3-minute video: 1% applaud, sing, dance to ‘obscene,’ unpayable US debt

Stripped bare, US economics reveals we do not have a “money supply” but its Orwellian opposite: a “debt supply.”

What does that mean?

As you can confirm in any economics textbook, banks and the Fed create what we use for money as debts, then charge the 99% interest for its use. Because the interest and debt summed together is greater than the debt created, more and more debt must continuously be created, aggregate debt can only increase, and aggregate can never be repaid because that is what we use for money. The increase in interest payments eventually becomes a “debt bomb” as the 99% are unwilling and/or unable to carry more debt.

The manipulation of money as debt benefits a 1% credit/debt creator class, a parasite upon the work of the 99%. This 3-minute video artistically captures the parasites’ party to their debt-lust.

One obvious alternative that serves the 99% is creating debt-free money for the direct payment of public goods and services. This aspect of monetary reform is unimaginable without Occupy victory, and is important to work for as an outcome. This shift to create debt-free money has three game-changing benefits: 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.

Credit reform shifts the current bank system from parasitizing maximum profits to a 1% class to maximizing service and profits to the 99%. At-cost 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.

So-called “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). These assets are hidden in plain sight in Comprehensive Annual Financial Reports (CAFRs). For my archive on this topic, use this link: CAFR.

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. Use your self-expression in powerful, beautiful, and unique contribution for 100% of Earth’s inhabitants’ success.

Now is the time; we know that you’re ready to save the lives of millions of people, help billions in dire poverty, and reclaim trillions in economic wealth!

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  • jo6pac

    Hi Carl
    I sent this out to my reps this week and will follow up with calls to thier office next week. I’m sure no one has contacted you. I’ll update this when I talk to the offices of my rep.

    Hello
    I do want to say thank for your voice on Delta and on helping women veterans. I’m sure if people knew that the water in is mostly for the Tulare Basin corp. framers this will get voted down.

    I have a concern about were the Calif. state budget is headed. I know you or your staff probably has seen the stories below and wonder if maybe a mistake has been made in the promotion of austerity in the place of common sense.

    http://www.examiner.com/article/la-times-reports-ca-parks-54-million-cafr-surplus-director-resigns-2-fired
    http://www.mercurynews.com/california-budget/ci_21168552/up-2-3-billion-california-public-funds-hiding

    http://www.sco.ca.gov/Files-ARD/CAFR/cafr11web.pdf This report shows the state to have money it needs for a rainy day. I’m not sure what the Governor is talking about other than hurting the poor and state employees. Austerity hasn’t worked in one country in the world and won’t work in Calif.

    http://www.washingtonsblog.com/2012/07/ca-cafr-parks-dept-found-54-million-2-3-billion-more-now-found-full-600-billion-next.html

    If you or a staff member should have any questions I know Carl would be more than happy to help, so feel free to contact him at the below email address.

    I make this offer/invitation to anyone in California. I can be reached at: Carl_Herman@post.harvard.edu

    Thank you for your time, from a concerned Democrat voter.

    • Carl Herman

      Cool. The more they see engaged and expressive activists, the easier it becomes for them to reclaim their hearts, have a “Scrooge conversion” and join the team for 100% of Earth’s inhabitants’ success 🙂

  • http://www.youtube.com/watch?v=Kwen2OoXLs0

    What the Heck is a Bailout?

    I think the important point was made at 6 minute mark:

    “The national taxpayers must go even deeper into debt,
    at the point of a gun actually.”

    When systems of global electronic frauds,
    backed up with mass destruction weapons,
    break down, we are not going backwards,
    to any kind of yet coherent neofeudalism.

    We are going forwards through collapses
    into chaos, etc., that goes OFF historical
    understandings of what humans ever did.

    That civilization is going to go quite crazy,
    while nature going nuts may well trump it.

    As always, I would repeat my bla, bla, blah,
    that NONE of the offered solutions include
    the most obvious central features, which
    are whatever the new death controls are.

