Forum Post: What specific proposals do you have to fix business?
Posted 13 years ago on Oct. 18, 2011, 8:32 a.m. EST by JimBingham
(15)
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Put your ideas out there:
1) Executive pay in banks should be based on a on an average of 10 years earnings and there pension should only be secured by x percent of future earnings of the company.
How does Glass Stetgall work and help?
Nah, just reinstate Glass Stetgall act its only 34 pages is lot simplifier to enforce than the Barney-Dodd Finanical reform bill. Banks that have nothing to do with financial mess should be left alone, and the big banks getting tax dollars and need help should be given time get out of investment business and allowed to recapitalize.
How does Glass Stetgall work? How does it help?
Look up congressional testimony back in 1933 regarding the bank failures and the conflict of interests that arouse because we did not separate banking functions.
New Pecora Commission chaired by William Black, with public hangings to follow.
Hear! Hear!
Government should get the f out of the way of entrepreneurs.
the business cant fix but can replace because he stand in many rules u must destroy the roles and rebuild another roles
Business shouldn't be told what to do by people who don't know what they are doing. Ows or government
Start the war against Injustice by starting our own banks to double the income of the Bottom 99% of Workers, for many more people will come to your side when you are proactive (for “new” Business & Government solutions), instead of reactive (against “old” Business & Government solutions), which is why what we most immediately need is a comprehensive “new” strategy that implements all our various socioeconomic demands at the same time, regardless of party, and although I'm all in favor of taking down today's ineffective and inefficient Top 1% Management System of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves, and thus doubling our income from Bank Profits which are 40% of all Corporate Profits; that is, using a Focused Direct Democracy organized according to our current Occupations & Generations. Consequently, I have posted a 1-page Summary of the Strategically Weighted Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategically_weighted_policies_organizational_operating_structures_tactical_investment_procedures-448eo
Join http://finance.groups.yahoo.com/group/StrategicInternationalSystems/ because we need 100,000 “support clicks” at AmericansElect.org in support of the above bank-focused platform.
Most importantly, remember, as cited in the first link, that as Bank Owner-Voters in your 1 of 48 "new" Business Investment Groups (or "new" Congressional Committees) you become the "new" Online Congress, and related “new” Businesses, REPLACING the "old" Congress, and related “old” Businesses, according to your current Occupations & Generations, called a Focused Direct Democracy.
Therefore, any Candidate (or Leader) therein, regardless of party, is a straw man, a puppet, a political opportunist, just like today; what's important is the STRATEGY – the sequence of steps – that the people organize themselves under in Military Internet Formation of their Individual Purchasing Power & Group Investment Power. In this, sequence is key, and if the correct mathematical sequence is followed then it results in doubling the income of the Bottom 99% of Workers from today's Bank Profits, which are 40% of all Corporate Profits.
Why? Because there are Natural Social Laws – in mathematical sequence – that are just like Natural Physical Laws, such as the Law of Gravity. You must follow those Natural Social Laws or the result will be Injustice, War, etc.
The FIRST step in Natural Social Law is to CONTROL the Banks as Bank Owner-Voters. If you do not, you will inevitably be UNJUSTLY EXPLOITED by the Top 1% Management System of Business & Government who have a Legitimate Profit Motive, just like you, to do so.
Consequently, you have no choice but to become Candidates (or Leaders) yourselves as Bank Owner-Voters according to your current Occupations & Generations.
So JOIN the 2nd link, and spread the word, so we can make 100,000 support clicks at AmericansElect.org when called for, at exactly the right time, by an e-mail from that group, in support of the above the bank-focused platform. If so, then you will see and feel how your goals can be accomplished within the above strategy as a “new” Candidate (or Leader) of your current Occupation & Generation.
Get republicans to vote yes on jobs bill-by any means necessary-POWER TO THE PEOPLE!
lol. jobs bill. If people don't want to be picking fruit or digging coal, why would they want to be building "infrastructure"? At best, government can create zero jobs. At worst, they impede job creation.
These are going to seem wonkish, but they're pretty simple and believe me they would be revolutionary - albeit in a boring, bankish sort of way
Move all FDIC-insured bank accounts to a central account AT FDIC!. No more hidden subsidies and monkey business. FDIC-insured banks then borrow the funds they need from FDIC - their regulator - at a rate that accurately reflects the riskiness of the bank.
Open the Fed discount window to all non-FDIC-insured banks and eliminate all lending shorter than 3 days. This would greatly reduce the threat from the fly-by-night world of overnight lending which has only a theoretical relationship to reality.
Create a permanent Commercial Paper facility @ the Treasury or Fed. This would eliminate the "Angel of Death" threat to the real, commercial-paper-financed economy from the shenanigans of the Shadow Banking System.
Create 50 state banks to handle the finances of the state and municipal governments. This would prevent the states and municipalities from going bankrupt and reduce their costs.
Move about $5 trillion in U.S. federal debt onto the books of the Social Security Trust fund - AS AN ASSET - by re-funding the trust fund through legislative fiat. This would provide a stable, predictable source of money growth and downward pressure on interest rates for a generation.
The devil is in the details so wonkish is good
Thanks, I think you're right and you bring up a good point.
I think OWS protesters have been unfairly, negatively comparee the financial creationists in the Tea Party because TP-ers have simple (wrong) answers and OWC-ers have more questions than answers - as well they should.
BTW: to your previous question about Glass-Steagal, the idea is to separate safe, insured deposit banking from high-risk investment banking.
This is a technical, but important part of Glass Steagal.
As a separate but related matter, the idea is to separate banking from client-based investment activities in order to prevent bank self-dealing and investment scams.
This really gets to the worst abuses of Wall Street.
I agree with the Glass Steagal point. Did I compare financial creationists to the Tea Party? Like to know how
You didn't!
Adjusted my wording to make clear that I meant to agree and augment your point.
1) Eliminate the stock market. Debt should be based on the principal plus a small amount of interest* for each loan. Outside investors should not be able to purchase an entitlement to profits earned as profits rightfully belong to those who produce them!
*Interest can be argued as fair given the risk of investment. Therefore, interest must be charged in order to cover the debt of businesses which have failed as well as to supply a living wage to the accountants who make the loans who are providing a service by pooling the resources of many when the resources of the few are insufficient. That being said, it is unjust to profit merely through ownership which is how economics in this country currently operate.
Whom do businesses borrow from and how is this interest rate set?
I think your focus is in the right area, but keep in mind that America is the center of the world's financial system. It's tricky to transition to a new system as quickly as you suggest. Doesn't mean you're wrong. Just means that what you want may not be defined by four words.
1 ) Create a National Bank , that has 50% of market. Leave the 50% to pivate banks. Not let any private bank hold more than 10% of market. If a private bank crash, let it bankrupt... it will not be any more "to big to fail" 2 ) Create a new currency backup on tangibles, like www.energybackedmoney.com not gold.
Great ideas!!!!
We need more! The world wants to know and the movement has created the power.
1) End the Federal Reserve trough 2) Get government and business as far away from each other as possible