Forum Post: REPEAL THESE LAWS... please add to the list
Posted 13 years ago on Oct. 13, 2011, 11:09 a.m. EST by JNeub
(2)
This content is user submitted and not an official statement
Every law that assisted in the fall of the middle class can be looked up!
Every one of those laws has authors, co-authors, and political votes!
Lets start listing these laws and politicians that killed the middle class!
- Gramm-Leach-Bliley Act Nov. 12, 1999 - Responsible for repealing the Glass-Steagall Act
Criticisms Many believe that the Act directly helped cause the 2007 subprime mortgage financial crisis. President Barack Obama has stated that GLB led to deregulation that, among other things, allowed for the creation of giant financial supermarkets that could own investment banks, commercial banks and insurance firms, something banned since the Great Depression. Its passage, critics also say, cleared the way for companies that were too big and intertwined to fail.[24] Economists Robert Ekelund and Mark Thornton have also criticized the Act as contributing to the crisis. They state that "in a world regulated by a gold standard, 100% reserve banking, and no FDIC deposit insurance" the Financial Services Modernization Act would have made "perfect sense" as a legitimate act of deregulation, but under the present fiat monetary system it "amounts to corporate welfare for financial institutions and a moral hazard that will make taxpayers pay dearly."[25] Nobel Prize-winning economist Paul Krugman has called Senator Phil Gramm "the father of the financial crisis" due to his sponsorship of the Act.[26] Nobel Prize-winning economist Joseph Stiglitz has also argued that the Act helped to create the crisis.[27] An article in the liberal publication The Nation asserted that GLB was responsible for the creation of entities that took on more risk due to their being considered “too big to fail."[28]
Repeal automatic pay raises for Congress...
moreimportantally people have to fire the republicans that support bills on abortion and not job bills more people need to watch cspan and get informed
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.
I have been putting these peoples interviews in different threads because they are good and informative... and straight to the point.
1) I think Matt Taibbi's articles and interviews are great because he exposes in simple terms what has happened on Wall Street over the past several years TARP, QE1, QE2, TAFT, etc. This is a good video to start because these people took Matt Taibbi's article: "The Great American Bubble Machine" and set to video (it is GREAT and only 10 minutes long): http://www.youtube.com/watch?v=QEhQrnKTQk0
2) I like William "Bill" K. Black, because he worked on the S&L debacle and tells it like it is. His 5 part interview with TRNN (which is also great) is really good: http://www.youtube.com/watch?v=cV5Q_tCUPj0
3) Edward Griffin wrote "The Creature From Jekyll Island" many years ago, about the FED. The FED is a cartel of banking interest, that no-one really knows who the owners are, and was created under a cloak of secrecy. I like his presentation: http://www.youtube.com/watch?v=bhMacPvc5qc
For a lot more interviews with Matt Taibbi and other people I think are straight honest people see: http://www.just-gov.com/heroes-whistle-blowers/
Nothing at all can be accomplished until the problem at hand is rectified. That problem being that a private for profit entity has the power to create the money supply and not only regulate that money supply, but cause it to fluctuate at will. NO OTHER plan of action need be attempted until such a time when the power to create and regulate the value of money ts taken away from the private entities that have it presently. Furthermore to show you that I am not a complete neanderthal, I have come to realize something. I Figure that every American need ONLY work probably 3 months out of each year in order to provide for the basic needs of society. Knowing this I still understand that no new system of civilization will ever be implemented until the power to create money and regulate its value is returned to We the People of the united States of America. Because at this point in time, even if the American People wanted to forsake money for another form of civilization the choice to dispose of Money is not theirs as they have so foolishly allowed their power to create money be given away by bought and paid for politicians. One can not destroy what belongs to another. I hope you catch what I am saying, and just in case you don't I'll make it plain and simple.. We the people must cease bickering about ones personal ideals, wants,values, and whatever else and unite in the one common goal needed before anyone of us has any hope of advancing what they think is a proper course of action for the future of America and the world. That common goal being to return the power of creating and regulating the value of money to the people where it belongs, then if the people want to forsake money they will have the power to dispose of money as the power to create and therefore destroy money would be theirs and theirs alone.
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.