Steps 10-15 To Restore Economic Prosperity
As promised, steps 10-15 are below. If you did not read steps 1-4 and 5-9, click here and here.
STEP 10: Immediately withdraw the United States from the BIS and IMF so that we can further decentralize our monetary supply and retake control over it.
STEP 11: Honor debt held by Non-Financial corporations in order not to blow holes in their balance sheets. However give them the option to either take interest payments on this debt as it matures or tax credits instead of it, whether it be in the form of a reduced corporate tax rate or some other mechanism. As the dollar strengthens, corporations would not feel the need to have to invest their cash to earn a return on it since the greenback itself will appreciate in value as time goes on.
STEP 12: Honor and guarantee all debt held by social security, individuals in their 401k plans or any other domestically held debt (less Federal Reserve debt) in order to keep these accounts and funds stable.
STEP 13: Outlaw government borrowing. The government will not issue treasury bonds anymore; rather it will print its own currency when taxes are not enough to cover expenses.
STEP 14: Cap spending to a percentage of GDP to control the printing of currency and maintain a target inflation of 2%. The money supply should increase only in response to population growth in order to keep prices stable. This means there will be no more budget deficits and no more inflation if employment is not fixed.
