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Times awastin'! While you are sitting on your fat ass, the country is going to Hell. We need to act now. We need to get money to consumers fast. Start with the unemployed and then those too poor to afford the subprime mortgages they bought and give them money to cover their premiums so that they can own and live in their houses.Give money to collges and universities to cover tuition. Then give everyone a thousand dollars a month for sppending. This will take us out of the doldrums and put us back in business with full employment and a prosperous economy. The money is there. Trust me. Just write it off. In the meantime stop the Federa Resrve bank from issuing invstment money to banks and corporations. Ask Walter Williams, the columnist for the Intelligncer newspaper. He will tell you it is wrong and causes inflation. Check his commentary wednesday September 9th. What President Obama and Congress are doing will not stimulate the economy but cause inflation and make matters worse.
As I have discovered and told you before: There are two economic systems each with their own money. There is too much mercantile investment money and not enough industrial consumer money, which is the fuel that runs the economy. There is a shortage of that fuel. We need more consumer dollars to give to the people to spend. There is plenty of money there to spend but you do not see it. Let me open your eyes and illuminate it. The industrial systeem is different from what you know and you will think it very strange. It is not like mercantile capitlism at all. In the industrial system the paycheck you get for working is a loan and has to be paid back by spending it all on Friday at the retail store. The money you get as wage or salary goes out and comes back and when it does your boss cancells the debt. Money in the industrial system does not circulate, it has a two step cycle.
When people save and put part of their paycheck in the bank in their savings account which is later invested and the cycle is never completed and creates a credit the government can spend to stimulate the economy and when they pay income taxes the amount of money available for spending in consumption is reduced and this is the amount that can be spent and just written off. It is equal to the total wages paid out minus what is available for consumer spending. That is howmuch the government can in fact must spend. . Over the years it amounts to hundreds of trillions of dollars. This money is available to fuel the economy. However, non should be given to pay for anything like entitlements or budgets or pork. The fuel will pump up the economy and the economy will provide the money through normal channels. They will get their money through their ususual sources. And there will be plenty because the economy wll be prosperous once again.
Now, if you don't spend this money, it is like getting a loan from the bank and not paying it back. You are now in big trouble. In the mean time inflation has to be kept under control, maybe a temporary price freeze or a threat of a public audit if they should raise their prices. The consumer dollars fuel money should be fed to the people slowly with an eye on how fast the econmy is pmped up. At some point everyone could receive a thousand dollas a month to spend and when full economy becomes sufficient ease off to the current displacenent in available consumption..
So, while you guys are taking your time, time is awastin'! You are like Nero fiddling away while Rome was burning. . Don't be like Nero, hurry up and get some money out to the people. Right away! First make unemployment benefits payaments unlmited and possibly doubled. Then give money to those who bought sub-prime mortgages they could not afford to cover their premiums so that they can own and live in their houses. Then give money to colleges and universities to cover all tuition costs. Now you are ready to give everyone a thousand dollars a month to spend in consumption. This should stimulate the economy. OKAY ? and don't be like Nero and fiddle while rome burns.
Charles H. Seitz
628 topsfield road
Hatboro, Pa 19040-4513
(215) 675-5524
chseitz@voicenet.com
www.voienet.com/~chseitz
Comment: #1
Posted by: Charles H. Seitz
Mon Sep 14, 2009 9:11 AM
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coy
Times awastin'! While you are sitting on your fat ass, the country is going to Hell. We need to act now. We need to get money to consumers fast. Start with the unemployed and then those too poor to afford the subprime mortgages they bought and give them money to cover their premiums so that they can own and live in their houses.Give money to collges and universities to cover tuition. Then give everyone a thousand dollars a month for sppending. This will take us out of the doldrums and put us back in business with full employment and a prosperous economy. The money is there. Trust me. Just write it off. In the meantime stop the Federa Resrve bank from issuing invstment money to banks and corporations. Ask Walter Williams, the columnist for the Intelligncer newspaper. He will tell you it is wrong and causes inflation. Check his commentary wednesday September 9th. What President Obama and Congress are doing will not stimulate the economy but cause inflation and make matters worse.
As I have discovered and told you before: There are two economic systems each with their own money. There is too much mercantile investment money and not enough industrial consumer money, which is the fuel that runs the economy. There is a shortage of that fuel. We need more consumer dollars to give to the people to spend. There is plenty of money there to spend but you do not see it. Let me open your eyes and illuminate it. The industrial systeem is different from what you know and you will think it very strange. It is not like mercantile capitlism at all. In the industrial system the paycheck you get for working is a loan and has to be paid back by spending it all on Friday at the retail store. The money you get as wage or salary goes out and comes back and when it does your boss cancells the debt. Money in the industrial system does not circulate, it has a two step cycle.
When people save and put part of their paycheck in the bank in their savings account which is later invested and the cycle is never completed and creates a credit the government can spend to stimulate the economy and when they pay income taxes the amount of money available for spending in consumption is reduced and this is the amount that can be spent and just written off. It is equal to the total wages paid out minus what is available for consumer spending. That is howmuch the government can in fact must spend. . Over the years it amounts to hundreds of trillions of dollars. This money is available to fuel the economy. However, non should be given to pay for anything like entitlements or budgets or pork. The fuel will pump up the economy and the economy will provide the money through normal channels. They will get their money through their ususual sources. And there will be plenty because the economy wll be prosperous once again.
Now, if you don't spend this money, it is like getting a loan from the bank and not paying it back. You are now in big trouble. In the mean time inflation has to be kept under control, maybe a temporary price freeze or a threat of a public audit if they should raise their prices. The consumer dollars fuel money should be fed to the people slowly with an eye on how fast the econmy is pmped up. At some point everyone could receive a thousand dollas a month to spend and when full economy becomes sufficient ease off to the current displacenent in available consumption..
So, while you guys are taking your time, time is awastin'! You are like Nero fiddling away while Rome was burning. . Don't be like Nero, hurry up and get some money out to the people. Right away! First make unemployment benefits payaments unlmited and possibly doubled. Then give money to those who bought sub-prime mortgages they could not afford to cover their premiums so that they can own and live in their houses. Then give money to colleges and universities to cover all tuition costs. Now you are ready to give everyone a thousand dollars a month to spend in consumption. This should stimulate the economy. OKAY ? and don't be like Nero and fiddle while rome burns.
Charles H. Seitz
628 topsfield road
Hatboro, Pa 19040-4513
(215) 675-5524
chseitz@voicenet.com
www.voienet.com/~chseitz
Comment: #2
Posted by: Charles H. Seitz
Mon Sep 14, 2009 9:13 AM
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