Daily Archives: August 1, 2015


How Does Bernie Sanders Plan to Pay for all this “Free” Stuff?

The Berniementum blog has the article How Does Bernie Sanders Plan to Pay for all this “Free” Stuff?

Bernie supporters know that all this “free” stuff isn’t really free. Someone has to pay somehow. But is it true that all this “free” stuff means higher taxes? If you came here with questions, here are your answers.

This shows you what happens when Bernie Sanders cannot find a way to tell his own supporters all that he knows.

I know that all politicians must pay homage to deficit reduction and how to “pay” for programs. It is too early to let the public in on the great secret that they are not supposed to know. Our country is sovereign in its own currency. Our currency is not tied to the price of any commodity. The Federal reserve is tasked with the creation of our money. They create money by crediting money to the Federal Reserve accounts of organizations that have such accounts. It is the Fed’s job to insure that there is enough money (liquidity) to keep the economy running smoothly. Sometimes there is too little money, so the FED must create more, as they did with the bank bailouts and multiple rounds of quantitative easing. Occasionally, but not now, there is too much money and inflation ensues. The FED then cuts back on money creation, and if need be, other government agencies need to increase taxes to take money out of circulation.

I don’t know how any politician will be able to explain this to the public and still hold office, but someday, someone is going to have to counteract all the propaganda about money that the oligarchs have been spewing for decades.

If the FED can create trillions at the drop of a computer keyboard stroke, who has to pay back the money they create? What possible meaning can you attach to the word debt in the context of sovereign money creation?


STUDY: Regular People Are Totally Useless When Trying to Use Handguns In Self-Defense

Alternet has the article STUDY: Regular People Are Totally Useless When Trying to Use Handguns In Self-Defense.

A new study by researchers at Mount St. Mary’s University shows that proper training and the ability to know how and when to apply lethal force is essential to not only “stopping a bad guy” but not killing yourself and other innocent bystanders.

The situations in the article’s accompanying video are what I imagine when I hear of the idea of everyone carrying a gun. I wonder if the advocates for more wide spread gun carrying ever think about this.