*hyperlinks/videos live at source*
3-minute Hillary Clinton message to Democrats:
Clinton’s claim that Democrats in 2016 had “the most progressive platform in history” is a psychopathic lie because it omits OBVIOUS progressive policy proposals:
The US engages in ongoing illegal Wars of Aggression all started on lies known to be lies as they were told.
Monetary reform and public banking delivers ~$1,000,000 per US household in benefits. That is the ongoing cost of oligarchic bankster looting.
The Pentagon admits to “losing” $6.5 trillion, with Dems refusing independent audits.
Since the Clintons were last in the White House, ongoing “leadership” renege of promises to end poverty have gruesomely killed ~400 million people; more than all wars and violence in known human history. These are Crimes Against Humanity, the Orwellian opposite of progressivism.
Democrat “leaders” ongoingly sacrifice ~1/3 of total health care costs to insurance companies rather than be the last “developed” nation to provide universal healthcare. This costs US taxpayers from $100 billion to $300 billion every year according to all professional economic cost-benefit studies I’ve seen (and browse here).
To be clear on psychopathy:
In this 5-minute video, Presidents Bush and Obama, Secretary of State and presidential-hopeful Ms. Clinton, presidential-hopeful has-been John McCain, and former Secretary of State and Bush family friend James Baker all joke about their psychopathic lack of empathy about US-led wars that have killed ~30 million human beings since World War 2; more than killed by fascist Nazis:
These psychopaths mock our veterans by allowing their growing homelessness and suicides, despite obvious solutions available for everyone’s full-employment and health care.
To be clear that Dem psychopathic lies hide oligarchic rogue state empire rather than 'progressivism':
The top 3 game-changing benefits of monetary reform:
We pay the national debt in proportion to removing private banks’ ability to create what we use for money as debt in order to prevent inflation. We retire national debt forever.
We fully fund infrastructure that returns more economic output than investment cost for triple upgrades: the best infrastructure we can imagine, up to full-employment, and lower overall costs.
We stop the ongoing Robber Barons who McKinsey’s Chief Economist documents having ~$30 TRILLION in tax havens, and the Fed finding the US top seven banks creating shell companies to hide $10 trillion. This amount is about 30 times needed to end all global poverty, which has killed more people since 1995 than all wars and violence in all human history.
Public banking creates at-cost and in-house credit to pay for public goods and services without the expense and for-profit interest of selling debt-securities. North Dakota has a public bank for at-cost credit that results in it being the only state with annual increasing surpluses rather than deficits.
Top 3 game-changing benefits of public banking:
a state-owned bank could abundantly fund all state programs and eliminate all taxes with just a 5% mortgage and credit card.
a state-owned bank could create in-house and at-cost credit to fund infrastructure. This cuts nominal costs in half because, as you know, selling debt securities typically doubles the cost. For example, where I live we’re still dismantling the old Bay Bridge in NoCal from the upgrade that cost $6 billion, but the debt-service costs will add another $6 billion when it’s all paid.
CAFRs (Comprehensive Annual Financial Reports) stash “rainy day” funds no longer required with a credit line from a public bank. In addition, the so-called “retirement funds” currently deliver net returns of just a few percent on good years, and negative returns on bad years (here, here). California’s ~14,000 various government entities’ CAFRs have a sampled-data total estimate of $8 trillion in surplus taxpayer assets ($650,000 non-disclosed assets per household, among California’s ~12.5 million households).
$1,000,000 of benefits per US household:
California’s CAFR data of ~$650,000 of assets per household is evidence of huge cash assets of similar magnitude in every state.
Paying the US national debt of ~$18 trillion saves ~$180,000 per household.
Ending state taxes in California to pay a budget of ~$170 billion saves each household ~$15,000, with similar savings in every state.
~$30,000 per household savings annually: the American public would no longer pay over $400 billion every year for national debt interest payments (because almost 30% of the debt is intra-governmental transfers, this is a savings of ~$300 billion/year). If lending is run at a non-profit rate or at nominal interest returned to the American public (for infrastructure, schools, fire and police protection, etc.) rather than profiting the banks, the savings to the US public is conservatively $2 trillion (1). If the US Federal government increased the money supply by 3% a year to keep up with population increase and economic growth, we could spend an additional $500 billion yearly into public programs, or refund it as a public dividend (2). This savings would allow us to simplify or eliminate the income tax (3). The estimated savings of eliminating the income tax with all its complexity, loopholes, and evasion is $250 billion/year (4). The total benefits for monetary reform are conservatively over three trillion dollars every year to the American public. Three trillion is $3,000,000,000,000. This saves the ~100 million US households an average of $30,000 every year. Another way to calculate the savings is to figure those amounts per $50,000 annual household income (for example, if your household earns $100,000/year, you save ~$60,000 every year with these reforms). This savings represents a 60% raise for every US household’s income.
