Unruly State of Affairs in the United States of America

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A 2nd Declaration of Independence, By the 50 union States of America

Signed by President Donald Trump on July 4,
2020.

To the New Republic of the United States Transcribed by Mark Baughman 2/9/2020 from Parchment Paper from Original.


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Trusting our cause is just and having prayed for the fortitude of brave spiritual wickedness in high places. WE CITIZENS OF AMERICA make this announcement to the SHAREHOLDERS OF US CORP. including THE CITY OF LONDON, THE BRITISH CROWN, AND THE VATICAN, and their OPERATIVES in the media, government and society.

A 2nd DECLARATION OF INDEPENDENCE, By the 50 United States of America

With the utmost respect and admiration for the founders of America and the framers of the original DECLARATION OF INDEPENDENCE, the American people humbly emulate their thoughtful measured response to certain perpetual and ascending tyranny and despotism. We too believe it is moral obligation of those privileged with knowledge and opportunity to work on behalf of THE PEOPLE, that THE PEOPLE are served best when their benefactors choose unity over division, nationalism over globalism, sovereignty over submission, and liberty over oppression, that all human beings are equal in their innate value, that America was founded under God, and that our God-given rights may not be revoked, suspended, negated or abridged without due process. What distinguishes the 2nd DECLARATION OF INDEPENENCE from its progenitor is the object from which we seek independence.

Regrettably, to our great misfortune, shame and dismay, and despite the recurrent warnings, and accorded safeguards, a cable of foreign investors and privateers have managed to gain possession of our land, our wealth, our labor, our well-being, our future, and even our children.

Although history has become muddied with varied interpretations of cardinal events, including the surreptitious adoption of a second “corporate” constitution, and uncertain ratification of several amendments destructive to THE PEOPLE, it matters only that on or more alien groups lay claim to America and its assets. Rather than speculate on motives, and weigh unprofitably to biased accounts, unverifiable information, and plenteous theories and opinions, we engage a perfect solution, wherein we exact independence from all claimants, past and present, proclaimed, identified, or veiled. As such, the usurpers named in this declaration are representative, and not specific, or exhaustive, regardless of supposed, ancestry, preceded, instrument or process.

Although simply enumerating transgressions and usurpations would suffice to justify insularity, recounting significant events, reveals important facts, that are missing from history. These forgotten facts, add insight, perspective, and clarity, illuminating our best way forward.

1. The inevitable Civil War destroyed America’s economy, ripped families apart, and cast a questionable shadow on the future of a once promising nation. America was in trouble financially, and needed a massive infusion of capitol to get back to its feet.

2. A cabal of nation-building venture capitals, from Europe, agreed to finance America’s recovery, but demanded an active role in government to ensure their investment. In 1871, mired in debt, Congress worked out a partnership. In exchange for boundless financial support, the foreign investors handle America’s administrative needs.

3. Although initially it seemed to be an innocuous concession, the consequences of allowing the nation-building venture capitalists to conduct America’s business beyond the protections of the U.S. Constitution proved catastrophic. The investors quickly embedded OPERATIONS throughout the foreign-owned corporate government, and Washington D.C. began serving the interests of America’s financier’s over THE PEOPLE. In 1871, America effectively lost its independence, and the nation-building venture capitalists became our new masters.

4. By the early 1900’s, the foreign investors that bankrolled America controlled the major newspapers and news services, enabling them to shape what is reported and how it is to be framed. They had to cover their tracks, before being exposed and repudiated by THE PEOPLE.

5. The nation-building venture capitalists, worked to soften America’s imperturbable elevated system of government. The founders had formed a Constitutional Republic instead of a Democracy specifically to prevent citizens in the majority from oppressing those in the minority. By doing what is best for their District (or State), rather than enforce the majority will, representatives serve all citizens equally, eliminating the noise, division, and violence intrinsic to Democracies. Being in control of the narrative, the foreign investors ingenious promoted the fallacy that America is a Democracy trusting that the deception would lead to unrest and chaos that world make America vulnerable, creating additional opportunities for infiltration and manipulation.

