New Publication – World Austerity Report (WAR)

draft post
Welcome gentle reader to to launch of WAR, the World Austerity Report. I am pleased to acclaim we enjoy the association of a group of very talented and dedicated editors. I take to opportunity to call on all activists of good will to bring many submissions of articles and essays to our editorial board as we endeavor to cover a broad range of topics even as our focus remains narrow and pointed.
Austerity must STOP.
Economic Prosperity may be had as soon as we demonstrate the Political Will to bring it forth.

I propose a few headers for serialized columns; Recipe for Economic Development, & American Revolution – 21st.Century Style

Now as I am hoping to whet your appetite it seems fitting to begin with “The Recipe”
Chained CPI got you down?
Tired of eating Cat Food?
Wishing you could afford Steak?
Do you wonder where is the political will to do a simple thing-
like raise the cap on the Social Security tax structure to keep the fund healthy?
How difficult is it to see that is the right move?

“How to cook up an Economic Recovery; The Recipe”

So First the sizzle as they say. Are you like me, do you love a good Steak? I enjoy a nice red sirloin when I can afford it but often I purchase the Round Steak when the budget permits. What about that other beef, the Chuck Steak, though stuff if you treat it as a sirloin. My Grand Mother feed me a lot of Cube Steak, kinda’ the same thing but she always made it taste good with a light brown sauce. There are delicious meals to be had with the non-sirloin beef cuts at the market and when cost for the budget is an issue you may want to know about this one particular meal I enjoyed when I was young.

1) File under Beef – Full Meal – Oven

2) The challenge is: Chuck Roast dinner with Potatoes, Onions, and Carrots.
(Well if it is not a challenge, why bother)
I.E. “it did not turn out like I expected” 😦

Many will say the source definition of the word “recipe” is go get, or gather together, so it IS a list but not just a list. When I write down a Recipe I often format it with the intention of having it go into someone’s recipe box. Some folks like to have the origin of the dish or the context of the cuisine at the top. I however like to list that Third but I also like to make it personal.

3) From a fellow born (1960) in a Massachusetts seacoast town who learned it from his Mom who’s parents in turn were French-Canadian emigrants.

The Forth thing I like to set is a synopsis of both the equipment employed and/or the philosophy employed. Very important to some people!

4) The classic oval enameled roasting pan with cover. Hot Air Roasting with no water, with bone in roast Rubbed with Salt. After 30-45min at 375 degrees add 1/8 to 1/4 (size of pan) of a cup of water, Just to keep the drippings from burning.

There it is, That’s the secret to this meal. Quite a meal it is too, but add water too soon and too much and you wasted your time.

5) Recipe
Bone in Chuck Roast, thicker the better, 2 in. if you can get it.
Potatoes peeled or not
Carrots chopped or not
Onions (this is the best part) whole or in half
Salt perhaps as much as 1/3 of a cup or more

6) Roast at 375 degrees, meat only open/no cover full hour at least;
-add just a little water at 30-45 min. 1/8 cup if needed, less
-add vegetables placing Onions atop the roast
-check again 60-75min to add just a little water 1/8 cup if needed, less
-nibble an Onion
-at aprox. 80-95 add 1/8 or more cup water and cover for remainder
(slight steam pressure drives flavor back into the meat)
-if roast is large may keep in 2-1/2 hours
-pull meat and soft veg. out set aside to keep warm
-add water to pan perhaps as much, or less, to fill to 1/2 to 3/4 in. high
and on stove top boil the potatoes and recover meat drippings 10 min.,
longer if you want softer potatoes

Serve as platter meal at family table. If it comes out right you WILL KNOW IT, I Promise.
— recipe submitted by Al the Electrician

Well I’m not just an Economist ,, — Smarter than Joe the Plumber, ehy?

The word ‘recipe’ as we said, can be interpreted as go get, or gather together. So it is a list, that is the way we see them most often but a recipe needs to also describe method and technique. When cooks pass their recipes back and forth they change them a little each time. We are not afraid of too many cooks in the kitchen and when we are proud of our recipes we allow and welcome testing and modification.

I boast that I know how to generate a true and real economic prosperity, where to find all the needed ingredients and that all budget cuts are unnecessary and counter productive. Therefore when budget cuts kill it constitutes murder.

This introduction of “The Recipe” is intended to be spread as an invitation for discussion that can transform and reshape itself as the banter develops in the same fashion as the cooks and chefs would do their recipes.

There is a section of our population that is of particular risk. We at UFAA had recognized this during our founding conference back in October of 2012. We warned “Do not be fooled by the current rhetoric describing that any proposed changes to Medicare or Social Security will only effect programs of people below a certain specified age. I go on record, offering my personal perspective, telling you the elderly are in extreme danger and you must prepare now to defend them. I fear that if the people do not rally to protect the elderly the Nation may loose its soul. At the time you were not being told that the cuts proposed to Medicaid will hurt the most because that is how the nursing homes are funded. We made a call to action, no cuts are necessary and We are here to explain why and to tell what we can do instead. If our government were not in a state of hijack, it would be a simple matter of passing a bill to provide funding to Medicaid dispensations to people above a specified age expanded to provide for total needs, which makes sense because the total of our physical economy is bequeathed to us by all those gone before us. This means that the older ones among us have more right to its use than anyone else. The funding for this expenditure should come from revenue derived from Capital Gains Tax specifically because the piling up of monetary purchasing power garnered from the Capital Gains of financial instruments represent an extraction, a redistribution of wealth away from the people. A properly adjusted Capital Gains Tax commandeers this looting from the people back to the people and it is very moral to appropriate this to the elderly. Providing a boon to the geriatric care sector is a jobs program and since everyone gets old there is no playing favorites here. This is a description of something you should expect to see in a sane economy.

Alas, the government is in a state of hijack. The two majors parties are in a state of hijack. The banks are in a state of hijack. The news media is in a state of hijack, even the universities are in a state of hijack. So an increase in the Capital Gains tax rate is not (politically) doable, another way must be found. The means of funding must make sense to the broad majority of citizens and since we can not rely on party pundits or media outlets, we need to do this ourselves.

The answer we have came up with is a Transaction Tax on the quadrillion dollar turnover on Wall Street where presently no sales tax is levied at all. Let the popular name for this push be “The Wall Street Sales Tax”. The slogan “Stop The Cuts, Tax Wall St.”. Keep in mind this will have to be accomplished in a environment where the massive fraud and looting in the banking and investment sector has brought no prosecutorial response from government whatsoever. We warned “The austerity push is coming down the pike regardless of who is wining the Presidential election or wining the control of Congress”. “There is no time to loose, you must begin organizing now”, is what we agreed had to be said. Others will chime in and showcase the risk of other groups, the young for example. We will develop for you a step by step description of all the necessary ingredients for a full blast economic recovery.

