Forum Post: Demands to be issued to Wall Street Oligarchs!
Posted 12 years ago on Dec. 9, 2011, 5:49 a.m. EST by AmuroRay
(45)
from Seattle, WA
This content is user submitted and not an official statement
1.) Nationalization of Federal Reserve
- Freeze Federal Reserve Note, lending begin issuing Abraham Lincoln styled Greenback "Treasury Notes". Distribute the money supply via infrastructure that will increase our productive capacity. ie Interstate Maglev System, Interstate government owned Pipeline system, Government owned and regulated Nuclear Power Plants, Run Solar Panels up and down the interstate highway and on top of the pipelines, New fire departments, EMT Schools to traine police officers, every major city should be light railed up, Build tens of thousands of new schools 3A should be the MAX 2A should be the norm (high school athletes know what I am talking about) 1500 New Hill-Burton standard Hospitals, Fund Charity owned and ran medical centers (physicians, dentist, physical therapist all in one) shoot for one center per every 1000 people restructure higher education fund more technical universities for more skills manufacturing in particular build 1000 new technical schools nation wide to accomidate this. Fund Union owned technical schools as well.(This will give Unions more "fair" leverage in collectivally bargaining) , fund financial transitions to Eliminate State university tuition its not free you pay in your state taxes. As well as a $Trillion Credit facility for Grass Roots Small business(organic farms, free range, new technologies), so basically Private Bankers no longer create money. (eliminate bond market)
-Under the Treasury, the Federal Reserve will write off and take all losses student loans. yes, student loan amnesty is 100% possible. Federal Reserve Banks will take the losses. NOT Universities. You will have to eliminate government backed student loans completeley We will write off all Dirivatives and Credit Default swaps then outlaw them. The only thing that trades on Public Exchanges are Stocks(of Companies) and Mutual funds. Financial Services firms CANNOT own stocks under company name.(get to regulation later)
2.) Foreclosure Freeze, Homes, Businesses, Auto. -Frazier–Lemke Act styled foreclosure freeze on everything Homes, Productive business (NOT banks), automobiles will be frozen. other things that keep society going will be added. No increase interest rate. Payments will carry on January 1st of the 8th year as if it was 8 years prior
3.) Wall Street Sales Tax
- Leftist I hate to break it to you but "tax the rich" may work in standard practice but it will not work in the economic predicament. We MUST levy a 1% Wall Street Turn over tax. and Sur taxes : Oil Companies 3%, Healthcare providers 4%, Food Companies (farms) 6%. This should fill the treasury well enough for a long time.
4.) Regulation reform
- Glass-Steagal only this time BAN Investment Banks from publically trading or buying stocks at all. If they want Boeing Stock buy it from boeing as an investment loan to expand Boeings production not a hedge fund managers wallet. If they want to sell they must go through a Broker dealer from a seperate holding company. Investment banks must investment in America NOT Speculation. Allow investment banks to offer long term savings accounts like CDs and IRAs. -With the end of debt money and leverage of banks both investment and commericial, we must place a 50% lending-deposit ratio on all banks. Americans will push for a higher savings rate with sound investment and no more consumer bubbles. REAL GROWTH.
5.) Political Restructure must take place before this transition truley begins.
- Ban Special interest Political Campaign Donations, CAP campaign Budgets. -mandate all Federal Elected officials Senators and Reps rerun for office in 2012 with new campaign finance rules as stated above. Obama should be removed and the Democrats should pick a new nomination Along the lines of Dennish Kucinich.
this is just to start. It will scare Wall Street I promise. that much. I'll be back with more solutions later!
Though I agree with much of what this list says, it mostly is aimed at attempting to make Wall Street more in tune with the population. It doesn't put the national population in charge of much. We need to go further.
Read "America Beyond Capitalism" by Gar Alperovitz.
First step. Populism is always a disaster . I'll google that, but you should google.
Harmony of Interest by Henry C Carey
America NEVER accepted Laisse Faire Capitalism despite what the Neo Liberals say.
Less complicated demands and the list would benefit from prioritzation. •#5 is most important. Our government is broken, protest perhaps is the only way to make the politicians fix it. •#4 Never made sense for Clinton to repeal Glass-Steagal, reinstate and then modify more later if need be. •#3, at some point we need to think about raising taxes that skims the transactions, but as a trade off to other taxes, not a net sum gain. Government cannot manage anything efficiently, so why does it make sense to give them more to manage? •#1 and#2 are idiotic. People don’t understand, free markets, government and the purpose of the Fed Reserve..
Please think about the things government does bad and what it does good then find the difference. GOOD 1.Tennessee Valley
Government can provide the foundation for a good economy.. Thats all
All the passion, knowledge filled lists of demands and wants are being piled in a cart. Where's the team of horses to pull this cart? If anyone thinks the NYCGA is going to pull this extremely heavy cart they must live in la la land.
NGA NOW The team of Draft Horses is headed for Philadelphia
https://sites.google.com/site/the99percentdeclaration/
I agree on nearly every issue you make, but how realistic will it be to change all these laws over a sustained period of time.
