@MonicaPerezShow Instead of paying $40K in taxes, I’ll pay $64K. Then Andrew Yang will give $12K in “free” money to me, and $12K in “free money” to a freeloader. Voila, 30% tax increase for me.
So no, your claim that money is neutral does not apply. The first thing every landlord will do is increase rent. The first thing every local government will do is raise taxes. The first thing that every mortgage broker will do is increase mortage payments. etc.
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As far as i know the net result would be an increase in rents, mortgages, home prices, and taxes, making zero difference. So it is correct to say inflation of the money supply will not necessarily occur, but it does NOT mean that an increase in prices that consume 1k won’t occur.
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photos_and_videos/TimelinePhotos_SxeO6JU-xg/54522754_10157065181547264_3121078542738128896_o_10157065181542264.jpg Colin HigginsI thought the yield inverted back in December? Did it just happen again?Mar 22, 2019, 1:17 PMBryan Nova BreySo borrow cheap money and prepare for Civil War?Mar 22, 2019, 1:20 PMVengefül BobmoranSlightly related : With the new constitution, is there a need for gov bonds paying interest?Mar 22, 2019, 1:24 PMYiannis Kontinopoulosif im not mistaken i think it flattenedMar 22, 2019, 1:42 PMJohn EdwardMar 22, 2019, 1:44 PMEric BumpusFuxk…Mar 22, 2019, 2:01 PMMichael ChurchillBut many other indicators are looking better. Chinese junk bond yields coming down. EM bond yields coming down. Gold price up. The Fed already has begun rectifying its error. So hopefully this inversion either a) won’t last or b) won’t lead to recession because all will understand the Fed is working to correct its mistakes.Mar 22, 2019, 3:51 PMBryan Nova BreyFED will never correct the “mistake” of being a private Jewish Banking cartel.Mar 22, 2019, 4:04 PMDennis SpainThere is no way the current fraudulent monetary system can survive: To Hell with Fractional-Reserve ‘Debt’-Based Banking Constitutional Amendment
(It is extremely important that the average citizen understand our present system of debt-based currency issuance, which most people, unfortunately, do NOT understand, although it amounts to nothing more than a simple extortion racket clothed in a lot of financial mumbo jumbo: YOU (hereinafter referred to as the Serf) sign a promissory note of some kind, a mortgage, a business ‘loan’, or you swipe a credit card or acquiesce to some other credit instrument to THEM (hereinafter referred to as the Neofeudal Lords); they then create the money out of nothing (“ex nihilo”), and you pay it back over a lifetime with blood, sweat, labor, creativity, and tears; (here comes the truly diabolical part) then, they EXTINGUISH the principal portion hidden in every single one of your ‘loan’ payments while skimming off the interest portion to keep and play with (hey, they gotta pay for those mansions in the Hamptons somehow); this extinguishment of principal reduces the money supply and thus compels the population as a whole to take out more ‘loans’ from them in order to keep a requisite quantity of currency in circulation for advancing business and trade.
Let me simplify it even further: You are a Serf on a tread mill of eternal bogus debt to Neofeudal Lords.
The more ‘debt’, the greater the quantity of currency in circulation (there is no other way to create it under the present system), the less the purchasing power of the dollar, the higher the consumer price index (most importantly, the higher the costs of production), the more our manufacturing capacity is gutted by outsourcing, the harder you must work to maintain a standard of living.
If we can spend mystifying trillions of dollar on a worthless war on terror—which, surprise-surprise, only creates more terror—we can afford to do something different and beneficial for American citizens! We can afford to allocate our productivity in ways that benefit us all, not just the 0.1% in the financier class.)
The amendment proper:
(1) Rescind the Federal Reserve Act of 1913 and replace existing Federal Reserve notes and check book balances in all U.S. banking and credit-creating institutions on a 1-to-1 basis with U.S. Treasury-issued dollars and U.S. Treasury-denominated bank balances.
(2) Payments on the principal of presently existing financial loan contracts originated by credit creation by institutions in the Federal Reserve system are not to be extinguished from the money supply, as is heretofore the case, but are to be distributed annually to existing individual U.S. citizens holding accounts in these respective Federal Reserve institutions, in amounts proportional to the product of the minimum daily account balance for the preceding year and the number of days the account was active. Interest payments continue to redound to the parties which hold the promissory notes of existing financial contracts.
