Call your Banker

The "problem with capitalism" is that we don"t have it.

Free market capitalism requires a free market for capital.

We aint got one of those. Instead we have debt instruments as legal tender loaned into existence at an interest rate fixed by providing as much credit as necessary at that rate to fix it.(Federal Reserve)

The problem isn"t really environmental regs, wage disparities, or any of that stuff.

The problem, the heart of the problem, is that there"s no mechanism whatsoever in the global monetary and trade system to keep us from running trade deficits so long as the government can keep selling bonds on the global market, and the politicians aint gonna stop selling bonds (which let them spend even more money than they tax) until the people demand it, or nobody wants to buy them.

The reason we"re having trouble exporting as much stuff as we import is that the difference is made up by US dollars, T-bills, stocks and bonds going overseas, the floating exchange rate international monetary system.

Fix that, and everything else fixes itself.

All it would take is a very simple bill that says the dollar does not have to be accepted in payment of debts, that you can in fact write a contract specifying any means of exchange you choose, and the government must live within its means, since they have nothing of value that doesn"t belong to we the people to borrow against.

No more legal tender, whole new world. All of a sudden trade is self balancing, only way to get those foreign goods is to send equal value back.

Then it doesn"t matter how cheap their labor is, or how atrocious their environmental situation. They"ve still gotta buy something from us in order to sell us their stuff.

But I don't blame the president (though he ain't much of a help) nor do I blame any mega-company in particular. The problem is in capitalism itself. There are inherent bugs in its system that we really need to address. We've been going through these artificial boom-and-bust cycles now for 300 years -- you would think someone would come up with a better system for managing production.

The problem is that the state (here in MN anyway) is worried about losing livestock farming so they want to help a few millioniares start up 3000 cow dairies instead of helping the vast majority of farmers who have 60, 80, 100, or 200 cows.

When they get 3000 cows all together, the folks at the MPCA noticed that they eat and **** a lot. In their one size fits all (size nuetral they call it) world, everyone has to follow the same regulations. The guys with 200 cows are not creating the problem, but they have to jump through the same hoops. Just one more way the government helps out the rich and the corporations.

Mark

Now, perhaps the town should have been prevented from expanding in that direction????

Hum.

Our processed beans will come from China & South America. We will legislate our farming to off-shore.

--->Paul