Recording sample
transcript
David Hall: So what are you going to do next?
Tim Mbau: I’m doing stewardship. I think now that the banking part, according to what I have been seeing during the week, is that it is a really important aspect of all the first 12 agencies. So probably now I can be able to do the other 12 quite easily, based on what I’ve just worked on in the last two weeks.
David: Okay. Which ones do you already have done?
Tim: So far I have done, I have done stewardship earlier. So that’s, I’ve done two. I’ve also done, on the agencies themselves, there are only two so far.
David: Okay, I didn’t understand that. What was that again?
Tim: I’ve done two agaencies so far.
David: Two agencies? Which ones?
Tim: Human relations and stewardship. Okay.
David: And now you’re doing?
Tim: Yeah, I was thinking of going to stewardship again so that I can do some of the, I can have some of the banking issues that we’ve been discussing, especially on, I thought on setting up businesses, it has not been really captured as I did in the paper that I sent yesterday. Okay. Okay.
David: Yeah, the, yeah, the banking, the banking issues are key, aren’t they? Yeah, they are very, very key. That’s why I thought now the rest of, especially the next six agencies will, they really need the banking even if they’re not part of the 789.
I think one thing in the banking paper that you just submitted, that you probably didn’t cover quite well enough, is that the loans, the loans themselves, you know, create, maybe you’ve covered it, but the loans create money for the economy, right? Because the loans, you know, pay for goods and services.
You know, that are done by, you know, then pay for some other unlimited partners who are going to be building the buildings, right? Yeah. And so the money just continues to rotate in the community. Yeah.
But is amplified because of the loans. Because, like, you know, a village has got to build a bunch of buildings, right? Yeah. And so that’s going to provide jobs.
Yeah. You know, to create the raw materials, to construct things, put them together, and then people rent the facilities. Yeah.
So that rent makes the payments, right? Yes. So the village borrows a whole bunch of money, you know, to construct the facilities, but that process just creates jobs. Yeah.
And then, of course, some capital is needed to back it up to do the down payments. So the capital bank will have to invest some capital into that village, right? Yeah. And so the village has some money in its bank account to build the buildings, right? Or do the down payments for the buildings.
Yes. And to operate on as well, because the village will need to attract people to come and live in the village. Yeah.
So that they can make payments.
So as you write about each of the agencies, the 24 agencies, you can explain how they, you know, might need. Yeah. Yeah.
Tim: I think while I covered about how loans create deposits, which now enable the banks to make more loans, the part on how they create more money for the economy didn’t cover it either.
David: And also. The loans not only create deposits, the loan creates money, right? Because the loan itself, you know, creates money for the economy out of thin air, right? Yeah. And then, of course, that money, you’re right, goes into deposits.
Which helps the economy.
Tim: Okay. So probably I’ll also need something small on how we don’t make the money supply to be too much. Let me work something on that.
David: Well, the money supply, as long as the loans are a good plan, right? Yeah. As long as the loans are for stuff that’s not productive. Yeah.
Right? If the loan is going to get paid back, you know, then you haven’t created too much money, right? Yeah. It’s only when an economy, you know, distributes a bunch of grants to people where the money doesn’t have to be paid back, that causes inflation, right? Yeah. Oh, yeah.
Like, remember the way Joe Biden did when he came to power? Yeah. When you just give money to people, then that creates inflation. But when you give a loan to somebody, and they have to pay it back through productivity, then you’re not going to create inflation.
Now, something I’ve done recently that you’ve probably noticed is that we have the villages responsible for their buildings. They own the buildings, right? The village owns the buildings. The district owns the buildings.
So, the ownership of property is distributed more than it used to be. Yes.
Okay. You don’t have – the branches don’t own the apartment buildings, but the villages own all of the buildings, right, in that village. Okay.
Including the quarter or half of the hub buildings. Okay. So, they cooperate with other villages to build the hub buildings.
But they own that as an asset on their books. Yeah.
And then the district owns their district building. Yeah. And then we have 22, 23, and 24 instead responsible for, you know, the things that nobody else has a responsibility for.
Okay. So, for instance, if all the villages’ buildings, both in the internal village and the external mirrored village – Yeah. – are the responsibility of the villages, and the district buildings, including the mirrored district industrial buildings – Yeah.
– are the responsibility of the districts – Okay. And you’ve got the investment bank and the commercial bank, you know, in charge of the stadium storehouse, right? Yeah. So, we’ve divided up the assets more.
And, of course, you know, the amount of land around the community – Yeah. – or the agriculture is huge.
And that’s the responsibility of – I forget, 22 or 23 or 24, one of those. Yeah, 22.
Which one is it? 22 for land and – Okay, 22. Yeah. Anyway, it’s more distributed now than it used to be.
Okay. Yeah. That way, there’s a lot more agencies that have specific responsibilities.
Okay. So, the villages are no longer – the villages are now in charge of the whole village. I think in the paper you had indicated it was only the hub building.
Well, the villages are responsible for the street in front. Yeah. Right.
Or the village square. They’re also responsible for the gardens behind. Yeah.
