The truth is that we do not have to have a system where more money is only created when more debt is created. We could have a system where the federal government directly creates debt-free money that is spent directly into circulation by the federal government.
In fact, this has happened before.
As I have written about previously, during the presidency of JFK a limited number of debt-free United States Notes were issued by the U.S. Treasury and spent by the U.S. government directly into circulation without any new debt being created. In fact, each bill said "United States Note" right at the top.
Unfortunately, after JFK's presidency no more debt-free United States Notes were ever issued."
If the Federal Reserve did not exist and the U.S. government directly created money instead of borrowing it, it is conceivable that we could have a national debt of $0.00 today instead of $16,432,707,263,449.56.
Which option do you think our children and our grandchildren will wish that we had opted for?
