*UPDATED** BEAT THE SYSTEM with the SYSTEM**LIBERTY BANK!!!
Why not start OUR OWN BANK - Liberty Bank of America.
Liberty Bank will then be used to fund our efforts to destroy the "BANK" that is destroying Liberty.
Beat the SOB's with the same tool they have been using to enslave us. Of course we would use our financial power to restore Freedom.
Think of it, LIBERTY BANK CORP where all those, around the world, that believe in freedom/liberty and understand the Bankers Scam can do their banking to beat the bankers.
We have over 100, 000 people signed up for the CFL, they can become the initial shareholders. Due to Fractional Reserve banking we can magnify our funds with loans to LIBERTY corporations/projects, Liberty- Insurance Company, Buyers Club(for the basic needs of Liberty Lovers at bulk wholesale), POLITICIANS, Media companies, etc.
DESTROY the SYSTEM with the SYSTEM.
Let's face it, the system is so corrupted the only way to get it back on track is with the same force that got us to this sorry state of affairs, Money and lots of it.
This is just the basic concept, I have much more to add but would like the comments and ideas of others on this proposal first.
***************UPDATE*****************
First, Thanks to those that have commented thus far even those throwing stones. I consider being called "NUTS" a badge of honor. Who else do "THEY" say is "NUTS"?
Second, this is a VERY SERIOUS proposal for ALL in our movement to consider seriously and act upon.
Third, at this point I merely wish to plant the seed of the concept in order to begin discussion, research, refinement and to begin spreading the idea to all corners of the LIBERTY movement. If you do nothing else please make as many as possible aware of this proposal as a Weapon of Mass CONSTRUCTION for the movement.
I hesitate at this point to go into much detail about this concept, which I have pondered for some time, at risk of stifling the creativity of the many talented and intelligent people that make up our revolution, however a few points must be highlighted:
IMPORTANT NOTE: As you read the points below keep in mind that the critical difference between the Liberty Bank and the Corruption Banks is the Corruption Banks use the funds generated "out of thin air" to advance an Anti-Liberty agenda, the Liberty Bank will use funds thus generated to advance a LIBERTY agenda. The ultimate goal being to end the system that allows money to be created out of thin air.
-The Liberty Bank will function within the "System" until the system is destroyed and then will provide Sound Money Banking services. Yes, that means it will loan money at interest and will utilize fractional
reserve banking but again only as a means to END fractional reserve banking. Think of it this way, we are in a war to the death with the bankers, we do not want to hamstring ourselves by bringing a knife to their gunfight. We will however be scrupulously ethical in our practices, within the framework of an unethical system.
-The Liberty Bank, while utilizing fractional reserve banking(the "SYSTEM") will absolutely operate at all times to remain completely sound/Five Star sound.
-I have so far used the term Liberty "BANK", we may actually form as a Credit Union(likely) or S&L.
-Anyone that is experiencing moral problems with the idea of us forming a bank that operates essentially as any other bank ask yourself the following question: Would you rather patronize a bank owned by the enemies of LIBERTY that operates under the current system(scam), supports the system(scam) and seeks to advance the system(scam) or would you rather have the choice to patronize a bank owned by Liberty loving Patriots that for a time(minimum necessary) operates within the current system(scam) as ethically and soundly as possible but at it's core is against the scam and seeks ultimately to destroy the scam and return to a SOUND monetary system.
-The Liberty Bank will aggressively seek to loan to/invest in Liberty advancing companies/projects with it's funds created out of thin air within the framework of the current system until ended and after such time with Sound money. However, while the LIBERTY BANK will do it's utmost to provide funding and other assistance to LIBERTY advancing companies/projects it will NOT merely toss money at uncreditworthy individuals/organizations just because they support Liberty. The Liberty Bank will be scrupulous at all times in their fiduciary responsibility to the Patriot/Liberty supporting shareholders and depositors of the Bank.
Here's my two cents
How about GMason08 identify himself and provide a CV to support that he has the requisite business experience and character to run a bank operation? This could be "Dr." Steve Parent all over again.
