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Nov  2009

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.  Learn-from-History .com is a sister site to
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Creating a Public-Service Banking System 

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Aug 2009

Page Four of Nine Pages

Debt Forgiveness

The Magic Power of Forgiving

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Page Content 

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  The Magic Power of Forgiveness

  What Would This Accomplish

  Let's Talk Numbers

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  What Would Happen to the Banks

  Additional Factors to Consider

  The Bottom Line

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  A Second Alternative

  The price of Apathy, Ignorance, and Denial

  Notes and References

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Magic Power of Forgiveness         . . .   March 2009

The Magic Power of Forgiveness

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Perhaps a little bit of across-the-board-forgiveness is in order today.    Forgiveness is, after all, at the heart of our moral, cultural, and religious values.   We certainly have Biblical support for forgiveness.   We find forgiveness at the very heart of Christianity.   Here's a quote from Jesus while the Roman soldiers were nailing his body to the cross:   "Forgive them Father, they know not what they do."   And then there is the core, Christian prayer (the Lord's Prayer) also at the heart of Christianity, which in part says, ". . . Forgive us our trespasses as we forgive those who trespass against us. . . "  

We are in the middle of spending multiple billions of taxpayer dollars for the purpose of  forgiving leaders of the financial industry for their ignorance and for their trespasses.   The spending of billions will soon turn into spending trillions of dollars for the purpose of  forgiving leaders of the financial industry for their ignorance and for their trespasses.   

What if we refocused that forgiveness and, instead, forgive every home owner's mortgage debt? **msc1     

The Quid Pro Quo   ---The bankers forgive all homeowner mortgage debts and we, the people, forgive the super-wealthy bankers for almost a hundred years of fraudulently charging us and our parents and grandparents trillions of dollars in interest on the use of make-believe money. **m2  

We could even be generous and say that the multiple-billions of taxpayer dollars that they have recently received as our contribution to their well-being.

Time Required:   The results would show up immediately.  The home foreclosure problem would end immediately

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Reference:   Debt Forgiveness

http://www.Learn-From-History.com/debt-forgiveness.html#53 ²

http://www.Learn-From-History.com/debt-forgiveness-story.html#53 ²

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What Would This Accomplish

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  It would eliminate all (or almost all) of those toxic assets (the bad home loans) that the bankers and the government bureaucrats seem to be so concerned about.   Reference:    Seeing the Ignored Face of "Toxic Assets"

  It would end the home foreclosure crisis in a matter of days not years.   

  It would prevent millions of homes from being seriously damaged or destroyed during the foreclosure process.

  It would prevent the financial devastation of millions of families.

  It would significantly re-empower the working class.   

  It would shift the cost of resolving the home foreclosure crisis from the taxpayer to the bankers and financial speculators who were responsible for creating both the overall financial disaster and specifically, the home foreclosure crisis.

  It would be infinitely cheaper than the present proposed solutions.

  It would be much faster than the present proposed solutions.

  In sharp contrast to the very questionable results of  taxing the public to reward the multi-billionaires for their wild speculation spree, home-loan-debt forgiveness would actually work.   The proof of this action would show up immediately as no more home foreclosures.   

  It would be the people taking care of the people.

  The result would be a re-emergence of both confidence in the political and economic system system and  faith in the American Dream.   

  Forgiving every home owner's mortgage debt would also be the ultimate economic stimulus package  --  a stimulus package that wasn't simply taking taxpayer money out of one pocket and putting it in another.   (See the section below titled:   Let's Talk Numbers.)  

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Lets Talk Numbers

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Editor's Note:   The numbers below are not exact, they are approximations based upon Internet searches.  The goal is not statistical perfection, rather it is to give readers a sense of the vast amounts  of the money that is regularly being transferred from the pockets of the people into the vaults of the bankers under highly unethical circumstances.  

 

According to WikiAnswers.com,  there are approximately 75 million home owners in the United states.   The average home loan is $225,000, and the average monthly payment is $1,780 per month.   Regarding the average interest rate, we found a wide range of rates.  To avoid being accused or exaggerating,  for our purposes we will make an estimate that is at the low end of the scale and use five percent.  

