Job creation

[grandpa]

If the state could work out with the banks as
to how to facilitate more loans, I am sure that
the poor will capitalise.
The loans could ba set up through the police station,
where they get a credit worthiness from the police.

I say to that, why police stations? It doesn't seem an appropriate place for a 12 o'clock meeting for a bank loan. I often do wonder where you're coming from, but also question where you're going.

Grandpa h.

[Charlatan]

I didn't mean the loan is done at the poilce station, I meant that the police do a asset assurance for the bank.

Now when we have the need for a loan to get a new business going, we need to have a loan system that accomodates the poor business entrepreneurs. What does it cost distance learning to have students? Why not make that free for three years? There will be a backlog of people with skills then, and with those degrees they can get loans. It is that simple!

If you take into account how many people will apply for this once off thing, then you will see that reducing rates will compensate the university in terms of bulk money coming in. Or...

There could be a dual loan. The first is for education and the second is to get the business off the ground, from the bank of course. This could also be done by the state and then there will be a surplus of skilled people starting thier own businesses, employing those that did not recieve this great advantage in later years.

How does that sound?

[grandpa]

I didn't mean the loan is done at the poilce
station, I meant that the police do a asset assurance
for the bank.
Now when we have the need for a loan to
get a new business going, we need to have a
loan system that accomodates the poor business entrepreneurs.

Assuming you could get the bank to release more money and assets, of course. Saying banks are simply out to help people is a bit naive. It's like a military targeting large cities, then saying "We do not target civilians."

Banks are seeking special privileges all the time.
For example, The Financial Services Modernization Act of 1999 was cititicized for weakening the CRA: "First, 'satisfactory' CRA rating is not required in order for
financial institutions to enjoy the new powers
afforded to them by the legislation, thereby allowing
banks to exercise their privilege, even if they are not
meeting the credit needs of the communities where they do
business.
Second, banks receiving a 'satisfactory' CRA rating would
be given a 'safe harbor' from public comment on CRA
performance."
1999CRS4736A FINANCIAL SERVICES MODERNIZATION ACT OF 1999, Part 7/8 - gov.us.fed.congress.record.senate | Google Groups

Grandpa h.

[Brian]

Smartphones for everyone! Then all the business that makes it happen. Job creation, voila!

[kathreeds]

Well I thing gearing up entrepreneurship will help people grow better living standards

[grandpa]

Well I thing gearing up entrepreneurship will help people grow
better living standards

It depends on what "growth" entails. Keep in mind, Hitler struck a chord in the German people, and their economy actually did improve.

Anyway, the real key to betetr living standards is obvious: Reduce or eliminate capitalist ownership. It's also the key to quality retirement for all.

Grandpa h.

[ChimneySweep]

Buzz82

:Someone please tell me this is all just a joke?

Speaking as one from a cold little house in a Hooverville shantytown, no.

[grandpa]

Speaking as one from a cold little house in a
Hooverville shantytown, no.

Who needs time-travel to see the Great Depression?

Grandpa h.

[spfldnet]

Watching CNBC today someone mentioned the need for "consumer confidence" but never once mentioned the word "jobs" in connection with consumers, like they refuse to admit that most consumers must have jobs in order to consume. Such a clear ideological omission must be deliberate, correct? CNBC appears to have developed a written guide of terms to avoid in juxtaposition controlled by the producers.

Occasionally, however, a guest on a show will state the obvious. Then the flustered panel of hosts will quickly ask another question or change the subject. I would love to create a montage of video clips for when this happens. Unfortunately my time is otherwise occupied.

[Charlatan]

What we need to do is find something with unlimited demand, something like sex or sport. If we could identify this 'thing', if it exists, then there will be unlimited growth potential.

Now, seeing as how that thing probably doesn't exist we need to start at the bottom. People can only buy things if they have money. I they have a lump sum they can only buy things once, then save thier money, but if they have a job, they can buy these things frequently, or at least when they need them.

I previously suggested a controlled stimulis to the economy coming from hand outs. If the state controls how much money it has, it should just hand money out. I do not mean they should hand out so much that people won't work, but rather they should hand out enough for low income families to have more without upsetting the economy.

Now it seems my stance has become raising the minimum wage to thousands of dollars a month. If this was done then everyone will be abl to consume or save thier money. This means that the economy will be saved! Guaranteed!

If one person earns millions a month, and a hundred employees earn thousands each a month, then the employees will earn milions between themselves in that month and then they wil be able to spend and buy all the things they want. Giants like apple and car dealers will be able to - while at the moment they have staggering amounts of money - grow even bigger, supplying more jobs for the poor, and coining it more. If everyone still doesn't have a job, the economy will be safe and growing at a great rate. Think of one mercedes sale versus a hundred mercedes sales? Think of all the garages that will open to service this need? Think of all the electronic front loaders that will benefi? All these things are tied together, but so long as only one mercedes is sold a year instead of a hundred, that means less taxes collected, less investment, and so on.

So raising the minimum wage by three times of so, but even better about seven times, the country will benefit. The only people that won't benefit will be the super rich, or, the global minority of consumers and tax payers. Think of all those people staying in trailer parks? There will be a huge demand for houses at least! Then that market will take off, with people moving all over the place and the banks can invest in solid customers.

[Charlatan]

Okay, how about a fishery for those near rivers? All they need is two fences and a bit of 'fish food', or horny making chemicals for the fish.

We could develop this horny making chemical by observing fish and finding the reproductive system of the fish. Find what makes the women lay eggs, and find what makes the men horny. This would feed a lot of people along rivers - yes?

Now what do you need besides food? How about soething to drink? If the people were given chemicals for purifying water they could build a huge plumbing system on the riverbanks and get water.

Now these are not jobs, but they will feed the family.

[Charlatan]

Back to tools. If we were to get the banks to buy tools and form a business for the tool, they could employ who they wanted to use the tool. This would mean they own the tool but not the person, or both, as they see fit.

There must be a way to get the banks to invest in tools. I know there are small business loans available. Instead of using bail outs for big companies, why don;t they use that money to buy tools and spread them far and wide? The state could buy used tools and lease them to operators that would use them to support themselves.

The best way out is to get the family of the person to buy the tools for them. If this were to happen they would be fully fit to support themselves.

If the banks were to get involved in small business loans to a greater degree, they would see the country flourish. What the banks could sell the people or state in exchange for these loans is social work, where they need people. The state could easily employ these people - failing loan repayments - into paying the bank back by community service work.

There the poor saps have something to offer the banks, or...

They could employ themselves to doing the community service work at a fee. This would mean an increase in taxes, but, I am sure tht everyone can afford a meesly one percent hike in taxes...