Money. Greed. Same Thing ??

About now some smart guy is going to point out the fact that the DNPP hasn't done anything. Well, we might not have done anything yet, but we do have a better class of promises. We can do things better because we are not stooopid. (Time for definitions, class) It is all right to be ignorant. That just means you don't know things. It is all right to be stupid. That just means you don't have the equipment to learn things. Stooopid means you have the intelligence and education but you just keep doing things wrong. Using this dictionary means that for almost thirty years, the Howe and Fraser Institutes, The Bank of Canada and the Finance Department have been stooopid. Or if not stooopid, acting that way. The difference between good government and bad government boils down to who are you looking out for? In a nutshell....have the people who run the country really been trying to make a better world? It all comes down to money. Will those who do things, build things and grow things prosper, or will they just provide interest payments for the favored few? If we want true prosperity, debt has to decrease. For debt to decrease Gov't. has to accept responsibility for monetary matters. Canada went off the rails when Trudeau bailed out on monetary matters. Many responsible people were dismayed when Lucky Pierre decided the Central Bank and the BCNI could handle the countries finances. Going to Bouey and then Crow as Central Bank Governors made it clear that money men were favored over doing men. Money lending is by far the largest business in the country, and indeed, in the world. And that couldn't have happened without government help. Borrowing for productive reasons isn't bad. And using a 30 year mortgage to build a home beats living in a tent while you save the money. But when government deliberately creates a huge market for money lenders and then collects the interest for them in tax dollars, that is going too far. Was there an alternative? Sure, there is always an alternative. Without going into a lot of detail we can say money is always being created. As long as people do productive things, wealth will grow. And the supply of money should increase to match the increased wealth. It is how this new money appears that means the difference between a healthy society and one that is sick. From 1940 until 1975 the country created moderate amounts of new money, spent it into circulation, and it looked like we were going to live happily ever after. But for no reason I can understand we changed a successful formula. It is true capital was in trouble, but we could have fixed that without burning down the whole damn house. In 1975 we needed around 4 billion to avoid a deficit caused by tax cuts. We could have had the central bank make about 4 billion available to the government. Either as a long term bond (30 years?) or as a direct credit. I like the bond method myself. It provides a easy method of tracking. This kind of financing has many advantages. Most important, no interest. Almost as important, it offers a stability in government financing desperately needed. Short term emergency borrowing will not become long term poverty. Let's suppose we had borrowed 5 billion a year from 1975 onward. In thirty years (2005) the first of those bonds would be maturing. In 1975 5 billion was about 3.0 % of GDP. The 5 billion we are paying back will be about 0.5% of GDP. Long term borrowing diminishes the impact of repayment. And there is no penalty of lost purchasing power to the lender, as there would be with private money. It is possible that 5 billion a year might not have been enough. But it should have been. Let us compare the 125 billion we might owe to the 600 billion we do owe. And consider the the 40+ billion interest the feds have been paying annually for the last decade. How about the problems for municipalities and provinces? For all of us, over a trillion paid and a trillion still owing. That is roughly $65,000.00 for each and every one of us. Just think of the business failures due to high interest, the homes and farms lost, and the jobs sacrificed for no other reason I can see except, to add to the wealth of a few. What those people who determined our course have done is obscene. But it can be corrected and shall be corrected. There will be billions to heal our society. And so we will enter El Dorado. The Golden City. Since we in the DNPP are not narrow minded or vindictive we will offer employment to those who will lose their jobs when the illusion they created is shattered. They will be appointed as "javelin catchers" for the Canadian Olympic Team. Three weeks work at minimum wage every 4 years. *********************** Works for me !! http://www.dnpp.ca/articles/dnpp06.htm