Creating a Public-Service Banking System-53-Learn-From-History.com

We are facing the greatest economic, social,

political, and environment challenges in all of human history.

What Is 1: The present banking system is obsolete, fundamentally flawed, consistently dysfunctional, grossly unfair, managed in secret, filled with ethically questionable loan practices, riddled with conflicts of interest, owned by the super-wealthy, run for the super-wealthy, and managed by excessively self-centered and arrogant multi-millionaires who don't give a damn about the people, their plight, their rights, the truth, or the environment.

The banking system is focused exclusively on money and profits for it's owners. It charges its customers hard-earned, interest money (money created with blood, sweat and tears) for the use of non-existent, make-believe money that they (the bankers) simply pluck from the air. **m2 With regard to serving the public, as it's presently being run, the American banking system is all but dead.

What Is 2: Every one of the publicly proposed, financial solutions to our 2009 financial crisis was designed by the people who created the problem. All publicly proposed solutions place self-interest-first -- (pay the bankers first). All are 100% focused on treating symptoms and 0% focused on solving the problem. They all involve giving billions of present and future taxpayer dollars to those who directly created the financial disaster and indirectly created the well-underway, deadly environmental disaster called Runaway Global Climate Change. ^*** These so-called solutions call for "Doing more of the same," or "Doing the same thing harder."

Their solutions propose that
by creating more massive debts, they can solve
the problem that they caused by creating massive debts.

What Is 3: The bankers are attempting to propping up a failed system. The financial bubble has burst, and the bankers are refusing to pay the price of failure. Instead, they are trying to keep the artificially high prices in place. They are proposing more government, more spending, more regulations, and more of themselves in charge of everything financial.

What Is 4: Each of their proposed solutions will take years to accomplish. None have any guarantee of success. The only guarantee we have is that, regardless of how much money is spent propping up the failed banking system, none of the proposed solutions will solve the financial industry's core problem. 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. Without major changes, the exploitation of customers, the exploitation of employees, and the destruction of the environment will continue to the point of self-destruction. ^***

What Can Be: In sharp contrast, there is a relatively simple, far cheaper, incredible more effective alternative plan that will rapidly produce results -- results that, once the plan is implemented, will begin to show up in a matter of days. Here it is -- but first, why it's urgent and then, the plan.

Why Taking Action Is Urgent

Taking Action is Urgent Because We Are
Facing an Environmental Disaster of Epic Proportions

The financial crisis must be solved immediately so that we can turn our attention to saving what's left of the environment. Human overpopulation and human activity have turned on Nature's Doomsday Machine. All of our children and our grandchildren's lives are on the line, including those of the super-wealthy.

If the environmental problem is not resolved, Runaway Global Climate Change will soon reach the point of becoming unstoppable. This will result in billions of people suffering and dying under the deadly ravages of major environmental disasters. If we allow Global Climate Change to continue unchecked, everything else that humans do, financially or otherwise , will be irrelevant.

Reference: Nature's Doomsday Machine
http://www.TruthSpeaker.net/urgency-for-action.html#43

What's at the Heart of Solving these Problems?

The Answer Is
A Network of Independent Non-Profit Foundations

By using non-profit foundations independently and by partnering non-profit foundations with existing, profit-oriented corporations, the nation's entire economic structure can be rebuilt in a matter of months. This approach would eliminate huge conflicts of interest in the financial industry and other corporations as well. It would end exploitation of our natural resources for the sake of making a profit. In profit making corporations it would place employees (including management) customers, and the environment on an equal footing with making a profit. In profit making corporations it would also end the age-old war between labor and management.

Reference: Unbridled Capitalism Gets Bridled

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

Reference: The Benefits of Foundations

http://www.EconomicSanity101.com/benefits-of-foundations.html#83 ²

Resolving the Problem -- Phase One

The Immediate Action

An Across-the-Board, Homeowner Debt Forgiveness

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.

A very compelling argument can be made for shifting the focus of that forgiveness and simply forgiving 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

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

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.

Resolving the Problem -- Phase Two

Immediate Follow Up Action

Split the Banking System into Two Parts:

The part that handles multi-million dollar loans remains similar to the way it is except that 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 -- a foundation in every county in the entire country. Initial funding for the foundations comes directly from the U.S. Treasury (bypassing the Federal Reserve ^**fb2). Future profits are used to repay the loan and then to fund county and local governments.

Time Required: Foreclosures could be stopped immediately. Completing the transition would take a few months.

Reference: How to End the Home Foreclosure Crisis

http://www.EconomicSanity101.com/bo-3-how-to-end-home-forelcosure-crisis.html#83 ²

Resolving the Problem -- Phase Three

The New Corporate World Foundation's
Win-Win Business Structure

It is now possible to create a simple, easy-to-implement, powerful, financial-transformation structure that will return billions of dollars to the working class and give corporate employees, corporate customers, and the environment equal priority with making a profit. It centers around inspiring existing profit-oriented corporations to partner themselves with their own independently managed non-profit foundation. When corporations begin to use this dual-management structure, it will literally transform the corporate world.

Time Required: How fast the results show up depends upon the degree of commitment of the corporations. It could take a few month to two years for the collective impact of this shift to show up in the economy.

