I mean you have a convicted pedophile and rapist as your profile pic so you’re not the one to judge

Sure I am

I'm telling your that your previous pic was more like your "persona" that you have here

Aka a big retard

I don't think Steve Irwin or that gator really embody you

How am I retarded?

Please tell me why

You can’t because I’m not

My friend, it's okay

Everyone is different

lmao

retard

1. Nationalize Banking
We wish to create an ethical national bank. The old system of the Federal Reserve is a privately independent monopoly that cannot be superseded by any agency in our Government. The Federal Reserve is composed of 12 regional banks that own and fall under the its board that controls the American monetary system. If such banks are becoming “too big to fail,” when they do fail, they bring down our nation’s economy. The current debt-based monetary system is perpetual debt and requires very high taxes to pay for it. Putting an end to the budget deficit would allow us to eliminate all of the financial market bubbles, and allow a direct assault on any national debt. This reforming of the banking laws must determine the amount of credit to be made available, the interest rates to be applied, and the approved categories of lending. A social credit of "debt-free" currency issued directly from the national bank backed by labor(state resources and the production of our people) with direct cash payments made to "replenish" net losses and interest-free credit. Debt will be tackled at par by calling in old bonds by redeeming and issuing new securities bonds plus unpaid interest set at 4%. The national bank would preside over this democratization of credit contributing to a vast economic expansion. We must implement national lending instead of national spending. This type of lending allows us to have short term capital costs lowered to 0% within our domestic market. Thus granting us a hyper competitive advantage over in foreign markets and high value with strong investment behind it encouraging the development of the economy, and to deter speculation.

Thoughts?

what da faq

I am not reading all of that.

I am not your teacher, I am not grading your essay

Sparknotes plz

The federal reserve is stupid anyway

Bad summary imo

Hello

a lot bad in there actually. the fed is bad but mostly on purpose for corruption reasons but they also made it more complicated than necessary in order to confuse the public, so you sort of get the worst of both worlds. If you are going to bother having a fiat currency, there is no reason to involve the banking system in monetary policy

outside of monetary policy, no reason for any manipulation of credit market, it's a terrible thing to do and the effects infect entire economy. it's based on a technocratic myth

if social goals have enoguh political force, they should jsut be funded with currency emission within the predictable schedule, so monetary and fiscal policy is a linked coherent whole

situation we have now, commercial banks do 80-85% of monetary policy, while financing politics that also break fiscal policy

ironicallly, the politician at Jekyll Island was the most honest, Alridge. He wanted a straight shooting central bank, no gimmicks, but the rest of the team felt it would be too blatant to get passed

Like in your above scenario, artificially low interest rates, especially in capital goods markets, is what brings on inflationary booms, and then the later crashes. the rate meddlign is what brings on the oscilations of the business cycle

it actually ends up promoting 'credit's' share of the profit, usually at he expensive of labor, with 'capital'/equity having a relatively stable portion. You can look at STeve Keen's modeling for that

with his Minsky program

i.e., bond holders percentage of surplus grows at the expense of labor, usually from carry trade of long term to short term lending, overinvestment in automation and machinery, which lowers labor's share of the production(and their margin), and usually becomes a positive feedback loop, until you get a crack

<:political_thinking:583244726040264704>

Prime example, tons of mcdonalds, very few mom and pop burger joints

mcdonalds borrows at 1%, mom and pop borrow at 5%, and can't compare

most big restaurant chains are really banks in disguise

the big HQ borrows cheap, relends to franchise buyers and makes the spread

mom and pop have to pay 5% for their own dream and name, but they can open a subway for 3%

so as a result, almost every restaurant is a franchise of some big corporate entity that is really a bank that produces its own collateral

same model is what happened to GMAC that became Ally Bank, GE financial, etc, back in 2008

only it was like 20x normal speed instead of the usual insidious take over

Revise taxes overhauling taxation with a progressive personal tax that starts at 0% on the lowest income and is capped at 30% on the highest. A corporate tax of 40%, Those who lack citizenship but reside within the nation as a legal resident will have a flat tax of 16%. 10% tax paid by all sellers of stocks, corporate bonds and derivatives. A corporate tax of 12%, and a dividends tax of 1%. Private property taxes will be abolished and instead replaced with a Land value tax set at the rate of 2.6%. Annual incomes will be limited to $100 million and inheritances shall be capped at $500 million liquid wealth, anything exceeding this shall be seized by the state. No person will be allowed to accumulate a personal net worth of more than 300 times the average family. A user fees tax of 2%, and sales tax of 2%. A graduated wealth tax of 40% shall be on all persons with a net worth exceeding 10 million or more. Import tariffs adjusted to a flat tariff set to 25% on all goods and services imported into the domestic market. A policy that allows industries to deduct from their taxable income all sums used only to purchase new equipment. The creation of a law to completely block foreign stock trades by citizens. Setting 15% for reserve requirements for all OTC derivatives. A 4% maximum rate of interest on credit cards and payday loans restoring anti usury laws. Banning all adjustable-rate mortgages, regulation of commodities in a 100% margin requirements, position limits, and anti-speculation protections for hedgers and end users to prevent oil, gasoline and food price spikes.

and you call yourself a capitalist?