Labor Day 2016: OBVIOUS benefits of monetary reform & public banking include full employment to optimize infrastructure, which also causes lower overall prices as infrastructure improves total economic productivity

Note: You may wish to print an article like this: a “Black Swan event” is coming that will shock perhaps 2/3 of the population, but not we who have taken care to learn our most important factual histories. If the event is an economic crash, our .01% “leaders” might do their best to remove documentation of economic reforms, like this, from public access in order to herd We the People into a reset parasitic debt system owed to them.

1-minute glimpse (full documentaries here and here, among many) into available technology we have today (and here) for architecture, transportation, and beauty that are cheaper and far more efficient than today’s designs, that should be fully tested in at least one pilot project with connected facts fully communicated to Americans (and never will be as long as corporate media is a tool of existing rogue-state wanna-be dictators):

I wrote about Labor Day in 2014 being an Orwellian “holiday” because:

US “leaders” psychopathically pretend to care about American labor while lying about a real unemployment rate of close to 25% (the so-called “official” rate excludes under-employed and discouraged workers).

If we compare “apples to apples” with the term unemployment (and here) counted the same way as during the Great Depression, the last eight years’ of US unemployment being between 20% and 25% is worse than the worst of the Great Depression by an average of ~4%.

Please read the above sentence again to fully feel the tragic-comic reality of US labor today.

Unemployment is a cruel and parasitic practice to keep people as work animals by having the employed serve a .01% rogue state empire in relative satisfaction that “at least I have a job,” rather than the alternative of poverty-murder that kills ~1,000,000 human beings every month in gruesome, excruciating slow-motion in ongoing Crimes Against Humanity.

All willing could have living-wage employment if we fully invested in the best infrastructure available (consider this as the best showcase-modeling I find). People are welcome to work in the free market as they do now, and that said, government can become the employer of last resort for hard and soft infrastructure investment. This provides triple benefits for employment, the best infrastructure we can imagine, and falling overall prices to the extent infrastructure investment contributes more economic output relative to costs of inputs. History demonstrates infrastructure investment does reduce overall prices in the current debt-funded model that typically adds ~50% of the projects’ nominal cost to its total cost. Monetary reform with infrastructure means the cost of debt-funding disappears, making this employment even more attractive.

Additional anticipated benefits are reductions of crime and other social costs related to human despair as people see and participate in creating a brighter future for all.

Data, discussion:

The top three benefits each of monetary reform and public banking total ~$1,000,000 for the average American household, and would be received nearly instantly. Fed Chair Janet Yellen publicly acknowledges monetary reform as described below, but continues a history of criminal fraud in her lawful fiduciary responsibility to truthfully provide what you’re about to read. The data below include evidence of a .01% oligarchy criminally looting tens of trillions of our dollars.

Monetary reform is the creation of debt-free money by government for the direct payment of public goods and services. Creating money as a positive number is an obvious move from our existing Robber Baron-era system of only creating debt owed to privately-owned banks (a negative number) as what we use for money. Our Orwellian “non-monetary supply” of adding negative numbers forever causes today’s tragic-comic increasing and unpayable total debt. You learned these mechanics of positive and negative numbers in middle school, and already have the education and life experience to conclude with Emperor’s New Clothes absolute certainty that accelerating total debt is the opposite of having money. As a National Board Certified and Advanced Placement Macroeconomics teacher, I affirm this is also exactly what is taught to all economics students.

The public benefits of reversing this creature of Robber Barons are game-changing and near-instant. We the People must demand these, as .01% oligarchs have no safe way to do so without admission of literal criminal fraud by claiming that debt is its opposite of money.

The top 3 game-changing benefits of monetary reform:

  1. We pay the national debt in proportion to removing private banks’ ability to create what we use for money as debt in order to prevent inflation. We retire national debt forever.
  2. We fully fund infrastructure that returns more economic output than investment cost for triple upgrades: the best infrastructure we can imagine, up to full-employment, and lower overall costs.
  3. We stop the ongoing Robber Barons who McKinsey’s Chief Economist documents having ~$30 TRILLION in tax havens, and the Fed finding the US top seven banks creating shell companies to hide $10 trillion. This amount is about 30 times needed to end all global poverty, which has killed more people since 1995 than all wars and violence in all human history.

Public banking creates at-cost and in-house credit to pay for public goods and services without the expense and for-profit interest of selling debt-securities. North Dakota has a public bank for at-cost credit that results in it being the only state with annual increasing surpluses rather than deficits.

Top 3 game-changing benefits of public banking:

  1. a state-owned bank could abundantly fund all state programs and eliminate all taxes with just a 5% mortgage and credit card.
  2. a state-owned bank could create in-house and at-cost credit to fund infrastructure. This cuts nominal costs in half because, as you know, selling debt securities typically doubles the cost. For example, where I live we’re still dismantling the old Bay Bridge in NoCal from the upgrade that cost $6 billion, but the debt-service costs will add another $6 billion when it’s all paid.
  3. CAFRs (Comprehensive Annual Financial Reports) stash “rainy day” funds no longer required with a credit line from a public bank. In addition, the so-called “retirement funds” currently deliver net returns of just a few percent on good years, and negative returns on bad years (herehere). California’s ~14,000 various government entities’ CAFRs have a sampled-data total estimate of $8 trillion in surplus taxpayer assets ($650,000 non-disclosed assets per household, among California’s ~12.5 million households).