Related, if the ~$30 trillion hidden in tax havens by the .01% have $10-$15 trillion from Americans, and we count the Federal Reserve report that the US top seven banks have over $10 trillion stored, then the average US household could clawback ~$200,000 to ~$250,000.
Famous Americans already on record for these reforms:
Thomas Edison, Henry Ford, and Thomas Jefferson,
President Andrew Jackson, famous inventor Peter Cooper,
New York City Mayor John Hylan, two House of Representatives Banking Committee Chairs,
Benjamin Franklin, William Jennings Bryan,
Charles Lindbergh Sr., 86% of Great Depression economists,
Please understand that I represent likely hundreds of thousands of professionals making factual claims with objective evidence anyone with a high school-level of education can verify.
The Emperor’s New Clothes obvious pathway out of these mechanics of our “debt system” is to start creating debt-free money (a positive number) for the direct payment of public goods and services, and create public credit for at-cost loans (a negative number). I have three academic papers to walk any reader through these facts; an assignment for high school economics students, one for Advanced Placement Macroeconomics students, and a paper for the Claremont Colleges’ recent academic conference:
Teaching critical thinking to high school students: Economics research/presentation
Debt-damned economics: either learn monetary reform, or kiss your assets goodbye
Seizing an alternative: Bankster looting: fundamental fraud that “debt” is “money”
Let’s examine just some of the facts of the current US economy that demonstrates its criminal status:
We’ve already documented how the global so-called “elite” 1% are now wealthier than the 99% while ~30,000 children die daily from preventable poverty in gruesomely-slow agony. Just 62 people on Earth own more than the bottom 50%.
The US .1% own more than the bottom 90%.
The top 20 Americans (.000006%) own more than the bottom 50%.
The top three public benefits of monetary and banking reform would add ~$1,000,000 to every US household. The lies of omission and commission by US “leaders” with legal fiduciary responsibility to communicate full and transparent economic data to never advise Americans of these options is a massive crime causing damages in the trillions of dollars yearly.
Our current system of creating what we use for money as debt has the so-called “developed” and “former” colonial nations $50 trillion in debt, and lying for public austerity rather than admit the option of monetary and banking reforms.
For Americans still zombiefied to “believe” in America, please embrace the reality that 40% of US children live at least one year of their lives in under-measured poverty, while oligarchs most responsible literally laugh in grandiose glee of the poverty they euphemise as “income inequality.” Please absorb this 1-minute reality check:
John Perkins’ 2-minutes of context as an illustration of what the US rogue state executes:
More game-changing economic data that confirm what we receive for economic leadership is literal criminal fraud:
decaying infrastructure getting uglier from “deferred maintenance,”
real unemployment near 25% with most families demanding both parents work longer and longer hours,
real inflation well above official reports,
US poverty of 20% among children, 40% for living at least a year in poverty,
72% of California students in schools with over half the children classified as “socio-economically disadvantaged,”
the annual interest payment of ~$450 billion for the US national debt is over four times the amount needed to invest for ending all forms of global poverty (~$100 billion/year for ~10 years).
a rigged-casino economy designed for “peak inequality,”
“too big to fail” banks demand public subsidies (so-called “bailouts”) while gambling with over $200 TRILLION in derivatives,
these “too big to fail/jail” banks deriving most of their income from subsidies and apparent market manipulations,
Daily and never-ending Orwellian criminal-complicit lies of corporate media.
US college Class of 2015 students average $35,000 in debt, with the total for 2015 graduates nearly $70 billion: more than ten times the amount from just 20 years ago. The average time to pay this debt is now 15 years (think paying until age 40).
half of US 25-year-olds live with their parents, more than twice the number from 15 years ago.
Over one million US college students are “Sugar babies”: selling sex as part-time employment. The UK has the same condition (here, here).
31% of US adjunct professors live in poverty.
