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Nov    2009

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Learn-from-History .com offers an Economic history lesson 
about corporations, foundations, and money
.  Learn-from-History .com  is a sister site to
EconomicSanity101.com and ThePeacefulRevolution.com  and Money-God-Money.info   :::    53 

       53         53                             ...

Learn-From-History.com

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TLC-Life-Center Has Over Fifty Websites.  TLC-Life-Center's Introductory Page

 

 

 

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Creating a Public Service Banking System 

It's Costs Versus It's Benefits

What Is Gained  --  Who Gains

What is Lost -- Who loses

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Setting the Stage

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If you are just arriving on this website, we recommend that you begin by reading the page titled:   How to Create a Public-Service Banking System.

On the page titled:   Debt Forgiveness  Clears the Way for A New Banking System,  we have listed thirteen gains will accrue from adopting and applying  the non-profit foundation business structure to the U. S. banking system   We have also listed nine significant loses that will be avoided.   

The financial factors were only lightly touched upon on that page, so we'll examine the monetary-profit-loss aspect in much more detail here.  

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The Cost to the people

of  Staying with 

The Banking Industry's Proposed Solutions

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We are only in the third month (March 2009)  of serious effort to resolve the financial crisis and already the price tag is being measured in terms of trillions of taxpayer dollars -- trillions of dollars that nobody has -- trillions of dollars that will be created out of nothing -- make-believe dollars that the lenders (the Federal Reserve and the other banking interests)  intend to charge you and me interest for using.   

The present (March 2009) predictions tell us to expect a national debt in 2019 of 19 trillion dollars  That's about two trillion dollars more that the cost of simply canceling all the home mortgage debts right here, right now, today.      

Also, inflation (stealing the value out of the already existing money) will  all-but-destroy the value of any non-tangible assets -- assets held in dollars or measured in terms of dollars, such a stocks, bonds, money market funds, bank savings accounts, and the like.

When we translate the several to nineteen trillions of dollars of taxpayer money into the personal, human costs  -- costs  such as those listed below, the price staggers the imagination.    

  The presently proposed, so-called solution will amplify the highly destructive social morass of grief, misery, fear, and poverty that is already gripping the nation and the entire world.   

  Millions of  lives will be lost and/or destroyed, and/or seriously damaged.

  Much time, effort, money, resources, and labor will be misdirected and/or wasted.

  The continuing environmental damage, and species extinction is so extensive and unnecessary that it is unconscionable.

  During the wasted time between today and the day they admit that their proposal was bogus windstorm of financial flatulence, global warming may very well become unstoppable.

  It will cost the serious loss of personal, social, and political freedom.

  It will be a solution dictated to those of us who are expected to pay the bills -- the taxpayers.

  Because the opponents to a real solution control of the mass media, it is keeping serious discussions of this proposal off television talk shows and out of the print media.

  The loss of  heath, joy, and safety will be too big and too diverse to even measure.  

  It will produce the loss of social consistency, dependability, and convenience.  Our way of life and our social structure will be seriously and negatively impacted.

  The banker's are getting the whole cake.  The people may get a few crumbs.

  The home foreclosure will continue unabated.   

  Millions of additional homes will be seriously damaged or destroyed.

  Millions more families will be financially devastated.

  The working class will be significantly and further dis-empowered.   

  It's chances of success are slim, at best.   

  The resolution, if it happens at all, will come very slowly.

  The present proposals are about the super-wealthy taking care of the the super-wealthy.

  The cost of resolving the home foreclosure crisis is paid 100% by the  taxpayers.   The bankers pay nothing.

  It will destroy much of the remaining  confidence in the political and economic system system and much of the  remaining  faith in the American Dream?   

  Its rating (from 0ne to one-hundred)  as an economic stimulus package worse than zero.

  In terms of its over all financial cost, it's by far the most expensive proposal ever proposed.

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Their non-solution solution appears to have come directly  from the devil's version of Demonic Financial Disneyland.

