I recently stumbled upon this article which described Milton Friedman’s support of the citizen dividend. The citizen dividend is a way of admitting that economic injustice exists and will persist. It is the mother of all class action law suits. It is the most universal, uniform, and most effective social program. It is the most flat, uniform, and universal tax exemption. It is also justified compensation for the numerous acts of injustice in the world, helping those most who suffer the most injustice. MLK also supported the citizen dividend in his last book along the same lines. Thomas Paine supported a citizen dividend in “Agrarian Justice.” When I start to doubt myself, it is always nice to find out that I have good company in my beliefs.
The Other Milton Friedman: A Conservative With a Social Welfare Program – New York Times
www.nytimes.com
“America will always do the right thing, but only after exhausting all other options.” — Winston Churchill
I guess we will have to give all the social programs men in suits can conceive a chance before we reach the conclusion that there are problems inherent in social programs themselves. The people who don’t need the help abuse the social programs. Those who need the help the most can’t access the program because they’re too busy trying to survive and jump through the hoops setup to stop abuse of the system. A citizen dividend would help people avoid the downward spiral of poverty because the funds would reach them quicker to help them survive and afford the cost of applying for help.
The Fair Tax is a progressive sales tax, which includes the feature of a citizen dividend to make the sales tax progressive. The Fair Tax is intended to replace the income tax and payroll taxes. The Fair Tax not only provides for a citizen dividend, it taxes foreign production the same as domestic production. The cheap stuff made in China gets taxed the same as the stuff made with American labor. Income taxation only taxes American labor. Income tax does not tax the cheap stuff made in China. That is why we have such a problem with off-shoring and outsourcing. The Fair tax will also make natural resources and government less expensive. The cost of government is absorbed by the demand for natural resources, much like the land value tax, where the cost of land is used to fund government rather than the lifestyle of a land baron. Such land value taxes should also be made progressive with a citizen dividend, acting as a universal and flat exemption and rent payment to the true joint owners of the land, everyone, the land owners, the renters, and the homeless.
Stephen Zarlenga, author of The Lost Science of Money and the Kucinich NEED Act of 2011, also supported a citizen dividend as a means to end fractional reserve banking with full reserve banking in conjunction with paying off the national debt to make sure the monetary justice is uniformly distributed throughout the economy.
[...] free money. Either debt free, in the form of Social Credit, which would work out like a ‘Citizens Dividend‘. Or interest free credit, through for instance Public Banking or Mathemetically Perfected [...]
[...] interest free money. Either debt free, in the form of Social Credit, which would work out like a ‘Citizens Dividend‘. Or interest free credit, through Mutual [...]
THE PROVISION OF ANNUAL DIVIDEND TO EVERY CITIZEN MUST BE IMPLEMENTED WITHOUT DELAY TO BE GUARANTEED BY THE GOVERNMENT AS SACROSANCT AND ECONOMIC JUSTICE FOR ALL.
“If I could change the world, the first thing I would do is to make sure that everybody had enough income to meet their basic needs.” – Paul Bathurs.
Debt-Free Money Creation and Dividend To Every Citizen
Can Ignite and Revive Hope In the Philippines
By Eric V. Encina
We’re supposed to be born free, but now become virtual slaves of debt and usury! We have the universal rights to be free again.
The Philippine Government ( also applicable to any government in the world) should take up its responsibility to create the money debt free by legislation, and therefore, as a democratic country in the South-East Asia, the only claimed to be Christian nation in the region, should lead by example to implement ECONOMIC DEMOCRACY – the financial-economic policies to provide a guaranteed economic security to every Filipino citizen as a matter of economic rights without condition and discrimination in the form of NATIONAL DIVIDEND or extra basic income to be financed interchangeably by taxation, if possible, not from taxes, and not from any domestic or foreign borrowings, but from the NEW CREATION OF MONEY DEBT FREE.
The Government-Created-Money by legislation, by popular Filipino people’s demands through the facilities of STATE-OWNED CENTRAL BANK (the necessity to reverse the central banking policies and amend the Philippine Constitution) and or public banking schemes can ignite and revive HOPE to Philippines to eliminate unnecessary domestic and foreign debts, interest payments, taxes, poverty, hunger, crimes and environmental destruction at already at calamitous proportions.
