It occurs to me I could call my proposal (read text, then click on picture) a monetary reset. What I do call it is a Blueprint for a Capitalist Revolution. It has more zing, but it does amount to a do-over, a monetary Mulligan.
More than that, though, obviously, it is rectification of wrongs, and a taking of power from an unelected, covert elite, and a redistribution of that power–as found in wealth–to a much larger number of people, a democratization of wealth, if you like, two chickens in every pot, and all workers able to afford the cars they make. The sort of thing Leftists have always claimed they supported, but which they are uniformly much too stupid to actually enact, or even intelligently plan for. The extent of their planning is taking Danny’s favorite bunny rabbit and giving it to Johnny and calling it just, all using intermediaries like secret police so they never get their own, personal, hands dirty. When the bunny rabbits run out, they blame everybody but themselves, even though their own policies more or less directly inhibit in the best cases and indirectly prevent in most cases the manufacture of more bunny rabbits.
With regard to my proposal, I am not hung up on any specific details, and as I’ve said before, would write that piece a bit differently today. I don’t care about the gold aspect. Gold is psychology. That is what people have to understand. If everyone has faith in the system, then no backing is needed. As they point out, faith is what sustains our current fiat currencies, which can be created in unlimited quantities at the click of a computer, if the computer resides in the right place in the “supply” network. It’s unbelievable, if you really grasp this. How could thousands of economists be so fucking stupid? It’s the forest and the trees. They come into the party after the monetary system is in place. Their JOB, as most of them see it, is to manage the problems CREATED by the system. Without that system, they would have no jobs. So like people “researching” global warming, they NEED the system, because otherwise they would have nothing to do; or at least much less. They would be what would amount to philosophers of business.
I am tempted to call my proposal brilliant. It isn’t, though. There are economists out there with much higher IQ’s than me. The needed quality is not genius. What is needed is audacity and courage. All I did–literally all I did–was sketch out accurately the logical foundations of the system, then reason my way to obvious conclusions. That is it.
But that is seemingly more than several generations of economists and political leaders have been able to do, or at least willing to speak about publicly. No doubt the beneficiaries of the system are VERY cognizant of how the system works, and how it could easily be taken from them. They see it every day.
But for most people, these things are mysteries which they don’t even realize exist. Ford was right some 100 years ago that a revolution would happen immediately if most people understood the structure of our financial system.
I continue to hope that good people read my proposal, understand the broad stroke intent–a massive redistribution of wealth and power without violence, in effect returning that wealth and power to their rightful owners–and that some of them exist in places where they can do something about it.
We need to end both central banks and fractional reserve banking. The latter was proposed, in large measure, as the Chicago Plan back in the Great Depression. In that plan, though, as I understand it, the power to create money was still allowed to reside with the government.
No one should have the power to create money. This is inherently abusive. A fixed amount of money needs to be created, once, then that power permanently eliminated. If we are in the end reduced to gold and silver coins–or certificates which are maintained diligently on a one to one ratio with the physical specie (a one ounce note corresponding to an actual one ounce somewhere)–then I am OK with that.
I see visions. I see how we can peacefully and thoroughly remake this world into one which is peaceful, harmonious, happy, thoughtful, and prosperous.
I also see psychopaths and idiots. Everywhere.
All I can do is what I can do. I write here. I work on myself, and eventually some of my plans I can take into operation locally, and then see where it goes from there.
My biggest dreams, such as my financial plan, are beyond my ability to do anything about. I could write a book, but my experience is that people do not listen. My ideas are much too strange for them. The groundwork has to be laid, and I don’t know how to do that.