Waving the Wand

Without construction, like housing , which creates at least ten jobs, we are in big trouble. Job creation equals housing demand,. The banks better stop worrying about stuffing their money in their mattress and start lending to get the cogs moving again. If they don't, yes they will stop deflation, but the pendulum will swing to far and then we are going to be stuck with inflation or even hyper-inflation.

Hello,

I agree, the lack of funding reduces the chance to move ahead. I started my own company in DEC-2007 using my own funds. We just made two years on the 8th, it's not easy but nothing comes easy. I am a big fan of Trump, because they are willing to share their ideas on how to gain wealth, and to manage it. I hope American banks will go back to lending and keep things rolling for all rich or poor.

Larry Johnson
CEO
GSI - Generator Services Int'l , Inc

I find that waving the wand is a very useful exercise because it shows people a way- sometimes they don't take you up on it- but telling people what you would want if everything- even the impossible- happens the right way- often opens opportunities. What we really need is some competition in the lending market- so that when the big guys don't lend, the dam doesn't get stuck. I'm thinking of the micro-loan model. Someone could do well with such a model for small business- if there were a way to manage the risk.

Isn't it ironic. It was subprime mortgage that got us in this mess, and now, loans are the only tools that can get us out of this mess.
(Bad) loans got us in this mess and loans will have to get us out of the mess. It's like fighting a war to end a war...

Getting loan from the bank is less efficient than marrying the guy named Donald Trump to have the house built for her in the states.

Using borrowed money from the banks is what put many people into financial debt in the first place.
A Bank's mission is to profit by using other people's money. This has always been true, and it probably won't change any time soon.
If you go back to the early days when America was first getting organized, neighbors helped each other build homes. There was homemade food that was prepared and served to the workers with a feeling of joy. Children helped out, and everyone felt good because they contributed to a worthy project.
When the Industrial Revolution convinced individuals it was better to work in the cities rather than work in the fields growing food, the Spirit of Community changed.
Now, it is common for people not to know their neighbors, or interact with them in business matters.
The friendly Mom and Pop stores who provided tools, clothing, household goods, and novelties are rapidly being replaced with huge corporations who don't really know you by name, or care about you as an individual or family.
You can't blame the banks, government, or corporations for the mess we now find ourselve's in.
Where you place your values is the real problem.
Every individual makes choices. Being in a Community where people help each other and support group efforts is rare. Saying Hello! to a neighbor and addressing him or her by their first name is even rarer. Allowing people to value a specific religion without insult or oppression was our founding father's intention. Yet many Catholics and other "religious" people don't even attend church once a week. They would rather sleep late or do something else instead.
If we consider our misfortunes an act of someone else, we only need to look at why thinking people are following the wrong leaders.
There's nothing wrong with a small community bank or credit company that provides lending for tools , equipment or supplies that members of the community use. Paying back the loan is not only honest, but makes these loans sustainable. There's nothing wrong with being a good parent and participating in your children's school activities. Yet too many mothers are busy at work and too tired to go to events when they return home.
Corporations still depend on people not just machines and technology as some would like to believe. It's up to the workers to determine what hours they are willing to work so they can do other things like watch their children grow up in person, not over the mobile phone.
If people really want change, they don't need to rely on the government to "fix" things. Private companies have been building roads for generations.
What we need is to take back the power of the people and make sure that all our elected officials are really working for "We the People..." and not building their ego and stuffing their pockets with special interest and taxpayers money. That's the kind of change we really need. Honest leaders in government, banking, the media and print, medicine, science, the CEO's of large corporations, and organized religions.
Then we could be telling other countries "how we did it." with cooperation not unnecessary wars.

when listening the radio on the bus this morning (10 December) , I've just listening the news that there will be a new tax for Bank . Name it BATO?
This tax can protect more the tax of people .

So take the tax, or loan from the bank as you say :). Main thing is the money flow should be bigger.

Best regard

bestlinh
www.bestlinh.com

When banking started, it was small, local, neighborhood banks. Now, many banks are international. This removes the direct investment in community. We have given the banks a tremendous amount of power. What do you propose we use as leverage to demand they make loans?

Tony Robbins said the definition of insanity is continuing to do the same thing and expecting different results. If we want a different economay, we have to change our approach. You know, Mr. Trump, it seems to me, there is opportunity in this situation. The problem is, to prime the pump, money needs to move. The banks aren't cooperating. So banks are the old way. What new creative solutions can we generate besides bank loans? Barter, employee investment, community business development pools, community business fundraisers? As for realestate purchase, we can always go back to rent to own, or land contract. I would love to hear your ideas.

What did people do before there were banks? My ancestors owned a great deal of land, and in order to pay wages to farm the land, my great great grandpa used a candle to see and stayed up into the wee hours making a few pairs of shoes each week to sell. Where there is a will, there is a way, and if there is a demand, wise business can prosper.

Behind this following link are the latest news from CNN Money.com where President Obama says to banks: 'Rebuild our economy'. Very interesting article indeed.

http://money.cnn.com/2009/12/14/news/economy/Obama_bankers/index.htm

recently they announced at CNN that US Banks (Citi, BOA,.) have paid back almost half of the government loans ($135b of $250b have been paid back) ...

At the same time Citi for instance is among the 3 banks who have heavily invested in Dubai.

Dubai is almost going to chapter 11 ...

What I don't really get, HOW CAN US Banks (as Citi) pay back government loan when they are falling apart because of the Dubai investment.


I believe we have reached The Eye of a Hurricane .... Among The 3 Banks that have most invested in Dubai are , ABN (Europe) and Citi (US) ...... There are no way Dubai will be able to survive out of this debt ...

non of the neighbor countries are going to help UAE out of this ...

To summarize it.... Middle East (Dubai) - Europe's largest bank ABN - US largest bank (Citi)
Can all three be gone over night like Lehman Brothers ?????

People Sit tight ..

The contraction of credit is good because will eliminate the gross misallocation of capital that went into the housing market. Ultimately this will make housing more affordable, even though will kill speculators and overleveraged borrowers.


Sincerely,

Paul
http://www.yourloan.ca

" If I were a Bank ", oh... Thats right I am a bank! So here's what we're going to do. The deflating Dollar has increased the Gold market ( Currency Risk Moderator ). All banks are persueded ( additional tax payer commitments to fund ) to purchase an amount of Gold, lets say for every dollar pumped back into the banks securities they have to buy $.25 worth of Gold. As this pushes the Gold demand higher, deflating the Dollar more ( more money in gold than currency ), the $.25 will grow exponentially. Wait until a value return of 5 : 1 is reached then pay back the commited funds to the taxpayers in the form of interest free loans ( remember these dollars are returning taxed dollars that we invested ). This way the Bank makes money on both sides, the taxpayer makes money on both sides, companies are created and expanded, people are back to work ( save this time ), the enevitable yet to be seen inflated interest rate will come down as supply and competition floods, simultaneously the consumer frenzy will reform leading the way for another cycle. Lets get one thing clear... Banks will not lend the money ( taxpayers vested Dollars, otherwise known as BK remediation money ) out unless they have guarantees of making that money back with interest. So, let's give them a reasonable guarantee in exchange for liquidity. They have the money...we want it, now we must lube the gears! Lets get creative and wave a magic wand! " If you were a Bank ", Post your solutions. Thanks