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Safety Society System
Posted: January 27th, 2015, 4:03 am
by davedan
The current economic system with its quadrillions in derivatives and trillions in debt is coming to an end. If we don't suggest an equitable replacement economic sytem then our enemy will replace our current corrupt system with another corrupt system. The current system is urging preppers to stock up on gold. My feeling is that following the coming war with China/Russia that the gold will become worthless, BUT, that those with the gold will be anxious to accept the first economic system put before them, hoping their saved gold will regain some of its former value.
What is the basis of a equitable economic system? We should look toward inspired documents for principles.
1. Constitution A1S8: Federal Government via the Congress should create all money
(this prevents currency wars and counterfeiting and inflation)
2. Constitution A1S8: Federal Goverment should regulate the value of currency.
3. Bible OT: Do not lend upon usury (full reserve, fee-based loans).
4. Bible NT: Live with all things common. (economy is not supply and demand - scarcity based)
[price of any product or service = quantity and quality of labor required to deliver and produce item or service]
5. Book of Mormon: Do not spend money for that which is of no worth. (Banks only lend for real assets, land, and property)
6. Doctrine and Covenants: deed land to the poor (ie don't rent property to the poor)
7. Doctrine and Covenants: Satisfy wants and needs (give needed fish while you are teaching people to fish, okay to give needs, but empower people to satisfy their own wants)
8. Doctrine and Covenants: Bishop's Storehouse as an All-Situation Insurance System (Medical Sharing Plan)
Re: Safety Society System
Posted: January 27th, 2015, 5:00 am
by davedan
Bad Economic Ideas:
Fractional Reserve Lending- banks become insolvent
Private Central Banking- private control currency and credit
Fiat Currency- no real assets back money or lending
Gold-based Currency- not enough gold to supply liquidity
Inflation- invisible tax
Compound Interest- exploitative usury
Communism- no property ownership
Socialism- no accountability
Capitalism- those with capital have all economic and political power
Re: Safety Society System
Posted: January 27th, 2015, 11:32 am
by Ezra
davedan wrote:Bad Economic Ideas:
Fractional Reserve Lending- banks become insolvent
Private Central Banking- private control currency and credit
Fiat Currency- no real assets back money or lending
Gold-based Currency- not enough gold to supply liquidity
Inflation- invisible tax
Compound Interest- exploitative usury
Communism- no property ownership
Socialism- no accountability
Capitalism- those with capital have all economic and political power
Gold silver based currency is what keeps currency stable as the only way to increase the currency is to mine more. They can make the coins smaller or with less gold content to take care of liquidity. Each gold or silver coin of coarse will have much more value then our current paper and coin money. It will be back to where a home costs 10,000 dollars in early 1900s.
Our current dollar is now worth less then 1 cent v's when we were on a gold standard. God created the gold standard. I think it best to trust his judgement.
Re: Safety Society System
Posted: January 27th, 2015, 11:46 am
by KMCopeland
Ezra wrote:davedan wrote:God created the gold standard. I think it best to trust his judgement.
When/where did God do that?
Re: Safety Society System
Posted: January 27th, 2015, 11:49 am
by ajax
davedan wrote:Bad Economic Ideas:
Fractional Reserve Lending- banks become insolvent Agree. Honesty in contractual obligations.
Private Central Banking- private control currency and credit NO Central Banking
Fiat Currency- no real assets back money or lending Agree. Add legal tender laws.
Gold-based Currency- not enough gold to supply liquidity The Austrians proved that is doesn't matter what the supply of money is. Purchasing power will fluctuate accordingly. The market participants will decide a medium of exchange.
Inflation- invisible tax Yes, inflation is an increase in the money supply. On a commodity based currency, mew mining will affect the supply, but this will be natural and much slower than mass inflation by fiat.
Compound Interest- exploitative usury Unless it's in your favor of course ;)
Communism- no property ownership
Socialism- no accountability
Capitalism- those with capital have all economic and political power Land is capital. Are you suggesting we won't live on and use land?
Re: Safety Society System
Posted: January 27th, 2015, 3:30 pm
by mhewett
davedan wrote:The current economic system with its quadrillions in derivatives and trillions in debt is coming to an end.
I had forgotten about the derivatives, what indicators would tell you that the end has come? What is the point at which it can no longer go on?
Re: Safety Society System
Posted: January 27th, 2015, 5:25 pm
by davedan
There will likely be no economic collapse until war comes. The globalist central bankers dont want to get the blame for the collapse of the system they created. They still want us to trust them when they suggest to us the next corrupt system. The globalist bankers can keep things going awhile longer until war comes. Then after the West gets nuked by Russia/China, they can just walk away from all the debt and just "clean slate" start over.
If the current system collapses because the FED stops printing QE money, then they won't be trusted to impliment the next system.
As it is, everyone with gold is being prepped to accept the next system.
Re: Safety Society System
Posted: January 27th, 2015, 8:46 pm
by davedan
Private Central Banking System:
Federal Government ----> Private Federal Reserve -----> FED Member Big Bank -------> Local Bank ------> Citizen
One reason why the Big Banks and the FED were started because the European banks would manipulate gold and silver prices and the stock market causing wild swings in the markets and crashing local banks who operate on fractional reserve principles. If local banks were full reserve, they would be immune to market swings. Safety Society Banks would not be invested in the stock market or gold and silver. These local banks would issue home and property loans and full-reserve deposits (checking and savings accounts).
Safety Society System:
Federal Government ----> Local Bank (Safety Society) ----> Citizen
Re: Safety Society System
Posted: January 27th, 2015, 10:23 pm
by Ezra
KMCopeland wrote:Ezra wrote:davedan wrote:God created the gold standard. I think it best to trust his judgement.
