Any outside the box ideas to solve the financial crisis?

[alittlesensetodesign]

Does anybody have a solution the "brains" in DC have not thought of?

Here are a few suggestions -->>

First of all, just saving banks is not going to do anything. They are the ones that got us in this mess in the first place. While we are trillions in debt saving banks and financial institutions, the backbone of America - the Auto industries is being ignored. These people would rather fatten their coffers and help their banker friends buy up smaller banks, thus leading to one big oligopoly of huge banks controlling everything, while the rest of the world and the market freezes up and goes to hell. This is not solution, but only one of idiots, to keep giving so much money to big banks, only to have them hoard it and then buy up smaller banks. Rather then this, it should have offered the money directly as loans to business and to consumers and created some new government insurance companies to replace AIG and others from the start and use this company to back up the debts.

Rather then giving money to big banks and saving failing financial institutions, the government should invest it's money in a more wise way, in the technology companies of the future and get a share in their profit. It should invest in sound areas such as alternate fuel and energy, petroleum production, and open up credit to the average American again. It should stimulate jobs by giving tax breaks to companies who begin to invest in real estate again and construction, the backbone of America, together with it's auto industry. The government should ignite a furry of growth and prosperity by raising the hopes of it's people and encouraging them to spend in a conscious way. It should invest less in wars and more in re-building infra-structure and give people jobs in doing so, as was done during the great depression.

No use also in buying up all the bad mortgages. Home prices need to fall to reasonable levels the average citizen can afford. The same with health care. If the government buys those properties at depressed value and then re-sells them with low interest loans at a low value to those that lost their homes this could be a good start. Let them start re-paying once the economy bounces back also. Charge them very low or zero interest for the first three years of the loans.

Further, America should lead the way to alternate cleaner fuels and sell it's new fuel efficient high tech vehicles to the rest of the world. Want to get Ford, GM and others out of debt? Start rolling out massive amounts of fuel efficient vehicles, hybrid vehicles at a price the average citizen can afford, and make us less dependent on foreign oil. (I have many new ideas of how to develop such vehicles). Have government sponsored programs to train mechanics to fix them also. Give tax brakes to those that drive the new cleaner vehicles. Place heavy taxes and burdens on the production of gasoline vehicles, making the new vehicles more attractive in price and usage. Create government sponsored production of such vehicles, with the government financing their research, development and production.

Open up new government sponsored projects to gather all the top brains in one place and lead the way for the technology of the future in government sponsored programs. Use the brain power we have. We can be the tech leaders of the world.

Develop the new transportation system of the future. (I have an entire project developed on this).

Develop plans for the cities of the future.

Open up new tech projects for the internet of the future.

Develop new projects to allow man to access space at an affordable cost, and profit from the new "cities in the sky."

Start producing the computers of the future in government sponsored programs, including the new universal interface system.

Offer new government sponsored technical schools and universities to bring down the cost of education.

Use the profits being made by wise government investments to reform the welfare system.

Offer a new government sponsored health system similar to Canada in select states and area, with the possibility of national expansion. Offer it first in states with the most high technology as an incentive those high tech areas to grow the most and lead the way for the expansion of the program nationally.

Set up new rules that are not too harsh and that do not restrict credit, but allow for open credit as long as the mortgages are not dressed up as highly secure investments and then resold so, as was being done.

Let the people themselves create community rebuilding programs, with government sponsorship. This way all the unemployed builders can start building homes for themselves and their neighbors in community efforts with government incentives.

Hire all the unemployed technology people to work in research and development in new government lead high tech firms to develop these new projects as outlined above.

Create pockets of prosperity by lowering taxes in those areas, by investing in technology, in new transportation systems, and in creating the new cities of the future which are green and environmentally friendly and attract tourism. Do as Dubai is doing and use the new prosperity to fund massive tourist areas, complete with high tech areas and robust economies. Have these pockets of prosperity pave the way for a new civilization build on being the new high tech leaders and the ones to free up the frozen credit markets by investing in the prosperity of the average citizen rather then in the prosperity and health of the banks themselves.

Encourage the growth and prosperity of poor countries by training them new skills and then give them jobs to produce food, products and goods that we and the world can consume and also help them solve their poverty and misery in the process.

Encourage countries with new nuclear technology to employ it for pacific means and develop new business relationships with those countries that cooperate and do so.