6. In 1913, the foreign investors established the Anti-Defamation League, to slander anyone who exposed them, and their infiltration into American politics.

7. In 1913, by the way of the 16th Amendment, the foreign investors were granted the authority to tax the American people directly, something expressly prohibited by the original Constitution. That THE PEOPLE would willingly subject themselves to forced confiscation of their property (their labor) is illogical, putting the legitimacy of ratification in question.

8. In 1913, by way of the 17th Amendment, the foreign investors breached an important safeguard that protected our Constitution Republic form infiltration of enemy forces. Previously, Senators were “Statesmen” appointed by the respective State Legislatures, as a check on the House of Representatives, raiding the public treasury, henceforth. Senators would run as glorified House Representatives, reduced to promising “free” public money and services for votes. The authenticity of ratification is unlikely because the State Legislatures would not willingly surrender their authority to bridle the appetite of THE PEOPLE’s house not would they accede to transfer more power to the Federal Government, opening yet another door for the international bankers, to buy the influence they need, to further their grip on America.

9. In 1913, the foreign investors gained control of our currency by pushing through Congress the Federal Reserve Act, establishing a foreign-owned central banking system despite the dire warnings of presidents Thomas Jefferson, Andrew Jackson, Abraham Lincoln, Andrew Johnson, James Garfield, and William McKinley. The Federal Reserve Act passed with the help of compromised legislators between 1:30AM to 4:30AM on December 22nd, when most members were away on the Christmas holiday.

10. In 1920, Congress, by the way of the independent Treasury Act, turned over the U.S. Treasury Department, and its assets (our gold and silver), to the Federal Reserve, the central banking system owned by the foreign investors, established 1913.

11. In 1921, the Council on Foreign Relations was formed under cover advancing America’s interests in the world. In fact, the CFR is sponsored by THE CITY OF LONDON, and serves to advance the interests of the foreign-owned Federal Reserve, by direction the president, Congress, and the narrative through OPERATIVES in their news and information networks.

12. In 1925, the owners of the Federal Reserve formed the UNITED STATES corporation. Just 5 out of the 100 shares issued were identified, with the balance of the shareholders of US CORP remaining anonymous, yet the money hail leads to THE CITY OF LONDON, THE BRITISH CROWN, and THE VATICAN. The tax dollars we send to the Internal Revenue Service go to the International Monetary Fund, and the World Bank, which are under their control.

13. The official formation of US CORP set the stage for the transformation of America from a Constitutional Republic of THE PEOPLE to a corporation owned by foreign interests and their families. Over the next few years, the individual States were registered as corporations as well, making them franchises of US CORP. Representatives and Senators neither represent nor work for the American People. Rather, they are managers of US CORP. and, as such, they are obligated first to serve its best interests. The president is just the President of America. He is the CEO of US CORP.

14. The abbreviated term “United State” was purposely used to represent both America and US CORP. to blur the distinction between them. Similarly, the original U.S. Constitution was quietly supplanted by an impostor “corporate (all-capital letters) constitution” that bears a similar name and appearance, again, to confuse and deceive the American people. Specifically, the “Constitution for the united states of America” was replaced by “THE CONSTITUTION OF THE UNITED STATES,” s with the latter’s corporate statutes becoming the supreme law of America.

15. In 1933, the U.S. federal government declared bankruptcy, and President Roosevelt, its acting CEO, signed over to US CORP. America and its assets, including THE PEOPLE, and our labor. The bankruptcy of 1933, that was arguably unnecessary, ceremonial in nature, and contrived and orchestrated without the consent of THE PEOPLE, completed the heist and transfer of America and its assets to the same foreign interests who own US CORP.

16. In the bankruptcy of 1933, US CORP forced the American people to surrender their gold in trade for debt nots called “Dollars.” Fiat currency that has not real value, and that is depreciated continually through inflation to where it is worth just 4 cents today.

