| The pyramiding of Federal Reserve Deposits isn't | | | | reducing their payrolls and consumption while |
| working. The one thing that is under the exclusive | | | | municipalities and state governments are too |
| control of Federal Reserve Chairman Ben Bernanke is | | | | cowardly to make the same sacrifices as their |
| doing very little to motivate banks to lend to one | | | | constituents. |
| another at the rate required. Basically, there's an | | | | If the global money supply is to be legitimately |
| ocean of electronic money out there that is not | | | | expanded without further debasement, then the only |
| trickling down through the banking sector and as a | | | | solution should be immediate and severe slashing of |
| result, not being spent by businesses and consumers. | | | | government spending. Let people spend their own |
| The money supply has been split between two | | | | money. Eliminate corporate subsidies. Eliminate all arts |
| entities; one is paper cash (Federal Reserve Notes) - | | | | funding and eliminate every barrier to international |
| collateralized by Treasuries bills, Federal Agency | | | | trade and investment to compensate for companies |
| securities and gold -which is being hoarded by people, | | | | who will be hurt by the corporate subsidy |
| banks, and governments alike. The second is | | | | moratorium. Do it! |
| electronic cash (Federal Reserve Deposits) pyramided | | | | If this monetary deflation continues, it will lead to a |
| by the FR's fractional reserves structure- which is | | | | devaluation and eventual demonetization of the |
| essentially collateralized by the bank borrowers' notes | | | | electronic money backed by the FR. |
| and activated by a click of Bernanke's mouse. | | | | The money supply is indeed abundant but hoarded |
| Many are blaming the pervading problem on banks' | | | | by governments and bloated corporate and social |
| hoarding this electronic money (credit) - yet statistics | | | | entitlement programs. |
| show that there are significant decreases in demand | | | | As this plan is implemented, the flood gates for |
| for this credit. The problem is trust in the markets | | | | foreign investment must be opened and allowed to |
| and consumers focused on debt reduction, not | | | | circulate without conditions. |
| expansion. Also, the intermittent rocket rallies we've | | | | We don't need to financial engineer our way through |
| witnessed in the financial markets are the work of | | | | this crisis, we need to slash spending and allow the |
| speculators, not true investors. They seem to be the | | | | market to spend its own cash, whether its |
| only ones spending this credit while businesses and | | | | corporations, small businesses or laborers. |
| consumers are saying no thank you. They are | | | | |