As many of you who follow me already know I have been a huge proponent of this form of money transfer to mitigate the problems we face. Its so wonderful to find things like this making all the work, research, time, effort and struggle with my own monetary frustrations worth it. The central banks already have control over interest rates as we all know and literally print money ie QE (Quantitative Easing) which recently ended. The faith based currency called fiat or Debt based (backed by no hard metals) have been loaned to banks at zero interest for years which have led to huge rises in the stock market and increased dispersion from the rich and poor. Thus what do we do with the 80% of people who really are not making ends meet with the current welfare state and capitalism? Most intelligent poor people are given such a disadvantage because of their BIRTH which means that just something as silly as giving their family more money would mean future intellectuals and entrepreneurs would literally come out of the woodwork with this policy. He is not as happy about this idea as I because like most people they feel poor people are mindless consumers and less intelligent which is ridiculous. My current girlfriends family is poor and the three kids are some of the smartest people I have ever met in my life in 31 years.
Posted on: Thu, 04 Dec 2014 03:12:07 +0000
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