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Steve Hummel's avatar

If the government is truly monetarily sovereign...why does it need to tax at all? The answer of course is inflation which The FED is (supposedly) mandated to control, but a closer look at The Fed (and the entire monetary system) is that The FED's charter is actually designed to make the world safe for private banking...whose monopoly paradigm of DEBT ONLY is THE PROBLEM.

So how do you actually control, no END inflation? Two things:

1) You amend The FED'S charter to create monetary gifting in other words distribute MONEY NOT DEBT at retail sale with a policy of a 50% Discount/Rebate at that point thus implementing beneficial deflation.

2) You do an honest calculation of inflation and allow it be 2-3% per annum while indexing the retail discount to 52-53% and then tax enterprise at a rate of 100% on any revenue they may get over the 2-3% allowed increase. The FED can still create reserves and banks can still create debt of course, but its rate of increase is greatly reduced by the paradigm changing supplemental accounting operation of a monetary gifting policy at retail sale.

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