17. The bankruptcy of 1933 put US CORP in a state of emergency, allowing it to implement Admiralty Law, made evident by the gold fringe around the American Flag. When in a US CORP courtroom, you are considered at sea and not a citizen of America.

18. In 1936, US CORP began issuing Social Security Numbers to turn otherwise sovereign Americans into trustees of corporate fictions, making our labor taxable, which would otherwise be unconstitutional. According to US CORP. you are not a love man or woman, but rather a representation of a corporation in your name.

19. In 1945, the anonymous owners US CORP founded the United Nations, under the guise of spreading peace, civility, and humanitarian assistance throughout the world, yet the true purpose is to condition citizens to recognize an international authority, a first step in establishing their promised “New World Order,” in which the U.S. Constitution is retired to make room for a universal totalitarian government.

20. United Nation’s publications “Agenda 21” and “Agenda 30” reveal the “New World Order” agenda, calling for the end of nationalism, patriotism, private property, individual rights, the two-parent family, automobiles, air travel, and the right to defend ourselves from a tyrannical government. In keeping with their goal of “sustainable development,” they plan to reduce the population by over 90%, ridding America and the world of dissidents and “useless eaters.” The remaining “useful servants” are to live in coastal communities, wherein they will be stacked-and-packed in micro-apartments.

21. The only thing standing in the way of their “New World Order” is a strong, prosperous, and secure America. To achieve their goal of world domination. America must lose its sovereignty and leadership position, and thus why the owners of US CORP quietly work to undermine our culture, systems, beliefs, standards, aspiration, and morals; for over 100 years, employing unrestrained method and tactics.

22. With millions of dollars at their disposal every year from taxing our labor, the owners of US CORP. fund leftist non-profit groups, including the COUNCIL ON FOREIGN RELATIONS, that work to subvert our nation and silence anyone in opposition. They ingratiate the officials and administrators who run the largest charities and organizations, including the A.M.A. the APA, the CDC, the FCC, the SEC, and the FDA, and they embed OPERATIVES in the State Department, the Department of Justice, and the intelligence agencies, official and covert, including the NSA, FBI, and CIA.

23. In trade for generous grants and endowments, the anonymous owners of US CORP shape the curriculum, and political sentiment of the public schools, colleges, and universities, insuring the next generations, our children, harbor disdain for their country, their history, their culture, their families, and even their ethnicity.

24. The anonymous owners of US CORP keep THE PEOPLE in the dark about the true history of America, the greatest heist and cover-up in history, by controlling public education, the major publishers, the news services, the airwaves, and the social and information networks.

25. The foreign owners of US CORP prop up “puppets” throughout society and government, allowing them to make millions of dollars in trade for perpetrating their agenda of secrecy and subjugation of America. These traitors include prominent politicians, news readers, pundits, authors, movie stars, and the heads of the social, news and information networks, major sports teams, music, and entertainment industries, and corporate conglomerates responsible for over 90% of the products designed, manufactured, advertised, purchased, financed and consumed.

26. By the way of funding campaigns and fixing elections, the owners of US CORP obligate the most influential politicians to further their agenda of breaking America socially and financially. They promote disdain for country, dependency on government, indulgence, lawlessness, and immorality, to spoil and dishearten citizens, predisposing them to trade their sovereignty for the false promises of an international unelected government, sponsored by the world elite.

27. By the way of the Democrat Party, and OPERATIVES posing as television hosts, entertainers, journalists, pundits and policy experts, the owners of US CORP brainwash and condition THE PEOPLE to accept invalid arguments and pseudoscience, that call for globalism, socialism, and a godless society, in which technology is our moral compass.

28. The OPERATIVES of the foreign-owned US CORP are deeply rooted throughout the news and information networks, academia, government, and society. Colloquially referred to as “the Deep State,” “the Shadow Government,” and “the Swamp,” the OPERATIVES perform with a hive mind because they are guilty of treason, a crime punishable by death. They are desperate to hide their complicity, and thus they systematically target, demonize, and even “suicide” all who threaten to expose their treachery and malfeasance.

