Geothermal Electric Makes Good on Mortgages.

The International Institute of Nonviolence

News&Opinion

By: Rev. Jermano

The word geothermal means geo (earth) and thermal (heat). It comes from the Greeks when the earth first formed over 5 billion years ago. It is about 4,000 miles from the surface of the earth to the center of the earth. The deeper you go the hotter it gets.

The earths temperature per kilometer is 50-87°per Farenheit mile. Below the surface is the mantle with temperatures between 1,200-2,280°F. The core temperatures may reach 7,200 - 12,600°F.

Since Paulson and Bernake have essentially decided not to help the failed mortgages, and instead are investing the 700b into bank stock and positive investments, it means these homeowners are under the gun. Banks will be stuck with the properties, with forclosure signs littering the neighborhood. They won't find buyers, because the banks are not lending, because they can't, and now with the change of mind by liar Paulson.....this means they will advise all investments to steer clear of those mortgage packages.

To me this is an opportunity....My idea is not your idea of renting.....because that solves nothing. Banks don't want to be forced to be landlords...

My idea is instead of paying for a house who's loan is more than the worth of it....is to offer the bank a means to make good on the loans.

What I propose is to cut all loans in half who are in default and facing foreclosure.  By doing this; houses that are said to be undervalue will reach their real value. The other half that is still due to the bank will be paid by the Obama Energy Department.

Since we have a new President coming on board he will be instrumental in seeing this happen.. What we want to do is get Geothemal Development Electric Plants up and producing, and selling into the communties. This means incoming revenue. I propose to the banks that they give us the money we need to build the Geothermal Electric Plants...the Obama Energy Department will use the revenue that comes in to pay the other half of the bad loans.

This means people can stay in their homes at a lower mortgage payment, because the loan they are paying now is half of what it use to be. With the Banks Agreement the other half will be paid by the OBAMA GEOTHERMAL ELECTRIC COMPANY, when it sells it electric to the public. Once the agreed half has been paid, the OBAMA GEOTHERMAL ELECTRIC COMPANY pays no more.

This will solve a major problem in the USA, with the housing mortgage issue....and at the same time get the funding needed to get the new Geothermal Electric Plants online. We can build these in every State in the USA....People will be willing to support the Electric Plant because of the good benefit it will provide to the homeowners mortgages. Of course the homeowners will also be paying electric for free because they know their money is going to pay for the mortgage problem...and finally solve this bank catastrophe.

It is estimated that it would not take that much time to pay this off. Many jobs will be created and more homes will be bought at the real home values. In effect I believe this GEOTHERMAL PLAN will ultimately go on line as a replacement to paying taxes to run the government... No longer will we have to argue about taxes or big govenment....because the energy would run and pay for itself.

Geothermal is a forever resource 24-7 operation, nonpolluting, and cost much less than nuclear plants to operate. It solves the Global Warming problems, and gives the Auto makers a new incentive to create more jobs than their dead IC Engine Dinosaur, that is now beginning to fossilize in the US at the moment.

We need to base our security on unlimited real energy security. It will not happen with Paulson and Bernake and their money system and broken record of promises....that only guarantee more wars and IOU's in the world.

By allowing the exact reverse of what Enron did will bring America back in line toward its real creditability......which will keep America strong under the Democratic Party Wing.

Of course there will be other rules we need to follow such as only homes under foreclosure are eligible, and only one home per family.

http://www1.eere.energy.gov/geothermal/geothermal_basics.html.....

Rev. Jermano