Actually trickle down and the two tier gold price was my idea. I take two tier back. It was a bad idea.
Instead we should have a world wide money index and floating price gold echange where all gold transactions are registered. People do not have to sell on the exchange but they can sell there, and sellers and buyers prices, volume and identity are known. This will cause the Bank monopoly aka Rothschild, New York Jewish domination of gold price to founder,so gold can find its own independent commodity price. It will have its ups and downs but no longer be artificially tied down to the various world currencies. Most gold is sold as jewelry. The jewelry companies do not complain about gold being held down as it makes their business more proftable.
Nobody trusts countries' "printing" of money. It should be controlled by private banks. No bank is going to inflate its currency as its loans payback have less and less value. Notes should be printed by the government but notes and coin or gold is not money, just the representation of such. Money is credit supplied by the bank. There is not reason that governments should get involved in maintaining control over private credit. Meyer Lansky, on the of the world's premiere loan sharks understood that.
Most inflation is cause by governments (which hand out most of the conract business in a country) borrowing too much money and inflating contracts and the money itself. This has to be controlled constitutionally. Laws about government departments and their budgets must be brought in. Controllers must watch government. It has to change.
The basic conundrum that the bank which creates all the money, do not create the interest money to pay the loan back! This puts a borrower in perpetual debt. This is why the Muslims outlawed interest. But money has a time value. How must it be created over time? Presently we are robbing Peter to pay Paul. The Muslims are right. But you cannot equitably loan money to pay interest. If interest money is charged it should be paid in interest specie which is specifically made for that, such as in shares or coupons. It is either that or the interest and principal is officially separated such that all you ever pay on a loan is the interst and only pay off the principal optionally. All loans become permanently carried if so desired.
Another fundamental inequity is income tax. Tax charged to the employee is basically an evil. An employee does not get service directly from the government so should not be taxed to get a job. Such taxes raise the cost of all goods and the government charges tax on tax! Tax should have one source, on untaxed money.
The government should not set interest rates, just set a ceiling on rates and govern the true reportage of rates and allow competition amongst banks, by freeing up charters so that banks may be formed. They should limit money creation to say 12 times assets. (Present is 20 times in Canada) Regulation is not the same game as being in the game as it seems they want to be in energy (Petro Canada, Amoco, BP) and every other goddamned thing. It is perhaps true that laws should govern what banks can charge for accounts. On one hand it is free market, and perhaps with freeing up chartering it would settle down, but the working poor are being gouged by banks who pay negative interest (by charges) for borrowing our money to make themselves rich. There is something wrong with depressions and recessions making banks and governments rich and business and people poor.
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