One of the problems with borrowing money for deficit spending by our government is the reality that it is the citizens who are burdened with the cost of paying the money back with interest.
The previous business cycles of our economy were much more predictable before our economy became so global.
Today, the business cycle is out of whack, along with our deficit spending, borrowing, trade deficits, and money creation theory and allocation.
We need to make some changes - we need to make them quick.
Okay so, I'd like to talk to you about this for a moment if I might.
We need to make a deal with the Federal Reserve that we should be discounted the amount of money that we have borrowed and now owe, and be forgiven for any interest payments - the amount of money we are losing in trade deficit outflows.
When that money comes back, and when the trade flows return the other way, then it can be owed, but we should not be paying interest or principal on money borrowed which is no longer running around in circulation in our economy.
In a perfect world those who have the money flowing in would have to adjust on their side.
Pinning the interest and money creation to the flow is more apropos in the global economy.
Although this is a working theory of mine in progress, I would submit to you that we are causing a terrible situation and will continue with runaway budget deficits if we keep playing the game as we are - worse it's not a zero sum game, and could easily turn out to be a lose-lose as China for instance recipient of those trade flows paints itself into an economic corner.
Likewise, with huge trade deficit issues we are inflating the rest of the world, and some of that money is coming back, but it is being used to buy up our infrastructure, our biggest corporations, and in essence our money that we paid for is being used to dissolve and erode our national strength.
That is a dangerous thing, and it's not good for anyone, especially any American.
Worse, we are giving our strength away to less-than-ethical folks in other nations who are corrupt, and are taking advantage of us - yes, I know, they are human, what do you expect.
Understood, but we need to pay attention to the flows of currency, capital, and wealth.
We need a new formula, and whereas our money creation theory works fine in an encapsulated an enclosed economy with minimal oversight, it doesn't work so well when pitted against the rest of the world in a global free-flowing market with scoundrels and cheaters, those who refuse to play the Western win-win style trade deals which could actually open up the world for free and fair trade around this pale blue dot.
It is quite evident that other nations are more corrupt than we, and are busy destroying their own economies, there is nothing we can do about that, but we can do something to fix our system using a better formula for our nation's economy and within our price system.
Please consider all this on an intellectual level, because it is not my intent to redesign the whole world, just to help everyone realize that what we are doing, currently isn't working, and since it isn't working, the American taxpayer, and their children and future generation should not be economically enslaved, because they had nothing to do with the poor management involved in the present period.
Americans should be free, and not be economically enslaved.
Please consider all this and think on it.