Please pick genuine flaws in this proposal to solve the debt crisis.?

Question

There is still ONE way to put the world finances back to growth.Please reed ALL of the following.Each country must print say 10% additional money on their currency at the same time so as not to alter exchange rates.Any country not cooperating would find there own currency inflate so much they would find it difficult to export in the resulting trade boom.The new money MUST be used as follows.Half Must be used to reduce debt.The other half of this new money MUST be passed down to pensioners and low paid [the consumers ].The results of this action would include the following.Millions taken out of poverty,countries would have more sustainable debt,banks re capitalised,a stop to public unrest,return of confidence in the markets,world growth,trade boom,massive drop in unemployment,interest rates could again be used to control inflation.
To maintain this growth the following must be agreed.Universal rules for banks,a stop to obscene wages[either capped of the use of higher tax bands] a stop to tax loopholes.a stop to untaxed money being moved to offshore tax havens,each country must cut administration costs,stop immigration[even within the EU].Only world cooperation will get us out of this stagnation.There is NO plan B.I would be willing to progress this package with any world leaders..................Joe Dudhill

Answer 1

elo, nope. Your proposal is one genuine flaw...frankly.



Here what needs to be done to "solve the debt crisis":



1. Muslim impostor hussein obaminator and his racist, America-hating mate, should be tried, charged and convicted for fooling neolibnazis and other idiots, who supported "it".



Both obaminators and the "royal" mother-in-law - will be also stripped of their last penny and sent forever to community services of building oil refineries in the full public view for teaching purposes;



2. Damaging government's welfare should be abolished and handed to churches and other community organizations which will make sure that only orphans, veterans, elderly and severely disabled (WITHOUT able relatives) will receive financial assistance as it was once upon better times; Naturally, the repugnant "affirmative action", "political correctness", "cultural diversity", and other racist inventions of neolibnazis will be outlawed. Each and every USA citizen will continue enjoying existenttant equal opportunity, own talents, drive and personal responsibility for creating own wealth;



3. All illegals, their families with all relatives and relatives' relatives are immediately deported. I personally will be among We The People, who will give as much as they can to finance military/reserve/National Guard-supported deportation. Immigration Law would be reformed to includean immediate deportation of any illegals and conspirators, after THEY ALL are also stripped of every penny to finance it; Life sentences for repeat offence would consist of 6 days of hard labor where most needed;



4. America stops using any foreign oil and begins drilling, building new and expanding existenttant oil refineries; In addition, any oil-possessing country would have to provide oil as a restitution charge for any USA assistance;



5. All job/wealth creators, including "nasty corporations", constructions, health care insurance ( and other related to health centitiesties), are immediately released of any taxation, except for tax, determined by the Constitution, on upkeep of militarytary and infrastructure, like any other citizen of the USA; That will bring all outsourced business back, or, those who would like to stay Americans, will have to pay a special tax off their outsourced businesses abroad; May the best one compete and win.



6. America declares "chapter 13", so to speak on all international debts (including debts to China), with promise to pay it back within the next 20 years; All, who refuse the proposal loose all ties with the USA, be it import, exchange students, or anything else;



Only six items, but no doubt that 5 to 10 years is all it will take for America to start enjoysurpluslass and its super-power status for as long as Westcivilizationtion lasts...



Don't like it? Then leave it to be just a dream of mine, and keep doing what you've been doing up to today, okay?



Signed: An Independent Conservative

Answer 2

We had approximately zero inflation prior to the creation of the FED! All you have to do to cut the debt is reduce the size of government. Are you saying we NEED every government agency, I can think of at least 6 we could do without immediately.

Answer 3

By "printing more money" you only devalue what you already have. In any case I doubt you would be able to coerce the Chinese and Iranians into subscribing to such a scheme.