By William Way

It is time for economic leadership in Washington that makes sense.  The entire mental infrastructure of Washington DC has endorsed the foolish theories of Keynes.  If they studied just a little bit, only a little, they would recognize that Keynes never believed that his theories would work to sustain a society.  He was all about disrupting civilization.  Sadly, Barack Obama is so socially challenged by never having really worked in his entire life that he believes in the silly Keynesian theories as if they were relevant to real economic problems.

The nation needs serious changes in its whole economic structure if it is to recover from the ignorant Keynesian theories of the past 65 years.  New leadership is needed, not tricks used by former governors to delude the people into believing they had realistic economic plans in their states.

Here are THE seven steps necessary to fix the United States economy.  Serious leaders will embrace them.

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1. Stop printing money. Close  the Bureau of Engraving and Printing for two years, effective January 9, 2012. 
   
2. Eliminate the Federal Reserve’s ability to manipulate the supply of money, but not necessarily to act as a central banking system.
   
3. Establish an op-in privatized retirement system that phases in over fifteen years.  Social Security ends after fifteen years (This plan assures a greater retirement benefit than a lifetime Social Security program, without injuring current retirees.
   
4. Reinstate a commodity-based monetary system where the dollar is tied to the overall value of dedicated retirement funds.
   
5. Offset the assault on the dollar by foreign nations and Wall Street currency speculators by stipulating that the US will repay all foreign debt only at the prevailing value of the dollar when payments are made.
   
6. Institute a four year plan to convert to a consumption tax on all goods and services except medical expenses.  This should be capped at national rate 14%.
   
7. Shut down the IRS and transfer tax collection and disbursement duties to the states, which are already doing the work.

Fear mongers and socialistic minded candidates will declare it won’t work.  That is fear tactics intended to deceive voters into maintaining a failed system.

The future of America’s and the world’s economy rest on these actions.  Anything less will inevitably lead to economic collapse worldwide.  When a nation’s economy fails all security within that nation fails also.

The time for leadership is NOW!