US National Debt tripled from 2001: learn, demand monetary reform

I wrote of Claremont Colleges’ conference on credit and monetary reform, emphasized in importance from CNSNews noting escalation of US national debt to nearly triple its total from 2001 ($5.7 to $15.7 trillion).

Monetary and credit reform can be understood with three simple areas of facts taught in basic economics:

  1. The US does not have a money supply; we have its Orwellian opposite as a debt supply. This is because the US leading banks won legal right through passage of the 1913 Federal Reserve Act to have private banks and the Fed create debt for what we use as money, and then charge the 99% for its use.
  2. The policy choice of a debt supply compounded with interest causes ever-increasing aggregate debt that can never be repaid. It can’t be repaid because this is what we use for money. The US national debt now pushing $16 trillion has a gross annual interest payment over $400 billion a year; ~$4,000 per US family of $50,000 annual income (if your household earns $100,000, then your gross annual interest payment is ~$8,000 every year).
  3. Monetary reform creates debt-free money that extinguishes the debt (details here), and allows government to become employer of last resort for infrastructure investment (hard and soft). This creates full-employment, optimal infrastructure, and falling prices because infrastructure historically creates more value to the economy than cost. Credit reform allows for public loans (interest directly pays for public goods/services) as another monetary tool for stable money supply (credit reform details here).

Obviously, monetary and credit reform benefits 100% of humanity because it guarantees full employment, optimal infrastructure, and no government debt/interest cost. The current parasitic system benefits a 1% banking oligarchy that causes cyclical unemployment and poverty, decays infrastructure (especially as debt and interest costs accelerate as they do today), and enslaves the 99% to permanent and escalating debt.

Obviously, Occupy and the 99% must command the above three facts or continue their debt-damnation from a criminally fraudulent 1% claiming debt rather than money is somehow intelligent, practical, and “good” for the 99%.

If you’d like further education, here’s further written and spoken briefs:

Debt-damned economics: learn monetary reform or kiss your assets goodbye

Podcast: understanding US economic crime, obvious solutions to unleash trillions

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