MONETARY HISTORY CALENDAR – October 31- November 6

OCTOBER 31

1874 – PUBLICATION OF OCTOBER ISSUE OF INDUSTRIAL AGE MAGAZINE
“The religious press has almost without exception been the allies of the bondholders and bankers in their endless schemes to fleece the public, and the mouthpiece of the monopolists and the defender of the soulless corporations that fill their pockets by robbing the toiling people.”

NOVEMBER 1

1873 – PASSAGE OF THE COINAGE ACT BY CONGRESS
The fourth coinage act passed by Congress, the 1873 bill “demonetized” silver – meaning silver was no longer accepted as currency or used as a metal to back paper money. Only gold was now accepted as currency and used to back paper money. With the money supply now contracted, the US went into an economic depression. The demonitization of silver was also not apparent in the bill at the time of passage. When this became public, there was national outrage. Congressional passage became known as “the Crime of ’73.”

NOVEMBER 6

1841 – BIRTH OF NELSON ADRICH, US SENATOR (R.I.), LEADER OF REPUBLICAN PARTY IN THE SENATE
Aldrich was the major Senate proponent of the Federal Reserve Act. He railroaded the bill through both houses of Congress in the fall and winter of 1913. Alfred Crozier, an Ohio attorney and author of the book US Money vs Corporation Currency, testified before Congress against the Aldrich bill. He said, “The… bill grants just what Wall Street and the big banks for 25 years have been striving for, namely, private instead of public control of currency. [The bill] robs the Government and the people of all effective control over the public money supply and vest in the banks exclusively the dangerous power to make money among the people scarce or plenty.”

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Why this calendar? Many people have questions about the root causes of our economic problems. Some questions involve money, banks and debt. How is money created? Why do banks control its quantity? How has the money system been used to liberate (not often) and oppress (most often) us? And how can the money system be “democratized” to rebuild our economy and society, create jobs and reduce debt?
Our goal is to inform, intrigue and inspire through bite size weekly postings listing important events and quotes from prominent individuals (both past and present) on money, banking and how the money system can help people and the planet. We hope the sharing of bits of buried history will illuminate monetary and banking issues and empower you with others to create real economic and political justice.
This calendar is a project of the Northeast Ohio American Friends Service Committee. Adele Looney, Phyllis Titus, Donna Schall, Leah Davis, Alice Francini and Greg Coleridge helped in its development.
Please forward this to others and encourage them to subscribe. To subscribe/unsubscribe or to comment on any entry, contact monetarycalendar@yahoo.com For more information, visit http://www.afsc.net/economiccrisis.html

MONETARY HISTORY CALENDAR – October 24-30

OCTOBER 27

1945 – BIRTH OF LULA DE SILVA, PRESIDENT OF BRAZIL (2003-2010)
The Third World War has already started. The war is tearing down Brazil, Latin America, and practically all the Third World. Instead of soldiers dying, there are children. It is a war over the Third World debt, one which has as its main weapon, interest, a weapon more deadly than the atom bomb, more shattering than a laser beam.

OCTOBER 29

1897 – DEATH OF HENRY GEORGE, US AUTHOR, POLITICIAN AND ECONOMIST
On the other hand it is the business of government to issue money. This is why the issuance of this money should be made a government function become still stronger. The evils entailed by wildcat banking in the United States are too well remembered to need reference. The loss and inconvenience, the swindling and corruption that flowed from the assumption by each State of the Union of the power to license banks of issue ended with the war, and no -one would now go back to them. Yet instead of doing what every public consideration impels us to, and assuming wholly and fully as the exclusive function of the General Government the power to issue money, the private interests of bankers have, up to this, compelled us to the use of a hybrid currency, of which a large part, though guaranteed by the General Government, is issued and made profitable to corporations. The legitimate business of banking – the safekeeping and loaning of money, and the making and exchange of credits, is properly left to individuals and associations; but by leaving to them, even in part and under restrictions and guarantees, the issuance of money, the people of the United States suffer an annual loss of millions of dollars, and sensible increase the influences which exert a corrupting effect upon their government.

1929 – US STOCK MARKET CRASH
Known as “Black Tuesday,” October 29 was the worst day in stock market history. Since everyone was selling and no one was buying, stock prices collapsed. The crash was due to policies of the Federal Reserve which had made money cheap to borrow. Too much money was concentrated in too few hands. Cheap money resulted in wild speculation (booms or bubbles) in financial instruments, the stock market and office buildings rather than useful and necessary goods and services. Speculation was rampant. Understanding what was happening, but not admitting it to the public, the Fed significantly contracted the US money supply by raising interest rates to borrow money. Not enough money was available to meet economic needs. The speculative bubbles burst, triggering what became the Great Depression.

OCTOBER 30

1735 – BIRTH OF JOHN ADAMS, 2ND PRESIDENT OF THE UNITED STATES
“There are two ways to conquer and enslave a nation. One is by the sword, the other is by debt.”
and
“All the perplexities, confusion and distress in America arise, not from the defects of the Constitution or confederation, not from the want of honour or virtues, so much as from the downright ignorance of the nation, of coin, credit and circulation.”

