If the minimum wage is kept to a reasonable level, it can be a good idea. A $9 minimum wage would be 54% of the median wage of $16.57 per hour as of May 2011. That was nearly two years ago, so call it 50% of the median wage. This level seems about right to me.
Well, if it seems about right to him I guess it's OK.
Changing all Private Land Deeds from "fee simple" to "Allodial" Titles/Deeds to stop the Madness of never owning your property due to ever increasing Real Estate Taxes.
The Treasury must be the ONLY issuer of money, paper money, not “backed” by anything.
It must publish, publicly - publish - (have I said it enough) how many dollars it issues every time it issues dollars.
This money creation power, if given to private sector entities, gives them control over government - since government then must come to those private sector entities, hat in hand, to ASK for money.
Obviously, the private sector entities who are currently enjoying this privilege currently exert enormous control over government and politics inside the US.
Consequently, they have articles like this printed up ad nauseum to convince people that having their own government’s Treasury create money would be a problem.
What we’ve NEVER been taught in our so-called “history classes” is that the most powerful banking/finance institutions in America CAUSED all the panics we’ve experienced.
How ? By spreading a few rumors then selectively withholding credit. This creates liquidity problems for the institutions which then can’t borrow. The “power people” made sure institutions within their orbit were well-financed during the “panics”, and, in classic style, bought up assets at a large discount.
After the “panics”, they had their “experts” clamor for whatever new laws they want and spread the myth that government caused the panic.
It’s really logic 101: government must be the sole creator of money, and that money should be difficult to counterfeit. The private sector must then earn money instead of just creating it. The government will then NEVER need to borrow, it can simply create money if it needs it. Counterbalancing that - if as I said above the amounts created are published - is the perception on the part of the public that too much money creation will devalue all their assets that are held inside the nation, since they are denominated in the national currency. Too much money printing by the Treasury would result in the wealthy, powerful people of the nation getting very active politically and putting a stop to superfluous money creation (i.e., percentage growth in money supply higher than percentage growth in total private sector assets).
The only people in the private sector who support government borrowing are those who are IN the sovereign debt industry or in industries tightly linked to it.
This is why Wall Street and many people who work for those firms HATE the idea of ending the Fed.
That is why wealthy and powerful people in America today love the private-sector money-creation industry.
That is why wealthy and powerful people in America today love the idea of government deficit spending.
Amazingly - the wealthy and powerful of America today will not use their influence to stop the bankrupting of government and the dependency of the poor on government.
DUH ! The more borrowing the better to them.
The fallback position for the money-creation industry is to require the government to buy gold (a market they have thoroughly controlled for centuries) every time the government creates one of its own dollars. You can see how the citizenry is still, in that case, enslaved to the private sector money-creation industry via the government.
The next step? Monetary reform.
Monetary Reform Priciples
Sound monetary reform requires: 1.) the issuance of all money (legal tender) by the State, exclusively; 2.) in amounts calculated to stabilize the general price level; 3.) without debt obligations to private persons, 4.) with all lending to be performed by private legal persons, exclusively; 5.) while safeguarding the widespread ownership of private property.
Note: The principal point here is to replace private creation of money by debt-based, bank-book-entry create (i.e. by bank loans), based on fractional reserves (i.e. high powered money) which is inherently unstable and unjust, with government creation of money by credit-based Treasury deposits and U.S.Notes (i.e. for government payments or purchases) which are based on full reserves (i.e. not high powered money), by definition for the benefit of all the people and not just for bankers.
As Swedish reformer Boudewijn Wegerfif noted, the steady raising of reserve requirements will inhibit the ability of banks to manipulate the money supply and price level in order to undermine the government’s commitment to stabilize both.
For those who do not know: the Federal Reserve is NOT a government agency but a privately held bank that supplies dollars in exchange for government debt.
In other words turn it over to the very banks that contributed heavily to the recent financial crisis? The "too big to fail" people? No thanks.