If this were to actually happen it would finally awaken EVERYONE to the deepest problem we face, namely the current anomalous monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money and as Burden To Repay.

There isn’t anything inherently wrong with a debt/a loan, but enforcing it as a monopoly idea/paradigm is and always has been the deepest de-stabilizing factor in economic history. Consult Michael Hudson and Steve Keen on the history and research.

What Hudson and Keen however have not cognited on is what is the exact new paradigm concept and how can it be most efficaciously applied? I have done that.

The last monopoly paradigm was The Reformation. We require a monetary, financial and economic paradigm.

EB: I agree, so whats your solution?

Me: Bear with me on this post, it might be rather long.

First we’ll probably need to take the situation you describe to court challenging the sanctity of contracts, specifically the monopolistic ability to seize other people’s money and assets because The Sanctity of Contracts ONLY is a monopoly paradigm.

In the mean time in order to stabilize the economy in perpetuity we need to communicate the wild benefits of strategically applying the new monetary paradigm of Gifting’s policies directly to the general populace.

Keep the above and this in mind: Probably at least 30-40% of the MAGA constituency is MAGA because the individual has been ignored and jipped by both parties for the last 50+ years.

A couple more preliminaries: The private banks utilize equal debits and credits, i.e. accounting operations to create upwards of 97% of our new money every year. And even government debt is presto-change-o immediately transformed into treasuries, i.e. debt. Thats a monopoly paradigm on new money.

Accounting/Double Entry Bookkeeping is probably the most temporal universe reality anchoring discipline Mankind has ever invented.

Many of the policies I advocate utilize the same debits and credits operations to anchor the new paradigms realities.

If a single policy in the 25 policy program of the new monetary paradigm (the 50% Discount/Rebate policy at retail sale)
1) immediately doubles everyone’s purchasing power,
2) potentially doubles the demand for every enterprise’s goods and services and
3) also mathematically ends inflation forever…thats a no brainer set of benefits that could usher in a greater coalition for its enactment than the The New Deal enjoyed, and
4) with my 25-50% debt jubilee policy at the point of loan signing…anyone could buy a $60k Tesla for $15k and a $400k house for $100k…so its even more of a no-brainer.

All liberal economic and monetary reformer’s, including yourself, philosophically align with the new paradigm. NIB is a form of Gifting for infrastructure, MMT is monetary Gifting for government contractors, Steve Keen’s “Modern Debt Jubilee” is a gift of money to erase debt, UBI/Universal Dividend is direct monetary Gifting to the individual, Michael Hudson’s research confirms that monetary Gifting has been utilized by the ancients to re-stabilize their economies and re-write the contract with their general populace. You take the majority democratic constituency and tack on at least 30-40% of the MAGA crowd even the dumbest consumer can do the simple math and say, Holy crap! Someone finally directly and immediately helped me!

We really need to pow-wow Ellen. The applied ideas AKA paradigms behind our systems are what create and enforce their temporal universe realities, and are where the real power for permanent resolving change is to be found. What if we could integrate and synergize the policy intentions of all of the aforementioned reform movements?

MG: I have good news, bud. It’s not enforced as a monopoly and hasn’t been a monopoly since executive Order 11825 signed on Dec, 31, 1974.

The reason for that timing is that the trade value (price) of gold has been fixed and pegged by government decree until Aug of 1971 and it was only AFTER the gold price was set free to be managed by the marketplace that it even became possible for people like you and me to monetize and use our sovereign gold for debt-free trade in a lasting system for real economic growth.

Gold with a fixed price peg is an abomination of free market principles. It’s a limited and finite monetary metal, afterall, so the trade value (price) must be scalable by market means.

Me: The problem is you believe in “free” market “principles”. The whole concept of free markets is in fact a misnomer for what actually is the economic reality, namely the chaos of alternately goosed and strangled financial dominance. In the human world there is only freedom amongst known and enforcable barriers. When “Finance owns the joint” as Illinois senator Dick Durban has correctly observed every economic agent individual and commercial is forced onto all fours.