It’s not as complicated as they purposely make it. I did my own research. Unlike others who accept the hype and whine. And so I came up with two very simple SOLUTIONS. Count them, two.
ONE – The Federal government should never have any more money in circulation than they have in liquid assets.
TWO – The government shall not be permitted on an annual basis to spend any more than their total annual income from revenues.
God, that is so easy isn’t it? Makes sense too, doesn’t it? And if they spent LESS than they brought in on an annual basis, they could pay down on the debt.
And this is how I came to this enlightening revelation. First, the Federal Reserve is unnecessary if we have a Federal Treasury. The Federal Reserve is simply a fiat economic government created by wealthy banking interests to serve wealthy banking interests, and to give them complete control of our economy so as to protect their own asses. If our government backs every dollar printed with one dollars worth of US government assets (property, resources, etc. Investments can only count for a small percentage, as their value is riskier.) . . . we have now created a currency that is actually WORTH what it portends to be worth. After all, all those resources are ours anyway (the tax payers). And if we use those resources to back a currency for us to trade with each other, then we can feel secure that it’s actually worth what we trade it for. And so I went digging for the numbers.
As expected, our General Accounting Office and the Federal Reserve do not make those numbers easily available. They count all types of imaginary beans, but real beans they have a phobia for. But I did manage to find a number . . . more than $1.6 trillion. So then I went looking for the total number of dollars in circulation. This number is easier to find, $1.15 trillion as of November 14, 2012. So voila! We own more in assets than the money we’ve printed. Turns out we’re not in as bad a shape as we thought, right? And our dollar is backed by a material resource, albiet not gold or silver or some other precious metal, but it makes me feel better anyway.
This makes the second point an easy one. Add all the total projected revenue for the following year and only allow Congress to spend half of that sum and spend the rest paying down debt. Not so complicated, huh? It is for them. Why? Because then they can’t finagle, steal and cheat. That simple.
Don’t know about you, but at my house I’m not allowed to spend more on credit, than I have in assets. The bank makes sure of that. And I try not to spend more on expenses than I receive in income. Is government really that different than you and I? Not really. They only want to make us think they are.