700 Billion Dollar Bail Out Plan Where did it go?

[ForrU2Cry]

This had many responses and many ideas and shared opinions. Why was it deleted or removed? I can not find it, and wanted a couple of the links on it. It is very discouraging when something of this importance was removed with no consideration for the community responding to situation.

[Rob Tucker]

I set it aside for the moment to look it over and determine if it is excessive in it's departure from the Keep It Hawaii policy on this forum.

I will return it for the present while I consider the subject.

Punaweb moderator

[ForrU2Cry]

Thank You for responding so quickly. I appreciate you looking it over. Even if it needs to be locked. It should still beable to be read upon. It does have a link to what is happening here in Hawaii.

[LeeE]

What do you folks think of this idea?

<http://rense.com/general83/savethe.htm>

How To Save The US Economy

"...An entirely new paradigm is needed. This can be provided through dividend-based economics like the Alaska Permanent Fund, the 2008 tax rebate stimulus, and the basic income guarantee (negative income tax) discussed during the 1960s and 1970s.

Following is the "Cook Plan":

1. Non-taxable vouchers should be issued at the rate of $1,000 per month per adult and $500 per month per child which may be used for food, housing, fuel, communications media, utilities, and educational services provided at outlets within the U.S. Distribution of vouchers may be delegated to state and local governments.

2. Vouchers will be deposited by service providers and vendors only in a new network of local chartered savings banks-one for each county in the U.S. Deposits will be made to the bank in the county of the local point-of-sale.

3. Banks will lend locally at zero-percent interest using voucher deposits as capitalization. The banks may create loans at a 1:10 reserve ratio with borrowers paying administrative fees only. Borrowers must provide a 20% down payment as collateral or purchase default insurance at 2% of the loan principal.

4. Lending will be made only to business entities, including family or commercial farms, operating from an established location within the county.

This system will create a grassroots "bottom-up" economic infrastructure to parallel the "top-down" Federal Reserve System which is collapsing. Transfers between local savings banks and the banks of the Federal Reserve System will be denominated in U.S. dollars with vouchers redeemed within the banking system.

The system could be implemented within a matter of weeks through seed-money provided by the federal government. It could be replicated by any other nation.

It is requested that readers give this plan the widest possible distribution.

Copyright 2008 by Richard C. Cook

Richard C. Cook is a former U.S. federal government analyst, whose career included service with the U.S. Civil Service Commission, the Food and Drug Administration, the Carter White House, NASA, and the U.S. Treasury Department. His articles on economics, politics, and space policy have appeared in numerous websites and print magazines. His book on monetary reform, entitled We Hold These Truths: The Hope of Monetary Reform, will soon be published. He is the author of Challenger Revealed: An Insider's Account of How the Reagan Administration Caused the Greatest Tragedy of the Space Age, called by one reviewer, "the most important spaceflight book of the last twenty years." His website is<www.richardccook.com. Comments or requests to be added to his mailing list may be sent to EconomicSanity@gmail.com. Also see a series of his speeches on YouTube athttp://www.youtube.com/user/GracchusJones."

Aloha,
Lee
http://members.cruzio.com/~lionel/event

[Rob Tucker]

I think such position papers are best posted in Washington D.C. somewhere and probably already are.

Punaweb moderator

[LeeE]

Rob, True enough.

I was thinking that this type of financing could support local farmers, residents and new business formation in Puna.

Aloha,
Lee
http://members.cruzio.com/~lionel/event

[Greg]

Here's a graph that shows where our 700 Billion dollars is going.