My Question is a Simple One

My question is: Can we pay off our debt?

Can we become a debt-free nation, or will our economy become completely consumed by our debt?

This is my first attempt to write a book. It was written in November and December of 2016. I’ve always wondered exactly what keeps bringing our economy up and down and up and down. I had a bad turn of Fortune in my own life financially and I spent some time trying to figure it all out. I wrote this book which I decided to sarcastically call if Eric ran the world.

The question comes down to, ‘How much money do we owe?’ and ‘How much money do we have?’

When I ask Google ‘What is America’s total Debt?’ I get answers all over the board from 13 to 67 trillion. Which one’s right? When I think about Total-Debt, I am assuming everything. The 67 trillion that I will be using comes from www.usdebtclock.org and it includes Personal debt, Mortgage debt, Student Loans, Credit Cards, Business debt, State and Local government, the Federal government, and financial institutions. US total debt from usdebtclock.org as of 12/2016 is 66.9 trillion dollars. To me that’s Total-Debt.

When I talk about Total-Money once again I find there are all kinds of different answers. There are 5 different “standard” ways of measuring the money supply, M0, M1, M2, M3, and M4. I’m looking at total cash and what the banks say we have in our accounts, aka M2 money. The total amount we have on hand to spend.

Somebody’s added some new types of money that I don’t think are helpful. One of the new forms of money started appearing around 2008 to 2010, and at the same time, the total payoff of the stock market started disappearing. This new type of money came with a very complicated way of explaining what this money is. This new money is called Currency and Credit Derivatives, and Credit Default Swap, and it sounds like it gives you the right to use your stock certificates as a way to pay for the stuff you want to buy if you run out of money. It would be like using your General Motors stock certificate as a guarantee of payment for a meal at McDonald’s. I am not counting these types of money.

The Credit-Default-Swap, CDS, was invented by Blythe Masters from JP Morgan in 1994. (You can find this information online at places like wikipedia.org) The more you read about credit default-swaps, the more you start to realize it’s just a bunch of double talk. It sounds like the agents of the banking system are trying to use the stock market as a way to cover their asses. You should be very concerned when the banking system is trying to lean on the stock market.

I am extremely concerned about the stock market and some of the tricks it plays with our money. I consider the stock market one of the biggest financial problems in America, but at the moment I don’t have a plan as to how to fix the stock market. I do have a lot of good ideas brewing, I just need to spend some time and organize them and come up with a great plan.

It is so easy to get distracted by silly details and find yourself talking about one tree or a single branch or maybe even a leaf in the entire forest. I’m trying to talk about the entire economy, not problems within it. Let’s get back on track. We need to stay on the debt and the entire economy, I have an excellent proposal for curing the problem of our ever-expanding debt, and the entire economy.

One thing most people don’t realize is that America only has about 13 trillion dollars to spend, and less than 4 trillion of that is real cash (M1 money). The rest of ‘the money is stuff like savings deposits, time deposits, retirement accounts like IRAs, and money market mutual funds (M2 – M1 money).

Our public debt is about 22 trillion and our private debt is about 44 trillion for a total debt of almost 67 trillion dollars. Take a look at (www.usdebtclock.org).

Can we pay off our debt? We have a total of almost 13 trillion dollars to spend. Our total debt is almost 67 trillion dollars. The answer is no! They’re simply not enough money. If we try to pay off our debt, public or private, we will collapse our own economy. If we continue borrowing to keep our economy propped up, it will eventually collapse on its own, and we will likely blame everyone but the banking system.

If we took all of our money that we have to spend, (I mean everything! There would be nothing left for tomorrow anywhere, as in no money for paychecks, no money for your groceries to your bills. All the money!) and gave it all to the banking system, we would still owe over 53 trillion dollars and have no money left in our economy at all.

The next thing we would need to do would be to start surrendering assets, things of value. Depending on what you consider an asset, America’s total asset value is approximately 120 trillion to 225 trillion dollars, (both of those numbers are from the Federal Reserve) so depending on which number you want to use, we would have to surrender all of our money and approximately 25% to 50% of all the assets in America, just to become debt-free. This is an example to try to show how upside down we truly are.

