President Lincoln saved taxpayers four billion dollars...how can we do this in 2013?

I was given a copy of this article in 1994.

After reading this article those lectures from Economics 101, 212 and Economic History sure took on a whole new level of importance.

http://www.michaeljournal.org/lincolnkennedy.htm
Melvin Sickler:

OK, so how do we apply this information in 2013 without scaring the guys on Wallstreet, who have a tendency to go out on their balconies and jump, if investors get scared....which actually could happen even if government did something intelligent!!!!!???????

 

So what is it you want our government to do exactly ? Print a new form of currency ?

 

One of the best ways that I can think of applying this information in a manner that does not scare the somewhat less than greatly philosophically and emotionally stable boys and girls on Wallstreet....is to introduce a new currency unit....perahps a Nunavut, or Yukon or NWT or Alaska Dollar....and do a series of documentary, reality and semi-reality films where many churches, synagoges, non-profit organizations and businesses cooperate on projects where volunteerism in North America is encouraged, and in a sense measured....through organized barter???!!!

http://groups.yahoo.com/group/Tate4CentralNova/message/3580

Martha Hall Findlay Visits Antigonish, N.S.


.......
Proposal for the creation of a Nunavut Dollar....to address threat of rising ocean levels

In my opinion it is going to cost trillions of dollars to do what needs to be done to protect towns like Truro, and Antigonish, Nova Scotia from the consequences of the cracking and sliding of a large part of the West Antarctic Ice Sheet and the land based Greenland Ice Pack into the ocean.

The 143,000 acres of productive farmland along the Bay of Fundy that was reclaimed from the ocean by the use of dykes is even more vulnerable because the Fundy seems to have a funnelling effect on tidal water. In my part of Guysborough County, N. S. the difference between low tide and high tide can be as little as one meter. Along parts of the Fundy, the difference can be fifteen meters or more!

The province of Alberta attempted to create its own provincial currency unit during The Great Depression but enormous pressure was exerted to ensure that their experiment in monetary policy was unsuccessful.

en.wikipedia.org/wiki/Alberta_Social_Credit_Party

The province of Quebec seems to be in much better position to create its own provincial currency unit without facing the massive backlash from the financial community and federal government that Alberta experienced. The Territory of Nunavut may be in an even better position to take action than the Province of Quebec or Nova Scotia??!!

Dr. James Hansen has stated that the last time that global temperatures rose by three degrees ocean levels rose by 25 meters over four centuries. Canada and the world are NOT yet prepared for ocean rise of one meter every twenty years.

Somewhere between thirty million to one hundred million people in Bangladesh alone will become climate change refugees in the event of merely a one meter rise in ocean levels!

........
This message posted to an Islamic group February 27, 2012, (that has since then been hidden or deleted), has the potential to utterly transform the relationship between the Islamic world and the western democratic nations!

.facebook.com/pages/scientific-miracles-of-islam/136917379667127

"scientific miracles of islam
Prophet Mohamed (peace be upon him) spoke very carefully about a scientific fact realized by scientists few years ago. He said ( God will not held day of resurrection unless Arab land returns greens and rivers again ) [Narrated by Muslim.]

scientifically, it was proved that one day the Arabian peninsula was full of greens and rivers as satellite photos confirm that there are buried rivers under the sand of Arab land , one of the great scientists of the American space agency (NASA) says that the taken photos for the desert had shown that one day this area was covered with rivers and lakes like Europe and one day in the future it will back again like the past."
.......

 

Exactly.....in a sense its value should be free to float at a lower value than the USA dollar.

Some people will be offended and think of it as a currency for second class people.....but I personally would be extremely interested in doing volunteer work for any church or other group that could earn these Nunavut or Alaska or Utah or Yukon dollars!

It has been estimated that thirty percent of the real economy of North America is volunteerism......An Alaska State currency that was valued at 77 cents could really inspire churches and synagogues other non profit organizations to deal with at least some of the social problems such as homelessness and drug addiction that afflict our cities and towns??!!