Debt-free money creation the Government can kick-start the blossoming of provincial and regional economies without tensions, pressures and violence.
The rightful and unconditional provision of dividend to every Filipino citizen, father, mother and child, annually, let say, a proposal, at the rate of $1,000 in the Philippine Peso value of P43,000 more or less can certainly reap with considerable benefits and can help the household’s buying power with dignity and prosperity.
If the Philippine Government and the people as a whole remains to be in the trap and chains of debt and in the dungeon of usury, of continuing devaluation of currency versus other world currencies, burgeoning and bloating budget deficits, we will, for certain, continue to be in the vicious cycles sliding back and forth with long-term effects down to the next generations, into dehumanizing levels of poverty, of hunger, starvation, of chaos, violence, corruptions, devastations and man-made apocalyptic events even in the age of global plenty in the 21st century.
The financial economic welfare of the Filipino citizens is the major responsibility of the Government where leaders are elected for public service and trust. The Government exists for the citizens, and not citizens for the Government.
Our wealth is for all, without exceptions and discrimination. Money creation that converts to monetary wealth must be based on facts and the reflection of PEOPLE’S WEALTH and money. Our economic system should be based on economic bill of rights, of authentic human rights approach, a philosophy to back up reality, of justice, solidarity, of brotherhood, of equality with theology of charity, mercy and compassion to appreciate the human dignity of everyone and the love and adoration and our appreciation to OUR CREATOR Who created everything for us as PRO BONO, the Author of Life and its diversities and the Owner of All Universal Wealth seen and unseen.
We’re all definitely imbued with a certain responsibility, by remorse of conscience, to help effect for change from the oppressive system to system where everyone will be secured, justly guaranteed and prospered without compunction of heart and scruple of conscience, and moral regrets, without fear and above all free from any of God’s wrath.
There is enough wealth for everyone in the world with all material indisputable evidences if only there is justice and charity in the minds and hearts of men. There is no any valid reason for the lack of money.
I welcome comments, suggestions and correction.
Please do not be oblivious of our plight in the Philippines for the quest for financial-economic justice.
Please continue to back up with all ideas, proposals and whatever you can extend that can help to keep going.
Eric V. Encina
Filipino Social Credit/Monetary Reform/Economic/Monetary Justice Campaigner
Philippines
eric_encina@yahoo.com
eric.encina8@gmail.com
THE RIGHTS TO DEMAND AND CLAIM PEOPLE’S MONEY VIA ANNUAL DIVIDEND/SUPPLEMENTARY BASIC INCOME TO EVERY CITIZEN
“Money is like muck, not good except it be spread.” – Francis Bacon
By Eric V. Encina
Those who will reject, deny, prohibit, disagree and encroach the rightful distribution of wealth and money to every citizen shall be cursed.
IN TIMES OF ECONOMIC AND FINANCIAL TYRANNY, PEOPLE LOOK FOR REAL REFORM OF THE SYSTEM AND ECONOMIC JUSTICE, AND NOT A CONTINUATION OF THE STATUS QUO OF THE GREAT ENGINE OF DESTRUCTION!
The annual provision of financial dividend of $10,000 up to maximum $1 Million more or less exchangeable to any currency in the world to be guaranteed to everyone on earth by right of citizenship can physically, financially and feasibly end poverty, hunger, starvation, malnutrition, diseases and problems of humanity. It can also progressively and even drastically end mendicancy, beggary, foreign aid, forceful labor or unnecessary employment, human trafficking and trade flesh, migration and immigration and exodus of peoples, brain-draining overseas employment, competition and tensions on international market and trade, regional and continental wars, separation and breaking of families, violence, rebellion, insurrection and even criminal activities. It can also end unwanted pregnancies and population growth. The time is very ripe. There is no hope under the present system if the wealth of the earth in the form of money will not be justly and rightfully distributed to every citizen. Poverty is unnecessary. To keep us in the bondage of poverty both material and financial is insanity. There is no any valid reason to keep us in the irony of poverty in this age of global plenty of huge material and monetary resources.
