Unruly State of Affairs in the United States of America

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18th of September 2020

Notice to Ned Lamont,
Acting as NED LAMONT, GOVERNOR, STATE OF CONNECTICUT
DUNS # 016167285, and
State of Connecticut Department Of Public Safety,
Department Of Transportation and
Department Of Energy and Environmental Protection
.

 

The United States of America

Connecticut Assembly

Notice to Principal is Notice to Agent, Notice to Agent is Notice to Principal

DIRECTIVE

Ct 03-2020-000001

From: Gary J. Meade
The Connecticut Assembly
c/o Post Office Box 185732
Hamden, Connecticut 06518

To: OFFICE OF GOVERNOR
Ned Lamont, Acting as NED LAMONT,
GOVERNOR
STATE OF CONNECTICUT
DUNS # 016167285
c/o State Capitol
210 Capitol Avenue
Hartford, CT 06106

State Of Connecticut
Department Of Public Safety
Commissioner James C. Rovella
1111 Country Club Rd.
Middletown, Ct 06457

State Of Connecticut
Department Of Transportation
Commissioner Joseph Giulietti
2800 Berlin Turnpike
Newington, CT 06131-7546

State Of Connecticut
Department Of Energy and
Environmental Protection
Commissioner Katie Dykes
79 Elm Street
Hartford, CT 06106-5127

    1. Many Americans do not realize that they have been misidentified as either “United States Citizens” or “citizens of the United States” or “US CITIZENS” and thereby, almost from birth, have been trafficked into a foreign political status and presumed to be subject to foreign jurisdictions of the law; however, a substantial remnant of the population of each State of the Union has timely addressed this unlawful conversion, reversed it, and they have then also restored the actual State Assemblies, including the Connecticut Assembly;

    2. The government of The United States of America, our unincorporated Federation of States operating in international jurisdiction, is made up of  three branches: Federal, Territorial, and Municipal. The American subcontractor known as the States of America which was responsible for running the Federal Republic, was never properly reconstructed following the Civil War and has been missing – presumed to be in interregnum since 1860;

    3. Despite this lack of one-of-three Federal Subcontractors, the intended Delegated Powers naturally revert to our Federation of States by Operation of Law, and the actual government of this country remains vested in its people and their physically-defined States of the Union, and this republican form of self-governance is contractually guaranteed to each state without exception;

    4. This government “of, for, and by the people” is not always in Session, but when properly populated and assembled as it is now, it presents itself as the lawful and sovereign government, the Employer of both the Municipal STATE OF CONNECTICUT and the Territorial State of Connecticut. The actual state, Connecticut, does not take orders from its Employees; instead, the Connecticut Assembly, which is populated entirely by properly declared Connecticans, tells its Employees what to do;

    5. For many decades the Municipal United States Government has operated as a plenary oligarchy authorized by Article I, Section 8, Clause 17 of The Constitution of the United States. This foreign government which was only intended to provide a government for the Municipality of Washington, DC has usurped far beyond its intended role and has operated outside its set boundaries by establishing Municipal Corporations throughout this country and around the world. The parent corporation responsible for these criminal usurpations was bankrupted in 2015;

    6. The United States of America (Unincorporated), is directing the international bankruptcy trustees to return the assets of Connecticut which were being mistakenly held in trust by the Territorial State of Connecticut and the Municipal STATE OF CONNECTICUT the Custodian of Alien Property (now a function of Attorney General Barr) and the United States Secretary of the Treasury.

    7. We Connecticans, have become fully aware of the institutionalized fraud and racketeering being addressed to us by our Employees – via improper registration and certification activities on our soil, via the equally improper issuance of Certificates of Title, including issuance of foreign land descriptions and titles, foreign registrations of birth, and licensing wherein the STATE OF CONNECTICUT Corporation seizes upon private property and charges Connecticans rent on our own assets and foists off fraudulent “future lease purchase agreements” benefiting the Territorial State of Connecticut as mortgages purportedly owed by “residents” of Connecticut – that are all foreign Municipal PERSONS merely named after actual Connecticans without their conscious knowledge or permission;

    8. All the aforementioned deliberate and constructive and unconscionable fraud results in the issuance of licenses to Connecticans under these aforementioned False Presumptions of Federal citizenship, which then serves to unlawfully convert our unalienable rights into privileges and mischaracterizes us, again as Federal citizens. The actual Federal law is clear and applies to all federated States of States and incorporated Counties:

      “No state may convert any secured liberty into a privilege and issue a license and a fee for it.” -Murdock v. Pennsylvania, 319 US 105:(1943).

