I do not wish to further what I call The Dooms Day Parade.
Instead my brain can conceive the opposite.
Consider something similar to Liberty Day.
Suppose the concept looked something like a future day when The Dooms Day Parade slowed to a stop and then began marching in the opposite direction. What would that look like in reality?
One obvious indicator would be a change in the direction of flow of power from the few back to the many. This would specifically be a change in the direction of the flow of power from the few criminals who steal that power by fraud and force from the many. This is an important distinction because the few who earn the power flowing to them honestly and by methods and means that do not injure innocent victims will certainly be able to do so in Liberty as well as they can while people march in The Dooms Day Parade.
Before describing a few more details concerning Liberty Day I am going to convey a few more illustrations of The Dooms Day Parade. When people prophesize an undesirable future, repeatedly, over and over again, a steady and ceaseless flow of information concerning inevitable peril, day after day after day, a curious observation can be made; i.e. this is self-fulfilling activity. It is as if people want Dooms Day to arrive sooner, rather than too late.
On the other hand; other people desire and work toward something better. What is better? Better than what?
Suppose Liberty Day started on a day when people woke up to find an obvious improvement? This was not merely a case of change, rather, this was a new direction toward greater productivity, prosperity, and this was going to ensure the good life for posterity. This was so obvious as to be splattered across the NEWS in the morning outlets, papers, shows, and all over the internet.
The simplicity of the improvement was nearly unbelievably simple until such time as necessary for the observers to work out the future realities with even simpler logic. The beginning of Liberty Day started with a simple advertisement concerning two new products for sale to anyone anywhere on the planet earth.
The Headlines in all the News simply stated: Liberty Day Loans. The articles direct the reader to a link where these loans can be purchased. The casual skeptics, even the most skeptical of them, followed the links and found the truth.
For sale, to qualified buyers, two new products became available on Liberty Day. The first product was a government sponsored loan, at no interest charge, for anyone’s home property or primary business property. Some callers immediately learned that they did, in fact, qualify for this loan and they didn’t waste another high interest mortgage payment before applying for and receiving this new package. Other people hesitated. Some people found out that their previous indiscretions with credit left them in the cold or caused an interest charge to be charged to them based upon their past credit history.
Many people, honest people, hard working people, liberated themselves from the onerous shackle of banking interest immediately; on Liberty Day. Some of these people took the time to process the paper work and by the end of the week they reduced their monthly mortgage payment significantly and thereby increased their monthly power to purchase. Other people opted to pay off their mortgage sooner while sending the same monthly payments on the principle loan amount.
That was product number one.
Product number two was also a government sponsored loan product offered specifically for honest people who produced an income on a regular basis earning a good credit rating. This product included a one percent interest charge for the purchase of a loan that would be used to produce, sell, maintain, or consume any alternate energy product such as Solar Panels, Wind Generators, and Electric Cars.
Some people immediately purchased the second loan while they purchased the first product. Some people immediately began the process of generating their own independent power at home and on their primary business properties and in so doing they produced more than enough power to pay off the loan plus the interest on the loan; at one percent interest. Other people hesitated. Some people did not qualify for that minimum interest charge and they too hesitated to risk the higher credit liability.
Some people ignored the new venture as an impossible dream, a pyramid scheme, and an inflationary government boondoggle. They could not see past the current state and condition of the U.S. Dollar. They did not notice, at first, how the new venture was financed apart from The Federal Reserve Corporate (limited liability) issue of currency. In fact; the new Liberty currency issued on Liberty Day competed directly with The Dollar issue. The Liberty currency was based upon property and electric energy, while The Dollar was based upon fraud. Which one will win? These were the questions being asked on Liberty Day.
The new issue of new currency, Liberty Dollars, were units of legal value and as such these units of value were valuable because they represented property and electric power. In addition to that measure of value (property and electric power) that issue of currency, Liberty dollars, were valuable because the government allowed those units of value to be used to pay taxes; just like The Dollar.
Therefore, Liberty Day, was the day that The Dooms Day Parade faced competition to its monopoly on a level playing field. People began turning in their dollar denominated monopoly money for the competitions version of ‘legal tender’. Of course The Federal Reserve Corporation was ready and willing to publicly assassinate the competition through its many compliant media outlets. The first cry from The Federal Reserve Corporate Spin Meisters was that of “Inflation” and all of the people who steadfastly refused to invest in Liberty currency, the competition, parroted that cry: “Inflation”. Rightfully so for them since their currency value plummeted relative to every other currency; foreign and domestic. All honest currency was as threat to that fraudulent currency monopoly power.
