The Solution to the Crisis
Now that the new stimulus package has gone thru Congress, it will help the economy but will it be enough to pull us out of this downward spiral. Doubtful! What will stop this spiral and then expand the economy. The answer relatively simple. It is three to four programs. They are: 1. reverse the collapse and revive the residential housing industry. 2. Cease the monopoly of the banks on monetary creation-financial restructure 3. Implement Obama’s Environment and Energy programs.How: 1. Provide by money creation 30 to 40 year fixed loans at 1 to 4% for all with priorities to foreclosures and first time buyers. 2. Review my monetary solution on the home page for the monetary alternatives to banks. 3. Pass legislation and fund on the fiscal side the environmental and alternate energy programs.This will do it by stimulating our most important industry and evolutionary change of our monetary system.If you want more information and discuss implementation and the pro and cons, just ask on the blog.