As to the question at hand, a fractional Liberty bank will not serve to protect any depositors' money because their FRN's are not money. They are fake notes, debt instruments that cannot be redeemed for anything of tangible value except other FRN's. Anyone who accepts them for goods and services thus takes a huge loss on them if the Ponzi scheme falls apart and it is happening now.
Therefore, chuck the fractional concept. It's a shitty idea. If you want to create a bank to "kill the bank," start up a depository bank that, as outlined by others, sells FRN's deposited for gold, denominates depositors' interests in such medium and charges transaction and storage fees. THAT's a liberty bank. Depositors should NOT lose claim to their deposits / gain interest in a loan portfolio as with fractional banks.
If you want to make loans, do it with your own money or let the liberty bank notify depositors of loan inquiries whereupon the bank can arrange a consortium of lenders from amongst such depositors and charge administrative fees. Those lenders would, however, have to charge a premium to borrowers for currency risk. Why? Because they would have to sell gold to buy FRN's that they would lend and the borrower would pay them back in, most likely, inflated FRN's that buy....LESS GOLD! So the lenders would lose money (real money) over loan amortization unless they charged a fee equal to the real rate of inflation.
Fractional banking is unsound banking. Forget about it because you can't preserve anyone's store of value that way.
Yours very truly,
Schvenzlerman!
Please
Read/Re-read all of my comments to this thread beginning with where I state this is NOT, repeat NOT!!! MY(gmason08) BANK!!!
If you read/re-read all that I wrote, which is for the most part only a rough outline subject to much change/refinement with a few exceptions (see above NOT MY BANK) and you are still a NO so be it. BTW, do you currently utilize the services of any banks?
Also, pleased to meet you. Why the ad hom? Attack the proposal all you wish and attack me all you wish. Just realize that the later adds no strength to any merits the former may have.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
We have a Liberty Bank here
We have a Liberty Bank here in Missouri. Believe me, you'll want to find a better title quickly.
"Real" bank
Why not forget about creating another insolvent fraudulent fractional reserve bank and work on providing the solution.
Open a "financial institution" (not a bank because they are highly regulated) that does 100% reserve services denominated in grams of gold and/or silver, provides mortgages denominated in gold/silver, etc.
We could right now today set up retail stores to accept gold/silver through places like goldmoney.com. Why create a new member of the problem when we can expand the use of the solution?
We Need an Alternative Banking System
Something of the nature is needed ASAP!!! We have got to establish an alternative to the Federal Reserve system of commercial banks that create money out of thin air through the legalized fraud of fractional reserve lending. I like the idea of Peer-to-Peer lending like the Prosperity website. You should only be able to loan money that has already been created, not lend money into existence!!
Ann in Florida
Why not use peer to peer lending?
Such as Prosper.
http://www.prosper.com/
Free and Brave
or Cradle to Grave
You can't have both
Free and Brave
or Cradle to Grave
You can't have both
There already is a bank named Liberty bank
here in CT. Heh, sorry, there's more ideas
like Ron Paul's Golden Fun House
Thanks for the info BUT
this is not about a Name it is about establishing a bank controlled by people that will use that bank as a tool to further the LIBERTY movement. An important part of that movement is to destroy the current fiat money/private central bank system that is destroying us/US.
BTW, I have a sense from your comment here that you may be some degree less than fully supportive of the LIBERTY movements goals? Heh; am I correct?
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
here are the names available
www.c4lcreditunion.com and www.revolutioncreditunion.com
http://killfiat.blogspot.com/
Bye to all for now
Please continue this discussion between and among all.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
I see what you're trying to do ...
... and all credit to you for putting in the effort, but I'm hesitant about the idea of using a system that we're trying to stop - specifically because it does not work - to try to stop the system that we'd be using. I do see your point - it's a great way to generate financial clout very quickly with a small amount of equity, but I think we'd be better served by looking at a sound money bank that would serve as a living demonstration of why fractional reserve banking is a farce. Beat fiat money with sound money. It's slower, but it serves multiple purposes and it means those patriots and liberty lovers who put up their precious cash would be putting it in safer hands.