Join in the banter. Let many chime in here and there, tweak the Recipe, make it your own. Pass it on to your children.

So in addition to a Letters to the Editor section,
we may set up a Letters to the Chefs section.

Recipe #4

So First the sizzle as they say. Are you like me, do you love a good Steak?
I enjoy a nice red sirloin when I can afford it but often I purchase the Round Steak when the budget permits. What about that other beef, the Chuck Steak, though stuff if you treat it as a sirloin. My Grand Mother feed me a lot of Cube Steak, kinda’ the same thing but she always made it taste good with a light brown sauce. There are delicious meals to be had with the non-sirloin beef cuts at the market and when cost for the budget is an issue you may want to know about this one particular meal I enjoyed when I was young.

1) File under Beef – Full Meal – Oven

2) The challenge is: Chuck Roast dinner with Potatoes, Onions, and Carrots.
(well if it is not a challenge, why bother) I.E. “it didn’t turn out like I expected” 😦

Many will say the source definition of the word “recipe” is go get, or gather together, so it IS a list but not just a list. When I write down a Recipe I often format it with the intention of having it go into someone’s recipe box. Some folks like to have the origin of the dish or the context of the cuisine at the top. I however like to list that Third but I also like to make it personal.

3) From a fellow born (1960) in a Massachusetts seacoast town who learned it from his Mom who’s parents in turn were French-Canadian emigrants.

The Forth thing I like to set is a synopsis of both the equipment employed and/or the philosophy employed. Very important to some people!

4) The classic oval enameled roasting pan with cover. Hot Air Roasting with no water, with bone in roast Rubbed with Salt. After 30-45min at 375 degrees add 1/8 to 1/4 (size of pan) of a cup of water, Just to keep the drippings from burning.

There it is, That’s the secret to this meal. Quite a meal it is to but add water too soon and too much and you wasted your time.

5) Recipe
Bone in Chuck Roast, thicker the better, 2 in. if you can get it.
Potatoes peeled or not
Carrots chopped or not
Onions (this is the best part) whole or in half
Salt perhaps as much as 1/3 of a cup or more

6) Roast at 375 degrees, meat only open/no cover full two hours
-add just a little water at 30-45 min. 1/8 cup if needed, less
-add vegetables placing Onions atop the roast
-check again 60-75min to add just a little water 1/8 cup if needed, less
-nibble an Onion
-at aprox 80-95 add 1/8 or more cup water and cover for remainder
(slight steam pressure drives flavor back into the meat)
-if roast is large may keep in 2-1/2 hours
-pull meat and soft veg. out set aside to keep warm
-add water to pan perhaps as much, or less, to fill to 1/2 – 3/4 in. high and on stove top the boil the potatoes and recover meat drippings 10 min., longer if you want softer potatoes

Serve as platter meal at family table.
If it comes out right you WILL KNOW IT,
I Promise.

Well I’m not just an Economist ,, — Smarter than Joe the Plumber

The Recipe #3

from 2011

Testimony for United States Congress Joint Select Committee on Deficit Reduction
ie. Supercommittee

Thank you Madam Cochair Murray and Mr. Cochairman Hensarling and Committee members for the opportunity to give this presentation.

Knowing that the issues before the committee are largely of budgetary concerns I have endeavored to frame the my testimony to you to fit with as exact relevance to the mater as possible. The most reasonable and responsible approach seems to be that proposed measures be divided into short-term solutions, medium-term solutions and long-term solutions to appropriately address the “fix-this-now” sentiment that drove the formation of your committee.

The best, first and, most responsible statement one could make would be that; The expectation of instant resolution is impractical as it took many years for us to get into this mess and the need is more of one to embark upon a well defined road in which our people have faith. That is the immediate task. People are fearful, angry and mistrusting of the road we are on now! Therefore in choosing the proper road to travel we then can manifest the viable and empowering goals aimed at and the attendant measuring sticks to gauge success in time.

The Short Term is the purview of the committee.

The actions in the Short-term are necessarily done with both the probable middle and long range conditions being considered. We are haunted by the specter of further collapse of revenues with reduction in expenditures of many specific types but there is one way tried and true, tested method of invigorating the revenue base and raising revenue at the same time.

I refer to the import Tariff, which if implemented correctly would cause no trade war and increase the attractiveness of domestic investment in manufacturing. A ten year schedule of periodic incremental increases would suffice to lend predictability to the environment perceived by investors. The benefits would be jobs at home and a reversal of the trade imbalance trend. From the consumers point of view this amounts to a user fee type of tax, those that advocate a “value-added-tax” should be able to support this provided they see the Tariff as a better way and somewhat equivalent.

The VAT approach does not stimulate the economy the way the Tariff can and has done in the past. I would entreat the committee to examine the principled association of the the means of revenue with the methods of expenditure and the economic zones they impact. The promotion of the Manufacturing Arts benefits us all. It seems reasonable that those who benefit the most from expenditures in the promotion of the manufacturing arts partake in the generation of the revenue that promotes them. The Tariff accomplishes this without punishing those whose entrepreneurship brings success. The long term concern is that the Tariff should become high enough to protect all (or most) not just the best to exclusion of all others.

Take defense expenditures for instance, is it not reasonable that all commercial entities doing business with the department of defense during war time pay an additional tax to their incomes to supplement the cost of conducting warfare and prosecution of hostilities from which they profit. At the end of the conflict the additional tax may end and they can go back to the business of preparedness. Not much else needs to be said to this account.

To continue the theme of the connectedness between expenditure and revenue; those that are reaping the greatest profits today in the economy as it is, should be easily compelled to recognize, the physical wealth, the use of which is commandeered to them by their successful accumulation of monetary and financial instruments, is the total presently existing effect of all past human history and to some degree belongs to the future just as it was bequeathed to them.

Therefore it would absurd that they should not willingly bestow the use of some of that physical wealth to care for the most elderly among us as they are the ones alive now that have contributed most to creating what we all presently enjoy in our society.

The best way to keep Medicare solvent is to apply funding for the (total) care of the most aged from the special additional tax on incomes in the highest bracket. I know Warren Buffet would approve and so would most of the nation provided they trust that such revenues are directed solely to these purposes. This is one example of the sort of pathways the so-called job-creators should be using but are not yet. They need a nudge. It would mean a boon to geriatric medicine and have cost reduction ramifications throughout the whole heath care system. The revenue from Capital Gains tax should be set to the level needed to finance the total care of additional provisionally qualifying citizens, veterans for instance.

