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NATIONAL FUNDING OF THE USIFHMC
USST = United States Secretary of the Treasury
USIFHMC = United States Interest Free Home Mortgage Corporation
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All that is needed to make the USIFHMC a reality is for the President of the United States to issue an executive order to the USST the same way Abraham Lincoln issued interest free, debt free and tax free money (the Lincoln "greenback dollar") and the way John F. Kennedy issued executive order 111.10 (silver certificates). The accounting process to fund the United States Interest Free Home Mortgage Corporation is really quite simple: Instead of the USST giving bonds to securities dealers, the USST gives interest free, debt free and tax free money to the USIFHMC so the USIFHMC can give interest free home mortgages to the people.
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Flow of Funds & Loan Paper
(1) Customer applies to USIFHMC for an interest free home mortgage loan to pay for the purchase of a home.
(2) USIFHMC approves applicant's interest free home mortgage loan application.
(3) USIFHMC sends notification of approved interest free home mortgage loan to USST to get debt free money issued by USST.
(4) USST issues interest free, debt free, and tax free money to the USIFHMC.
(5) USIFHMC deposits this interest free, debt free, and tax free money into the borrower/seller escrow account so the borrower can pay for the home purchase.
(6) The escrow account pays seller and closes the home purchase.
(7) Borrower pays back this interest free home mortgage loan to USIFHMC.
(8) The USIFHMC pays back this interest free home mortgage loan to the USST.
(9) All closing costs must be paid by the borrower before the funds are put into escrow and all USIFHMC operating and other associated costs for brokering the interest free home mortgage loan between the funds provider and the borrower must be paid to the USIFHMC by the borrower before clear title to the property is transferred to the borrower.
It's that simple.
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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 proportionately reduce the amount of money banks can print by adjusting 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.
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To find out what you can do to help click on the "What You Can Do" link below.
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If you have questions or comments please click on the email link below.
FED Funding of the USIFHMC
NATIONAL 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
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