During the Great Depression,
Germany addressed and solved this problem,

and while the rest of the world was catering to
bankers, investment firms, and big unions
and sliding deeper and deeper into the Depression,

within two years Germany went from the poorest Western Nation,
to the most dynamic and productive economy on the planet.

They did this by eliminating the bankers and money hoarders from the loop,
and by providing entrepreneurs who had good business plans
with the capital they needed to create jobs, products and services.

In the process Germany generated large tax revenues
and they were able to build many roads, public housing projects
public buildings and parks. (And of course a powerful, modern military machine.)

What Germany did was to issue bonds that paid
a higher rate of interest than folks could get from banks.

This eliminated the bankers and money hoarders from the loop.
( Rather than giving bankers and investment firms billions
of dollars, Germany gave the masses a safe place to put their savings,
and a good return on their savings.)

Germany then gave low interest loans to entrepreneurs
that had good ideas and good, solid business plans.

The following quote is from Heinz A. Heinz’s
“Germany’s Hitler”

“The German Government offered to meet 40 per cent
of the cost to everyone who built a house or who proposed
to carry out reparations and improvements . The result
of this step is scarcely to be believed . The building
trade, hitherto at a very low ebb, looked up and went
ahead surprisingly . And consequently so have all the
allied industries . Factories are at work day and night.”

i’m going to watch DVD of “mr. smith goes to washington” of frank capra, and maybe meet john doe, that were made in the spirit of the great depression. the first scene of john doe with the squandering of the name of the newspaper, can be applied now. a remake of those 3 movies could be good investment…

Congress isn’t listening so instead of trying to yell louder perhaps people should try to get out of US dollars. This has two effects:

A. you will have something if the dollar crashes (or even just inflates).

B. this will apply some amount of force downward on the dollar which
congress has no way to avoid other than stopping the dollar printing.

The other countries seem to be in similar shape, so the target needs to
be something else, perhaps gold/silver?

I think we have been heading down this road far longer than the last ten years and hope and pray that families and friends start rejoining and looking out for each other. We’ve become individualist and capitalist pigs (yours truly included) and are all going to suffer momentous changes to our lives no matter what financial bracket we fit into. Perhaps at some point the pendulum of moral and social values will begin to swing the other way, but I am fearful of how long that will take and how much further our values and morals will decline before we rise up and say enough is enough and accept our own hand and responsibility in our countries current situation. Our society is in denial and this is a problem that is systemic and multidimensional.

One of your readers asked you to articulate your thoughts on a solution…

I would say the very fundamental origin of a solution is for each and every person to evaluate their moral, social and financial existence and accept responsibility for their contribution to the problem and stop placing blame. Our society has lost sight of personal accountability in the choices that we make every day and we are our own worst enemies.

Keep on telling people the way things really are…we are nowhere near the bottom yet, so grab a hold of something rock-solid and hang on for dear life because individually we will begin getting back to the basics of food, clothing and shelter and everything else material will become superfluous and insignificant.