Let the American people benefit

Our country is bankrupt because of our out-of-control spending, financed not by transparent taxes, but by hidden continuous borrowing from the privately owned Federal Reserve banking cartel that charges us unnecessary interest for loaning us our own money.

High unemployment is not occurring because there is a shortage of jobs; but only a shortage of money to keep track of a person adding value to a product or service. Our country is blessed with abundant resources and intelligent, hardworking people who want to work and who are willing to work. There is just not enough money in circulation to make commerce operate efficiently. However, this money could be readily available, interest free and inflation free, from the U.S. Treasury, which can increase the money supply and not be inflationary as long as it did not exceed the GDP.

It has been estimated that there is $3.4 trillion in circulation and that our Gross Domestic Product is $14.2 trillion. In other words there is a “gap” of $10.72 trillion in purchasing power that must be filled by the American people by increased borrowing to be able to consume our GDP. This situation is highly profitable for the banks but disastrous for the American public.

Why not allow the people to benefit from this situation instead of the private banks? The solution to this inequity is a highly guarded secret. It is a monetary concept called, “Credit As a Public Utility.” Instead of giving the Wall Street investment banks, which should be located in Las Vegas, another stimulus, let’s really stimulate our economy by giving the stimulus to every legal adult American. A few years ago the “gap” was estimated to be about $10,000 per person.

Let the American people benefit from the excess GDP instead of the banks.