I read this was one of the options yesterday for fixing the European debt crisis (this is sure a slow moving crisis, isn’t it?) was “monetizing” the debt. To invent a word, this means “moneyfying” it. I was not sure what that meant, but in the article I read it said the European Central Bank did not have the power to do that.
They need to give it that power, use it, then strip it of that power. I want to be clear that the proposal I have put forward, of permanently sound money, will generate economic growth of unprecedented scope. If we could but redirect all the wealth–buying power–that has been confiscated by banking elites, we could end poverty tomorrow.
When it comes to Wall Street, I am general sympathy with the ideal of opposing UNEARNED income, but the people “leading” this group of vagabonds and derelicts do not make this distinction. They oppose wealth generally, which is foolish when every other word out of their mouth is how they want wealth for the poor.
As I argue often, they don’t really want to make the poor better off, but the rich worse off. This is a doctrine of hatred, of destruction and not construction.
Mao was prepared to kill half of China to “save” the other half. With friends like that, only a fool would fail to run to his enemies and hug them like family. Being dead is not how most people visualize freedom and salvation.