Sunday 4 August 2024

China s people s central bank may give money directly to people to stimulate demand as part of direct monetary financing

THE SWITCH FROM THE PRIVATE DOLLAR AND EURO TO THE RUBLE, YUAN HAS PROPELLED RUSSIA S ECONOMY TO FOURTH IN THE WORLD IN JUST TWO YEARS, ENABLED THE EXPANSION OF ITS MILTIARY INDUSTRIAL BASE AND GIVEN IT VICTORY AGAINST UKRAINE

 

Great idea to encourage demand, which is only possible with a central bank which can print money for free as part of direct monetary financing like China and Russia and as the US was before 1913 when the Fed was privatized and all money started to be issued as a debt to private banks.

https://www.zerohedge.com/economics/beijing-helicopter-taking-china-central-banker-calls-direct-money-transfers-households 

If Trump can get the Federal Reserve back into the hands of the people, the sky is the limit. He can cancell all personal and business debts to banks, much of the national debt, fund pensions, education and health care etc without federal taxes. 

https://positivemoney.org/archive/strip-private-banks-power-create-money-financial-times-martin-wolf-endorses-positive-moneys-proposals-reform/

https://www.telegraph.co.uk/finance/comment/9623863/IMFs-epic-plan-to-conjure-away-debt-and-dethrone-bankers.html

Inflation can be controlled by  price controls.

US manufacturing and research can be stimulated with grants. Tariffs can be used to encourage a domestic industry.


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