Forum Post: Proposal to America & the World on "How to Accomplish the Marches for the Return of the Glass-Steagall Act & to Close All Loopholes for Oil Speculators." --And how we all WIN by Succeeding Here!
Posted 10 years ago on Nov. 20, 2011, 7:32 p.m. EST by Howtodoit
This content is user submitted and not an official statement
Hello, I should first point out here that I'm an Independent, nothing said or posted here was swayed by any affiliations (except for the school of common sense). I just saw an opportunity here with this OWS Forum to hopefully help more people understand how and why we got into this Financial Nightmare, and one possible way to fix it. That's all. J.E. Miller
Starting today, America & the World turns its Focus to these two Critical Causes, why? They will hurt Wall Street’s Greed the MOST, while helping Americans & the World the MOST! The Finality will be a March held at the Lincoln Memorial and in every City and Town in the USA (and I hope the World too) on June 16, 2012, the 79th Anniversary of the signing of the Glass-Steagall Act. And maybe let's call The March: "The Financial Woodstock for Wall Street Reform!"
Why do it this way? It’s not only symbolic (in two ways), but it also shows Congress Today we mean Business! Plus, this will give us plenty of time to educate the PUBLIC, why? Because once this gets out to the MASSES, not only will they be MAD, but they will RISE UP and help us accomplish these two Huge Goals: The Return of the Glass-Steagall Act & Closing All Loopholes for Oil Speculators. You have to remember here that Congress and Wall Street pulled a fast one on us in 1999-2000, and 99% of the public is unaware of what happened; otherwise, they would of Closed Down the Wall Streets Casinos a long time ago. And once they do, America & the "Whole World" will be much better off. Plus, now our "Friends" around the World have a time-tested Blueprint on how to Breakup & Close Down their own Wall Street Casinos!
With all due respect to the U.S. News Media who pose this question, "How do we repair the Economy?” The first two required steps are to Reinstate the Glass-Steagall Act & Close All Oil Loopholes, why? For example, the shattering of the G-S Act in 1999, which removed the barrier between mixing banking, securities, and insurance activities, is now conclusively linked to the major collapse of America's Economy--and their Saving Accounts (see Step 2). And why Close Oil Loopholes? Oil is over $95 a Barrel now and it’s not because of a Supply and Demand problem...it’s the Financial Giants gobbling up the “Oil Futures" contracts and hoarding them. How can they do this? Congress changed the Energy Regulation Laws with the Commodities Future Modernization Act of 2000 (see March Forum), which Deregulated ENERGY markets (and Derivatives). So we don't have an oil shortage problem, we have an Oil Speculation Problem! How do we fix it? We call former Chair of CFTC Brooksley Born & Dir. Professor Michael Greenberger, why? They tried to stop it. And Media please help us fix this mess by letting the public know what really happened and is still happening...
Step 1: UNITING THE WORLD
1-First, to help Unite America & the World we need to find a Project Manager, whether that be a Individual or an Organization; and then have them form a "Worldwide" broad-based Coalition of Organizations such as Non-Profit Groups, Trade Associations, and Corporations who believe in our Cause. Why? For this Plan to Work, I feel it has to not only include organizations found in every City & Town in America, but it also has to include organizations found on every Continent. If not, it may not work. Friends, this is most likely the most difficult and most important battle for our Financial Future we will ever Face! It's that Big on Wall Street, and throughout Wall Streets of the World!--Why? They want to keep their Casinos Open! So they will Fight us with everything they have: Tons of Cash to Fund every Trick in the Book--But, We the People, UNITED, Will Win this War! And because of the importance of having this Regulatory System back in place, I feel the Glass-Steagall Act of 1933 http://en.wikipedia.org/wiki/Glass–Steagall_Act & the Commodity Futures Trading Commission Act of 1974 (which will Fix Oil/Derivatives Loopholes) http://en.wikipedia.org/wiki/Commodity_Futures_Trading_Commission both should be Enacted into Constitutional Amendments. So this doesn't happen to Future Generations--ever again!
Step 2: EDUCATION
1-Before we March for the Glass-Steagall Act & for the End of Oil Speculator Loopholes, everyone needs to be on the Same Page. All please thoroughly study these links:
November 4, 1999, the day America's current "Financial Nightmare" began: http://occupywallst.org/forum/the-day-the-gramm-leach-bliley-act-of-1999-came-up/
"The Warning" CFTC Chair Brooksley Born "Sounds the Warning on Deregulations" and Alan Greenspan...are furious about it! http://occupywallst.org/forum/the-warning-frontline-show-former-cftc-chair-brook/
Step 3: ORGANIZATION
1-Next, we need to create a Facebook page with pics of "The Signing of Glass-Steagall Act" (you get the idea), our Mission Statement, Educational Links, more on the Marches, Fund Raising links, etc.
