 |
FED FUNDING OF THE USIFHMC
FED FUNDING OF THE USIFHMC
=================================================================
Instead of the Federal Reserve Bank (FED) printing million dollar checks and issuing them scot free to the primary securities dealers as it does now, the FED could simply print and issue million dollar checks at NO COST TO TAXPERS to the USIFHMC so the USIFHMC could provide interest free home mortgages to the American people. It is merely an internal accounting process at the FED. Bookkeeping entries.
When the U.S. Secretary of the Treasury issues bonds to the FED the FED could give the money it prints to the USIFHMC instead of giving the money to the securities dealers. Then when people who borrow money from the USIFHMC repay their loans the USIFHMC could pay off the bonds. This method of funding the USIFHMC would cost the taxpayers nothing because the borrowers could pay a small service fee to cover the costs involved in these transactions.
If the FED does not want to do this then there is even a more simple way to fund the USIFHMC. The President could issue an executive order to the U.S. Secretary of the Treasury ordering him to issue government printed money (the way Abraham Lincoln and John F. Kennedy did) directly to the USIFHMC at NO COST TO TAXPAYERS. For details click on the NATIONAL FUNDING link below.
======================================================================
The cost of printing money is almost zero. So, why should the bankers who print the money they loan profit from your debt and interest when the government could print the money interest free, debt free, and tax free, and issue it to the USIFHMC to make interest free home mortgages available to all hard-working American home buyers? Interest free home mortgages will save hard-working Americans hundreds of thousands of dollars in interest over the length of their home mortgage loan which will put hundreds of thousands of dollars of extra inflation free spending power into the pockets of every hard-working American who gets an interest free home mortgage loan. This will provide a tremendous impetus to the shift from a military based economy to a consumer based economy. As long as a one to one ratio between the production of goods and services and the total quantity of money is maintained monetary inflation is impossible. In order to do that all the Federal Reserve Bank needs to do is to adjust bank reserve ratios upward in proportion to the amount of money issued by the USST to the USIFHMC and to control flows of foreign money coming into the United states. There is absolutely no reason why monetary inflation can not be both macro managed and micro managed. Indeed, there is absolutely no reason why the United States government can not make interest free money available to the USIFHMC so every hard-working American can purchase a home interest free.
======================================================================
There are also State, County, and City alternatives for funding the USIFHMC. For information about State, County, and City funding of the USIFHMC click on the ifhmic email link below and request information about State, County, and City funding alternatives.
NATIONAL FUNDING of the USIFHMC
FED Funding of the USIFHMC
PRIVATE Funding of the USIFHMC
What You Can Do
Other Interesting Links
United States Interest Free Home Mortgage Corporation Home Page
Send E-Mail to: ifhmic@leaco.net
Copyright © 2008 . All Rights Reserved