Stock market collapse? Great! Wall Street’s .01%’s rigged-casino parasitizing real Americans' work and offering zero usable goods/services MUST END before monetary reform & public banking allow ~$1,000,000 per US household in near-instant benefits (you literally have nothing more valuable to learn)

Secondary market: securities sold by and transferred to one speculator to another.
Speculator: purchase of an asset with hope that it will become more valuable. Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements (my note: 99% of Americans, yes?)
The most important context to consider the US stock market:
  • Americans are neo-slaves to lying sacks-of-spin asset holes psychopathically crushing life from all Earth’s inhabitants. The best description of these .01%’s “leadership” is rogue state empire, with those of us pointing to the uncontested and comprehensive history unaware of any attempts to refute this label of OBVIOUS crimes that annually kill millions, harm billions, and loot trillions.

The most important conclusion to draw from this context:
  • It is also obvious that anyone serving the ideals of the Declaration of Independence, and the legal/natural rights upheld in the US Constitution must demand .01% arrests. The alternative is to normalize Orwellian inversions of truth, justice, and the American way of freedom.

The .01% rigged-casino looting Americans of trillions

“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ Article I, Section 9, Clause 7, The US Constitution
Some historical context from WANTtoKNOW.info:
CBS News in 2002 was the first to report on the much smaller amount of $2.3 trillion missing from the Pentagon, as acknowledged by then Secretary of Defense Donald Rumsfeld in a report on the Dept. of Defense website. Rumsfeld's report was later strangely removed from the website, but is still available on the Internet archive.
I’ve written continuously of such looting, including in 2016 of the Department of Defense (DoD) admitting having “lost” $6.5 trillion of taxpayer money. Now Forbes reports $21 trillion “unaccounted” (= “lost”) taxpayer money received by our government, but without documentation of what happened to it. Importantly, this missing money is just from DoD and Department of Housing and Urban Development (HUD). 

$21 trillion = ~$200,000 per average US household. If you really believe this was "lost" and without need of comprehensive independent accounting, you deserve to be looted more.

I've also documented
The global 1 percent hold twenty-one to thirty-two trillion dollars in offshore havens in order to evade taxes, according to James S. Henry, the former chief economist at the global management consulting firm, McKinsey & Company. Based on data from the Bank for International Settlements, the International Monetary Fund, the World Bank, and 139 countries, Henry found that the top 1 percent hid more than the total annual economic output of the US and Japan combined. For perspective, this hidden wealth is at least seven times the amount—$3 trillion—that many estimates suggest would be necessary to end global poverty.If this hidden wealth earned a modest rate of 3 percent interest and that interest income were taxed at just 30 percent, these investments would have generated income tax revenues between $190 and $280 billion, according to the analysis.Domestically, the Federal Reserve reported that the top seven US banks hold more than $10 trillion in assets, recorded in over 14,000 created “subsidiaries” to avoid taxes.

$1,000,000 per average US household benefits?! How???

I'm among dozens documenting (and updating) for decades:

Demonocracy’s sharp 2 minutes of the tragic-comic mathematical certainty for a society that creates what is used for money as debt; just as certain as adding negative numbers forever causes only and always increasing aggregate debt until a system collapse:
We the People endure endless criminal actions under a .01% rogue state empire, with rhetoric by both political parties’ “leaderships” most accurately defined by bestselling Princeton Professor emeritus Harry Frankfurt as bullshitthe inversion of objective factual reality.
This can also be characterized as corporate media “covering” a “Big Lie” .01% crime with “fake news.” The great news, as usual, is that we have technical solutions to end all real problems. In this case, Benjamin Franklin is one of hundreds of America’s best and brightest who clearly document that monetary reform with public banking allows government to operate without taxes with abundant funding.
Most Americans are unaware that what they’re told is literally Orwellian inversion of the objective data. Given opportunity, here and now, to allow Dr. Franklin to walk you through this breakthrough available to We the Peoplewill you invest close attention to the following professional documentation?
One of ~100 game-changing areas that We the People must recognize is that our .01% wanna-be masters loot us by the trillions every year, with the core of this criminal fraud by creating what we use for money as debt owed to them. The fraud’s core is to lie to us by calling debt/credit they create out of nothing and issue to us as so-called “loans” as money, when debt is the Orwellian opposite of money.
This financial crime is similar to:

Obvious solutions other than endure debt slavery and kissing our assets goodbye:

  • monetary reform
  • public banking
  • .01% arrests for crimes annually killing millions, harming billions, and looting trillions

Data, discussion of ~$1,000,000 benefits per average US household with monetary reform, public banking:

