I see the gold flaw, but it could not be wired out of the country. Illegals now export our money. Western Union checks nothing, banks do. Leaving the country involves metal detectors, Customs forms asking how much money you are taking out. With gold at $20,000 a pound, a million weighs fifty pounds, and a billion 50,000 pounds.
An international dollar keeps trade going, and being the reserve currency for the world. All legal dollars will be exchanged for new international dollars, Bank and Government Reserves, and all other dollars will become worthless after a period of exchange.
Keeping drug money from leaving the country also promotes money laundering here. It still forms a gateway to moving a few hundred billion offshore.
We deflate the value of our money through things like bailouts, QE2, which devalues international bank and government reserves. We export inflation.
Those are domestic programs. Two currencys, one with a stable long term international value, and one at home that can be inflated to pay for domestic programs. It is not quite the old gold standard, but it can be the world trade dollar.
A domestic currency can inflate, increase the money supply, Which while being worth less does bring mortgages out from underwater, and can produce the employment we need to get consumer spending going.
Exchanging domestic for international does bring questions, how earned, taxes paid, through banking channels. Domestic would be worthless out of the country. Illegals and drug profits would have problems.
The Government has run up debts of five years income, which now exceeds annual GNP. This can cause hyper inflation, till all the money becomes worthless. The US going bankrupt crashes the world. Then we will have a new national currency, that no one would take.
Two tier, stops the flow of illegal money, restarts our economy without placing the cost on those who bought our debt, and assures that we can pay our international debts. A stable world reserve currency is best for everyone.
A shortened workweek, a social safety net for Citizens only, obstructs the flow of money out of the country. We will return to the long term cycle of full employment, rising real wages, with a lower cost for prisons, drug treatment, and free medical care for people who should not be here.
I also favor a assured minimum income for all Citizens. It does away with Welfare, Food Stamps, WIC, SSI, and will allow some people to sit on the porch and drink beer. It will put those ex government workers in a new job somewhere, more productive I hope. It will phase out as they earn income, with the rates set so it is better to work. It will be a National ID Card, without saying so. A Citizen Benefit Card.
Unemployment insurance should be just that. Not a trade displacment program, which should be a cost of moving jobs out of the country. Those who pay in should earn benefits, and those who pay for longer should get more. Now it is all the same if you were employed for a year, five, ten, twenty, an insurance program should take into account the differance, and have higher payments, longer terms, for those who have been long term workers. They paid for themselves, not everyone.
When the Mob ran the numbers racket they skimmed 10% and paid out 90%. Now the States run it, pay out 50% and taxes the winners 70%. In good times the States pocket the unemployment, in bad times put the cost on all future workers. These people are not nearly as honest as the Mafia.
Keep the money in the country, make it impossible for illegals to live here, give an income to every Citizen, and a Citizen Benefit Card, needed to seek employment, rent property, open a bank account, and do what it takes to have full employment and a living wage. Consumers will revive the economy. It will cause domestic inflation, houses will become affordable, there will be buyers, and prices will go up. People can plan on a future.
Most of the cost of this goes directly to the poorest, they will spend it. Their children will be fed, educated, wear clothes, which is all good for our future. It will be good for Main Street, consumers with money, and will produce confidence in the future, something we are lacking.
Life will become harder for illegals, drug runners, illegal drug runners, people who ship untaxed money out of the country, and they will deport themselves. That is 20,000,000 and hundreds of billions of dollars a year, one will be gone, the other will stay.
We do not have to do anything to anyone, except Citizens, who get benefits for being Citizens.
22 Jun 2011, 1:48 am
