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Debt-Free Money

December 20, 2011

Got your attention? Not sure that debt-free money is the answer, and not sure how Kucinich and Ron Paul feel about this method for taking control of the currency once they wrest it from the Fed, but we should ask.

in  Wall St likes Your Amnesia, Ellen Brown writes,  “To fix the system, the profits need to be returned to the 99%. How that could be done was suggested by radio host and political commentator Thom Hartmann in a recent editorial: Have the central bank owned by the US government and run by the Treasury Department, so all the profits … go directly into the Treasury and you and I pay less in taxes…
For a model on the local level, he pointed to the Bank of North Dakota: The good people of North Dakota … established something very much like this – the Bank of North Dakota – and it’s kept the state in the black, and kept its farmers, manufacturers and students protected from the predations of New York banksters for nearly a century. It’s time for every state to charter their own state bank, just like North Dakota did, and for the Treasury Department to either buy the Fed from the for-profit banks that own it, or simply nationalize it.”

Read more on the debt-dree notes issued by Lincoln and Kennedy.

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One Comment leave one →
  1. John Steinsvold permalink
    January 8, 2012 8:12 pm

    An Alternative to Capitalism (if the people knew about it, they would demand it)

    Several decades ago, Margaret Thatcher claimed: “There is no alternative”. She was referring to capitalism. Today, this negative attitude still persists.

    I would like to offer an alternative to capitalism for the American people to consider. Please click on the following link. It will take you to an essay titled: “Home of the Brave?” which was published by the Athenaeum Library of Philosophy:

    http://evans-experientialism.freewebspace.com/steinsvold.htm

    John Steinsvold

    “Insanity is doing the same thing over and over and expecting a different result.”
    ~ Albert Einstein

    Like

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