Meanwhile; the people who immediately cashed in their dollar denominated mortgages for Liberty dollar denominated loans (interest free) were either gaining purchasing power immediately (lower monthly payments) or these entrepreneurs were paying off their mortgage quickly so as to have no mortgage payment sooner. The dollar people continued to pay as much as 6 percent interest on their mortgages and many of them continued to work for and pay mostly interest and hardly any principle for years and years and years despite their excellent credit ratings.
Meanwhile; many people quit their dead end service jobs and began employing and being employed in the new age of Solar Energy, building, selling, maintaining, and installing Solar Powered machines. Some people started new Electric Car business, taxi services, fleet conversion, even governments began the process of moth balling the old “Oil Addiction” and investing in the new age of Independent Power from the Sun and its ability to generate power in abundance.
Many people hesitated out of fear. Many people listened to the repetitive chant of The Dooms Day Parade. Many people were confused and duped. The math was too complicated. On the one hand an oil based car cost about 50 dollars to fill up the tank and the car would travel about a week. The neighbor, on the other hand, didn’t pay a dime for his own electricity, or so he said, while his car drove past every gas station. His car filled up at home. The sun doesn’t shine at night; charged the oil dependent dollar investor, how do you charge at night?
Some entrepreneurs borrowed money at one percent interest to create battery changing systems, battery construction businesses, and energy storage systems involving, water, hydrogen, and other means. The flood gates had opened. The legal tender cartel was broken from within rather than from without the reach of the U.S. Federal Tax power.
Some people held onto their strong belief in The Dollar for much too long before finally converting to the more accurate and less expensive currency. Some people jumped out windows. Some people mourned the loss of their precious Dooms Day Parade.
Most people merely went on living as best they can, going with the flow, making ends meet; after Liberty Day.
Before Liberty Day the honest American people could not wait for someone else to end the torturing and mass murdering dollar hegemony. They weren't going to wait for China to do it, not Russia either, and American's were not going to wait for an alignment between Russia, China, Iran, and Venezuela to break the back of The Dollar Hegemony and its Dooms Day Parade. The honest people in America had enough. It was time for Liberty Day.
Remember the Liberty.
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http://www.youtube.com/watch?v=45f1Riv_z1I&feature=related
"BUSH GUILTY OF 1ST DEG MURDER" - BUGLIOSI TELLS CONGRESS
More from here:
http://www.informationclearinghouse.info/article20208.htm
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Most of all, the price of labor reflects the high cost of housing here mainly the cost of carrying a home mortgage plus non-mortgage debt. Labor doesn't benefit from these costs. And as matters have turned out, industry hasn't benefited either. It's the price the U.S. economy as a whole is paying for having become financialized and privatized in a dysfunctional way.
MW: You have said that the financial crisis is analogous to a "boa constrictor wrapping itself around the economy and slowly strangling it." Would you elaborate on that?
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If 'the government' were to offer two products to the people for consumption the form of those products could be as such:
Product A:
A home and business property mortgage loan at no interest to qualified buyers
Product B;
A one percent interest loan for power production and consumption such as:
The purchase of Solar Panels
The purchase of a Solar Panel installation business ‘start up’
The purchase of an electric car
The purchase of an electric car taxi service
If ‘the government’ merely awarded the license to produce and maintain that new supply of money (not dollars) to compete with the current Federal Reserve issue of fraudulent currency (dollars), then the people could regain control of the economy because the people would have sound money backed by their own honest industry and property.
From the link:
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The moral is that economic strength consists of the ability to create credit that fuels economic growth. But the privatized banking sector is crippling this strength in the United States these days. Instead of creating credit to fund industrial capital formation, the banking system is lending to bail out bad financial pyramiding.
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Credit is a product that's almost free to create. Its main cost of production is the lobbying expense to buy Congressional support.
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The moral is that you can't really have a grab for empire and the wars that go with it and at the same time have a booming economy.
In 1985 there were just 13 US billionaires. Now there are more than
1,000. In 2005 the US saw 227,000 new millionaires being created. One survey showed that the wealth of all US millionaires was $30 trillion, more than the GDPs of China, Japan, Brazil, Russia and the EU combined. The rich have now created their own economy for their needs, at a time when the average worker's wage rises will merely match inflation and where 36 million people live below the poverty line."
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HOLD ON
Please consider this:
http://www.the-portal.org/mutual_banking.htm
Just look for and read the description of something called: The Parasite City. Read that to make sense of how credit becomes a tax flow from workers to legal tender monopoly bankers.
