Sage Thinking

Sage made this comment on American Thinker.

I think it is an excellent observation:

America must retreat with its current fiscal and monetary policy. Fiscal policy is what the government chooses in terms of taxes, tariffs and investments. Monetary policy is the structure of the money system. In our case, we have horizontal banking which creates debt money when you take out a loan. We have vertical money, or money that is injected into the money supply, when the Treasury deficit spends. In both cases the money is based on debt, which is in turn is based on (hypothecated) real wealth. For example, you buy a house then the house is collateral for the loan.

China vertical spends debt free from their four big state banks. They also have private banks that create horizontal debt money. But, China forces their private banks to hold large reserves, thus helping prevent bubbles. In other words, China’s money system is a strategic advantage as their vertical money is not debt based. They spend Yuan’s debt free, like Lincoln did with Greenbacks. By contrast, we are enslaving our population to create money, where that new debt money is often mal-invested.
Since the private banking empire has hosted our Government, then don’t expect any policy changes. Criminal activities by Goldman Sachs and others will be overlooked, because money power is now fully insinuated into the body politic. China is actually playing rope a dope with Western private bankers. They are trading out Yuans for dollars, and then locking up dollars into Treasury bonds. This keeps the game going, and forces the U.S. to deficit spend (more debt enslavement) to offset the import imbalance. Each time Western bankers ask China to revalue the Yuan, China talks about doing it in a basket of currencies. This means that they intend to diminish the role of the dollar. They can definitely do it as long as we continue to create new money based on debt, while they do not have that ball-and-chain hobbling them. Fiscal and Monetary policy leads to wealth and to funding for military. 

Well said Sage!  You seem to be the best or perhaps the only thinker on the conservative site!  Others are listening to you so they must have some clue.  Keep talking.

Further down the same page Sage made another good comment and then he said this:

The fix is actually pretty simple. The problem is breaking the stranglehold of special interests. To us conservatives everlasting shame it took a liberal (Dennis Kucinich) to propose a real fix: Emergency Employment Defense Act of 2010, abbreviated NEED. The bill number is HR6550.

This bill makes all private banks 100 percent reserve. Private banks can no longer create credit money, which is credit that stands for money, but drags debt with it in every transaction. This debt load amounts to about ½ of your life energy. The Federal Reserve is absorbed into the Treasury. The Treasury is then locked down with new laws that have teeth, and allow only congressionally approved spending levels. The new money is U.S. dollars that are debt free.
Private banks would only match up people that have money to give to people that want money. They would get a fee for doing this operation. In effect, private banks would work like most people think they do now. Most people think private banks actually loan out their savings. Under this new system money becomes money and not credit/debt. New money that enters into the supply is then controlled by law. Historically, Congress has never exceeded its authorization levels when it had this power (during Lincoln’s greenback era). Going back further in time, the Continentals of the Revolutionary War authorization was never exceeded.
Do this and we would be out of debt in a few years and the economy would be roaring. We have a continental country with huge advantages and a highly intelligent motivated workforce. To be in debt with these advantages is the height of idiocy. We have been duped by a cabal of very clever bankers which can be traced to the Bank of England in 1694. Money does not have to be debt based. The money supply can be controlled with a system as outlined above. One thing I would add though is a bank clearing house instead of floating exchange rates. This allows real dollars to circulate only in our economy. www.monetary.org

Sage makes sense.  Doesn't matter that he is a conservative.  Sage consistently beats the debt free money drum with every post on the site.

Well done Sage!