The status quo has a simple fix for every financial crisis.

1. create credit out of thin air

2. lend the credit out as if it was money in the form of an IOU and just add it to the debt pile.

The way these status quo entities increase their wealth and income is to lend this thin air credit or near free money to commoners at much higher rates of interest. Borrow from central banks at 1% and lend it to you at 4.5%, 7% or even 19% or more. What's not to like?

If a bank is insolvent, it can borrow money at 1% from central banks. If John and Jane Blow are insolvent, the only loan they can get is a high interest loan, if they can get any credit (loan) at all.

Making rich people richer doesn't fix what's broken, it only makes the problems worse. SO WHY CAN'T WE FIX WHAT'S BROKEN ?

It's a question that deserves an answer.

To me, any meaningful systemic reform threatens the entrenched, self-serving interest/elite which have an incentive to squash or water down any reform that threatens their monopoly, benefits, etc.

It's far cheaper in cash and political capital to block something then it is to push through a reform that reduces the skims and scams of entrenched, self-serving interests.

Entrenched, self-serving elites are disconnected from the real world of the commoners; they live in protective bubbles, from you-can't-fire-me job security to gold-plated healthcare to generous pensions, access to central bank credit lines-- all of which is unavailable to the commoners. As a result, they do not grasp the real problems.

The corporate media and the social media giants are entrenched interests, and so it serves their interests to ceaselessly promote the status quo.

As long as workers and materials are available and the money is added in a way that reaches consumers, adding money will create the demand necessary to prompt producers to create more supply. Supply and demand will rise together and prices will remain stable. The reverse is also true. If demand (money) is not increased, supply and GDP will not go up. New demand needs to precede new supply.

When it comes right down to it, banks are supposed to be entities that compete with each other in the making of loans in a process that supplies liquidity to the economy. Instead the banks are making too many bad loans from thin air credit that get bundled into AAA securities and sold to the public in mutual funds or some other entity for it is very profitable for the bank as long as they can sell the loan before it goes bad. Right now, way too many AAA rated securities are being repriced to a much lower price to compensate for the risk that many of these loans will be defaulted on. How have we gotten to this point where banks lend out thin air credit as if it was money by turning it into an IOU, then sell it to the public for them to take the loss. Why is it that a home owner can't short his house, but a financial entity can by shorting the security the loan is bundled into?

The SOLUTION to our financial problems is simple. Bring honest money into circulation in debt free form. Why can't we do that? WHY CAN'T WE FIX WHAT IS BROKEN? Right now the debt **** is hitting the fan, and nobody is doing nothing to solve it.

There is an endless list of concerns, be it China's slowing growth, the EU slowdown, trade wars, the president berating the Fed, a slow down in the US economy, and so on. We know China and the EU are struggling, but now the markets are in panic mode because the US economy is also struggling. The US real economy keeps contracting, while debt keeps increasing, thus global capital markets are in the sell mode. Making things worse is the turmoil in Washington. Investors are losing faith because Trump is turning into the type of president many always feared he would be: unrestrained and unpredictable. Trump loves to use fear mongering to show how tough he is, but ends up making a fool of himself instead. Why can't we fix what is broken? Total debt on the books is north of $80 Trillion in the USA alone, and there is $2.7 Trillion available to pay it with, and half of that is overseas.

Who is John Galt?

Hence why bitcoin was suggested. You cant print more of it.

Where is the bunny with the pancake when you need it?

John Galt is a character in Ayn Rand's novel Atlas Shrugged (1957). Although he is not identified by name until the last third of the novel, he is the object of its often-repeated question "Who is John Galt?" and of the quest to discover the answer.

To me right now John Galt so called is our secretary of the Treasury who made his money as a so called investment banker so called, which is just another term for legal looting by blowing bubbles that get shorted. Right now the money is made on the short side. Hopefully this will be short term, but I have this feeling it is going to be long term. Hopefully they can just cut the US$ value in half to reduce the value of our debt, and then continue the debt scheme like we have been for decades.

Why not send these queries to your politician?
They are paid to figure it out.

Just the opposite is true. They are not paid to figure it out. They are paid to make sure we the people don't figure it out. They are there to work for people who have money, not those that don't. Just look at what Trump is doing. The truth of the matter is that basically everyone wants to enrich themselves, even if it means at the expense of somebody else. The trick is to learn to create your own credit, lend it to yourself, which enables you to make the payments to yourself, thus the first payment makes the second payment and the second payment makes the third payment and so on. There is no way in hell that our elected so called representatives are going to help people to help themselves. There is no money in it for them.

A little bit off subject here = ever since I changed my profile to charge to get to know me, I am having a lot better luck. I finally figured it out that this website is basically a commercial website, and to have any luck, one has to flow with it, not against it. Same applies to what the elected representatives are doing. They don't do nothing unless there is something in it for them, even if it means destroying the country financially. That is what they are doing. That is not what we elected them to do.

Chris, I think you have some things right, and not others.

One thing I suggest for you to consider, is why central banks and others switched to the use of fiat currency. There is a good reason for that, and one that is more involved to change, than most opponents of fiat value recognize.

Basically, if we wait to make currency available until AFTER value/wealth has been created to support it, the overall economy will have to slow down to the point where wealth is not needed in order to sustain the lives of the people in the society. Birthrates in particular would have to be reduced to only a tiny bit above replacement levels, or there will not be enough wealth available to allow for cash to flow freely enough to pay for food for everyone.

Currency has to be created in ADVANCE of the labor performed to support it, because human beings have to be created to do the work, and that takes a very long time.

