News World Communications, Inc.

Tom Woznick    Bloomington MN

Posted at 11:35pm on Thursday, January 29th, 2009

This was sent to many other senators and congressmen before the bailout was completed.

The numbers in this letter are merely an example.

With the congress and U. S. Treasury Secretary Paulson about to put at least 700 Billion into saving the economy, it is important to let them know that we have a better way.

Now imagine the US Government taking 1 trillion 50 billion dollars (only 350 billion more than they are thinking of using right now and some analysts are saying it will be over a trillion anyway) and using it as follows:

They would give each state 21 billion dollars of which the 20 billion would be split up amongst all of the banks in the state equally. The banks would then loan out this 20 billion dollars at 9% or 12% for mortgages. credit cards, new businesses, and other types of loans. At the end of each year the yield on this one time government investment would be 1.8 to 2.4 billion dollars of which 1 billion would be set aside to put back into new loans. The remaining amount would be profit.

Now the 1 billion out of the original 21 billion could be used to pay off the bad investments that the government is thinking of bailing out right now. In addition to this the profit each year could also be used to pay off some these bad investments. This is a gift that just keeps on giving, both in businesses and with the government.

Of course it is possible for the government to take the money back after one year and be paid back 100% but it make more sense for them to leave it there for at least 2 or 3 years. It is even possible to leave it indefinitely and have the banks pay the government back at 3% or more per year. The credit card industry could be revamped as follows: See 2009 A New Worldwide Bank and Credit Card 01-24-09 Idea

I had originally thought that the money should be given to the banks, but after seeing the way the money was distributed to certain banks with no regulation, I believe this should be given to one of the banks the government has taken over or an entity created just to fix the economy. The later would be better because now you don’t have to be concerned with profit. The new entity would use every penny earned from the credit products to put back into more credit products. And or paying for government spending, a new way to give tax cuts. Either way there would have to be steep regulations for this project.

The beauty of this concept is that it can be applied to anything. For example let’s say the Target Corporation wanted to open several stores in 2009 worldwide. In this example we will use easy round numbers to show how it works. Now suppose each store costs 1 million dollars, so Target puts 2.1 Billion dollars into its bank in a CD or Savings Account paying at least 5%. For 2009 they would use the 100 million dollars to open 100 stores. The 2 Billion dollars would earn at least 100 million in interest during the year. Now at the beginning of the next year, they would have another 100 million dollars to use. They could open up 100 more stores or the could use the money for others things like adding more products to their stores, advertising, hiring more employees, raises for current employees, research and development, charity, payroll (imagine not having this as expense ever again, companies could put whatever amount into one of these accounts to cover their entire payroll, it would be a one time investment and every year the interest would be used to pay off this huge expense) or many other things. Now imagine if the bank gives them 6% or even 10%, this is a great way to cover expenses and to grow your company.

The auto industry could use this idea as well. If they set aside 2.1 billion in the say way, they could have 100 million dollars each year for things such as research and development (cars that use less oil and gas would be great), opening new locations, or even financing people who ordinarily do not qualify for car loans. They could also use it to pay for the costs of inventory. This would allow them use a much lower rate in financing because the cost of building the cars was covered with 100 million dollars.

Another great example how this concept could be used is health care. What if the government puts 210 billion into one of these accounts? Every year they would have 10 billion dollars to use for the health care system. Now imagine a state government using an account like this in lieu of a particular tax like property tax. Let’s say the state usually gets 4 billion in property taxes each year. Instead of taxing its citizens, it decides to put 80 billion into one of these accounts and each year the one time investment gives them the money they would have received from property taxes.

There are many ways to use this idea, but all of them help us tremendously. In addition to covering the costs of things for governments and companies, the money put into these accounts will be put there permanently; this gives the banks or credit unions much more money to use in new loans or credit products. Now let’s say a bank decides it wants to make it easier to gives start up companies funding, so they open one of these accounts with another bank.

Another interesting concept would be to have Iraq use their profits from producing more oil to research alternative sources of fuel and develop new cars that would not be dependant on oil or gas. By having Iraq do this they would be replacing the revenues from the oil with the new alternatives, and cars (experts could be sent to Iraq to help them to do this quickly) and they have enough oil reserves to fund the research. A side benefit to this is that they would also be producing more oil which would bring down the prices for oil and gas worldwide and put them in good standing with the world. In addition to this Saudi Arabia, Iran, Syria, China, Russia, and others would do the same to compete with Iraq in this area, which would further drive down prices and speed up technologies. Iraqi businesses could also use their oil to invest in real estate all over the world. They could also use it in my guaranteed investment to buy into many businesses worldwide. They could invest in new technologies for health care, electronics, air planes, education, etc.

A national lottery could also be set up to help lower taxes, pay down the deficit, and fund programs that make a difference. This could also be used to as funding for the bail out or new challenges that arise.

My ideas are raw, and are open to any suggestions. Please help me to make my ideas viable, I have many more ideas and would like to use it to help the little guy worldwide.

Tom Woznick
952-994-2780
illmakusmile@gmail.com

Saul Salas    Costa Rica

Posted at 2:42pm on Wednesday, February 20th, 2008

This company included their newspapers, are controlled for people with no business experience. They just work there because is part of the church and got married with an Asian or Brazilian woman.
People who spend the money because are of other persons. They take always bad decisions.
And they don’t care of consequences because just move to other company and the money continue coming from Asia.
Personally I meet 10 persons in different countries and all are the same, perfect for pray but not to manage a business.
Saul Salas saulss7@yahoo.com

M Justus    Northern Virginia

Posted at 9:40am on Wednesday, February 6th, 2008

The newspaper's customer service is horrible. Subscribed, never received a paper -- not one. Spoke with delivery person's "boss", spoke with customer service twice. First time was told I live too far out and would get a refund. Mailed to wrong address, I was told, the second time I called. Two months have gone by since I subscribed. No refund, no paper.

praying for the zealots    NY

Posted at 6:25pm on Thursday, April 12th, 2007

2 words. goverment cover up. missing the good old days of Bob Woodward and Carl Bernstein.