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| Joined: | Mon Nov 21st, 2005 |
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When this time arrives, US interest rates will have to rise in order for the government to be able to continue to rely on foreigners to recycle the dollars acquired in trade to finance the US government’s annual budget deficit.
The U.S. can offer two new financial products to anyone in the world.
Product one is a no interest mortgage loan on property for people with a proven ability to pay back their loans.
That would immediately relieve all the new customers (the people who recycled their 6% and higher mortgage loans for 0 % interest loans) of their interest payments to the new U.S. Bank (one that is not an organized legal extortion racket).
All those new customers could then be offered a 1 % interest loan from the new U.S. Bank and this revenue generating loan is meant to finance power generating devices like solar panel manufacturing, solar panel sales, solar panel installations, solar panel maintenance, solar panel purchases, wind generator manufacturing, wind generator sales, wing generator installations, wind generator maintenance, wind generator purchases, wave generator manufacturing, wave generator sales, wave generator installations, wave generator maintenance, wave generator purchases, electric car manufacturing, electric car sales, electric car taxi services, electric car maintenance, electric car purchases, vertical green house farm unit manufacturing, vertical green house farm unit sales, vertical green house farm unit maintenance, vertical green house farm unit purchases, and other such productive and powerful business loans.
Use your own brain for a minute, please.
The new U.S. Bank could employ precious metals as the medium of exchange or paper certificates as the medium of exchange or even digitally encrypted accounts such as those already employed by PayPal, E-bay, and modern credit card companies. The new U.S. Bank could compete against the failing Federal Reserve Corporation, rather than bail them out again and again and again with the power earned by the people through taxes.
Who would not turn in their Federal Reserve money (monopoly money) for new and secure money offered by the new U.S. Bank when you can get rid of your 6% home mortgage loan in exchange (recycled) for a 0% interest loan.
If you do that, because you can, you now have more money each month or you pay off your mortgage in less than half the time it would take with a high interest loan.
Please re-read the quote I just took out of the latest NEWS from The Dooms Day Parade:
When this time arrives, US interest rates will have to rise in order for the government to be able to continue to rely on foreigners to recycle the dollars acquired in trade to finance the US government’s annual budget deficit.
That is the same old tired extortion racket solution to the problem created by the same old tired extortion racket, where The Federal Reserve Corporation makes a killing off their money laundering counterfeit business and then The People bail them out, again, and again, and again, and again through taxes.
The People create the power that backs the money. The People can cut out the middle man and make their own currency, just like The People did way back in our colonial history.
We can afford to charge 0% interest on home and business property loans because The People who can pay back those loans will have more money to spend on things like solar panels, solar panel manufacturing businesses, solar panel sales businesses, solar panel installation businesses, solar panel maintenance businesses, solar panel electric production and sales of electricity businesses, electric car manufacturing businesses, electric car parts manufacturing businesses, and electric car taxi service businesses.
We can afford to charge 0% interest on home and business property loans because We The People can transfuse our social body with good blood, honest currency, at low interest rates, while the old and dishonest currency fades away.
We can cover all our own costs in this competitive currency business venture by charging 1 % interest to anyone who wants to employ our new money for the purchase or the production of powerful products like solar panels, wind generators, wave generators, electric cars, food producing green houses, algae fuel producing green houses, and any other product that produces more power compared to the power-less products that currently occupy much of the market share.
Do the numbers quickly and easily.
Suppose that half the population of America turned in their old dollar loans at 6 % and they now have no interest payments.
Suppose that number was even less than half because many people have bad credit and therefore many people would have to pay for their own bad credit by paying a higher interest rate to any bank that could cover a high risk; suppose the number of Americans not paying interest after the first new money loan issue is one hundred million people.
100,000,000
That is a one and eight zeros.
If all of those one hundred million people no longer paid 100 dollars per month in interest payments (their monthly mortgage payment goes from 1100 dollars per month down to 1000 dollars per month), then every month those one hundred million people would have 100 dollars more to survive on per month.
One hundred million people with one hundred dollars more per month looks like this:
10,000,000,000 per month more to use for survival
That is 10 billion dollars per month more money to use for survival because the interest rate on home and business property is eliminated to those people who have maintained good credit.
Those same people can now afford 100 dollars worth per month more on a new loan to place solar panels on their homes and two electric cars. That purchase eliminates the electric bill and the petroleum (gasoline) fuel bill.
If each new money loan customer had to pay 100 dollars per month in electricity and 300 dollars per month in gasoline, then each person has 100 (savings from the mortgage interest), 100 (savings from the electric bill), 300 (savings from the gasoline bill), and 500 total per month to survive on.
How much is the new solar panel and electric car loan per month at 1% interest?
http://www.bretwhissel.net/amortization/amortize.html
http://www.bretwhissel.net/cgi-bin/amortize
I get 321.64 per month for a 100,000 dollar loan which is a 30 year loan.
If a person can get a Solar Panel installation and one electric car for 100,000 dollars (new money), then that person can save the rest of the money saved by eliminating the electric bill and the gasoline bill.
The idea is not to spend the new money on poor investments so someone having the first loan may not hock the rest of their lives for solar panels and electric cars. Some people may just take the no interest loan, save 100 dollars a month in interest, pay off their house earlier, and take out a one percent interest loan to start a new business.
The point of showing the 100,000 dollar loan is to point to the method by which The People’s new bank generates revenue.
If only 10 percent of the 100 million people who take out new 0% interest loans also take out 100,000 new money dollars of The People’s money at 1% interest the flow of interest payments to the new bank would look like this:
321.64 x 10,000,000 = 3,216,400,000
3 billion 2 hundred million goes to the new bank every month.
People, the enormity of the crimes committed by the legal criminals with their banking extortion racket is unfathomable unless the falsehood is tripped away and the naked crime is staring you in the face.
If those people who supposedly represent you, the wage earner, the honest and productive human being, the law abiding tax payer, and the person who has maintained good credit because you produce power daily, each new day, over and over again, if that supposed representative of you cannot regain control of our money, then that person is as worthless as poison injected into your blood stream.
The problem is falsehood. The solution is found in the mirror. It is the currency, stupid.
Last edited on Tue Sep 16th, 2008 05:07 pm by Joe Kelley