29. The OPERATIVES of US CORP favor unbridled immigration because it is the most expedient way to destroy the country from within. Flooding America with illegal immigrants, without allowing them time to assimilate, ensures arrogance, separation, and anti-Americanism, and anger, animosity, and conflict with THE PEOPLE. By design, we can also expect a steady dilution of the principles, ethics, and systems that made America successful. Moreover, the majority of illegal immigrants are ethics and systems that made America successful. Moreover, the majority of illegal immigrants are likely to vote for Democrats, who legislate according to the will of the foreign owners of US CORP.

30. Because trhe free, open largely unchained internet reveals the hidden heist of America, And the criminal network that operates in the shadows, the owners of US CORP, the predators of crimes against America and Humanity are tightly concerned about exposure. To ensure THE PEOPLE do not wake up, organize, and enact justice, they sensor the information we see, ply us with psychoactive drugs, make us complacent with money from government, distract us with sempiternal video games, promote us with meaningless sporting event after another.

31. In conjunction with skewed statistics, deceptive polls, false facts, and the omission of decisive information, the owners of US CORP promote anti-Americanism, and their “New World Order” agenda. Fake new keeps THE PEOPLE disoriented, misinformed, and divided over ethnicity, gender, sexual orientation, religion, and economic class. Meanwhile, their debt system enslaves us their grip ever lightens through surveillance, and fluorination, vaccinations, and others technologies are deployed to weaken any substantive opposition.

32. The owners of US CORP are working incessantly to disarm the millions of law-abiding Patriots who stand in the way or their totalitarianism, oppressive “New World Order.” By the way of orchestrated mass shootings, the owners of US CORP will continue to terrorize THE PEOPLE until we assent to “comprehensive background checks.” The word “comprehensive” is nebulous and undefined, allowing for battery of psychological and medical testing, ever-expanding, until largeled individuals are deemed emotionally unstable, and a danger to society. True to the predictions of every futuristic book and movie, patriotic Americans will be disarmed by the way of political profiling, under the guise of screening for mental health.

33. Through their vast indoctrination machine, the foreign owners of US CORP have convinced THE PEOPLE that America is a Democracy, and that Democracy is the highest form of government. This is problematic because Democracy is by definition, “mob rule.” Democracies invariably fail because “the majority mob” always demands more and more public monies and services, precured through excessive taxation and other Socialist-like policies, resulting in economic ruin, runaway debt, fiscal collapse, and ultimately; social implosion, opening the door for the promised, predicted, dreadful, and ever-looming “New World Order.” Because sovereignty is not sustainable without exploring the ills of Democracy, and reestablishing our elevated Constitutional Republic, we are compelled to make the following proclamations:

a. The world Democracy does not appear anywhere in the America’s founding documents, because the framers knew that Democracy, in any form, or disguise is fatally flawed, leading invariably to oppression, unrest, societal failure, violence, and death.

b. All modern forms of government are elected democratically. They differentiated only by who makes them decisions, after elections are over.

c. In a Democracy, citizens in the majority make the sales, leaving those, in the minority oppressed. Consequently, a Democracy is always noisy, divisive, divided insufficient, unsteady, combustible, fiscally irresponsible, and short lived.

d. America was established as a Constitutional Republic; those elected must NOT do the bidding of the citizen majority, Rather, they most do what is best for their District (of State), despite the majority will. In this way, all citizens are represented equally., and no one is suppressed, making a Constitutional Republic quiet, steady, efficient, and preferred.

e. Although the word “democracy” feels good, it is founded on mob rule, making it akin to socialism, communism, and every other tyrannical form of government.

f. Finally, Article QV. Section 4 of the U.S. Constitution resolves any doubt, “The United States shall guarantee to every State in this Union a Republican “Form of Government”.