If we all wanted to become a debt-free nation, we would need to give all of our money and most of our assets to the Bank. The only way to get our assets back from the Bank would be to borrow money from the Bank, then give that money back to the Bank to buy our stuff from the Bank. None of that money would go into the economy, so there would be no money in the economy to earn to be able to afford our first payment to the Bank on the loans.

10 People and $1,000

So how did we end up in a situation where we owe more money than we’ve got? I like to tell a little story I called 10 people and $1,000. Let’s simplify things and try to make it easy to understand our economy by removing a lot of variables. Ultimately the variables really don’t add up to much in this equation, because they’re not in the trillions of dollars, and most of them offset each other in the long run. We need to just look at what if our entire economy was 10 people and $1,000. Let’s assume we start out with everyone having a hundred dollars. Let’s assume that one person decides they want to be a Banker, so they loan their money out. The ideal interest rate that Banks want is 6%, and with 6% at 30 years you will pay back about triple what you borrow. At the end of 30 years, this Banking person has collected $300. If Mr. Banker does it again he will collect $900 in a world that only has $1000. At this point 9 people would be sharing $100 in this economy, they would want (maybe even need) a loan. If Mr. Banker does it again, he’s going to collect $2,700 in a world that only has $1000. Mr. Banker would understand that he must loan the money out as fast as he’s getting it in, in order to keep the economy alive. By doing that we the people get deeper and deeper into debt and become more dependent on loans.

The Basic Idea of a Loan

The basic idea of a loan is, that at a later date you will go out into the economy and find your money and more so you can return it to the bank. Because of the and-more “Interest”, we quickly end up in a situation where we owe more money than we’ve got. In order for me to pay my loan, I need to go out in the economy and find my money and the money of one or two other people’s loans and send it back to the bank to pay my loan and its interest. Now those people are going to try to pay their loans and they have to find other people’s money plus a few more and send it back to the bank to pay their loan and interest. Once you start down this road there’s no recovery from it, it is a constant spiraling issue going quicker and quicker and quicker. At some point, we’ll be giving the money back to the bank faster than we can borrow it.

I Make an Honest Living

I used to think that I was not part of the problem. I thought it was all a big government thing. I make an honest living. I’m an electrician, and I work on major construction projects. I get a paycheck at the end of the day for the work I do. I thought about it for a bit and I realized that my boss got his money from the contractor, and the contractor got his money from the project manager, and the project manager got his money from the owner, and the owner got their money from a loan. This means that all the money that I receive is money that the owner has promised to pay back to the bank and more. This means everything I buy is with money that someone else has promised to pay back to the bank. Then I use that money that I’m receiving to show the bank that I can afford a loan on a car or house. Then the people who make the cars and the houses will use my money to show their bank that they can afford a loan. Thus it keeps going, and going, and going.

Our Gross Domestic Product

One of the answers I regularly hear to address the problem made by Mr. Banker is the GDP. Our Gross Domestic Product is simply a reflection of how fast we’re willing to move our money around the table over time, and not how much money is actually on the table. When we pay our debt we remove money from the table and have less to spend, and we slow down the GDP. The only way to get more money on the table is to borrow it, and borrowing money will speed up the GDP. Using the GDP to show our ability to pay off our debt to me is incredibly misleading. Its kind of like me asking you ‘How fast is your car?’ and you tell me ‘I’ve driven a million miles.’ The question and the answer have nothing to do with each other, but it kind of sounds like it does.

Calculating our Debt-to-GDP Ratio

I’ve been hearing a lot about our Debt-to-GDP thing, and somehow that this makes it all just fine, nothing to worry about. They’re talking about Debt divided by GDP equals a ratio or percentage. Depending on which numbers you choose to plug into this equation it will move that percentage all over the place, making the Debt to GDP ratio thing a rather useless idea. If you’re willing to look at Debt and GDP you’ll quickly realize they really have nothing to do with each other. What they’re trying to say is, if we move our money around the table fast enough, that somehow we’ll have plenty of money to pay our debt. As long as the percentage stays at a certain rate it will all work, so don’t worry about it.