      “If the State converts a right into a privilege, the citizen can ignore the license and fee and engage in the right with impunity.”-Shuttlesworth v. City of Birmingham, Alabama, 373 U.S. 262.

      If no State has the power to convert a secured right into a privilege, no state-of-state or subcontracting agency can obtain any such ability from a State via any delegation of power;

    9. Connecticans are owed all of the Constitutional Guarantees published in both The Constitution of the United States of America and The Constitution of the United States. Article VI, the Supremacy Clause, states that “no thing” –  no claim, no code, no regulation, federated State of State statute, no contractual process or legislation can overcome this Supreme Law of the Land. Amendment X just as clearly retains and reserves all powers not explicitly delegated to the States and people – that is, to Connecticut and Connecticans. And finally, Amendment XI prohibits the application of foreign law to Connecticans. Foreign law includes Territorial and Municipal code and the statutes of federated States of States, such as the State of  Connecticut and STATE OF CONNECTICUT;

    10. Any “State’s interest” in public health, education, or welfare is Connecticut’s interest, not the State of Connecticut’s interest, so long as our State Assembly is in Session. We do not require the State of Connecticut to represent us or to act in any custodial capacity whatsoever while the actual Connecticut Assembly is in Session, and you may so inform your bankruptcy Trustees;

    11. Connecticans who are members of the State Assembly have properly declared their political status and there should be no misunderstanding about who they are: the actual Employers of all levels of Public Employees – which includes all Federal personnel and all federated State of State personnel, their dependents and franchises;

    12. Our contracts as Connecticans are directly with the Pope, the Queen, and the Lord Mayor of London; we do not have direct contracts with the UNITED STATES, INC, the USA, Inc., or any subdivision, franchise, or agency subcontractor thereof. We deal at a higher level of administrative capacity three levels of administration above the level of Governor of any State of State organization;

    13. We are bypassing those normal channels of delegation and speaking directly to you because our Assembly is now in Session and because various actions that you have taken, apparently upon your own volition, have been contrary to our Public Good and have usurped against the limitations of your commercial service contracts in unacceptable ways;

    14. Charges against Governor Jay Inslee of Washington have recently been brought for damages resulting from his over-reaching of his authority and various “proclamations” he has made mandating business closures and other measures. His response to his accountability to the public was that he couldn’t be held responsible for the results of his proclamations because he never enforced them. He blamed the victims. It was their fault that they mistook the limits of his authority and suffered as a result. We are not making that mistake in Connecticut;

    15. All Connecticut businesses that serve the public will be opened for business no later than October 1st 2020;

    16. All private federal corporation franchises in Connecticut, including military facilities that provide services to retired military personnel who are now civilians, will be open for business no later than October first of 2020;

    17.  The World Health Organization has now admitted that “Covid 19” does not exist and that this entire “exercise” was pre-planned in the nature of a fire drill and that no pandemic exists. We expect you to get back to business and quit obstructing our trade with the greatest alacrity and we also expect an end to the abuse of our public airwaves purveying propaganda related to this farce;

    18. Our government, the government of the People of Connecticut, has never declared any “emergency” and does not grant any special imaginary “emergency powers” to our federal subcontractors;

    19. State Credentials are being issued for the members of the Connecticut Assembly to make your jobs easier; you will now have an official data base and be able to identify the Connecticans and other Americans as a separate population not voluntarily involved in any federally regulated commercial activities and not subject to any obligations as federal citizens.

Additional Administrative Matters:

    1. We request and require that Connecticans have access to directly purchase private automobiles and receive the Manufacturer’s Certificate of Origin (MCO) without interference or interception by any federal agency, department or State of State franchise;

    2. We request and require that Connecticans’ natural exemption from registration of their private automobiles be recognized and published and that Connecticans who are not using the public roads for the benefit of commercial enterprises be issued “Regulation Z tags” to replace registration tags on their cars and trucks and to serve as notice of private use status;

    3. We request and require that all federal, state of state, and incorporated county personnel and organizations operating within the physical boundaries of Connecticut be properly educated and advised of the following facts:

      3.1. Connecticut State Nationals and Connecticut State Citizens, herein referenced throughout as “Connecticans” exist apart from all federal citizenship obligations and represent, from the federal and federated state-of-state perspective, a non-domestic population which is naturally exempt from federal code and regulation, except insomuch as some rare individuals may actually be engaged in the interstate manufacture, sale, or transport of alcohol, tobacco or firearms as properly defined;

