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Bill: The Monetary Reform & Renewable Energy Act

Details

Submitted by[?]: Capitalist Working Families

Status[?]: defeated

Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: May 3468

Description[?]:

(1) Authorizes the Treasury Dept. to issue out DEBT-Free RUT(s) and purchases (buys) off of the market the entire DOMESTIC supply of Crude Oil! For storage purposes, the supply of crude oil is solidify and/or frozen into "Oil Bars" similar to gold bars.

(2) Raises the Reserve Ratio from 10% to 100% thus eliminating the "90% inflation" caused by Fractional Reserve lending. (i.e. makes it illegal for banks to loan out customers deposits; if banks want to make loans to businesses, they must establish Certificates of Deposit accounts that pay 25% interest thus attracting investment capital).

(3) Allows interest rates to be set by the FREE MARKET instead of by the Central Bank or government.

(4) Links the RUT currency to oil in an "Oil Standard" whereas the official price of oil is $20 RUT per oz. (i.e. for every oz. of crude oil, ONLY $20 RUT is printed in circulation)

(5) Makes it illegal to use oil for consumption and energy and establishes a 100% Renewable energy policy centered on Solar, Celluose/Switchgrass Ethanol, wind, and Hydrogen Fuel cell technology.

Proposals

Debate

These messages have been posted to debate on this bill:

Date23:02:18, April 09, 2013 CET
From Capitalist Working Families
ToDebating the The Monetary Reform & Renewable Energy Act
Message
Thanks, RPC, for your support!!!

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Voting

Vote Seats
yes
  

Total Seats: 54

no
    

Total Seats: 354

abstain
  

Total Seats: 147


Random fact: Zardugal is a nation based on the old Byzantine Empire, with a modern twist and the Esperanto language. Zardugal is located on the continent of Majatra.

Random quote: "Democracy is in peril." - Ralph Nader (referring to turnout in the 1996 US presidential election)

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