Thank you for your astute analysis and efforts on the homelessness issue but I must honestly say you have not emphasized some pervasive and endemic causes that are financial in origin.
Some of the major factors of homelessness that you have not emphasized are real estate asset price inflation, a continuing decline in purchasing power for middle income wage earners, a dramatic rise in healthcare costs, and a rapid increase in private debt. All of these factors are contributing causes of homelessness linked to destructive changes in our financial system.
We are currently living in the derivatives phase of the floating exchange rate system. This phase is dominated by financial instruments that were strictly illegal in the United States FDIC insured banking system between 1946 and 1982.
The regulations that were lost had established the foundation of a credit guidance policy that allowed for rising physical capital intensity and productivity growth based on physical investments.
Because of the deregulation of financial systems, predatory gambling through asset price speculation now dominates most banking in the Atlantic nations.
Every category of infrastructure in the United States is now either beyond its design life or inadequate for the number of people attempting to use the infrastructure. College education is unaffordable for most people, productive science and technology investments continue to decline, the labor force participation rate is at historic lows, industrial productive capacity continues to be exported to Asian Pacific nations, hopelessness is infecting a greater number of people, while homelessness is now endemic in most major cities in the United States.
The value of the United States currency only survives today because of its dominance as a global reserve currency which allows for the deficit purchasing of products cheaply from mostly Asian Pacific nations. Someday, this dominance will end and our nation will be left with collapsed infrastructure and without the productive industry necessary to rebuild.
Nick Begich, to solve our dramatically rising homelessness problem we must address not only the personal issues as you have emphasized but also the endemic problems in our financial system.
There have been multiple attempts to reform our financial system over the past several decades, some of which I have participated, and all but one continues to fail.
Today, there is a new very promising effort to reform our financial system through public banking. The key to understanding this movement is the same key to strengthening a national currency; restrict speculative gambling and reward increases in the money supply for those investments that make society more productive in the future.
Keep in mind that new bank loans create deposits which increase the money supply. The central issue is the purpose of the loans. Anyone who cannot grasp these basic facts of banking is not qualified to hold public office. See the Alaska State Bank Advocate Facebook page for documentation on this issue.
The key is to use the local decision-making process to identify productive priorities for federal monetary policy—including using the credit creation potential of public banking to challenge our homeless problem here in Alaska.
Nick Begich, some of the homeless priorities you have identified can be invested in through public banking.
More important, the Alaska State Bank proposal is part of a national public banking movement designed to return our nation to the successful credit guidance policies that once made the United States an agricultural industrial superpower. We are not just advocating for our state we are fighting for the survival of our nation.
If you want to address the pervasive rise in homelessness through public banking, join us in supporting the Alaska State Bank.
Response to Nick Begich on the issue of homelessness.
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Jonathan King represents the crippled thinking of the British System of political economy and represents a complete ignorance of the Alaska State Bank proposal to access federal monetary policy.
