So Where Does All The Money Come From?

Where Does The Money Come From?

And indeed, where does the money come from? It comes from exactly the same source as when Bank One extends credit card offers to college kids all across the country. Now what does Joe College purchase with all that credit? Boom boxes, CD’s, DVD’s, MP3’s, video games, gas for daddy’s car, a six pack of beer for this weekend’s party, and other essential items required by the modern collegiate learning experience.

Bank One And Joe College VS…
Now don’t get me wrong here. Bank One knows exactly what it’s doing when it extends that credit offer to Joe College. They’ve carefully studied all the data, and they’ve concluded, based on empirical evidence, that this particular marketing strategy is profitable for them. In other words, before they ever extend this credit offer to Joe College, they know that they will make their money back and lots more…or else they would never do it. It’s a good bet. It’s just as simple as that.

Capital Homesteading And Johnny Paycheck To Paycheck
Now let’s contrast Joe College’s credit offer from Bank One with the concept of extending a Capital Homesteading credit to Johnny Paycheck To Paycheck. What you’ll find is that the credit extended to JPTP cannot be spent on non-productive consumer crap. On the contrary, it must be spent on a well-vetted, stock purchase, the kind that the conservative local banker (not some wild ass, dice rolling venture capitalist) would advise his local bank to purchase.

Like the boys from Bank One, the local banker will have studied all the data and will have a real good idea what the odds of repayment are going to be, before he ever advises JPTP to place his investment bet. Actually the odds of repayment are much better with JPTP’s Capital Homesteading credit than with JC’s consumer credit.

Consumer Crap VS…
There is one much more important difference however. The difference is that the purpose of Bank One’s Joe College marketing strategy is to get JC hooked on the consumer mentality of easy (buy now pay later) money, and in the long run, program him to believe that it’s completely normal to exchange his long term financial freedom for immediate gratification when it comes to consumer crap that he wants to have right now. Once he’s fully programmed, Bank One will wrap its financial tentacles around Joe College, who will then be producing profits for Bank One for years to come.

A Legitimate Piece Of The Rock
On the other hand, the Capital Homesteading credit, as we’ve already said, must go toward winning Johnny a piece of America’s growing economic pie, a piece of the rock that will predictably pay itself off and in the process, begin to transform Johnny Paycheck into a capitalist who has a vested, ownership interest in the future of a particular company, in a particular community, in a particular county, in a particular state, located in the United States of America.

Let Freedom Ring…
And as his productive piece of the rock grows year after year after year, JPTP will begin to feel the chains of wage slavery loosen, and the bell of financial freedom ring louder and louder, until he can finally be able to sing with Martin Luther King himself, “free at last, free at last, thank God, I’m free at last.”

In the long term big picture the Capital Homesteading strategy is specifically designed to create a nation spilling over with more and more capitalists, instead of a nation spilling over with more and more workers who are effectively cut off and alienated from the modern economic miracle known as the free enterprise system. The Bank One strategy is specifically designed to create programmed automatons who willingly trade their financial freedom and future in for consumer crap, and who, as the result can be easily controlled and dictated to by the captains of industry and by Wall Street.

It’s Our Choice
So I guess the choice comes down to…do you really want to underwrite a free enterprise economic system, and transform America into a real capitalist nation chock full of real live capitalists? Or do you prefer to create a nation that’s primarily full of workers (sounds communistic/capitalistic to me), who are systematically required to compete tooth and nail with each other, driving wages lower and lower (let’s become a third world nation ASAP, or redistribute from top to bottom in order to temporarily prevent the economy from falling flat on its face!) so that the captains of industry can oversee their respective monopolies without having to concern themselves…really, with legitimate competition. That way they can all get together, buy out the little guys, fix prices, fix elections, smoke big Cuban stogies, drive their fancy cars, and generally live off the fat of the land. Yes Tonto, I guess you could turn the clock all the way back to them good old days of yesteryear, if you really wanted to. But do you really want to?


P.S…Viva Las Vegas!
I have one final thought to offer here. If all those incredibly bright and intelligent, bureaucratic bean counters in Washington, DC are simply unable to recognize a good bet when they see one, then I know there are plenty of folks out in Las Vegas who don’t suffer from that moronic, myopic malady. I mean it’s they’re business to assess the odds accurately, facilitate the bet, and they make lots of money in the process. They do it every day of the year and twice on Sunday. Yah sure, I know you’re going to tell me that those folks out in Vegas are crooks. But that comment simply begs the question. How does that claim make them any different from the crooks in DC? Now if you’re unable to come up with a believable answer to that last question, I suggest that we consider taking bids from both DC and Vegas. If Vegas wins, we’ll just call it…outsourcing. Amen.