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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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A. Free Banking
There is no B.
So...what happens when A is 'outlawed' anyway? What happens when the unthinkable happens?
What happens when the worst human garbage is elected to positions of power where these criminals fraud and force everyone else?'
Torture
Murder
Mass Torture
Mass Murder
Etc.
What was A again?
A. Free Banking.
Imagine a new 'start-up' or two. First know what a 'start-up' is: A new business venture where a few people start up a new business venture.
Example:
Apple
Microsoft
Ebay
Paypal
E-Gold
Those are 'start-ups'.
Imagine a few more.
A. An insurance company
B. An investment company
Now jump ahead 10 years.
The insurance company 'start-up' blew up and almost everyone is familiar with the new insurance company as the new insurance company is now merging with the new investment company (it blew up too) as both companies become one.
This is what happened:
The insurance and investment companies began to offer a return on investment based upon the purchase of gold and the production of Solar Panels and Electric Cars.
People began to convert their 401K and retirement accounts (stock, bonds, securities, etc.) into new gold backed insurance policies and gold backed investment portfolios.
In fact, a RUN on these products occurred, and this RUN mirrored both the INJECTION Of new dollars by the Federal reserve and the RUN on the Stock Market in reverse.
The investment run was inversely proportional to the BANK run.
This may be difficult to understand.
Take your average Joe. He has a few thousand in a 401K plan. He rolls it over into an E-Gold account and then purchases an insurance policy where the benefit is paid out in current prices if Gold depreciates.
Call it a hedge hedge fund insurance policy. There is no penalty for early withdrawal at all. The customer buys a policy worth the amount of his purchase at the time of his purchase. If gold goes up in price his policy can be redeemed at the new price. If gold goes down in price his policy can be redeemed at the old price.
People can't believe the deal even exists. It is a pyramid scheme. People don't care if it is a pyramid scheme; they buy into the scheme anyway. It 'looks' like a 'win/win' situation.
401K cash moves from Dollars to E-Gold. More and more PEOPLE won Gold and of course the price of Gold goes up in proportion to the fall of the dollar.
Early investors buy cheap. Late investors don't buy as cheap. No one even thinks about tomorrow when Gold hits the roof and will start a downward slide - they have insurance.
Get it?
Next up:
Investment
The pot of gold BANKED by the new insurance START-UP grew to immense proportions and someone had the bright idea to use that store of value to create more value instead of letting that value collect dust.
An option was offered to borrow from the insurance policy to transfer the E-Gold momentarily to Solar Panel Production and Electric Car Production and then have the funds returned after the sale of Solar Panels and Electric Cars.
It was a wild scheme. It caught on.
The average Joe invested AFTER turning his dollar denominated retirement funds into E-Gold Insurance. Joe called up and typed through all the required hoops to get his wealth liquidated into non-interest bearing GOLD. Joe bought gold and bought into the insurance scheme and then Joe found the new INVESTMENT START UP BUSINESS.
The Investment Start up business offered a temporary use of the insurance account for Joe if Joe was willing to set things in motion.
Joe has to say OK let's do it.
Joe has to call people and get things rolling.
Joe's new insurance policy wires the funds to the Investment Start UP business after gaining all the required checks and forms filled out promising to pay the insurance policy back ASAP.
The investment Start UP business uses Joe's house to turn Sunlight into electricity and the investment Start UP business also uses Joe to consume the new electricity as Joe now has a new Electric Car provided by the Start UP business. Joe, under contract, has to pay back the START UP at a rate that is half his old electric bill and half his old gasoline bill - price.
In other words; Joe was paying on average 100 dollars a month in Electric consumption and Joe was payin on average 100 dollars a month in gasoline (Joe didn't drive much).
Joe now pays the new investment Start UP 100 dollars a month until Joe pays off the money he borrowed from himself.
How do the New Start-Ups make any money?
Do you know how insurance works?
Do you know how investment banking works?
I can assure you that someone does. It is in your best interest to know these things and it is in not necessarily in the best interest of the current bankers for you to know anything more than debt.
If you are intimately familiar with the concept of debt, then, why wonder anymore?
You are a slave to your own falsehood.