Next on the list of things to address is the National Debt. We have experienced a crash in the revenue base and an explosion in rates of outflow and the issue of runaway effect of interest is paramount. Perhaps the proper metaphor is we have run out fingers to plug the holes in the dike. If the people are impoverished and have no funds, then the government is impoverished and has no funds, is that the end of the story? Well a couple things; the money had to go somewhere?, does it still exist?, Is it gone forever?. I know the Federal Reserve has been busy buying stuff and injecting capital it does not really have. I believe it to be proper to delineate a set of economic activities most people would deem wholesome for their direct connection to the support of life but in which the flow of funding and circulation of cash seems to be diminishing. A different set of economic activities not so wholesome seems to be having an increase in the circulation of its instruments of funding. I have some ideas of where the money is being dammed-up. A great proportion of our population pays a Sales Tax, yes we all pay taxes even if we do not pay income tax and this is an important revenue, but there some very good reasons for why we should not wish to have these sales taxes be contrived as user fees. Now while the government derives an income from sales taxes of a great many transaction types it should not be deemed equivalent the economic value of the brothel in Nevada and the machine tool plant in New Jersey even if both pay sales tax. Now even that aside, there are some exempt from sales tax and this should be gaged upon the estimation of that activity being wholesome enough to wish not to restrict it and let it run free. There are many transactions that take place each day concerning financial derivatives that are free of any sales tax and I am not sure if I would describe them as wholesome and deserving of exemption. If the US Congress would enact a Tobin Tax of 1% , that would do the trick, we would have balanced the Federal Books in two weeks! In fact there is a law on the books right now in New York State prescribing this kind of tax but it is NOT enforced. Likewise Albany could balance it’s books quite readily. I wish to insinuate that the Tobin Tax principle should be broadly applied beyond simple currency swaps and currency transactions to all types of derivatives and commodity trades, not just futures and options. High speed stock purchases should fall under the same statutes to set an even speed playing floor. This would go well beyond eliminating the deficit to retiring the debt in short order.

There are many clear examples of what I am inculcating here. While the committee’s mandate is to get us though this present crisis and be done with itself, we hope, it will foster the enactment of better decisions, when taking the long-term in to consideration when immediate actions in the are enacted in near-term.

One of the best things the Committee could do would be to put the return to Glass-Steagall squarely in the public eye with a through open debate, right now, and end all these secret back room antics. The public would readily become conversant with the concept of good money vs bad money and the distinction between economics for the sake of sustaining the lives of people though production and invention vs. the economics of making money for the sake of sustaining money, which really is not economics at all, in fact, by building debt structures with no real benefit, it is just looting and robbery.

The populace would learn not to fear the capital evaporation resulting from the bankers’ mutual debt to one another during the bankruptcies of the dying system if the people are given a clear example of how funding can be created and extended without debt structures attached, and without an inflationary effects involved.

We can hearken to President Kennedy’s (Executive Order 11110) Silver Certificate Issue and be clear that when expenditure of funding creates economic value that was not there before, that new value is the legitimate backing for the currency created for the funding of the expenditure. Education presents a concise example; students graduating and wishing to be engaged in employment will pull a paycheck out of the currency in circulation and each year as the number of graduates add to the number of people wishing employment the amount of currency available to service the cashing of those weekly paychecks will increase, otherwise the beans in the pot will have to be cut fractionally to spread to a lager group.

Presently this happenstance is accommodated by banks borrowing at the Federal Reserve discount window and other currency extension mechanisms all with debt structures attached. In this case it is shown that extension of new currency connected to specific types of expenditures and accommodations for job force growth need not have an absurd and destructive debt structure attached to them. The young being educated is a value; to have them idle is a destruction of value.

Large scale infrastructure programs that represent that specific kind of value being brought into existence can and should be funded similarity by debt free extensions of credit at low interest when meeting qualifying provisions. The implementation of NAWAPA reminiscent of FDR’s TWA is an excellent example of how we purchase the subsistence of the future with extensions of credit today without structures of debt attached. When idle labor abounds it is an additional reason to do it. Any idle labor is a destruction of value, labor not utilized by a society is lost forever and can never be recouped. The value of the labor so un-idled becomes the value basis for further currency extensions that pay back the previous credit extension. This is opposite to the approach of the IMF’s Structural Adjustment Programs, which should be outlawed.

The exchange value of a sovereign nations currencies must be set by mutual agreement between sovereign nations with a basis in the determination of how expenditures bring new value/wealth into existence, unmolested by any international banking cartel.

No single budget cut with negative impact on the general welfare is necessary or acceptable.

NOT ONE.

The Recipe #2

Please discern some of the premiss imbedded in the The Recipe #1;

• The elderly’s ability to organize to protect their interest is greatly attenuated, despite AARP, that organization is in a state of hijack as well.
• All we have in our physical economy is BUILT from all the exertions of those that have come before.
• A society that has no respect and concern to care for the older ones has limited moral footing.
• Those that control the power structure intend vicious austerity.
• The Transaction Tax proposal is the best unifying program we have at our disposal presently.
• We have no time to LOSE, to get busy, going slow, taking this movement step by step. ,,, this last one may need some banter.

The summation: if all the cooks and chefs in the room have no objections we place some ingredients in the recipe list.

• A population capable of recognizing the contribution of those that have come before (for better or worse) and a willing commitment to care for the aged with respect and thanks.
• An organization capable of unifying the population around program like the Comprehensive Transaction Tax, (Wall Street Sales Tax).

To continue;
November 7, 2012
Recipe #2

Today is a day of agony for some Americans, I make this judgment based upon the ridiculous comments I am hearing on the radio talk shows. I assume a different set of Americans are elated for the outcome of the election but a third set may be heard saying “big deal, nothing’s changed, what’s new?”. I myself appraise that we simply dodged a bullet, and I am guessing the Cooks and Chefs in the forum make the same apraisal, that the danger remains and a window for bringing a solution to bear is before us. The task is not a futile one, but today, I think, we need to be clear, the viscous austerity being cooked up in the forthcoming Grand Bargain turns on the idea of the “Fiscal Cliff”.

The fiscal cliff is fake, it is a lie, it is fabricated, synthetic and engineered. This must be proved in the public’s view.

Please entertain a short exercise with cynicism;
There are things a two party system just can’t do and balance a budget seems to be one of them. Well, deficit spending is not the end of the world, never was. If you believe it to be the end of the world or something so terrible that you should want to shut down the government, pretending that you care so much about the children of tomorrow and need to protect them from the big bad debt burden, you might not want to read this article. Don’t bother going any further because it is just going to make you angry. If that’s the case, I do not think you care for the little tykes at all, you simply care about money and the power you think it can give you. Without money in your pocket people do not listen to you, they do not obey you, do they?

Ok, I’m sorry I brought up the budget. I know it is the long-term debt– “the fiscal cliff” as it’s called now, that’s what got you bugging out. Can we agree to stop these wars then? They chew up a lot of dough, don’t ya’ think? Oh, let’s keep a focus on those kids we care about, the ones getting sent over to get shot-up and blown-up. About the ones coming back, do we put something in the budget for them? They have done their duty. A man named; “Smeadly Butler” comes to mind and a thing called; “The BONUS MARCH”. What about the elderly, what is in the budget for them; they did their duty too, wouldn’t you say? The voucher plan’s effort to cut cost of care will throw them to the wolves. That can’t be right, certainly when they still have so much to offer.