75 million homes  X   $225,ooo per loan  =  about 17 trillion dollar in outstanding home loans.

At five percent interest rate, that's about 85 billion dollars per year in interest payments being transferred from American home owners to the banks and other home mortgage  lenders. **msc2   Each month those 75 million homeowners each pay an average of $1,780 to the bankers -- that's about 133 billion dollars per month (just under 1.6 trillion dollars per year) being transferred from the pockets of the American home owners to the money vaults of the banks and other home mortgage  lenders.   

Now let's ask that tough question:     Who has 17 trillion dollars to loan to home owners?   NOBODY!   Then, where did all  that loan money come from? 

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Charging Money for the Use of an Illusion

The financial industry is unique in that it's the only industry that has succeeded in lending/selling customers a non-existent product and charging its customers rent (interest) on the use of its product.   

Lenders have been lending  make-believe money.   The money that the bankers have been, and still are, lending their customers is non-existent money.  Do you recall the child's game called "Monopoly."   Well, the bankers have been lending you a glorified version of Monopoly money.   They call it fiat money.   

Borrowers are paying their hard-earned money (transferring some of their goods and services) to the super-wealthy money lenders  for the use of this non-existent (fiat)  money. **m2   

Now let's take this one step farther.   Suppose the bankers forgive all 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.  

   

What would be the result?  It would create the ultimate economic stimulus package!   75 million homeowners would have an average of $1,780 each to spend each month for goods and service.   That's about a 133 billion dollars economic  stimulus package inserted into the economy each and every month.   The home foreclosure problem would be stopped dead in its tracks.   The so-called toxic bank assets would simply disappear.   The results would show up in a matter of days not years.   It would cause zero inflation.   It would cost the taxpayers zero dollars.   It would dramatically stimulate the economy.

We could then focus on the ever-growing threat to all humanity -- Nature's Doomsday Machine.    (See the section below titled:   Additional Factors to Consider)

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What Would Happen to the Banks?

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  The story presently being peddled to the public that 

we need to keep the offending, financial-industry executives in place and reward their wild excesses with multi-billion-dollar bonuses 

would be exposed for what it is -- a diversionary tactic designed to distract attention from the core truth.  The core truth is that the banking industry is ripping off the public by peddling non-existent money and charging the public "blood, sweat, and tears" for the privilege of using their illusion. 

  Forgiving every home owner's mortgage debt would trigger a much needed overhaul of the banking system.   Several pages on this website offer positive, easy-to-implement ways to re-design the banking system.   Here are three of them:   

 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

 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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Additional Factors to Consider

Before Making Such a Profound Decision

 

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1)     Nature's Doomsday Machine

The environmental destruction resulting from human overpopulation and human activity  is making irreversible changes in the environment -- changes that are now showing up in forms such as severe and unusual weather patterns, species extinction, and global warming.   

We have turned on Nature's Doomsday Machine.   Human-caused Climate Change has triggered the release of the 10,000 billion tons of methane presently frozen in the Arctic Circle.    Each year, the amount of this gas being released is increasing.   Unless this self-expanding cycle is reversed, the rate of release will escalate very rapidly to the level where it will become un-stoppable.  The resultant changes are deadly devastating and irreversible.    If it's  not turned back off within the next five years, it will become unstoppable and it will kill billions of people.   

Given the current path of humanity and the adamant refusal of most humans  to face the evidence, the question is no longer will disasters occur.   They are already happening.   The questions now are: "When will the next  disaster occur?  How devastating will it be?   Will I be among the next group of humans to suffer and/or die?    Could Global Climate Change really kill billions of humans?  (The evidence clearly say, yes.)   Is there any way out of this?    

Yes, but in order to solve the serious environmental problems, we must first (or jointly) solve our economic problems.