Apparently, if you move your money around from one checking account to another quickly you’ll have more money. Back to my car reference, it’s kind of like saying that if your car has more miles on it, it will somehow affect your speed. If that happens it simply means that some part of your car is broken.

Print More Money

The next answer I regularly hear to fix our debt problem is ‘We can just print more money,’ also known as Quantitative Easing. When we print more money it doesn’t just end up in the hands of those people who are in debt. Our money system is owned by the Federal Reserve, and they are not part of the federal government. When the Federal Reserve prints more money they do it so they can loan it to us. When money is loaned to us we agreed to it, over time find that money in the economy and more (what they call Interest) and give it back to our banking system. There’s nothing wrong with borrowing money and returning the money you borrowed, it’s the Interest, or the and-more as I call it, that’s causing the problem. There’s nothing in our system that adds money to our economy at the speed we’re agreeing to pay it to the banking system, and if there was, we would end up with such a bad case of runaway inflation that our money would quickly become useless.

Our money system is a zero-sum gain system. What this means is there always needs to be about the same amount of money on the table at all times. People think that you can just print more money to fix the problem of our debt, but what happens is the product that we buy will always need to purchase with the same percentage of money. Basically, if we double the money supply in our system, our staff will end up costing twice as much, thus maintaining the same percentage of money. This is called inflation.

The Bank Spends Money

The best argument I’ve heard as to why we shouldn’t worry about our debt is the bank spends money, and that money is not borrowed. All of this is true. Remember earlier when I said don’t worry about the small numbers because they all average out in the long run. I still stand by that remark, but we will look at this thought.

The question comes down to how many people would the banking system have to employ, and for how long, in order to put 67 trillion dollars into our economy so we could afford to pay off our debt without collapsing the US economy? There are about 150 million workers in the US. That means we need about $440,000 per worker to be put back into the economy. The average bank teller makes about $35,000 a year, so all of us would have to work for the bank for 12.5 years in order for the banking system to put 67 trillion dollars of unborrowed money into the US economy. Our debt is still rapidly climbing so at the end of these 12.5 years the debt would still not be paid off.

I will admit it’s a little hard to pin down this number but it looks like about one-quarter to one-third of us would have to be working for the banking system just to stay equal with the amount of money we’re promising to pay the banking system in interest.

Business, New Jobs, and Gold, Make Money.

Business and new jobs make money. I hear this a lot even on the news. Business and new jobs help move the money around just a little bit faster and this increases the GDP, but it does not increase the amount of money sitting on the table.

I’ve also heard it said that creating value, owning valuable things, or finding valuable objects, creates money, like gold and diamonds. Unless we are trading in whatever that thing is we are not creating new money. If we start trading in that new or valuable thing, then we are creating a new form of money.

What is an Economy?

I’ve been asking this question of people, “What is an economy?” What I’m learning is most of us talk about the economy in terms of our personal checkbooks and the things that affect us, such as what we’re going to buy, how we’re going to save, and when we’re going to borrow.

Although our personal checkbook economy is important to understand, I believe it’s more important to understand the big economy of our nation’s money. This is the economy we live inside of. The big economy is what is regularly choking, stumbling, and giving us all problems. When there is talk about fixing our economy you regularly hear that the Federal Reserve (a privately owned banking system) is lowering interest rates.

Why would lowering our interest rates help fix or repair our economy? When the Federal Reserve lowers interest rates it is predictable that more people will take out loans to buy stuff, when we buy stuff with borrowed money we increase the money supply and we create jobs. With more jobs, there is more movement of money in our economy and we’re more likely to spend money to buy things. When we buy things that are made locally, we give our neighbors jobs, and when our neighbors have jobs, and when they buy things that are made locally they create jobs. The party is on when we’re borrowing money, and everyone feels good. No reason to fix the problems since there don’t seem to be any.

When we borrow money, we agree to pay it back and we agree to pay back more money than we are going to borrow, sometimes a lot more. The overall effect of borrowing money to fix our economy is that when we are paying back our loans we are collapsing our own economy. Since we agreed to pay back more than we borrowed our economy will actually end up in a worse place than where it started.

