Yesterday we
pondered the eternal question: how can we avoid the twin evils of capitalism
and socialism, and yet still have an economically just society in which no one
is enslaved to savings? The answer (of
course) is “By creating new money in ways that create new owners.” The next question is “How are we going to get
them to do it?”
 |
| The next Federal Reserve Chairman |
That’s the wrong
question. The question should really be,
“What are we going to do?” Social
justice doesn’t consist of sitting (or standing) around and demanding that somebody
else do something. No, it consists of you getting to work organizing and
fixing our institutions so that people can do the right thing again.
And
what can you do? A lot, starting with
(but not limited to) visiting the
CESJ website and spending a few moments viewing the slide show on the
home page, then browsing around a bit and looking over the basic material on
Capital Homesteading.
Then you’ll want to gather with students, grassroots
leaders and concerned citizens on Friday, April 22, 2016 (two days before the centenary
of the Easter Rising in Dublin in 1916),
in Washington, DC, for the 12th annual demonstration at the Federal Reserve in
Washington, D.C. Co-hosted by the Coalition for
Capital Homesteading and the Center for
Economic and Social Justice, the
rally will run from 11:00 AM to 1:30 PM, starting on the mall side across the street from
the Constitution Ave. entrance of the Federal Reserve Building (between 20th and 21st Streets, NW).
Why We’re Rallying at the
Federal Reserve
·
To present how the Federal Reserve, without
taxpayer money or adding to federal debt, could create asset-backed money and
interest-free, productive credit, as part of a new national strategy for
building a “green growth” economy, eliminating government deficits, and
creating a nation of capital owners.
·
To show how artificial barriers in our tax and
monetary systems could be lifted to create equal ownership opportunities to
future capital assets for every citizen.
·
To chart a step-by-step strategy for creating
Capital Homesteading models at the community level, passing national
legislation (the Capital Homestead Act) and developing global applications to
provide every citizen of the world the means to become an owner of
income-producing wealth.
Background
America and the
world community face a continuing collapse of the money and credit system not
seen since the Great Depression. Flawed policies of central banks like the
Federal Reserve, which supported speculation in the stock market over
production of real goods and services, were a root cause of this crisis.
The effects of
the global financial crisis are evidenced by inadequate capital credit for
businesses of all sizes, and growing unemployment, poverty, and hopelessness
among potentially productive Americans and citizens of other countries.
Students are graduating with mountainous debt and shrinking prospects for a
decent job to repay their loans. Meanwhile, the Fed continues to ignore the
obvious differences between productive uses of credit and non-productive uses
of credit, pouring money into mounting government deficits and crippling future
generations with debt.
America can wait
no longer. Now is the time for a comprehensive policy framework that would
reform the financial system, democratize governance of the Fed, unify the
nation and light a new path for the world.
Taking
inspiration from President Abraham Lincoln, the great Unifier and Emancipator,
the coalition will call on President Barack Obama to introduce a new direction
for Federal Reserve policy — a 21st century
counterpart to Lincoln’s Homestead Act. Along with tax and other reforms,
the proposed “Capital Homestead Act” would channel
the Federal Reserve’s money creation powers to grow our private sector economy,
and economically emancipate every man, woman and child in America through a
direct and growing capital ownership stake in the new technologies and energy
systems that America will need to compete in the global economy.
The Federal Reserve Holds the
Key
The key to
growing the economy and creating new owners of new income-producing wealth is
the democratization of access to productive capital credit. The Capital Homestead Act would employ
the Federal Reserve’s existing powers under Section 13 of the
Federal Reserve Act and make the Federal Reserve’s money power
accessible directly to every American.
By reorganizing
the Federal Reserve System and its twelve regional banks into a “fourth branch
of government,” every citizen can become a shareholder of this basic
institution of money creation. Why “End the Fed,” as some are calling for, when
we as citizens should “Own the Fed”?
No longer should
the Federal Reserve and our tax system merely serve the special interests of a
financial elite or become the tool of the Federal government for financing war
and deficit spending. “We the People” must be empowered to hold the Fed
accountable and to return it to its true social purpose. With changes in our
tax and monetary policies, as embodied in the comprehensive economic plan
called “the Capital Homestead Act,” we could create sound, asset-backed money
for sustainable private sector growth, and liberate every man, woman and child
as a direct owner of new productive wealth.
What You Can Do to Carry This Forward
·
Join us at the “Own the Fed, Own the Future”
Rally on Friday, April 22, 2016, 11:00 a.m. to 1:30 p.m.
·
Invite others to the Rally.
·
Read the “Declaration
of Monetary Justice”, sign it and send a copy to your Congressional
representatives. Encourage others to do the same.
·
Get organizations and individuals to become
members of the Coalition for Capital Homesteading. Go to www.CapitalHomestead.org to
add your name to those who join with others supporting the Declaration of
Monetary Justice and the Core Principles of the Coalition for Capital
Homesteading.
·
Spread the word through Twitter and Facebook.
·
Work with the Coalition for Capital Homesteading
to make every citizen an owner and pass the Capital Homestead Act!
We are demanding that the Fed use its existing
powers (Section 13, para. 2) to lift barriers to equal access
and opportunities for the 99% to become direct owners of productive,
income-generating capital. We are sending the politicians a new message: Pass
the Capital Homestead Act to build
justice into our money and tax systems, and to grow a vibrant, sustainable
economy. We are calling for students and young people to join with us to free
all our citizens from wage slavery, welfare slavery, debt slavery and tax
slavery, and to build a future that empowers every person. It is time to launch a new national
objective: “Every Citizen an Owner.“
Now you know what
you can do to help. Don’t say we never
told you.
#30#