Rightfully Right as inalienable of unconditional “dividend” as financial-economic security guaranteed to every citizen: man, woman and children from the cradle to the grave enough for the basic needs, growth and development of everyone. And this is only possible through debt-free fiat money creation by the Government provided by the Constitution. This is not about greed but about monetary justice to every citizen.
I contest that it is possible to give money to every citizen in the form of dividend or extra basic or supplementary to every man, woman and child in the world from the resources below and from debt-free money creation. I can prove by demonstrating the schemes. One of the hindrances are those higher echelons and bigwig professional pundits who have supercillious educational and academic backgrounds who benefit from the broken system, that distributing the money and creating money debt-free is going to a disaster of run-away inflation while they themselves are too blind to see that the present deflationary-inflationary cycles nowadays are primarily caused by the fundamental flaws of debt finance disaster capitalism and compounded usury.
Believe it or not, the only last and credible solution for the good of all humanity is the “distribution of wealth” through the mechanism/schemes of Social Credit Economic Democracy in the form of “Non-Discriminatory ~ & Non-Means-Tested Financial/Monetary Dividend/Extra/Supplementary Basic Income (Bail-Out For the People)” to every Man, Woman and Child from the cradle to the grave.
Everyone will be secured of financial provision by right of citizenship. The time is very ripe. There is no problem of financial resources as per demonstrated below. What is needed is strong political and economic will to do so. The wealth is for all and the money is for all people across the planet without discrimination. We need at least 1 Billion to clamor, demand and claim this financial-economic right. Therefore, we must never doubt as the very last resort that THE ONE BILLION PEOPLE, of thoughtful, committed and zealous citizens across the planet in solidarity, charity and in the noble visions and common and ultimate objectives can emancipate and save the world from the total annihilation of the cataclysm of the debt finance-disaster-corrupt capitalism and sucking usury which is the banking arithmetic of and weapon of mass destruction.
In the Philippines, it is the right of every Filipino citizen as inalienable to demand and claim annual financial dividend and supplementary basic income guaranteed to every father, mother and child from the cradle to the grave. This is all similarly applicable for all people in this planet.
Huge financial Resources are Ripe For Distribution Debt-Free To Every Citizen On Earth by virtue of Economic Bill of Rights:
In the Philippines, the total private bank assets in 2010, which are supposed to be PUBLIC ASSETS are more than P6.4 TRILLION Pesos or P600 Billion. We might also have Trillions of Pesos circulating in the Philippines but also monopolized by the private banking system.
Even Philippine Central bank or Bangko Sentral Ng Pilipinas said there is sufficient liquidity of M3 Philippine Peso in the country to help accelerate economic growth in 2012. Meaning there is and there would be plenty of cash money or banknotes circulating in the Philippines. The problem is, the banking liquidity depends on borrowing at interest other than inflow of investment money and money from Filipino overseas workers.
Philippine peso liquidity has nothing to do with the poor hungry and starving Filipinos in dreadful poverty in the countryside.
THE FILIPINO PEOPLE MUST HAVE THE RIGHTFUL SHARE according to Divine Providence and our Philippine Constitution OF ALL THESE MONIES – the symbol of wealth of the nation(s) in the 21st century to end our monetary miseries which can never be justified by all fronts and philosophies, and thus to bring about the blossoming of the new civilization free from poverty and hunger.
US$840 Billion or P47 Trillion Estimated Value of Philippines’ mineral resources are for the Filipino People’s Wealth, and not for the multinationals, the powerful few and the tycoons.
US$76 Billion Philippine Central Bank (Bangko Sentral Ng Pilipinas) Gross International Reserves (GIR) in 2011:
According to Philippine Newspapers, Philippine Daily Inquirer (PDI/11/17/2011), the expected initial estimate of net inflow of foreign exchange into the Philippines is going to be US$6.7 Billion while the Philippine Central Bank is expecting US$76 Billion Gross International Reserves (GIR) at the end of 2011.
But the Philippine Total debts both domestic and foreign are reportedly P6 Trillion pesos with P900 Billion annual interest payments. The debts must written off because the Filipino people do not owe these gargantuan debts.