Back to the current NEWS source:
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The dichotomy is not merely between an elite and the masses, or between the vested interests and the downtrodden, the cultured and the great unwashed. It is something much more specific. These two nations, two cities, actually are two economies – Economy #1 (production and consumption) vs. financial and property-based Economy #2 which controls the economic surplus in the form of savings and investment. And the different characteristics of these two economies go far beyond the merely economic dimension.
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There are contradictions in that work. The BANKERS monopolize CREDIT costs. They are being challenged by a competitor.
The competition is Islamic Finance.
Here:
http://www.google.com/search?hl=en&q=Islamic+Finance
Note the popularity numbers: 1 - 10 of about 1,200,000 for Islamic Finance
Watch how that grows in the future (unless another muslim Nation is bombed back into the stone age).
Example:
http://www.forbes.com/2008/04/21/islamic-finance-sharia-islamic-finance-...
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Islamic finance is booming
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Why?
http://www.informationclearinghouse.info/article19818.htm
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Partnership is the heartbeat of Islamic economics. “Underlying the system is the philosophy of risk sharing: the lender must share the borrower’s risk, making the two in effect partners, injecting a strong social component into the financial system. This concept separates Islamic Finance from Western Finance, which seeks to maximize profits and minimize loss through diversification and risk transfer.” Also, money must be put to work. Because Islamic finance prohibits interest, it seeks revenues from rents, royalties, business profits, or commodity trading; a mortgage, for example, represents a “rent to buy” arrangement. Thus, conceptually, Islamic economics is the opposite of Western finance, which revolves around the individual’s self-interest.
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That is an example of employing the cost principle. Costs are not passed onto victims. Costs are accounted upon those who cause costs.
http://www.lewrockwell.com/north/north630.html
"The horror!"
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I like electric cars too.
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David S,
Some people cannot afford cars because gasoline prices are no longer affordable. Some people do not know that electric cars are much less expenseive to run even if the buyer, consumer, and user does not generate home power for free.
The price of electricity (made with coal mostly) may rise too so “I like Solar Panels”.
Some rough numbers are posted at various links around the Globe (and the net).
Here is one example:
http://www.teslamotors.com/
“Less than 2 cents per mile”
Here is another example:
http://www.aptera.com/
This one is more complicated and more informative:
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With the All Electric Aptera, it is very easy to figure out the mileage range. The mileage is determined by the distance you can drive, under normal circumstances, until the batteries are effectively drained. In the case of the first Aptera typ-1e, we have calculated the range to be about 120miles.
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Looking at typical California electricity rates the cost should be in the $1 to $2 range for an overnight charge.
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1 to 2 dollars for 120 miles
How about a relative cost comparison? Suppose a gasoline powered car can go 35 miles on one gallon of gas at 3 dollars per gallon?
3 dollars for 35 miles
or
1 to 2 dollars for 120 miles
The two examples linked are Start-Up companies in the new age. Tesla is working on a less exotic car; a sedan version. Tesla already opened their first dealership in California.
If someone has any doubt about the Electric Car economic viability they may want to search for and review a copy of the movie titled “Who Killed The Electric Car?” Tom Hanks makes an appearance in that movie.
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So I'm a little dubious about solar right now. Although it could be the best way to go if you live in a sunny climate in a remote area where there are no power lines. It could be cheaper than paying the electric company to run power lines to your house.
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Wind power, as far as I know so far, costs less and produced more than Solar Power when Wind Power is produced on a large scale. I think this works much like the relatinoship between surface area and volume. A small ball, for example, has a lot of suface area (like cost) and very little volume (output) compared to a large ball because the ratio of surface area (cost) to volume (output) is much lower on surface area and much higher on volume as the ball grows in size (scale).
Where I live the sun shines bright most of every day and the wind blows feirecly every season.
Here are two links on current events in Solar and Wind power for your perusal:
http://www.avasolar.com/news/pressDisplay.php?i=12
http://www.metaefficient.com/renewable-power/worlds-largest-wind-turbine...
If the cost of electricity goes up, then the cost of not producing your own electricity goes up too. Another way of seeing this may be too ‘different’ to grasp at the moment.
If the supply of power reaches over-supply, the price of power will reduce, while purchasing power increases, because power lowers the costs of production.
You will not find that in any economic book. You may have heard it here first. It is true.
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Some of this sounds pretty good. I like the idea of dumping the Fed and creating an honest currency. But where will government get the money to provide interest free loans? Or 1% interest loans?
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David S,
When a government taxes, the effect is to create a new market and this must be understood in order to answer your question (as far as I can tell and I am not the official state economist so my word isn’t officially sanctioned).
