Money is a commodity; financial services is trade in a commodity; the only way to make big profits is to create a monopoly. Is this what we are defending? Too big to fail or too big to permit?

Please! why does everyone refuse to see the wood in the trees?

There is one, and only one, main cause of all our economic woes.
During the 1900’s our stupid/corrupt politicians signed away the
Sovereign “rights” , that allowed us to print and issue our own
interest free, debt free money; and since then we have all become
“debt slaves”. Our rights to print and issue our own money out of
thin air were ceded to private banking Corporations, thus now, we
borrow all our money from them, and they simply print it out of thin
air, and charge us interest for the privilege. Given the nature of
our economic cycles, the booms and busts, it is virtually impossible
for us ever to repay all such debts, especially since, when they
print our borrowings, they do not also print the money to cover the
interest repayments; this simple leverage constantly acts to keep us
all “in debt”.

These economic consequences were recorded centuries ago in the well
known fable about the man who possessed a goose that laid “golden”
eggs; he sold the goose for a paltry sum and forever thereafter he
was destitute.

The remedy for our problems is simple; we abrogate any agreement
previously made, reclaim our Sovereign “rights” to print and issue
our own debt free interest free money. This simple remedy would
permit the whole World to eliminate poverty, without taxing the
rich, and at the same time add a continuously recurring means of
sharing the Earth’s natural abundance, a share that all humans have
a right to expect. Money will act as “the rationing device” for this
purpose, allowing the rich to go about their greedy acquisitional
processes; leaving Government to impose sensible, rational,
restrictions to limit the size of great personal or Corporate
fortunes, thus maintaining the necessary control of total money in
circulation.

This will enable us to stop income-taxing of individuals; we may pay
everyone that needs it a social wage, based on a break even
computation, this will eliminate poverty and deprivation; those in
receipt of the Social wage will be encouraged into employment,
without loss of this Social wage, and to work for any employer for
additional income, mutually agreed between them. This gives control
of work and income to the “workman”. Employers will gain a workforce
of people willing to accept much lower wages than previously paid,
thus making the employer production costs significantly lower; plus,
the employer no longer collects taxes for the Government. The
employer Corporation/business will pay tax annually as usual. The
collection of V.A.T. or G.S.T., consumer taxes will cease.

All Government expenditures will be provided by the planned issue of
our own debt free interest free money using legislation and budgets
approved by Parliament. Health, Education, University courses,
Infrastructure of all kinds, etc. etc. None of this is “rocket”
science; we would simply be using the functions of money for the
benefit of everyone, instead of only for a privileged few. The free
enterprise system stays intact, unaltered.

Provided that all of these expenditures are actually “spent” into
circulation they will not create inflation; inflation will occur,
for instance, when too much money chases too few “goods”, perhaps
when engineered through “Market Manipulations” when Government
oversight and adjustment become necessary.

The Government must own and run it’s own Public Bank, just like the
original Commonwealth Bank of Australia or the State Bank of North
Dakota, which decided not to sell out or “privatise”. No Private
Bank or Corporation will be permitted to create money, under any
guise; our financial system will revert to one of “sound ” money.
Sound money is that which turns around sound borrowing, lending
saving and investment, controlled by being liquid cash, backed by
the ownership of assets, keeping them in balance; borrowing and
lending outside of these criteria, characterised as “high risk”,
will be permitted between parties willing to accept such risk, and
then, only when it involves their own wholly owned assets.

Interest rates in the private sector will be set by the private
sector Banks in competition. The floating exchange rate will be
converted into “fixed” rates decided by Government, and as decided
between Sovereign Nations and embodied in trade agreements. Our
currency will not be traded on “Exchanges”, our Nation will be
immunised against the manipulated predations of the “Market”.

The foregoing explains the broad brush strokes involved, but in
summary we would have a Nation with little or no foreign debt, a
Nation whose domestic economy sits on a solid unshakeable base, a
Nation better able to compete in the wider World, a Nation without
poverty whose peoples are empowered to think and work for themselves
without having to worry about how they will feed themselves, a
Nation rescued from the avarice of the “Money Lenders”, and above
all, a Government able to be free and Independent, instead of being
owned by Corporate and “private” money influence. This is named
“The Universal Economy” because it will operate anywhere for the
benefit of everyone.

For those who doubt the efficacy of this proposal, I suggest they
study the United States example. The clever banking Corporations
engineered the U.S. dollar to be the Worlds reserve currency. Ever
since the U.S. has been printing money out of thin air, now they
have military bases spread throughout the World, their dominance and
control of Banking and trade organisations allows them to place
whole Nations under siege, for that is what “sanctions” do, just
like in mediaeval times. They have engineered the removal of
democratically elected Governments and “regimes” not willing to
follow the U.S. directives. They have made War against countless
Nations using propaganda and outright lies and falsifications. In
recent years they have printed trillions of dollars, called
quantitative easing, and poured it into foreign banks and financial
Institutions trying to prevent the next
economic meltdown; but it is not working because their printed money
was not
” spent” directly into circulation, instead it was used to inflate
the prices of shares, commodity markets, real estate and the huge
“derivatives” scams; the bust cometh.