Build new energy plants that run on clean efficient fuels. Sell this energy and use the profits to re-build America. Build new recycling plants that recycle garbage and charge cities a fee, making a profit back to government coffers and using this profit to re-build the infra-structure.

Lead the way for the design and development of the cities of the future that everyone brilliant will want to come to live and work in.

Open up the free access of information to all, such the internet.

Encourage and train young people to create successful careers in computer information and internet jobs.

Lead the way for new technological developments in robotics, high speed data systems, global technological integration systems and open education systems that provide free internet training to low paid low skilled workers.

And more ideas to come soon at P.r.o.j.e.c.t... L.i.q..u..id... U.n.i.v..e.rs.e.......

(See also structures forum for more ideas, such as the link below).

http://fireside.DesignCommunity.com/topic-17960.html

and more interesting talk on this subject here -->>

http://moneycentral.msn.com/community/message/thread.asp?threadid=839367&boardname=Hide&header=SearchOnly&footer=Show&boardsparam=Page%3d1&linktarget=_parent&pagestyle=money1&forumid=18&board=MarketTalkwithJimJubak

[Ed Ziomek]

sense...

I am reminded of the French, when they said in 1985 or so, "we can't continue printing these yellow pages, year after year, it will bankrupt us, and it is so inefficient to the environment." And they handed out telephone video terminals to everyone that looked up everything electronically... hence, the internet was born in France!

So on your EXTREMELY important article... You list many wonderful but disjointed ideas, so I consolidated them somewhat...

Restructure mortgage mess, but not by throwing good money after bad business failures.

Promote alternate fuels: “Further, America should lead the way to alternate cleaner fuels...”

Invest in the National infrastructure: “Develop the new transportation system. “

Start and/or continue a new “space program” for technology seed projects...”

Redefine Government Safety Net: “Use the profits ... reform the welfare system.”

National Health Care: “Offer a new government sponsored health system similar to Canada. ..”

Self help, community bootstrap programs...”Let the people create rebuilding programs...”.

Peaceful use of nuclear energy: “Encourage countries with new nuclear to employ it peacefully”

How about clean-emissions coal and natural gas plants? “Alternative Energy: “Build new energy plants that run on clean efficient fuels.”

Technology corridors, technology think tank zones: “Lead the way ...cities of the future....”

Expand distance learning...train all willing persons in skills trades...

Export prosperity: “Encourage the growth and prosperity of poor countries"

These are great ideas, and can you boil it down into two sentences?

I can.

I will be writing to the President elect, and his newly appointed Commerce Secretary Richardson regarding your ideas and my own spin on your ideas.

I will be suggesting he propose a National Suggestion program, good in all 50 States and Puerto Rico, Guam, the American Virgin Islands, with a budget in the neighborhood of $50 million dollars, to be doled out to the 1000 best ideas in each state, $10,000 for the 10 best ideas in each state, 990 sharing the balance equally for the next best commendations for good ideas, and a certificate of participation for all the rest. Entrance fees will be $5 per idea.

The suggestions should include how that state can utilize 1)preferably a new idea, 2) employ as many local persons as possible, 3) use locally manufactured or developed materials, and 4) preferably be patentable and exportable, and 5) will easily bolster the background financial system you spoke of. Rather than aim at the financial system fixing, let's aim at the substantive broken industries, fix them first on the manpower of Americans needing jobs!

America is ingenuity, and it starts with persons like yourself who have the courage and the passion to make it happen, YOU TOOK THE FIRST STEP, congratulations!

PS... Only one monetary award per person, so my twenty ideas at $5 each would only get me one financial return. I accept, I can't wait, when can I start submitting?

There is so much we can do, so much opportunity! What the hell have we been waiting for?

[Ed Ziomek]

Forgot the tunes...

Billy Ocean... When the going gets tough, the tough get rough!
http://www.youtube.com/watch?v=35YivWEs3zw

[csintexas]

I think the bank bailout was a necessity to keep the financial market from freezing but I agree with those ideas in general.

We need to continue extending credit to companies who are having trouble in this severe down turn.

The only concern I would have as far as infrastructure is that we spend money on things which actually make us more efficient and competitive.

We will never be able to compete against countries with much lower standards of living unless we reduce ours. This is why the UAW is going to have to giveaway all the pay and benefits they have been able to obtain in the past.

