NATURAL WEALTH
BY Martin CarboneUsing the Natural Wealth of our Nation, Wisely,
to Solve our Current Money Problems
The natural wealth of this country is (A) our land, (B) our knowledge and (C) the various skills of our people. With proper management, we can produce whatever food and material goods we need many times over. We should have complete confidence in (A), (B) and (C) and follow the plan below.
Start keeping the government’s books with double-entry bookkeeping. Keeping track of (a) income / (b) expense / (c) assets and (d) liabilities. That automatically, accurately and sensibly turns “expenditures” into “expenditure / assets” whereby a dollar invested in a worthwhile asset becomes a dollar of assets.
Set up depreciation schedules for the wealth produced by the expenditure / assets. That means we will be keeping an accurate account of our assets and overall financial status.