"... the savings and loan problems in the 1980s"

i'd at least notice the dis intermediation crisis
in a tea cup
produced by the volcker-dammerung of 79-81

that was the decision node
where 'the liberators'--as in many other areas--
pounced

if the new deal/fair deal paradigm
had not appeared to collapse
during the 'stagflationary ' carter years ....

wage price spirals required fixing not stifling

fixes were offered
but the full nelson was applied to credit instead

but the sudden interest rate surge caused a massive
shift of short money

if your institution lived off of
cheap short borrowings and long low lending ...
yikes

enter the S&L unlocking ramble

all of it and the necessary end of it all
was as obvious to informed prepared unbiased
viewing eyes that time
as
the times later
when we passed thru and under
greenstain bubbles

price level dynamics
and nominal rate dynamics
and forex dynamics

get any one at odds with the other two
yank any one out of its recent path profile
start to play wack a mole
and the chums ready with the hammers will wack their designated moles ...not necessarily your moles
or the moles of the stunted majority

the guys with the biggest hammers ready in the late 70's ????

the reg croppers
the brake free marketeers

academic macro ???
fuck ....
after the ratex romantics
lynched the keynesian enlightenment ???
what else
big
cutting edge macro
started frantically
chasing its own tail

...
silver lining

neo class-micro bursting in the 70's
out of a near 40 year stagflation of its own
by this very same moment was entering an apex interval a ....silver age

------------------------
as usual given
the existing
"imbalance of class and institutional forces "
i love your dramatic presentation of the politically impossible
bravo

but might i suggest you talk about reserve controls
not abolitions of fractionalism
its like prohibiting liquor
the boot legs will emerge
so enforcement is better replaced by micro mangement
hint:

i suggest making uncle insurance
availible
on all debt securities and deposits
hel with reserves
variable term and type
risk premia
the two conceptually are interchangeable

".. nationalize the privately owned and operated Federal Reserve and place it in the Treasury Department "

i think like taxes the fed's
open market activity
ought to be a House call

not nimble enough ???

we have dynamic algorithms these days
with feed back loops eh ??

when it acts transparently
the fed operates day to day month to month
quarter to quarter
on implicit model driven algorithms already
come the singularities..
when the hand variables kick in

well
thats when mandarin delegatings
are the dangerous sinister moments
of deepest wall street conspiracy

gentle ben and the fomc
are willing slaves of their models
when all is smooth sailing

--yes their models are weighted against
the wage class --
but that's a political not a tecnical matter

in a crisis the House needs to convene
IN EMERGENCY SESSION

let our reps in the open decide

that way
we at least have a formal chance
to punish the bastards
in less then two years

argentine insanity ??
lets hope so
market earth needs a mad blinded cyclops
crashing about
now and again
it shakes things up

"To allow thousands of institutions to deploy leverage of the dollar at a 10 to 1 or higher is to leverage the economic cycles .."

right

"and devalue the dollar through seniorage of a leveraged money base to the profit of the private banking system."

very fast skate thru that

braking it into steps for us might help

open source your means here
how'd u get to this conclusion

make it transparent
so we can evaluate your models moving parts

that is unless this is just a direct apprehension of our economic system's "reality"
revealed to you
one presumes
by the mother of that reality