Reference:    

http://www.HowToReverseGlobalWarming.info#NaturesDoomsdayMachine

2)    Fear that the Super-Wealthy Won't Like this Proposal

Unless the super-wealthy are bent on suicide and are intending to take the rest of the world down with themselves, this proposal is in their highest and best interest.   In the question of exchanging an expendable portion of their wealth for the lives of their children and grandchildren, the children and grandchildren obviously are (or at least should be) more important.

3)    Debt forgiveness could solve the home foreclosure crises

         in a matter of days not years.

It's success is guaranteed.   Its price will be a small fraction of the cost of not taking this option.

4)    We Can't Wait Years to See if the Government's 

         Proposed Solutions Will Work

At best, the presently proposed solution will take years to solve the financial crisis.  

Estimates from the so-called, financial experts range from two to ten years.  There are no guarantees that the proposed solutions  will succeed.   The historical evidence points to the conclusions that: 1)  The proposed solutions are designed to give the appearance of solving the problem, while in reality,  the new laws amplify the power of the the super-wealthy,  2)  The proposed solutions will produce massive inflation, and 3)    By the time it's failure shows up, global climate change will have become unstoppable.   (See the first factor above- Nature's Doomsday Machine.)   The price of waiting two years for a solution is not just about money.   The price also includes:

    A social morass of grief, misery, fear, and poverty

    Lives lost and/or destroyed

    Time, effort, money, resources wasted, and labor misdirected

    Environmental damage, and species extinction

    Global Warming becoming unstoppable

    Lost personal, social, and political freedom

    Loss of  heath, joy, and safety,  

    Loss of consistency, dependability, convenience. etc.

When the price of not acting today is measured in the above terms, the cost is so astronomical and so devastating that delay is just not a reasonable option.

And not only that, the proposed solutions do not solve of even address the core problem of the financial industry.   That problem is the huge, costly, and environmentally devastating conflict of interest between providing fair-priced, financial services to the public and making a profit.

Reference:    

http://www.Money-God-Money.info/conflicts-of-interest.html#55  ² 

5)    There Is Always      A Price to Pay      and      A Blessing to Receive

No matter what we do or don't do to resolve the financial crisis, some people are going to get hurt financially and in other ways as well.   There also will be those who will receive much wealth and many blessing out of the resolution of this crisis.   

In spite of the fact that some people will be hurt, both the financial and environmental crises are a great blessings to us on the collective level -- that is, assuming we don't allow Global  Warming to cause the extinction or near-extinction of all human kind.

If we are wise, we will wake up to the Spiritual Truth that  We are at one with God -- at one with nature  -- and at one with each other -- that being altruistic is the most selfish way you can possible live.  

What I do to you, I also do to me.    
As you sew, so shall you reap.    
What goes around comes around.    
What I do for you, I also do for me.   What I do for me, I also do for you.  
The Biblical equivalent is called a "Boaz Blessing," which is, in essence,  planting seeds for your own future well being.

When we acknowledge that we are spiritual beings  and that we are not physical bodies experiencing a single, objective Earth,  this new awareness puts everything we do in a brand new context, and the new context gives all of our actions expanded or completely new meanings.

6)    Who can best survive a major financial hit, 

         the super wealthy or the average citizen?   

Obviously it's the super-wealthy.   Do any of you want to send sympathy cards to all those former billionaires who are now only multi-millionaires?

7)     Who Actually Earned the Money that the Super-Wealthy

         Claim to Have Made?

The working class earned that money!   Those who claim ownership of the vast fortunes actually produced little or nothing themselves.   They were smart enough, or lucky enough to establish a profitable business in which they coordinated activities of thousands of others produced great wealth.   Some were simply in the right place at the right time.   Others were brought into management positions in profitable businesses, and a few were born into super-wealthy families.   

Once in controlling positions, these men were also clever enough to manipulate the monetary system so that they took, for themselves, most of the profits that their laborers produced.   Those who put billions of dollars in their own pockets from the companies they "owned" or managed were either price-gouging their customers, misusing their employees, and/or destroying the environment.   Most were doing all three.   

