Posted 7 years ago on Dec. 9, 2011, 5:49 a.m. EST by AmuroRay
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!