Economics 101: Mind over Matter. Mind over Money. Mind over Deficit!

Text of fax broadcast:

ECONOMICS 101: MIND OVER MATTER. MIND OVER MONEY. MIND OVER DEFICIT!

NEW YORK, NEW YORK * 12 JUNE 2008 Citizen of the USA Stephen M. St. John addresses the international community in Washington and here in New York City, members of the US Congress as well as other organizations and individuals, public and private, and recalls the old Shearson/Lehman slogan "Mind over Matter; Mind over Money" and adds to it "Mind over Deficit."

In 1983, J. Peter Grace, head of President Reagan's Private Sector Study on Cost Control in the Federal Government, warned, "If this deficit goes to $1 trillion a year, our freedoms are gone." Twenty five years later, the accumulated public debt has skyrocketed out of sight; we can only be sure it has grown at least another digit. And we are in costly, unjustified and futile wars and an attendant police surveillance state with a Star Chamber kind of justice with secret or unsubstantiated evidence and arbitrary detentions without charges. This is certainly not JFK's torch of freedom!

More cost cutting and more taxes and the black hole of an imperial expense account portend a dismal future. Unless, of course, a logical way to solve the problem is found. To this end, the Federal Reserve system needs to be abolished forthwith, because the government has no need to borrow from it when Congress already has the constitutionally mandated power to create money. Why grant certain elites a privilege that automatically makes people debtors from the gecko get go?

Money that is sound has the backing of the Almighty's bounty and what human minds and hands have wrought, mined and harvested -- not the flimflam of the self-chosen few! Secondly, a new and revolutionary way to raise revenue will also celebrate these blessings and regulate commerce all at once; namely, corporate advertising on legal tender. Imagine the possibilities. This spells power to the people. Selected correspondence from an unsuccessful effort to promote this idea in the 1980s may be read at http://www.show-the-house.com/id52.html. Let's pass JFK's torch of freedom!

Stephen M. St. John
Post Office Box 449
Rockefeller Center
New York, NY 10185

stephen@show-the-house.com