How about a bank that takes your money, secures it by purchasing gold - like our system used to be - and then uses the incremental interest generated by the market value of gold to gamble with. So all deposits are safe and secure - at a level value in terms of market purchasing power, so no great growth, but inflation beating stability - then any value generated over and above this is used (either by leveraging or fractional reserve banking, or high yield high risk investments) to generate year end dividend profits for all its investors.
Would be interested to hear your thoughts on this.
=========================
Live Free or Die - Amen to that
=========================
Live Free or Die - Amen to that
kylefeenix
you raise an important issue that I wish to respond to fully when time permits; I expect to have that time by this time tomorrow, my bill paying job demands my immediate attention.
Two quick comments before I go.
1. I believe having a LIBERTY option among the scam banking system choices is more benefit than downside.
2. The ability to magnify our resources rapidly hastens the end of the scam system. How much time do we have left?
3. There is no reason why the Liberty Bank operating by the rules of the current scam system cannot simultaneously, support and invest in the Sound Money/Better Tomorrow Bank that you suggest and that I dearly wish to become the norm as soon as possible.
Regards,
gm
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
I think it is a great idea!
I don't know about how this can be done across state lines. Maybe this is not a big issue?
Roger Hermann
Chicago, IL
Roger Hermann
Chicago, IL
Here's what you do:
How to start a credit union
1. Find something in common. Credit union members are a collective group having a common bond:
Occupation -- Employees of the same company.
Association -- Members of a professional and trade association, fraternal order, labor or church group.
Community -- Residents of the same well-defined neighborhood, community or rural district.
Income -- Low-income members can contact the National Federation of Community Development Credit Unions. Click here for more information.
2. Get together. As a rule, a "yes" vote by 500 potential members warrants continuation of the process to form a credit union. The National Credit Union Administration requires that a credit union with fewer than 3,000 potential members provide more evidence of support, since only about one-third of potential members will join and credit unions with less than 3,000 members may not be economically justified. Survey your potential members to determine whether they have an interest in supporting a credit union.
3. Do the paperwork. You should order the Interpretive Ruling and Policy Statement 98-03, which redrafts the NCUA's Chartering and Field of Membership Manual. The NCUA also has material on how to start a credit union. You may obtain this document from the NCUA's Web site.
4. Meet the membership requirement. If you want to discuss your potential field of membership, you should contact state or federal regulators. You must ensure that your survey covers a defined membership group and meets the definitions as required by state and federal regulations. It is suggested that you get your proposed FOM in writing.
5. Find a financial expert. A CPA or a person with a strong financial background needs to be on your organizing committee. This person will be responsible for developing realistic pro forma financial statements based upon your survey responses and the degree of sponsor assistance you will receive.
6. Form a committee. Your organizing committee should be comprised of individuals with very good credit. Both the state and federal regulators will obtain a current credit bureau report on each organizer and will take a dim view of a bad credit bureau report. Furthermore, the state will not allow someone who has had a bankruptcy within the past seven years to participate on the organizing committee or in the future operation of the credit union.
7. Set up a board of directors. The board is responsible for the general direction of the entire credit union, and its members should be able to understand the general and social environment in which it operates.
8. Collect some money. To help the credit union offset the cost of enrollment forms, a membership fee (typically $5) is charged. Additionally, each member is required to purchase at least one share (usually at a cost of $5 to $25) to help provide a base from which loans can be made.
9. Get by with a little help from your friends. It is recommended you obtain assistance from a credit union consultant in your area. This service is provided free of charge and, by utilizing this service, it will make the chartering process simpler and less time-consuming, since the consultant will be familiar with the necessary paperwork that must be completed.
10. Apply for status. Petition your state's Comptroller's Office or the National Credit Union Administration for official status.