I’d like to make it clear that there is no problem with borrowing money and paying back what you borrowed since that makes perfect sense. The problem occurs when we pay back more than we borrow, which is normally called interest.

The payment or charging of interest in any form will single-handedly destroy any economy that allows it.

Do We Need To Fix Our Economy?

Let me let the genie out of the bottle: we are bankrupt. And so is almost every economy around the world.

Our economy isn’t about how I’m doing or how you’re doing, it’s about how all of us are doing. Most of us are one paycheck away from Total Financial Disaster. Our economy is about the health of our country and right now our country’s economy is not doing that well. Listen to the news, you’ll hear people talking about the struggling economy.

Most of us would have a hard time finding $1000 in our budget for an unexpected repair. We have almost 13 trillion dollars in our economy. Let me put it in numbers that might be easier to understand. If we were to take all of that 13 trillion dollars and divide it up evenly among every taxpaying citizen in America, each taxpaying citizen would have about $33,000 in cash and about $66,000 in their checking or savings account. If two people are working in your household then double that. If the middle class was truly in the middle of our economy then, half the people you know should have that kind of money at their disposal at all times. Yet most of us would be hard-pressed to find one out of ten of our friends that are in that position.

Most of us know something is wrong, and we’re blaming this side or that side, and we’re saying somebody needs to fix this, and we’re watching the news and getting our opinions from small sound bites without looking into it. It’s extremely hard to focus on any of this stuff because it’s better for them if we don’t. We keep listening to news reporters squabbling about this or fighting about that. News and politics should be extremely boring and as soon as it not boring you need to ask yourself ‘am I being manipulated?’ I do believe there is a bit of a conspiracy going on out there, but this conspiracy is kind of a natural side effect when you have an economy and a money system that’s based on the creation of wealth. Become highly aware of the techniques used to manipulate society and don’t get your news and information from one source. I could write a whole other book about The Conspiracy within America but I’m getting off-topic and need to be talking more about the economy.

Buckle up, this is about to get good.

We Can Fix This Problem in 3 Steps!

I have a 3 step plan that will fix our economy without wrecking our economy or kicking the can farther down the road.

I see these three steps to be our Mandate.

Step 1, Forgive All Debt!

What do we do with all of this debt? It’s pretty obvious that we can’t pay it off. The object of giving a loan is done with the understanding that you may not get paid back, there is risk involved and there needed to be risk involved, risk is part of what makes loaning money work. The banking system has willingly put us in a place where we owe over five times more money than we have. The first step is to clearly understand that we can’t pay the debt off. If we can’t pay the debt off then forgive all the debt, public and private.

All or almost all of the debt needs to be completely forgiven. I have two reasons for not get forgiving all of the debt.

It is going to take a year or two to get this setup, and I don’t want to see people run out and buy a car and or a house thinking that somehow they’re going to get it for free. Also, it’s important for the banks to not stop giving loans, The Advisory Boards (part of step 3) will need to come up with methods to help the banks remain comfortable during this transition.

A certain portion of the money that is out there in the economy is the money that is going to be constantly recycled for loans. If we create new money to loan out then we will drastically increase the money supply in our economy, which tends to create rapid inflation and quickly makes our money useless.

The loans that would remain would be an extremely small portion of what’s out there right now. Most likely it would be the more recent loans and they would likely roll over to an interest-free or to interest-reduced loans, but these methods and decisions once again would be up to the Advisory Boards (part of step 3).

Stimulate the Economy!

Forgiveness of debt is also an amazing way to stimulate the economy. Suddenly these people who were just able to pay their bills are now going to have money to buy things, and if they remember to buy things that are made locally, then they are voting for our neighbors to have jobs.

New Jobs!

All of this money that was used for payment of debt will now be staying in the economy and increasing the GDP. This increase in our Gross Domestic Product will also create jobs.

These people who use to collect debt for a living are going to find themselves with new jobs where they’re actually going to help build America back up instead of being part of what was tearing it down.

Step 2, Take Back Our Money System

To keep us from going down the same path again we need to take our money system away from any company or organization that profits from the handling of our money, like the Federal Reserve, all for-profit banking systems, payday loans type systems, and credit card companies. We need our money system in the hands of the people and the federal government.

Having a for-profit banking system controlling our money is kind of like thinking that you must rent your car keys from a privately owned business. Think about it for a second, if you own your car completely, no payments, it’s yours! But the normal thing to do is, rent your keys from a for-profit business so that you can use your own stuff. That’s just how completely insane it is for us to allow a business to control America’s money system so they can profit. It’s America’s money system to be used by us. Why are we paying a privately owned business rent (in the form of interest) to use our money?

We owe well over five times more than we’ve got. The Banking system has already proven that they don’t have our best interest at heart and that they are not working for the betterment of America or its people.

Our money system needs to be used in a manner that helps all Americans succeed and live well. Our money system needs to work for the people. As it is now, if we miss a few payments, for whatever the reason, they will fine you and charge you fees, and your credit rate gets adjusted so the interest rates go up on future loans. Eventually, you will have your home and or your car was taken away.

You should not lose your home and or your car just because you lost your job. The most profitable thing a business can do is repossess and resell the property. This is just what a for-profit business does. After all, it’s just business. It’s our money system being used against us for their profit!

Step 3, The Advisory Boards

When we do this, step-3 will need to be set up first.

I don’t believe the government or the people have enough knowledge or consistency to be able to carefully guide the biggest system America has in a manner that will keep it working long-term and for all the people. Trusting the banking system and big business to take care of the people has regularly turned out to be a bad idea.

The government should have a money system. But somebody else should control it. It needs to be a group or segment of the people, an Advisory Board of the People. And this group must be as free of outside influence as possible.

In order to keep this Advisory Board free of outside influence and away from the lobbyists, we will need to guard their identity when in office. However, it’s extremely important that we know what they’re doing and have some method of public input.

The process of picking who would represent us in the Advisory Boards needs to be relatively impartial and free of outside influence.

We need people on this board who understand mathematics, economics, history, and psychology.

We need people on this board that are enthusiastic and have an extremely optimistic view of our country.

People who sit on this Advisory Board should not have any method of profiting from their decisions.

Our money system must be managed in a manner that is fair and equitable for all segments of our population.

The board can and should reach out to any group or segment of the people and ask for their input.

Individuals, groups, and organizations, wishing to have input to these boards shall create an application that explains the following: who they are, who they represent, and what kind of information they can provide. It shall contain fewer than a thousand words.

America is supposed to be ‘for the People, by the People, and of the People.’ This also means that we must trust our neighbors to do the right thing for all of us.

This Advisory Board should be big enough to represent our entire country and yet small enough that it hears the voices of the people.

Some of the best ideas have come from American university campuses. These people are still flexible and think outside the box. The university students are a wise choice as to who would be a good do-the-right-thing group, and a good segment of the people to be advising and making rules for our government-owned American money system.

The entire reason for selecting University Students is an attempt to look for people who are tuned-in to the stuff that can, does now, and will continue to, affect and control our money system. I still maintain that we the people can be too easily misled by our new systems, advertising, talk radio, and political commentary shows.

We need to get as many parts of our American System away from for-profit companies as we can. If America is for the People, by the People, and of the People, then we need to learn to start trusting our neighbors.

Some of the world’s most famous discoveries have been made through university research. Some of these innovations save lives, and others have changed the world. Our nation’s universities are the hub of knowledge and discovery, These students go on to become the next generation of scientists, engineers, teachers, and leaders in government and industry.

Some of the stuff universities have invented, developed or helped change are: (See the list at the end of this book in ‘A list of lists’)

Some of the universities that might be involved are, (See the list at the end of this book in ‘A list of lists’)

Campuses have always been at the Forefront of Controversial and Cutting Edge decisions. Most of the time, once we the People calm down, it turns out that they have good points or even that they are right. The earliest one in my memory was the protests of the Vietnam War.

Some of the things that have happened on University campuses are, (See the list at the end of this book in ‘A list of lists’)

Building the Boards

Back in the days of old, Kings and Queens would call in the elite or the educated for advice and counsel. We have a lot of Universities full of wise and optimistic students that can and will represent us well. We the people need to give our University system a mandate and a mission statement of what we’d like to see out of our money system.

The students of all universities did a lot of research to figure out which university would best suit their academic needs, so they are the ones most qualified to be voting on which university would best advise our monetary system.

There will be 12 University Advisory Boards with 12 members on each Advisory Board, for a total of 144 members.

This process will repeat every year and be in sync with the start of the school year.

All appointments will be limited to one year.

Voting for the Universities

Each year, every student, at every University would be given three votes, each student will pick three different universities that the student believes would be the best university to host the Advisory Board within their district. The reason for three votes is that students are likely but not obligated to vote for their university, but then they have two more votes to pick other universities within their district. All votes within that district will be added up, and the university with the most votes wins. This would create a way to select the best universities in each of the 12 districts.

The districts would be the 12 already-existing banking districts that are within the Federal Reserve System.

The winner of the Advisory Board universities could be announced if the president of the University wished it so.

The Advisory Board University is a 1 year position and an elected university cannot accept this position for the next 4 years.

Faculty will decide a process to ensure that all students are informed about what they are voting on. All students will be given an option to opt out for that year if they choose not to be involved.

Each student at every University will receive a grade on their permanent record for voting in the University Advisory Board system.

A, for participating.

B, for not participating in a timely manner.

F, for failure to participate.

Voting for the Advisors

The students that qualify for the election process to the Advisory Board will be attending the advisory university, will be in their last year of school, and are considered to be at the top of their class in one or more of the four qualifying disciplines. Each student will represent one discipline, and there will be three members from each discipline.

Every qualifying student who wishes to run for a position on their Advisory Board will state which one of the 4 fields they wish to represent on the board and will submit a job application limited to a thousand words and a 10-minute video, and nothing more. All applications and videos will be placed online for viewing by the student body.

All students attending a winning Advisory University will vote for the Advisory Board members. The reason for limiting the voting to the university students on the winning advisory board campus is because those students should know or be aware of the individuals who are applying, so they are the ones most likely to understand who would be best to serve on the board.

Faculty will decide a process to ensure that all students are informed about what they are voting on, and all students will be given an option to opt out for that year if they choose not to be involved.

Each student will be allowed 4 votes, one vote for each of the 4 academic fields.

The four qualifying disciplines are mathematics, economics, history, and psychology.

All votes will be added up, and the 3 individuals that received the most votes in each of the 4 fields will make up the 12-person board.

Three members representing Mathematics, Three members representing Economics, Three members representing History, and Three members representing Psychology, will make up the 12-person board.

Each student voting for the Advisory Board members will receive a grade on their permanent record for participation in this system.

A, for participating.

B, for not participating in a timely manner.

F, for failure to participate.

The winners of the Advisory Board will be announced after their term is done. This is to avoid the lobbying that will certainly take place on these individuals while they’re serving their one-year term. Anyone attempting to lobby these individuals will serve jail time until the end of that term.

The application of all of these mandates would need to be left up to the University Advisory Board process.

When the advisory board proposals are released there will be put up, on the internet, for public comment, for a minimum of 2 weeks. The Advisory Board can bring their proposal back in for changes, or allow it to continue to the Rules Board.

When a proposal is changed it will be put back up for public comment for a minimum of 2 weeks. The Advisory Board can bring their proposal back in for more changes, or allow it to continue to the Rules Board.

Voting for the Rules Board Members

The president or leader of each Advisory Board will be one of the members of that board and be elected by their 12-person Advisory Board.

The members cannot vote for themselves to become president or leader of their Advisory Board.

There will be one Rules Board. The rules board members will be the president or leader of each of the Advisory Boards.

Voting and Service Timeline

The list of universities will be made available on July 4th.

Voting before the Friday following the first Monday of September will be considered voting in a timely manner for the Advisory Board University.

Voting before the Friday following the second Monday in September will be considered not participating in a timely manner for the Advisory Board University.

The winning universities will be announced the next Tuesday at noon Eastern Time.

Announcements to students for the position of Advisory Board Member will be made at all winning Advisory Board Universities in all standard forms including but not limited to, flyers, announcements read in class, and online.

Students that believe they qualify for the position of Advisory Board Member shall be encouraged to get their application and video in as quickly as possible to allow other students to look at and read their information as soon as possible.

Four faculty members of each winning Advisory Board University will be selected by the faculty members as a representative for each of the four qualifying disciplines. The selected faculty members will receive and review the applications for that particular discipline and get them online in a quick and timely manner for student review.

At this point I’m sure there will be an IT department, group, or member, getting all of this to flow smoothly. I am personally hoping that companies like Facebook will get involved and take the lead on setting up the software needed for this process. This should not be a charge-the-government kind of thing; once again this system is for all of us, and all of us should be working on it.

Voting for Advisory Board Members will take place in October.

Voting before the Friday following the second Monday of October will be considered voting in a timely manner for the Advisory Board Members.

Voting before the Friday following the third Monday in October will be considered not participating in a timely manner for the Advisory Board Members.

The winning Members will be informed the next Tuesday afternoon and before the end of the day. Local time.

All the winning numbers, select faculty members, and the selected IT member, of that Advisory Board University, will meet in a conference room the next Thursday at 5PM to start the process.

The term will end at the end of the school year unless a two-thirds majority of the Super Board requests an extension which must end before the next board is elected.

Changes to any of these procedures would require a two-thirds majority vote of the Super Board.

The Advisory Boards

The Advisory boards will come up with proposed rules, recommendations, parliamentary procedures, topics of concern, and any other process or procedure that may be needed to properly advise our government on the handling of our money system.

The Advisory Boards need a 51% vote for a proposal to start the process of being carried to the Rules Board.

All proposals will be placed online in a Facebook type format, in a timely manner for a minimum of 14 days for public inspection and comment.

Advisory Boards can work together to come up with proposals.

The Advisory Boards will meet 2 times a week face-to-face.

Most communication will likely be in a blog or a Facebook-type format. This widely accepted type of communication will allow the students to carry out their duties whenever and wherever they are.

Each member on the Advisory Board will be given credit equivalent to one standard class load and receive a permanent grade on their record. This member will be allowed to rearrange their class schedule to give them reasonable time to be able to carry out their duties. The Advisory board members will work with their teachers and faculty to come up with an acceptable process.

Board members will grade the other board members in their Advisory Board. Their grades will be averaged for each student by a faculty member, and the grade will become part of the permanent record for each student.

Each student serving on an Advisory Board will also receive a grade from a faculty member of their discipline, which will also become part of their permanent record.

A faculty member from each of the four disciplines will be selected by the faculty members of that particular Advisory Board University. The faculty member will sit in on all face-to-face meetings and have access to all blogs and Facebook-type communication systems used by their board members. The faculty members can be advisers to these students if the students request it. The faculty members are there to ensure the board is staying on target and on task, and also to allow that faculty member to be able to give an accurate grade.

The faculty members are also involved like referees and as kind of a safety valve in case they believe that something is going drastically wrong.

The Rules Board

The Rules Board must ensure that all proposals fit within the Mandate and the Mission Statement.

The Rules Board may not manipulate or change the language in a proposal.

The Rules Board meetings will be conducted in an open, online, Facebook-type public format.

Most if not all of the work done by the Rules Board will likely use a Blog-type or Facebook-type format, not requiring face-to-face meetings, allowing the students to be able to do their school work and this task.

The Rules Board requires a two-thirds vote in order for a proposal to become a rule.

They can vote one of three ways, pass, fail, or return to all advisory boards for a Super Advisory Board Discussion.

Voting on a proposal is a two-step process. The first step is to decide to return the proposal for a Super Advisory Board discussion or to allow the proposal to proceed to the pass-fail vote. Step 2 is the pass-fail vote.

A proposal must get a two-thirds vote in order to return the proposed for a Super Advisory Board discussion.

A proposal must get a two-thirds vote in order to pass.

The Money Mission Statement

When crafting this mission statement we need to remember that if our money is for the creation of wealth then that means we’re also saying that we can create poverty.

A mission statement needs to be simple, short, and easy to understand. I believe this is the mission statement we need.

Money should show one’s contribution to society for the people, and be used to allow one to receive from society.

Our money should be managed by the people in a way to creates long-term financial health and stability for the people of America.

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