Having exposed the greatest heist and cover-up in history, we are able to summarize. America and its assets were quietly hijacked, and the cover-up has resulted in unthinkable crimes against THE PEOPLE and humanity. Allowing the hostile takeover to stand will lead eventually to compete and irreversible subjugation and the eradication of truth, justice, and all that is good.

This 2nd DECLARATION OF INDEPENDENCE distinguishes the United States of American from the subversive UNITIED STATES CORPORATION. It asserts that the US CORP was formed illegally, that it is foreign-owned, and that its shareholders have been quietly at war with America for over 150 years. Treasonous OPERATIVES, embedded within government and the “fake news” networks, purposely divide the citizenry, and facilitate conflict among the nations., to hide that US CORP was formed illegally, that is foreign-owned, and that its shareholders have been quietly at war with America for over 150 years. Treasonous OPERATIVES, embedded within government and the “fake news” networks, purposely divide the citizenry, and facilitate conflict among the natives, to hide that US CORP is and always has been, the only real enemy of America. This 2nd DECLARATION OF INDEPENDENCE also repudiates, with conviction. US CORP’s satanically-inspired plan for world governance. In addition to being, of, by, and for THE ELITE, and not THE PEOPLE their falsely advertised pseudo-Utopian unelected totalitarian “New World Order” would supplant America’s sovereignty, and extinguish forever, any semblance of liberty, and prosperity.

Because natural inclinations predispose human beings to be shortsighted, malleable, and easily bamboozled, one might presume the American people should bear responsibility for being swindled out of their homeland, inherited from their forefathers who procured and secured if at great expense and much sacrifice, and for slowly but steadily trading there largely unappreciated blessings of liberty, opportunity, and prosperity for “trinkets” in the form of unearned comforts, frivolous indulgences, and gluttonous pleasures.

However, the transfer of ownership form the American people was not conducted openly and with candor, but clandestinely, through calculated design, and nefarious means, without body consent, and unconstitutionally. It is for the latter reason that American people claim their right to rectification. That the greatest heist in history was effected outside the constraints of the U.S. Constitution, and that those who were elected to represent America’s best interests transgressed their fiduciary responsibility, and exceeded their authority, warrants this proclamation, that the American peopleare rightful owners of our land, our labor, our well-being, or future, and our children, for our benefit, and the benefit of our posterity.

As with any negotiated peace after years of atrocities committed by parties at war, we seek neither vengeance nor demand justice for past transgressions. The simply adjure the return of what rightly belongs to THE PEOPLE, and avow firmly, emphatically, publicly, and officially, that America shall forever remain a sovereign nation, free, self-directed, and not affiliated or dependent upon any version, or variation, of the present, planned, or innovated “New World Order”. We entreat a bloodless solution, wherein you cease all destruction activities, including false flag events, dissolve US CORP and other illicit legal structures and custodial instruments, return our land, and assets, including our gold and silver, redirect the tax collected on our labor back to America, and have your “Deep State” and “Shadow Government” OPERATIVES retire, withdrawing your influence in a orderly fashion, so
society continues to thrive, in trade for you keeping your wealth, your position, and your heads.

In response to questions regarding legitimacy, efficacy, and process; throwing off the shackles of national thralldom is elementary and unambiguous, as evidenced by the separation of the 13 Colonies from Britain in 1776, and the Mexican people from Spain in 1825. A formal declaration, hailed by authorized representations, procures independence that is immediate, whole, consummate, infrangible, and unencumbered by obligation, condition, or imposition.
As we enter grievous territory, we reflect on the precarious road our forefathers forged when they judiciously severed the political and familial ties that bound them. Or hearts also are filled with melancholy and trepidation, yet we too are resolute in our posture and positions from being confronted with no better option. Despite the manifest peril, the consequences of acquiescence are graver still, compelling us to claim solemnly our independence once again. So, in support of this Declaration, with its firm reliance on the protection of divine providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor. (The 56 signatories or THE TASK FORCE are to be affixed at the time of presentation to Congress, the President, the 50 State Legislatures, and the Governors of the respective States.)

https://operationdisclosure.blogspot.com/2021/02/the-2nd-declaration-of-independence.html

 

 

 

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    THE ABUNDANCE PARADIGM: WHY AI FORCES A RETHINKING OF MONEY ITSELF — PART 1

    By Ellen Brown on May 11, 2026

    A Universal Basic Income (UBI) has long been proposed as a way to cushion the blow of jobs lost to automation. Under that model, everyone receives a modest monthly payment – enough to cover basic needs and prevent extreme poverty. 