The top three benefits each of monetary reform and public banking total ~$1,000,000 for the average American household, and would be received nearly instantly. Fed Chair Janet Yellen publicly acknowledges monetary reform as described below, but continues a history of criminal fraud in her lawful fiduciary responsibility to truthfully provide what you’re about to read. The data below include evidence of a .01% oligarchy criminally looting tens of trillions of our dollars.
Monetary reform is the creation of debt-free money by government for the direct payment of public goods and services. Creating money as a positive number is an obvious move from our existing Robber Baron-era system of only creating debt owed to privately-owned banks (a negative number) as what we use for money. Our Orwellian “non-monetary supply” of adding negative numbers forever causes today’s tragic-comic increasing and unpayable total debt. You learned these mechanics of positive and negative numbers in middle school, and already have the education and life experience to conclude with Emperor’s New Clothes absolute certainty that accelerating total debt is the opposite of having money. As a National Board Certified and Advanced Placement Macroeconomics teacher, I affirm this is also exactly what is taught to all economics students.
The public benefits of reversing this creature of Robber Barons are game-changing and near-instant. We the People must demand these, as .01% oligarchs have no safe way to do so without admission of literal criminal fraud by claiming that debt is its opposite of money.
The top 3 game-changing benefits of monetary reform:
  1. We pay the national debt in proportion to removing private banks’ ability to create what we use for money as debt in order to prevent inflation. We retire national debt forever.
  2. We fully fund infrastructure that returns more economic output than investment cost for triple upgrades: the best infrastructure we can imagine, up to full-employment, and lower overall costs.
  3. We stop the ongoing Robber Barons who McKinsey’s Chief Economist documents having ~$30 TRILLION in tax havens, and the Fed finding the US top seven banks creating shell companies to hide $10 trillion. This amount is about 30 times needed to end all global poverty, which has killed more people since 1995 than all wars and violence in all human history.
Public banking creates at-cost and in-house credit to pay for public goods and services without the expense and for-profit interest of selling debt-securities. North Dakota has a public bank for at-cost credit that results in it being the only state with annual increasing surpluses rather than deficits.
Top 3 game-changing benefits of public banking:
  1. a state-owned bank could abundantly fund all state programs and eliminate all taxes with just a 5% mortgage and credit card.
  2. a state-owned bank could create in-house and at-cost credit to fund infrastructure. This cuts nominal costs in half because, as you know, selling debt securities typically doubles the cost. For example, where I live we’re still dismantling the old Bay Bridge in NoCal from the upgrade that cost $6 billion, but the debt-service costs will add another $6 billion when it’s all paid.
  3. CAFRs (Comprehensive Annual Financial Reports) stash “rainy day” funds no longer required with a credit line from a public bank. In addition, the so-called “retirement funds” currently deliver net returns of just a few percent on good years, and negative returns on bad years (herehere). California’s ~14,000 various government entities’ CAFRs have a sampled-data total estimate of $8 trillion in surplus taxpayer assets ($650,000 non-disclosed assets per household, among California’s ~12.5 million households).
$1,000,000 of benefits per US household:
  • California’s CAFR data of ~$650,000 of assets per household is evidence of huge cash assets of similar magnitude in every state.
  • Paying the US national debt of ~$18 trillion saves ~$180,000 per household.
  • Ending state taxes in California to pay a budget of ~$170 billion saves each household ~$15,000, with similar savings in every state.
  • ~$30,000 per household savings annually: the American public would no longer pay over $400 billion every year for national debt interest payments (because almost 30% of the debt is intra-governmental transfers, this is a savings of ~$300 billion/year). If lending is run at a non-profit rate or at nominal interest returned to the American public (for infrastructure, schools, fire and police protection, etc.) rather than profiting the banks, the savings to the US public is conservatively $2 trillion (1). If the US Federal government increased the money supply by 3% a year to keep up with population increase and economic growth, we could spend an additional $500 billion yearly into public programs, or refund it as a public dividend (2). This savings would allow us to simplify or eliminate the income tax (3). The estimated savings of eliminating the income tax with all its complexity, loopholes, and evasion is $250 billion/year (4). The total benefits for monetary reform are conservatively over three trillion dollars every year to the American public. Three trillion is $3,000,000,000,000. This saves the ~100 million US households an average of $30,000 every year. Another way to calculate the savings is to figure those amounts per $50,000 annual household income (for example, if your household earns $100,000/year, you save ~$60,000 every year with these reforms). This savings represents a 60% raise for every US household’s income.
  • Related, if the ~$30 trillion hidden in tax havens by the .01% have $10-$15 trillion from Americans, and we count the Federal Reserve report that the US top seven banks have over $10 trillion stored, then the average US household could clawback ~$200,000 to ~$250,000.
Famous Americans already on record for these reforms:
Please understand that I represent likely hundreds of thousands of professionals making factual claims with objective evidence anyone with a high school-level of education can verify.
The Emperor’s New Clothes obvious pathway out of these mechanics of our “debt system” is to start creating debt-free money (a positive number) for the direct payment of public goods and services, and create public credit for at-cost loans (a negative number). I have three academic papers to walk any reader through these facts; an assignment for high school economics students, one for Advanced Placement Macroeconomics students, and a paper for the Claremont Colleges’ recent academic conference:
Let’s examine just some of the facts of the current US economy that demonstrates its criminal status:
For Americans still zombiefied to “believe” in America, please embrace the reality that 40% of US children live at least one year of their lives in under-measured poverty, while oligarchs most responsible literally laugh in grandiose glee of the poverty they euphemise as “income inequality.” Please absorb this 1-minute reality check:
John Perkins’ 2-minutes of context as an illustration of what the US rogue state executes:
More game-changing economic data that confirm what we receive for economic leadership is literal criminal fraud:
15-minute video of obvious solutions: Mark Anielski and Ellen Brown’s powerful 15-minute response to an interview at the Seizing an Alternative conference (and here, with videos here) with former World Bank economist Herman Daly and co-author John B. Cobb of For the Common Good (video should start at 1:04:43):
81-minute interview with Byron Dale and Greg Soderberg of WealthMoney.org (the three of us have combined over 90 years of research on this topic):
Endnotes:
1) Of $60 trillion total debt, a conservative current interest cost of 5% is $3 trillion every year. Two trillion dollars of savings if the profits are transferred to the American public rather than to the banking industry is probably low. St. Louis Federal Reserve Bank: https://research.stlouisfed.org/fred2/series/TCMDO
2) The US GDP is ~$17 trillion. Three percent growth is moderately conservative.
3) Of the US Federal government’s ~$4 trillion annual budget, about $1.7 trillion is received from income tax.
4) Tax Foundation. Hodge, S, Moody, J, Warcholik, W. The Rising Cost of Complying with the Federal Income Tax. Jan. 10, 2006: http://www.taxfoundation.org/research/show/1281.html

