Prospernomics Video script71703

  There is nothing more important to the people of a nation than the integrity of its economy. 

Look at these children who will inherit the corrupt economy you are leaving them.

Are you or someone you know having a rough time financially?  Are these kids going to have the rough time you are having?  Are you having trouble paying for the necessities of life?  Will these kids have the same trouble?  Are you not able to pay adequately for food, clothing and shelter?  Will this boy?  Are you having difficulty paying for school or medication?  If you don’t do something he will have the same difficulty.  Do you have hungry children you can’t feed adequately?  Will this boy’s kids go hungry?  Is your mortgage payment late or are you in foreclosure?  Will this young man end up in foreclosure?  Do you work hard and still find there is not enough money for all the bills?  He will too if YOU don’t do something about it.  Does this sound like you or someone you know?  Did you ever think to ask why?  Why are your finances difficult?  Did you ever think it may not be your fault?  Could your financial problems have anything to do with the economy?  I am here to tell you it is not your fault.  Our economy is corrupt.  Our economy is not giving you a fair shake.  In the next few minutes I will show you how and why the economy is corrupt and why you are having money problems that are not your fault.

In an honest and healthy economy there must be a balance of supply and demand.  Supply is production and demand is consumption.   In the best economy consumption will always equal production.  When there is a recession we always blame overproduction.  We say there are too many goods and services for the demand for those goods and services.  Maybe that is not true.  Could it be that maybe there is not enough money in circulation to buy those goods and services?  Could there be more goods and services out there than there is money to pay for them?  Maybe.

The wealth of a nation is the total of all goods and services.  This is the marketable wealth.  For an economy to be healthy it must be free from recession.  To be free from recession there has to be enough money in circulation to buy all the production.  What good is production if there isn't enough money to buy that production?   Well, how much money should be in circulation to maintain a healthy economy?  There must be enough money in circulation to buy all the goods and services available if we are to have a recession proof economy. But, avoiding recession is only a small goal.   The more important aim is to have the economy grow as quickly as possible to effect the greatest good to the greatest number of people.  Yes, to grow the economy and stop recessions we need to have a money supply big enough to buy all the production.

Doesn't that tell you that the total of goods and services available, the marketable wealth, should always equal the money supply?  Of course it does.  The money supply must equal the total wealth of the nation.  When ever the money supply is less than the total wealth of the nation a recession can and will occur and growth will stop. Welcome to Prospernomics.  Prospernomics is a scientific method that will maintain a growing, thriving, robust, healthy and prosperous economy by making consumption equal to production forever.  How will Prospernomics do this?  An economic system is no different than a machine.  Let's talk about machines.  No one likes an engine that doesn't run well.  Good machines are machines that are trouble-free.  The best machines are the machines that run perfectly without human interference.  Automatic elevators are a good example of good a machine.  Right now our economy is like a car.  It is driven by many, many different special interest groups down questionable roads and it is, more often than not, steered out of the public interest at a huge cost to that public.  Our economy, given the proper programming, is best run like an automatic machine.  To be run fairly so that everyone is on an even playing field, our economy must be controlled by law and not people.  Allowing people, anyone, to control, to manipulate, to adjust, or in any way to tamper with the performance of the economy can only guarantee disaster.  We have seen enough economic disasters. 

When the economy is good we call it a boom.  When the economy is bad we call it a bust.  Some people call this the business cycle.  There really is no such thing as a business cycle.  It is only the unfair manipulation and tampering of the money supply by special interest groups that creates booms and busts.  Neither has to exist.  Given certain scientific, logically and carefully planned programming the economy can run perpetually in a prosperous mode and never suffer the setbacks of recession and depression.

We can devise an economic system controlled only by sound economic principles. By law we can prohibit any meddling with the economy by any person, any corporation, any government agency or any other entity.  We can put an end to economic hardship for everyone forever.  Such a system is Prospernomics. 

