For months now, Jim Garlow has been telling anyone who will listen that they need to read the book "Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem" by Jay W. Richards because it perfectly explains how economic issues should be handled from a biblical perspective. He even dedicated a segment during the first Pray and Act webcast to promoting the book and its ideas:
If we have 535 people in Washington, DC - House and Senate - who are voting through laws that cause grandchildren and great-grandchildren of yours yet unborn to be saddled with a debt they cannot handle, that is called thievery.
There's a law against stealing: Thou shalt not steal. We have no right to steal from future generations. So the whole economic issue is a biblical issue.
Debt like we have in America is immoral. It is wrong. There should be a screaming up. This could cause a suffocation and a complete destruction of all we hold dear. The taxation is becoming oppressive.
The reason that we have these kind of bad laws passing in our Congress is very simple: what percentage of the people making the laws are attending a church where the Bible is being taught? Let me go further though: if it's a small percentage that are there, let's just pick an arbitrary number - 10%, 15%, 20% - are attending a church where the Bible is being taught, let me ask you a question, how many of them are going to a church where biblical economics is being taught so the person who goes to make the laws has the moral foundation, the biblical background, to be able to vote through the right kind of laws? We have been silent and I believe the spirit of God is stirring something at a deep level.
Garlow brought it up again the second Pray and ACT webcast and preached a sermon on it at his church last weekend:
I preached then, and in four Sunday services, on a topic about which I had never taught: the biblical economic principles related to the current crushing national debt and the oppressive taxation. The Bible has much to say about civil governance (and how peace and tranquilly can be experienced in our communities) and has much more to say about the underpinnings to our national economic situations than I had previously anticipated. If you have the time or interest, you can hear it at http://www.skylinechurch.org/skyline/?page_id=26. And, as I have stated before, I commend Jay Richard’s exceptional book, Money, Greed and God to everyone.
To date, Garlow had pretty much been all alone in recommending the book and its teachings, but that looks like that is about to change as the Family Research Council has announced that they will be hosting an event featuring Richards and his book in December:
Jay Richards is a Senior Fellow of the Discovery Institute and a Contributing Editor of The American at the American Enterprise Institute. In recent years he has been a Visiting Fellow at the Heritage Foundation, and a Research Fellow and Director of Acton Media at the Acton Institute.
He has written many academic articles, books, and popular essays on a wide variety of subjects. His most recent book is Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem.
I had resisted reading this because for a long time it seemed that only Garlow was recommending it, but now that it looks like it might be becoming a playbook for the movement, I guess I'll have to actually take a look at it.
so, yea, what's the big deal?
This is not a simple matter of temporary inconvenience. If you agree to pay interest on a loan from them you are enslaving yourself. It is very simple, and they don't want you to know that.
The loan money you agree to pay back did not exist until you signed the dotted line. In fact, it will never 'exist'. When you purchase a home or a car you agree to make payments until the loan is completely paid off, paying an 'agreed' interest rate, a premium, for the convenience of taking control of the home or car without paying in full. But no money is ever exchanged. The loan document is essentially an agreement that if you stop making payments the bank will have to take over, potentially at a loss. Either way the third party, such as the original owner of the home, or Toyota, in the case of a car, is paid in full by the bank - the third party is no longer involved. They have received full payment. But you, my dear consumer, are now a slave.
Why use such a term as slave? Because you are working for someone that never worked for the money in the first place. They 'printed' it. They increased the number of zeros on their ledger because you have agreed to make payments on that money, but it never existed in the first place. That is, the Federal Reserve has the ability to increase the money supply and then pass it on to their 'member' banks: Wells Fargo, Citi, Bank of America, etc. These banks will only take a loss if you stop making payments - and they threaten you with a lower FICO score, which is always fluctuating and at risk of identity fraud anyway, if you decide not to play anymore. So how is this slavery? You are paying interest on money they did not work for. But you had to sweat to get the money to pay that interest. Your sweat goes to these bankers without them doing a thing. If enough of your fellow consumers stop making payments the house of cards falls and the big bank gets a bailout. The small banks just get their assets gobbled up by the big banks; no bailout.