Demand .01% arrests for Orwellian lies and crimes

Obviously, when the truth is rogue state empire annually killing millions, harming billions, and looting trillions, the foremost response for justice is public call for .01% arrests.
Obviously.
The categories of crime include:
In just 90 seconds, former US Marine Ken O’Keefe powerfully states how you may choose to voice “very obvious solutions”: arrest the criminal leaders (video starts at 20:51, then finishes this episode of Cross Talk):
3-minute video: Police, Military – Was your Oath sincere?
**
I make all factual assertions as a National Board Certified Teacher of US Government, Economics, and History (also credentialed in Mathematics), with all economic factual claims receiving zero refutation since I began writing in 2008 among Advanced Placement Macroeconomics teachers on our discussion board, public audiences of these articles, and international conferences (and here). I invite readers to empower their civic voices with the strongest comprehensive facts most important to building a brighter future. I challenge professionals, academics, and citizens to add their voices for the benefit of all Earth’s inhabitants.

**
Carl Herman worked with both US political parties over 18 years and two UN Summits with the citizen’s lobby, RESULTS, for US domestic and foreign policy to end poverty. He can be reached at Carl_Herman@post.harvard.edu

Note: My work from 2012 to October, 2017 is on Washington’s Blog. Work back to 2009 is blocked by Examiner.com (and from other whistleblowers), so some links to those essays are blocked. If you’d like to search for those articles other sites may have republished, use words from the article title within the blocked link. Or, go to http://archive.org/web/, paste the expired link into the box, click “Browse history,” then click onto the screenshots of that page for each time it was screen-shot and uploaded to webarchive (blocked author pages: herehere).



Comments

  1. I think they (the .01%) have been building up to this for some time now, sucking in small fry speculators by engineering a steadily rising market. Now they have pulled the pin, creating panic among the small would-be millionaires out there, fleecing them of their money. An old trick.

    ReplyDelete
    Replies
    1. I agree that it's an old trick of the rigged-casino, Helge. Perhaps threats of .01% arrests with over 10,000 sealed indictments is real, and this time the crash will be major.

      We'll see.

      The great news is documented solutions since Ben Franklin showed colonial Pennsylvania could operate without taxes using monetary reform and public banking.

      Delete

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