Letters to the Editor
-
A Bold Plan Would be to ....
Fire the Federal Reserve and reinstitute the greenback currency ... Begin Medicare for all ... and rewrite the tax code to capture corporations and the super rich.
The Federal Reserve is a private corporation that will by it's corporate charter protect their largest shareholders, the money center banks and their related investment banks, brokerages, hedge funds and insurance arms. They need to be replaced by a public central bank beholden to currency and economic stability not Bank profitabllity.
Our current money supply is generated by leveraging debt, so when the economy stubs its toe the banks take a pratfall. Leverage works to add speculation and inflation on the way up and deflation and bankruptcy on the way down. We need to implement 'greenbacks', Money that is based on the GNP , or asset money, not the debt money that evaporates during times of crisis.
Medicare for everyone would help all government entities shed their health costs to help with lowered property taxes, help citizens avoid health care bankruptcy and cover the 50 million uninsured.
And we all know the tax code is written by and for the coroporations and the super rich by tax lawyers and accountants that use it as a full employment guarantee.