In a word the economy is trade.  There are only two ways to trade: exchange by barter or exchange by money.  There is so much talk, silly talk, about the gold standard, about the dollar backed or not backed by gold and silver.  This is nonsense.  Such talk is nothing more than a diversion.  To say the dollar is not backed by gold is a lie.  Anyone can buy $100 worth of gold for $100.  Arguing that we need to return to the gold standard makes no sense at all.  We are on the gold standard.  If you want to exchange your dollars for gold there is no one to stop you.  The only difference between having gold backed currency and Federal Reserve Notes is who sells the gold.  When money is backed by gold the bank sells you the gold.  When money is not backed by gold the gold dealer sells you the gold.  There is no difference between gold backed currency and Federal Reserve Notes.  Gold has no logical relation to value and the wealth of a nation.  The wealth of a nation is the combined total of work done in that nation and nothing more and nothing less.  For over half a century Federal Reserve Notes have proven conclusively that gold and silver are not necessary as a medium of exchange. What we are really talking about is the difference between substance, goods and services, and money.  Goods and services are substance.  Gold is substance.  Money should never be substance.  Money in no way needs to be substance.  Money only needs to be a medium of exchange without substance.  If you sell me your chair for my bushel of corn we are bartering.  No money is involved.  If you sell me your chair for my gold coin it is the same.  It is still barter.  Barter is the exchange of substance for substance.  Your chair is substance and my gold coin is substance.  Barter is the most ancient method of exchange.  Barter is cumbersome and impractical in a modern society.

Buying with money is different.  Money has no substance.  Money should have no substance.  Money depends on its value only by mutual agreement.  Only by agreement can money have value and be a practical medium of exchange without barter.

Barter is perfectly acceptable where it is practical.  For convenience most trade need to be conducted with money.  But what is money?  Where does it come from?  Who prints it?  What is the relationship between the money supply and the economy?

Money is made up of virtually worthless pieces of paper that have value only by mutual agreement.  Governments print money.  Today the amount of money printed by governments has no relation to the operation of a good economy.  There is a scientific and logical connection between the money supply and a healthy economy.  Today there is no logic given to the creation of money, the printing of money and the distribution of money.  Our money printing and distribution system is ancient, illogical and unscientific. Our economy is controlled by special interest groups and not by fair and decent laws.  We have no law controlling the creation of money.  We live in a constant state of financial barbarism.  In short our money system is corrupt.  We talk about free trade and a free economy and we have neither. 

What is a dollar?  A dollar is a worthless piece of paper that we all agree can purchase goods or services worth a dollar.  That is only half the function of a dollar.  Each dollar is an integral part of the entire economy.  Each dollar is an integral part of the worth of the nation that prints that dollar.   To say you have a dollar is meaningless; a dollar of what?  To say you have a dollar is no different than saying you have a quart; a quart of what?  When you hold a dollar bill you are holding the potential of buying one dollar’s worth of anything of substance in the country.  Everything of substance in the country, goods and services, is called marketable wealth.  It is important to distinguish between marketable wealth and unmarketable wealth if we are to devise a scientific and foolproof method for a truly free economy, free to grow and free from recession.  Marketable wealth includes only those goods and services that are saleable.  Unmarketable wealth refers to government owned goods and services that are not saleable.  Roads, highways, government buildings, government services are not and should not be saleable.

If marketable wealth includes only those goods and services that are saleable then we can have a new meaning for a dollar.  If all the marketable wealth in the country equals a zillion dollars then one dollar can equal one zillionth of the marketable wealth.  But this is only true if the amount of dollars in circulation equals the marketable wealth of the country.  If the money, the dollars, in circulation are equal to the marketable wealth there will always be a free and fair exchange of value.  If the dollars in circulation are less than the marketable wealth growth of the economy is slowed and the economy moves into recession.  Some people call this overproduction.  There is no such thing as overproduction.  The fault is always a shortage of money in circulation.  If production, the marketable wealth of goods and services, always equals the money in circulation their can never be a recession.  Recession only occurs when the money supply becomes smaller than the marketable wealth, production. Consider this.  New work is done.  The work is paid for with existing money.  That is money that had no bearing or relation to the new work done.  That money was already in existence and does not reflect the new wealth created by the new work.  New work is new wealth and new wealth should be reflected in the creation of new money so that the total of money in circulation will always equal the total wealth.  When new work is paid for with existing or what I call “old” money the ratio of work to the money supply is corrupted and the money supply falls short of marketable wealth.  Therefore it is impossible for there to be enough money available to purchase the new wealth created by the new work. Only when Total Wealth equals the Money Supply can you have growth and stability.