When/where did God do that?
In the begining. Read genisis for the creation narrative.
The Constitution silly willy. Did you really not know that?
Oh wait public schooling. Sorry let me write a little slower.
T h e C o n s t i t u t i o n.
=))
Re: Safety Society System
Posted: January 27th, 2015, 11:15 pm
by davedan
In the Safety Society System, money is backed by gold or silver or platinum, or land, or houses, or anything of real value. And if you need more currency in the system, you just mine more gold, or build more houses, or develop more land, (on-demand), etc.
The beef against gold-alone is that there is never enough to back the entire system with gold. some countries don't have very much at all. But all countries have land and can make bricks and can build houses. All those real assets can serve to back currency.
What ends up happening with a gold-only backed system is that there begins to be more corrupt paper (derivatives) gold than real gold. It is is just a big fraud in the end. Gold-only is how corrupt fractional reserve banking started.
Re: Safety Society System
Posted: January 28th, 2015, 3:12 am
by davedan
M.V = P.G = money supply x velocity = price (inflation) X real growth
The key to an inflationless economy is to create money only when needed for real growth. SSS does this by creating money "on demand" at the moment of loan origination. The value of the money that is created by the Federal Government and administered by the local bank (safety society), is based on the quality and quantity of labor required to produce or develop or mine the property, house or hard asset. Every dollar created has real backing. The asset that the borrower controls becomes that person's stewardship. When money is paid back to the Federal Government, that money is retired from the system. (mostly virtual money backed by real assets, land, property, real estate)
In our current system money is created at loan origination when we buy and sell our homes. Because of the corrupt amortized mortgage, we all feel like to earn equity on our homes, we have to sell our 10-year-old homes for 15% more than we bought it. Selling old homes for more money is a major driver of inflation in the economy.
The non-profit Local Bank (safety society) only charges enough of a loan origination fee and monthly service charge to cover their costs of operation. The Federal Government charges a simple interest fee (prime interest) voluntary tax for the usage of money. The Federal Government would use this voluntary tax/fee, and tariffs to raise revenue and discontinue the federal income tax completely. The Federal Fee is very important mechanism to control the money supply. Too much money in the system causes inflation, too little money deflation. The Federal fee makes borrowing more expensive and takes money out of the economy to regulate the value of currency (A Constitutional Requirement). The Federal Fee also makes borrowing more expensive than saving, and favors the saver over the borrower and is an incentive to paying off the loan quickly.
Re: Safety Society System
Posted: January 28th, 2015, 4:40 am
by davedan
The SSS Loan has its own built-in insurance policy. If a borrower can't make a payment, that payment is deducted from the borrowers equity. The SSS Loan transforms into a reverse mortgage at any time. Default only occurs when the borrower has lost all equity in the property. At that point, the property (a real asset) is repossessed by the bank and can be resold to prevent any loses.
Any projected inefficiencies and potential loses by the bank due to default can be factored into their monthly and loan origination fees. But because of the reverse mortgage/mortgage insurance mechanism, the chance of default is very low compared to the current system.
Re: Safety Society System
Posted: January 28th, 2015, 7:42 am
by Ezra
davedan wrote:M.V = P.G = money supply x velocity = price (inflation) X real growth
The key to an inflationless economy is to create money only when needed for real growth. SSS does this by creating money "on demand" at the moment of loan origination. The value of the money that is created by the Federal Government and administered by the local bank (safety society), is based on the quality and quantity of labor required to produce or develop or mine the property, house or hard asset. Every dollar created has real backing. The asset that the borrower controls becomes that person's stewardship. When money is paid back to the Federal Government, that money is retired from the system. (mostly virtual money backed by real assets, land, property, real estate)
In our current system money is created at loan origination when we buy and sell our homes. Because of the corrupt amortized mortgage, we all feel like to earn equity on our homes, we have to sell our 10-year-old homes for 15% more than we bought it. Selling old homes for more money is a major driver of inflation in the economy.
The non-profit Local Bank (safety society) only charges enough of a loan origination fee and monthly service charge to cover their costs of operation. The Federal Government charges a simple interest fee (prime interest) voluntary tax for the usage of money. The Federal Government would use this voluntary tax/fee, and tariffs to raise revenue and discontinue the federal income tax completely. The Federal Fee is very important mechanism to control the money supply. Too much money in the system causes inflation, too little money deflation. The Federal fee makes borrowing more expensive and takes money out of the economy to regulate the value of currency (A Constitutional Requirement). The Federal Fee also makes borrowing more expensive than saving, and favors the saver over the borrower and is an incentive to paying off the loan quickly.
Seems like there would be a lot of holes for curruption. money can be generated at point of loan? Who's going to moniter that generation. Who's going to monitor the retireing of that money? Who's going to moniter those who are the moniters?
Gold dosent need a backing. It is value.
If you are going to loan something why complicate it? paper money backed by something. Could be a house a cow virgin daughter. Too complicated.
Gold or silver platinum has value. It needs no backing it is what it is. You can't counterfiet it very easy at all.
Paper has no value. Paper is easy to counterfeit.
No paper.people wipe there butts with it.
Re: Safety Society System
Posted: January 28th, 2015, 8:12 am
by ajax
http://www.garynorth.com/HonestMoney.pdf" onclick="window.open(this.href);return false;
Re: Safety Society System
Posted: January 30th, 2015, 12:25 pm
by KMCopeland
davedan wrote:God created the gold standard. I think it best to trust his judgement
KMCopeland wrote:When/where did God do that?
Ezra wrote:The Constitution silly willy. Did you really not know that? Oh wait public schooling. Sorry let me write a little slower.
T h e C o n s t i t u t i o n.
Ah. Silly me.