Video about the Birth of the Crisis

The first video explains a schematic representation how it started and tells the story what happened until it went wrong..

The second video tells what happened when it went wrong

Corney Vanhelden is a successful entrepreneur and international businessman with many years of experience. The video’s above is the real proof how wrong things can go. Try to think that a problem like that can be tackled when Corney’s Model would be implemented.
He has described it all in his book `How to Survive without Taxes`, see his site
www.Done-with-IRS.com for specifics.

Frozen Eggs: The Economic Equalizer

Yes indeed, I’m dead serious, folks.
And I’ll bet you didn’t know that eggs freeze, did you?
Neither did I, and you know where I learned this?
I learned it in an article in today’s Wall Street Journal.

Let me explain. Kelly Evans wrote an amazing piece that drills down this economic crisis to how it affects families in their day-to-day lives.
Two families are chronicled with details of how they are managing.
Example: one wife/mother came upon a sale of eggs.
She bought 10 dozen, and froze them.

Another family has joined a cooperative where they exchange information on sales and pool bulk products such as flower and sugar.
Money?
It’s not being spent; correction: it’s pouring into banks where people are opening savings accounts at a record pace.

After a decade of wild spending, Americans have finally gotten it and are reluctant to seek credit even if it were available.
And they are not spending what they do have.
This is a problem for reviving the sagging economy, but a solution for people who have long spent more than they made.

Thus, we have the ultimate conundrum.
Some of you may know I have studied economic systems all over the world, and have taken my knowledge and observations and compiled them into a book called,
How to Survive Without Taxes.
It covers more than just taxes; it also presents a model for a cashless economy where all financial transactions would take place electronically.

How does this relate to frozen eggs?
Currently, no matter what anyone does, it’s a rob Peter to pay Paul kind of thing. The dominos of our economic system have become so incestuous that even a teetering of one will send the whole mess tumbling down (remember Humpty Dumpty? He was an egg…).
And tumbling down is what’s happening as we speak.

Humpty Dumpty Sat on a Wall,
Humpty Dumpty Had a Great Fall,
All the King’s Horses and All the King’s Men
Couldn’t Put Humpty Together Again

Bottom line, we’re beyond the fix it stage and need something drastic, like starting all over again.

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

My dear readers - 13,

The frustration on Main Street builds as our government continues to fork over billions and billions to encourage our banking institutions to get on with the show, loosen up a bit, and start peppering us peons with some money in the form of eased credit restrictions.

But surprise! It’s not happening!

“Congress approved the $700 billion rescue plan with the idea that banks would help struggling borrowers and increase lending to stimulate the economy,” says Mike McIntire in his article “Bailout Is a Windfall to Banks, if Not to Borrowers” in the January 18th edition of the New York Times .com. http://www.nytimes.com/2009/01/18/business/18bank.html?th&emc=th

But listen to what banker John C. Hope III, the chairman of Whitney National Bank in New Orleans has to say regarding the bailout money: “Make more loans?” Mr. Hope said.

“We’re not going to change our business model or our credit policies to accommodate the needs of the public sector as they see it to have us make more loans.”

Well, my friends, and what have ye to say about that?

I know what I would say, but mum’s the word on that.

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

My dear readers - 12

It’s like a kaleidoscope:
Bank of America, Morgan Stanley, Citigroup, General Motors, Chrysler, Circuit City.
My heart rate went up as I wrote that last sentence.
I live in Rochester, New York where Kodak is now a spit of its former self, and Xerox just announced it’s laying off 275 people.

Now I’m hyperventilating.

The news is overflowing with these horror stories of corporation after corporation after corporation falling apart.
But like the knight in shining armor, in comes the government with a rescue bailout comprised of billions and billions of dollars.

Now, dear friends I ask you, where is our bailout plan?
Hopefully Obama, for whom I already have great respect, will come through with an economic stimulus package for us Main Street dwellers.
But in the meantime, everything is crashing down around us and we are treading water, with shoes of lead on, trying to survive.

What’s the answer?

I do have one, but there are also things you can do right now and I’ll start sharing those in my future posts.

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

My dear readers - 11

Go Green: And I’m not Talking Money!

Well, in a way I am.

Hopefully by now you have read my treatise called How to Survive Without Taxes.
Sound intriguing?
Those of you who have read it tell me it is. (I think so, too)

Here’s the real deal:
my plan to go tax-less also calls for an economy that goes cash-less!
Now, that’s not to say asset-less, just cash-less.
I don’t want to spill too many beans right now, but suffice it to say that where there’s no tax, there’s no cash, and technology is a wonderful thing!

So let me take a moment to tell you why my plan is the only green one out there!

1. No more ink: toxic or not
2. No more trees killed
3. No more solid waste materials
4. No more harmful air emissions
5. No more contamination of water supply

Although it is working very hard to “clean up its act,” the printing industry can be quite, shall we say, “un-green.”
So, a world without “greenbacks” means a cleaner, healthier environment and safer world.