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The Cost to the Bankers

of   Staying with 

The Banking Industry's Proposed Solutions

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Nada!  None!  Zippo!  Zero!    The taxpayers pay all the bills.   It might, on occasion, cost the bankers a few dollars here and there, but the bottom line is that the taxpayers are being told that they must  pay all the bills.  The public must eat the banker's toxic assets.   We the people must replace all  the money the bakers lost.   

Do you recall the $700 billion dollar bailout package passed by congress in October 3, 2008?   Most of that $700 billion banking bailout money so far spent has been used to buy bad loans (worthless promises to pay  --  soured securities)  at 100%  of their original face value -- not at reduced, fire sale value, but the bankers are buying each other's  garbage with your money at 100% face value.        

For example, wheeler-and-dealer investment organization, AIG (American Investment Group) spent a hug portion of the $170 Billion dollars of your money buying worthless securities  from the big banks such as Goldman-Sacks at 100% or its original face value.

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The Cost to the Bankers 

of Creating 

A new Public Service Banking System 

Using the Foundation, Win-Win, Business Structure

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There is really only one major cost for creating a new public service banking system.  That cost will be paid by the super-wealthy who own  the banking and home loan industry.    Most of that cost will be nothing more than making a entry in their computer ledger which represents a reduction in the multi-millionaire banker's financial net worth.

Will any of them become homeless?  NO!   Will any of them go Hungry?  NO!   Will you find any of them digging in dumpsters searching for food?   NO!   Will any of them have to choose between buying medicine to keep themselves alive and feeding their children?  NO!   Will any of them get sick and die because they can't afford to heat their homes this winter?  NO!   Will any of them lose their teeth because they can't afford to pay for much needed dental work?  NO!   Will any of them die in auto accidents because they could not afford to pay for much-needed repairs on their cars?  NO!   

If a person's net worth of ten million dollars and that net worth is  is cut in halve to only five  million dollars, is that a life threatening event?  NO!   But if you are over 65 and  your net worth ( you life savings, your retirement fund)  drops in value by fifty percent  form $50,000 to $25,000, that is a big deal!  

Actually, the bankers are getting a bargain.   In other times in history,  (such as the French Revolution)  when the people realized that their so-called leaders were legalized criminals who used, abused, misused, and lied to them, and  who were milking them for billions of dollars, the financial perpetrators were killed and their personal property confiscated.   With the exception of men like Barney Madoff, today's financial predators are neither killed nor stripped of all their possessions.

Here's the proposal and it's cost.   You can think of  this proposal as a  quid pro quo.  --  You do this for me and I'll do that for you.

Homeowner-Debt-Forgiveness 

The bankers forgive all 72 million American homeowner mortgage debts and we, the people, forgive the super-wealthy bankers for almost a hundred years of charging us and our parents and grandparents trillions of dollars in interest on the use of make-believe money.  

Reference:    

http://www.Money-God-Money.info/money-defined.html#FiatMoney

Any time there is a major social, political, economic, religious, or environmental  transformation, some people are benefited and other experience pain and lose.   Obviously our goal is to maximize gains and minimize loses.  Thus this should not be a cold-hearted,  carved in stone solution.   Effort needs to be included to a assist those hurt by this change who cannot simply absorb the losses and move on.

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The Cost to the People 

of Creating 

A new Public Service Banking System 

Using the Foundation, Win-Win, Business Structure

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Rather than costing money,

The new Public Service Banking System 

Will Produce Billions of Dollars in Revenue.  

This can be accomplished by splitting the existing banking system into two parts.  The part that handles multi-million dollar loans stays similar to the way it is except it gets no government bailouts for bad management.   The part that handles public service loans (homeowner loans, auto loans, student loans, small business loans, etc.) is turned over to a network of independent, non profit foundations -- an independent  foundation in every county in the entire country.    Initial funding comes directly from the U.S. Treasury (bypassing the Federal Reserve **fb2)  and future profits return the loan and then fund county and local governments.

