"The Secret of Oz"
updated below! -
The economy of the U.S. is in a deflationary spiral. Nothing can stop it -- except monetary reform. 1. No more national debt. Nations should not be allowed to borrow. If they want to spend, they have to take the political heat right away by taxing.
2. No more fractional reserve lending. Banks can only lend money they actually have.
3. Gold money is NOT the answer. Historically gold ALWAYS works against a thriving middle class and ALWAYS works to create a plutocracy.
4. The total quantity of money + credit in a national system must be fixed, varying only with the population.
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Comment by guest_blog on March 21, 2012 at 2:28pm
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updated
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