As another Lame Cherry exclusive in matter anti matter.
I listen to people like Bill Cunningham ranting about the economy, and people not working, and it has little sense to me, as America is greater than an economy, but in this hocus pocus of Wall Street prop ups, the Lame Cherry wills to deal with this head on.
I am not talking about paying everyone a living wage for not working.
I am not talking about the President giving everyone a 1000 dollar check which is another waste of money.
What I am talking about is something novel, but based on American ingenuity, a Franklin Roosevelt Lend Lease, and FDIC guaranteed deposits in banks.
Coronavirus layoffs surge across America, overwhelming unemployment offices - POLITICO ∞ politico
America can not deal with this in unemployment offices for a length of time. What the Lame Cherry offers Sec. Steve Mnuchin is a Trump Doctrine on economics and it would work like this.
During the next months of dealing with Coronavirus in people not going anywhere or gathering. a second set of books would be created, which would be based upon an individuals and businesses 2019 IRS tax records. I will use this example:
An Ace Hardware loses business, and employees lose their jobs. Ace still has to pay the electric, and the state taxes etc... These bills in the Second Book would be paid by Lincoln Greenbacks or promissory notes issued by the US Treasury. It would be "fake" commerce for the summer of 2020, but the economy would still be generating the same revenues.
How this would be "paid for" is when the shutdown is over, the Greenbacks would be redeemed on the surge in production and consumption. It would be lend lease trade, without any interest or anyone going into debt.
The United States economy has not been an economy for 2 decades as it is a propped up Nazi Ponzi scheme of taxes, federal spending and welfare to people or corporations. So adding an emergency measure which the President has full authority to enact solves the bugaboo about the "economy" which I keep hearing people rant about.
This is not going to Greenback thee entire economy, as numbers of people will work from home. People will still be manufacturing toilet paper and things, so those buying surges remain as does trucking, as does most of the economy. This would do more than a stimulus package, as it costs nothing, does not stress the system, and the point in this is, people would not be allowed to go deeper into debt, but this would be a nest egg for when the shut down was over, and then that money would have them paying off other bills or their buying other things which were on hold, causing a Corona Bubble in the economy in the autumn.
This would stop all the worry about wages, jobs, and people risking infection. This is not a paid vacation, but instead a lent stipend. If the Secretary would make this that people would have a work hour debt to the government for the Greenbacks, meaning as this moved back to normalcy, that they would work a 45 hour week, instead of a 40 hour week, they would payback the time by working for it. There are numbers of clever ways from work hour tax deductions that people could have the burden nullified in a depreciation rate.
America will suffer a relapse of the Obama Super Depression. If though oil companies keep gas cheap, and people behave in not wasting money, there will be a cash reserve of hundreds of billions of dollars which will begin moving back into the economy by September spending.
To keep the economy running though there should be the 2019 books which revenues will be based on as all is smoke and mirrors anyway with Fed buying bonds and Quantitative Easing gimmicks.
In this world, the only reason problems arise, is people do not think out of the box. FDR thought out of the box. Lincoln thought out of the box and President Trump can handle this with thinking out of the box to keep the illusion of the economy running.
It is all simple.
Once again another Lame Cherry exclusive in matter anti matter.
Nuff Said
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