Here is a step by step plan how the next president can turn the US economy around within 90 days of taking office.
1. Invite select members of congress, the US Treasury, the SEC, US utility executives and engineers to a "Smart Grid Summit".
2. With the help of Microsoft collect all of the ideas and create a master Smart Grid plan, including the needs or roadblocks that would need to be dealt with legislatively.
3. Collect all of the names of the publicly traded raw materials companies, manufacturers, and professional services providers that would be involved in the creation of the Smart Grid.
4. The Treasury would sponsor an Exchange Traded Fund (ETF) that would contain the entire spectrum of publicly traded electricity grid infrastructure players. The treasury would offer the ETF via NYSE or NASDAQ.
5. The Treasury would benefit as the ETF sponsor from arbitrage.
6. Repeat this process for other federal programs and initiatives. The proceeds would be rolled into other ETF funded initiatives, like Healthcare and social security etc.
The Budget would be balanced and the US debt could be retired in this way by attracting trillions of dollars into our economy from foreign sources.
This would be an effective tool to steer the country in the right direction by laser-like direction of capital on a never before seen scale. Just think of how the economy would transform if the government created a Fortune 1000 education ETF. It would enable investors to invest in fortune 1000 companies while enabling the government to make money to fund a revolutionary education system which would pay educators TOP DOLLAR to teach children K-12 so they are ready to perform in the Science and Math weighted Green Jobs.
I know many of you may scream "Socialism" or some other dogmatic epithet but hey, "Pull Your Heads Out Of The Sand!" The US stands behind privatized gains and socialized losses! This is the equivalent of having snotty, entitled rich kids who want to take risks and live the high life and when they screw up they want daddy to buy them a new car because they just totaled the Bentley or bail them out of jail or support the "I'm pretty therefore everyone else should suffer and I should live like a princess attitude. It is about time the US federal Government became a responsible parent and look at reality! We are staring at a debt of over $10,000,000,000,000. So great, Mom and Dad have been away for a little more than 100 years and come home to a completely wrecked house and a party bill of over 10 trillion dollars! THE SYSTEM IS BROKEN!!!
Wake up! We are talking about our economic and literal biological survival. Sure there will be hicks screaming pinko and commie bastard etc. but rationally those with a functioning mentality will understand we need to fundamentally transform how we are doing business.
By the way, the first step to curing our addiction to living on credit would be to audit the Federal Reserve and apply some CSI like tactics on the US debt ridden corpse going all the way back to 1913. I would suspect that they initial attempt at covering this crisis was a good ol boy keep it in the family deal with Bear Stearns / JP Morgan. I would like to know who the JP Morgan Share Holders are. I would like to know who the Federal Reserve share holders are and I am not talking about trusts etc. Who are the INDIVIDUAL share holders of the Federal Reserve. It is about time that OZ comes out from behind the curtain and takes responsibility for the mess he/she/they have created. We MUST demand transparency with the federal reserve just as we demand corporate transparency. My feeling is the audit has not happened because the crimes against the US would be so egregious that the Fed is afraid they would be thrown out.
It is time the Federal Reserve is audited. Let the IRS join them. The US citizens deserve to know how the money printing and tax collecting/spending shell game works. Once a light is shown on how unsustainable our current system is we will have no other choice than to transform our financial system.
Until then, lets enable the US to MAKE money and draw capital into our economy by enabling the Treasury to Sponsor ETFs.
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