PUT UP A WEBSITE THAT COLLECTS PLEDGES AND E-MAILS. WE CAN USE CAMPAIGN FOR LIBERTY as our common ASSOCIATION. ONCE YOU PUT UP A WEBSITE AND COLLECT THE NECESSARY PLEDGES THEN YOU CAN SUBMIT THE PAPERWORK. I SUGGEST YOU CONTACT GARY FRANCHI at garyfranchi@aweber.com to get RESTORE THE REPUBLIC ONLINE WITH THIS PLAN AS WELL.
http://killfiat.blogspot.com/
jshowell
Thanks for your very constructive input. You may have seen elsewhere in this thread that I stated that the form the "LIBERTY" Bank will likely take is that of a Credit Union. At least that is my view thus far based on many advantages of going that route. However, I am personally not yet prepared to advise that course until further investigation and input regarding the pros/cons of the Credit Union route vs Commercial Bank is completed.
Thank you very much for the obvious considerable effort and thoughtfulness of your comment.
******FOR EVERYONE***************
PLEASE NOTE the following important points regarding this effort:
MOST IMPORTANTLY-This is not my bank, this is OUR BANK, the bank of RON PAUL REVOLUTIONARIES and anyone else that supports requiring our government to follow the Constitution and a return to Sound money monetary policy.
Because this not MY Bank but rather OUR Bank it is also not my project alone nor am I the Leader of this effort. I wish for others that feel as I do that this is a critical element required for the ultimate success of our movement to step up and take equal responsibility as partners/co-leaders to advance this effort through all the necessary stages of a difficult but far from impossible project.
I have my own general concept of the final goal and how to get there which is far from being finalized. Each of you are encouraged to participate in refining both the final goal and the path to that goal. In fact that is an important part of this concept, that the community of Liberty will be full participants in creating and operating the Bank of Liberty. While all in our movement will always be welcome to influence the use of this tool, of necessity we will be required to obtain the services of qualified and seasoned banking professionals to manage the complex day to day operations of a bank that we will oversee through our LIBERTY vetted Board of Directors. Hopefully, all the professional skills required can be provided by individuals fully dedicated to our goals.
Finally, I think we should at this time focus our efforts at this stage primarily on spreading the word and identifying supporters of this
proposal, the establishment of a LIBERTY BANK, and secondarily continuing the process of refining the what, where, who and how. The WHY of this critical effort should already be exceedingly clear to all.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
If you're serious
then put up a website. Here are the sites available:
www.c4lcreditunion.com, www.c4lbank.com, and www.revolutioncreditunion.com (libertybank and libertycreditunion are already taken).
I've looked into this years ago and it is ALOT easier to set up a credit union because you don't need a huge amount of captial-and we already have the people.
Act on this fast though because we don't have alot of time. I would do this myself, but you put the idea up there and I don't have enough time.
http://killfiat.blogspot.com/
The right track
Sounds great if we've got some bold and experienced bankers among us. The expertise has got to be there. But yea, count me in!
Sovereign governments need to be
reminded that they can create money without borrowing by just printing up currency. I would much prefer that my county print up currency and pay cash for a new building rather than float a bond which would cost me millage over a number of years for the interest.
The US Treasury could monetize the national debt and save us all the interest slavery. A reasoned argument for this is at http://webofdebt.com
Famous Quote from Justice William O. Douglas
"The Constitution is not neutral.
It was designed to take the government
off the backs of people."
Famous Quote from Justice William O. Douglas
"The Constitution is not neutral.
It was designed to take the government
off the backs of people."
They have monetized the national debt
They're called T-bills.
When it's ready, I'm ready
sign me up
chinkadaro
Local Currency for the Berkshire Region of Massachusetts
What about this type of system?
BerkShares are a local currency designed and issued for the Berkshire region of Massachusetts.
According to the BerkShares website, residents purchase BerkShares at 90 cents on the dollar from one of eleven branches of five local participating banks. Businesses then accept BerkShares at full dollar value, differentiating the business as one supporting the BerkShares values' of local economy, ecology, sustainability, and community, and creating a ten percent discount incentive for those using the currency.
BerkShares can then be used by accepting businesses to purchase goods and services from other participating businesses, make change, pay salaries, or support local non-profits, increasing the local economic multiplier effect and keeping value recirculating in the region. If businesses have an excess of BerkShares, they may also be returned to a participating bank for an equivalent of 90 cents per BerkShare.
