QUESTIONS & ANSWERS1) Why should we put together this "One Bank"?There are thousands of different banks and savings and loans throughout the U.S. -- and they are all basically tied into being just "one system" already! The consumer foots the bill for all of these banks with their multiple branches and expensive computer systems -- WE PAY FOR THEM -- so what would be "less expensive"? 18,000 banks or 12,000 banks? . . . 8,000 banks or 3,000 banks? . . . or 500 banks . . .? Obviously, we will end up considering having only ONE bank!2) Why would this "One Bank" not need to foreclose on people?I worked in a bank for 5 years -- and there is ONLY ONE REASON why banks "foreclose" on people -- they foreclose if you cannot meet your monthly payments! The one and only thing that banks and savings and loans are concerned with is GETTING THEIR MONEY BACK -- and if you fail in paying back their money, they will FORECLOSE on you! So here's the Big Question: Would a bank that ALREADY HAS ALL THE MONEY ever need to foreclose on you to "get their money back"?****NO!**** IT ALREADY HAS ALL THE MONEY!!!3) What happens in the present banking system when a bank makes a mortgage loan?After a mortgage loan is made, our current banks just sit there "waiting" for their money to come back, and this can take as long as 20-30 years -- and every one of our banking institutions desperately "needs that money back." When they make an $80,000 loan to someone to buy a house, the buyer takes that money and pays it to the seller, and the seller PUTS IT INTO THEIR BANK, and that bank now pretends that THEY "have that money" -- and this bank only has to keep "10% of that money" on hand, and they can loan out $72,000 to ANOTHER customer -- and on and on the money goes from bank to bank to bank, over and over and over again... and again... and again...4) Geometric progressions of money!
U.S. NEWS and WORLD REPORT did an extensive 28-page article about the "ABCs of Today's Economy" in their April 26, 1982 issue -- and on pages 48-49 they showed how money is geometrically increased within our banking system. If the Federal Reserve System wants to expand the money supply by $100 million they purchase $10 million in U.S. Treasury bills from a securities dealer -- the dealer deposits the Fed's check into Bank A and $10 million is added to the money supply. Bank A keeps 10% and loans out 90%, thus adding another $9 million to the money supply. Bank B does the same thing, loaning out $8.1 million -- Bank C will also loan out the 90% of the deposit, etc., etc.! It happens again and again, and again, thus $100 million is put into circulation! (If you want to see this chart that was in this issue, I can e-mail as 3 attachments upon request.)5) Didn't they just create money out of thin air?YES, THAT IS EXACTLY WHAT THEY DID! We can easily say that 90% of all the money in circulation is money that has been created right out of THIN AIR by our banks!!! Under today's system, this can be extremely dangerous -- but I am going to show you how it can be done in a "painless" and beneficial way.6) There are 2 forms of INFLATION -- are both "bad"?The 1st form of INFLATION is when the amount of money in circulation is increased -- and this usually leads to the 2nd form of INFLATION, the raising of the prices on goods and services. This has been why the Fed has to be very careful about putting more money into circulation -- because people will raise their prices, and our money can become "worthless"!7) Is there a way to "inflate" the amount of money in circulation without people "inflating" their prices?YES, there is -- by letting people know that the "One Bank" would NEVER FORECLOSE on them no matter what their monthly income is!! Would people need to raise their prices if "it didn't matter" how much they paid back to the One Bank each month for their mortgage payment? The pressure would be off -- people could relax! There would be NO NEED to constantly "raise" one's prices on goods and services! (I would assume to actually see prices LOWERED if and when the One Bank would be up and running! A "dollar" could once again become something that is really worth a "dollar"!)********
NOTE: The Number "Zero" -- Have you ever thought about numbers, the number "zero" in particular? The earliest known written sample of the number zero dates back to 870 AD (it was created by a mathematician in India), and during those early days the "zero" was thought to be a strange and mysterious thing! Some people even thought it was "of the devil"!30000000 00000003If you take a number and put a zero behind it, you increase the value of that number ten-fold -- but if you put that same zero in FRONT of that number, it does nothing! And this upset a lot of people back then.We are descended from people who could barely bring themselves to understand and accept the use of the "zero"! Face it,mankind was pretty IGNORANT back then -- but is it any different now?? People always price things at "$19.95"or "$49.95"and hope we won't notice that the REAL cost is $20 and $50! DUH! Merchants count on "fooling" us with their prices on things because they know that the human mind has problems dealing with NUMBERS, and that has been the very problem that "inflation" has caused -- economists hate dealing with that pesky "zero" being added and added onto numbers and "inflating" the amount of money in circulation! But with only One Bank around, WE CAN CONTROL THOSE ZEROS AND USE THEM IN A WAY THAT THEY WILL NOT DO ANY DAMAGE!! On the computer discs of the benign One Bank system.************