Right? Yeah. And they’re responsible for their section of the hub buildings. Yeah.
Right? So, essentially, anything – the village is in the village area, right? Yeah. They’re responsible for it. Right.
Okay. Okay. So, and you’ve also said the mirrored villages are also – these are now the responsibility of number 23.
Let’s see. What is under 23 again?
Tim: 23 is actually the one we were talking about, land and utilities. Yeah.
I think – let me look at my – okay. Yeah. 23 is land and utilities.
22 is the agricultural surrounding community. And then 24 is transportation and the easements between the communities and around.
Okay. So, the districts are responsible for their specific building. Yeah.
You know, 1 through 24. Yeah. And then a similar area out in the mirrored central districts.
But it’s the villages that own the majority of the assets now because of all the apartment buildings, right? Yeah. But there’s 96 of them.
And one of their three presidencies has that responsibility. So, the same presidency that leases the assets to the individuals also builds them.
Now, that doesn’t mean they’re – they’re not the contractors building them, right? They’re kind of the financing agency, right? Yeah. I mean, they’re the ones that go out and get the loan, and they’re responsible for managing it. Yeah.
But they will probably, you know, contract with somebody to build it. Yeah. A business or an association of businesses.
Okay. So, which agency will you focus on this?
Tim: I wanted to focus on the stewardship.
I think you’ve changed the name to individual stewardships, or it’s just stewardship as it is? Yeah. It’s a number. Number two?
And I just used individual to emphasize that everybody’s got one, right? Yes. Every limited partner in the community forms a business of some sort, whether it be a service business or construction or whatever.
So, if you want to expand on your paper for number two, that’d be good, and then you can do number three, and then four, five, and six. Yeah.
And seven, eight, and nine specifically. Yeah. Just kind of go down the numbers now over the next 24 weeks.
And really good paper on each one. Yeah.
On the stewardship, I remember you had to say that agreements between partners which are of a business nature are handled here. And those of a social nature may be like how to take care of dependent children, which are done by the Human Relations Agency. Yeah.
And so, your stewardship has got to be broad enough to take care of your dependents, right? Yeah. And of course, you’re going to rely on a lot of the other agencies to help you to put together your business plan, to help you, you know, get inventory and work in progress and finish goods and accounts receivable. Yeah.
All by factoring so that the community still owns all the assets, right? Yeah. So, you own the business processing system, but you actually don’t even own your inventory for your own materials. The bank, the storehouse owns all that through a factoring process so that you don’t have to worry about financing it.
You do pay the investment bank a percentage on the total so that you don’t have to go out and get financing, right? Yes. It’s a form of financing, but it’s called factoring. Yeah.
So that the community owns all the assets, owns the buildings, owns the equipment, owns the inventory, it even owns the accounts receivable, it owns the finished goods. Yeah. You as a business, what you’re doing is you’re the one doing all the, coordinating all the labor, all the ordering, all of the transactions.
So you make your money by increasing the value to whoever’s buying it by coordinating it all, designing it and coordinating it all, but not by owning it. Yeah. The community makes the value of owning it through the factoring process, which takes a percentage of the transaction, right?
And that’s how the community makes money so that it can pay the profit sharing that it needs to, to the investors, right? Yeah. So probably if someone was selling services, maybe someone like an architect or an architect, they would need the, of course, a lot of equipment and also inventory in terms of maybe whatever else they may need. So they’ll rent their equipment, they’ll rent their building, and then they’ll do services for others, right? And charge a fee.
That’s how they make their money. A doctor might do the same thing and a teacher do the same thing, but the teacher needs to rent a classroom, needs to rent some equipment. Yes.
From the community, right? Yeah. And then if that teacher no longer needs the equipment and building, then the community just rents it to somebody else, right? Yeah. So that’s why it’s more efficient for the community to own the assets than the individual.
Because the individual might not know how to sell or do anything with the assets, right? So the community can transfer those assets to somebody else that needs them. Yeah, very easily.
Very quickly. Yeah. So even the issue of assets which are not being employed properly, like the way we see abandoned schools, for instance, or abandoned malls, will not be possible under this system.
So what was that again? What won’t be possible? Like the way we have assets which are not employed optimally, like the way we have malls which were built and then abandoned because they could not attract tenants and so forth. Yeah. So, yeah, that’ll be a lot, you know, it’s going to be a lot quicker to fill space.
Because, you know, you won’t be building too much space. Yeah.
The village won’t be able to rent it all out, right? But the village, the components of the village are like Legos, stackable, you know, and easily added on. Yeah. And so a village might start out with just one building and then build on as it grows.
It grows, yeah. And then it doesn’t want to build too much or otherwise it can’t rent it all out, right? Yeah. So the village would probably have to prove to the bank that it has enough people wanting to lease the property.
Before the bank would give the loan, right? Yeah. And probably even before the capital bank would invest in the village.
So that the village had the down payment for the loan. Yeah.
Okay. Any other questions?
Tim: I think I’m now good to do stewardship and also clear up those several issues in the one that I submitted. There are quite a few.
