Earn 6% Risk Free Without Big Banks

Crowdfunding is doing what banks used to do – care about you. How about a hug?

6percent

How would you like to get 6% guaranteed interest without risk for your hard-earned savings?  Certificates of Deposits (CDs) are earning only about 1% at big banks. You could put it in the stock market and risk getting at most 4% to 10%.  But right now the stock market is very volatile with triple digit drops and rises. You could lose all your money.  That would be a -100% interest rate.

A safer arrangement is loaning your money to a crowdfunding company that in turn loans it to small businesses for a slightly higher interest rate.  Each crowdfunding company is the middle man of a perfectly legitimate transaction that big banks used to do.

Big banks are too busy giving 1% or less on savings while charging 26% on credit cards.  You do the math.  Big banks do not care about you at all.

Crowdfunding and crowd sourcing are really taking off as a means to raise money or get loans.  But most companies loan your deposits to small businesses.  Here is one such company.

https://lovefruitful.com/press-releases/financial-startup-waters-fruitful-seeds-for-savers-and-business-borrowers

I am not the only one talking about this.  Here is Clark Howard discussing crowdfunding.

http://www.clarkhoward.com/news/clark-howard/personal-finance-credit/crowdfunding-offers-new-twist-p2p-lending/nCtcp/

Here are two popular peer-to-peer websites that also deals with loans.

https://www.prosper.com/invest/

https://www.lendingclub.com/public/steady-returns.action

With the stock market being very volatile, now is a great time to get 6% guaranteed.

 

Occupy This – Stop Robocalls

stoprobocalls

The other day I gave an impromptu speech at my Toastmasters club.  I started out by asking how many people knew about Citizen’s United.  One hand was raised.

Then I asked how many people knew about robocalls.  Nearly every hand was raised.

That summarizes how limited the marketing campaign is for reversing Citizen’s United and approving a 28th Constitutional Amendment to do so.  People just don’t have the time to understand the ramifications of the Supreme Court ruling in the Citizen’s United case.

We have a better chance of passing a 28th Amendment and make change if we concentrate on something most people hate.  Yes you got it – robocalls.

Henceforth, we need to call the 28th Constitutional Amendment the Political Robocall Amendment.

wethepeople

I learned the other day that England actually allows their political campaigns to last only one month.  What a concept.  But I am setting my sites on larger fish than a one month time limit.

I am targeting the Super PACs, and the out of control campaign spending by the rich .003 percent of the population, and the enormous amounts of political television ads and of course the ginormous numbers of robocalls by politicians. I have had enough and I am not going to take it any more.

There are plenty of people and cities that feel the same way.  There are hundreds of websites supporting a 28th Constitutional Amendment.  I agree with them because it is the only way to reverse Citizen’s United. But there are at least 20 proposed versions.   Most concentrate on the following two issues:

1. corporations are not people or citizens

2. money is not free speech.

We need to get down to one version.  The MoveToAmend.org version appears to have the most support.  It is rather simple as most approved amendments tend to be.  But I have several concerns.

One concern is the need to define citizens as individuals and restrict ONLY corporations.  Instead we need to restrict ALL groups of people, whether they are corporations, for-profits, non-profits, unions etc.  If we restrict one group, money will flow to others.

Another concern is saying money is not free speech.  This is like trying to train your dog to not poop on the carpet by trying to train it to not poop at all.  In other words, we will have more success if we limit campaign spending to individuals and a certain amount rather than trying to eliminate money as free speech.

Likewise, I hate to say it, but we will never get rid of all robocalls, but we can limit them.

political_robocall_amend

Here is my attempt at an amendment which indirectly eliminates Super PACs and greatly reduces robocalls.

1. Each citizen is a person as defined in the Constitution with human rights and these rights are not granted to artificial groups of people.

2. Campaign contributions shall be allowed only by citizens and the amount per citizen per election shall be determined by Congress.

Here is a book about this very subject.

http://www.kickstarter.com/projects/804567260/2033-the-20th-anniversary-a-book

Also please support MoveToAmend.org to greatly reduce robocalls.