Let’s say the marketable wealth of the nation is a zillion dollars.  An automobile has just come off the production line worth 30,000 dollars.  Now the marketable wealth of the nation has been increased to a zillion plus 30,000 dollars.  But, no new dollars went into circulation because no new money was created equal to the new work done that went into making that new car.  Do you see that the total wealth was increased but no new money was created to buy that new car?  We can never keep production equal to consumption if the money supply does not equal that production.

Tom worked yesterday.  Tom worked today and Tom will work tomorrow.  Tom’s work increases the country’s marketable wealth every day that Tom works.  Yet, no new money is created to equal Tom’s work.  Every day Tom works and no new money is created to equal Tom’s new work the economy gets closer and closer to shrinking and recession.  Multiply that by millions of people working every day and you have a perfect formula for a stalled economy and repeated recession. 

But how can we keep the total of production, goods and services, equal to the money supply?  Economists have been trying to equate production with consumption for over 100 years.  It is impossible to do so with our current economy.  It is easy to do so if we construct a logical, plausible and practical set of laws for the economy to operate under.  For any economy to be stable it is absolutely necessary for that economy to have in circulation an amount of currency equal to total marketable wealth.  If the currency in circulation is less than the total marketable wealth it is impossible for all of that wealth to be bought or sold.  This is the underlying cause of financial hardship, poverty, recession, foreclosures, unemployment and bankruptcy.  When the money supply falls short of the marketable wealth of a nation its people will always suffer economic hardship.  This is why you are struggling and this is why it is not your fault.  It is so easy to set up an economy where production can always equal consumption.  Such an economy is desirable, practical, attainable and absolutely necessary if we are ever to arrive at a truly free growing and recession proof economy.

Let us first agree that wealth is substance.  Money is not substance.  Money is not wealth.  Money is a medium of exchange to acquire wealth or substance.  What is wealth?  Wealth is the intrinsic value that any good or service possesses. That wealth can be exchanged through the use of money.  How is wealth created?  There is only one thing on the face of this entire planet that creates wealth and it is not money.

Look at this glass.  The glass was made from sand.  How much did the glassmaker pay the beach for the sand?  Nothing.

Here is a bowl made of clay.  How much did the potter pay the ground for the clay?  Also nothing.

Look at this pie pan made of iron.  How much did the miner pay the ground for the iron ore to make this pie pan?  Again nothing.

This cutting board is made from wood cut from a tree.  Did the lumberjack pay the tree for the wood?  No.

This muffin pan is made of aluminum.  Did the aluminum mill pay the ground for the aluminum ore?  Again no.

All raw materials come from nature.  They are free for the taking.  You cannot pay nature.  Nature has no bank account.  Nature is. 

Now, if sand, clay, iron, wood and aluminum cost nothing what are we paying for when we buy products made from these raw materials?  Here is some sand.  I am going to pour water into the sand. The sand will not hold the water.  I can’t drink water from sand.  But if I pour the water into a glass made from sand the glass allows me to drink the water.  Something had to be done to the sand to make it useful to hold water.  The difference between the raw sand and the finished glass was only the work it took to convert the sand to a glass container.  In the same way a lump of clay will not hold a salad.  But a bowl made of clay, clay that has been worked on, will.  The same is true of the pie pan, the cutting board, the muffin pan and all other goods of value to anyone.  The only thing that creates wealth is work.  Nothing but work can create wealth.  All goods and services get their value, their wealth from work and nothing but work.  The only thing you are paying for when you buy anything is work and nothing but work.  Like the hamburger commercial that asked, “Where’s the beef?”, when new work is done I ask you, “Where’s the money?”.

Work creates wealth.  The problem with the economy is that no new money is created when new wealth is created by new work.  When new work is done and no new money is created growth in the economy is stifled and recessions always occur.  Paying for new work with “old” money creates the very unbalance between production and consumption that we are trying to correct. The concept of Prospernomics allows for new work to allow the creation of new money. When new work allows the creation of  new money production and consumption will remain equal forever.  Prospernomics allows for both stability and growth.

New work is being done all the time, but new money is not always being created.  As a matter of fact the new money created has nothing to do with the new work being done.  This then is the crux of the problem.  When new work is being done and not enough new money is created to keep up with the new wealth created by the new work a shortfall occurs in the money supply and the economy goes into a slump or recession.  The problem and the solution are simple.

