MORALITY,

MODERN

MONEY AND CLIM

ATE

MOBILIZATIO

N

M I CHAE L H

O E XT E R , PH . D

.

TO ACT EFFECTIVELY AND RAPIDLY ON CLIMATE WE NEED TO BUILD A

LOT OF NEW STRUCTURES/EQUIPMENT THAT CUT

OUR EMISSIONS

THE CLIMATE MOBILIZATION, REALIZED, WILL BE HUGE NATIONAL/INTERNATIONAL

BUILDING PROJECT

WHILE THERE WILL BE A LOT OF VOLUNTARY WORK INSPIRED BY MORAL

COMMITMENTS IN THE ENORMOUS PROJECT TO STABILIZE THE CLIMATE…

TO MOBILIZE LABOR AND MATERIAL PEOPLE NEED TO BE PAID…

MONEY IS EITHER CREATED BY BANKS IN THE FORM OF LOANS

(THAT NEED TO BE REPAID WITH INTEREST…BANKS ARE PROFIT-DRIVEN

BUSINESSES)…

OR CREATED BY THE US FEDERAL GOVERNMENT BY SPENDING MONEY (DOESN’T NEED REPAYMENT…NOT A

BUSINESS)

THE NEW DEAL AND WWII MOBILIZATION WERE PAID FOR WITH

FEDERALLY CREATED MONEY

BUT THE FEDERAL GOVERNMENT ALWAYS HAS CREATED MONEY FOR

PUBLIC PROJECTS AND SERVICES TO THIS DAY

CREATING MONEY TO SPEND IS PART OF THE DAILY OPERATIONS OF

THE FEDERAL GOVERNMENT

THE FEDERAL GOVERNMENT ALSO TAXES AWAY MONEY (DESTROYING

THE MONEY)

THE STATE OF CALIFORNIA AND CITY OF SACRAMENTO USE TAX DOLLARS

TO PAY FOR PUBLIC SERVICES…FEDERAL GOVERNMENT CREATES

THEM (DOESN’T PAY ‘USING’ TAXES)

BUT HOW AND HOW MUCH GOVERNMENT SPENDS AND TAXES MONEY IS ALMOST ENTIRELY DETERMINED BY

POLITICS….HTTPS://WWW.YOUTUBE.COM/WATCH?V=DNCZHAQNFGU

AND MORALITY

(ESPECIALLY AFTER 1971 WHEN THE GOLD STANDARD WAS ABOLISHED)

THIS IS “MODERN MONEY”…RECOGNIZES THAT MONEY IS BACKED BY “FULL FAITH AND

CREDIT” OF ISSUER (US FEDERAL GOV’T FOR THE DOLLAR)

IF THERE IS A WAR (NATIONAL DEFENSE) THERE IS ALWAYS

ENOUGH MONEY

OUR FEDERAL BUDGET IS A RESULT OF OUR POLITICS AND MORALITY

(VALUING NATIONAL DEFENSE ABOVE ALL ELSE/POWERFUL

INTEREST GROUPS)

A NATION’S SPENDING PRIORITIES REFLECT OUR MORALITY, WHAT WE VALUE AND WHICH GROUPS/PEOPLE

WE ALLOW TO RUN OUR GOVERNMENT

POPE FRANCIS HAS BEEN A LEADER IN POINTING OUT OUR MORAL

DUTIES TO PROTECT OUR COMMON HOME

TO CHANGE OUR GOVERNMENT SPENDING WE NEED TO TURN OUR

MORAL VALUES INTO POLITICAL ACTION

OUR GOVERNMENT WILL NEED TO SPEND TRILLIONS OF DOLLARS TO HELP US KICK OUR FOSSIL FUEL

HABIT

BUT IT IS JUST A MATTER OF 12 MORE KEYSTROKES IN A COMPUTER FOR THE FEDERAL GOVERNMENT TO SPEND $1,000,000,000,000 VS $1

ON CLIMATE ACTION

PLUS

OUR WILLINGNESS TO ORGANIZE POLITICALLY BASED ON OUR MORAL CONVICTIONS ABOUT THE CLIMATE

THREAT

THE SPENDING DOESN’T HAPPEN WITHOUT POLITICAL PRESSURE AND

PUSH-PULL WITH POWERFUL INTERESTS

THE CLIMATE MOBILIZATION IS A PLACE TO PUT THOSE MORAL CONVICTIONS INTO ACTION

PLEDGING TO MOBILIZE IS A FIRST STEP ALONG A PATH TO

PRESSURING GOVERNMENT TO PROTECT US AND OUR CHILDREN

THE CLIMATE MOBILIZATION IS DEVELOPING MORE POLITICAL TOOLS TO TAKE US FURTHER

TOWARDS BUILDING WHAT WE NEED

MORE INFO

THE CLIMATE MOBILIZATION:http://www.theclimatemobilization.org

MODERN MONEY: http://neweconomicperspectives.org/modern-monetary-theory-

primer.htmlMY RECENT WRITINGS:

http://neweconomicperspectives.org/category/michael-hoexterEMAIL:

michael.terraverde@gmail.com