I think create an alternative and take the wind out of their sails. (sales).
The Oligarchs can not survive without the 99. Once the 99 possess their sovereign right to create credit, they will also re-take their right to "write the rules". at which time many of your suggestions can be enacted.
I say, peel the onion, get to the core, and focus this movement on the one issue that will allow all else to fall into place.
The right to create credit must devolve to the individual, just as our right to vote.
We need demands. I hope this can become #Occupy's ark. If we push for the Moveon.org , George Soros reforms it won't end well.
There will be NO demands. It has been set up this way for a reason, Im just not sure what corrupted reason it is...
Then you will remain a sheeple
Dont tell me Im a sheeple, I agree with you.
Oh I get it, well then the corrupted people will remain sheeple
by Colin Barclay-Smith 1955
It's time the people knew the alarming facts. Test your own knowledge of these facts by the following questions:
Do you know that no bank lends money deposited with it?
Do you know that when a bank lends money it CREATES it out of nothing?
Do you know that bank loans are merely pen and ink entries in the credit columns of a bank's ledger? They have no other existence.
Do you know that practically all the money in the community comes into circulation as a debt to the banks?
Do you know that money loaned by a Government bank is just as much a debt to the people as if it were loaned from a private bank?
Do you know that “fixed deposits” are a plausible screen to hide the creation of credit?
Did it ever occur to you that the banks enjoy this unique facility of creating credit and putting the nation progressively into debt-bondage because they create FINANCIAL credit against the REAL credit created by the people?
Do you realize that every time a Government borrows money for a public work, the people are debited with the liability (in perpetuity), but are never credited with the value of the asset?
Do you know that every repayment of a bank loan cancels the amount of the loan out of existence?
Do you know that Treasury Notes are Government I.O.U.'s — national pawn tickets for pledging the assets of the country to the banks for the loan of OUR OWN financial credit?
Do you know that banks pay salaries, purchase bank sites, build premises, and acquire assets at no real cost whatever to themselves — by the simple process of honoring their own checks?
You may dismiss these affirmations as “incredible”, or “absurd”, but if you will read on, each one will be proved beyond all shadow of doubt.
Most of us have grown up with only the vaguest notions of money. We are fairly certain that it is the Government's right to print notes and mint coins. For the rest, our knowledge is distinctly foggy.
Most people, for example, labor under the impression that the only money in the community is notes, silver, and copper. But this is a very, very small part of the community's money.
In fact, notes, silver, and copper — legal tender — is used for less than five per cent of the total purchases made. Over 95 per cent of all business is done by checks.
This check currency is really bank-created money — bank credit — but it functions exactly the same as legal tender money. Banking authorities of world-wide repute state that banks can and do create credit up to nine or ten times their cash resources.
Banks go to great pains to perpetuate the fiction that they are merely “the custodians of their customers' deposits” — that they lend these deposits, and that their profit consists of the difference in the rate of interest which they pay to depositors, and the interest they receive from borrowers. Such an idea is quite wrong, and it is the popular acceptance of this major monetary fallacy which gives rise to most of the false notions upon the subject of money.
The facts about money are as follows: —
(1) Banks do not lend money deposited with them.
(2) Every bank loan or overdraft is a creation of entirely new money (credit), and is a clear addition to the amount of money in the community.
(3) No depositor's money is used when a bank lends money.
(4) Practically all the money in the community begins its life as an interest-bearing debt to the banks.
The technique of a bank loan
All that a bank does in lending anybody, say $1,000, is to open an account in the borrower's name — if he hasn't already got an account — and write Limit: $1,000, across the top of the ledger. The borrower is now free to operate and overdraw on this account to the limit indicated.
When the account is drawn on the check, and in turn the check is lodged in another account at the same or another bank, a “deposit” is thus created, and the supply of money increased. Thus bank loans create “deposits”, which plainly are not the source of loan money but, rather, the other way around, they are the outcome of loans.
Giving the power to create credit to private corporations was justified by the fear that politicians would abuse this awesome power. I have no doubt, politicians would abuse this power, but am now faced with the fact that those once staid and conservative bankers have passed and now a new generation of managers have become the modern bankster. Not only the Board rooms of Banking Corporations, but all Corporations have been blackmailed by “management”, that they are entitled to salaries and bonuses that amount to extortion. It is scientifically proven in study after study that, “bonuses”, impair productivity and innovation, further studies also prove that these “bonuses”, do not add to the recipients happiness or wellbeing. So why persist in this unfulfilling folly that only reaps massive pain for the citizenry and a joyless existence for a minority.
We must apply a new paradigm. I believe and suggest "the power to create credit" must be taken back by us, the people.(Worldwide) To be called Democratic Credit, it shall be a right alongside "right to life, justice, health, religion, education, .." Let us, “Occupy Worldwide” put together a “Charter” that will allow people, and not corporations or shareholders to own banks, but individual "depositors". Let the power to “create credit” be in service to the “people” to meet all our basic needs, such as health, education, shelter, work, community. Let us build our communities, and finally let the nation come to us, in the most democratic form off all, to ask our permission for the finance to deliver services that we think is necessary.