If you, my dear consumer, attempt to create money out of thin air you are put in jail. You are a cheat. But not them. They can create all the money they need, raising this so-called debt ceiling, creating programs like TARP, and other 'bailouts' for risk-taking banksters. That's right. They get your sweat in the form of interest payments, you slave, and they get to take risks because Glass-Steagall has been repealed, and if they fail, you, the taxpaying consumer, get to become the primary investor in their failure: the bailout. They threaten collapse, chaos, and even war if the don't get their bailout from the taxpayer. And then they turn around and lend you, the consumer, money at 10, 20, 30%.
So what is pragmatic? How about a system that cannot be manipulated? How about a system in which losers actually lose and are not allowed to play anymore instead of given huge bonuses?
That system, is a gold-backed system. Keynes is popular in the current time because he speaks the language of bankers and politicians - not the People. There should be no such thing as inflation. Inflation is at best a hidden tax (increase the money supply to fund inefficient programs, sweetheart deals, and risky investments waiting for a bailout) because the value of the money under your mattress is devalued - you can't buy as much anymore. Why should anyone ever! be content to have less money the next day. You can buy X for $10 today, after inflation it will be $11. Why would you ever want that? How is that ever good? This is no mere inconvenience - it really is theft. So these financial scientists (bankers) and politician friends have devised a near perfect system of control. And because you can't inflate gold (it can't be copied, duplicated, or printed) it's 'value' stays constant. A gold coin will always have a specific weight and purity according to the standards of the mint it came from. That's what's in the Constitution - not an extra-governmental (private) instiution that can create as much money as it needs to maintain control!
Banking should be boring. They should accept deposits and charge money for keeping it safe in their vaults. But don't they pay depositors interest, you ask? Why would they pay you to keep your money safe when you can come in and get it back anytime you like? You can't run a business like that! The point of paying interest on a deposit is because the depositor agrees to allow the banker to loan the money to someone else. But that's not how it works, you say? Exactly. Because everybody knows that if enough depositors come to get their money the house of cards collapses and the FDIC has to step in. This should never happen. There should be no such thing, generally speaking, as a bankrun. A bank will fail if they make too many risky loans. That is, if a banker fails to properly evaluate the 'creditworthiness' of the individuals applying for loans. If too many loans go sour the banker fails and all of his assets are purchased by those making loans that are less risky. No need to ask Keynes what he thinks. Banking should not involve economics, which is really about the effects of human choice. Banking is math. If you deposit money, and you want to be able to get it the next day, you must pay the banker a fee for safekeeping. If you agree that your money can be lent to another, trusting the judgment of your banker, then you should receive part of the profit - and you cannot get it the next day, because it has already been lent! How can you possibly retrieve something that is not there? You banker would think you are an idiot to request money you agreed to lend! But that's what an honest system would work. Instead, we have an 'unlimited' system. It stops working properly if you apply gravity. Ron Paul's 26 year attempt to audit the Federal Reserve is almost more of an inside joke. He already knows that the Federal Reserve is evil - but he has a hard enough time deflecting attempts from the media to portray him as a lunatic as it is - he wants the public to perceive what a mudfight will ensue if they actually knew how the system works.
So growth would be slower. But it is inherently stable. Individuals are likely to take less risk, and they are less likely to get a loan that they probably won't be able to pay back. People sharpen their pencils. People look for other ways to finance their plans by seeking out friends, family, neighbors, etc instead of bankers. The free market is the market in which there is no restriction. But we do not have a free market. We have banksters hiding behind green curtains telling us what is best. The more stable the system the less money the banksters make. They make more money gaming the system: booms and busts - and we start to hear these pompous, paid economists (bankster apologists) tell us they couldn't see this was going to happen, and we all nod our heads, "Nobody saw this coming." So because the banksters never work for any of this money it is in their best interest that you, the simple-minded, ever-trusting consumer is in a perpetual state of paying interest. They are less interested in being paid in full than they are having you pay with your sweat.
