straight talk

100 Trillion Bank Note, Worthless Paper Currency, Sound Familiar?



Posted: Sunday, January 18, 2009

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What caused this worthless paper? Well if you do not know you will never know. It is about a government out of control, no resources, or work for their people and all they could do was print worthless paper. Yes they printed and printed and printed more and more until now they have a "dollar" worth 100 trillion. Yes and it is useless before it even hits the street.

Never happen here you say, well suck it up I agree, but it does not mean the dollar will be viable as currency any longer. What is does mean in there will have to be a system and a new currency if the bottom falls out. Rhetorically how much can we print before that happens?

Well of course no one wants to hear it. Of course many are worried. Yet sticking your head in the sand will not change reality. Hoping while all around you the house burns will not help you. No help will only come when we demand it come. When you look for the exit and find it.

I have no problem with people making money, being wealthy, obtaining the best this world has to offer. I only have a problem when it crushes, destroys, abuses, exploits others to gain that. So let's get away from who has and who doesn't and lets look at what must be done.

The first question is do you want the United States to remain a Republic and under this economic system? We are well into being a Socialist system. Do we want to continue that? perhaps it is what the young want. After all it is their world. Yet do they really know what that entails, really?

The next question is how do we make change to maintain our way and lost standard of life?

Well the hard reality is We the People must accept truth, reality of what is happening. Once accepted then we need to unite to make change. We need to bring pressure upon our government. We need to penalize those who would give away, sell or destroy our nation for self gain and ambition that destroys others. We must help our president elect to succeed. We do this via a noise heard around the world. It is called VOICE. Use it, express it, shout it, make them know and do it now!

We can also do the following if our Congress will act. We all have known we must get a handle on housing foreclosure, period. We do this by readjusting every single home value across the board. We reduce mortgages to that value at a fixed rate. We allow the write off to the lender as they get anyway.

We do not continue this wasted bailout scheme. We let the banks and lenders go through bankruptcy as we all do.

We change the bankruptcy to allow for a fair and equitable repayment policy.

We eliminate usury immediately.

Now will we, that is We the People have to bite the bullet on this , certainly. Yet a fair share must be assumed by all parties. Therefore a percentage by the tax payers and by the lenders is appropriate. Now to minimize this impact to We the People as the equity in the home grows, that portion, up to but not to exceed the original borrowed amount less fees, penalties, interest, refinance will revert to the government upon sale. This would be protected by an insurance policy paid for by the lender and borrower, insuring this difference is paid in the event the home is sold short of the original amount. As this is paid back the lender will be responsible for that difference and pay taxes accordingly, since their write off is now minimized with the equity and sale. Of course the details will need to be worked out, yet this is do able and now with very little effort.

What are the benefits? It will stabilize investment, motivate sales, free up credit and place real dollars into the hands of millions. Those unemployed will be handled with investment in American business, with emphasis on taxing any business who has more then a combined 70% of their business be it manufacturing, technology, assembly or industry as well services and people off shore.

So if you like it pass it around. Call, motivate these who we call leaders. Now in my opinion I can tell you this, they won't like it. It is anti Global and All American. I for one expect nothing that will

change this unless we the people want it changed.

Robert T. Melaccio Sr. 2008 Copyright 2008 Robert Melaccio Sr.



Robert Melaccio Sr. has worked in the computer industry for 40 plus years in a diversified business and managerial environments. He enjoys freelance writing, giving seminars for young adults and teen groups as well as being an accomplished award winning poet of published poetry. He has worked teaching and as a youth minister. He is married and has three children and three grandchildren.

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