Do the 'Chartered Banks of the People" wish to finance an undeclared war? in a foreign country? that is not a security threat? to control its oil reserves? with the blood of its sons. NO!
Does the "Chartered Banks of the People" wish to finance alternative energy programmes? create millions of real jobs? increase security? strengthen its currency? Not spill blood of its sons and daughters. YES
It does not require the destruction of one system for another; it does not require the risky change back to the "gold reserve standard" advocated by the likely next President of the United States, RP . (How will the Banksters deal with him? I dread to think.)
All it requires is enough honest individuals to get together to form the first Chartered Bank of America, (Canada, Mexico) apply honest regulation, and LOBBY the people of America to give us a " Commercial Trading Bank Licence", currently only issued by the FED, a private consortium of bankers, the .001%, who control the "power to create credit" for the United States of America, the most powerful empire the world has seen in all history. For the .001% who share with the 1%, their world is made possible by we, the 99%, who are deluded into thinking there is a seat set at the table for us.
The power to create credit, the most powerful force on the planet, a power if diligently directed and applied, can mitigate the damage we as a species is causing the planet and ourselves.
We do not need to battle the incredibly entrenched forces, but simply offer a humane alternative to ourselves. If, we, the 99, support ourselves, our communities and our global village, we can save ourselves and preserve this gem that nurtured us. This whole financial system is maintained by nothing more than ‘faith”, our ‘faith”, in the system. The system works, but we no longer have “faith” in its present management, who have abused it and our “trust”. We, the 99, reclaim our sovereign right to “create credit” for ourselves, we demand the democratization of it and pose no threat to established rule or order, seek only peace and co-operation, to maintain the right to own property, real credit, and to benefit from the financial credit that real credit allows, for individuals, families and community. The time is now; the voice is - World Occupied – the 99. Peace
Total domestic product(NOT GDP) should stay even with the Money Supply
But then again markets will allow that to happen naturally ie deflation and inflation
you should create a blog to get these ideas out there. this forum, IMO, is more for blowing of steam, debating ideologies and inflating one's ego than it is for coming up with solutions. use other social networking sights also to link your ideas to your friends. FYI: they sound great. Also, send these proposals to your congress people.
I'm just trying to get some demands going that are non-partisan. My view on how markets work are on the right, but my views on solutions are a little awkard. I hate social "programs" because they are prone to fail and create dependency. I favor social "Infrastructure" because it can be re used over and over. ie Charity Hospital, School, Parks. wheras Medicare will only drive up cost. but actually building hospitals will bring down prices.
yes, i'd say streamlining the process of creating doctors and subsidizing their creation will also drive down costs. some person on this forum suggested that licensing programs is what keeps middle men wealthy and bureaucratizes the process.
If Occupies actually carried around these demands it would actually scare Bankers. Tax the rich, reelect obama, carbon tax, useless... Wall Street helped engineer all that stuff.
I we must scare them!
In essense. Yes that can be true. You should look into these names: American School of Economics Alexander Hamilton Friedrich List Henry Charles Carey
I actually think the Austrian Business Cycle is the most accurate. But it becomes useless if we remove debt based money control.
my dislike for license comes from reading Milton Friedman. he has some good ideas and some bad ones. i guess that is what should be expected with critical thinkers. what do you think of vouchers for schools?
Don't let the vouchers cross over to the private sector.
Create a Federal investment program in innovative grass roots schools (ADD/other disability programs) give them funds and in exchange mandate they let in 40% of their Student body for free all must be in bottom 45% of Americans income class. keep kid in free program dispite rise in parents income
That make sense. Adam Smith would be proud of your thinking. I often say that if half of our police force would go after big business crooks, they would not have to chase after the lower rung and incarcerate them.
Adam Smith is interesting. He was 100% wrong about Free Trade.
i like his referee analogy. but I also believe that if we freely trade ideas instead of goods with other nations, then we can learn something from free trade also. you have to put great thinkers in the context of their era. you want a new idea, read an old book. you want chaos, use an old model.
perhaps
Prosecute money launderers! Don't let bankster drug lords get a fee pass anymore. If you are not aware of the facts, know now that this is HUGE!
Its funny because thats the best way to end the war on drugs
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Investigate 9/11! If you don't get it, you don't get it. Nationalizing the Fed is good. Just make sure we seize the gold, and the the paper money.
No gold, debt free money Gold can serve as a currency of last resort
I didn't suggest using the gold as money. I'll let Ronald Earnest Paul and Bill Still slug that one out. I'm saying that the Fed issued paper money is not suitable for toilet paper. Their real wealth is in gold.
http://www.youtube.com/watch?v=4mkRFCtl2MI
http://www.youtube.com/watch?v=4Z9WVZddH9w
http://www.youtube.com/watch?v=EewGMBOB4Gg
http://thezeitgeistmovement.com/
http://blog.thezeitgeistmovement.com/
http://www.thevenusproject.com/