Bankers control. Consumers always pay. Maybe you already explained all this to your girlie, my fellow FR-hater, and there is much more, but ask her what has always happened when enough people become apathetic to evil. The reason the founding fathers didn't get around to explaining the free market in the Constitution is because it is the lack of restriction. Real liberty. Let coined precious metals be the pinnacle of our economic system - everything else can be bartered. It keeps the bankers at bay.
I leave you with two quotes, from men of opposite character, that say the same thing using different words:
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The actress says she tends to favor "more dramatic" designers.
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iLounge news discussing the White iPhone 4 delay due to mismatched Home buttons?. Find more iPhone news from leading independent iPod, iPhone, and iPad site.
<b>News</b> - Joy Behar, Bill O'Reilly Continue Trading Insults <b>...</b>
She accuses him of making "hate speech"; he says he refuses to sugar coat "harsh realities"
bench craft company reviews
For months now, Jim Garlow has been telling anyone who will listen that they need to read the book "Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem" by Jay W. Richards because it perfectly explains how economic issues should be handled from a biblical perspective. He even dedicated a segment during the first Pray and Act webcast to promoting the book and its ideas:
If we have 535 people in Washington, DC - House and Senate - who are voting through laws that cause grandchildren and great-grandchildren of yours yet unborn to be saddled with a debt they cannot handle, that is called thievery.
There's a law against stealing: Thou shalt not steal. We have no right to steal from future generations. So the whole economic issue is a biblical issue.
Debt like we have in America is immoral. It is wrong. There should be a screaming up. This could cause a suffocation and a complete destruction of all we hold dear. The taxation is becoming oppressive.
The reason that we have these kind of bad laws passing in our Congress is very simple: what percentage of the people making the laws are attending a church where the Bible is being taught? Let me go further though: if it's a small percentage that are there, let's just pick an arbitrary number - 10%, 15%, 20% - are attending a church where the Bible is being taught, let me ask you a question, how many of them are going to a church where biblical economics is being taught so the person who goes to make the laws has the moral foundation, the biblical background, to be able to vote through the right kind of laws? We have been silent and I believe the spirit of God is stirring something at a deep level.
Garlow brought it up again the second Pray and ACT webcast and preached a sermon on it at his church last weekend:
I preached then, and in four Sunday services, on a topic about which I had never taught: the biblical economic principles related to the current crushing national debt and the oppressive taxation. The Bible has much to say about civil governance (and how peace and tranquilly can be experienced in our communities) and has much more to say about the underpinnings to our national economic situations than I had previously anticipated. If you have the time or interest, you can hear it at http://www.skylinechurch.org/skyline/?page_id=26. And, as I have stated before, I commend Jay Richard’s exceptional book, Money, Greed and God to everyone.
To date, Garlow had pretty much been all alone in recommending the book and its teachings, but that looks like that is about to change as the Family Research Council has announced that they will be hosting an event featuring Richards and his book in December:
Jay Richards is a Senior Fellow of the Discovery Institute and a Contributing Editor of The American at the American Enterprise Institute. In recent years he has been a Visiting Fellow at the Heritage Foundation, and a Research Fellow and Director of Acton Media at the Acton Institute.
He has written many academic articles, books, and popular essays on a wide variety of subjects. His most recent book is Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem.
I had resisted reading this because for a long time it seemed that only Garlow was recommending it, but now that it looks like it might be becoming a playbook for the movement, I guess I'll have to actually take a look at it.
so, yea, what's the big deal?
This is not a simple matter of temporary inconvenience. If you agree to pay interest on a loan from them you are enslaving yourself. It is very simple, and they don't want you to know that.
