JCT: Too bad Ron Paul Jr. (B.J. Lawson) can't talk Ron Paul Sr.
into running a time-based community currency on his supporter
databse to solve the nation's poverty problem. I was over at
http://www.dailypaul.com/node/92236 to find this story:
Economic Casualties Pile into Tent Cities
Posted May 7th, 2009 by Michael Nystrom
Multimedia presentation at USA Today - 9 Pictures
Article - Economic Casualties Pile into Tent Cities
Snip:
>Marshall is among a growing number of the economic homeless, a
term for those newly displaced by layoffs, foreclosures or other
financial troubles caused by the recession. They differ from the
chronic homeless, the longtime street residents who often suffer
from mental illness, drug abuse or alcoholism.
>For the economic homeless, the American ideal that education and
hard work lead to a comfortable middle-class life has slipped out
of reach. They're packing into motels, parking lots and tent
cities, alternately distressed and hopeful, searching for work
and praying their fortunes will change.
>"My parents always taught me to work hard in school, graduate
high school, go to college, get a degree and you'll do fine.
You'll do better than your parents' generation," Marshall says.
"I did all those things. . For a while, I did have that good
life, but nowadays that's not the reality."
Kindling for the Revolution, friends. People only change when
they're forced to, and the growing number of homeless are being
forced to wake up to reality.
JCT: The reality that their poverty could be engineered almost
overnight? Say every person including children open a timebank
account on Ron Paul's computer with a 2000 Hour credit line worth
$20,000 U.S. Greendollars and send:
- 500 Hours ($5,000) to municipal government in pre-paid tax,
- 300 Hours ($3,000) to state government in pre-paid tax,
- 200 Hours ($2,000) to federal government in pre-paid tax,
Then offer to work for any level of government that has those
newly-created credits each and everyone one of you created
yourselves. Oh, by the way, keep:
- 1000 Hours ($10,000) to rent or buy an interest-free house.
You'd be amazed how little a house costs when you only pay for
the depreciation on the house and not the interest on the money.
Now if you were all really smart, you'd trust everyone with a 10-
year 20,000 Hour ($200,000) credit line and:
- send 5,000 Hours ($50,000) to municipal in pre-paid tax.
- send 3,000 Hours ($30,000) to state in pre-paid tax.
- send 2,000 Hours ($20,000) to federal in pre-paid tax.
- keep 10,000 Hours ($100,000) of financial cushion to work with.
Local, state and federal governments will really be able to put
a lot of people to work at doing useful stuff if you trust that
each individual can redeem 10 years' worth of owed time over a
50- or 60-year career. I certainly would. And if they have any
they can't use, they should make the banks accept it and pay down
their debts.
In an ideal world, each fetus would be granted at least a 60-
Year but probably open credit line with society's maximum
resources at their command. But that'll be the financial system
the day we call dirt (Earth) "Eden" again.
No more TV begathons for each of the myriad diseases when each
person has an open credit line for medical care, open credit for
food, work-clothes, accommodations but a restricted credit line
for yachts unless there's a yacht no one wants to buy so you can
have it if you can stand being billed for the depreciation.
Of course, giving everyone 60 Years worth of time-credit would
permit pre-paid taxes to probably pay off the national debt,
state and municipal debt. The rich get paid, the poor stop paying
interest.
So pre-paying taxes with new community currency gives your
community, state, nation, the currency it can use to give you a
job and multiply jobs in the private sector with great velocity.
What smarter legacy could Ron Paul invest any contributions that
may remain than to use them not to get re-elected but to
establish a national community currency everyone can then use to
contribute to getting him re-elected in time-money, forever.
Love the man but when it comes to currency systems, he's got to
be brought into the 21st century and accept that time is as good
as gold. Time is money.