Six postulates designed to lead to a wealthy nation.

1. There never is a shortage of money -- only the national will to create it.
2. There is an inexhaustible demand in every country for wealth of all kinds.
3. A worthwhile project is herewith defined as one which generates more wealth than the monetary cost of the project. 4. A sovereign nation can create any amount of temporary money through loans.
5. Once those loans are paid back, the money is extinguished -- but the generated wealth remains.
6. That wealth naturally creates more wealth (subtract depreciation) every year.

Glossary --

1. Wealth -- those things that are valued by the people of the country.
2. Project -- a human effort which produces products and services. Examples of products and services are machinery, tools, homes, factories, food, clothing and recreational facilities and devices.
3. Money -- legal tender or currency.
4. Temporary loan money -- that money which is (a) created by the government or banks in (b) the form of a (c) well collateralized loan, under (d) a legal contract and a (e) downside leverage banking system, wherein the loan money is extinguished when it is paid back.
5. Downside leverage banking system -- a banking system in which the lending bank has a downside leverage of ten to one -- wherein, for every dollar lost through a bad loan, the lending bank must reduce its outstanding loans by $10.

Is that simple enough for you? ... Martin R. Carbone

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