Since new work is the only creator of new wealth it follows that new work should allow new money to be created.  Right now banks create new money in the lending process which has no relation whatever to the new wealth created by new work.  Such a system is prone to both inflation and recession and a true balance can never be reached.  The solution is simply to have all new work allow new money to be created.

Doesn't it make sense to you that only work creates wealth?  Doesn't it make sense to you that work and only work is wealth?  Production is work.  Consumption is trade.  When we trade we are only trading work.  Remember wealth is work and the economy is trade.  Trade means exchange.  When you trade one thing for another thing you are only exchanging work.  You are exchanging your work for someone else’s work. If work creates wealth then it logically follows that work, and only work, should allow the creation of money.  It is as simple as that.  Prospernomics causes work to allow the creation of money.

Now that we have established that work is wealth we can easily set up an economy where production can always equal consumption.  The key to accomplishing the equation production equals consumption lies in the creation of money.  The only way to equate production with consumption is to have the money supply equal to that production.  If the money supply falls short of the marketable wealth, the production, there simply is not enough money in circulation to purchase that production.  By keeping the money supply equal to marketable wealth, or production, there will always be enough money in circulation to purchase that production and maintain a stable growing economy.

But work can not create money.  Governments have proven over and over again that governments should not be allowed to create money because such a system causes massive inflation.  Today banks create money.  Banks have been creating money for centuries and should continue to do so. New work should allow them to create the necessary monies to keep production equal to consumption forever.  By allowing banks to create new money whenever new work is done prosperity, growth and a stable economy can be achieved.

There is only one way to keep production equal to consumption.  Since work, and only work creates wealth it is only logical and proper for work, and only work, to allow banks to create money.  Yes, the work that created the wealth should allow the banks to create the money to purchase that wealth.  When new work is done today no new money is created. This causes a shortfall in the money supply.  A shortage in the money supply prevents people from obtaining the purchasing power necessary to sustain a healthy economy.  When work allows banks to create money consumption will always equal production and growth and stability are insured  and recessions will be impossible.

There is another problem that upsets the productionconsumption equation and that is taxes.  Taxes, if allowed to persist, would take a huge amount of money out of circulation and make it impossible for production to equal consumption.  With taxation in force the economy can not function on an even keel.  Try to understand that taxes were invented thousands of years ago to allow feudal lords to fleece the public in the name of “protection”.  Taxes are doing that same fleecing today.  Taxes are a blight on the human scene and need to be done away with.  At the same time that we make production equal to consumption by making the money supply equal to marketable wealth we can wipe out all kinds of taxes and government fees.  And, it won’t cost you or anyone a dime.

Prospernomics, the science of  having work allow banks to create money may be a new concept but it is extremely easy to do.  It works like this.  When an employer pays his employees he would use a special currency creating check that would, when deposited, literally allow the employee’s bank to create new money the same way banks create new money to fund loans.  The bank creates new money on the spot from the employee’s paycheck.  At this point the employer’s account has not been debited one cent.  Of course the employer can’t receive free labor so, at the same time that the bank creates the new money into the employee’s account, the exact same amount is debited from the employer’s account and sent to the government.  That is the end of our centuries old oppressive tax system.  Prospernomics would afford so much money for government there would be no need for any  taxes or fees.  There you have a way, and possibly the only way, to keep production equal to consumption, to create a permanently growing and stable economy and, at the same time, to get rid of the ancient feudal tax system every country has been plagued with for hundreds and in some cases, thousands of years.  The country that adopts Prospernomics can become the richest country in the world and offer its people a standard of living higher than anything we have ever seen.

The concept of Prospernomics is here.  The technology for Prospernomics is here.  The age old concept of taxation as we know it is obsolete and needs to be done away with.  Prospernomics will provide more than ample funding for government.  Prospernomics will end the archaic, cumbersome and inhuman practice of levying and collecting taxes which only serve to oppress and debase the dignity of man.  Government funding can and should be directly connected and tuned to the creation of new work and new money.  Prospernomics will do exactly that.

Remember what we said at the beginning of this video.  There is nothing more important to the people of a nation than the integrity of its economy.  Prospernomics and only Prospernomics can offer a nation’s people an economy that has integrity.

Prospernomics can elevate the condition of man on this planet to a level never before thought possible.  Prospernomics is here for the taking.  Take it.   

Prospernomics is the money system of the future… and the future is now.

You can learn more about Prospernomics by calling 818-763-1000.

Thank you for listening.