(3) Henceforward, credit creation by banking and financial institutions in the United States is prohibited. Loans are required to originate from previous savings of U.S. Treasury dollar notes and U.S. Treasury denominated bank balances which are to be held in specific sequestered accounts designated solely for lending by the various financial institutions, with interest charges to be determined by the contracting parties. Deposits in the form of checkable accounts or savings accounts are kept separate and are redeemable on demand.
(4) Fund the U.S. government directly via Treasury-issued currency authorized by the Congress in its yearly federal budget. The borrowing of money from banking institutions to pay for federal government expenditures is prohibited, as is borrowing by the Federal Government via issuance of Treasury Notes, Bills, and Bonds. All Treasury-issued promissory contracts existing at the time of passage of this amendment will continue to be honored.
(5) Abolish the Federal Income Tax on individuals, corporations, and business enterprises and institute a federal sales tax with a varying yearly tax rate adjusted by the U.S. Congress in session, the sole aim of such adjustments being to maintain a stable or decreasing Consumer Price Index based on data collected by the Federal Government. Any such sales taxes taken in by the Federal Government are extinguished from the currency supply to keep the Consumer Price Index stable or decreasing and are not utilized for further funding. The Sixteenth Amendment to the U.S. Constitution is hereby voided.
(6) The adoption of this amendment does not prohibit the use by the citizens of the United States of any alternative currencies they should choose to use in their private or commercial transactions.Mar 22, 2019, 4:09 PMNick HeywoodLast year… Interest rate rises were signalled for this year. Possibly 2 or 3.
Their last statement… None for this year. And possibly only 1 next year.Mar 22, 2019, 4:12 PMJean LeonardGermany bringing down the world economy it seems.Mar 22, 2019, 5:56 PMNikolai PetroffArticle about P in Republic Standard
https://republicstandard.com/state-of-clay/Mar 22, 2019, 6:59 PMJohn MarkNikolai Petroff pretty fair treatment (for the audience – article is only about likelihood of civil war, not Propertarianism itself)Mar 22, 2019, 7:13 PMCarl TasiosNikolai Petroff “..white wellbeing community (that is white people free of auto-genocidal tendencies).”
>Stealing!Mar 22, 2019, 7:25 PMEric GroseJohn Edward a beautiful womanMar 22, 2019, 7:55 PMBenjamin IrelandJohn Mark I’m really annoyed at all the conflating of P with a grassroots right uprising. Almost as if some don’t want people to know what P actually is…Mar 22, 2019, 8:05 PMEamon O’NeillCould this be the first imported recession the US has?Mar 23, 2019, 4:09 AMJohn MarkBenjamin Ireland agreedMar 24, 2019, 3:11 PM
You are insane. $1k/m/p>18 = 100% of the existing federal budget. We would have to double taxation. medicare for all would take us from 20%gdp to 30%. It would inflate away in 18 months, and the increase in taxation would destroy our economy sending what remains overseas.
@mplspat @BeadsGras @HoosierProg @NightlyPolitics If you don’t understand why this would easily pass Congress then you don’t understand life at all. If you can blow it off by saying “seen it” you haven’t seen it.. why would he pass one policy off to sanders when he doesn’t believe in sanders other policies? This isn’t socialism!
—“This is why people advocate for regulations that inflate the cost of housing in certain areas. It’s the only way they can disassociate from certain people. Price them out if the neighborhood. Talks of 3D printed houses and robot built houses in the desert to make more affordable housing miss the point of overpriced housing. There is plenty of affordable housing now.”—John Delano
There is no possible better solution. If we had done this when I first recommended it in 2009, all those TRILLIONS would be in the hands of americans not BANKERS. yang is making the problem WORSE. It will ALL go to financial, landlord, credit cards. all of it will inflate away.
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This would gut the government,gut the financial sector; gut immigration, redistribute TRILLIONS a year, and mean the average homeowner would require one working parent, pay off mortgages in 15 years, crash the price of houses and rents.
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