hostebbe

 
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  • in reply to: Debt Rattle April 9 2019 #46585

    hostebbe
    Participant

    Dr. D “There is no “other” on planet earth, only “us”. ”

    Seeking the best possible understanding of this statement– ethically, morally, scientifically, spiritually, etc.–should be a foundational aspect of all human endeavour. Also, a great slogan for sweatshirts, bumper-stickers, entry-ways, coffee mugs and so on.

    in reply to: Debt Rattle March 9 2019 #45890

    hostebbe
    Participant

    zerosum
    the story implies one can borrow oneself out of debt. rather than a tourist coming in, the motel owner goes to the bank and borrows the $100. then after the money cancels out all the debts and gets back to the motel owner, he goes to the bank and pays off his debt. oops–he still owes the interest . and that is how the rich got rich and why jesus had a problem with money lenders

    in reply to: Debt Rattle March 9 2019 #45885

    hostebbe
    Participant

    Dr D There are some bright spots in the darkness that lies ahead. Many people are working hard to make a difference. See for example Living the Change free on Mercola through Mar ll, https://articles.mercola.com/sites/articles/archive/2019/03/09/living-the-change-documentary.aspx?utm_source=dnl&utm_medium=email&utm_content=art1&utm_campaign=20190309Z1_UCM&et_cid=DM272115&et_rid=563290438

    in reply to: The Real New Deal #45831

    hostebbe
    Participant

    “… the reality is, if one were to have a major contraction, much less plan a voluntary, intentional one, the pressure to stop it would be overwhelming and from every side: retail, political, financial, human, ecological, economic, military; there is no way such a plan could be seriously considered, much less implemented. WE ARE NEVER MOVING TO EFFICIENCY UNDER A DEBT-BASED MONETARY SYSTEM. End of story….

    We not only need a New Green Deal, we need a New Deal altogether. A better one, a fairer one. A possible one. One with a future. So let’s start acting like it and begin.”

    Looking forward to another post where you explain how to make the impossible possible.

    in reply to: Debt Rattle October 8 2018 #43256

    hostebbe
    Participant

    ‘There is simply no viable alternative to the dollar’s global role as a unit of account, a means of payment, a transactions currency and a store of value.’

    Creating an alternative to the US dollar is not difficult but the consequences will be profound.

    How to do it? — the same way that the dollar was created, i.e., out of thin air and trust.

    For purposes of thin air – just pick a convenient number. Let’s say 1 trillion. Give the unit a name. I like trade reserve unit (TRU).

    For trust you need an administrative body founded by treaty between participating nations with all nations having equal rights and responsibilities. Give the administrative body a name. I like TRU Registry and Clearinghouse (TRAC).

    So far, we have TRAC sitting on 1 trillion TRUs. The purpose of the TRUs is to replace US dollars as a means of payment for international transactions. To accomplish their purposes, the TRUs must be allocated to nations on some objective basis related to their function. I propose that TRAC set up an account for every member of the United Nations and allocate the TRUs to those accounts in proportion to each nation’s share of global imports. Every nation on earth will then have a supply of TRUs waiting for them to use.

    To get the process started it is necessary that a significant group of nations get together to found TRAC My preferred group would be the members of the Shanghai Cooperation Organization and its observer status nations.

    Nations would get access to the reserves waiting for them in TRAC when then they become members by ratifying the TRAC treaty.

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