New Policy and Integrating National Public Banking Into Wisdomics-Gracenomics

What is the “retail product” of a commodities exchange? What if there was a policy of a 10% discount/rebate on every futures contract, and the purchaser of that contract was able to count that discount as profit….IF they did not increase their prices except for valid and actual increase in their business costs…..and were taxed severely if they did?

What if we abolished the charter for money creation by private banks and instituted an arm’s length publicly administered national banking system and central bank that might allow some, but looked intensively askance at large speculative leveraging in order to inflate asset and commodities prices? One that would also completely wind down the mountainous debt from derivatives from before the GFC and let the chips fall where they may for the opposing parties….and never allow any such idiocy in the future?

These are a couple of the policies, regulations and structural changes of Wisdomics-Gracenomics.

Let us end the de-stabilizing speculative, casino-like financialization of the economy and, with the concept behind the new paradigm create a more prosperous re-retailization of same.

And if the commodities and stock exchanges want to collude with each other not to implement or to game the policy in some way….I’m sure some savvy investors will be happy to start up new exchanges. Competition. It’s always an economic virtue.

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