8) What would come of the mortgage money that is repaid back to the "One Bank"?THAT MONEY WOULD BE *DE-INFLATED* RIGHT BACK OUT OF EXISTENCE, right back to where it originally came from! It was created "out of thin air" so that it could geometrically increase to provide someone with a house loan, right? We let money "inflate" when needed, and then let it "DE-INFLATE" out of existence when it's paid back to the One Bank! Would it matter to the One Bank? No -- because no matter how "big" or "small"the numbers are on its computers, IT WON'T MATTER! This One Bank will ALWAYS have "all the money," no matter what those numbers are! And for the first time in human history people will no longer be afraid of "inflation," either form of it.9) So what would your monthly mortgage payment be?It would depend upon what you earned -- I assume it would be a fixed percentage of a person's income, say perhaps 25%. If you made a lot, you'd pay a lot -- if you only made a little, you would only pay a little. Why would this be a problem with the One Bank? Does it really need your money back? Remember, IT ALREADY *HAS* ALL THE MONEY!10) Would the "One Bank" help ease the pressures of the rat race?There is no doubt about it -- if people wanted to reduce their work hours, they could do it! If people wanted or needed to take time off to attend school, they could do it! Why would the One Bank not let people do this? Is the One Bank worried about not getting its money back from you? IT ALREADY *HAS* ALL THE MONEY!! People could SLOW DOWN -- and live their lives at a much better pace.11) Would everybody be able to stop working?Obviously not -- people have a tendency to be really "lazy," but this system is NOT going to be set up just so everybody can "avoid" doing their jobs and facing their responsibilities. I would assume that the work week would be somewhere between 20-30 hours a week, and I would think that in most cases that would be mandatory. There is NO WAY we would let society permanently stop working and "grind to a halt" -- dirty jobs will still have to be done, and we can all discuss a way for this unfortunate fact of life to be arranged.12) Who gets a mortgage loan?EVERYONE can get a loan for a home! EVERYONE! Why won't our current banks make a loan to a "poor person"? Because they won't get their money back! But when a home loan is made to a poor person in the One Bank system, that money IMMEDIATELY returns to the One Bank when the builder or seller is paid!! No longer do we have a banking system that is afraid that they will not get their money back, so home loans can be made to ANYONE no matter their income!We could immediately fund and begin building MILLIONS of new homes as soon as the One Bank System is put in place!!!13) Is it "fair" to give unemployed people a loan for a home?The poor people on this planet have suffered enough -- this is the 21st century and it is time to end this system of dumping on the poor! IT'S GONE ON FOR THOUSANDS OF YEARS, AND THAT'S LONG ENOUGH!!! The One Bank would have no trouble making home loans to poor people, and we could even start building houses out of compacted dirt or concret like Thomas Edison first designed back in the early 1900s -- there's NO NEED to cut down every tree in sight just to build more homes! Is this "giving free money" to people who won't work? NO!! The "money" will get paid to THE PEOPLE WHO BUILD THE HOUSES -- not to the people who live in them! People who WORK will be people who GET PAID FOR THEIR LABORS!14) What about the poor person's "balance due"?Look at the bank balances of all of the people who already "own" their own homes! ALL OF THESE PEOPLE HAVE *HUGE* NEGATIVE BALANCES! If you have only been paying on your house for a few years, you have a GIANT NEGATIVE BALANCE at your bank -- so why not let a poor person also have "a giant negative balance"? Remember, the One Bank already HAS all the money -- why would it care how fast you or that poor person pays off his mortgage loan?15) Who really "owns" your home?BANKS really own all the homes around this country, unless you are fortunate enough to have actually paid off your house -- now, would you prefer to have your home "owned" by a single bank that would never need to foreclose on you, or would you prefer to have your home owned by a bank that CAN foreclose on you?Here's what our neighborhoods look like now, every single home owner has a huge negative debt:
... and here's what that neighborhood will look like after the One Bank is established:
