This is probably the most well written and succinct analysis of the United States economic outlook, among many hundreds of articles and publications I’ve read over the last two years. This is a 15 minute MUST READ:

http://sprott.com/Docs/marketsataglance/June_2009.pdf

BUT … THERE’S HOPE – THE PROBLEM IS ALSO THE SOLUTION. Though ideally, an ideological break in the current world monetary system must eventually occur, and a return to the Hamiltonian credit system of sovereign nation-states be restored in America, I submit that the Sovereign State Solution, that Ellen Brown, myself, and others are recommending is an immediate step in the right direction.

This solution does nothing to diminish or compromise the goal of restoring the Hamiltonian credit system and propagating it across the world’s economies. In fact, it supports that initiative by planting the seeds of economic recovery here in the States – in a much more pragmatic fashion than the current Keynesian “stimulus” approach.

Neither are we advocating that States print money, as some have misinterpreted. We are merely calling for a restoration of sovereign credit at the State level. THAT’S WHAT BANKS DO–CREATE CREDIT, USING THE FRACTIONAL RESERVE SYSTEM OF LENDING. STATES CAN DO THIS AS WELL! There’s nothing inherantly wrong with utilizing fractional reserve lending as a source of credit. It’s only when fractional reserve capital requirements are abandoned and excessive speculation and leveraging occurs that we step into financial quicksand.

States own vast resources of land, buildings and infrastructure with real physical value as a capital base, not to mention incoming revenues. Those revenues are falling and that infrastructure is being stripped away by economic predation, but right now, there’s still capital from which to draw upon to create credit – without raising taxes.

You could wait for, or hope for, political factions, economists, ideologists, philosophers and poets to attempt to inspire a restoration and worldwide proliferation of the credit principles and ideals of our founding fathers. But sadly, the political will to do that in our OWN COUNTRY doesn’t even exist at the Federal level.

It’s up to YOU to take action right now, at the State level, to help us convince State policy makers to move toward a viable solution that has worked in this country since 1919, as proven year after year by the State of North Dakota, to remain economically self sufficient and enjoy the prosperity that Wall Street has always promised, but never delivered without a hefty self-serving from the taxpayer.

It’s up to you to help fuel the machinery of the State’s physical economic infrastructure, producing new jobs and getting people off the unemployment rolls. It’s up to you to help our hopelessly misguided federal policy makers to see the will of the people restored, and to see the States lead by example; and eventually I AM CONFIDENT that this plan will repair the damage of past excesses and restore our country to it’s former greatness. But it’s all up to you.

I don’t want your money, and you won’t see a barrage of banners and links to all sorts of affiliate referral programs here — I just want your support and 2 minutes of your time to sign the petition. Your children, and your children’s children will be forever grateful that you did.

You Should Also Check Out This Post:

More Active Posts: