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The Earth Protector Money Plan |
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Why does the government borrow money from banks at interest
when it can create its own money without interest?
The “Earth Protector Money Plan" will
Create thousands of jobs
Expand the money supply
Balance Minnesota's budget
Build and maintain great roads and bridges
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"The Earth Protector Money Plan” (Minnesota Senate File 65) “modifies" existing law as encompassed in: "POWERS OF MINNESOTA STATE CHARTERED BANKS".
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Our proposed "modification" will require state-chartered and regulated banks to create money for the construction and maintenance of all approved public roads and bridges (state, county, city, and township). This new money is not a loan and does not have to be paid back. That's right...the banks will create new wealth-money to pay for all our roads with no debt because it will be a new law for state-chartered banks not a state owned bank.
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Today, when state-chartered make loans they simply create money as electronic entries. The money is just numbers in a computer. BUT IT IS DEBT OWED BACK TO THE BANKS. OUR PLAN IS NOT DEBT.
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"The Earth Protector Money Plan” requires state-chartered and regulated banks to create brand new electronic bookkeeping entries to pay for all our roads and bridges. THESE ARE NOT LOANS AND DO NOT HAVE TO BE PAID BACK.
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The new money will be payment for production so there is no price inflation. What causes price inflation are taxes and interest because they are added to the cost of doing business.
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"The Earth Protector Money Plan" actually causes prices to go down.
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Fuel tax, axle tax, and registration taxes, would be eliminated and save individuals and businesses billions of dollars.
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When the new wealth-money comes into the economy it will turn over about 6-8 times and get taxed at many of its turns thus generating state revenue instead of income taxes.
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Smart bankers love "The Earth Protector Money Plan" because they get a service fee, goodwill, great roads, and a growing economy that helps them make money.
Call for an "Earth Protector Money Plan" seminar for your group. 612/529-5253
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