The loan money you agree to pay back did not exist until you signed the dotted line. In fact, it will never 'exist'. When you purchase a home or a car you agree to make payments until the loan is completely paid off, paying an 'agreed' interest rate, a premium, for the convenience of taking control of the home or car without paying in full. But no money is ever exchanged. The loan document is essentially an agreement that if you stop making payments the bank will have to take over, potentially at a loss. Either way the third party, such as the original owner of the home, or Toyota, in the case of a car, is paid in full by the bank - the third party is no longer involved. They have received full payment. But you, my dear consumer, are now a slave.
Why use such a term as slave? Because you are working for someone that never worked for the money in the first place. They 'printed' it. They increased the number of zeros on their ledger because you have agreed to make payments on that money, but it never existed in the first place. That is, the Federal Reserve has the ability to increase the money supply and then pass it on to their 'member' banks: Wells Fargo, Citi, Bank of America, etc. These banks will only take a loss if you stop making payments - and they threaten you with a lower FICO score, which is always fluctuating and at risk of identity fraud anyway, if you decide not to play anymore. So how is this slavery? You are paying interest on money they did not work for. But you had to sweat to get the money to pay that interest. Your sweat goes to these bankers without them doing a thing. If enough of your fellow consumers stop making payments the house of cards falls and the big bank gets a bailout. The small banks just get their assets gobbled up by the big banks; no bailout.
If you, my dear consumer, attempt to create money out of thin air you are put in jail. You are a cheat. But not them. They can create all the money they need, raising this so-called debt ceiling, creating programs like TARP, and other 'bailouts' for risk-taking banksters. That's right. They get your sweat in the form of interest payments, you slave, and they get to take risks because Glass-Steagall has been repealed, and if they fail, you, the taxpaying consumer, get to become the primary investor in their failure: the bailout. They threaten collapse, chaos, and even war if the don't get their bailout from the taxpayer. And then they turn around and lend you, the consumer, money at 10, 20, 30%.
So what is pragmatic? How about a system that cannot be manipulated? How about a system in which losers actually lose and are not allowed to play anymore instead of given huge bonuses?
That system, is a gold-backed system. Keynes is popular in the current time because he speaks the language of bankers and politicians - not the People. There should be no such thing as inflation. Inflation is at best a hidden tax (increase the money supply to fund inefficient programs, sweetheart deals, and risky investments waiting for a bailout) because the value of the money under your mattress is devalued - you can't buy as much anymore. Why should anyone ever! be content to have less money the next day. You can buy X for $10 today, after inflation it will be $11. Why would you ever want that? How is that ever good? This is no mere inconvenience - it really is theft. So these financial scientists (bankers) and politician friends have devised a near perfect system of control. And because you can't inflate gold (it can't be copied, duplicated, or printed) it's 'value' stays constant. A gold coin will always have a specific weight and purity according to the standards of the mint it came from. That's what's in the Constitution - not an extra-governmental (private) instiution that can create as much money as it needs to maintain control!
Banking should be boring. They should accept deposits and charge money for keeping it safe in their vaults. But don't they pay depositors interest, you ask? Why would they pay you to keep your money safe when you can come in and get it back anytime you like? You can't run a business like that! The point of paying interest on a deposit is because the depositor agrees to allow the banker to loan the money to someone else. But that's not how it works, you say? Exactly. Because everybody knows that if enough depositors come to get their money the house of cards collapses and the FDIC has to step in. This should never happen. There should be no such thing, generally speaking, as a bankrun. A bank will fail if they make too many risky loans. That is, if a banker fails to properly evaluate the 'creditworthiness' of the individuals applying for loans. If too many loans go sour the banker fails and all of his assets are purchased by those making loans that are less risky. No need to ask Keynes what he thinks. Banking should not involve economics, which is really about the effects of human choice. Banking is math. If you deposit money, and you want to be able to get it the next day, you must pay the banker a fee for safekeeping. If you agree that your money can be lent to another, trusting the judgment of your banker, then you should receive part of the profit - and you cannot get it the next day, because it has already been lent! How can you possibly retrieve something that is not there? You banker would think you are an idiot to request money you agreed to lend! But that's what an honest system would work. Instead, we have an 'unlimited' system. It stops working properly if you apply gravity. Ron Paul's 26 year attempt to audit the Federal Reserve is almost more of an inside joke. He already knows that the Federal Reserve is evil - but he has a hard enough time deflecting attempts from the media to portray him as a lunatic as it is - he wants the public to perceive what a mudfight will ensue if they actually knew how the system works.
