peaceengine.com Blog

Politics

As the U. S. Congress crafts its 1 trillion dollar vindication of capitalist greed, I wonder when greed became a higher priority than common human need. It seems that the culture, of campaign contribution bought payback, seeks to prevail over common human decency. I am deeply offended that the U. S. Congress seeks to reward USA greed and corruption, instead of letting that greed work its way through the normal fire-and-brimstone cleansing lake, of the post-Armageddon salvation solution of choice–a bastion of truth and honor which is a service of humanity unto itself–USA Bankruptcy Law.

I wish the collective humans and non-human beings of USA would buy from me all of my poorly performing assets. Please give me back the hundreds of thousands lost in the crash of the stock market bubble and the housing market bubble. If I could get it all back I would retire from the workforce, today, like I planned to have done by this time. Instead, I must stay in the work force an extra ten years, assuming God wills and fortune smiles.

I now live in a house that I would be lucky to sell for two thirds of the price paid. So long as my wife’s and my current work continues, all of our monthly debts will be paid. Were one of us to take ill or be otherwise unable to work, we would soon slip into bankruptcy ourselves. I say God forbid that we should take from the many to reward the wanton greed of any human or non-human being. Clearly, it doesn’t make sense to reward the wanton greed at the human level of existence. Why, therefore, should it make sense to reward any wanton greed at the non-human being level of existence?

Let every human and non-human being, each of their own accord and means, pray for the safe continuation of their seemingly fragile existence and, should it become necessary, let them individually walk the pathway of honor, as we witness the vultures descend upon their assets removed from the corpus of their life by a bankruptcy judge. Life goes on. We will survive. Meanwhile, let us contemplate the common human needs and seek each their own particular salvation solution. Let each seek understanding by tuning out the media noise and taking a long term perspective on the deep issues of USA’s little corner of civilization. Sometimes, an indirect way of solving some problems, does a better job than a frontal assault.

Crisis Solution Ideas

Instead of simply rewarding capitalist greed, let us decide to underwrite a $1 trillion dollar earmarked Public Good loan fund to be administered by means of loans to member banks from the Federal Reserve Bank Public Good Fund (hereafter named “Fund”). In order to prevent future mischief, let us decree that ALL money flows from and into the Public Good Fund shall become public information AND be posted by the Federal Reserve, immediately, upon the Internet.

Instead of giving money to the bankers, let us craft ways of lending the member banks money to lend to humans at a low interest rate. Suddenly, a lived in house and its owner take a big step back from the precipice of bankruptcy.

Housing–the Federal Reserve Bank shall fix the retail price of owner occupied primary housing at a 2% interest rate per year. As necessary, the Fed lends money to member banks sufficient to back these loans. Housing shall qualify for the fixed 2% interest rate providing that: a) the housing is lived in by all owners at least 90% of the year, and, b) the member banks MUST repay the loan as the borrower’s principal is recovered, and, c) the home shall be brought up to energy and livability standards prior to sale, and, d) all secondary loans against the home shall be forbidden excepting home improvement loans which shall be joined into the original loan at no additional cost to the borrower.

Education — the Federal Reserve Bank shall fix the retail price of adult education at a maximum 1% interest rate per year. As necessary, the Fed lends Public Good Fund money to member banks, sufficient to back these loans. Whenever Public Good Fund backed loan principal is repaid by the borrowers, the member banks MUST repay Public Good Fund principal.

Everything Else– the Federal Reserve Bank shall operate as before regarding interest rates of money lent to member banks.

Other Solution Ideas

Energy — build a 1 billion $USD replicatable prototype construction of a closed-cycle coal to liquid fuel and polymer production facility designed to fulfill the economic needs of a fifty thousand human regional economy.

Energy Supply — procure a source of Montana lignite coal to feed the facility at the rate of seven coal cars per fifty thousand humans per day.