The Philippine Private Banks have reached to P6.4 TRILLION Pesos or P600 Billion worth of assets as end of February 2010 and what about in 2011 and 2012? and as they have boastfully attributed such increasing private banking assets through RISE OF INTEREST-BEARING LOANS.
DEBT SECURITIES ACCOUNTS OF COMMERCIAL BANKS to the peoples and governments with Philippine private bank deposits climbed to 6.5% toP3.3 Trillion as of end-February 2010 from P3.1 Trillion (May 17, 2010, The Philippine Star) as monetary authorities are raising banks’ reserve requirements.
Deposit requirements refer to the percentage of bank deposits and deposit substitute liabilities that banks must keep on hand or in deposits with the Bangko Sentral Ng Pilipinas or Central Bank of the Philippines and therefore may not lend.
Deposits maintained by Philippine banks with BSP up to 40 percent of the regular reserve requirements are paid interest at four percent per annum, while liquidity reserves are paid the rate on comparable government securities half a percentage point.
Just recently, P7.177 TRILLION TOTAL ASSETS OF THE PHILIPPINE BANKS. Trillions for the bankers and debts for the Filipino people. This is extremely unfair in economic justice.
The data released by the Central Bank of the Philippines or Bangko Sentral Ng Pilipinas as reported to Philippine Star Newspaper dated October 2, 2011, THE TOTAL ASSETS OF THE banks operating in the Philippines, as of end-July 2011, amounted to P7.177 TRILLION or up 10.7%, higher than the P6.481 Trillion as of end-July 2010.
The rising assets and profits of the commercial/private banks operating in the Philippines are not because of “savings deposits of the peoples” but of the privately-based creation of money out of nothing using people’s deposits and their bank deposits as plausible screen hiding the creation of money, and charging interest upon the general public and this is very correct to say, that is a legalized robbery since all the money should be PUBLIC MONEY, OR PEOPLE’S MONEY AS THE SYMBOL OF WEALTH OF THE NATION FOR ALL BY THE WILL OF GOD.
Banks receive bail-out from the Government from the taxes of already cash-starved and poverty-stricken Filipino citizens. And this is fundamentally unfair. The banks are poverty-stricken to be given any bail-out. The bail-out package should be and should have been provided as bail-out for the people, for the Filipino citizens in great poverty.
Please give our coco levy funds as the rightfully owned by the Filipino farming families in the state of ignominious poverty and crisis. Their children are in the most pitiful situation. Where is the P135 Billion funds for the coconut farmers? Whoever stole this money of the poor must be cursed.
According to some reports, the Filipino farmers’ coco levy fund have ballooned from P9.7 Billion to some hefty P135 Billion but these funds are nowhere to be found, from the sweats and brow and bloods, at day and night torturous struggles of the bleeding poor Filipino farmers and their families for almost 40 years time.
What about the gold stolen from the Philippines by the cabal of tycoons and powerful few that are supposed to be for the Filipino people? So many terrible evidences. The mineral resources and gold with their equivalent valued should have been given back to the Filipino people. We are asking the Philippine Government to do this under the spell of curse.
http://www.bibliotecapleyades.net/sociopolitica/secretgoldtreaty/trilat_appendix6.13.htm
Former President Ferdinand Marcos and his cronies—the people who plunged us all into these massive debts in the 1980’s —must be held accountable for this appalling crime. However, the IMF and WB and their creation is the ultimate crime of the bankers. There are documents that it was IMF and WB that induced Philippines into massive debts. And Mr. Marcos who tried to fight against IMF and WB, was dethroned from Presidential powers. WHY PHILIPPINE PRESIDENT MARCOS GOT OUSTED
When Marcos took over the presidency in late 1965, the country’s foreign debts stood at only US$465 million. When he was swept from power in early 1986, those domestic and foreign debts had reached US$26 billion—a 26,000 per cent increase! Today, the Philippine national debts at combining domestic and foreign amounts to more than US$300 billion already or P6 Trillion, with almost P900 Billion Pesos interest payments or US$900 per second of interest, and during the time of Gloria Macapagal, it was reportedly increasing at US$100 Million daily debt increase, and it is all for the interest of the bankers. BILLIONS FOR THE BANKERS And DEBT AND DEATH FOR TH…, TRILLIONS FOR THE BANKERS AS BANKING ARITHMETIC OF…, BAMBOOZLED BY THE BANKERS
Marcos’ successors, that is, the Philippine presidents from Cory Aquino, Ramos, Estrada, Macapagal (now under arrest for the crimes of electoral sabotage and plunder cases) down Benigno Aquino, Jr, had to borrow, and will borrow vast amounts from those private, domestic and foreign bankers, to pay those odious debts that he and they themselves accumulated under debt-finance economy. It has now become a never-ending vicious cycle, mind-boggling and nerve-wracking and hair-raising to every Filipino citizen to see the gargantuan debts of the Philippine Government, and only a miraculous turn of events which I know through monetary reform Monetary Reform Case Study from the Philippines legislation and change of global financial-economic system can help and save us from the dungeon of debts and being buried forever in huge debts under debt finance calamity.