If that is our goal -to have free trade no matter the cost to ourselves, than we might as well start tightening the belt right now because we as a nation are headed toward bankruptcy.

In the 30's building new roads made us more productive. Today we are simply talking about replacing and repairing aging infrastructure. While this will create jobs it will not make us more productive.

I don't think space exploration is the best most efficient way of creating technology. There are spin offs but we could have accomplished the same thing by funding research in general at a much lower cost.

I have been a proponent of the internet for years and think that this is the technology which will move us forward.

[Ed Ziomek]

Chris and sense...

What if we used our ingenuity to create entirely new industries?

Not outer space, inner space! What about the oceans, can you think of anything new we can do there, to create jobs, to create revenue, to create food, to mine for minerals? (YES!!!)

What about recycling... any new industries there? (YES!) Here is a clue, back in the 60s, some enterprising people in Sunnyvale, Silicon Valley, wanted to declare the industrial runoff water as a "mining claim" claiming there was 10 parts per million of gold in the waste water.

What about smokeless coal plants? Any new industries there? (YES)

What about tire recycling, any new industries there? (YES)

What about sewage reclaiming, anything new there. YES, YES, YES!

Nobody before now needed to look at these too close, but now, we are forced to reconsider all possibilities. And there is nothing new here that hasn't been suggested, only that people had no need to pursue.

Now we do.

College kids, do you want to become a billionaire? Create an industry that does pay-in-advance distance learning segments, using youtube, which pays back the instructor and school each time someone views 90% of the instruction, and which video tags the segments with incremental coded images to prevent duplication. Allow schools the ability to NEVER turn away a paying customer, such as was done to me at Norwalk Community College in Connecticut... who used the excuse to turn down my money..."we didn't have enough seats"!?!

What a lousy reason to turn down money, when the instruction could be segmentized, stored, and played back at my leisure.

We have the brains, now let's turn it into money and jobs!

[csintexas]

I don't think any special technology is required to make distance learning work. The real value is in the certification not in the reading or viewing material.

I took an algebra class online a few years ago. I could have bought an algebra textbook and learned it on my own but that really would not confirm anything as taking a standardized test on the subject does.

We would need to require all testing facilities to pay for the online material which they are providing certification for so that the information is basically provided for free and the certification is paid for by those who need it. -very simple.

[csintexas]

With the rising cost of education and our need to conserve resources I would guess that in the not too distant future all classes which do not require actual equipment, facilities and hands on type training will move to the internet.

Although if this Blacklight Power turns out to be real it looks like energy will be cheap and green in the future.

[alittlesensetodesign]

Thank you Ed for your comments and efforts - most commendable ! And thank you Chris also for participation. It seems few are brave enough to enter these waters and join in these debates on how to help resolve the financial crisis the top levels of banking industries have brought upon us due to their greed and desire to control our money and get us into eternal indebtedness, with now the system they have created collapsing in on itself, as is being demonstrated in other topics in these forums.

Now, to get American going in the right direction, all we need is a little technical ingenuity, openness to new ideas and to get all the great minds working together.

Take these new start-up ideas and ventures, which are pursuiing exactly the ideas as proposed -->>

Mile-High Power

http://money.cnn.com/galleries/2008/smallbusiness/0811/gallery.Next_Little_Thing_2009.smb/3.html

The prospect of drawing power from high winds is a reality and already is being applied by this company above for a profit.

Example of clean, renewable energy company, and the type of ventures the government should sponsor on a massive scale -->>

Ocean Power Technologies

http://money.cnn.com/galleries/2008/smallbusiness/0811/gallery.Next_Little_Thing_Updates.smb/10.html

Want to bring down the cost of education? How about cheap online textbooks?

http://money.cnn.com/galleries/2008/smallbusiness/0811/gallery.Next_Little_Thing_2009.smb/4.html

Why Electric Cars Have Stalled

They need more government sponsorship !

http://money.cnn.com/galleries/2008/smallbusiness/0812/gallery.stalled_electric_cars.smb/index.html

If we have now the government sponsoring these technologies, they will no longer stall out but pave the way for a brighter future of less dependancy on oil !

