DennisPTate
Gold Member
- Nov 6, 2025
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A joke that is being played on ninety nine, point nine, nine percent of Americans by a tiny group of extremely wealthy and influential people and the owners of BigMedia and BigOil who cooperate with them?
Economist Milton Friedman gave the key to paying down the National Debt of the United States Rapidly,
an Unconditional but Taxable Basic Minimum Income Supplement that is at the same rate, [the same number per month], but it is Unconditional and not based on your income last month or even last year, [which means that little or no bureaucracy or dishonest bureaucrats are needed to make this work].
Here is the way to finance all of this:
And here is the goal that Economist Milton Friedman told us would be the key to greatly increasing the productivity of Americans by no longer rewarding lethargy and punishing productivity.
We must come to a better understanding of this topic now because Artificial Intelligence and robotics will likely cause twenty, thirty or even forty percent unemployment over the next two or three decades.
Economist Milton Friedman gave the key to paying down the National Debt of the United States Rapidly,
an Unconditional but Taxable Basic Minimum Income Supplement that is at the same rate, [the same number per month], but it is Unconditional and not based on your income last month or even last year, [which means that little or no bureaucracy or dishonest bureaucrats are needed to make this work].
Here is the way to finance all of this:
Abraham Lincoln is assassinated
Abraham Lincoln was elected President of the United States in 1860, under the promise of abolishing the slavery of the blacks. Eleven southern States, favourable to the human slavery of the black race, then decided to secede from the Union, to withdraw from the United States of America: that was the beginning of the Civil War (1861–1865). Lincoln, being short of money to finance the North's war effort, went to the bankers of New York, who agreed to lend him money at interest rates varying from 24 to 36 percent. Lincoln refused, knowing perfectly well that this was usury and that it would lead the United States to ruin. But his money problem was still not settled!
His friend in Chicago, Colonel Dick Taylor, came to his rescue and put the solution to him:
“Just get Congress to pass a bill authorizing the printing of full legal tender treasury notes, and pay your soldiers with them, and go ahead and win your war with them also.”
This is what Lincoln did, and he won the war: between 1862 and 1863, in full conformity with the provisions of the U.S. Constitution, Lincoln caused $450 million of debt-free Greenbacks to be issued, to conduct the Civil War. (These Treasury notes were called “Greenbacks” by the people because they were printed with green ink on the back.)
Lincoln called these Greenbacks “the greatest blessing the American people have ever had.” A blessing for all, except for the bankers, since it was putting an end to their racket, to the stealing of the nation's credit and issuing interest-bearing money. So they did everything possible to destroy these Greenbacks and sabotage Lincoln's work. Lord Goschen, spokesman of the Financiers, wrote in the London Times (Quote taken from Who Rules America by C. K. Howe, and reproduced in Lincoln Money Martyred by Dr. R. E. Search):
“If this mischievous financial policy, which has its origin in North America, shall become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. That Government must be destroyed, or it will destroy every monarchy on the globe.” (The monarchy of the money lenders.)
First, in order to cast discredit on the Greenbacks, the bankers persuaded Congress to vote, in February of 1862, the “Exception Clause”, which said that the Greenbacks could not be used to pay the interest on the national debt, nor to pay taxes, excises, or import duties. Then, in 1863, having financed the election of enough Senators and Representatives, the bankers got the Congress to revoke the Greenback Law in 1863, and enact in its place the National Banking Act. (Money was then to be issued interest-bearing by privately-owned banks.)
This Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes. Lincoln heatedly protested, but his most urgent objective was to win the war and save the Union, which obliged him to put off till after the war the veto he was planning against this Act and the action he was to take against the bankers. Lincoln nevertheless declared:
“I have two great enemies, the Southern army in front of me and the bankers in the rear. And of the two, the bankers are my greatest foe.”
Lincoln was re-elected President in 1864, and he made it quite clear that he would attack the power of the bankers, once the war was over. The war ended on April 9, 1865, but Lincoln was assassinated five days later, on April 14. A tremendous restriction of credit followed, organized by the banks: the currency in circulation in the country, which was, in 1866, $1,907 million, representing $50.46 for each American citizen, had been reduced to $605 million in 1876, representing $14.60 per capita. The result: in ten years, 56,446 business failures, representing a loss of $2 billion. And as if this was not enough, the bankers reduced the per capita currency in circulation to $6.67 in 1887!
William Jennings Bryan: “The banks ought to get out”
[Alain Pilote]
Chapter 49 — The History of Banking Control in the United States
This fight of the International Financiers to install their fraudulent debt-money system has been particularly vicious in the United States of America since its very foundation, and historical facts show that several American statesmen were well aware of the dishonest money system the Financiers...famguardian.org
And here is the goal that Economist Milton Friedman told us would be the key to greatly increasing the productivity of Americans by no longer rewarding lethargy and punishing productivity.
x. The Distribution of IncomeFriedman examines the progressive income tax, introduced in order to redistribute income to make things more fair, and finds that, in fact, the rich take advantage of numerous loopholes, nullifying the redistributive effects. It would be far more fair just to have a uniform flat tax with no deductions, which could meet the 1962 tax revenues with a rate only slightly greater than the lowest tax bracket at that time.
xi. Social Welfare MeasuresThough well-intentioned, many social welfare measures don't help the poor as much as some think. Friedman focuses on Social Security as a particularly large and unfair system.
xii. Alleviation of PovertyFriedman regarded welfare programs as misguided and inefficient. To replace them, he advocates a negative income tax, giving everyone a guaranteed minimum income.
xiii. ConclusionThe conclusion to the book centers on how, time and time again, government intervention often has an effect opposite of that intended. Most good things in the United States and the world come from the free market, not the government, and they will continue to do so. The government, despite its good intentions, should stay out of areas where it does not need to be.
Capitalism and Freedom - Wikipedia
en.wikipedia.org
We must come to a better understanding of this topic now because Artificial Intelligence and robotics will likely cause twenty, thirty or even forty percent unemployment over the next two or three decades.