No Lack of Money and Resources for Distribution:
Contrary to escalating forms of scare-mongering tactics that earth’s resources are finite or the fear of the scarcity of food, etc, the natural resources are evolutionary, organically renewable, replenishable except in some totally damaged parts of the earth, just as human reproduction is except impugned by artificial methods, and if only there is no control, greed and avarice. Please take a look ~
In the world today, we have around more than US$600 Trillion dollars circulating everyday, but these hugest monies are not going through to peoples in terms of financial-economic democracy but controlled by the powerful few, magnates, tycoons, global banking and multinational conglomerates and governments engaged in programs that against life, environment and ultimate against God. $600 Trillion dollars are under the spells of greed, avarice, injustice and curse of God.
US banks alone are reportedly holding $800 trillion more or less in assets.
Investment banking fees alone made banks $66 billion in 2009. Nearly half of those revenues came from US banks, followed by Europe. That said, the world’s most profitable bank today is the Industrial & Commercial Bank of China, which made $16 billion in profits in 2008~The World’s Most LucrativeBusiness Markets | Business Pundit
In the United States, reportedly, the total US$ monies circulating are around US$16 Trillion but these monies do not feed down in just proportion and fraction to most ordinary Americans, but by the powerful few.
Plenty of money in the United States but purely controlled by the bankers and the super-rich individuals and groups.
$16,000,000,000,000.00 (TRILLION) was secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. Virtually none of the money has been returned and it was loaned out at 0% interest.
To place $16 trillion into perspective, the Gross Domestic Product of the United States, the sum of all goods and services produced in the country in one year, is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is only $14.5 trillion.
The budget that is being debated so heavily in Congress and the Senate is only $3.5 trillion.
There was no public debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.
When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self-identified Democratic socialists like Bernie Sanders all supporting a bill to audit the Federal Reserve, it seems clear that the Federal Reserve is not presently accountable to any public scrutiny.
Here is a link to a PDF file of the complete audit, which is quite long (I myself had a hard time getting through it):http://sanders.senate.gov/ imo/media/doc/GAO%20Fed% 20Investigation.pdf
The list of institutions which received the most money from the Federal Reserve can be found onpage 131 of the Audit, and are as follows:
Citigroup got $2.5 trillion ($2,500,000,000,000)
Morgan Stanley got $2.04 trillion ($2,040,000,000,000)
Merrill Lynch got $1.949 trillion ($1,949,000,000,000)
Bank of America got $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom) got $868 billion ($868,000,000,000)
Bear Sterns got $853 billion ($853,000,000,000)
Goldman Sachs got $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK) got $541 billion ($541,000,000,000)
JP Morgan Chase got $391 billion ($391,000,000,000)
Deutsche Bank (Germany) got $354 billion ($354,000,000,000)
UBS (Switzerland) got $287 billion ($287,000,000,000)
Credit Suisse (Switzerland) got $262 billion ($262,000,000,000)
Lehman Brothers got $183 billion ($183,000,000,000)
The global economy produces more or less US$30 TRILLION value of wealth production annually but only goes to the powerful and super-rich multinational corporations, global mega-bankers, commercial/financial institutions, millionaire-billionaire-tycoons that and who control money, wealth and population. Individual, organizations, institutions, systems, ideologies, beliefs, practices and policies are, alas, hostile to faith, morality, life ,family and the poor in the third world.