    But Elon Musk has gone further. On April 16, he posted on X:

    Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.

    Rather than a subsistence stipend, Universal High Income (UHI) would be a level of income allowing ordinary people to live well in a world where machines do most of the work. Musk has also said that AI and robotics are the only things that can solve the massive U.S. debt crisis. 

    That sounds promising, but where will the government get the money to pay the UHI? Critics say any government that tried it would go bankrupt. There are also other concerns, which will be addressed in Part 2 of this article. Here we will look at the financial underpinnings: why UHI is even thinkable, why AI forces a reexamination of how money enters the economy, why the current system cannot scale to meet what is coming, and the implicit transition needed to meet that challenge.

    Why the Current Money System Cannot Scale

    The national debt of the U.S. government just topped $39 trillion. China’s is $18.7 trillion. Japan’s is $8.6 trillion. Those of the UK, France, Germany, Italy and Spain are each in the multi-trillion-dollar range. Collective global debt now stands at $353 trillion, 305% of the world’s annual economic output. So even if, hypothetically, everything produced in the world in a year were applied toward liquidating the debt, it still would not be enough to pay it all off. 

    In fact the debt can never be repaid, because of the way money currently enters the system. Nearly all of the money supply today is created by banks when they make loans. Banks do not lend their existing capital. The loan itself creates the money. The bank adds the loan amount to the asset side of its balance sheet and balances that sum with the same amount on the liability side. When the borrower withdraws or transfers the funds, either the bank takes them from its reserves in “vault cash” or the Federal Reserve debits the bank’s digital reserve account at the central bank. But the lending bank typically has funds coming into its reserve account at about the same rate as they are going out, so its reserves are continually replenished. Thus a very small reserve account can support a much larger money creation engine. For decades before the Fed discontinued the reserve requirement in 2020, it hovered at around 10%.

    The chief problem with this debt-based system is the interest, which the bank does not create in its original loan. For a typical long-term loan, interest can double the total tab or more. Where is the money to come from to pay this added liability? Across the system as a whole, it must either come from more borrowing or from existing funds. In the case of governments, that means issuing interest-bearing bonds or tapping taxes and other revenues. The interest on the debt compounds, meaning the government is paying interest on interest. This makes the debt increase exponentially, until it is mathematically unsustainable. Then bankruptcies occur, of banks or even whole governments. Booms turn into busts, and the cycle begins again.

    Today, interest on the federal debt is the second largest budget line item after Social Security, exceeding $1 trillion. Meanwhile, workers are losing jobs to AI/robotics, shrinking the income tax base. The system is clearly unsustainable.

    How to Raise Demand to Scale to the Upcoming Supply

    A Universal High Income would replenish the shrinking tax base by replacing the lost wages of unemployed workers. But where will the money come from to pay the UHI? The only sustainable solution is for the government to issue it interest-free. That does not mean through the Federal Reserve, which creates money in the same way banks do: it buys federal interest-bearing securities with accounting entries. The Fed collects the interest, which it is supposed to return to the Treasury after deducting its costs. But since 2008, its costs include paying interest on the reserves of its participating banks, which consumes its profits. (See my earlier article here.) 

    The only interest-free, debt-free solution that will actually increase the money supply sufficiently to match the projected productivity of AI/robotics is for the money to be issued directly by the Treasury.

