Dit is een uittreksel (vindplaats: www.cesj.org) uit aangehecht emailboek ter kennisneming voor mensen, die toch al teveel moeten lezen.

Uitgangspunt is een geciviliseerde samenleving, waarin menselijke waardigheid, zelfsrespect en "orgullo" hun gerechte plaats kunnen krijgen; dit zijn de economische voorwaarden daartoe.

Ik zie niet in waarom een klein (ei)land als Curaçao -op weg naar

verzelfstandiging- in de wereld van vandaag geen exemplarische functie kan hebben.

Berend : :

EXECUTIVE SUMMARY:

• The proposed Capital Homestead program would offer a private property and free market oriented alternative for saving the Social Security System as a national retirement income maintenance plan, while introducing a new national policy to foster “capital self-sufficiency”

as a means to achieve true economic independence for all Americans.

• Following the precedent of Abraham Lincoln’s Homestead Act of 1862 that democratized the ownership of frontier land, this economic policy would universalize access to capital credit — the 21st century equivalent of the 160 acres of land — to every citizen. This would provide access to the means for every citizen to accumulate over his or her lifetime an independent income-producing capital homestead in the ever-expanding technological frontier 

• Based on four pillars of a free and just market economy — (1) expanded capital ownership, (2) limited economic power of the state, (3) restoration of free and open markets, and (4) restoration of the rights of private property — the Capital Homestead program would strengthen the political constituency for linking supply-side with demand-side economic policies. It would add social justice and compassion to conservative principles. It would also reduce the political pressures for redistributive, anti-growth and protectionist policies.

• Capital Homesteading would introduce basic reforms in the monetary and tax systems, geared toward maximizing private sector growth without inflation, shifting from a debt-backed to an assetbacked currency, while systematically building a nation of owners.

• Capital Homesteading would reduce pressures on the present pay-as-you-go Social Security and Medicare systems, while leaving in place a social safety net for those individuals whose capital home-stead accumulations were insufficient to generate an income to meet their basic needs.

• The Federal Reserve would revive its existing money-creating powers under Section 13 of the Federal Reserve Act, opening its discount window to provide sufficient money and capital credit to finance the estimated

$2 trillion needed annually for new plant and equipment, new technology, new rentable space, and new infrastructure.

Channeled through each citizen’s Capital Homestead Account (CHA), Fed-monetized credit would be allocated by the competitive banking system to financially sound investments and irrigated through mechanisms that systematically create new owners of the new wealth, without taking old wealth from existing owners.

• Five central banking innovations would be introduced:

(1) a twotiered Federal Reserve credit policy that favors broadly owned private sector growth over nonproductive government and consumer borrowing;

(2) a shift to the Federal Reserve’s discount mechanism from its Open Market Committee for controlling the money supply, thus freeing growth from its current dependency on past savings;

(3) 100% reserves (the “Chicago Plan”) to replace fractional reserve banking;

(4) the Federal Capital Credit Corporation (FCCC),1 a Fannie-Mae-type “bundling” operation to facilitate Capital Homesteading loans and establish national standards for lenders; and

(5) the Federal Capital Insurance Corporation (FCIC),2 to provide an alternative to traditional forms of collateral, thereby eliminating a major barrier to widespread citizen participation in significant capital ownership.

 • Capital Homesteading would offer an economic growth model based on access to private property as a fundamental human right, encouraging other countries to emulate America by lifting themselves into economic prosperity, thus building a more free, just and unified global market, the economic foundation for enduring political democracy and peace around the world.