If you can’t beat ’em, join ’em

Some say that “money is the root of all evil”, and once you start examining exactly how capitalism really works, you will see exactly how true that statement really is. The rules of capitalism not just encourage, but require every participant to do everything possible to get ahead, using any and all means possible. If the money stops moving, then the game begins to slowly implode.

There are many ways to work outside this system; ways to not only minimize your exposure to capitalism, but in some respects, to eliminate it completely. Money is the prime means of measuring wealth as well as enslaving those who are chasing wealth, so if you can replace money with something else, something more tangible, then you can control your own financial future. Instead of depending on banks for your finances, you take control by becoming the bank.

When I was 9 years old, my dad needed to buy some new tires for the family car. He didn’t have the money, but he knew I had a meager savings in my piggy bank, so he asked me for a loan. I floated him $90 for the new tires, and made him pay me back (3 years later), for a total of $120 (principle & interest). Dad got a loan when he was in a bind and I got roughly 11.25% interest on my investment. It’s a small example of how family can help family, leaving banks out of the equation completely.

Back in the 1980s, muscle cars were relatively plentiful and cheap. A friend of mine approached me for a loan, to buy a car that he described as “too good to pass up on”. I loaned him $1500, we agreed on the time frame for repayment, and he inquired as to what I would want for interest. I told him that I wanted “something interesting that I could use”. He made his payments of the principle on time and then he presented me with a NOS set of 1969 426 Hemi standard bore piston rings, asking if that would be sufficient “interest” on the loan. At the time, I had a standard bore Hemi block, so I was more than happy to accept his proposal. (I later learned he had stumbled upon the box of rings sitting on a shelf at one of the dealerships that he frequented, and had bought them for about $50.)

About 20 years ago, my sister and her husband found themselves in a financial pinch. They had a parcel of land that they were considering selling and I asked what kind of a deal they might make me. We agreed on a price, monthly payments and a time frame for payment. They did not want anything more than the face value, so the loan was in fact 0% for 5 years. I got a great deal on the land, they got an additional income source to help them out of their pinch, and no banks were involved.

When a company has a debt that they can’t collect (for any number of reasons), they can package that debt up, sometimes with other debts, and sell them to other companies (for pennies on the dollar). Other companies can buy the debt, then try to collect on it; or, like Rolling Jubilee does, they can simply forgive the debt, thus releasing the debtor entirely.

There are non-profit companies that make “micro-loans” to people. Kiva is one such example.

Crowd-funding projects through the internet, such as GoFundMe and Kickstarter is another way to raise funds. Sometimes this works out great foe and up-and-coming business.

If you are looking to buy a home, beware of a small local mortgage company, because it is probably owned by the local realtor. That way he makes money on both ends of your home purchase deal. Maybe he can find you a better deal on a mortgage, or maybe you could do better with a bigger lender. Shop around before signing the papers.

Modest Needs is a charity that has a unique twist – you can be either an applicant or a donor, and if you choose to be a donor, you can choose what your money is used for.

To summarize, there are many ways to work around the bankers strangle hold, you just need to look for them.


About hemibill

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