Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 3 (3 Shares)  
Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments

OpEdNews Op Eds

How to use those "Stagnant Pools of Government Money"

By       Message Martin Carbone     Permalink
      (Page 1 of 1 pages)
Related Topic(s): ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com

Author 24749
Become a Fan
  (1 fan)
- Advertisement -
Response to Ellen Brown,

Subject: Your OEN article, "The Mysterious CAFR's: How Stagnant Pools of Government Money Can Save the Economy"

Ellen, to build on your good idea ...

A Sovereign-Money Banking System can filter and refresh those "Stagnant Pools of Government Money"

Please consider the Sovereign Money banking plan at << http://www.primeronmoney.com/communitybanks.html >>

A single bank operating under this plan can be started almost immediately in California, operating under existing California and Federal Law. If it works well, it could be expanded into a nationwide system of 4,000 banks.

No new laws are needed on the Federal or State level.

I would suggest that the bank be started without depositors. Depositors simply do not make sense for a beginning bank.
- Advertisement -


It is a myth that banks need deposits to make loans. They can simply create whatever money is needed to make loans.

Would you like to discuss this further -- or would you rather that we simply work on our own?

A completely new banking system could be easily started. Without new laws or specific help by existing government at any level.

The only thing you need is support by common citizens.

I think the new banking system would simply crowd out the existing Federal Reserve System. Common people would likely switch to this new banking system because the New System would be better for common citizens
- Advertisement -


Let me know what you think.

Marty Carbone -- (martycarbone@ yahoo.com)

 

- Advertisement -

View Ratings | Rate It

Take action -- click here to contact your local newspaper or congress people:
Support the use of a New Sovereign-Money Banking System

Click here to see the most recent messages sent to congressional reps and local newspapers

Retired engineer, product and business developer, inventor (six patents). Currently (a) trying to completely understand our money and banking systems and (b) planning to pass that information to the American public. Photo is ca. (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Related Topic(s): ; , Add Tags
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Is cholesterol dangerous?

How to stymie corporate political lobbying and advertising

Solve our Home Mortgage, Money and Banking Problems through Community Banking Plan

How did Paper Money come to be?

I am Changing my mind on Fractional Reserve Banking

Questions About Money for the American Public