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Old 10-10-2008, 12:50 AM
 
242 posts, read 733,435 times
Reputation: 192

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Well, here ya go..

enjoy the read.

The Hoffman Plan - Take America off the Credit Standard - A draft of a plan to save America from a devastating depress...

Our leaders are quite baffled now and I fear they do not realize how bad things are, or will be. In 1929 after the crash, even then New York Governor Franklin Roosevelt did not think it was that bad and thought industry was “sound.”

In the Depression of the 30’s America and other countries all jumped off the gold standard as part of the way to fix the economy. Now, 80 years later, it is time to fall off the ‘credit standard.’

The purpose of this is to immediately free up real and true credit lending for businesses, employers, car buyers, home buyers, stabilize and revalue home prices, allow for ease of home buying, bring criminals to justice, and for a time take America off the credit standard.

This must be a short term control method and in the case of the home loans should be over very quickly. The hard part will be for people to understand the revaluation and freezing of home prices and home mortgages.
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Old 10-10-2008, 11:22 AM
 
48,505 posts, read 96,596,613 times
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In the 30's depression the feds thought that they could just leave the freee market to correct itself. But that didn;t't happen and thigns went south in days.If this market was run like the markets then with Lazze fair principals then we would ahve been in a recession several times instead of a recession.Manyof the very rich controlled the markjets like old man kennedy and caused alot of the problems but they of course made millons.
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Old 10-10-2008, 11:39 AM
 
48,505 posts, read 96,596,613 times
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Well hos plan is pretty much in effect now in the bank industry as credit ids so tight. That is what is killing the markets and has many comp-anies hurting. They can get the money that the need to operate.Getting the money available is what needs to happen to eassy the markets.
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