Thursday, October 3, 2019

The head on collision

The New Fed contract stipulates a semi random sequence of government defaults. The 14th on sanctity of debt for bis that.

We are, so far, fucked on this.  Nothing I can think of avoids a shit load of lawsuits. The idiots who wrote the 14th over rode the Right to Coin. If the deal was construed as a sale of Fed powers for some sum of money, under market conditions. If the New Fed foundation simple offered to pay 8 trillion over 15 years, in exchange for the right to coin. A solid 2/32 vote in the Senate makes that a value trade, not a default.

But we will still get a shit load of lawsuits and a 100 year debate about our stunt. It is a mess, a foul mess.

Another solution.  Get the wealthy to voluntarily put up a tent,h 800 billion, in commitments. This makes the value trade, makes it a labor contract with value received in the form of purchased and cancelled government debt. From the wealth perspective, hey get a great return they are permanently cleared of back due monopoly fees. They two a two point productivity increase, counting government agencies and endogenous tech gains within the New fed. And, as a bonus, they get the adjustment act.

Like a humongous venture capital deal with some very large potential gains.

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