3 reforms for US economic breakthrough: money, credit, CAFR

Concise explanation with documentation:

  1. Monetary reform: the US doesn’t have a money supply, but its Orwellian opposite of a “debt supply.” Banks and the Fed create what we use for money as debts, then charge the 99% interest for its use. Monetary reform has government transparency (I know, I know, that’s unimaginable without total Occupy victory) to create debt-free money for direct payment of public goods and services. This has game-changing triple benefits of full-employment as government becomes the employer of last resort, optimal infrastructure, and falling prices because infrastructure contribute more to productivity than cost. Documentation here, here, here.
  2. Credit reform: Public credit is at-cost, as opposed to what we have today with predatory cartel 1% for-profit credit. For example, public credit could pay all state and local taxes with a 2% mortgage and 2% credit card. It could also release literal trillions locked in government “rainy day” funds with lines of at-cost credit.
  3. CAFR audit, reform: So-called “pension” and “rainy day” accounts are tragic-comic in non-disclosure and non-performance for budget, infrastructure, and pension funding. For example, Californians have $8 trillion in surplus assets withheld by government in this current structure that 1% “leaders” claim requires our austerity (yes, that’s about $650,000 per household).

As good as these breakthroughs are, resource-based economics is our predictable future just beyond these three reforms.

Americans and humanity are just “emperor has no clothes” obvious declarations away from freedom.

Unleash your beautiful, powerful, and unique self-expressions to discover this future and freedom.

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  • mmckinl

    Exactly correct … The primary reason for our problems is corporate welfare. Welfare for Weapons makers and the security complex. Welfare for banksters. Welfare for health insurance companies. In just these 3 areas alone we spend over 25% of GDP in direct subsidies and monopoly largess.

    Reforming these 3 areas would save over 12% of GDP in expenses eliminating the deficit altogether. Healthcare is overfunded by 8%. The MIC-Security Complex overfunded by 4%. And the banksters are making off with more than 5% of monopoly GDP gain.

    This piece pulls the covers off the the real ripoffs by the plutocrats. We are overpaying for our 3 largest expenses by over 1.5 trillion dollars a year, enough to balance the books right now. It is past time for people to realize that we and our government are being embezzled and looted while we are being told that we need cuts upon cuts upon cuts to our social programs …

  • RogueDave

    I appreciate your work on CAFR and opening eyes to the truth on budgets and funds/funding.

    Something you might consider to more broadly take an activist leaning and educational stand, is to consider attending this event:

    Dear UC Friend,

    I’m inviting you to participate in a special state budget teleconference for UC advocates at 2 p.m. on Thursday, June 28. You can join the conversation either by phone or online.

    I’ll give you an update on how UC fared in the state budget process this year, a preview of issues at the July Regents meeting, and my take on how the November election will affect higher education. Following this, you will have an opportunity to ask questions through live chat. You can also email questions to advocacy@ucop.edu prior to the webinar.

    Space is limited, so please RSVP today.

    What: UC June budget briefing for advocates
    When: Thursday June 28, 2012 at 2 p.m.
    RSVP: https://ucop-sgr.webex.com/ucop-sgr/onstage/g.php?d=663187082&t=a

    I hope you can join me, and I look forward to talking with you.

    If you are not already a member of the UC for California Advocacy Network, visit ucforcalifornia.org to join.

    If you are a member, invite your family and friends to join you in supporting UC and public higher education in California.


    Patrick Lenz
    Vice President of Budget and Capital Resources
    University of California