Reference: NCW's Win-Win Business Structure

http://www.New-Corporate-World.info#39 ²

Reference: We Are in the process of developing a role model to demonstrate how this is done and the results it will produce.

http://www.Green-Earth-Computers.com ²

Resolving the Problem -- Phase Six

Funding Federal Government ...

How to end the exploitation
of the nation's natural resources
and at the same time, fund the federal government.

Editors Note: Phase six has been updated. Instead of and/or in addition to the solution proposed below, we are suggesting a third network of is a nation-wide, county-level, mutually-supporting, independent, non-government, non-big-business, non-profit foundations that will provide high-quality fair-priced credit card services.
Reference: http://www.PeoplesFoundations.com#gr

A portion of the money from the sale of mineral leases and land-rights leases on federal land would be given to a network of non-profit foundations. The foundations would use the money to buy stock in the profit-oriented corporations which lease mineral rights and land-rights leases on federal land. The foundations would eventually own a controlling interest in these corporation and could convert their exploitation into long-term resource management. The profits from stock ownership of these corporations would go to the foundations and not to the super-wealthy. The profits could be used to buy more stock in the corporations and/or to fund a huge portion of the federal government. Using this process, the foundations could even take over ownership of the Exxon Mobil. Exxon Mobil was the second largest (second most profitable) U.S. corporation in 2007. ^**msc2 If that happened, instead of 40 billion dollars per year going into the vaults of the super wealthy, that 40 billion could be used to pay for education, or for health care, or to to reduce your tax burden, or to fulfill dozens of other human needs.

Each state could set up a similar foundation and follow the same procedures to fund state governments.

Time Required: How fast the results show up depends upon how much of the leasing revenues were directed into the foundations.

Reference: How Non-profit Foundations Can Buy Controlling Interests in the Oil, coal, and other Corporations that are destroying the environment and use the profits from theseinvestments to Fund the Federal Government.

http://www.EconomicSanity101.com/funding-national-governments.html#83

Reference: As an example of how to do this and the result it will produce, readers are directed to the TLC-Life-Center website titled: How to Preserve the Last of The Virgin Redwood Forests.

http://www.RedwoodForests.info ²

Resolving the Problem -- Phase Seven

End the Exploitation of the Working Class

When one examines the various aspects of the financial crises, the same fundamental cause shows up time after time -- lack of liquidity (lack of spendable money). The infrastructures are still sound. The workers are still there ready, willing and able to produce all the necessary goods and services. The homes, the factories, the transportation system, the sewer system, the electrical system, the educational system, et cetera, et cetera are all still there and functional. What's always missing is one thing and one thing only -- the medium of exchange -- the money that makes the system function.

This brings up some logical questions: The money was there, so when, where, how, and why did the money get pulled out of the system? The lifeblood on the economy is money. The working class is seriously hemorrhaging money from at least nine major wounds and dozens of lesser ones. The page linked to below explains how the working class is being milked for money and how to end this needless exploitation.

Reference: Exploitation of the Working Class

http://www.EconomicSanity101.com/how-working-class-is-milked-for-money.html#83 ²

Resolving the Problem -- Phase Eight

Facing Our Illusions and our False Assumptions

Most people function as if one or more of the major, destructive, human illusions were backed up by evidence (provable facts). Here are just a few of the dozens of unprovable beliefs that dominate and control human behavior.

The Belief that Humans are Separate from Creator/God, Separate from Nature, and Separate from Each Other.

Reference:

http://www.Truth-Seeker-Truth.info ²

The Belief that Human Population Can Continue to Expand. Excessive human population is amplifying every major problem on the entire planet.

Reference:

http://www.truth101.org/vs-overpopulation.html ²

The Belief that Humans Are their Physical Bodies. What does the evidence tells us about the nature of man? Among other things the evidence tell us that there is no such thing as physical matter -- that physical matter is condensed energy. Thus, a human being cannot possibly be his or her physical body. This throws a huge "monkey wrench" into the "wheels" of present-day, fundamentalist Christianity.

References:

http://www.Does-God-Exist.net/spiritual-awareness.html ²

http://www.Does-God-Exist.net/universal-spirituality.html ²

The Belief that What You Have in Your Wallet Is Money. Regarding money, humans hold so many false beliefs that we have devoted an entire website to busting financial illusions.

Reference:

http://www.Money-God-Money.info#55 ²

The Belief that Corporations Pay Taxes. To see this illusion, one simply needs to take a moment and become aware of the basic economics of how a corporation functions.

Reference:

http://www.EconomicSanity101.com/corporations-and-taxes.html#83

Resolving the Problem -- Phase Nine

Money, Power and Control

Would you prefer big brother's big government controlling your life or
would you prefer a government
"of the people, by the people and for the people."
To examine these two options, please go to the page titled:

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

What's All this Going to Cost?

Let's look at the financial costs and benefits of creating a new Public-Service Banking System.

Creating a Public Service Banking System -- Costs Versus Benefits

Notes and References

^**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 The Exxon Mobil Example

http://www.EconomicSanity101.com/funding-national-governments.html#Exxon Mobile Example ²

**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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