Archive for the ‘community bank accounts’ Category

We Can End Poverty in Our Lifetime

February 22, 2013

Science has proven that people are happier to give to others than to buy for themselves.  That suggests that if we find a way to end poverty, we will be glad to follow through. Here is one idea. It is followed by two links: 1, science story on how we feel happy when we give, 2. How the money for a US war could end poverty in the US.

Time to End Poverty, Here is the way, Costs Nothing
Let’s collectively end poverty on the planet. What is needed is both a will and a way. The will is up to each person, but the way – a new way built on micro loans – is easy.

1. Set up CBA’s, community bank accounts. A government, or any group of investors, or any interested individual can set it up. They put money into a community bank account, and the interest goes to the community. The capital is never spent. Plus the banks have money to loan to the community.

Rules:
The money or capital that is invested in the CBA’s is never spent. Thus this doesn’t cost a penny ever.
The interest on the money – that comes in every month forever throughout time – goes to the community. It empowers them to improve their community any positive way they choose. Monthly the neighborhood meets and determines how to best spend the money to resolve the problems of that neighborhood (or community, or small town).
There are checks and balances to make sure they use the money wisely. Depositors can remove their capital if they don’t approve of how the interest is spent by the community. The community must openly show investors months ahead of time, how they will spent their interest to help the community

For any bank to get the large account it must agree to only loan that money to that neighborhood or it will loose the account and the investors can take their money to another bank. Thus benefits are doubled.

Therefore no capital is EVER spent, the INTEREST on the money comes in every month this year, next year, and forever and ever and ever. The interest on the money empowers the community (or county or state or any selected group) to resolve their problems, not with charity – which all hate – but with investments. The account allows the banks to make loans to that area as well. Thus the money becomes twice as much – it generates interest, and it allows the bank cash to loan.

LINKS

http://www.sciencedaily.com/releases/2013/02/130221104357.htm

How To End Poverty, and do it without spending one cent – Community Bank Accounts

September 1, 2011

Let’s collectively end poverty on the planet. What is needed is both a will and a way. The will is up to each person, but the way – a new way built on the micro loans idea – is easy.

1. Set up CBA’s, community bank accounts. A government, (or any group of investors, or any interested individual) can set it up. They put money into a community bank account, and the interest goes to the community. (Some could go as return on the capital depending on the agreement.) The capital is never spent. Plus the banks have money to loan to the community.

Rules:

The money or capital that is invested in the CBA’s is never spent. Thus this doesn’t cost a penny ever.

The interest on the money – that comes in every month forever throughout time – goes to the community. It empowers them to improve their community any positive way they choose. Monthly the neighborhood meets and determines how to best spend the money to resolve the problems of that neighborhood (or community, or small town or county).

There are checks and balances to make sure they use the money wisely. Depositors can remove their capital if they don’t approve of how the interest is spent by the community. The community must openly show investors months ahead of time, how they will spent their interest to help the community

For any bank to get the large account it must agree to only loan that money to that neighborhood, or it will loose the account and the investors will take their money to another bank. Thus benefits are doubled.

Therefore no capital is EVER spent, the INTEREST on the money comes in every month this year, next year, and forever and ever and ever. The interest on the money empowers the community (or county, or state, or any selected group) to resolve their problems, not with charity – which most hate – but with investments. The account allows the banks to make loans to that area as well. Thus the money becomes twice as much – it generates interest, and it allows the bank cash to loan.

This video shows how the money used for a single war, could eliminate

all poverty in the US.

Tom Hendricks
(editor of the 18 year old zine Musea)
http://www.Musea.us
ZINE, Named one of the best ZINES by UTNE magazine. Featured on ROCKETBOOM)
http://www.Hunkasaurus.com
MUSIC, 5 full CD’s of free Post-Bands Music)
http://www.Musea.wordpress.com
BLOG for Musea, Art Contests, Weekly E-mail Messages)


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