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Thread: UBUNTU Model for Prosperity

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    Quote Originally Posted by doug555 View Post
    OK, but it is controlled by banks.
    ...when effectively abandoned to the banks by people. The point is to alluded to the responsibility and potential of the people rather than passing the responsibility, credit and power to banks or legal entities. Could it be that the more you say someone else to be responsible the more power you are giving them and the less power you are claiming yourself to have?

    Quote Originally Posted by David Merrill View Post
    If it were not for banks, people might typically have the capital on hand to lend to their neighbor
    Agreed. But to make it all work it might take a diligent people who are more interested in safekeeping their inheritance and estate than in football games, hookers and TV shows.

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    Act like a stranger? Do strange things? Get treated like a stranger? Get taxed like a stranger?

    Quote Originally Posted by David Merrill View Post
    It is interesting how this has been on my mind the last day or so. The Fed is supposed to be regulating the value of money so that there is enough in circulation so that we can conduct honest business easily. It does so primarily through Prime Rate/Reserve Percent regulation. The Fed eases or stifles banks borrowing, or stipulates how much cash on hand the bank must have percent to outstanding loans, then guarantees the remainder with FDIC insurance. As the dollar gets to pennies in value though, we find that the Fed has been favoring profits to the bankers in the business plan. In other words, a man should be paying about $25 for a good-fitting business suit that is going for more than $600 today...
    When its understood that the banks are really revenue/tax operations committed to maximizing revenue for the United States...it makes sense. When it came to Haiti after the revolution, it was elucidated that the banks formed there were for tax collection. How? Events which generate interest (or capital gains) trigger taxable events (the higher the interest rate, the more potential revenue).



    ....Jesus prevented him, saying, What thinkest thou, Simon? of whom do the kings of the earth take custom or tribute? of their own children, or of strangers? Peter saith unto him, Of strangers. Jesus saith unto him, Then are the children free.(Matt. 17: 25,26)

    Quote Originally Posted by David Merrill View Post
    I have a fond memory way back...
    If only I knew back then half of what I know now....
    Last edited by allodial; 01-01-15 at 10:54 PM.
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    "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
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