The Monetary-and-Banking-Democratization Platform for The United States of America

  1. Replace the Federal Reserve with a new monetary authority.
    1. The new monetary authority will be a publicly owned national, central bank.
    2. That bank will be the only bank.
    3. That bank will be the U.S. Department of the Treasury.
    4. All banking will be by this free, public utility.
  2. Replace all Federal Reserve Notes with United States Notes, which will be cyber-currency.
    1. Those United States Notes will be created without creating any debt (i.e., the government of the United States will not borrow).
  3. Immediately pay off the national debt of the United States via newly created United States Notes.
  4. Simultaneously, institute a guaranteed living-income for a high-quality-of-life for all.
  5. Simultaneously, fully fund all governmental safety-net programs where the guaranteed living-income would be insufficient (i.e., leave absolutely nobody behind for any reason).
  6. Simultaneously, declare a debt jubilee (i.e., cancel all debts both public and private).
  7. Institute single-payer healthcare and education (through graduate school).
  8. All funding decisions (that used to be lending decisions of commercial banks and other such lending institutions) will be made democratically and at the applicable governmental level (e.g., if a project requiring funding is at the unincorporated, county level, the democratic decision will be made at the county level).
  9. There will be no lending by the bank.
  10. All transactions will flow through the one bank via the sole legal-currency (United States Notes).
  11. Price inflation and deflation will be controlled/eliminated in real time via bank-account balances and uniformly and proportionately across all accounts (i.e., all entities will share the benefits and burdens of the results of the democratic processes outlined in this Platform).
    1. Price inflation and deflation control is a matter of money supply and its distribution to entities in conjunction with the supply of products and services, which supply includes availability throughout the supply-chain (i.e., poor supply planning and funding allows suppliers to raise prices in the face of allocated money for purchasing the product/service).
    2. Price controls will not be used.
    3. The real-time method will be the default process.
    4. Various real-time adjustments including per entity can be superimposed as desired (i.e., the system can be democratically tweaked to handle any situation).
  12. There will be no taxes.
  13. Replace crony-capitalist plutocracy with economic democracy.
    1. All decisions will be taken via the maximum degree of direct democracy practicable given the governmental level and per the choice of the citizenry at that level (i.e., the governmental system at each level of government will be decided via direct democracy).
    2. Direct democracy will be participatory but especially deliberative.
    3. Deliberative direct-democracy will necessarily be based upon required openness and transparency.
    4. Open-source will be the default.
    5. The voters will decide the definition and use of experts (i.e., democracy will rule over any appointed technocrats).
    6. All representative-government representatives will be subject to immediate recall and will vote only per the majority's choice of the representative's voting constituency (i.e., if enacted as the national governmental system, this Platform will establish a national direct-democracy governmental system where the electorate has instituted an instructed-representation form of democracy where the representatives are 1) bound by the ideology/platform established by the electorate and 2) subject to immediate recall; no representative may vote in an manner inconsistent with that ideology/platform without being subject to recall when the inconsistency triggers enough of the electorate to hold a recall vote; furthermore, the ideology/platform binding the representative is dynamic: the electorate can modify it if and when and in a manner they deem fit).
    7. Initiatives, referenda, and plebiscites will be used at all levels of government.
  14. Governmental best-practices shall be freely shared between and among all governmental levels.
  15. Local needs will be given high priority and be met via solutions deliberated and voted upon at any and/or all levels of government on a general and/or case-by-case basis.
  16. The mix, if any, between public and private ownership and between capitalistic markets versus democratic planning will be decided per the democratic system outlined above.
    1. Public investments will be made in a prioritized manner based upon what we need most (i.e., such investments will be based upon triaging and weighted for factors decided per the democratic processes outlined in this Platform).
  17. Any governmental secrecy will necessarily be set per the democratic system outlined above.
  18. International and domestic peace and tranquility will be a fully funded goal.

Published: April 8, 2015

Last revised: Sunday, March 11, 2018