I quite agree with you, that a lot of entirely FAKE wealth is being permitted, but basic fiat currency policies are not the problem. The problem is more that too many people are allowed to "create" increased money by means of simple manipulation of fiat cash values, without ever creating any actual wealth in return. As you say, when banks receive cash to lend at very low rates, and then require vastly higher rates of return from those they lend it to, that puts the burden of creating that vast increase in wealth on those who can only create wealth through their labors. That is made vastly harder, by the simultaneous demand that all labor be paid for at extremely low rates, while non-productive shuffling of fiat values, is paid at a very high rate.

Exchange of currencies is a necessary task, but when it is done, no ACTUAL wealth is created in the process. Anyone who profits significantly from playing games with exchange rates, over and above the amount of work required to make the physical exchange, are adding to the problem of FAKE wealth.

The mess that came apart in 2008, was caused directly by a tremendous amount of FAKE wealth being bought and sold, by overvaluing both future labor, and worse, future value of property. When it was recognized that most of the wealth being used to fund the economies of the world was fake, it fell apart, and we suffered the near total collapse we all saw.

This is why the current Republican ideas of how to run an economy are so dangerous. They genuinely believe that wealth is created by investment, not by production. And even worse, they genuinely think that intelligent and logical businesspeople will expand their businesses, and produce more, regardless of whether or not customers buy anything that the businesses do produce.

Finally, as long as real costs of production are ignored, or shifted to future workers to pay, even more fake riches will be created, that will again end up vanishing in an instant. The real costs, however, will not vanish, they will increase the burdens on real production, until real production becomes impossible.

The solution is to require that all real costs be paid for, before profits are declared in any business exchange. There will be much smaller profits that way, but the production will sustain growth in a stable fashion, without the false booms, and the all too real crashes as the bills for the booms come due.

I'm no literary authority, but I'm pretty sure your idea of John Galt is EXACTLY the polar opposite of the character Ayn Rand created. Kudos. Perfection is not often achieved.

Chris, may I suggest that you and Charles get together for coffee sometime. Not all of us think the way you do.... it would surely give MY mind a rest if you did.

Well, everyone has their own experiences. My personal experiences with politicians ( 1 Dem and 1 republican, both senators) on two totally separate issue and two different times in my life were positive experiences. They listened to my dilemma ( one was a V.A issue with one of my sons, the other a dangerous issue with a main road in my county.

And in both cases they immediately looking into it and did something about it. No fanfare, no mention in the press, nobody outside of me ( and the people in high places they spoke to) really knew.

And I am just a regular guy.

Not saying all of them are like that, just my experiences.

I have no idea who this Charles is.

The irony that quantitative money for Wall Street has been good for Wall Street but not for Main Street should not be lost on any one. Why is Main Street on what remains to be to this date, the the worst postwar economic recovery in US history. It is because the too big to fail banks are in fact a failure to this country. Right now the to big to fail banks can't wait to short stocks and bonds. Right now they want to raise interest rates to short their own financial markets and the Fang stocks. Just look at what happened today. Ever more shares in long position are being traded for shares in short position. Why? Because it turns out that 70% of what we import from China is made by American corporations operating in China. Made in China means made in China of which 70% is from our very own manufactures who have exported our manufacturing base to China. Guess what is about to happen to the coming earnings in 2019 from those entities operating in China? By this time next year, our financial well being is going to be a lot worse.

This reminds me when Trump companies were listed on Wall Street. Those shares went from over $30+ a share to $0.30+ a share. The house made all kinds of money on those shares in short position. Almost all penny stock entities raise money by issuing shares in short position. Now it is even happening on all major stock exchanges. All made possible by the removal of the Glass Steagall Act, In 1933, in the wake of the 1929 stock market crash and during a nationwide commercial bank failure and the Great Depression, two members of Congress put their names on what was known today as the Glass-Steagall Act. This act separated investment and commercial banking activities. At the time, like now "improper banking activity," or what was then overzealous commercial bank involvement in stock market investment, was the main culprit of the financial crash. All of this is all about to happen again for the very same reason, just that now it is in a more modern form as in so called financialization which is another word for presdigious (SP?) of distinction screwing.

Never in all history of mankind are we so unprepared. Just a little self sufficiency is going to go a long way in the future. Debt is not a nutritional food source. Debt is not a home to live in. Debt is not a vehicle to drive with.

LOVE THAT RABBIT !! I WANT ONE OF MY OWN.
Chris, Charles runs his own thread on Trumpland.

Six men made major bank in the stock-fall of 1929. Most will NEVER know of this. The money trail has to be followed. Most don't care. Most will never look past the landscape in the fore-ground to see the dirty wall, and dirty happenings behind the scenes.

Yeah......eventually, the meek really will inherit the earth,..... but only,.....only after the bullies destroy it.

but.................... a balloon is good for the soul.

Good post.^
The globalists will never really win or ever be in complete charge, because they are only operating on the field of thought. Their methods are never the real truth, thus all we have left is a continuation of the process of evolving of humanity. Periods of (that is coming) oppression followed by periods of some freedom, followed by periods of more oppression, and so on. Yet always a bit better than the last time. I'm sure the serfs of today are much better off than the serfs of the past feudal system as experienced in England. It is the timeline of humanity trudging laboriously on the experience being experienced. The very progression of values most of us exist on.

Now that I don't milk cows anymore, I got more time for deep thinking. Looking at all past financial bubbles, one can see that they are created to be shorted. Same applies to the financial bubble we live in today. All balloons or tires will go flat over time. On a long enough timeline, the survival rate for everyone is zero.