http://www.power-independence.com/view_topic.php?id=475&forum_id=4
The following is a letter I sent to Ron Paul and Dennis Kucinich:
quote:
Dennis Kucinich and Ron Paul,Please consider moving toward honest currency. I can offer two examples.
Product one is a new monetary instrument offered to qualified buyers for refinancing their homes without interest and without transaction fees. Of course there must be a charge paid by anyone who has already proven unable to pay off previous loans and that charge goes to an insurance fund based upon accurate insurance data.
Product one is designed to relieve the burden of collective punishment levied against honest working people who have proven to be capable of producing a valuable income, and therefore capable of defending liberty while sustaining honest, honorable, and moral human life. Product one includes an option to add their business mortgage to the product one loan at no interest and without charging a transaction fee.
Before you two stop reading this, please bear with me. This is not lunacy. This is a well thought out bridge between left and right approaches to voluntary government.
Product one is not meant to generate income to the provider of product one. Product two is meant to generate an income to the provider of product one and product two.
Product two is a one percent interest loan to qualified buyers for new power production products. Any product that will produce more power than the power consumed during production can be added to the list of products that qualify for these one percent interest loans, to qualified buyers.
Examples of Product Two Loan Products:
Solar Panels
Electric Cars
If either of you are unaware of how modern business is now being conducted I can offer a short course.
Producers now give away a simple product so as to collect a greater portion of the market share while their more complicated product earns the income.
Examples:
Skype
PayPal
Ebay
E-Gold
From those types of companies it can easily be seen how this new Honest Currency business can dominate the Global Currency Market.
Please think clearly on this before discarding it.
Example:
Day one of the new issue of these two products generates 10,000 sales of product number one and 3,000 sales of product two and all of these sales occur in the U.S.A. where this new Honest Currency is a competitor for any Global legal tender. This new money issue can be used to pay U.S.A. tax debt. This new currency can be backed by the home property titles, the business property titles, and the product titles and this new currency can be backed by Gold, Silver, Platinum, and whatever else is designed into the new legal currency.
You two can work out how this currency is produced and by whom this currency is produced. I suggest that the two products are written down as legal products of specific design and offered to private companies based upon the lowest bid for the license to issue this currency or I suggest these two products are issued by The Treasury Department.
If the private companies gain the license to profit from this venture then the private company keeps the 1 percent interest to cover their costs and make a profit. If the Treasury Department issues this currency, then the Treasury Department keeps the 1 percent interest to cover their costs and make a profit.
Right now you two may be confused or skeptical concerning the total costs of issuing these two products compared to the total income generated at 1 percent interest.
Please go back to the careful study of what happens on day one. On day one the new issue of these two products generates 10,000 sales of product number one and 3,000 sales of product number two.
10,000 people now pay no interest to any bank for their home and/or business loan. 10,000 people have either more liquid cash per month and/or 10,000 people pay off their loans faster and then they have much more liquid cash per month.
That is day one. How many people see this happening and how many people sign up for (get in line for) their new loans? How many businesses have the license to process these loans? How fast will this new Honest Currency gain market share in direct competition with The Dollar, The Yen, The Euro, The Yuan, and any other legal currency on the Global Market?
Which currency provider business would not expend the cost to gain that much market share, that quickly?
Which currency customer would prefer to pay 6 to 15 or higher percent interest to pay off their valuable homes and businesses? Who, honestly, can afford not to take this deal?
Now look at the 3,000 new customers who purchase the one percent interest loans on day one.
3,000 people now send the Honest Currency Provider an income based upon one percent of their borrowed amount.
Suppose that all 3,000 people purchased solar panels and electric cars.
1,000 home owners
1,000 existing businesses (supper markets, retail stores, farms, industries)
1,000 new businesses (electric car taxi services, electric car parts manufacturers, solar panel production, sales, maintenance, and installation)Suppose the average loan amount for all 3,000 people on day one is 100,000 dollars of new Honest Currency. What are the potential income earnings for that market share? I trust that you two are capable of setting aside the sirens song in Congress so as to have the power to answer that last question.
If the venture is profitable and equitable, then what is in the way to stop it?
Joe Kelley