November 2008

Money Money Money
For money to exist it must be borrowed.
To repay the borrowed money plus interest, more money must be borrowed.
Time and interest makes the debt grow, but it does not increase the money supply.

A SOLUTION TO THE BAILOUT
By Gregory K. Soderberg* with Leslie Davis 612/522-9433

A solution to the financial crises that will immediately and directly help the people and the banking industry is to stop lending all new money into circulation and start ‘spending’ it into circulation as payment for labor and materials provided in the building and maintenance of public roads and bridges, a benefit to all society and critical for commerce. This simple principle change in how we increase the money supply will provide the desperately needed increase in money without an increase in indebtedness or inflation as the money supply increases with productivity gains, greater employment, high-paying jobs and a list of benefits too long to note here.

'Monetizing' public roads and bridges as a wealth brings debt-free money into circulation in lieu of more taxes and more borrowing. Wealth money is the only way the interest debt can be paid out of our economy. Because the interest debt is compounding so fast, ‘producing’ our way out of debt must be accompanied by forms of debt repudiation that do not harm citizens.

Secondly, consider all primary home residence mortgages paid. This will lower the total indebtedness allowing people to live in their homes while having money to consume other goods and services creating a real economic stimulus. When mortgages are cancelled, the bank loses the mortgage asset and the loan liability simultaneously suffering no real loss of asset because the only thing the bank actually loaned was an electronic number of no substance whatsoever. Those numbers will remain in the economy available for consumption of other economic production including payment of other loans.

Loaning all new money into circulation and the resulting unpayable, compounding debt it creates got us to where we are now. More borrowing will only make our financial predicament more severe. One cannot pay debt with debt and get rid of debt.

*Mr. Soderberg ran for Lt. Governor of Minnesota in 2006 with Leslie Davis 612/522-9433

Leslie Davis for Governor of Minnesota 2010 - SNAPSHOT
MONEYey
Require state-chartered banks to create checkbook money to pay for our entire transportation
system without debt or any other obligation whatsoever.
Eliminate the gasoline tax, axle tax, and half of vehicle registration taxes.
Implement Davis Water Plan that requires commercial users of publicly owned under-ground water to pay two pennies per gallon for the hundred billions they take yearly..
Balance budgets and NO borrowing (bonds).
ENVIRONMENT
Reduce electricity consumption by 40%, thus saving $4 billion yearly and creating thousands of jobs.
EDUCATION
Signs saying RESPECT in all schools and on buses.
Soda pop containing aspartame and/or high fructose corn syrup out of all schools.
Daily exercise for all.
Promote vocational, technical, home, internet, and charter schools.
CRIME
Stop the drug war. Legalizing drugs would reduce crime and gangs, make homes and streets safer, reduce prison population, unclog the courts, save thousands of lives, and save millions of dollars.
JOBS
Create thousands of jobs in transportation, energy conservation/conversion, manufacturing of geothermal/solar/wind/hydrogen systems.
JUDICIAL REFORM
The legislature should review the behavior of judges and discipline them if necessary. Right now the JUDGES JUDGE THEMSELVES AND THAT'S NOT GOOD.

Leslie Davis
• U.S. Army veteran and grandfather
• Salesman, author, manufacturer and trend analyst
• Founder and president of the Earth Protector environmental group
• Producer and host of the weekly “Leslie Davis Show” for TV

Leslie supports:
CREATE JOBS THROUGH ENERGY EFFICIENCY AND CONSERVATION
BALANCE BUDGET USING $2 BILLION FROM WATER PLAN
FUND TRANSPORTATION WITHOUT TAXES
IMPROVE EDUCATION FOR EVERYONE

MONEY AND JOBS
• The “Davis Water Plan” will require commercial and industrial users of publicly-owned under-ground water to pay two
pennies per gallon for the 100 billions gallons of water they take annually ($2 billion)
•Create thousands of jobs through energy efficiency and support of new energy technologies

ENVIRONMENT
• Reduce electrical consumption 20-40% by implementing energy efficiency wherever possible (houses, buildings, schools, factories, farms) thereby saving $2-4 billion yearly
•Support manufacturing of fuel cells, wind turbines, solar and geothermal systems
• Require dentists to stop discharging mercury waste into sewers