Reportedly, there are around 7.5 million Millionaires to Billionaires globally with the collective assets of US$25 Trillion, and is expectedly reaching to US$44.9 to $50 Trillion in 2006-2008-2009 and of course in spite of global financial crisis, global billionaires continue to thrive in 2011 to 2012, and much more in the coming years at the expense of the sufferings of billions of poor people in this planet.
According to global aid statistics that between 1950 to 2009, MORE THAN US$3 Trillion flowed from the rich world nations to the poor world nations in the form of BILATERAL AID-STRING-BASED-ATTACHED or Development Assistance in the form of INTEREST-BEARING LOANS but this aid did not FEED DOWN TO THE POOR AND THE NEEDY AND THE INTENDED RECIPIENTS SUCH AS THE VICTIMS OF HUNGER AND NATURAL CALAMITIES but went to corruptions that in the span of 60 years, the total costs of corruptions all over the world are about US$2.8 Trillion, but in contemporaneous with this corruption imperialism within this period covered, the RICH NATIONS through the tutelage and supervision and structural reform policies and conditions of the IMF-WB, and other foreign and international bankers through their ECONOMIC HIT MEN and sub-agents and their vultures, leeched off and siphoned off via legal and illegal transfers of money and channels around US$5 Trillion with annual interest payments of US$400 Billion annually collected from the third world nations.
Reportedly, the annual foreign aid totals of US$50 Billion to the third world nations (that do not feed down to the poor and the needy in the third world nations) but the dirty money that flow or streams illegally the other way, from poor countries to rich countries has been reportedly US$500 Billion up to US$1 Trillion per year that go to lodge to the transnational banks or transition economies of the Western countries
It is also important to mention here that the reported costs of the GLOBAL FINANCIAL CRISIS are round US$50 Trillion, and as this crisis goes on, more costs are eventually enormously increasing in the daily basis. This money eventually, by hocus-pocus, goes back to the creators of money, the bankers.
MY PROPOSALS TO IMF AND WB in 2012:
Cancel all debts of nations. Advise all nations to create their own money debt-free and provide extra basic income to every citizen: man, woman and child by virtue of citizenship as inalienable within the universal law granted by God as wealth-financial-economic bill of rights from the cradle to the grave.
GIVE BACK TO NATIONS BY EXPEDIENCY – THE RIGHT OF STATE-OWNED CENTRAL BANKING SYSTEM WHERE GOVERNMENT BY LAW CAN FUNCTION TO HAVE GOVERNMENT-CREATED MONEY DEBT-FREE!
THIS IS THE ONLY LAST-OFF SOLUTION before the global suicide en masse or global financial tsunami hits us to total despair.
WE NEED AT LEAST ONE BILLION PEOPLE IN THIS PLANET to condemn and curse the system and likewise we need the same one billion people to have a uniform and universal belief of the power of the real solution of debt-free money creation, and the distribution of wealth by God-given and peoples’ rights.
What we also need right now is to completely change humanity, the mindset, the philosophy, the orientation and education to support the idea-scheme of debt-free Government-public banking created money and the provision of financial-economic security to everyone. So many things will change.
God has created the earthly goods for all men, without exception, no doubt. Hence, all men without exception, have the inherent basic inalienable rights in strict social and economic justice to have such share from the abundance of earthly goods as needed to live as human persons as children of God. God-made-wealth and men-transformed earthly goods could only serve life when these are distributed according to justice and charity
Please help to take action.
“There are risks and costs to A PROGRAM OF ACTION, but they are far less than the long-range risks and costs of comfortable inaction”. – Former US President John F. Kennedy
Eric V. Encina
Filipino Social Crediter/Monetary Reformer
Philippines
DISTRIBUTE PEOPLE’S MONEY TO EVERY MAN, WOMAN AND CHILD WITHOUT MEANS-TEST AND DISCRIMINATION AS A GUARANTEED DIVIDEND, EXTRA BASIC INCOME MORE THAN BAIL-OUT FOR THE PEOPLE IN TIMES OF EMERGENCY AND EXIGENCY AS FINANCIAL-ECONOMIC SECURITY AS A SHARE OF THE COUNTRY’S WEALTH.