If you are at least slightly familiar with C.H. Douglass’s Social Credit theory, then this will be interesting to you.
I heard this on a podcast of the programme below, at minute 42 & 20 seconds.
Part of Social Credit entails the government issuing money (as interest-free credit) instead of private banks issuing money as interest-bearing debt – which is the case now. If the government issued money the people could be paid a dividend instead of being taxed. I have never seen the amount quantified though.
The caller to this programme said he had done some calculations and in the case of the U.S., if the government issued the money it could pay an annual dividend to every adult over 18 years old of $24,000; there would be absolutely no taxation; all public banking loans could just be retired; and if anyone purchased anything they could be given a 25% sales credit (the opposite of VAT or a sales tax.)
This, of course, gives you an idea of how much the banks have taken from the people over the centuries. And when you work until some day in July until you reach “tax freedom day”, realise it is not the government, but the banks, you have been working for.
It also gives you an idea of how our societies could flourish if we chose this path.
THE AFP HOUR, TUESDAY, APRIL 3, 2012 on RepublicBroadcasting.org
“AFP Hour April 3: Host Mark Anderson welcomes Marc Armstrong of the Public Banking Institute to describe the concept of state-owned banks, as was started nearly 100 years ago by the Bank of North Dakota. With the PBI’s first-ever public banking conference planned for late April, and as more states look at this idea, are state-owned banks only part of the answer toward rescuing the economy? Are they an end in themselves? Or is monetary reform, toward publicly issued interest-free money, also needed? Will state-owned banks lead toward monetary reform, or will they sideline it because the people think state-owned banks is all that is needed? Whether the Federal Reserve would be ended still remains elusive.”
Republic Broadcasting is free if you listen live, otherwise you must subscribe to get the archives. It costs $1.33 per month – which is well worth it for me, as there are always many interesting programmes each month.
Interesting thoughts or articles I noticed this week from the alternative media. I don’t endorse or dismiss the ideas – and in many cases I have been aware of these ideas for years, but perhaps there is additional information or there is something new.