Forum Post: Not a, entire platform, just 4 Proposals regarding the Fed, separation of corporation & state, lending and investing and a licensing system for repossession and dumping.
Posted 13 years ago on Oct. 15, 2011, 2:30 p.m. EST by IndenturedNation
(118)
This content is user submitted and not an official statement
1.) A check is needed on the amount of aggregate debt in society that is inherently created by a central bank system.
Economies monetized by central bank systems can only grow through the creation of debt, and a central bank’s power is directly proportional to the amount of debt that it creates. In order to eliminate the inevitable creation of a state of generally indentured servitude there needs to be an alternative method to create liquidity that is not through the creation of debt, in order to balance the system and retain economic freedom in society as it grows. In order to ensure the new additional method does not create more problems than it solves, such as rampant inflation, this power must be as separate from politics as a central bank must be, and might be triggered by some ratio of aggregate debt to GDP, for example. A Constitutional Amendment to create this power is needed in order to retain a free society.
2.) The establishment of a clear separation of Corporation and State is needed, similar to separation of Church and State.
Corporations are too powerful to be involved in politics and retain an effective free democracy. In order to prevent legislation that unnecessarily has value to the few at the expense of the many that the many would not agree with if the real effects were clear to them in real time, it is necessary to prevent the involvement of Corporations in politics and legislation. This separation of Corporation and State is intended to parallel perfectly the separation of Church and State. Corporations should exist only to serve society in a free economic system, not to govern society through political manipulation.
3.) Repeal the Gramm-Leach-Bliley Act.
It is impossible to enforce the prevention of conflicts of interest when lending and investing activities are co-mingled. In 1999 the Gramm-Leach-Bliley Act repealed The Banking Act of 1933, which had been determined that it was necessary to separate lending and investing activities after a review of the factors that led to the Great Depression. Within 10 years of the repeal of this protection the Great Recession occurred. The Banking Act should not have been repealed (with disastrous consequences). The Gramm-Leach-Bliley Act needs to be repealed.
4.) Establish local, state and federal systems to license the repossession and sale of repossessed property.
Overwhelming rampant predatory lending has led to the inability to enforce predatory lending laws and the collapse of key markets as properties are repossessed and dumped. The costs of this are borne at the local, state and federal levels. Since existing predatory lending laws have proven insufficient, the establishment of a licensing system to repossess and sell repossessed property is needed to appropriately dis-incentivize the practice, motivate lenders to negotiate in periods of general economic instability rather than repossess and dump property, and to compensate local, state and federal governments for the costs of repossession and dumping related activities.
I was thinking, we could have a party whose goals are to simply to implement a short list like this and resign immediately after.
I agree. It would be nice to see a viable new political party, but in truth perhaps what is really needed urgently is short lived but extremely powerful popular movements to make a difference.
We have given up our right to create our own money! We are missing the big picture. Federal Reserve is born
In 1907 the greatest of the depressions occurred and hundreds of thousands of people were bankrupt and suffering. The bankers said, “We must do something in order to establish a system in this country that will enable us to survive and prosper.” So in November 1910, a group of the most powerful men in the world and the leaders of the financial system in the United States met at J. P. Morgan’s private hunting estate on Jekyll Island, off the coast of Georgia.
The two most important individuals who took part in this were Senator Nelson Aldrich, the grandfather of Nelson Rockefeller, and a man by the name of Paul Moritz Warburg. He had come from Germany in 1902 and with Rothschild money had purchased a partnership in Kuhn, Loeb & Co. in New York. He then received an indefinite leave of absence with a salary of $500,000 a year to go up and down the United States to organize opinion in favor of a banking system based upon that of Germany. (The German banking system was presided over by Paul Warburg’s twin brother, Max Warburg. —Ed.)
What these bankers wanted was a system that would appear to be established by the federal government and in which that government would take complete responsibility for all the obligations issued by the bank. But the notes issued by the bank would be private paper, controlled entirely by the banking system. The banks would then be able to control the money supply, determine what the interest rates would be, and what credit would be extended. It would be a system by which they would achieve total control of the country and the people therein.
Conspiracy germinates and grows in secrecy.
The conspirators spent about two weeks on Jekyll Island. It was probably the most secret conclave that has ever taken place in American history. They went to Georgia from New York in a sealed train. They used code names. They sent the regular estate servants ashore for vacations and hired a temporary group of servants who didn’t know any of them. They battled for about two weeks and gradually agreed upon certain principles that would be the basis for a new American banking system.
When they came back from Georgia, Aldrich, who was a stately old solon from Rhode Island, introduced what he called the Aldrich Banking Bill. Since it stank to high heaven of Wall Street it was rejected by the Senate Banking Committee out of hand and never got to the floor of Congress.
But the wily gentleman from Germany, Paul M.Warburg, knew exactly what they would have to do in order to put this over. “We must take away from this the stigma of private enterprise,” Warburg said. “We must convince the people that it is a government agency. We must call it the Federal Reserve System. Then everybody will think that it is a government organization and that it is constitutional. But we will so operate it that actually it will be under the control of the same bankers who want it for their own private benefits.” http://web.archive.org/web/20010225021123/http://www.go-oaktree.com/LarsonFed.htm
Interesting...I did not know that.
Most people do not know we have been taken. How can we stop this?
This will continue until the American people understand just how they are being robbed and what they can do about it. A new monetary system has to be established to protect the freedom our Founding Fathers meant us to have---and keep.
I would say this to you, ladies and gentlemen. We must re-establish the kind of constitutional money system in this country that Jefferson wanted. He said that only the Treasury of the United States should create and issue legal tender money. He said that all money should be redeemable either in gold or in silver. That's the reason our Founding Fathers put into the Constitution a provision that no state shall make anything but gold and silver tender in the payment of debts. (In other words, the states may not issue legal tender money, and no private bank should either!)
If we go back to that kind of system and do away with fractional reserve banking, we may be able to re-establish a constitutional government in the United States. Wake up America!
tell it to the poll https://docs.google.com/spreadsheet/viewform?hl=en_US&pli=1&formkey=dFlNNHJTRlZwMWs5ZjlhTWN0NlZReHc6MQ#gid=0