The new market created by government taxation (even if it is a voluntary tax) involves a form by which the government will accept the payment of taxes. If the government will only accept shrunken rat heads in the payment of taxes, then shrunken rat heads become a new market. People all over the nation will begin to make shrunken rat heads so as to pay taxes, since that is the law issued by the government and enforced by the government.
You can think this through on your own. I can explain this in greater detail if needed. The fact is that our government is not voluntary, the taxes are not voluntary, and the official form by which the government demands tax payments (or else ) is the Federal Reserve Issue of currency. You must pay taxes. You must pay taxes in Dollars. You can’t pay taxes with shrunken rat heads. You could make shrunken rat heads, sell them for dollars, and then pay taxes. You must pay taxes, or else. You must pay taxes with Dollars. You can’t make dollars at home.
That is a powerful law. The law makes The Federal Reserve very powerful. The Federal Reserve is the only entity empowered with the ability to make “legal” Dollars. So…your question can be seen in this light.
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Some of this sounds pretty good. I like the idea of dumping the Fed and creating an honest currency. But where will government get the money to provide interest free loans? Or 1% interest loans?
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The reason why The Federal Reserve can get away with their complete and unchallenged domination of creating money is, perhaps, complicated and those reasons include the employment of fraud and violence. They, The Federal Reserve, ‘get the money to provide interest free loans’ with a button push on a computer terminal. They merely add zeros to their own account. You may not believe this and then again you may be intimately aware of this fact. If they can do it, and they can, then why would it be impossible, or even difficult, to image a competitor doing the same thing at the same time only doing it better.
Here is your question again (cut down to its principle):
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But where will government get the money to provide interest free loans? Or 1% interest loans?
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I can walk you through the way this can work from this day forward (if it is done today). Today we wake up with the choice between “business as usual” or purchasing a new loan from the new Government Issue money (actually currency) mortgage loans.
On one hand: You can keep your dollar loan (if you have one) on your home and your business property with all of the charges involved in that loan.
On the other hand: You can buy a new currency issue loan to pay off your current mortgage and that loan will charge no interest. All that you have to do is pay off The Federal Reserve Dollar loan and begin paying off your new interest free loan.
You can even ask your current mortgage company which form of “legal” currency they want in the payment of their loan and know that the “Law” can be changed to eliminate fraudulent (coerced) pre-payment penalties. If the current mortgage company will not accept the new currency for their pay-off, then, the “Law” can demand of The Federal Reserve that the new currency must be exchanged for dollars at the Fed based upon any type of exchange rate demanded by the “Law”. In other words; the mortgage company can be forced to receive the new loan as payment one way or the other. Even if you remain confused or skeptical (whatever inspires curiosity) please know that anyone can now walk away from a mortgage and move out. If you have a new home loan (no interest), then you can buy a new construction and if builders and contractors are hurting for business then they will accept your new currency because they can pay taxes with that new currency or they will also demand that you exchange the new currency at The Fed so as to pay the contractors and the builders with Dollars (for now).
The reason why the first product (home and business mortgage loans with no interest charged) charges no interest is to gain market share quickly. This is no different than many current business models including business models like Skype, Paypal, Google, and E-bay. Private people are given services for free while business people pay for the more complex services. The free stuff works as ‘an offer you can’t refuse’ or ‘sells itself’ because is it something valuable at no cost. The free stuff gathers up most of the market share quickly and now the new business has a large clientele from which to begin making an income to cover costs of the new banking business.
Your question appears to ask; how can the new banking business make a “profit” (and therefore why will the new business want to start the new business) even though your own word choice didn’t ask that question – exactly.
I say: How does the new banking business cover costs?
I don’t ask: How does the new banking business rape its clients?
See the difference?
The first loan products are no interest loans and suppose the new banking competitor (competing against The Federal Reserve) gains 100 million new customers in the first month of business. What do you think will be the total cost of processing those loans if the people processing those loans expended the least amount of cost possible while producing the most accurate (error free) accounting? These people back up their systems and encrypt their systems against any fraud of any kind. These people expend costs on insurance against any loss of any kind. What do you think will be the total cost of doing business for these people as they process 100 million new loans in the first month of business?
These people do not hire people working in India, China, Africa, or any other foreign (outsourcing) so their costs of employing Americans are high. The home team will be paid a living wage. What is the cost of doing business and be as generous as you can imagine. How many employees are needed? How much hardware is needed?
Get a number. I won’t even offer my number yet.