    This is not a radical new idea. It is authorized in the U.S. Constitution, which provides in Article 1, Sec. 8, that “The Congress shall have Power To … coin Money [and] regulate the Value thereof .…” Abraham Lincoln used government-issued “Greenbacks” to avoid a crippling debt to British-backed bankers. Debt-free government-issued money was also the funding mechanism by which the American colonists succeeded in creating a thriving economy and liberating themselves from the oppressive yoke of the British Empire.

    In his 1729 pamphlet “A Modest Inquiry into the Nature and Necessity of a Paper-Currency,” Benjamin Franklin argued that a lack of currency was a tax on industrious farmers and producers, and that a reliable, locally issued paper currency was the “oil” for the gears of trade. The “Nature and Necessity” of this currency was to facilitate the movement of goods between neighbors. Franklin observed that the British strategy of keeping the colonies short of cash was a method of economic suppression. By forcing the colonies to use gold and silver, which were constantly drained back to London to pay for imports, the Crown kept the colonies in a state of permanent debt and low productivity. When the money supply matched the productive capacity of the people, universal prosperity resulted without inflation. 

    This logic evolved into the “American System of Political Economy” championed by Henry Carey, economic advisor to Abraham Lincoln. He wrote:

    Two systems are before the world… One looks to pauperism, ignorance, depopulation, and barbarism; the other in increasing wealth, comfort, intelligence, combination of action, and civilization. … One is the English system; the other we may be proud to call the American system, for it is the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world.

    In the context of the 21st century, the “oil” that best lowers the friction of trade is debt-free government-issued money similar to Lincoln’s Greenbacks and colonial scrip. Rather than implementing a radical financial innovation, we would be returning to our roots.

    Inflation or Deflation?

    The chief objection to the colonies’ paper “scrip” was that they tended to over-print, so that “demand” (money) outstripped supply. Too much money chasing too few goods produced price inflation. But in the 21st century, we will soon have the opposite problem: too little money chasing too many goods. Machines don’t need food, clothing, shelter, transportation, medical treatment or other services. So who will buy those goods and services? 

    Money needs to be issued to human consumers, and not just to a few wealthy human consumers serving as debt brokers thriving on interest. To create sufficient demand for the voluminous output of AI/robotics, it needs to go to the whole national population, evenly distributed. Not only can UHI work in that sort of abundant supply without producing price inflation; it is actually essential to prevent deflation.

    In a conversation on X, Musk wrote:

    In a normal economy, issuing more money simply increases the dollar price of the existing output of goods & services, meaning people do NOT get more stuff. If AI/robotics massively increase goods & services output, then you actually MUST issue dollars to people or there will be massive disinflation. 

    As paraphrased on Yahoo Finance (reposted from Benzinga), Musk wrote that handing out more dollars becomes a problem only when the economy’s supply of goods and services fails to surge alongside the money supply. His claim is that AI and robotics could lift production so sharply that the bigger risk would be falling prices, not rising ones.

    But aren’t falling prices a good thing? In this case, no. Prices would be falling due to a lack of demand, meaning producers can’t find customers for their products. They wind up laying off workers and eventually going bankrupt. When spread across the whole economy, the result is a deflationary spiral: prices fall, businesses lose revenue, and the economy contracts, not because production is inadequate but because purchasing power is insufficient. The result is recession or depression. In the Great Depression of the 1930s, food was rotting in the fields while people were starving, because they were out of work and had no money to spend. 

    Job cuts from AI are already happening. According to the same Benzinga article:

    Evidence of near-term strain is showing up in corporate announcements: employers disclosed more than 27,000 job cuts linked to AI in the first quarter of 2026, according to Challenger, Gray & Christmas. The outplacement firm said that figure was up 40% from the same period a year earlier. 

    Robert Reich reports that wages are around two-thirds of the typical corporation’s total cost, and that in the first four months of 2026, big U.S. corporations cut over 128,000 jobs. 

    How Soon Will All This Happen?

    Another Benzinga article, reposted on Yahoo Finance on March 16, detailed Musk’s projected time frame:

    Speaking remotely to the Abundance Summit last week, Musk told XPRIZE founder Peter Diamandis that the global economy is on the verge of an explosion so massive it defies historical precedent.