So growth would be slower. But it is inherently stable. Individuals are likely to take less risk, and they are less likely to get a loan that they probably won't be able to pay back. People sharpen their pencils. People look for other ways to finance their plans by seeking out friends, family, neighbors, etc instead of bankers. The free market is the market in which there is no restriction. But we do not have a free market. We have banksters hiding behind green curtains telling us what is best. The more stable the system the less money the banksters make. They make more money gaming the system: booms and busts - and we start to hear these pompous, paid economists (bankster apologists) tell us they couldn't see this was going to happen, and we all nod our heads, "Nobody saw this coming." So because the banksters never work for any of this money it is in their best interest that you, the simple-minded, ever-trusting consumer is in a perpetual state of paying interest. They are less interested in being paid in full than they are having you pay with your sweat.
Bankers control. Consumers always pay. Maybe you already explained all this to your girlie, my fellow FR-hater, and there is much more, but ask her what has always happened when enough people become apathetic to evil. The reason the founding fathers didn't get around to explaining the free market in the Constitution is because it is the lack of restriction. Real liberty. Let coined precious metals be the pinnacle of our economic system - everything else can be bartered. It keeps the bankers at bay.
I leave you with two quotes, from men of opposite character, that say the same thing using different words:
bench craft company reviews<b>News</b> - Zoe Saldana Reveals Her Dream Fashion Collaborator - Style <b>...</b>
The actress says she tends to favor "more dramatic" designers.
White iPhone 4 delay due to mismatched Home buttons? | iLounge <b>News</b>
iLounge news discussing the White iPhone 4 delay due to mismatched Home buttons?. Find more iPhone news from leading independent iPod, iPhone, and iPad site.
<b>News</b> - Joy Behar, Bill O'Reilly Continue Trading Insults <b>...</b>
She accuses him of making "hate speech"; he says he refuses to sugar coat "harsh realities"
benchcraft company portland or
bench craft company reviews
benchcraft company portland or<b>News</b> - Zoe Saldana Reveals Her Dream Fashion Collaborator - Style <b>...</b>
The actress says she tends to favor "more dramatic" designers.
White iPhone 4 delay due to mismatched Home buttons? | iLounge <b>News</b>
iLounge news discussing the White iPhone 4 delay due to mismatched Home buttons?. Find more iPhone news from leading independent iPod, iPhone, and iPad site.
<b>News</b> - Joy Behar, Bill O'Reilly Continue Trading Insults <b>...</b>
She accuses him of making "hate speech"; he says he refuses to sugar coat "harsh realities"
benchcraft company portland or
For months now, Jim Garlow has been telling anyone who will listen that they need to read the book "Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem" by Jay W. Richards because it perfectly explains how economic issues should be handled from a biblical perspective. He even dedicated a segment during the first Pray and Act webcast to promoting the book and its ideas:
If we have 535 people in Washington, DC - House and Senate - who are voting through laws that cause grandchildren and great-grandchildren of yours yet unborn to be saddled with a debt they cannot handle, that is called thievery.
There's a law against stealing: Thou shalt not steal. We have no right to steal from future generations. So the whole economic issue is a biblical issue.
Debt like we have in America is immoral. It is wrong. There should be a screaming up. This could cause a suffocation and a complete destruction of all we hold dear. The taxation is becoming oppressive.
The reason that we have these kind of bad laws passing in our Congress is very simple: what percentage of the people making the laws are attending a church where the Bible is being taught? Let me go further though: if it's a small percentage that are there, let's just pick an arbitrary number - 10%, 15%, 20% - are attending a church where the Bible is being taught, let me ask you a question, how many of them are going to a church where biblical economics is being taught so the person who goes to make the laws has the moral foundation, the biblical background, to be able to vote through the right kind of laws? We have been silent and I believe the spirit of God is stirring something at a deep level.