I like to keep an eye on the old folks not just as I am getting on in years but I enjoy to hear their stories. Some first hand, some second hand, for instance what went on in Italy in the 1920’s and how that mess was prevented from happening here in the U.S., I need to know, you need to know!

Not much will be accomplished with a conversation like that. You can make a polemic and define the line in the sand. You are still in the fish bowl as they may say. Would it not be better to attack the entire premiss of the fiscal cliff and show the way out of this mess and explain how we got here at the same time?

I see a solution to this mess, which is the thing I really hope I can convey to you. People must first understand that we are not using all the tools in the tool box. For clarification; we do well to explain that the power of the purse by a sovereign government/constitutional republic, particularly ours can be exerted in three classes of action in terms of the use of currency;

1)

That derived from revenue, to compensate for the use of preexisting wealth to those that produce it, so as not to commandeer it away by force. The collection of revenue, however, IS and always will be done by force without any compensation.

Taxes, when named correctly, are indeed a power to destroy, curtail and regulate. “Regulate” meaning; “control by facility and foresight”. The sales tax when placed on consumables is NOT a tax per se, it is a user fee and more akin to contribution as dues to a club. Communities pool for the common good by many different means, as with property taxes excise taxes, by example. This may be a matter of semantics, so suffice please that we insist upon inclusion and participation of different sorts dependent upon the type of revenue burden placed on us. That is; we consent that a distinct class of taxation is accomplished by force and does not ask kindly and does not offer any standing in return, while in other classes of revenue procurement it can be the opposite, affording consents in the specifics and minutiae. It is wise to be weary of the revenue power and necessary to have it and wield it wisely. The act of spending is the compensation to those that provide the useful articles to the endeavor of the government’s direction, (people’s will)! But spending from revenue is only one power of the purse at our ready.

2)

That of government issue of new currency as CREDIT extension, only to classes and categories having capable connection to the means of extinguishing the debt, in terms of physical wealth not mere monetary instruments. Those that wish to ‘tool up’ to engage in the market place in preparation to participate as vendors in the construction of large scale public works make use of this CREDIT. The private lenders may see no specific profit in such things even as they may believe such things must be done for the general profit. The private lending may gravitate to the investments of the highest yield regardless of public good. The same applies for the debt government makes to itself as Lender of First Resort in calling vendors and contractors to the task of large scale public works. The debt’s retirement should be built into the proposition parcel for making it as would be if we were to implement MAGLEV construction. We would create additional currency, lend it, and recover it slowly, over time from increased revenue and retire it.

3)

Many expenditures of government could be made with new money it creates. This is most overlooked. If, and when, government of the people can monetize a surplus that would otherwise go unused, or when New-Real-Net Value is created it can be matched, the new currency can not be deemed fiat. For example;
(as with receipts for services rendered with the education of children and in their being fed in the school).
Purchasing power should be mobilized to get the food off the farm. Otherwise the food rots in the field with insufficient currency in play to make use of it.

Taking particular items off the balance sheet, for the correct reasons, brings us less shortfall in the budget and less need to float bonds. This is, by no means, inflationary. It aims at maintaining a baseline equilibrium. An expanding population will always require a currency to increase in quantity apace with it.

Al the Electrician — smarter than Joe the Plumber

 

 

The Recipe #1

The Recipe #1

formally
21 steps to economic recovery and financial independence

or

Everything you ever wanted to know about economics
but Ben Bernanke is afraid you’ll ask

The word ‘recipe’ can be interpreted as go get, or gather together.
So it is a list, that is the way we see them most often but a recipe needs to also describe method and technique. When cooks pass their recipes back and forth they change them a little each time. We are not afraid of too many cooks in the kitchen and when we are proud of our recipes we allow and welcome testing and modification.

I boast that I know how to generate true and real economic prosperity, where to find all the needed ingredients and that all budget cuts are unnecessary and counter productive. Therefore when budget cuts kill it constitutes murder.

This introductory issue of The Recipe is intended to be spread as an invitation for discussion that can transform and reshape itself as the banter develops in the same fashion as the cooks and chefs would do their recipes.

There is a section of our population that is of particular risk very soon. Do not be fooled by the current rhetoric describing that any proposed changes to Medicare or Social Security will only effect programs of people below a certain specified age. I go on record right now telling you the elderly are in extreme danger and you must prepare now to defend them. I fear that if the people do not rally to protect the elderly the Nation may loose its soul. You are not being told that the cuts proposed to Medicaid will hurt the most because that is how the nursing homes are funded. This a call to action, no cuts are necessary and I am here to explain why and to tell what we can do instead. If our government were not in a state of hijack, it would be a simple matter of passing a bill to provide funding to Medicaid dispensations to people above a specified age expanded to provide for total needs, which makes sense because the total of our physical economy is bequeathed to us by all those gone before us. This means that the older ones among us have more right to its use than anyone else. The funding for this expenditure should come from revenue derived from Capital Gains Tax specifically because the piling up of monetary purchasing power garnered from the Capital Gains of financial instruments represent an extraction, a redistribution of wealth away from the people. A properly adjusted Capital Gains Tax commandeers this looting from the people back to the people and it is very moral to appropriate this to the elderly. Providing a boon to the geriatric care sector is a jobs program and since everyone gets old there is no playing favorites here. This is a description of something you should expect to see in a sane economy.

Alas, the government is in a state of hijack. The two majors parties are in a state of hijack. The banks are in a state of hijack. The news media is in a state of hijack, even the universities are in a state of hijack. So an increase in the Capital Gains tax rate is not doable, another way must be found. The means of funding must make sence to the broad majority of citizens and since we can not rely on party pundits or media outlets, we need to do this ourselves.

The answer we have come up with is a Transaction Tax on the quadrillion dollar turnover on Wall Street where presently no sales tax is levied at all. Let the popular name for this push be “The Wall Street Sales Tax”. The slogan “Stop The Cuts  Tax Wall St.”. Keep in mind this will have to be accomplished in a environment where the massive fraud and looting in the banking and investment sector has brought no prosecutorial response from government what-so-ever. The austerity push is coming down the pike regardless of who is wining the Presidential election or wining the control of Congress. There is no time to loose, you must begin organizing now.