2-Marching Signs: Here's some pics to use; go to Google Images and type in the Glass-Steagall Act of 1933. And maybe at the Marches we have two large pics: Senator Glass on one side of the stage, and Senator Steagall hanging on the other? Plus, remember FDR signed it into Law. There's also a group shot of all three there; let's also honor their Relatives at the Marches too? Nice icing on the cake. Also on Google Images find the last pic at the end of this link: "We Killed Glass-Steagall" (priceless): http://www.youtube.com/watch?v=x0k2PmF-o5Q&feature=related Plus, we need some Anti-Oil Speculator Signs too.
3-We can also use these pics for Posters, T-Shirts, Buttons, Hats, etc.
4-To future Educate the Public, we also need a flier with a brief description (in plain english) on why we need to Reinstate G-S Act & to Close Oil Loopholes (or in other words why they are central to our Causes; for example, G-S Act worked fine from 1933 to 1999, until they Modernized it in 1999!--Same with the 1974 CFTC Act, until they Modernized that one too in 2000!)
We want to break it down like this:
--Time to Reinstate the Glass-Steagall Act, why?
--Time to Close All Loopholes for Oil Speculators, why?
Step 4: ALLIANCES/COMMITTEES
1-To Draft the Legislation to Reinstate the G-S Act of 1933 & CFTC Act of 1974 (plus to fix the other Wall Street schemes), now we should reach out to the Experts who know how to get this written up & done right; such as:
--Senator Byron Dorgan
--Former Chair of CFTC Brooksley Born
--Former Director of CFTC Professor Michael Greenberger
--Senator Maria Cantwell
--Americans for Financial Reform
--Elizabeth Warren, Special Advisor for The Consumer Financial Protection Bureau
How did I come to this conclusion? After 4 years of researching this subject, which seems to be dominated by Corporate Greed verses the best interest of Americans, this distinguished group are the ones that have been in the trenches fighting this War against Financial Deregulations for us. And most since the G-S Act & CFTC Act of 1974 were removed in 1999/2000. So that's my A-Team working in Harmony for Financial Reform, what I would call "The Super Committee for Financial Reform." And I strongly feel that we should Invite "all" of the them to table, why? Because when we accomplished this "Huge Task"--they all deserve to be a Big Part of it; after all, they are the most Qualified--I feel we should Honor their work & many others!
Step 5: BRINGING THE MARCH TO WDC ON 6/16/12 & WORLDWIDE
1-First, we need to find a great Advertising/PR Agency (or Inter'l Alliance of Ad Ag?), to help put us on the World's Stage...and to give us the Marketing Tools we'll need. Then, we need to reach out to a Concert Producer who has a lot of experience producing Large Scale Events such as FarmAid; one that knows how to go Worldwide, which includes TV Coverage with the Networks and Cable Stations. In addition, to give our Marches more legitimacy, I feel we should also have the same Alliances mentioned above on a Live TV & Interactive Panel.
Step 6: FUND RAISING
1-Of course, to Create these Marches in every City/Town in USA & the World means we are going to have to ask for a lot of favors; but, we also need to start a Fund Raising Drive through the Facebook page now. As we Educate the Public on how we got here, I feel more of them will Help us--THEY will love You for doing this!
Step 7: CALL TO ACTION
Folks, it's the "Big Two." The Two Biggest Changes that will help Americans & Citizens of the World the most NOW. How? One thing experts say a Barrel of Oil (in USA) will Drop to under $70. At least according to Exxon's CEO in May/2011: http://www.youtube.com/watch?v=LY420_U4U0I
And since Marching is in style now, it's Time for All of America & the World to Unite and Knock this out Soon! United this is a Cake Walk! Education is the Key! And once this gets out to the general public some of the people in the business of Trading Energy Futures will have some questions to answer for us; such as, with all due respect, how can you sleep knowing your Excessive Speculation in the Energy Commodities Markets is costing a lot of HARD WORKING fellow Americans & Citizens of the World the ability to pay their Bills?--You all are Wrecking the World's Economy!--For example, why did American Airlines just file for Bankruptcy Protection? One big reason was they couldn't afford their Fuel Cost. Why? We know now. Instead Traders, come on, you all know the Real Deal too; so please help America Close these Loopholes. Then, it's all good.
Additionally, we have the Lawmakers and Financial Lobbyist to deal with, the ones who are against Reinstating the G-S Act, which was put into place by the Congress in 1933 to not only help Save America from the Great Depression, but also to prevent their "Financial Nightmare" from happening again to Future Generations--so much for that!
And, after all, haven't the Wall Street Players made enough money? And how many Billions have they lost of our money? And how much money did we spend to Bail them out?--I guess that's why they want to remain Unregulated! Here's a link I found that sums it up well: http://www.youtube.com/watch?v=w2nZbo8SKbg&NR=1
Step 8: (below)