$1,000,000 of benefits per US household:

  • California’s CAFR data of ~$650,000 of assets per household is evidence of huge cash assets of similar magnitude in every state.
  • Paying the US national debt of ~$18 trillion saves ~$180,000 per household.
  • Ending state taxes in California to pay a budget of ~$170 billion saves each household ~$15,000, with similar savings in every state.
  • ~$30,000 per household savings annually: the American public would no longer pay over $400 billion every year for national debt interest payments (because almost 30% of the debt is intra-governmental transfers, this is a savings of ~$300 billion/year). If lending is run at a non-profit rate or at nominal interest returned to the American public (for infrastructure, schools, fire and police protection, etc.) rather than profiting the banks, the savings to the US public is conservatively $2 trillion (1). If the US Federal government increased the money supply by 3% a year to keep up with population increase and economic growth, we could spend an additional $500 billion yearly into public programs, or refund it as a public dividend (2). This savings would allow us to simplify or eliminate the income tax (3). The estimated savings of eliminating the income tax with all its complexity, loopholes, and evasion is $250 billion/year (4). The total benefits for monetary reform are conservatively over three trillion dollars every year to the American public. Three trillion is $3,000,000,000,000. This saves the ~100 million US households an average of $30,000 every year. Another way to calculate the savings is to figure those amounts per $50,000 annual household income (for example, if your household earns $100,000/year, you save ~$60,000 every year with these reforms). This savings represents a 60% raise for every US household’s income.
  • Related, if the ~$30 trillion hidden in tax havens by the .01% have $10-$15 trillion from Americans, and we count the Federal Reserve report that the US top seven banks have over $10 trillion stored, then the average US household could clawback ~$200,000 to ~$250,000.

Famous Americans already on record for these reforms:

Please understand that I represent likely hundreds of thousands of professionals making factual claims with objective evidence anyone with a high school-level of education can verify.

The Emperor’s New Clothes obvious pathway out of these mechanics of our “debt system” is to start creating debt-free money (a positive number) for the direct payment of public goods and services, and create public credit for at-cost loans (a negative number). I have three academic papers to walk any reader through these facts; an assignment for high school economics students, one for Advanced Placement Macroeconomics students, and a paper for the Claremont Colleges’ recent academic conference:

Teaching critical thinking to high school students: Economics research/presentation

Debt-damned economics: either learn monetary reform, or kiss your assets goodbye

Seizing an alternative: Bankster looting: fundamental fraud that “debt” is “money”

Let’s examine just some of the facts of the current US economy that demonstrates its criminal status:

For Americans still zombiefied to “believe” in America, please embrace the reality that 40% of US children live at least one year of their lives in under-measured poverty, while oligarchs most responsible literally laugh in grandiose glee of the poverty they euphemise as “income inequality.” Please absorb this 1-minute reality check:

John Perkins’ 2-minutes of context as an illustration of what the US rogue state executes:

More game-changing economic data that confirm what we receive for economic leadership is literal criminal fraud:

15-minute video of obvious solutions: Mark Anielski and Ellen Brown’s powerful 15-minute response to an interview at the Seizing an Alternative conference (and here, with videos here) with former World Bank economist Herman Daly and co-author John B. Cobb of For the Common Good (video should start at 1:04:43):

81-minute interview with Byron Dale and Greg Soderberg of (the three of us have combined over 90 years of research on this topic):


1) Of $60 trillion total debt, a conservative current interest cost of 5% is $3 trillion every year. Two trillion dollars of savings if the profits are transferred to the American public rather than to the banking industry is probably low. St. Louis Federal Reserve Bank:

2) The US GDP is ~$17 trillion. Three percent growth is moderately conservative.

3) Of the US Federal government’s ~$4 trillion annual budget, about $1.7 trillion is received from income tax.

4) Tax Foundation. Hodge, S, Moody, J, Warcholik, W. The Rising Cost of Complying with the Federal Income Tax. Jan. 10, 2006:


Note: I make all factual assertions as a National Board Certified Teacher of US Government, Economics, and History, with all economics factual claims receiving zero refutation since I began writing in 2008 among Advanced Placement Macroeconomics teachers on our discussion board, public audiences of these articles, and international conferences. I invite readers to empower their civic voices with the strongest comprehensive facts most important to building a brighter future. I challenge professionals, academics, and citizens to add their voices for the benefit of all Earth’s inhabitants.