References:    

    How to End the Home Foreclosure Crisis ²  --- A proposal for a new home loan lending system that would immediately stop all pending and in-process foreclosures and that would completely and permanently end the home foreclosure problem in a matter of a few months.

http://www.EconomicSanity101.com/
bo-3-how-to-stop-home-forelcosures.html#83

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 Funding Small Businesses ²  ---  How to provide loans for small businesses, home owners, students, auto buyers and the like, and use the profits to fund county and city governments.

http://www.EconomicSanity101.com/
small-business-funding.html#83

 Funding State Governments ²  --- How to provide money for credit card loans for automobile and home owner's  insurance  and and use the profits to fund state governments.

http://www.EconomicSanity101.com/
funding-state-governemtns.html#83

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Using the newly established, public service lending industry, the profits that now go into the bank vaults of the super-wealth will, instead, will be used to fund city, county, and  state governments.   How much money will this produce.   We can only guess.   

The numbers we have come up with for interest payments on home loans gives us an estimate of  about 85 billion dollars per year for that aspect alone.   When you add all the additional loans that go the individuals such as student loans, auto loans, and small businesses,  plus auto and home owner insurance, and credit card loans, we have a substantial amount of money to fund city, county, and state governments,  all at:    ZERO cost to the taxpayers  --  producing ZERO inflation  --  immediately ending the home foreclosure crisis  --  and not one penny of that money coming from taxes.   

There are additional ways to produce still money to fund governments that are not included on this page.   Because they would take attention from this topic, we cover them on other pages of this website.   At the moment, we invite you to read   A Debt Forgiveness Story. ² 

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Section Content 

"The Power of Forgiveness"

  How to Create a Public-Service Banking System

  How to End the Home Foreclosure Crisis - 90-Second Summary  

  The Magic Power of Forgiveness

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  A Debt Forgiveness Story

  Seeing the Ignored Face of "Toxic Assets"

  Why Use the Foundation Structure?

  What Would We Lose   if the public-service portion of the present banking 
                                                  system was replaced by non-profit foundations?
 

  Can Government Regulations Solve Financial Crisis

  Big brother's Big Government Versus "The People's Government"

  Creating a Public Service Banking System -- Costs Versus Benefits <-- You are here.

  Financial  Role Models

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  Debt Forgiveness - Open Letter to Politicians    

  Debt Forgiveness - Letter / Fax / Email  Recipients

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Notes and References

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**m2  **m2   Fiat Money    Fiat money is a gloried form of "Monopoly" money.   It's make-believe money.   It's nothing more than bookkeeping ledger entries or paper money which the Federal Reserve creates on their printing presses with absolutely no supervision.  The real value in this money is zero, zip, nada,  nothing.   It steals its value from the money already in the economy -- from the money in your wallet,  in your bank accounts, and in your retirement investments.   

The Finance industry then charges its customers hard-earned, interest money (money created with blood, sweat and tears)   for the use of this non-existent, make-believe money that they (the bankers) simply plucked from the air or printed on the Federal Reserve's counterfeit-money printing presses.   With this make-believe money, the bankers  control, dominate, and milk the people for real money.  

Here's how the scam works:  You and I, small business owners, and the general public borrow their money.   We work diligently to produce goods and services and then we give/pay some of our real goods and services to the lenders (in the form of money) as payment for the use of their non-existent money.   Then while we struggle to survive, the  super-wealthy then live extravagant lifestyles using this stolen wealth.   This technique for milking the public for money  has been going on for so many years that it's considered normal and almost nobody questions the validity of the system.  

http://www.Money-God-Money.info/money-defined.html#FiatMoney 

http://www.EconomicSanity101.com/small-business-funding.html#WhatIsMoney ²

**fb2  **fb2    The Federal Reserve:  --  Theft disguised as service.
http://www.Money-God-Money.info/federal-reserve.html#55 

 

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Site 53  --  Learn from History .com

Page  -- Creating a Public-Service Banking System - Costs Versus Benefits

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Public-Service Banking System - Costs Versus Benefits-53-Learn-From-History.com

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