UFAAmaryland
Alain Lareau @balt_DC
Al_the_Electrician smarter than Joe the Plumber

http://againstausterity.org/

http://groups.yahoo.com/group/UFAAmaryland/message/4

http://tarpley.net/2012/10/27/political-report-to-the-united-front-against-austerity-new-york-city-october-27-2012/

The Two Party System – Glass-Steagall

When you fail to educate a child you are destroying the potential of new wealth creation. The extremely asinine remarks of the type “I have no kids why should I have to pay for those kids to learn?” is or should be adequate grounds to laugh the fool out of the room, yet no one does, how bizarre.”?” For sure, in a responsible society an individual of such mental faculty would never be allowed near government never mind hold office, yet it occurs routinely and no one seams to mind. That one is assuredly short-sighted and the argument is strong that the young one improved by school does present a “value-added” of the kind where output far exceeds input. To answer the bonxxead’s question; because that is where all of tomorrow’s true wealth comes from you fuxx xxit! So it follows that WE all desire the control and funding of such an enterprise be done as locally as possible. On the other hand he may be on to something!; why should anyone have to pay to school a child at all anywhere? Since a legal tender monetary instrument (currency) is an authorization (ticket) to make use of some physical good or trade-able commodity, existent, should it not also be traded for that which is brought into being. In different terms, I pay you market value for something I need to use and not have to rob those of the fruits of their labor that brought that good into existence. Should those monetary instruments not also be extended as receipts for services rendered conveying that buying power to those contributing to the actual creation of new wealth?

As a population grows so must the quantity of its means of exchange units, therefor new currency must be emitted. Adding more beans in the bean pot, maintaining an equivalent buying power, past to future and preventing an increase of pressure to borrow. It is wise to fund the education system off balance sheet on a per capita basis of kids in classes as then there will be cash at the bank teller to facilitate the cashing of an increased number of paychecks. Local control need not be interfered with by the extension of new money to communities, no strings attached funding for education, reducing revenue needs at all levels of government. This is creating wealth and the buying power to make use of it at the same time. It also applies to the surplus of crops to the farmer, the first responsibility of any government, monetize the surplus, incentivize to make it happen. This is exactly how mankind got out of the stone age despite all the evils of money, or the love thereof.

Wealth and Buying Power are not exactly equivalent, but they do have a relationship. It is a thing easily measured, in this discussion of the re-distributed wealth, to know where BUYING POWER piles up. That buying power piling up is as a bleeding wound to the overall general economy, It is a control of wealth, argue not that wealth is distributed, argue that extreme monetary profits piling up anywhere are like air rushing out of the balloon, making less currency available in the other places. It can not be assumed that this buying power will be used by “job creators” for the public welfare in any way. This is why Capital Gains Tax should be high. When financial instruments create fictitious capital gains in the bubbles, those instruments then commandeer monetary instruments which intern commandeer though buying power the PHYSICAL wealth. With insufficient currency circulating borrowing costs rise and those with out the currency can not interact with the market. Labor is pressured to accept less remittance and competes for available jobs. Needful work goes undone lessening the physical surplus produced, in other words the food rots on the farm for lack of someone to buy it. When there is a need for additional currency, as the system operates now, the new monetary instruments are supplied by loans made at banks. The bank simultaneously writes one side of the ledger with a credit to the borrower and sets the value of the Promissory Note as an asset on the other side of the ledger, the bank need not possess the money that it is lending, this is new money from thin air. So as the system sits now only a few people get to decide where and when to augment the currency and none of them have anything to do with government.

The best place to reinsert the revenue from capital gains is health care for the most aged, because they are the ones alive that have contributed mostly to the sum total we realize in our economy. Funding bestowed thusly invigorates a special geriatric delivery of care but nurtures the whole of the heath care industry, now THAT’S creating Jobs.

Our Federal union has the power to by pass the FED by not borrowing, and emit currency in the form of loans in the role of Lender of First Resort for the long term and large scale projects of the FDR TVA type of get busy livin’ stuff we all want.

For these policies, and the so called”market forces” to work for us there are some things that need to be in place. They all function as do the cell membrane to protect the cytoplasm to the cells own use. I speak of firm currency exchange rate controls, like Breton Woods, intelligent and gentle Tariffs on imports goods AND services, and the Glass-Steagall partition with the FDIC only on one side.

But as it takes a Sovereign Nation-State Republic,,, Constitutional I might add, to do these things then I think we are at square one,
because ,, ,, ,,
,, ,, The two party system as now constituted is incapable of representing this view point effectively.

Best Regards
Alain Lareau

Its about the separation of banking and underwriting, stupid

Repeal of Glass-Steagall Caused the Financial Crisis

By James Rickards

http://www.usnews.com/opinion/blogs/economic-intelligence/2012/08/27/repeal-of-glass-steagall-caused-the-financial-crisis

James Rickards is a hedge fund manager in New York City and the author of Currency Wars: The Making of the Next Global Crisis from Portfolio/Penguin. Follow him on Twitter at @JamesGRickards.

The oldest propaganda technique is to repeat a lie emphatically and often until it is taken for the truth. Something like this is going on now with regard to banks and the financial crisis. The big bank boosters and analysts who should know better are repeating the falsehood that repeal of Glass-Steagall had nothing to do with the Panic of 2008.

In fact, the financial crisis might not have happened at all but for the 1999 repeal of the Glass-Steagall law that separated commercial and investment banking for seven decades. If there is any hope of avoiding another meltdown, it’s critical to understand why Glass-Steagall repeal helped to cause the crisis. Without a return to something like Glass-Steagall, another greater catastrophe is just a matter of time.

History is a good place to begin. After the Depression of 1920-21, the United States embarked on a period of economic prosperity known as the Roaring Twenties. It was a time of innovation, especially in consumer goods such as automobiles, radio, and refrigeration. Along with these goods came new forms of consumer credit and bank expansion. National City Bank (forerunner of today’s Citibank) and Chase Bank opened offices to sell securities side-by-side with traditional banking products like deposits and loans.

[See a collection of political cartoons on the economy.]

As the decade progressed, the stock market boomed and eventually reached bubble territory. Along with the bubble came market manipulation in the form of organized pools that would ramp up the price of stocks and dump them on unsuspecting suckers just before the stock collapsed. Banks joined in by offering stocks of holding companies that were leveraged pyramid schemes and other securities backed by dubious assets.

In 1929, the music stopped, the stock market crashed and the Great Depression began. It took eight years from the start of the boom to the bust. Subsequent investigations revealed the extent of the fraud that preceded the crash. In 1933, Congress passed Glass-Steagall in response to the abuses. Banks would be allowed to take deposits and make loans. Brokers would be allowed to underwrite and sell securities. But no firm could do both due to conflicts of interest and risks to insured deposits. From 1933 to 1999, there were very few large bank failures and no financial panics comparable to the Panic of 2008. The law worked exactly as intended.

In 1999, Democrats led by President Bill Clinton and Republicans led by Sen. Phil Gramm joined forces to repeal Glass-Steagall at the behest of the big banks. What happened over the next eight years was an almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and once again they sold them to their customers in the form of securities. The bubble peaked in 2007 and collapsed in 2008. The hard-earned knowledge of 1933 had been lost in the arrogance of 1999.

