Wednesday, June 10, 2009

Change the Nation’s Currency System First – Health Care Reform will Take Care of Itself

Go to Google Maps and follow Highway Interstate 10 from Santa Monica, California eastward to Jacksonville, Florida. It’s a long stretch that literally spans the nation from coast to coast. Okay, maybe you don’t want to stop the tour there. So, take Interstate 95 north and you will eventually end up in Boston where you can continue on taking Interstate 90 west towards Seattle. And, continue the trip by using Interstate 5 south towards Los Angeles where you would have come full circle in your journey through America. Have we learned a lesson?

If we look at our trip, by taking a road one way, all roads eventually come to an end. Some roads are longer than others. If we take a tour, we eventually return to the same place, back to where we had started. The same illustration can apply to the nation’s currency system.

The United States once had a great monetary system – envied by the entire world! The dollar was strong and valued in a lot of countries. But, like with every materialistic matter in this universe, there’s only so much to go around – especially if it’s man-made. And money is, regardless of whether the people “trust in God” or not, is made by man. When money was printed earlier in the United States, there was enough to support the population of the nation and maintain a healthy economy. However, with a population increase in the country, a decrease of available jobs, and people living longer in age, the nation simply cannot support its people. The prices of material items have increased through inflation, the cost of health care has skyrocketed and impacted the government.

Money is in such short supply that state and local governments are on the verge of declaring bankruptcy while major corporations lay off employees and file for bankruptcy and financial bailouts from federal governments as well. What used to be a land of the plentiful is now ridden with drought, both literally and figuratively. In California, not only is there a financial crisis in the state, but the state also cannot find a suitable supply of water to support its agriculture. State and local governments are curtailing important services and, cities are asking their residents to reduce their consumption of water.

While the nation faces a shortage of money, Washington continues to live in a state of denial by promoting the need for health care reform and other issues. The federal government has failed to recognize that it has “come to the end of the road,” or has travelled “full circle” and it is trying to fix things that are old and antiquated – such as, the current monetary system. In travelling this “circle.” it has gained such an attitude and nationalistic ego/pride that its money is too important and it cannot be replaced by any other currency system. It (the nation) has isolated itself from the rest of the world. At a time when the nation’s currency was failing on the international market years ago, it continued to borrow huge amounts of money from China.

Reforming the health care system in America will only cost more money – money that neither the people nor the government has. Sure, the government can get the money by continuing to borrow money from other countries. That’s the simplest way out. But it will continue to devalue the already weakened dollar, and future generations will be responsible for paying that money back.

The world is already in a financial crisis triggered by America’s failings. The most prudent thing to do is forgive all debts – including consumer debts – and start all over – from scratch. Nations must come together as one world. Individual nations can no longer afford to keep themselves separate by maintaining separate currencies and maintaining their own interest rates. This has historically been very costly for the whole world and very unfair to many countries. Differences in interest rates allowed some countries more supremacy over others. Along with that came inherent societal problems of distrust, selfishness, national pride, and envy. Currencies were not equal, they did not provide for an equal playing field. Some nations were treated more inferior than others while other nations were given special preferences.

Printing money also has its limitations. With the decline of trees and forests, there will become an ever decreasing supply of resources for paper. Therefore, money, in its current form will be even more limited in supply. The electronic world can provide an unlimited supply of credit and can ensure equality to every person on this planet. With a universal credit system, there will be no need for monetary exchanges at the border or when entering foreign countries. A model of this is working well with the Euro in the European Union. There is really no reason why the rest of the world cannot be unified in joining into one common global currency. The only barriers that prohibit such a benefit becoming reality is selfish nationalistic pride, ego and patriotism, and a false feeling of superiority, and greed. When nations create their currency, there is only a limited supply. There was always the trickle down thought that there would be just enough for the man on the bottom. The fallacy of this theory is, there’s never enough for the common man.

The world, however, can guarantee an unlimited supply of credit (money) – especially if the currency is electronic. The resources are not dependent on one singular nation’s. Man has placed limits on himself. He can easily remove these limits on himself as well as others just by changing national and international policies and practices. It all depends on whether a nation desires to remain isolated, or join the world community and become united as one world.

If man can be innovative and create a universal monetary system that can benefit all of mankind equally, then there wouldn’t be the urgent need to reform the health care system in America. With a universal monetary system, people will be able to afford health care – not only in the United States – but globally. There would be no need for health insurance as we know it today. A well planned universal monetary system should guarantee a living, life-time credit to each human being on this planet. This ensures that no matter where the individual is at in his or her stage of life (employed, unemployed, retired, etc.), the person will be able to afford everything including buying basic living necessities such as groceries, paying utility bills, purchasing automobiles, purchasing homes and making monthly mortgage payments, paying for health costs and medical care, domestic and international travel, and still have life credits for pleasure and recreation. All of this, without having to depend on government assistance programs or subsidies. The balance of each individual account will automatically replenish annually at the beginning of each year.

The urgency is not to reform the health care system. The urgency is to put money in the pockets of people – the common people. The average person needs the “big bailout” – not the corporate executives or the companies. States and municipalities also need money in their coffers as well for they provide invaluable services to the people (e.g., education and health services). To focus totally on health care reform without reforming the currency system first is wrong. It is here that we need innovation. We have come to the end of the road, “full circle” in the life of our current monetary system. It’s time that we seek a solution that will best fit the current population, its people and a modern solution using 21st Century solutions – not old solutions based on 19th and 20th Century models.

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