When you consider the infrastructure in which the super-wealthy people functioned, they owe a great debt of gratitude to the millions who created and/or maintain the context in which their success was possible.   If we dropped the super-wealthy off the ship at Plymouth Rock in 1620, how many of them would be the millionaires they are today?   They did not produce their great wealth.   Their wealth is a product of the ingenuity and labor of billions of humans going all the way back to the grandmother of the person who invented the wheel!   

Of course, and like everyone else, corporate leaders deserve to be well paid for their services, but no individual deserves billions of dollars while his employees are being exploited, while his customers are being price gouged and/or while his company's effect on the environment is being ignored.   In their ego-centric struggle to become super stars in the business world, the super-wealthy business controllers have forgotten the well-being of the team that actually produced the wealth.   

We are not suggesting imposing laws limiting corporate greed, but rather than, as is done now (honoring and respecting them),  a more appropriate response is to shame these people for exploiting their employees, for price gouging their customers and for destroying the environment.

You and I and everyone else are also co-creators of our planets collective wealth.  No one, including those considered to be least skilled and the most vile among us, deserves anything less than love, honor, respect, and enough food, clothing, and shelter to make his or her time on Earth a safe, journey through the path of human life.   

Our society  cannot provide that while allowing the super-wealthy bankers to continue ripping off the public for "a few dollars more."   Giving back by supporting the system that provided the context in which they became wealthy is the least they can do.   And today there are ways to enhance the wealth of everyone else without jeopardizing anyone's present wealth.  

8)    The Free Enterprise Illusion

There is no such thing as a free market economy or as the Republican old-boys club members call it, "free enterprise."   

The economy is highly controlled by the super-wealthy for the super-wealthy.   The monetary system is extensively manipulated by its controllers and it's controlled at the expense of everyone and everything else.   The general public, their own company's employees, and the environment, and the land of indigenous peoples around the globe, are their primary targets of exploitation in the name of profits (more money) for the already wealthy.

Reference:    

http://www.EconomicSanity101.com/capitalism-illusion.html#83

9)    Money Becomes Just Numbers

At a certain level of wealth, money becomes only numbers, or pieces of paper, or journal entries, or pieces of metal , such as gold or silver.   The emotional hooks  **mc7  are the controlling factors, not the money, itself.   

As an experiment, take out a coin or paper dollar of the highest denomination you have available.   If you have a silver or a gold coin, use that for this experiment.    

Sit quietly for a minute or so and look at the object you chose.  Imagine yourself as a personal version of Robinson Caruso, trapped on a tropical island.   Imagine you have thousands of the coins or dollars like the one you hold in your hand.    Imagine their value to you on this island.   

Did you notice that the value is not in the money, itself, but rather, it's in the minds of you and the other people who  accept these pieces of paper  (or coins)  as money?   Your coin or paper dollar represents the goods and services that other humans will give you in exchange for it.

The super-wealthy have all the goods and services that money can buy.   To a billionaire, of what value is another dollar or even another million dollars?   At some point, more money becomes only numbers.  The emotional hooks  are the controlling factors, not the money.   (See Factor 10, below.) 

10)  Humans are susceptible to becoming lost in the material world.   

For many people, some aspect of their physical world takes over and controls their lives.   Their job, their religion, money, sex, drugs, power, fame, material possessions -- their passion about something in the physical world -- becomes their point of  identity, their sense of self, their reason for being.   The evidence about who and what they really are becomes lost in their quest for material satisfaction.   

Money is one of the most powerful mind-seducer on the planet.  Why?   Because money is an avenue to sex, drugs, power, fame, and material possessions.   It's a ticket to live, be, do, have, express, and/or experience almost anything on the entire planet.   It is the ultimate backstage pass at the theater of physical Earth life. **mc7  

11)   Will the presently proposed solutions actually solve 

         the financial crisis?

NO!  They  will simply defer disaster to a later date.   In the meantime, and while the super-wealthy plead, squabble, bicker, and fight for "a few dollars more," Global Climate Change will kill billions of people and forever change the face of planet Earth.  

