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World News See other World News Articles Title: Alberta's Independence and Finances I have not yet published this article. The population of Alberta is 4.9 million and Canada has 41.5 million. Canada's total public debt is approximately $1,570 billion. Since Alberta is 11.8% of Canada's population, they would to be fair have to pay 11.8% of Canada's debt ($1.157 trillion), which is $136.53 billion to depart from the regime in Ottawa. The US Treasury could create $136.53 billion in non-interest bearing US checking account money to buy Alberta's share of Canadian debt. Canada's total M2 money supply is $2,695.5 billion Canadian. The US could print $318 billion in US Treasury Notes and checking account money to buy all of the Canadian money held in Alberta. Alberta would become an independent country and use American dollars. America would have $318 billion from Albertans which they could use to buy US Treasury bonds and retire them. The US Treasury could increase Alberta's M2 money supply by 5% annually without inflating their prices. That means Alberta could spend $15.9 billion into circulation without taxing their citizens. We could do the same for the province of Saskatchewan and then for other countries around the world. This would allow us to retire debt and to cancel debts gradually worldwide which would benefit everyone and save the US dollar. To make this work we would have to repeal fractional reserve banking where a $10 deposit allows the bank to create $100 in loans. And the Treasury would have to retire all Federal Reserve Notes replacing them with non-interest bearing Treasury Notes, much like President Lincoln's Greenbacks. Depression are caused usually by the accumulation of Unpayable Debts. What we need to do is to reduce Unpayable Debts and then to replace them. That can be done by eliminating fractional reserve banking and replacing all currencies with non-interest bearing US Treasury Notes. Some nations might elect to keep their national currencies. That would be OK if they converted to non-interest bearing currencies. Wee might want to reduce the number of sanctions and to cut back on all the warmongering. Poster Comment: Comments are appreciated. I am bullish on gold and silver. We are over populated and have to import natural resources so a gold standard would be impossible as we have to run trade deficits until we don't have to import raw materials. Otherwise, it would become like De Gaulle and Nixon with the French Navy docking in NYC's harbor and loading their ships with gold. Post Comment Private Reply Ignore Thread
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