Thomas Greco has some excellent thoughts on the subject, some of which I've discussed in my own Stack. We're going to need to Buckminster Fuller this, imo. Much imagining from a new space needed.
Debt is exchanged for equity/shares these are then deposited in your brokerage or financial institution. The FI then gives the debt back to the government or central bank where the debt is then exstiguished. The equity can then be used to purchase assets fund endeavours or buy corporate bonds ( Domestic only). The government is no long able to issue debt.
The government competes against the private sector for money. Imagine the impact on Interest Rates if the government was no longer competing for capital. The reduced demand for available capital should lead toa reduction in IR`s.
My concern would be what would this sudden infusion of equity into the system create? Bubbles? How could this transition take place without malinvestment? Cleaning up the government balance sheet would be a tremendous thing, I just woinder about the unforeseen consequences of this action
Thx David for the history lesson and wise counsel.
Thanks, for your kind words, Paul, and for your constructive ideas. Great suggestion. I planned to get into actual solutions in the next piece (already too much information here). This is an intriguing option (I suspect the equal and opposite effect of shrinking the money supply would counter some bubbles elsewhere), but there will be lots of unforeseen consequences, for sure. Nevertheless, we should be having these discussions now. Speaking of Armstrong, I watched the following last week: https://www.bitchute.com/video/OaA2edsQ8B6M I look forward to expanding on this post. The bankers' ancient 'witchcraft' is as effective as ever (I'm only half kidding when I suggest people are under a spell), so I'm not sure how much attention we can generate in this subject; we must continue regardless though. Best for now, D :-)
Thomas Greco has some excellent thoughts on the subject, some of which I've discussed in my own Stack. We're going to need to Buckminster Fuller this, imo. Much imagining from a new space needed.
https://suzanneokeeffe.substack.com/p/building-a-globalist-free-society
https://thomasgreco.substack.com/p/chapter-twelve-how-to-solve-the-money
Thank you for your comments here, Suzanne.
You're probably right. The links are interesting, I will read in full soon, D
You have so much insight into money, David. I learn so much from your substacks and chats. :)
Debt for equity swap with the caveat no more debt could be created by the central banks.
Martin Armstrong has discussed this idea at www.armstrongeconomics.com
Debt is exchanged for equity/shares these are then deposited in your brokerage or financial institution. The FI then gives the debt back to the government or central bank where the debt is then exstiguished. The equity can then be used to purchase assets fund endeavours or buy corporate bonds ( Domestic only). The government is no long able to issue debt.
The government competes against the private sector for money. Imagine the impact on Interest Rates if the government was no longer competing for capital. The reduced demand for available capital should lead toa reduction in IR`s.
My concern would be what would this sudden infusion of equity into the system create? Bubbles? How could this transition take place without malinvestment? Cleaning up the government balance sheet would be a tremendous thing, I just woinder about the unforeseen consequences of this action
Thx David for the history lesson and wise counsel.
Thanks, for your kind words, Paul, and for your constructive ideas. Great suggestion. I planned to get into actual solutions in the next piece (already too much information here). This is an intriguing option (I suspect the equal and opposite effect of shrinking the money supply would counter some bubbles elsewhere), but there will be lots of unforeseen consequences, for sure. Nevertheless, we should be having these discussions now. Speaking of Armstrong, I watched the following last week: https://www.bitchute.com/video/OaA2edsQ8B6M I look forward to expanding on this post. The bankers' ancient 'witchcraft' is as effective as ever (I'm only half kidding when I suggest people are under a spell), so I'm not sure how much attention we can generate in this subject; we must continue regardless though. Best for now, D :-)