Reference:    

http://www.HowToReverseGlobalWarming.info#NaturesDoomsdayMachine

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The Bottom Line

You can think of  Homeowner-Debt-Forgiveness  as a  quid pro quo  --  the bankers forgive all 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

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We invite you to read page two, titled:      A Debt-Forgiveness Story

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A Second Alternative

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If the idea of homeowner-loan-forgiveness is too much for your mind to handle, here's a middle ground alternative:

   How to Solve the 2008 Financial Crisis

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And while we are cleaning up the pollution of our financial industry, here are two more unique ideas:

One deals with a fair and non-usury way to fund state governments with the profits from credit card lending and homeowner insurance.

   Funding State Governments  

The other provides a way to fund county and local governments with the profits from personal loans, homeowner loans, student loans, and small business loans.

  Funding County and City Governments 

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The Price of Apathy, Ignorance, and Denial

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  Here are some of the potential costs that we would be wise to consider when examining the proposed solutions to our financial crisis.   

    On the side of what we are seeking, we are looking for a solution that provides  the greatest, long-term good for the greatest number of people.   

    On the side of what we choose to avoid, we are looking for solutions that produces the lowest cost in terms of creating the least amount of

    Grief, misery, fear, and poverty

    Lives lost and/or destroyed

    Time, effort, money, resources wasted, and labor misdirected

    Environmental damage, and species extinction

    Lost personal, social, and political freedom

    Stifled freedom of speech

    Loss of  heath, joy, and safety,  

    Loss of consistency, dependability, convenience. etc.

  When we examine the present economic system in terms of the above listed costs and the resultant misery generated, the findings are disgraceful and shameful.  

    On the side of seeking the truth, we are looking for solutions that the evidence indicates are functional, viable, long-term sustainable, and in line with what the evidence indicates to be most likely the truth about reality.   For centuries, humans have been living as if dozens of illusions were provable facts.   

For example, the scientific evidence indicates that a human being is not his or her physical body.   This challenges much religious theology and brings up the usually ignored and unanswered question, "What is a human being and what is the relationship between man and the Source of the Universe?

If the human species is to survive, we must face our own false beliefs and seek the truth no matter where that truth takes us.   Money and religion are the two main areas where humans are in the quagmire of illusions, ignorance, apathy, and denial.   In addition to this website, here are two additional TLC-Life-Center websites that address this issue:  

Are You Inside or Outside of God --  http://www.Truth-Seeker-Truth.info ²

The Truth About Money  --  http://www.Money-God-Money.info#55 ²

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This is the end of Page Two -- The Magic Power of Forgiveness.    

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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  

  Debt Forgiveness  Makes Way for a New Banking System

  The Magic Power of Forgiveness       <-- You are here.

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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

  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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**msc1   **msc1    We are not suggesting that real estate speculators be included, here, but only the primary residence a person owns, even if he or she does not live in that house.   We suggest this because  some home owners rent their own homes and live elsewhere.  They use the difference between the rent they receive and the rent they pay as part of their financial support.

**msc2   **msc2    In 1992,  interest rates  were as  high as 8.98% for a thirty-year fixed loan.   An average rate over the last seventeen would more accurately be in the range of 6.5%  making the interest payments going to the banks more like 110 billion dollars per year.  

**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

**mc7   **mc7    Here are some question that we invite the the super-wealthy bank owners to consider answering for themselves:  

Do I have money, of does money have me?

What about my health, my family life?   

Am I sexually fulfilled?  

Do I have peace of mind?   

If money were your physical body, you would be considered obese.   What are really hungry for?  You already have more than enough money to last several lifetimes, so striving for more money is a false goal.   Perhaps it's time to take a break from making money and ask that tough question:  "What is it that I am really hungry for?"  

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Call for a  Free Introductory Session --  818-727-0727

Learn techniques that can be used to enhance your skills and
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Page  --  Debt Forgiveness - The Magic Power of Forgiveness

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