The Banking Solution

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Part 5

"Capitalism/Crapitalism"

Many years ago I found this poster of a 2-STORY OUTHOUSE, and it illustrates the situation very aptly -- the RICH are on top, and the POOR are on the bottom....

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If societies set up economic systems that allow the affluent few to constantly "dump" on the people who are poor and less affluent, then you are raising up societies that will have lots of people who want to destroy what the rich possess -- and that is one of the reasons why the WORLD TRADE CENTER buildings were destroyed. Yes, the main reason is radical Islamic hatred of America, but they are also angry about the Free World's approach to the way that "capitalism/crapitalism" is becoming the controlling economic condition on our planet! They say we want to dominate their countries for their oil -- this would NOT be the case if we had an economic system that let use easily switch over to solar power, etc.!!

And now it's 2010

The New York Stock Exchange and Wall Street have not been "behaving" themselves the past several years -- I think it's pretty obvious that we need to do something to permanently correct this faulty system...

1) The New Stock Exchange -- If people want to invest their money in the Stock Exchange, they can. If that company makes a profit, they get the money due them. If the stock does not make money, they lose their money -- but they still have a bank that will NEVER FORECLOSE on them, so the pressure of having to always make a profit vanishes! Hey, we might actually be able to invest in really BENEFICIAL THINGS like solar power, etc., the things that are now seen as being "too costly" to pursue!

2) Bank Stocks -- People own stock in various banks, and banks are set up to earn a profit for their are holders, but this will not be necessary if there is only One Bank. The money that people have invested as shares will immediately be added to their bank account.

3) Banks as "For Profit" Institutions -- The One Bank will not be a "for profit" bank. It HAS all the money, and people will either earn their income and have it credited as positive numbers in their accounts, or they can invest their money in companies via "New and Improved" Stock Exchange.

4) Interest -- The One Bank will no longer have to compete for deposits, so it will no longer have to pay out interest on savings deposits and CDs, etc.,which lessens the bank's need to "make a profit" on its investments. Again, the pressure is eased off the system, which is the main benefit here in this entire One Bank system!

5) Schools -- Another benefit not previously listed is that people could now take "time off" from work to be able to attend school -- "illiteracy" has always been a major problem for societies to deal with, and the fact of the matter is that "poor people" cannot afford to get themselves an education. I don't know about you, but I am sick and tired of this vicious circle of people being "poor and uneducated" just going on and on -- PEOPLE NEED TO BE ABLE TO GET AN EDUCATION!!! And if this One Bank system was set up, those people would finally be able to GET an education! How? Because they could take the time go to school and NOT HAVE TO WORRY ABOUT GETTING KICKED OUT OF THEIR HOMES!

6) "Renters" -- While I'm at it, I might as well also tell you what would happen to people who "rent" homes or apartments --our current system has been very unfair to the renter -- renters end up paying for a house that SOMEBODY ELSE GETS TO OWN! And this needs to stop. In the new system all renters will be accredited his or her portion of their financial investment of that house or apartment building on the One Bank's computer system -- apartments and some houses will now have "multiple owners," depending on who has paid how much into the house or apartment. Is this a fair thing to do? Remember, nearly all the homes and buildings in the world are ALL READY "owned by the bank"! Do home owners really "own"their houses? NOT IF THEY HAVEN'T FULLY PAID OFF THE BANK! YOUR BANK REALLY "OWNS YOUR HOUSE"! In the One Bank system this situation would still be true, the One Bank would own EVERYTHING -- but so what? The "home owners"who lay claim to those buildings will have the control and say-so of what happens to their buildings, just like they do now -- but all those home owners and "ex-renters" will be facing a bank that will NEVER FORECLOSE on any of them!

The whole idea here is to finally

make the system "fair" to everyone!

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Here's a good phrase to keep in mind:

"If money still talks,

it should be apologizing..."