    4. Connecticans are not to be detained or arrested for code or statutory infractions;

    5. Connecticans are free to travel in unregistered private-use cars and trucks and are not subject to licensing of their private use of public roads, their marriages, or their unregulated business activities; as a courtesy, Connecticans will be issued State Credentials in lieu of Driver Licenses and their declaration of political status will be recorded and available in public record;

    6. Connecticans may be in possession of guns and other weapons, either concealed or open carried;

    7. Connecticans are owed all Constitutional guarantees and exemptions and claim these guarantees and exemptions;

    8. Now that the Connecticut Assembly is back in Session, you will be aware of Connecticans as a separate population and will be dealing with our Assembly Sheriffs and Court System; the Connecticut Court System is being restored under the provisions of Ex Parte Milligan, 70 US 2; our Connecticut Court System serves Connecticans populating the land and soil jurisdiction of Connecticut, while the State of Connecticut Court System will continue to serve Territorial and Municipal residents of our State;

    9. Any incorporated entity or foreign Person/PERSON operating unlawfully or for unlawful purposes in Connecticut is subject to international prosecution and revocation of their charter and additional fines, fees, and punitive measures may apply;

    10. All personnel attached to the State of Connecticut, the STATE OF CONNECTICUT, their agents, receivers, seconds, successors, and assigns. parent corporations and principals are hereby requested and required to take affirmative action and prudent notice in Compliance with this  instruction from the Connecticut Assembly, issued this 20th day of August in the year of 2020:

Most sincerely and by my hand and under seal.

All Rights Reserved by: Gary J. Meade©

Gary J. Meade©, Coordinator, Connecticut Assembly

 


18th of September 2020 – 2

Notice to Attorney General William Tong

The United States of America 

The Connecticut Assembly

RF 197 933 178 US

From: Gary J. Meade
Connecticut Coordinator
C/0 Post Office Box 185732
Hamden, Connecticut
Postal Code Exempt


To: Office of the Attorney General
165 Capitol Avenue
Hartford, CT 06106

Dear Attorney General William Tong,

It is apparent that you have not been properly informed:

1. All fifty of the properly qualified and declared State Assemblies are now in Session;

2. The Municipal title taken on our property is being dissolved. When that process is complete, the Connecticut State [Land Trust| will also collapse and revert to the People of this State;

3. The People you are addressing are State Citizens and State Nationals of Connecticut, the actual civilian owners of Connecticut;

4. We are not Territorial Citizens nor are we citizens of the United States; we are non-domestic with respect to you, your law, your functions, and your authorities;

5. We have never been involved in your Civil War, which is in fact an illegal mercenary conflict; The other Principals responsible for exercising our delegated powers have received our mandate; our employees are not allowed to conduct warfare, including lawfare, on our shores;


7. Your Civil War is over; all presumptions otherwise are set aside;


8. Our civilian Courts of Record are in operation and under the provisions of Ex Parte Milligan, 71 US 2, your State of Connecticut courts are obligated to withdraw and may no longer address us;


9. Any remaining exercise of Territorial Law must be applied to actual Territorial Subjects and Subject Matter;


10. The standard of evidence your courts must meet in establishing such claim of jurisdiction is set Forth here: 2 Stat. 153, Chapter 28, Section 1, enacted April 14. 1802, and otherwise stated as Revised United States Statute-at-Large 2165;


11. You and those others presuming to enforce the Lieber Code on our civilian population are in fact our employees acting improperly under presumption of powers never granted to you;


12. The only Law that we have in common with you as State of Connecticut Attorney General is The Constitution of the United States of America; likewise, in your role as STATE OF CONNECTICUT ATTORNEY GENERAL, the only Law we have with you is The Constitution of the United States-and in either case:

13. Refer to Article VI — The Supremacy Clause;

14. Refer to Article IV – your obligation to protect our persons (under 1789 and 1790 definitions of “person” and property. This does not provide for assumption of any Ultra Vires trusteeship or custodial role for the State of Connecticut;

15. Refer to Amendment X – Reserved Powers regarding all matters not specifically addressed and delegated— your presumptions of “war powers”, “emergency powers” and custodial interest are all subject to our Reserved Powers;

16. Refer to Amendment XI – Americans are not subject to foreign law, including foreign statutory law promulgated by Territorial and Municipal legislative bodies;

17. As the foregoing makes explicit and clear, the one who is apparently not aware of the applicable Law, is you. You have now been fully informed of the facts, the Law, and the circumstance. The actual Connecticuters have accepted our right and responsibility to self-govern, have accepted all of our Constitutional Guarantees, and you are now being directed to return to peacetime status without further obfuscation or delay.