Garlow brought it up again the second Pray and ACT webcast and preached a sermon on it at his church last weekend:
I preached then, and in four Sunday services, on a topic about which I had never taught: the biblical economic principles related to the current crushing national debt and the oppressive taxation. The Bible has much to say about civil governance (and how peace and tranquilly can be experienced in our communities) and has much more to say about the underpinnings to our national economic situations than I had previously anticipated. If you have the time or interest, you can hear it at http://www.skylinechurch.org/skyline/?page_id=26. And, as I have stated before, I commend Jay Richard’s exceptional book, Money, Greed and God to everyone.
To date, Garlow had pretty much been all alone in recommending the book and its teachings, but that looks like that is about to change as the Family Research Council has announced that they will be hosting an event featuring Richards and his book in December:
Jay Richards is a Senior Fellow of the Discovery Institute and a Contributing Editor of The American at the American Enterprise Institute. In recent years he has been a Visiting Fellow at the Heritage Foundation, and a Research Fellow and Director of Acton Media at the Acton Institute.
He has written many academic articles, books, and popular essays on a wide variety of subjects. His most recent book is Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem.
I had resisted reading this because for a long time it seemed that only Garlow was recommending it, but now that it looks like it might be becoming a playbook for the movement, I guess I'll have to actually take a look at it.
so, yea, what's the big deal?
This is not a simple matter of temporary inconvenience. If you agree to pay interest on a loan from them you are enslaving yourself. It is very simple, and they don't want you to know that.
The loan money you agree to pay back did not exist until you signed the dotted line. In fact, it will never 'exist'. When you purchase a home or a car you agree to make payments until the loan is completely paid off, paying an 'agreed' interest rate, a premium, for the convenience of taking control of the home or car without paying in full. But no money is ever exchanged. The loan document is essentially an agreement that if you stop making payments the bank will have to take over, potentially at a loss. Either way the third party, such as the original owner of the home, or Toyota, in the case of a car, is paid in full by the bank - the third party is no longer involved. They have received full payment. But you, my dear consumer, are now a slave.
Why use such a term as slave? Because you are working for someone that never worked for the money in the first place. They 'printed' it. They increased the number of zeros on their ledger because you have agreed to make payments on that money, but it never existed in the first place. That is, the Federal Reserve has the ability to increase the money supply and then pass it on to their 'member' banks: Wells Fargo, Citi, Bank of America, etc. These banks will only take a loss if you stop making payments - and they threaten you with a lower FICO score, which is always fluctuating and at risk of identity fraud anyway, if you decide not to play anymore. So how is this slavery? You are paying interest on money they did not work for. But you had to sweat to get the money to pay that interest. Your sweat goes to these bankers without them doing a thing. If enough of your fellow consumers stop making payments the house of cards falls and the big bank gets a bailout. The small banks just get their assets gobbled up by the big banks; no bailout.
If you, my dear consumer, attempt to create money out of thin air you are put in jail. You are a cheat. But not them. They can create all the money they need, raising this so-called debt ceiling, creating programs like TARP, and other 'bailouts' for risk-taking banksters. That's right. They get your sweat in the form of interest payments, you slave, and they get to take risks because Glass-Steagall has been repealed, and if they fail, you, the taxpaying consumer, get to become the primary investor in their failure: the bailout. They threaten collapse, chaos, and even war if the don't get their bailout from the taxpayer. And then they turn around and lend you, the consumer, money at 10, 20, 30%.
So what is pragmatic? How about a system that cannot be manipulated? How about a system in which losers actually lose and are not allowed to play anymore instead of given huge bonuses?
