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The only problem is that we're discussing things that: 1) won't happen, because the U.S. Congress is what they are; and 2) won't help, because this mess is way beyond re-regulation. Rationalization - i.e., socialism for the monopolistic/oligopolistic elements of the economy - is the only solution that can offer progressive outcomes at this point. And that ain't going to happen without a real fight - not Apple vs. Microsoft.
I support Chris Cook's ideas in every way, except that they won't happen either at this juncture. We're just not evolved enough, however much some of the objective conditions call for his approach. paul spencer
I support Chris Cook's ideas in every way, except that they won't happen either at this juncture. We're just not evolved enough, however much some of the objective conditions call for his approach.
I think it depends on how the propositions are put across. And I don't think we actually have a choice, because the system of credit is terminally fucked IMHO.
First, Peer to Peer investment though unitisation offers a mechanism that wipes the floor with secured debt. Any bank or investor that does not use such a Debt/Equity swap mechanism to exit their crap loans will be at a disadvantage to those who do.
And the more who use it, the more liquid the "Pool" of Rental Units becomes.
Second, Peer to Peer unsecured credit which is interest-free, but not cost-free. What's not to like?
The Carnegie Institute liked the ideas....
Peer-to-Peer Finance: A Flight to Simplicity
Credit and investment may be achieved without the intermediation of banks. Since bank capital will be further depleted as the credit crunch spreads into the productive economy, peer-to-peer finance offers a solution from an entirely unexpected direction.
I'm actually still working on your/our principles. If you can help me find $300k, we can do the land phase of workforce housing in Carson, WA with a guaranteed 5% for investors. I'm good for $30k, and Steve N. might be interested. LLC with builders and suppliers at-cost for labor and materials with (reasonable) profit as their buy-in on the long term.
Another (producers') co-op project involves chipper, dump truck, and track-skidder for forest-health/fuel-reduction thinning operations cum woody biomass energy-source purpose. I'd diary that and several related topics, but I just don't have time at present. I'm going off to Texas April 7 for a visit, then driving back over 8 days. Should be able to elaborate then. paul spencer
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