 

Our currency has value not because of backing but reputation . Only way I think anything like that would be effective is if the value was backed by real value .

 

Let's face it......just as we parents keep our kids out of trouble by attempting to divert them into something productive.....so also it would have to be a good thing to divert the attention of the Islamic nations into turning deserts green....which would fulfill Isaiah 35 as well as ancient Islamic prophecies.....which is a win - win - win scenario for all of us because plants are both a carbon as well as a water sink....and we humans all enjoy and require food!!!

The nation of Jordan would be a great place to begin something like this because they are the most likely nation to actually assist Israel in giving Palestinians a nation that they could actually be citizens of!!


http://www.youtube.com/watch?v=GdtGOY8T5XE
The Israeli Palestinian Conflict: 10 Myths Preventing Peace
Published on Mar 22, 2013

 

Excellent comment!

Yes, reputation is a significant part of the value of the USA Dollar!

But I submit that it is ultimately the productivity of American workers, combined with their relatively high levels of education and high quality technology to work with....that give people in all nations confidence that the American Dollars that they possess, can ultimately be translated into significant real value in products or services made in the USA or resold by American companies??!!

 

This may sound strange but a Utah State dollar is an idea that fascinates me.

I have talked to many Mormons over the years. The ones I met online were some of the most well read deeply religious people that I ever met. They were significantly more likely to have read The Book of Jasher, The Book of Enoch, other lost books of the Bible and even near death experience accounts than the average Christian!

Mormons were astonishingly active in assisting the people of New Orleans after Katrina. I believe that Mormons would tend to be somewhat open to the idea that perhaps many many problems facing humanity could perhaps be dealt with simultaneously???

Would a Utah State Dollar, inspire Mormons all over the USA to become even more active in volunteerism than they already are?????!!

http://www.christianforums.com/t7735229/
Unified Theory of Modern World Problems??!!

 

And only because, in a sea of bad currency, ours still floats.

 

My wife has introduced me to a world of people who certainly seem to be psychic or something like it and so....I take this dream or vision or whatever it was that Shane Warren was given about a hurricane of money rather seriously!


http://www.sidroth.org/site/News2?abbr=tv_&page=NewsArticle&id=11623&security=1041&news_iv_ctrl=1546

Guest: Shane Warren
July 9-15, 2012

We are seeing Bible prophecy fulfilled everyday on TV newscasts and in our newspapers! Wars & rumors of wars. The shaking of the global economy. The threat of Muslim extremism. Find the outpouring of God's blessing in your life as America comes under judgment. Don't be SURPRISED this comes before the Rapture. Learn how to thrive even in trying times!

 

China is trying its best to get Dr. Stanislaw Burzynski to conduct his trials there.......because one area where the American dollar is vulnerable is in the obsolete way in which cancer is treated!!!!

Officials in the USA government are worried that a crash in large drug company share prices could drive the American economy into another recession!!??


http://articles.mercola.com/sites/articles/archive/2011/06/11/burzynski-the-movie.aspx
The Great Cancer Hoax: The Brilliant Cure the FDA Tried Their Best to Shut Down...

 

Barter system is probably protected most from inflation .

 

Good point!

Up here in Canada we will pay the same level of income tax when we earn a CalgaryDollar as we would when we earn a Canadian dollar so there are major reasons why a barter company needs to keep prices reasonable!!!

 

I mean like barter between people , maybe with some sort of standard but nothing official. Can't just print barter items , they have to be found, made , earned . Good thread btw interesting stuff .

 

Thank you Oldyoungin! I first started researching this topic in 1994 but once I had my year and a half of teaching English in Quito, Ecuador where my wife is from....I was kind of frigged up and now having seen real poverty with my own eyes I am kind of obsessed with the idea of helping more people to become more informed about all aspects of this. I ran for public office three times here in Canada, 2008, 2006 and 2004:

http://www.bankingsystemsflaws.blogspot.ca

From the 2004 campaign:

 

I think governments like paper currency because it allows them to print whatever they want and spend whatever they want. When money was backed by gold or silver they didnt have the same freedom.