That system, is a gold-backed system. Keynes is popular in the current time because he speaks the language of bankers and politicians - not the People. There should be no such thing as inflation. Inflation is at best a hidden tax (increase the money supply to fund inefficient programs, sweetheart deals, and risky investments waiting for a bailout) because the value of the money under your mattress is devalued - you can't buy as much anymore. Why should anyone ever! be content to have less money the next day. You can buy X for $10 today, after inflation it will be $11. Why would you ever want that? How is that ever good? This is no mere inconvenience - it really is theft. So these financial scientists (bankers) and politician friends have devised a near perfect system of control. And because you can't inflate gold (it can't be copied, duplicated, or printed) it's 'value' stays constant. A gold coin will always have a specific weight and purity according to the standards of the mint it came from. That's what's in the Constitution - not an extra-governmental (private) instiution that can create as much money as it needs to maintain control!
Banking should be boring. They should accept deposits and charge money for keeping it safe in their vaults. But don't they pay depositors interest, you ask? Why would they pay you to keep your money safe when you can come in and get it back anytime you like? You can't run a business like that! The point of paying interest on a deposit is because the depositor agrees to allow the banker to loan the money to someone else. But that's not how it works, you say? Exactly. Because everybody knows that if enough depositors come to get their money the house of cards collapses and the FDIC has to step in. This should never happen. There should be no such thing, generally speaking, as a bankrun. A bank will fail if they make too many risky loans. That is, if a banker fails to properly evaluate the 'creditworthiness' of the individuals applying for loans. If too many loans go sour the banker fails and all of his assets are purchased by those making loans that are less risky. No need to ask Keynes what he thinks. Banking should not involve economics, which is really about the effects of human choice. Banking is math. If you deposit money, and you want to be able to get it the next day, you must pay the banker a fee for safekeeping. If you agree that your money can be lent to another, trusting the judgment of your banker, then you should receive part of the profit - and you cannot get it the next day, because it has already been lent! How can you possibly retrieve something that is not there? You banker would think you are an idiot to request money you agreed to lend! But that's what an honest system would work. Instead, we have an 'unlimited' system. It stops working properly if you apply gravity. Ron Paul's 26 year attempt to audit the Federal Reserve is almost more of an inside joke. He already knows that the Federal Reserve is evil - but he has a hard enough time deflecting attempts from the media to portray him as a lunatic as it is - he wants the public to perceive what a mudfight will ensue if they actually knew how the system works.
So growth would be slower. But it is inherently stable. Individuals are likely to take less risk, and they are less likely to get a loan that they probably won't be able to pay back. People sharpen their pencils. People look for other ways to finance their plans by seeking out friends, family, neighbors, etc instead of bankers. The free market is the market in which there is no restriction. But we do not have a free market. We have banksters hiding behind green curtains telling us what is best. The more stable the system the less money the banksters make. They make more money gaming the system: booms and busts - and we start to hear these pompous, paid economists (bankster apologists) tell us they couldn't see this was going to happen, and we all nod our heads, "Nobody saw this coming." So because the banksters never work for any of this money it is in their best interest that you, the simple-minded, ever-trusting consumer is in a perpetual state of paying interest. They are less interested in being paid in full than they are having you pay with your sweat.
Bankers control. Consumers always pay. Maybe you already explained all this to your girlie, my fellow FR-hater, and there is much more, but ask her what has always happened when enough people become apathetic to evil. The reason the founding fathers didn't get around to explaining the free market in the Constitution is because it is the lack of restriction. Real liberty. Let coined precious metals be the pinnacle of our economic system - everything else can be bartered. It keeps the bankers at bay.
I leave you with two quotes, from men of opposite character, that say the same thing using different words:
benchcraft company scam
benchcraft company portland or<b>News</b> - Zoe Saldana Reveals Her Dream Fashion Collaborator - Style <b>...</b>
The actress says she tends to favor "more dramatic" designers.
White iPhone 4 delay due to mismatched Home buttons? | iLounge <b>News</b>
iLounge news discussing the White iPhone 4 delay due to mismatched Home buttons?. Find more iPhone news from leading independent iPod, iPhone, and iPad site.
