Representative Gallegos:

Thank you and your staff for responding to my message.

Let me begin by framing what I have to offer with a few preliminaries.

1. Upwards of 97% of all new money is created, only as debt by private banks, simply by utilizing the accounting operations of debits and credits.
2. Accounting is probably the most temporal universe reality anchoring discipline that Man has ever conceived.
3. Many of the policies in my book utilize the same accounting operations at strategically powerful and mathematically beneficial points in the economic process.
4. System’s analysis is good because it identifies problems, but conceptual analysis of the applied ideas behind our systems AKA paradigms is deeper and historically has enabled us to better find integrative solutions to systemic problems. As R. Buckminster Fuller once said, “What we need is to become system’s philosophers.”
5. New paradigms always destroy worn out orthodoxies and create new realities by applying the new key concept in the most efficacious ways.
6. All new paradigms are always in complete conceptual opposition to the old/current anomalous paradigm.
7. Everything adapts to a new paradigm, not the other way around because paradigm changes are the most beneficial and progressive phenomena in human history, like for instance the paradigm change from nomadic hunting and gathering to homesteading, urbanization and agriculture.
8. Because its application is always so beneficial, all a new paradigm needs to win the day is a sufficiently large platform to communicate those benefits.

Ok, lets get to the core policies of the new monetary, financial and economic paradigm and look at their immediate and “knock on” benefits.

Policy #1: Utilizing the accounting operations of debits and credits a 50% Discount/Rebate policy at retail sale. In other words a merchant opting into the policy would give the consumer a 50% discount on virtually every good and/or service and open a new T-account into which the monetary authority, whether it be the FED or some other agency, would then rebate the total of such discounts back to the merchant thus making them whole on their total prices.

There are other policies in the entire policy program that insure and stabilize the new paradigm, but this policy is actually a paradigm change in and of itself because it is the precise expression of the new monetary paradigm that as per the preliminaries is in complete conceptual opposition to the current monopolistic paradigm of Debt Only as in Burden to Repay as the sole form and vehicle for the creation of new money. The new monetary paradigm that is integrated into the Debt Only system is: Direct and Reciprocal Monetary Gifting, Monetary Gifting for short.

So what are the immediate benefits of this policy? Benefit #1 It immediately and continuously doubles every individual economic agent’s purchasing power. In other words anyone can go buy a $60k Tesla…for $30k, a $400k home for $200k or a $10 Big Mac for $5…and yet Tesla, the home builder and McDonalds get their full $60k, $400k and $10 price. Another way to look at it is if you make $40k/yr. you can now purchase $80k worth of goods and services with that $40k, or maintain your current lifestyle on $20k and save and/or invest the other $20k, and when you go to spend it you can purchase $40k worth of goods if you do. Benefit #2 It ends inflation forever because we’ve never had any where near 50% year on year inflation let alone moment to moment 50% inflation (and hyperinflations are extremely rare and require 4-5 disastrous occurrences before they happen, all of which are easily avoided, as I enumerate in my book). Benefit #3 It potentially doubles the demand for every enterprise’s goods and services so its economically and politically integrative of the self interests of traditionally opposed constituencies.

Benefit #4: Mathematically ending inflation forever shuts the mouth of every libertarian and conservative pundit that government deficits are inflationary thus enabling the kind of fiscal funding for energy research and the mega projects necessary to confront and survive climate change.

When was the last time a single policy was so universally, economically and mathematically beneficial…and anchored to temporal universe reality by accounting operations? Quick answer, never.

Policy #2: A $1000/mo. universal dividend to everyone when they turn 18…for life. Paired with the 50% Discount/Rebate policy at retail sale that would guarantee every adult $2000/mo and $24k/yr. of purchasing power thus ending poverty forever. This policy would also enable college students to attend upwards of 95% of colleges and universities and by only having to pay for 50% of tuition and boarding (their retail product) with their dividend be able to go to school and not have to borrow a cent. This policy also renders the payroll taxes every employed person and every enterprise pays for welfare and unemployment insurance completely redundant and so able to be eliminated thus adding more than 5% to worker’s net pay and all of the money enterprise pays could instead be pocketed by them as additional profit. Do you think these two policies could sell to the individual?

Policy #3: A 25-50% Debt Jubilee/Rebate policy at point of loan signing. The percentage of debt jubilee depends on whether or not the big ticket item is aligned with green ecologically beneficial effects. This means that the person purchasing the $30k Tesla at retail sale only has to finance $15k and the $200k house is financed for only $100k. The bank gets $15k to put in its pocket as income for the Tesla and $100k for the house and the consumer only ends up paying compound interest on 25% of the full $60k or $400k. Sound like a pretty easy sell?

Again, there are another 20 or so additional policies in the entire new paradigm program, and I also have solid refuting rebuttals to every objection/no longer relevant orthodoxy spewed at me for the last 6 years posting on economic blogs about these policies.

Finally, to paraphrase Victor Hugo: “If there is one thing more powerful than all of the armies of the world and private finance’s monopolistic paradigmatic power to fund or not fund, it is an idea whose time has come…and a gutsy person with a platform willing to communicate it.”

Be happy to discuss this with you further. Please contact me at ataushumme@yahoo.com and/or message me at 602 769 6832 because I don’t always pick up if I don’t recognize the caller.

Thank you again for your attention.

Sincerely,

Steve Hummel