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

Obama-nomics

I was perusing another one of my favorite news sources today and stumbled upon an article in The Huffington Post by Manisha Thakor and Sharon Kedar about “Obama-nomics”: “What Obama-nomics means for Your Wallet.”

These ladies have skimmed the surface, but nicely summarized three key points of Obama’s plans.
First has to do with a universal mortgage, second involves tax preparation (more on that in another entry), and last is a move to clean up the act of the credit card companies.
Specifically:

“Team Obama supports such steps as eliminating the universal default clauses (which allow lenders to increase your interest rate if you are late on any of your bills), prohibiting interest charges on late fees, and requiring the prompt crediting of cardholder payments.
This means if you use your credit card responsibly, by paying off the balance each month on time and in full - it can once again be YOUR friend and not your foe.”

I cannot argue with the theory that calls for keeping CC balances manageable and paying them off each month. Fortunately, I am in a financial position where I can do that.
However, I have a friend who did the same thing, until — until life intervened in the form of job loss, medical bills, and a skyrocketing cost of living.
The money was simply not coming in, so this young woman lived on credit cards.
And I don’t need to say that it wasn’t long before things escalated out of control.

My friend is hanging in there, but now I wonder about the thousands, millions of people out there, beaten down by the sour economy, who will find themselves in the same situation.
More defaults, credit card companies collapsing, more people out of work and on and on and on.

I wish I could offer you an immediate solution.
However, I do believe my cashless, tax-less model is a start.

By the way, as a preview to a complete overhaul of the current tax system, and live happily WITHOUT them, I invite you to download my report “Done with Cash” for free.

It’s our money, my friends

Consider:

“Like a trust-fund teenager escaped to Rome, the department has made a lifestyle out of self-indulgence. It’s up to the Obama administration to prod it back onto a more responsible path.”
So writes Lorelei Kelly in today’s issue of the Huffington Post (http://www.huffingtonpost.com/lorelei-kelly/can-the-pentagon-do-hope_b_160771.html).

And the “department” to which she refers is the Department of Defense, otherwise known as The Pentagon.

“Keep in mind that — since 2005 — 20-25% of the resources for Defense have not gone through any normal budgeting process,” Kelly writes.

Whoa! I have to account for every penny of my spending, whether it be to my boss at work or my wife at home!

What about you?

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

Poised for Change

Today while going through my daily inbox feeds, I came across what I think is one of the most powerful statements of the last two days:

“I don’t think the White House has always reflected the textures and flavors of this country.” Simply spoken by Maya Soetoro-Ng, the president’s younger half-sister, this statement resonates from the Great Mall in D.C., to the volcanoes of Hawaii, to the cold lands of Montana to the dust of Texas.

Energized like a shooting star, our people are ready to belly down to roots and vaporize those corrupt and misguided forces that took away our power and left us homeless and hungry.
All because of one man, one half-black man, one man whose father hails from Kenya, one man whose family roots represent their own microcosm of textures and flavors.

Why do I expound and what has it to do with my cause: a cashless and taxless society?
I expound because I think we are catapulting into a new era in fast forward.

Before Barack (B.B.), I truly believed that my plan was years away because of endless bureaucracy and embittered battles with Big Brother.
But now I stand with vitality, my hands and fingers cold with an intoxication born from my passion to move forward, and move forward NOW!

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free

My dear readers - 10

Enough is enough is enough.
First it’s Freddie and Fannie Mae.
Then it’s the auto industry.
And in today’s online NY Times, I see the steel industry is looking for a handout.

Now, let it be known, IMHO, these bellweather entities have played a significant role in the demise of our economy.
Never a proponent of big business, I believe the pressures to achieve acceptable daily stock performance have led to inscrutable business practices that often cross the line into corrupt, if not criminal behaviors.

And so, I ask you, my dear readers.
What about us peons?
What about those of us who are losing jobs?
Losing homes?
Having creditors ring our phones off the hooks?
Our dear Obama is indeed talking about an economic stimulus that will benefit us little folks, but we also need to turn up the volume relative to our economic needs.

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

My dear readers – 9

Talk about creative! I came upon this little ditty in yesterday’s issue of BoingBoing.net and it reminds me of when I was a kid and I thought of all kinds of innovative ways to use conventional things.
Some kids in California have done just that.
Like everywhere else in the country, the bottom has fallen out of the housing ($1 million plus) market, and the water has subsequently been drained out of all the pools.
Huh?
The young folks out there have made a most ingenuous connection between empty pool and skate park!
Can you imagine using a diving board as a jump ramp?
Ouch.
Now let’s see what kind of money-making gig can come out of this unique thinking.

On a similar, but more serious note, (also a tidbit from BoingBoing), one guy from an unnamed town has taken it upon himself to match homeless people with homes that are empty and in foreclosure.
He says he doesn’t care about getting arrested, and is moving forth because it’s simply the right thing do to.

I am so excited about the innovation and courage bubbling up among us.
It seems the days of saying, “it’s someone else’s job,” are over and we are reinventing ourselves and our world!

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.