15-minute video of obvious solutions: Mark Anielski and Ellen Brown’s powerful 15-minute response to an interview at the Seizing an Alternative conference (and here, with videos here) with former World Bank economist Herman Daly and co-author John B. Cobb of For the Common Good (video should start at 1:04:43):
81-minute interview with Byron Dale and Greg Soderberg of WealthMoney.org (the three of us have combined over 90 years of research on this topic)
Demand arrests of Left and Right .01% US “leaders” rather than listen to more of their bullshit
We the People have an obvious solution: lawful arrests of .01% "leaders" for the most egregious crimes centering in war and lies to start them.
This is a 1st Amendment responsibility to maintain our constitutional republic under law rather than what we've become with war: "leaders" dictating/saying what we can do completely removed from limitations of the law. Left and Right .01% "leaders" completely violate the rules, and only from public ignorance with corporate media propaganda.
The categories of crime include:
Wars of Aggression (the worst crime a nation can commit).
Likely treason for lying to US military, ordering unlawful attack and invasions of foreign lands, and causing thousands of US military deaths.
Crimes Against Humanity for ongoing intentional policy of poverty that’s killed over 400 million human beings just since 1995 (~75% children; more deaths than from all wars in Earth’s recorded history).
Looting trillions, such as the Department of "Defense" claiming to have "lost" $6.5 trillion.
US military, law enforcement, responsible citizens, and all with Oaths to support and defend the US Constitution against all enemies, foreign and domestic, face an endgame choice:
Demand arrests, with those with lawful authority to enact it. An arrest is the lawful action to stop apparent crimes, with the most serious crimes documented here meaning the most serious need for arrests.
Watch the US escalate its rogue state crimes that annually kill millions, harm billions, and loot trillions.
How military and law enforcement choose to honor their Oaths in creative adaptation to the rogue state is up to them. We the People can help with our educated voices in this Emperor's New Clothes environment whereby these crimes only persist from public ignorance.
In just 90 seconds, former US Marine Ken O’Keefe powerfully states how you may choose to voice “very obvious solutions”: arrest the criminal leaders (video starts at 20:51, then finishes this episode of Cross Talk):
Our condition requiring YOUR voice is what Benjamin Franklin predicted would be the eventual outcome of the United States. On September 18, 1787, just after signing the US Constitution, Ben met with members of the press. He was asked what kind of government America would have. Franklin warned: “A republic, if you can keep it.” In his speech to the Constitutional Convention, Franklin admonished:
“This [U.S. Constitution] is likely to be administered for a course of years and then end in despotism… when the people shall become so corrupted as to need despotic government, being incapable of any other.” – The Quotable Founding Fathers, pg. 39.
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Note: I make all factual assertions as a National Board Certified Teacher of US Government, Economics, and History, with all economics factual claims receiving zero refutation since I began writing in 2008 among Advanced Placement Macroeconomics teachers on our discussion board, public audiences of these articles, and international conferences. I invite readers to empower their civic voices with the strongest comprehensive facts most important to building a brighter future. I challenge professionals, academics, and citizens to add their voices for the benefit of all Earth’s inhabitants.
Carl Herman is a National Board Certified Teacher of US Government, Economics, and History; also credentialed in Mathematics. He worked with both US political parties over 18 years and two UN Summits with the citizen’s lobby, RESULTS, for US domestic and foreign policy to end poverty. He can be reached at Carl_Herman@post.harvard.edu
Note: Examiner.com has blocked public access to my articles on their site (and from other whistleblowers), so some links in my previous work are blocked. If you’d like to search for those articles other sites may have republished, use words from the article title within the blocked link. Or, go to http://archive.org/web/, paste the expired link into the box, click “Browse history,” then click onto the screenshots of that page for each time it was screen-shot and uploaded to webarchive. I’ll update as “hobby time” allows; including my earliest work from 2009 to 2011 (blocked author pages: here, here).
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Endnotes:
1) Of $60 trillion total debt, a conservative current interest cost of 5% is $3 trillion every year. Two trillion dollars of savings if the profits are transferred to the American public rather than to the banking industry is probably low. St. Louis Federal Reserve Bank: https://research.stlouisfed.org/fred2/series/TCMDO
2) The US GDP is ~$17 trillion. Three percent growth is moderately conservative.
3) Of the US Federal government’s ~$4 trillion annual budget, about $1.7 trillion is received from income tax.
4) Tax Foundation. Hodge, S, Moody, J, Warcholik, W. The Rising Cost of Complying with the Federal Income Tax. Jan. 10, 2006: http://www.taxfoundation.org/research/show/1281.html