tag:blogger.com,1999:blog-8674635655380194460.post5818617721386181220..comments2022-11-06T00:41:37.335-07:00Comments on Cliff's Notes: MEDICARE, DEBT CEILING, -- IT’S STILL THE ECONOMY, STUPIDCliff Wilsonhttp://www.blogger.com/profile/13986922334083249034noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8674635655380194460.post-20999331850963906522011-07-04T08:05:32.872-07:002011-07-04T08:05:32.872-07:00Cliff,
A well written article: But you forgot to...Cliff,<br /> A well written article: But you forgot to mention what I consider the MOST important first step. END the Federal Reserve. End their charter NOW. Allow the Treasury to print money with Gold and Silver backing the currency, as laid out in the Constitution. No more printing of fiat money, bring money back to where it should be (representing credit NOT debt). Also IMMEDIATELY end the off-shore off-balance sheet OTC Derivate market. Have banks bring these investments bank on to their balance sheets and under OCC (The Office of the Comptroller of the Currency established in 1863) rules Collateralized at 1-10 ratios. That would prepare them to easily meet the Basel III accords requiring 1-8 ratios.<br /><br />Gary BrazellGaryhttps://www.blogger.com/profile/15738408011812562108noreply@blogger.com