Best Regards,

Gary J. Meade

Connecticut Coordinator

The Connecticut Assembly

 


20th of August 2020

Notice to Ned Lamont,
Acting as NED LAMONT, GOVERNOR, STATE OF CONNECTICUT
DUNS # 016167285

The United States of America
The Connecticut Assembly

Post Office Box 185732
Hamden, Connecticut
Postal Code [06518]
August 20, 2020

RE 197 932 447 US

Notice to Agent is Notice to Principal, Notice to Principal is Notice to Agent


To:
OFFICE OF GOVERNOR
Ned Lamont, ACTING as NED LAMONT, GOVERNOR
STATE OF CONNECTICUT DUNS # 016167285
c/o State Capitol
210 Capitol Avenue
Hartford, CT [06106]

From:
The Connecticut Assembly
Post Office Box 185732
Hamden, Connecticut
Postal Code [065181]

Dear Governor Lamont,

This is lawful and legal Notice that the properly populated Connecticut Assembly is in Session. The Connecticut State Trust is now vested in us and we acknowledge and accept it. To further clarify, The Connecticut State Trust collapses and returns to the oversight and lawful possession of the “presumed donors” of said Trust.

Please further note, that we have not declared any Emergency related to the corona virus and do not authorize any contact tracing, forced vaccinations, or lockdown measures. We acknowledge the actual science regarding this novel Covid-19 and the inventors who have filed Patent in the US Patent office some years ago. We have reviewed the work, the intentions of the work, and have related it properly to recent events now playing out on the world stage so we are quite competent of our assessment of the “live exercise” being administered unlawfully both here and abroad.

I will reiterate here for clarity’s sake, The Connecticut Assembly has declared no “state of emergency’ in regards to this matter and all damages it has caused. Furthermore, We have observed each of your executive orders and are aware of your numerous “declarations of war” on a more virulent form of the common cold, purposely engineered as such. We find this behavior and all actions taken by those responsible for this “science” to be a blight on our land and soil, the very ground that we are stewards of, and with that, it is our intention to bring any similar behaviors to a resolute end within the land boundaries of Connecticut once and for good. To be very clear, The Connecticut Assembly has declared no such war on this engineered “virus” and we request and require that you cease and desist on any further use of inflammatory rhetoric. The proper steps moving forward with your press conferences should be to communicate clearly to the municipalities in all eight counties whether openly, which I encourage, or via your administrative duties with your staff via phone calls or teleconferences and urge a de-escalation of this intentionally caused tension and unrest in Connecticut, the effects of which are extensive and damning to your Office of Governor and a serious Breech of the Peace as well as an egregious Violation of the Public Trust.

Per Ex Parte Milligan, 71 US 2, which applies to our population — no legislative, executive or judicial officer may disrespect our constitutional guarantees regardless of any emergency and any such emergency must, by process of law come through our Assembly and our Elected Offices and not through the office of our contractors acting under charter and certain limited and clearly enumerated powers granted for the execution of providing services under contract in good faith.

Please reference Article IV to understand your obligation to protect our persons and property without arrest, invasion of our privacy, or other imposition. Please return your employees and dependents to normal status as soon as possible. Many of us are non-domestic with respect to your office. We are, and have been greatly troubled by how this has been handled by not only your unlawful lead, but at the county and township level, the municipal posturing of local governments has been further exacerbated by your actions and must be corrected by your actions publicly. I encourage you to make your necessary corrections and instruct your incorporated Town of Town Mayors to tread lightly on their soil and respect the common law of Connecticut as soon as you are in receipt of this registered notice.
It should also be noted here that a certain vote took place in 2000, eliminating the office of High Sheriff. We question the validity of this vote and consider it to be erroneous and Null as it is in times like these that such an office is vital for the functions of peacekeeping in all local affairs, the absence of which has blurred the lines of jurisdiction and is quite offensive to our system of self governance as a whole society. I encourage you to contemplate the enticements of Federal Block Grants accepted by your predecessors and look at the end results as we move forward. We find such a drastic change to be quite ill advised.

Thank you for your immediate attention in this urgent matter.

Sincerely, By: Gary James Meade©

By: Gary James Meade©
The Connecticut Assembly
State Coordinator / Recording Secretary

  •  

     

    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

     

     

  •  

    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