maandag 29 september 2008

the financial crisis

 
There is a better solution for the present financial crisis than put forward by the Bush government and as mr Obama wants a change in the politics of Washington he may consider it:
Strangely at first sight this other solution is connected to art 1 of the UNO declaration on human rights "everybody is born free and with equal rights". In several religions this basic equality was expressed by saying that all descent from Adam. But the Bible adds also material components and thus art 1 may be enlarged by formulating that everybody has a right to possess a minimal place for staying or dwelling without others drawing money from it against his wanting or willing. This does not regard the carpenter who offers a real contribution but concerns moneylenders and profiteurs.
So the Federal Government should act by providing means to realize the mentioned material right, which can consist of lending to every houshold with a mortgage a sum of about fifty thousand dollars without taking interest for this except compensation for inflation. This money then has to be used for reducing the mortgage.
As a consequence those households will have a smaller burden and become able again to pay annually their lessened mortgages, while moneylenders like banks and other commercial companies will get an inflow of money that helps them survive. The crisis thus disappears.
One might think that it is not honest to provide only people with mortgages a sum of fifty thousand dollars from the Treasury. That is correct and to solve this problem I propose that everybody who wants to move to another house for improving circumstances of living will be allowed to receive the mentioned, interest free sum. Then remains a category that does not want to move because the inhabitants have a nice or even splendid home. Well, being very content wit it has a value that may balance helping others by the state when the latter were less lucky.
 
The aim of the suggested solution is to master the financial crisis without the taxpayers in the lower income categories suffering in their wallets. Also from America a very good example will spread over the world if the principle is accepted that every citizen has material rights connected to his or her existence as a free human being.
The Bible gives Ten Commandments which include sabbath for the animals under human controll, say for these strolling around at leisure in a natural environment instead of being locked up in the sheds of bio-industry without glimpse of the Creator's sun and rain, making Him angry. Therefore rules can be added when providing money from the Treasury like:
Every animal under human controll will have sufficient natural space to run, fly or swim for at least three seconds;
Near every artificially hardened surface, whether yard, street or roof (on a building) high growing trees have to be planted in order to compensate Nature for the loss of fertile ground.