We’ve heard so far a number of economic plans from a number of the GOP Presidential candidates. Some very solid and detailed, others barely scratching the surface.
Given my 30 year experience on Wall Street, I thought I’d share some of my personal thoughts against the plans we’ve heard so far and maybe compare notes.
I believe the first thing to be done is to abolish the Federal Reserve. It is owned by and operated for the benefit of the biggest banks in the world. Its sole purpose has been to enrich the few at the expense of the many through its insidious use of inflation and debt issuance. It has been around for less than 100 years and has debased the USD by 96%. The U.S. Treasury has the authority to issue the currency of the country. It did so from 1789 until 1913.
The 2nd thing to do would be to have the Securities Exchange Commission be an essential part of the corrections needed on Wall Street because Wall Street’s business ethics are frankly at the lowest they have ever been and Wall Street simply cannot be trusted to manage its business properly anymore. $34 trillion in wealth destruction since 2008 & bankers from major institutions still haven’t been held responsible for financial crash. Insanity at its best.