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#monetaryreform

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@joriki

Typical MMT gatekeeping, to preclude radical (and wiser) options such as:

'The proposal, therefore, is that the Government should issue the necessary money to the banks in exchange for the borrowers' collateral, so that henceforth these borrowers owe, not the banks, but the nation which, not the banks, has supplied the goods. They can then repay their debts without destroying the nation's currency and making it impossible for them to find the money to pay. For as the loans fall due and are repaid, the Government should put the money back into circulation (or into the pound-for-pound deposits of cheque users) by buying with it National Debt securities and destroying them. Thus an equivalent of interest-bearing National Debt would be destroyed for the non-interest bearing National Debt that is money.'

Frederick Soddy, The Role of Money.


@dwatney

Frederick Soddy provided an elegant solution nearly a century ago:

'The proposal, therefore, is that the Government should issue the necessary money to the banks in exchange for the borrowers' collateral, so that henceforth these borrowers owe, not the banks, but the nation which, not the banks, has supplied the goods. They can then repay their debts without destroying the nation's currency and making it impossible for them to find the money to pay. For as the loans fall due and are repaid, the Government should put the money back into circulation (or into the pound-for-pound deposits of cheque users) by buying with it National Debt securities and destroying them. Thus an equivalent of interest-bearing National Debt would be destroyed for the non-interest bearing National Debt that is money.'

archive.org/details/soddy-f.-t


Internet ArchiveSODDY (Frederick) - The Role of Money (1934) : SODDY, Frederick : Free Download, Borrow, and Streaming : Internet ArchiveWhat It Should Be, Contrasted With What It Has Become.The Role of Money - Front Cover...............  1Title Page.................................... ...

Mankind Drowning Deeper in Debt. 😞

Global public debt soars to record-high of $92 trillion, UN report reveals

wionews.com/business-economy/g

'A recently-published United Nations report reveals that global public debt has reached an unprecedented milestone of $92 trillion....

Additionally, the report highlights a concerning trend of domestic and external debt growing more than fivefold in the past two decades, outpacing economic growth. In contrast, global GDP has only tripled since 2002.'

With debt rising significantly faster than GDP, repayment increasingly becomes impossible. Of course, if the plan is to ensnare humanity in permanent debt-slavery....

WIONGlobal public debt soars to record-high of $92 trillion, UN report revealsBy WION Web Team

CBDC Resources:

I) Introductory

1) CBDC - Everything You Need to Know (Money GPS)

youtu.be/6JNpmsxZHBk

2) Johnny’s Cash and the Smart Money Nightmare (Richard Hall)

youtu.be/kazsyWAeiUk

3) CBDC (Cato Institute)

cato.org/briefing-paper/centra

II) Intermediate

4) Breakdown of Different CBDC Models (CATO Institute)

cato.org/blog/breakdown-differ

5) How They’ll Implement a CBDC Without You knowing. (George Gammon)

youtu.be/nsAUXmIjU1o

III) Advanced

6) Richard Werner on CBDCs

youtu.be/acBcLPlsqyA