[See a slide show of Mort Zuckerman’s 5 Ways to Create More Jobs.]

The bank supporters’ attacks on this clear-as-a-bell narrative deserve a hearing to show how flimsy they are. One bank supporter says you cannot blame banks for fraudulent loan originations because that was done by unscrupulous mortgage brokers. This is nonsense. The brokers would not have been able to fund the loans in the first place if the banks had not been buying their production.

Another apologist says the fact that no big banks failed in the crisis proves they were not the cause of the problem. This is also ludicrous. The reason the big banks did not fail was because they were bailed out by the government. Clearly the banks would have failed but for the bailouts. Bank balance sheets were neck-deep in liar loans and underwater home equity lines of credit. The fact that banks did not fail proves nothing except that they were too big to fail.

Yet another big bank spokesman says that nonbanks such as Lehman and Bear Stearns were more to blame for the crisis. This ignores the fact that nonbanks get their funding from banks in the form of mortgages, repurchase agreements, and lines of credit. Without the big banks providing easy credit on bad collateral like structured products, the nonbanks would not have been able to leverage themselves.

[See a slide show of 5 bright spots in the U.S. economy.]

It is true that the financial crisis has enough blame to go around. Borrowers were reckless, brokers were greedy, rating agencies were negligent, customers were naïve, and government encouraged the fiasco with unrealistic housing goals and unlimited lines of credit at Fannie Mae and Freddie Mac.

Yet, the fact that there were so many parties to blame should not be used to deflect blame from the most responsible parties of all—the big banks. Without the banks providing financing to the mortgage brokers and Wall Street while underwriting their own issues of toxic securities, the entire pyramid scheme would never have got off the ground.

[See a slide show of 6 ways to fix the housing market.]

It was Glass-Steagall that prevented the banks from using insured depositories to underwrite private securities and dump them on their own customers. This ability along with financing provided to all the other players was what kept the bubble-machine going for so long.

Now, when memories are fresh, is the time to reinstate Glass-Steagall to prevent a third cycle of fraud on customers. Without the separation of banking and underwriting, it’s just a matter of time before banks repeat their well-honed practice of originating garbage loans and stuffing them down customers’ throats. Congress had the answer in 1933. Congress lost its way in 1999. Now is the chance to get back to the garden.

Glass-Steagall Jan-May 2011

January 26, 2011
“Limited Government” is the most expensive government of all
Breaking the Silence:
FCIC Report Brings the Focus Back to Wall Street
www.huffingtonpost.com

January 27, 2011
crisis was avoidable
blamed both Wall Street and government officials
for not spotting the warning signs
Financial Crisis Inquiry Commission
Report on the Causes of 2008 Economic Crisis
www.c-span.org

February 15, 2011
establishment rebuke to freshman congressman and former lieutenant colonel Allen West’s
speech to close the Conservative Political Action Conference
Memo to Col. West: Beware of Glass-Steagall
www.nationalreview.com

February 22, 2011
conclusions
We conclude widespread failures in financial regulation and supervision proved devastating to the stability of the nation’s financial markets.
We conclude dramatic failures of corporate governance and risk management at many systemically important financial institutions were a key cause of this crisis.
We conclude a combination of excessive borrowing, risky investments, and lack of transparency put the financial system on a collision course with crisis.
We conclude the government was ill prepared for the crisis, and its inconsistent response added to the uncertainty and panic in the financial markets.
We conclude there was a systemic breakdown in accountability and ethics.
Phil Angelides on the
Financial Crisis Inquiry Commission Report
blogs.kqed.org

March 1, 2011
began the process of assembling our trial evidence and witnesses,
including an expert witness to testify about the fraud we’d uncovered.
And then the strangest thing happened:
How this $83 fountain pen
helped save a family home from foreclosure
4closurefraud.org

March 4, 2011
millions of people have lost their homes to these criminals
– and CBS barely scratched the surface
Shocking and pervasive mortgage doc fraud
www.abovetopsecret.com

March 4, 2011
at least two cases still working their way through Florida’s courts, that delay
in disclosure apparently also meant that HSBC didn’t tell attorneys bringing foreclosure
actions in the bank’s name to put their cases on hold
What Do HSBC’s Foreclosure Moratorium
and Robo-Signing Claims Really Mean?
www.dailyfinance.com

March 9, 2011
can personally attest to the fact more than 1000 deeds
prepared by this firm were actually not signed by the named attorney
Another Maryland foreclosure mill accused of fraud-
Now it’s the Deeds
www.sourceoftitle.com

March 9, 2011
former notary from law firm Shapiro & Burson filed an affidavit
with law enforcement and regulators charging
that the attorneys’ signatures on the deeds and other important
documents were forgeries signed at the express direction of management
Foreclosure Fraud in Maryland:
Banks’ Lawyers Accused of Forging 1,000+ Deeds
www.dailyfinance.com

March 13, 2011
fraud upon the court:
Foreclosure Mills Continue Down the Wide Path of Destruction
dtc-systems.net

March 31, 2011
witness the fact that Russ Feingold, who voted against TARP,
lost his seat in the U.S. Senate to bailout-baby Ron Johnson
Jamie Dimon Worries That
Financial Regulation Will Doom Banks, Forever
www.huffingtonpost.com

April 5, 2011
the Daily Ticker
Our Debt Binge Is Ending
And The Middle Class Will Get Clobbered
finance.yahoo.com

April 6, 2011
all 50 state attorneys general are currently conducting an investigation
into the foreclosure mess–including cases that involve forged documents like these
60 Minutes:
Banksters Use Forgery Mills – SWAT Evicts Grandmother
cutdc.com

April 7, 2011
state attorneys general and multiple federal agencies had joined forces last year
are BETRAYED by Federal Reserve
Justice Denied:
How the Feds Are Caving to Wall Street on Foreclosures
www.bnet.com

April 8, 2011
copper plumbing had been stolen out of the house,
the windows were busted
Creepy Abandoned Mansions
realestate.yahoo.com

April 11, 2011
Michelle Rasmussen interviews
Birgitta Jonsdottir Icelandic Parliamentarian

April 11, 2011
Palm Coast, Fla., Las Vegas and Cape Coral, Fla.,
were all among the former high fliers
American Ghost Towns of the 21st Century
finance.yahoo.com

April 11, 2011 “instant short sale approvals” happening every day,
right now at the courthouse steps
Trustee Sale Auctions Drop Bids by 36%+
blog.foreclosures.com

April 12, 2011
mortgage servicers are being probed by a task force of 50 state attorneys general
over the way they foreclosed on overdue homeowners
BofA Chief Says More Foreclosures Inevitable
as Repeated Defaults Top 50%
www.bloomberg.com

April 13, 2011
same bankers who have been rescued with taxpayers money
are now speculating of food commodities
We are not awaking…
forum.davidicke.com

