All the worlds economic problems are related to vast amounts of money owed to Private Banks.
Who needs the private banks ?
Abe Lincoln would simply instruct various federal treasuries to send say $500 in credit to the bank accounts of most people via electronic transfer.
They could do that forever as credit costs nothing -yet those receiving that credit could spend normally as if it was a salary income.
This would sideline the banks and their huge debts, and the world would enter a new era of prosperity.
That is how Abe Lincoln financed his side of the american civil war after rejection private bank loans of more than twenty per cent interest.
Empowering the federal treasuries to compete with the banks, is not just an answer, it is the only answer.
Jim