Now consider the income producing possibilities as the new competitive banking business begins to sell the interest earning loans to those 100 million customers. Suppose that 10 million of those 100 million customers purchase new loans in that same first month of business. Suppose that the average loan amount is 100 thousand dollars. Some people borrow more to start a new business while other people borrow less to begin making electricity at home and to drive their new electric cars powered by their new electric power. Each of the new 10 million customers pay 1 percent for their privilege of using government issue (the people’s money) currency.
10 million
100 thousand
1 percent
Those numbers can begin to quantify the annual income of the new competitive banker.
10 million times 100 thousand times .01 is simple interest on each 100 thousand dollar loan for 10 million people.
Just add the zeros to make it simple.
10,000,000
100,000
That is 12 zeros. Now remove two zeros (times by .01).
That is 10 zeros.
10000000000
10,000,000,000
That is almost too much income to be believed. That is 10 billion dollars worth of income. That is a transfer of legal purchasing power from 10 million people paying .01 percent interest on 100 thousand dollar (liberty dollars) in one year to the new central banker and the new central banker now has 10 billion dollar to cover expenses.
What were your estimates concerning the expense or cost of running the banking business? Did you factor in a need for bribes to congress people?
I will end this reply and reply further if I read more of your reply and I then see a need to reply. I don’t want to ignore anything that you have written since you appear to have a genuine and honest interest in the principles involved in banking.
Some of this sounds pretty good. I like the idea of dumping the Fed and creating an honest currency. But where will government get the money to provide interest free loans? Or 1% interest loans?
I like electric cars too. The only limitation right now is their range but for a second car they would probably work well for most people. And the range might be improved over time.
Solar power certainly has the potential to provide most of our electricity if we can harness it for a reasonable cost. But as far as I can tell there isn't a cost effective system out there yet. Yeah if you can get an interest free loan, and get an installed system for $600-$900 per 100 watt including batteries you might get a payback in 15 years if you live in a sunny place. The collectors I've seen cost about $500 for a 100 watt panel alone. That doesn't include installation, wiring or batteries.
And in places like Michigan we can go for a week at a time without seeing the sun. So I'm a little dubious about solar right now. Although it could be the best way to go if you live in a sunny climate in a remote area where there are no power lines. It could be cheaper than paying the electric company to run power lines to your house.
Bobo,
This is occurring. Solar Panels have already been sold at prices where their output pays for the Solar Panel and then continues to produce for another 10 years.
An analogy is to hire human beings (illegal aliens perhaps) to crank a hand powered electric generator for 15 years. You pay these employees for 15 years. After 15 years these guys like you so much that they continue to work for you at no cost to you for another 10 years.
That ratio of cost/benefit (at those prices at that time) was calculated with installation costs from 6 to 9 dollars (Federal Reserve units) per watt produced (for 25 years guaranteed). What that means, in real terms, is one Panel cost you about 600 to 900 dollars and that panel puts out 100 watts (installed).
Now, I’ve just read, the cost per watt is reaching 1 dollar per watt. That does not necessarily mean that the price will be 1 dollar per watt, however the lower the cost of production and the higher the benefit or ‘value’ of the product will inspire more economic activity in this market. So long as competition remains in force, where producers are inspired to lower costs and increase quality, so as to edge out the competition for a larger market share, as is happening right now, the market will thrive and the consumers will dictate the move to lower costs and higher quality.
As I’ve said – it has been economically viable already and it is getting better. As more and more people generate their own power there will be more power. The greater the supply of power the lower will be the price on power; like any other commodity.
Compare power to air. How much does air cost? How much does sun-light cost?
What would happen if a monopoly cartel had the sunlight on a switch? They could turn the sun off and charge a higher price as sunlight became scarce. Sunlight is not on a switch controlled by a monopoly cartel. The sun is like an oil well or a gold mine in the sky just waiting for the new gold rush or the new oil age. We are becoming sunlight miners. This is the new age. It is here.
Electric cars are here too. The costs per mile are lower than the costs per mile of the best gasoline cars and that is when the consumer pays the electric company for electricity. Why not eliminate the middle man since you can? Your neighbors are doing this now. This is the beginning of the new age.
Perhaps you do not have children. Perhaps you are pre-judging the next generation based upon your current and past experience. Perhaps your viewpoint is a dark one. I wonder why? I wonder how?
This new age is taking off around us. The revolution will not be televised on some channels.
Turn the channel.
This might occur about a week after all the TV sets are destroyed by an act of God. No
other key event would have such power in the face of an electronically braindeadened,
psychologically disempowered nation.