<b>News</b> - Joy Behar, Bill O'Reilly Continue Trading Insults <b>...</b>
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Determining the right amount of money to put down on the home of your dreams should not be complicated. The idea behind the down payment is to demonstrate that you are serious about purchasing the home. However, the amount of cash you pony up may make or break a deal depending upon the seller's feelings about the market and the size of any competing buyer's down payments.
Suppose you have just found that perfect home you've been dreaming of owning for your entire life. Of course you want the biggest home you can afford, so the asking price is just at the limit of your budget. You've talked it over with your significant other, and it's agreed on. You're going to buy this wonderful home and live there happily every after.
Then the financial reality sets in, followed by an unending stream doubt flooding your mind, washing away thrill a little. You'd better get your offer in as quick as you can, before anyone else takes a liking to your prize and beats you to the punch. How much money do I need? Do I have enough cash in the bank to cover it? Will I be able to eat and pay the bills for the rest of the month? In this case, you might want to reconsider whether the cost of realizing your dreams outweighs the strength of your income-to-debt ratio.
You could pick up the telephone and place a quick call your real estate agent. He or she will be happy to provide you with the average down payment for a similar home in your area. It could be that no down payment is required at all, depending upon how you intend to finance your mortgage. It could also be ten to twenty percent of the selling price. There aren't any hard and fast rules to follow, as every home purchase is unique. But one factor you should consider is the volatility of the housing market in your area.
In other words, if housing sales are slow or declining as reflected by the average length of time a home has been on the market, there probably is little competition. The market is relatively stagnant because people aren't buying at the present time. Keep in mind that sellers and agents, and even lenders will always hype the market to try to make you believe that the market is hot, when the statistical data show that it's actually cooling down.
In many areas of the country today, housing markets have cooled significantly. There may be little competition for a home and in some areas, and Reduced for Quick Sale signs are as common as dandelions. In others, the housing market has remained healthy, with steadily increasing prices and listings that turnover in less than 30 days. There may be some pretty creative financing in the cool areas, and the amount of the down payment may be less important than in the healthy market areas.
Picture a typical three bedroom, two car garage home with all the features and extras you've always wanted. You've got some money you've been saving for years set aside for just this occasion and you age going to take the plunge. You happily hand over a check your agent for ten percent of the price. Next, you wait anxiously for the telephone to ring with the good news!
Two days later, the telephone rings with disappointing news. It seems that your purchase offer wasn't accepted after all. The owner's of your dream home decided to take another's offer because they put down 20 percent of the asking price. Your dreams have been crushed by the size of someone else's bank account. In a situation like this you would have had no way of knowing that there competing offers in play unless you asked your agent first. He or she should inquire as to the status of the property and inform you about any competing offers. If there are, you may want to try to get an additional edge in your favor by placing a larger down payment.
Home sellers come in many different shapes and sizes. They may be anxious to sell, especially if the market has slowed down and they are facing relocation pressures from their employer. Or, they may be willing to wait out the slump and try to get the highest price possible from a buyer anxious to move in, regardless of the asking price. In some areas, this has driven the price of homes to new and extreme highs.
In any case, the size of your down payment sends a clear message about how serious you are about purchasing the home and the likelihood of having the purchase offer actually becoming accepted and financed. You should be confident that you can obtain the financing before making an offer to purchase the home. Keep in mind that once you write out the down payment check, it will be held in escrow until the day you actually close on the sale. If you should be unsuccessful in obtaining the financing, or the deal falls apart for other reasons, your down payment check will be tied up until you have withdrawn from the purchase.
Purchasing a new home is an exciting and rewarding experience. Being aware of these tips and traps that you could encounter should help you overcome any concerns about how much to put down toward the final purchase. Keep the communication lines open with your real estate agent, and always be sure to ask plenty of questions.
Finally, be sure to research the housing market for trends that reflect the health and condition of the market in your area. Once the seller has enthusiastically accepted your purchase offer, you are on your way to obtaining that first mortgage approval. Soon you will have the keys in your hand and open the door to your dream home.
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