    “I’d say the economy is 10 times its current size in 10 years,” Musk said, before quickly clarifying that the growth could be even more explosive. “Greater than,” he added, framing the projected shift in economic output as a “fairly comfortable prediction.” …

    Ray Kurzweil, author of The Singularity Is Near, sees AI reaching Artificial General Intelligence (human-level intelligence across virtually all domains) by 2029, and full transformative abundance by 2045.

    Other experts question these time projections, but a radical transformation of traditional manufacturing and trade is likely to happen sometime in the reasonably near future. The question is, will the money system transition soon enough to rescue all the laid-off workers from homelessness and famine?

    The Sovereign Wealth Fund Alternative

    There is another model for distributing the gains of automation, one that can be phased in gradually as the AI workforce expands. It comes from Sam Altman, CEO of OpenAI. In an ironic twist, Altman and Musk, who jointly founded OpenAI in 2015, are now locked in a high-profile legal battle over whether Altman diverted Musk’s $44 million investment to transform what was conceived as a nonprofit “for the benefit of humanity” into a highly lucrative for-profit enterprise.

    That dispute aside, Altman’s alternative model for sharing AI-generated wealth is a national sovereign wealth fund seeded by the profits of AI and robotics. His proposed American Equity Fund would take public stakes in the companies and technologies driving automation, capture a portion of the resulting productivity gains, and distribute them as universal dividends. The Fund would not replace a Universal High Income but would complement it.

    This approach has several advantages. It ties payments directly to real output, scales automatically with productivity, and can be introduced gradually, avoiding the shock of issuing large payments before the supply side has fully expanded. It would resemble the Alaska Permanent Fund, which distributes oil revenues to residents, except that here the resource would be the most powerful general-purpose technology since electricity.

    Conclusion: A New Monetary Logic for a New Productive Era

    For centuries, money has been issued as a claim against the future productivity of human labor, repaid from the income that labor generates. The logic of this debt-based system collapses when machines become the primary producers of goods and services. Then the limiting factor becomes purchasing power — the ability of human beings to access the abundance their own technologies create. That requires a monetary architecture that expands with output rather than debt, and distributes income not through wages alone but through mechanisms tied to the productive capacity of the whole system.

    Universal High Income and a sovereign wealth fund are two ways of doing that. One ensures a stable floor of demand; the other ensures that the public shares in the gains of automation. Both would be grounded in real production. But for the public to have access to those gains, the money supply needs to expand in proportion to the expanding pool of goods and services. This can be done by restoring the innovation our forefathers baked into the Constitution: debt-free money issued by the government itself.

    How to fund a UHI without triggering inflation or driving the government into bankruptcy is the first objection critics raise, but there are others. They argue that people would stop working or stop learning, that society would collapse into idleness or chaos, that life would lose meaning without jobs, that the government would have the power to control how people spend their money.  Will a UHI ring in the promised utopia or lock us into a state-controlled digital prison? Part 2 of this article will address those concerns. 

    _______________

    This article was first posted as an original to ScheerPost.com. Ellen Brown is an attorney, founder of the Public Banking Institute, and author of thirteen books including Web of DebtThe Public Bank Solution, and Banking on the People: Democratizing Money in the Digital Age. Her 400+ blog articles are posted at EllenBrown.com.tom of Form

     

     

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    WAY TO GO MR PUTIN - RUSSIA FINALIZES 'LBGTQ PROPAGANDA' BAN

    Posted By: The_Fox [Send E-Mail]
    Date: Thursday, 1-Dec-2022 05:31:08
    www.rumormill.news/212414

     

    Many a time I often think about moving to Russia, so sick and tired of living here in the West.

    Over there things get done and child molesters etc don't just get away with a slapped wrist, free to again prey on the innocent.

    Those promoting society's moral decay will now have to answer for their actions also.

    Way to go Mr Putin.

    Read more: 'LBGTQ PROPAGANDA' BAN