 

Oh dear, dreams, visions, golden plates and such.

I'm going back to PrisonPlanet

 

Unless you much more ethical skeptics can get us religious people on your side somehow......it is difficult for you to get the level of consensus necessary to achieve something much closer to full employment and a social safety net that really works.

I have been trying to convince pastors and priests that homeless people, drug addicts, alcoholics and former inmates could potentially become actors, playing the role of themselves, in a series of documentary, reality or semi-reality film projects.

There does seem to be some interest in the idea!

http://www.christianforums.com/t7701455/

North American churches should each have their own currency!
I am of the belief that each large church in North America should discuss the printing up of their own church currency unit such as has been done by a group of socially active citizens in Calgary, Canada with their CalgaryDollars.ca

Here is a good article on how important local currencies were during the Great Depression:


Whatcom Watch Online - Story Display
http://www.whatcomwatch.org/php/WW_open.php?id=717

Surely everybody who reads this article would agree that we have many advantages over the people who lived in Worgl, Austria during the Great Depression?!

If they can do it....why can't we?

Here in Canada the only problem that we have to watch out for is that we must pay the same rate of taxation if we earn Calgary Dollars as if we had earned Canadian dollars....so we have to keep our level of bartering at the point where our tax bill doesn't get to high.....but if we volunteered our time and our church earned a local currency from another church....it could be amazing where this could lead!

 

True....but in our time period where advances in technology are causing productivity to rapidly increase the real wealth that a nation can produce cannot be limited by the amount of gold or silver that it has stored!

 

But look where it takes you.... 17 trillion of debt.

 

Up here in Canada, there is a connection between our going off the gold standard with our spiralling national debt, but it is not a direct connection.

The best that I can figure out is that some brilliant but not entirely altruistic people attached a clause to the bill that took Canada off the gold standard, that ended the policy of using the Bank of Canada to put about half of the total money supply into circulation through loans issued by the Bank of Canada, to finance improvements to infrastructure and new construction projects. I am a member of Canada's Liberal Party, but I have to admit that Prime Minister Pierre Elliott Trudeau made an error when he did not recognize what this alteration in policy would do to the national debt over a number of decades!

http://www.michaeljournal.org/appenB.htm

.

 

Here is how Mr. Jack Layton, the now deceased leader of the NDP worded what went wrong:

"We never should have privatized our debt and turned it over to the
private banks, we should have kept it in the hands of the Bank of Canada,
at least a major part of it, because then we would have been paying
interest back to ourselves." (NDP Leader Jack Layton)

 

This is basically what the Federal Reserve and the Tresury Department have been doing.

 

You are correct TomFitz!

These past few years with central bank interest rates as low as two percent or even one percent....is very close to what was done through the Bank of Canada from 1940 to the early 1970's!!!!

An excellent observation indeed!!!!!!

I saw an interview on SunNewsMedia about a year ago where it was stated that when the prime rate is one percent less for one year......the federal government and provincial and municipal governments of Canada save multiple BILLIONS OF DOLLARS in interest payments in comparison to what would have been the case if the prime rate had been one percent higher!!!!!!!

 

Yes.........and there is no easy answer to remedy the situation because even a wise act by government could be perceived as unwise by leaders on Wall Street or....perhaps by the majority of us.....which translates into each administration doing what they can to leave the problem for somebody else to solve later on!!!!??

Several years ago I had read that you Americans were actually doing a better job than us Canadians because our interest rates tended to be higher so for a while we had ten times as much debt as money in the economy. At that time America only had about 3.5 times as much debt as money due to generally lower interest??!!

One other possible remedy that crossed my mind would be to calculate all interest charges on all debt in the economy and simply print that figure to finance government spending somewhat similar to the President Lincoln Greenback monetary experiment????!!! At least by doing that the levels of debt could be kept equal with the money supply??!!