April 13, 2011
repeal certain provisions of the Gramm-Leach-Bliley Act
and revive the separation between commercial banking and the securities business
H.R. 1489, The Return to Prudent Banking Act of 2011
www.washingtonwatch.com

April 13, 2011
more than 20 original co-sponsors in introducing H.R. 1477
Representative Cummings and 23 Members Introduce
Preserving Homes and Communities Act of 2011
cummings.house.gov

April 14, 2011
639-page report on the financial crisis from the
Senate Permanent Subcommittee on Investigations
singles out Washington Mutual for its decision to
champion its subprime lending business, even as executives
privately acknowledged that a housing bubble was about to burst
Well Aware Of Bubble, WaMu Boosted Bad Loans,
Report Finds
www.huffingtonpost.com

April 14, 2011
petitioners widget
The Latest Petition: Restore Glass-Steagall!
www.washingtonwatch.com

April 15, 2011
exhibit A of Wall Street’s evolution from a place that raises and deploys capital to worthy businesses into a vulturous creature that preys on unwitting investors
Goldman Sachs Ripped Off And Misled Clients,
Senate Report Says
www.huffingtonpost.com

April 15, 2011
customer banking should be strictly separated from investment banking
Jethro Tull’s Ian Anderson Is a Glass-Steagall Man
www.minyanville.com

April 15, 2011
60 percent of people who bought property as an investment last year paid in cash
Foreclosure Investors Flip Homes, Reap Rewards
www.huffingtonpost.com

April 18, 2011
comments on the Levin-Coburn report
Life after the repeal of Glass-Steagall
www.newappsblog.com

April 18, 2011
Some Florida Judges Begin to Crack Down on
“Fraud on the Court” in Foreclosure Cases
www.floridaforeclosuredefenselawyersblog.com

Apr 19, 2011
Hotspots with Max Keiser – Ireland (1/2)
whysetgoals.com

April 19, 2011
Washington’s Attorney General Finds Trustee Violations
www.floridaforeclosuredefenselawyersblog.com

April 20, 2011
who’s government is this
Wachovia Drug Money Laundering
www.youtube.com

April 21, 2011
Federal Regulators Closing in on a Settlement With Robo-Signers
www.floridaforeclosuredefenselawyersblog.com

April 25, 2011
Federal Government Orders 14 Mortgage Lenders to
Reimburse Homeowners Improperly Foreclosed Upon
www.floridaforeclosuredefenselawyersblog.com

April 26, 2011
PRESS RELEASE
LaRouche PAC Expands Fight
for Glass-Steagall Passage
www.larouchepub.com

April 27, 2011
institutions that receive deposits from the public
must be clearly prohibited from speculating on their own behalf
with the money of their depositors
UPI Editor at Large Outlines Crisis – Calls for Glass-Steagall
www.prlog.org

April 28, 2011
Finally, MERS Found to Have Failures
in Foreclosure Practices
www.floridaforeclosuredefenselawyersblog.com

April 28, 2011
Ventura County Teaparty
HR 1489 – Back to the Future With Glass-Steagall?
venturacountyteaparty.ning.com

April 28, 2011
members can vote on whether to approve the proposed bailout of Portugal
Mass Strike Surges Through Finland; Could Overturn “Euro” Slave Farm
concen.org

April 29, 2011
Florida Military Member Returns from Deployment
to Find Home in Foreclosure
www.floridaforeclosuredefenselawyersblog.com

May 1, 2011
a blog
Glass-Steagall Act requires
separation of investment banking from chartered banking.
www.rickpotvin.com

May 3, 2011
proceedings of the Annual Shareholders Meeting
were delayed and disrupted for about an hour
Protesters Disrupt Wells Fargo Shareholder Meeting
– Demand Moratorium on Foreclosures
www.indybay.org

May 3, 2011
in the form of the Pinetree Shilling practice instituted
under the authority of the original Royal charter
of the original Massachusetts Bay Colony
The concept of Glass-Steagall and a Global Credit System
tristencosgroveblog.blogspot.com

May 4, 2011

larouchepac.com

May 4, 2011
The Devil’s Timeline
Derivatives: Darth Vader’s Revenge
siliconinvestor.advfn.com

May 4, 2011
Federal Judge Sanctions LPS for Fraud on the Court
www.floridaforeclosuredefenselawyersblog.com

May 4, 2011

larouchepac.com

May 6, 2011
homeowners” have stopped paying their mortgages,
and so they will SPEND all of that money in the U.S. economy instead
Deadbeat homeowners to “rescue” U.S. economy
www.bullionbullscanada.com

May 6, 2011
estimated that banks will take back more than
a million homes this year due to foreclosure
America’s homeless middle class
www.squattable.com

May 6, 2011
Florida Mortgage Executive Guilty of 14 Counts of Fraud
www.floridaforeclosuredefenselawyersblog.com

May 8, 2011
Washington Mutual Rewarded Employees
that Sold High Risk Loans
www.floridaforeclosuredefenselawyersblog.com

May 9, 2011
unlikely home values will reach a bottom this year

Home Values See Biggest Drop Since 2008
m.cnbc.com

May 9, 2011
home prices fell 3 percent in the first quarter and will drop
as much as 9 percent this year as foreclosures spread and unemployment remains
‘Underwater’ Homeowners Rise to 28 Percent: Zillow
preview.bloomberg.com

May 9, 2011
a blog
H.R. 1489: Return to Prudent Banking Act of 2011
economiccrisiswatch.blogspot.com

May 10, 2011
Foreclosure Mill Sued
for Alleged Participation in Kick Back Scheme
www.floridaforeclosuredefenselawyersblog.com

May 11, 2011
decline of the housing market shows few signs of letting up
10 Cities Where Home Prices Are Falling The Fastest:
Clear Capital
www.huffingtonpost.com

May 16, 2011
excesses that led to the original passage of the Glass-Steagall in 1933,
quickly re-emerged when it was repealed
Deregulating Glass-Steagall
www.rebelyid.com

May 17, 2011
THE ELISE RICHMOND SHOW
Conservatively Speaking
GLASS – STEAGALL
eliserichmond.com

May 27, 2011
what was left out was any mention of Glass-Steagall
and the fictitious value nature of derivatives
Alain Lareau on HBO’s Too Big To Fail
mainstreamnemesis.com

May 27, 2011
the Daily Ticker
The Risks Are Enormous:
Why Morgenson and Rosner Are So Worried
finance.yahoo.com

May 28, 2011
a blog
What Was The Glass-Steagall Act?
centurean2.wordpress.com

May 29, 2011
The Quiet Metamorphosis: How Derivatives Changed the ‘Business of Banking’
Recommended Reading in Financial Regulation:
Omarova on Section 23A of the Federal Reserve Act
www.theconglomerate.org

May 29, 2011
levels of leverage achieved in the current centrally planned regime
is as bad as it ever was
Carl Icahn Confesses
That The “System Is Not Working Properly”,
Warns Of Another “Major Problem” Coming
runredhot.com

May 29, 2011
bigger than in ’07, are cooking their books to show profits
Crisis is Not Behind Us
www.youtube.com

May 30, 2011
trading derivatives and other securities really had nothing to do
with the underlying purpose of banking
The Good Banker
davisonsdoodle.wordpress.com

May 30, 2011
Lonny Wolf sidles in
U.S. historian-scholar Dennis Speed on Glass-Steagall
www.abetterworld.net

May 31, 2011
make sure we are fighting the right villain
Too Big to Fail: A Fascist Fairy Tale
thelineinthesand.net

Tarpley’s Speech July 2012 – New World Fair in New York

The youtube comments have been shut off, post comments here.