Auto Crisis? It is time we help the auto sector and promote alternative energy efficient vehicle development and deployment programs, to get these industries out of the slump. How about hybrid vehicles that run on either gasoline, electricity, solar power, alternative fuels such as ethanol or hydrogen? Such multiple fuel vehicles would allow for total flexibility and choice. And with the braking system charging the electric motor, the solar panels providing for additional energy, and the heat emissions from the engines being collected by heat transfer absorption cells, the energy can be infused back in to workable energy in the vehicle.

We need to keep the automakers out of trouble before the wreak more havoc with the State's budgets -->>

http://money.cnn.com/2008/12/12/news/economy/impact_on_states/index.htm?postversion=2008121219

Work projects and spending on Infra-structure?

A fine idea. True, as Chris noted, spending on re-building roads may not be as productive as some other applications of funds.

http://money.cnn.com/2008/12/11/news/economy/infrastructure_warnings/index.htm?postversion=2008121115

150 billion to be invested in infra-structure projects

[Ed Ziomek]

Sense and Texas...

Is the definition of insanity knowing the solutions for 20 years, and having the know-how for the solutions for 50 years, and having the ingenuity to create new industries and millions of jobs for 100 years, and having limitless quantities of alternate fuels for 200 years...

And then handing our money and our jobs and our industry to foreign neighbors, while we go bankrupt?

WHAT THE HELL HAS WASHINGTON BEEN DOING FOR THE LAST 20 YEARS?

AND WHAT THE HELL HAVE WE BEEN DOING LETTING THEM DO WHAT THEY ARE DOING!

The worst insanity is watching the train go off the track, when it all could be prevented.

So let's start now!!! I say... more tunes!

Zanzibar, Erintes....
http://www.youtube.com/watch?v=7PJ4zJWRlxo&feature=related[/quote]

[alittlesensetodesign]

How about offering an incentive for Americans to purchase new energy efficient cars of the future, which run on electricity, hydrogen, ethanol, solar energy? How about offering a discount window on future vehicle taxes to the employees of companies engaged in high tech industries which are green, environmentally friendly and which are opening the door to new jobs? Allow these vehicles then to be paid in low monthly payments.

At the same time, offer community rebuilding programs, allowing the locals to take charge and build their own affordable houses with government sponsorship.

Take all the distressed property values and mortgages and have the banks offer them as collateral to getting money from the government. If they banks fail to use the money appropriately and pay the government back in a certain amount of time, have the properties revert over to the government. Once in the hands of the government, the same can re-finance those homes to the public at low interest rates and with monthly payments the public can afford.

Take all those distressed mortgages and upgrade those homes with green technology, using components and elements produced in new government factories, giving jobs to millions. Then take those new high tech homes and place them back on the market with government sponsored low interest loans. They will now be fuel efficient, lean and mean and out-sell other properties of equal size and characteristics in local areas!

Let the banks fail, and please, get our money back from the banks that used the money to only purchase other banks!!!. Then have the people enter programs of direct friend to friend, family to family, peer to peer type lending programs, such as are already in existence. Have the government provide cash needed directly to these newly sponsored types of institutions and take the power away from the greedy central banking system. Have the people and the companies themselves finance their own development. Use the value of the new in the distressed mortgages to serve as a new type of people's bank - the IOUs of the refinanced property will give the backing needed for the new people sponsored banking system as a whole to unite and gain then more credit as a group.

Use all the money going into public projects and works to flow through the new community banking institutions, they providing them with quick liquidity and cash flow. Take the public money away from the greedy central reserve banks.

By cutting down the cost of health, we will also be putting money back into the hands of the people, where it belongs. Offer new internet based free medical services and treatment, free drugs, and get the majority of people out of the hospitals and keep only in the hospitals those needing intensive care or surgery. Institute a free medical hot-line or website where people can get quick free medical treatment and local drug-stores which dispatch the medicine to patients quickly with mass delivery services.

Unclog the roads and highways. Get the cars off the roads by encouraging commute, encouraging working at home with alternate days in the office, encourage new entrepreneurship, build the new cities of the future which concentrate living areas, commercial areas into large structures, thus allowing people to live and work in the same place, un-clogging the highways.

Beef up local agriculture using new state-of-the-art technology, hybrid plantations, new crops, new hybrid fruits. Develop new government food processing factories to churn out millions of new high tech products which can be sold to the rest of the world.

Invest less in high fuel usage plants and invest in new clean efficient energy production systems and sites, with a few as suggested above, and many more to come.