    We ARE going to get VERY different
    death controls than every before, and
    that WILL reflect the crazy collapsing
    of the established debt control system,
    inside of the context of nuttier nature!

    It was the so-called “Rule of Law” that was based upon
    impossible ideals and false fundamental dichotomies
    which is breaking down, and which can never be
    restored by going backwards to any old ideas.

    I AGREE that some good ‘rule of law’ is essential
    to making good any social organization workable.

    However, mostly, the “rule of law” became the
    biggest bullies’ bullshit social stories, and the
    reactionary revolutionaries still believe it too!

    Washingtonsblog is certainly correct that,
    more than anything else, we should bring
    back the rule of law to its working order.

    We could not resolve the problems of
    electronic fraud and atomic bombs
    by going backwards in our ideas!

    .. Ah well, humans are still primarily primates.

    Mostly they are relatively stupid little monkeys.

    While, the slightly less stupid, but more vicious,
    of the monkeys are controlling the more stupid!

    And obviously I am one of them, BECAUSE,
    when I watch a video like this one, I always
    end up looking more at those dancing babes.

    THIS WASHINGTONSBLOG ARTICLE EMPHASIZES
    THE MOST IMPORTANT POINT, WHICH IS ABOUT
    THE CORRUPTION OF GOVERNMENTAL POWERS.

    Powers to rob, backed by murder,
    were effectively privatized, and so,
    actually directed by corporations!!!

    Far, far, far too few people are going to go beyond
    the understanding of the banksters, to do it better.

    Too bad my theories provided no “actionable information.”

    And still so sad that the only barely discussed “solutions”
    come from reactionary revolutionaries, who have never
    have anything better in the way of death control to offer.

    Indeed, they deliberately have NO understanding of that!!!

    Since the money system depended upon the murder system,
    there are no real solutions that do not change both together.

    The “solutions” being planned by the elites depended on
    the vast majority continuing to act like brain dead sheep,
    who were being set up to be slaughtered off in the future.

    Only alternative death controls or different murder systems
    are enough to resolve real human ecology problems, which
    were always behind and within the political economy ones.

    As long as the “99%” continues to have nothing better there,
    then the default will be to the runaway insanities of the “1%.”

  • Mad Hemingway

    Think I’ll rent “Americathon” (1979) this weekend. I wonder why Hollywood hasn’t decided to “re-imagine” that movie. 😉

  • gozounlimited

    The answer to this obscenity….. A Revolution For Loving

    “Life out of balance (love crisis) Capitalism is destroying the true values of the human being.We´re an a dead end road, living in an apocalyptic moment of our history….”
    see video: http://www.youtube.com/watch?v=-gEo9phcoQg
    ***********
    Dr. Martin Luther King Jr. – Radical Revolution of Values …. see video: http://www.youtube.com/watch?v=9-5Yga9cByk
    ***********
    2012 ~ A Shift In Consciousness

    “On December 21, 2012 when the Earth moves fully into the photon belt and the solstice sun is in alignment with the Galactic equator will you be ready for lift off, Into a state of heart centered multi~dimensionality…”

    see video: http://www.youtube.com/watch?v=0bbcUTMGTp8&feature=fvwrel
    ***********
    The Language of the Divine Matrix

    Gregg Braden reveals how to explore and discover the miracles of the Quantum world.

    “It is in this place of pure energy — a “Quantum field” — where everything
    begins, from the birth of stars and the DNA of life, to our deepest relationships
    and healing. Recent discoveries show dramatic evidence that The Divine
    Matrix is the missing link in our understanding. In order to tap from the force
    of this matrix,we must first understand how it works and speak the language
    that it recognizes.”

    see video: http://www.youtube.com/watch?v=-JiYLR0tSp4&feature=related

  • Let’s face it. Exercising for weight loss can be a pain in the butt. Usually it involves lifting weights or contorting your body into uncomfortable positions. Another real turn off is the easier exercises like walking, jogging or elliptical training can be downright dull at times.