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Obviously, you must be a member of government. Is this the oath you had to take in order to secure your exalted position?
I don’t understand why the government prints money to pay for bonds, which it has to pay interest on, instead of just printing money to pay expenses, employee payrole, government contractors etc. This alternative would still accomplish the goal of introducing new money into the system, but wouldn’t cost the taxpayers interest. I also think this is less inflationary. Inflation happens when sellers want more money for their goods or services and buyers are willing to pay. Giving the new money to wealty bond holders is a group of people most able to pay inflated prices. Giving the money to employees as standard pay checks does not give them any windfall income, and these people will strongly resist paying more and thus not fuel inflation. I am not suggesting that all bills be paid this way, but just a similar amount as is currently created
This would also break the "vicious circle".
I guess no one is actually able to answer the original question, but Damnthematrix has put it best. Most respondents have focused on what direction to take i.e. which alternative energy solution has the best promise, and here is my opinion.
I think our best step is the Liquid Fluoride Thorium Reactor. LFTRs are a proven technology, research was terminated in 1975. New advances with better heat exchangers and the Brayton cycle turbines make this a highly desirable option. LFTRs can burn our stockpile of radio-active waste from existing nuclear power plants. LFTRs produce little long term radio active waste, or products suitable for making bombs. The radio-active waste produced has a short half life and requires only 300 years of storage as compared to the uranium waste which has to be stored for 10,000 years. There is also much less radio-active waste, 0.3% for equivalent power from uranium. Thorium is plentiful, there is enough in coal ash and mine tailings to power the world for 100 years, and a million years supply can be dug out of the earth. See http://neinuclearnotes.blogspot.com/2008/11/thorium-at-googles-tech-talk.html and also http://www.energyfromthorium.com/ and click on “Energy from Thorium” and read. We should build a factory to build these in a size small enough to ship on trucks (200MW) and an assembly line will bring down costs. These could be set up all over the world (no worries about nuclear proliferation) and first locations should be to replace coal and oil fired electrical generating plants, because there is already power distribution set up at these locations. Pollution from these sources will be terminated.
The revolution in the transportation has already started. Almost all cars and trucks will be running on electricity instead of gas or diesel in 15 years. Industries currently dependent on oil for energy can be converted to use electricity.
Most people here think selling is good for people over extended, or in places (cities) where life may degrade. I don’t think either of these apply to you. Since housing starts are down, you might be in good position to bargain for a lower price on getting your house built. I would advise that you make sure your new house is state-of-the-art insulated to keep heating/airconditioning costs down and plan for solar panels on the roof. Don’t actually need to buy solar panels now, as prices are falling, just make sure the structure is strong enough and have some wiring put up to an accessable space. If your lot is big enough you might consider a http://www.skystreamenergy.com/ windmill.
Thank-you for the video. It does three things for me, 1. Confirms my original statement by saying that when the loan is paid back the created money is lost. 2 I now realize that what is important is that yes, the created money is relevant because it remains in the system for a long time. So I really have to say that money is loaned into exisance. 3. Most importantly the video explains what the solution to this problem is.
Now how do we go about implementing the solution?
Imagine a group of Shuttle Booster style solid fuel rockets being delivered to an asteroid and mounted to change orbit to be elliptical enough to cross Mars orbit. We don’t have to slow it all the way down to Earth orbit speed, or even to Mars speed, just change to elliptical orbit. Time the blast so the asteroid goes to Mars. Direct it to slingshot around Mars such that it slows down and aims for our moon. Do the same thing at our moon to slow down more and aim for elliptical orbit around Earth. This will not take enormous amounts of energy. Most of the energy will come from Mars and the Moon (actually most of the momentum will be transferred to Mars and the Moon).