ATTENTION: What if I could show you a way to fundamentally repair the credit markets, fiat currency, trade deficits and inter-state deficit precipitated by the Wall-Street Bailout?
Assumptions:
CA Received Federal Tax Dollars per Dollar Collected by the Federal Government as a Factor of 0.78 (http://www.taxfoundation.org/files/ftsbs-timeseries-20071016-.pdf)
All Taxpayers as a class are owed interest, back fees, and other endured hardships by and from (and in some cases continue to receive) those selfsame Corporations received of that Expenditure.
CA has low bond-ratings by agencies with suspect objectives and motives that limit our ability to represent the true greatness of our burgeoning sciences in CA.
Answer:
In my open letter, disguised as a book, there is the principle of the "Second Level Market," where a State in the Union, without disrespect for any other State or the Federal Powers that be, can issue a Fiat based on some principled value or ordinary credit.
What if we estimated the value of some percentage of the next five years of Orange Crop; Issued a spend-able state run currency, which could be honored and legal tender within the borders of CA, and peggable to a state trust held Option in one of the Mid-West AG markets; and retire the Bond in fifteen years.
A modest proposal, but when The Governator was holding the gun to the State employees and the IOUs were issued! That was when I had this expanded thought upon my "book."
I conclude by suggesting that this simple device be retired at the Federal Bank in Manhattan—it could be in exchange for any deficit between the two states. Or we could use it to buy the Seed Crops from Holland once Hemp becomes Legal (in 2012)!
How's that for 'easier said than done?'
I will leave it to someone who understands these things to figure if I am right, wrong, or just a misguided semi-autodidact.
Assumptions:
CA Received Federal Tax Dollars per Dollar Collected by the Federal Government as a Factor of 0.78 (http://www.taxfoundation.org/files/ftsbs-timeseries-20071016-.pdf)
All Taxpayers as a class are owed interest, back fees, and other endured hardships by and from (and in some cases continue to receive) those selfsame Corporations received of that Expenditure.
CA has low bond-ratings by agencies with suspect objectives and motives that limit our ability to represent the true greatness of our burgeoning sciences in CA.
Answer:
In my open letter, disguised as a book, there is the principle of the "Second Level Market," where a State in the Union, without disrespect for any other State or the Federal Powers that be, can issue a Fiat based on some principled value or ordinary credit.
What if we estimated the value of some percentage of the next five years of Orange Crop; Issued a spend-able state run currency, which could be honored and legal tender within the borders of CA, and peggable to a state trust held Option in one of the Mid-West AG markets; and retire the Bond in fifteen years.
A modest proposal, but when The Governator was holding the gun to the State employees and the IOUs were issued! That was when I had this expanded thought upon my "book."
I conclude by suggesting that this simple device be retired at the Federal Bank in Manhattan—it could be in exchange for any deficit between the two states. Or we could use it to buy the Seed Crops from Holland once Hemp becomes Legal (in 2012)!
How's that for 'easier said than done?'
I will leave it to someone who understands these things to figure if I am right, wrong, or just a misguided semi-autodidact.
1 comment:
The premise is that in care, nature can provide.
Earth is technically an Abundant Resource, upon which we harvest and feast.
In California, we have a multiplicity of commodities to apply and hypothecate this premise of value unto for a Social Level of currency to provide liquidity into lower tier, higher risk marketplaces.
Value premised in the currency, as a class, the currency spend able, yet underlying values discombobulated from the actions of spending.
Exchange weighted, there becomes some limited fungibility for the actual premise of legal tender within the confines of the State, so issuing.
For our state of California, our Orange Trees are famous, and really I guess I just needed to see Caddyshack and Trading Places again? April Fool's Yerself!
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