Carl Herman is a National Board Certified Teacher of US Government, Economics, and History; also credentialed in Mathematics. He worked with both US political parties over 18 years and two UN Summits with the citizen’s lobby, RESULTS, for US domestic and foreign policy to end poverty. He can be reached at

Note: has blocked public access to my articles on their site (and from other whistleblowers), so some links in my previous work are blocked. If you’d like to search for those articles other sites may have republished, use words from the article title within the blocked link. Or, go to, paste the expired link into the box, click “Browse history,” then click onto the screenshots of that page for each time it was screen-shot and uploaded to webarchive. I’ll update as “hobby time” allows; including my earliest work from 2009 to 2011 (blocked author pages: herehere).



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  • Tyler

    Carl, you incorrectly believe federal taxes fund federal spending. Please visit

    • Carl_Herman

      Thank you for the opportunity for clarification, Tyler. As I document in the essay, “We the People” are parasitized by the amount of ~$1,000,000 per US family, among perhaps 20 areas of fact documented in the essay to demonstrate our taxes fund an illegal rogue empire rather than support public goods and services.

      I appreciate the website you shared for public consideration 🙂

  • SanityClaus

    Fake money military scrip produced by a mafia called the pentagon. The pentagon mafia pledged itself to serve the BritishCrown/N.A.T.O. permanently. They are traitors to the American Revolution of 1776,
    WHO WILL PRINT THE MONEY? There is no point in talking about state owned banks when the military traitors will still be printing the fake money.

    • Dorothybsmith

      Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj96d:
      On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
      ➽➽;➽➽ http://GoogleFinancialJobsCash96DigitalDirectGetPay$97Hour ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★::::::!mj96d:….,……

  • Putin clearly understands monetary polices of America. Sep 3, 2016 The West lives in debt – Putin

    They say that if you want to understand the values of a particular society – take a look at it’s architecture and buildings. Which ones stand out as the most glamorous in today’s world? Why of course -the international banks and financial institutions. All countries live in debt, albeit to much larger proportions in the West – but to whom? A handful of fat cat CEOs. In this quick outtake, Putin talks about the state of the international economy. The key point to take away is that the US prints fiat money, backed by nothing more than thin air, while the national debt level only gets larger (19 trillion!)

  • NobodysaysBOO

    The garbage in the employee of the CITIZENS of the USA , PUS,VPUS, all the congress and ALL the alphabet soup money pits , have conned and cheated the citizens way to far and we will shut then all down and re-populate them with HONEST WORKERS when the new civil war is won.

    CAN we just get it OVER, NOW so our kids do NOT have to do civil wars over and over!

  • I do note that I believe the public is not being “taken advantage of”. What I believe is more on
    the line of: Wolves vs. Rabbits.

    Wolves do not take advantage of rabbits, they hunt, chase, catch, and eat rabbits. Due to the massive monies, wealth, and control involved, the two-legged wolves (most in sheep’s clothing) clawed their way into every back office within government to be in a position to heard and stockpile all of the rabbits to feast on at their whim.

    The stewardship that created this great country from the 1700’s and 1800’s transitioned in the 1900’s due to the “greed and opportunity” principle, into a country come the year 2000 where the population now is strictly food for an ever-bloated and ruthless gang (mostly attorneys) as appointed and elected officials running the show behind closed doors within the halls of government.

    A government now designed covertly as a “for profit” dictatorial quasi Fascist regime of no equal, bent on the effort to take it all. Every aspect of wealth, productivity value, and ownership of the world market place has now been systematically taken over in all respects by collective local and federal government.

    The population for the last 70-years has been masterfully entertained into distraction by the syndicate gangs, allowing for the ease in taking it all over, in all respects by the government players.

    Local Government’s real accounting document is the CAFR. (similar personally to your statement of net worth) To view and download many example CAFRs, go to –

    Pick out the CAFRs from the listing shown that apply to your State and local venues. Download them and put on one DVD and share with the activists and business owners that you know in your locale.

    To view my BIO go to –

    To view the CAFR work of a 30-year Federal Auditor, Gerald Klatt (deceased as of July 11, 2004) go to –

    Read, look, and learn about: “The Biggest Game in Town” (a CAFR1 YouTube video released in 2000), how government little by little bit over the years took it all over from us all.

    ON A SPECIAL NOTE: Government “promotes” debt at the front door and covertly through the back door funds that debt with “their own investment” funds. Back in the 80’s forward, they had so much ever increasing cash coming in they needed a “Parking Zone” for it. That is where the “self funding” of their own debt came into play. If you were able to connect the dots, you would find out that probably in excess of 65% of that promoted, collectively in the trillions of dollar debt, held by local and federal governments was in reality “self-funded”.

    We have all heard of ENRON. Well, ENRON promoted their profit and hid their debt. Government does the exact opposite, they promote their debt and hide their profit.

    TREASON: “Treason doth never prosper; what’s the reason? For if it prosper, none dare call it treason.” Sir John Harrington, 1561-1612

    Walter Burien –
    P. O. Box 2112
    Saint Johns, AZ 85936