... IT WILL BE EXACTLY THE SAME!!! ALL THE HOMES WILL STILL HAVE GIANT NEGATIVE DEBTS, BUT THE ONE BANK WILL NOT BE CONCERNED ABOUT HOW LONG IT TAKES TO REPAY THOSE DEBTS!!16) Has mankind's "money" system been evolving?"Money" started out by being gold or jewels or coins with emperor's egos stamped on them -- then "paper money" was made, and people thought it was valuable because it was backed by gold or silver, but all that ended in 1971 when the U.S. went off the gold standard! Now money is NUMBERS ON COMPUTER -- completely intangible numbers on all of these "666" COMPUTERS (see this 666 equation elsewhere on this webpage)! Yes, "money" has been evolving over the years -- and if we let it evolve just ONE MORE STEP it will have reached its final goal! "Money" can finally get off the back of mankind, and merely be a tool for measuring people's individual productivity within society. I find it rather amusing -- the "solution" for our banking system has been printed right there on our money all along... "E pluribus unum": OUT OF MANY, *ONE*!17) How do we deal with the "duality" of the money in our banks?Banks have always loaned out that 90% of their deposits, and by doing so they have created 90% of the money in circulation out of thin air -- and when they did this, they established large negative balances on their computer registers. So how does "money" exist within our banks? It is there as BOTH positive balances (the money in our checking and savings accounts that we can SPEND) and it is there as GIANT NEGATIVE BALANCES that are on the books for years and years and years! So which balance is the "right" balance? The positive or the negative balance? THEY BOTH EXIST! Therefore we need to get used to the idea that "giant negative balances" in the One Bank is a natural and NORMAL thing! It's just that everybody would now get a chance to have their own "giant negative balance" in the One Bank system, because this is a bank that provide a mortage loan to every single human being in America! And it's a bank that will never foreclose because it always *HAS* all the money!18) What if today's bankers don't want us to set up the "One Bank"?Most people think that big banks are all-powerful institutions, and there's no way that "we the people" could ever tell them what to do. Well, here's how "powerful" all those banks are: If you want your money out of those banks and put into a better bank, ALL YOU HAVE TO DO IS GO INTO THEIR BANKS AND "ASK" FOR YOUR MONEY! That's not a very"powerful" bank, in my opinion! Now, I in no way want to endorse doing "runs" on existing banks, but I want all the bankers on this planet to understand that if the people of the U.S. want a "One Bank" that would never foreclose on them, then today's banks are going to have to LET US HAVE THAT One Bank!19) How would we switch over to this "One Bank"?First we would test the system in a few areas of the country, then, if it works, we would convert the thousands of existing banks into the "One Bank" system and close down the branches that are not needed. Guess who really "owns" all those thousands of existing banks? WE DO! THE AMERICAN PUBLIC! All those buildings and all those computer systems WERE BOUGHT WITH **OUR** DEPOSITS, OUR MONEY, THE MONEY WE GAVE THOSE BANKS! OUR MONEY, NOT THEIRS! Yes, it would be a "big job," but if you want the system fixed, YOU HAVE TO FIX THE WHOLE THING -- and that will entail merging everything into a single system, just a bit more so than it already is -- is this "too big a job"? It's going to take some work to fix the "entire" banking system -- so we either DO IT, or we don't. All the accounts that currently exist in all of our nation's banks would continue to exist right where they currently are, but linked to a One Bank system. The interest rates on all of these loans would be readjusted down to a more reasonable level -- the One Bank will NOT be a "for profit" business, it will ONLY charge what it needs to pay its workers to make sure the system keeps running.20) Can a man in a financially depressed area get a loan from the "One Bank"?Of course he could! With electronic banking we no longer need to worry about just making "regional" loans -- no longer will out-of-the-way areas be financially depressed areas! And this "One Bank" will NEVER say that they "cannot find" the money to make you a loan -- but we will have to decide exactly what these loans will be given for, and I assume it will mainly be housing. If people want to buy a car or a stereo, then they GO TO WORK TO EARN IT. We can heal our poorer neighborhoods! We could fix up all the houses that are on "the other side of the tracks"! POVERTY WILL COME TO AN END! After floods or hurricanes hit and destroy people's homes, the One Bank would have NO PROBLEMS issuing new mortgage loans to those people like for the folks who got hit my Hurricane Katrina!21) Would the "One Bank" be a monopoly?NO ONE WILL OWN THE "ONE BANK" -- no private individuals will have private access to this bank's money! Again, we already technically have a "one bank" system -- all of our existing banks are interlinked into what is really just "one system" -- (it's been widely known that if one or two of our "big banks" crashed, the ripple effect would also bring down hundreds of other smaller banks!) -- so I am absolutely sure that there is a way to put together this "One Bank" so that it can be a totally BENIGN "monopoly" and nothing to fear, and it would be a bank that would NEVER "crash"!22) What about Bankruptcy?With the One Bank system NOBODY would need to file for bankruptcy! Why? Because their house loan is with a bank that is not concerned with how fast their mortgage loan is repaid! Therefore, no one will ever need to file for bankruptcy.23) It's "Money vs. People"!Which is more important? Money or people? For centuries people have been evicted from their homes and their land just because some banker "held the note on their property" and those families had financial problems -- AND IT'S TIME FOR