The money system of the world has been "evolving" throughout the centuries -- and the entire economic system of this country, and maybe the entire world, can be PERFECTED if we will alow "money" to take this one last evolutionary step and let all these "numbers on computer discs" function benignly on the One Bank's system. This inequality of the rich ruling economically over the poor has to stop, and stop soon, or we will see an endless escalation of hostilities enacted by the "have nots" in our society!

I really don't look forward to all the "arguments" that this idea can generate from world's economists, but I still hope that we can hold a nationwide discussion about the merits of this One Bank idea.

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"Why this solution now?" -- the Religious Ramifications

Not everybody believes in the Bible, so I would never "force" my beliefs upon anyone else -- but the Bible talks about "money" and the Bible talks about how there will be a day when houses will no longer be built by people where others will inhabit them:

"For behold, I create new heavens and a new earth . . . and they shall build houses, and inhabit them; and they shall plant vineyards, and eat the fruit of them. They shall not build, and another inhabit, they shall not plant and another eat . . . " Isaiah 65:17, 21-22

This refers to a time at the End of the Millennium when God will make a "new earth" for the redeemed to inhabit, those who have received eternal life -- it is saying that people will only build their OWN homes, not homes for others to live in --THIS IS GOING TO HAPPEN, but it is far off in the future! God has told us that it will happen, and God is always truthful --so WHY was I given this banking solution in late 1981? I think that one of the reasons I was given this banking solution was so that the people of this world could see that God really CAN "solve all our problems," INCLUDING this world's present economic system! God is offering this to us, and we can either accept it and try to make it work, or we can "reject" it and be left to follow our current path into more and more economic tension and frustration on a global level.

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"A Beautiful Mind" -- the movie and the book

UPDATE 1-8-2002: This week my wife and I went to see the new movie about John Nash, and I found it very interesting. First of all, I felt the movie was very poorly named, because while this man may have what some would call a "brilliant" mind, it was an extremely sick mind -- and there is no way I would want that "beautiful mind" inside MY head!

John Nash was awarded his Nobel Prize in Economics in December 1994 -- right when I was 6 months into managing Ron Wyatt's 1st museum in Gatlinburg. I probably heard it announced in the news at the time.

Many years ago back when I was first developing my banking solution, I knew that, if it was ever instituted, it would be deserving of winning a Nobel Prize. After all, I think that would be totally reasonable and a fair assessment if some person ever came up with a far-reaching solution to our economic system! But unfortunately with the way "the world" works, creative and brilliant people often get to spend many years floating around in complete obscurity while they wait for their ideas to get noticed!

The biography of John Nash made the point that a great many scientists and philosophers have had "strange and solitary personalities" -- and I can relate to one aspect of John Nash's approach to coming up with his Nobel Prize winning theory:

He joined no school and did his creative work without guides or followers!

The same way I came up with MY banking theory!

If and when my banking project is ever widely discussed, I know that one of the criticisms I will face is that I never took a single economics class at any university -- I was never "indoctrinated" into being taught how things "have to work" in the economics field -- BUT THIS WAS A BLESSING BECAUSE IT ENABLED ME TO "THINK OUTSIDE THE LINES" AND TO LET MY MIND GO IN A DIRECTION THAT SCHOOLING WOULD HAVE PROBABLY PREVENTED ME FROM GOING!

When John Nash was 21 and wrote his award winning theory about "games" by coming up with an idea that was TOTALLY OUT OF THE NORM -- and that is what I too have done, I was 31 when my "bright idea" about solving the economic system popped into my mind.

And here it is, over 25 years since I came up with my ideas -- and I'm still waiting to see if anyone will pay attention to what I've done.

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A Short Note about my Father

My father was an accountant who became the Finance Director of a major California city and the president of the statewide organization of finance directors -- (he retired in 1985) --and my Dad told me an interesting story that happened to him in one of his economics/business classes at college:

The professor put forth a scenario and asked the class for their opinions -- the entire class voted for one conclusion, and my Dad and only my Dad disagreed with them and stood his ground against "the popular opinion"-- and the professor told the class that my Dad was RIGHT!