Over 70 area non-profits currently accept BerkShares for donations. Participating banks provide BerkShares with eleven brick and mortar offices where residents can exchange dollars for BerkShares and receive more information on the project.
http://www.berkshares.org/localcurrency.htm
Who Governs the Governless?
--------------
Regarding Palin: I believe we are watching in real time the rise of the third party, which will be controlled by the powers that be from its' inception.
Next Scam: "Cash For Cash"
http://www.RonPaul2012.com
IPsecure
I appreciate your input. I am familiar with such arrangements, there are many similar ongoing throughout the country. I like very much the local aspect of such arrangements, i.e. supporting local businesses rather than "stateless" businesses. Also, such arrangements are certainly simpler to establish initially than a "real" bank with "real" currency and the ongoing regulatory requirements are also far less complex, both being definite pluses.
However, the overiding goal of this effort is to provide those with an agenda of LIBERTY with the same powerful tool being used by those with an anti-liberty agenda against us. Our tool must be as close in power as theirs. This sadly requires us, forces us, until such time as we use this and other tools to change the rules of the game back to those laid out in the US Constitution, to play by their rules. While the Liberty Bank would certainly be strongly predisposed to support local businesses, we must use FRN's to destroy FRN's anything else will needlessly hobble our effort from the outset. I hope you understand, if not I can further support the rationale.
Again, thank you very much for your input and interest.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
gmason08 - Agree, Sign Me Up!
Here is another idea I floated a while back... For what it is worth, here it is...
Pre-Printed 'Ron Paul' Checks? 'Spread The Message!'
Does anyone have a check printing company, or know of one, that can pre-print checks, with Dr. Ron Paul / Constitution / Bill Of Rights on each check?
Maybe several different versions?
Quotes from the good doctor?
Excerpts from 'The Revolution: A Manifesto', and other books by Dr. Ron Paul?
Quotes from the Founding Fathers?
What if every Ron Paul supporter used them?
How many companies, clerks, banks would see these?
I believe it is time to 'Spread The Message!'
Who Governs the Governless?
--------------
Regarding Palin: I believe we are watching in real time the rise of the third party, which will be controlled by the powers that be from its' inception.
Next Scam: "Cash For Cash"
http://www.RonPaul2012.com
http://www.uniquechecks.com/
They let you design your own checks from an uploaded picture.
~~~ Citizenship is not a spectator sport! ~~~
Penfield, Monroe County, New York
I have a design that fits perfectly on the uniquechecks
www.hideyourride.com/revolt
Explore Orthodox Christianity
That is an excellent idea you have
my friend. Adding to your examples: directing folks to view the "Money Masters" or to read "The Creature from Jekyll Island". Great idea!
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
Count me in
Lets do it.
I am still
in.
Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine
The R3volution requires action, not observation!!!!
Thanks very much
for your support tog2476.
This effort to establish a bank to "Kill the banks" will not have an impact on our immediate priority of killing this Bailout scam(unless the PTB's get wind of it and it scares the **** out of them :D ). However, it will provide a very important long term tool to advance our revolution toward ultimate victory and will assist ordinary people to prosper, an alternative to being an unwilling pawn advancing the schemes of the globalist elite.
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in
All DP'ers
Please take a moment to indicate whether or not you would consider supporting (investing and/or maintaining an account) with a "LIBERTY" Bank, a bank owned and managed by us, Ron Paul supporters. Additional comments regarding this proposal are very welcome but as a minimum please indicate a simple yes or no. Also, if you wish to assist me in promoting this concept and laying the groundwork to bring this to fruition, please indicate so here, as well as, indicating any special skills, education or experience critical to this effort.
My sincerest thanks to all of you for your ongoing selfless sacrifice to return individual Liberty to our nation.
gm
"You are a den of vipers and thieves."
I mean to rout you out!
-Just because you are among us, does not make you with us
-The door is wide open, anything can slither in