Anti-Austerity Call: Wall Street Must Pay —–

Grass Roots Response to Anti-Austerity Call: Wall Street Must Pay for the Depression – Not the American People!

Glass – Steagall 2010

January 21, 2010
“There was a reason why the law was passed and endured for almost seven decades.
There was massive speculation by banks with other people’s money.”
Welcome back, Glass-Steagall
money.cnn.com

January 26, 2010
MoxNewsDotCom report
How Loud Do Alarm Bells Have To Ring?
Congresswoman Marcy Kaptur
www.youtube.com

February 3, 2010
jobless wha-wahtery
This Is Unacceptable In America!
Congresswoman Marcy Kaptur
www.youtube.com

April 20, 2010
The Young Turks
Bill Clinton Admits “I Was Wrong”
www.youtube.com

May 6, 2010
one of six senators still in office who voted against repealing Glass-Steagall in 1999
Senate Liberals Push for Strict Financial Rules
dealbook.nytimes.com

May 18, 2010
“If Senator Grassley fails to support to the Glass-Steagall amendment,
that action by itself will signal to Iowans that he is on the side of
unbridled greed by Wall Street… ” U.S. Senate candidate, Tom Fiegen regarding
the Glass-Steagall Amendment (S.A. 3884)
to S.3217 Restoring American Financial Stability Act of 2010,
Pass Glass-Steagall Amendment (S.A. 3884)
www.dailykos.com

May 19, 2010
rush the process through in order to nullify the Cantwell-McCain amendment to Dodd’s financial ‘reform’ bill. Without that amendment, the bill doesn’t affect banksters AT ALL…it would call derivatives speculation illegal but provides ZERO consequences for the activity.
Breaking – Sen. Reid calls for vote to end debate TODAY at 2:00pm / Cantwell-McCain amendment to financial reform bill threatened
www.godlikeproductions.com

May 21, 2010
the U.S. Senate has yet to debate and vote on the Cantwell-McCain amendment
to the Dodd financial reform bill
Glass-Steagall Showdown Will Decide Your Future
www.larouchepub.com

June 11, 2010
An Appeal for a Two-Tier Banking System
Europe Will Go Under
Without Global Glass-Steagall
www.schillerinstitute.org

June 30, 2010
a critique of the financial reform legislation
The unsurprising failure of U.S. financial reform
www.pbs.org

July 3, 2010
big corporations without any government BECOME government
Glass-Steagall, Derivatives and Gold & Silver
www.youtube.com

July 7, 2010
two systems of justice, one for Wall Street
and one for Main Street, means no justice at all
2009 Mortgage Assignments – Over a Trillion Dollars – Sure There Were…
stopforeclosurefraud.com

August 20, 2010
eliminate due process for the homeowner
Homeowner fights foreclosure in lawsuit claiming documents are fraudulent
ssgoldstar.websitetoolbox.com

August 26, 2010
the fine? was only 110 million
US Bank Wachovia Caught Laundering Cartel Drug Money
– $378.4 BILLION
www.youtube.com

September 7, 2010
opponent of Barny Frank 2010
see the debate
Rachel Brown for Congress website
rachelforcongress.com

October 4, 2010
this mess is just starting, and as people realize how bad it is,
it very well may lead to a total collapse in the housing market
Is A 90 Day “Mortgage Meltdown” Foreclosure Moratorium
Imminent As The RoboSigning Scandal Goes Mainstream?
www.zerohedge.com

October 6, 2010
STEVE BROWN / The Dallas Morning News
Foreclosure moratorium would only put off pain,
housing analysts say
www.dallasnews.com

October 7, 2010
sloppy nature of the foreclosure process initiated
in some cases has been simply shocking
Blumenauer joins chorus demanding foreclosure moratorium
www.oregonlive.com

October 10, 2010
properties that have clear mortgage documentation will demand
a premium in price, therefore, the more mortgage and title questions
effect marketability, the more the median and average home price
is likely to go up
Foreclosure Moratorium –
What Does it Mean for the Housing Market?
www.creditwritedowns.com

October 12, 2010
the administration’s wariness of backing populist calls to halt evictions, which could undermine efforts to persuade skeptical voters that it rescued the economy from a complete meltdown
White House rejects foreclosure moratorium
www.reuters.com

October 14, 2010
WAKE UP
Same Person Forged Billions of Dollars Worth
of Mortgage Documents for Bank of America,
Wells Fargo, U.S. Bank and
Dozens of Other Lenders and Shells
wakeup2010.blogspot.com

October 15, 2010
Foreclosure attorney Lynn Szymoniak located numerous signatures
of “Linda Green” from pleadings filed in various courts.
StopForeclosureFraud.com has rounded up some examples
of “Linda Green’s” signatures in one image:
Same Person Forged Billions of Dollars Worth of Mortgage Documents for Bank of America, Wells Fargo, U.S. Bank and Dozens of Other Lenders and Shells
60 minutes will run the story in SEVEN MONTHS
www.prisonplanet.com

October 16, 2010
Nevada, California and Florida
Foreclosure moratorium
takes center stage in battleground states
thehill.com

October 18, 2010
special chapter of bankruptcy should be created to fix the mortgage crisis
? to benefit who?
Why a Foreclosure Moratorium Is a Bad Idea
online.wsj.com

October 19, 2010
employees of Florida’s largest “foreclosure mill” were given jewelry,
cars and houses from the firm in exchange for altering and forging
key documents used to process foreclosures
Women testify to fraud, forgery at ‘foreclosure mill’
www.allbusiness.com

November 17, 2010

Who Profits?

November 30, 2010

There Is A WAR Being Waged Against
The Working Families Of America!
Sen Bernie Sanders

December 13, 2010
the servicers were not equipped to handle this problem
HAMP continues to underwhelm panel,
Treasury defends ‘new standard
www.housingwire.com

December 16, 2010
largest mortgage servicers froze foreclosures in October
Geithner:
National foreclosure moratorium would hurt house prices
www.housingwire.com