Responsibility, Banksters, and Hope

This an unplanned essay, but we hope to soon release a booklet on the same topic. More adept analysis has been done by other people, but my focus is on how the general, non-technical person could, and in some times and places does, benefit[1] (or suffer) from modern banking practices.

Responsibility

“Those who shrink from responsibilities keep on shrinking in other ways too.” — a quote from one of those “quote of the day things”[2].

Banksters (my name for the gang of unethical bankers) shrank away from the responsibility of fostering a fair, sustainable money system.

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Capitalizing on debt (general idea)

Currently, student loans are a big problem in America, because they are “super debts” which survive personal bankruptcy, and may even impact on the families of those who were coerced into taking the loans. The coercion is debatable, but the whole situation is similar to how the economy of Haiti was depressed for 200 years (until 1995), and the general lack of detached empathy to solve the problem for the “victims” is likely to make the problem last for a longer time than we might anticipate.

However, there is an idea which occurred to me: could and individual or small group form a corporation, buy a personal loan by an issue of bonds, and then assume that debt? Especially in the case of student loans, this would allow refinancing them without needed to either default or be worried about fees.

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Poverty and Prosperity

If you are reading this, then I might be a little bit dead. I’ll be back, but we should all be concerned a bit.

In the past, I did a few articles ahead, so that if I got busy or something, you would still have something to read. However, I fell ill for such a long time that the backlog got exhausted. If you want to know what I’m sick with, it’s poverty. In the modern world, the lack of money is the fruit of the rapacity system, and the cause of great evils. The cure may be prosperity (or “life more abundantly”), but the weird thing is that many people have dedicated what remains of their life to spreading the disease, perhaps out of ignorance.

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Fourth Edition

Since we, like all growing human beings, fail a lot before we succeed, the Fourth Edition of “Joy of Thinking, Part 1” is still available from lulu, as a PDF, for only $2.99. It looks like you can also get it as an epub, via this link. This should allow you also to get it for electronic readers on other stores, will update after we investigate more. (Reasons to buy are still the same as the Third Edition 😉 )

Comment if you have any problems in the meantime; will update when the next minor revision is out.

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