[GJM] Good progress/some breakthrough with DK -- action needed
Rodney Shakespeare
rodney.shakespeare1 at btinternet.com
Mon Jan 21 05:40:03 MST 2008
Dear All,
Apparently we can expect that the Dennis Kucinich (at some stage later on) will be saying that the US Treasury can create its own debt -- i.e., interest-free loans.
But unless the interest-free loan mechanism is used for ALL sectors to develop and spread productive capacity (DK may confine the proposal just to public capital projects) a huge opportunity will be being missed.
We will know more in a week or two.
It is now up to GJM members to openly fight for interest-free loans. NB. The situation is perfect for progress -- a collapse of some sort is coming and only extensive use of itnerest-free loans provides a way forward in future which will not be liable to the financial cycles etc.
Rodney Shakespeare
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