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Many current social problems are rooted in flawed monetary
concepts. Correcting those flawed concepts will lead to a more moral and
almost costless solution of correcting those problems.
- All currencies,
regardless of form or substance, represent debt,
not wealth. Currency
represents an unfinished exchange of wealth.
- Because all currency represents debt, new currency can be created
using a concept called virtual
wealth. Virtual wealth is defined as:
Potential wealth to be created through future production and assumed
to currently exist for accounting purposes; wealth that could be
created provided all requirements for its production existed.
- The physical individual units of currency belong to somebody, but
monetary systems belong to nobody in particular; thereby making
monetary systems—like languages—a true
public utility. Flaws in the current model means few of the
benefits of ownership of monetary systems accrue to the true owners—the
working public, a situation remedied by new
equations eliminating inherent instability and inequity; thereby
allowing workers to keep more of the wealth they produce.
A legislative proposal written to correct those flaws, The
National Economic Stabilization and Recovery Act (NESARA), is built
upon these three monetary concepts.
NESARA improves social justice by selecting moral rules over political
and “ethical” rules of conduct, thereby promoting an honest
distribution of the benefits of living in modern societies. Under NESARA,
the majority of working families retain a larger share of the wealth they
produce. The driving principles behind NESARA is that all people—regardless
of race, sex, creed, beliefs—have an inalienable, irrevocable,
inseparable right to their property. NESARA was written with one
straightforward goal in mind: establishing the American Dream as a way of
life—internationally.
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