The economy of the U.S. is in a deflationary spiral. Nothing can stop it -- except monetary reform.
- No more national debt. Nations should not be allowed to borrow. If they want to spend, they have to take the political heat right away by taxing.
- No more fractional reserve lending. Banks can only lend money they actually have.
- Gold money is NOT the answer. Historically gold ALWAYS works against a thriving middle class and ALWAYS works to create a plutocracy.
- The total quantity of money + credit in a national system must be fixed, varying only with the population.