THIS TO STOP!! People need to understand that it IS possible to have a completely BENIGN banking system in this country, one that is not constantly perched over our heads like some kind of demonic vulture waiting to spring upon us as soon as our funds "come up short"! I'M REALLY TIRED OF IT, and I know that millions of other people in this country are ALSO good and tired of it. Families can't spend quality time with their children because they are too busy running the rat race -- and the poor are set up to STAY POOR, except for the rare few who manage to overcome their end-end living conditions -- THIS IS A CRIME -- AND IT DOES *NOT* HAVE TO STAY THIS WAY!24) Paying Our TaxesPaying our taxes could be simplified by it being just a "flat tax" for everyone, just a certain percentage of each person's income -- and maybe it could even be paid on a monthly basis -- but it would be a totally PAINLESS process, because everyone would be dealing with a bank that never forecloses no matter what their income is! And these taxes would go to the things that taxes already go to (and not to some things they currently go to, because that would now be unnecessary!...) Here's a new category that we might consider adding...25) Payment for Housewives!?!?!YES! We could set up a fund that would be for paying housewives for working at home! After all, it *IS* work! Whoa, now that's a great idea...26) Health Care & Medical Costs...How can we deal with the astronomically high doctor/hospital bills and drug costs, etc.? First, we need to understand that sometimes it costs what it costs to do the right thing and HEAL people, and we shouldn't worry about how many negative numbers are pulled out of thin air on the One Bank's System to take care of the sick and elderly!! And the same applies to those students who have to finance 8+ years of medical school to learn to become a doctor or a surgeon -- what's so bad about letting "negative numbers" remain on the One Bank's System? Negative numbers are going to be there FOREVER on the One Bank System no matter what people do or how fast they pay back their loans. Here's how the new Health Care System would work: The One Bank that "has all the money" pays everyone's medical bills -- and then 2 sources of repayments are set up: 1) The people who received the hospital's services pay as they can afford it, and 2) Society begins paying towards ALL of the hospital's balances due (via being taxed), but we must remember that all these medical bills are just another "negative number" on the One Bank's records, and this One Bank is set up to deal with long-term negative numbers without any problems -- so IT WILL NOT MATTER how long it takes to pay off a medical bill! But NO ONE loses their home in this process!! NO ONE! No Death Panels!No cutting off critical care!************************ 27) Do we want to build a wall on the US/Mexico border?This would work easier if the whole nation was using the One Bank system, so we must understand how to do it using the "test" One Bank system -- remember, the principle is to mimic the functioning of our existing banks, so the money is to be created "out of thin air" the same way we finance our homes, and the end goal is to be able to eventually "de-inflate" this money back out of existence after the wall is built. So we set up a One Bank branch in the area of the wall, and the bank makes the necessary loans to buy the materials and hire the workers -- all those people must have an account within that same bank, so the money immediately is redeposited back into the same bank to begin with, then we study the impact of this money going out into the regular system of banks. "ONES"If needed, we could keep track of this One Bank money by calling it "Ones" (an example is if I receive a payment for work of $850 from the One Bank, it could be notated as "$850 Ones" within the system or in regular banks that receive the money). The One Bank dollars will still be worth the same value as pre-existing dollars (which, I remind you, have been created by pulling 90% of them out of thin air!) -- so there is no reason to be worried about the One Bank money, it's really just as real as the money that's already in your bank! "Money" exists for us to get things done -- SO LET'S SET UP A FINANCIAL SYSTEM THAT LETS US GET THINGS DONE! ********************************The Space Program
What about financing NASA's space program?Frankly, as far as I care, we should inflate as much money as is needed for certain things like the space program -- and I don't really care how it affects "inflation" or "the price of gold," etc.!!! CERTAIN THINGS IN THIS WORLD NEED TO BE DONE!!* * *World News April 30, 2010: "European and German officials assured markets they were working quickly on approving a bailout for Greece as they try to keep the country's debt crisis from dragging others into a continent-wide financial meltdown..." Can this One Bank solution can be expanded to include the nations in Europe, and maybe even the entire world? If it can work for one country, the United States, it should be able to be expanded to work for the other debt-ridden nations of the world -- if these nations can learn to "cooperate" and concentrate on working it out! Yeah, like there's a chance of that ever happening.... Continued in PART 3....
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