Bring the industries back to America. Do public campaigns encouraging people to buy American made products which are high tech, environmentally friendly and home grown.

Create a partnership between aerospace and the auto industry (and even bio-technology and other high tech industries into a multi-industry high tech fusion). Have the new hybrid vehicles (and crops, computers etc) be developed with space technology. Instead of NASA on one end, and the auto-industry out of the picture, blend the two! Fuse all the American auto producers together with NASA into a new combo group, part private and part government sponsored! Bring then in foreign investors into this new industry, the product of American ingenuity to the max ! It will shine like a new Rolls Royce! Blend in the defense budget into this conglomerate as well, with new defense contracts being picked up by this new combo conglomerate, creating an amazing array of high tech new inventions that will outshine, outpace and outsell any foreign competitor both on American and foreign soil! Rather then so many departments each with separate budgets, and with many industries falling like a rock, why not bring it all together and capitalize on what we already have? This will be a revolution in the making!

Have this new NASA/Auto combo industry create the new mass transportation systems of the future which blend high speed train systems with private individual flexible vehicles, that can both drive on roads, fly or enter the high-speed railway of the future, as developed at .Project .L.i.qu.id.. .U.n.iv.erse by our group coordinator 20 years ago. (More details on this for those who which to join and exchange ideas at PLU). These new mass transportation systems will be economical, flexible and offer affordable reliable transportation that combines the best of mass transportation with the best of individual vehicular systems.

Un-clog the airport terminals, and train stations by converting them into multi-use facilities of mass transit enter and exit systems.

Create and industry of entrepreneurship by rewarding the best newest industries with government sponsorship.

Create a new fleet of high tech vehicles to showcase our capacity to lead the world at this time.

Bring out all the stalled workers and put them to work developing the new technology of the future, assembling the new mass transportation systems, the new vehicles of the future, the new fuels of the future, the new agriculture of the future, the new cities of the future.

Invest in new renewable energy sources, algae fuels, aeolic energy, solar energy, energy from the ocean, among others.

More to come at Project .L.iq.ui.d.. .U.n.iv.erse.

We are the world, we are the children, we are the ones to make a brighter day, so let's start living and giving.

http://www.designcommunity.com/forums/topic-17960.html

[Ed Ziomek]

Sense...

Can you give me the life and death single issue?

About 400 years ago, the British Government offerred the equivalent of $1 Billion dollars... to anyone who could invent a way of finding longtitude on the open oceans.

So you are now Commander in Chief, you are dodging the shoes thrown at you, and you are given 10 words to save the country.

What is that one issue? What are the ten words?

[Ed Ziomek]

Answer:
Emissions free, Coal-fired, fuel-cell, or green power plants.

1. Have the Federal Government offer $1 billion dollars to the ten best ideas submitted, for these new "space age" cleaner technologies, which would also could include wind energy, solar energy, wave energy. And note, all the heat energies presently expelled in smokestacks should be recaptured, filtered, recycled. On the way to that goal, mandate the use of existing scrubber-technologies on power-plant smokestacks, until cleaner technologies are made available.

2. Then, implement the best of the ideas with a $100 billion dollar investment "seed package", two billion dollars for every State in the United States.

Note: The use of electricity and energy is going to multiply, why not pay ourselves?!

Like T. Boone basically said, "paying foreign corporations for foreign oil is presently the single largest transfer of wealth out of the United States, in the history of the United States." What a devastating, crippling, disaster!

Recycle American money, to ourselves!
I say, I will totally accept paying more, if Americans get the pay!!!

[csintexas]

According to this Blacklight company they already have the clean power problem solved:

http://www.blacklightpower.com/

[djswan]

[Ed Ziomek]

Chris...

On December 11th, one week ago, Blacklight announced the licensing of their "Hydrino" technology to a New Mexico Power Plant company.

No one has proven this technology yet, and the solution seems to defy the Physics of the experts, but I am willing to look closely at this installation and licensing agreement, to see if it works.

I think the best quote is that the present system takes 50 cents of energy and technology muscle to produce 100 cents of thermal or electric power using the Blacklight methods.

http://venturebeat.com/2008/10/21/blacklight-power-bolsters-its-impossible-claims-of-a-new-renewable-energy-source/

At the moment, still unproven, I accept the possibilities.

I promise you, there are still 100 other acceptable ideas out there, for clean and "cleaner" energies.

Thanks for the input.