1840 – BIRTH OF WILLIAM GRAHAM SUMNER, PROFESSOR, YALE UNIVERSITY AND MONETARY THEORIST
For as the currency question is of first importance and we cannot solve it or escape it by ignoring it. We have got to face it and the best way to begin is not by wrangling about speculative opinions as to untried schemes but to go back to history and try to get hold of some firmly established principles.

1885 – BIRTH OF EZRA POUND, US POET AND CRITIC
Some of his poetry deals with the destructive moral and social effects of usury, or usura, such as his Canto XLV:
“…Usura rusteth the chisel
It rusteth the craft and the craftsman
It gnaweth the thread in the loom
None learneth to weave gold in her pattern;…”

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Why this calendar? Many people have questions about the root causes of our economic problems. Some questions involve money, banks and debt. How is money created? Why do banks control its quantity? How has the money system been used to liberate (not often) and oppress (most often) us? And how can the money system be “democratized” to rebuild our economy and society, create jobs and reduce debt?
Our goal is to inform, intrigue and inspire through bite size weekly postings listing important events and quotes from prominent individuals (both past and present) on money, banking and how the money system can help people and the planet. We hope the sharing of bits of buried history will illuminate monetary and banking issues and empower you with others to create real economic and political justice.
This calendar is a project of the Northeast Ohio American Friends Service Committee. Adele Looney, Phyllis Titus, Donna Schall, Leah Davis, Alice Francini and Greg Coleridge helped in its development.
Please forward this to others and encourage them to subscribe. To subscribe/unsubscribe or to comment on any entry, contact monetarycalendar@yahoo.com For more information, visit http://www.afsc.net/economiccrisis.html

MONETARY HISTORY CALENDAR — October 17-23

OCTOBER 18

1931 – DEATH OF THOMAS EDISON, US INVENTOR
“If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good… If the Government issues bonds, the brokers will sell them. The bonds will be negotiable; they will be considered as gilt edged paper. Why? Because the government is behind them, but who is behind the Government? The people. Therefore it is the people who constitute the basis of Government credit. Why then cannot the people have the benefit of their own gilt-edged credit by receiving non-interest bearing currency… instead of the bankers receiving the benefit of the people’s credit in interest-bearing bonds?”

1987 – US STOCK MARKET CRASH
Known as Black Monday, stock markets around the world crashed.
In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. Dow Jones dropped by 508 points. It was the largest one-day percentage decline in Dow Jones history.

OCTOBER 23

2008 – TESTIMONY OF ALAN GREENSPAN, FEDERAL RESERVE CHAIRMAN, BEFORE HOUSE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM (NEW YORK TIMES ARTICLE)
“Do you feel that your ideology pushed you to make decisions that you wish you had not made?”
Mr. Greenspan conceded: “Yes, I’ve found a flaw. I don’t know how significant or permanent it is. But I’ve been very distressed by that fact.” “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief.”

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Why this calendar? Many people have questions about the root causes of our economic problems. Some questions involve money, banks and debt. How is money created? Why do banks control its quantity? How has the money system been used to liberate (not often) and oppress (most often) us? And how can the money system be “democratized” to rebuild our economy and society, create jobs and reduce debt?
Our goal is to inform, intrigue and inspire through bite size weekly postings listing important events and quotes from prominent individuals (both past and present) on money, banking and how the money system can help people and the planet. We hope the sharing of bits of buried history will illuminate monetary and banking issues and empower you with others to create real economic and political justice.
This calendar is a project of the Northeast Ohio American Friends Service Committee. Adele Looney, Phyllis Titus, Donna Schall, Leah Davis, Alice Francini and Greg Coleridge helped in its development.
Please forward this to others and encourage them to subscribe. To subscribe/unsubscribe or to comment on any entry, contact monetarycalendar@yahoo.com For more information, visit http://www.afsc.net/economiccrisis.html

PsySR Statement on Corporate Personhood

Psychologists for Social Responsibility (PsySR) issued a fine statement on October 7 on corporate personhood.

The awakening continues. The movement against corporate personhood grows.

This important statement comes at a critical juncture as people across the country and around the world are occupying public spaces demanding democracy and justice. Among the major institutions on planet earth preventing justice and usurping our right to govern is the business corporation.

From the PsySR statement:
“Corporations…are structural entities created by laws rather than by natural, biological processes. Corporations are vehicles, designed to achieve specific ends, typically those of growth, profitability and longevity beyond the span of human life. Corporations are amoral. They have no capacity for guilt, shame, pride, or penance. They possess no motivations, beliefs, or emotions, and they cannot make decisions nor take action—not, at least, outside of the human beings who run them. Corporations are not people. From a psychological perspective, corporate personhood is a misleading and highly dangerous legal fiction. It provides protection to corporate leaders for activities in which they would otherwise bear personal, lawful responsibility. This legal validation of corporate personhood therefore shields select, powerful corporate officials from the law and liability, encouraging recklessness in the form of unethical, dangerous and, in some instances, illegal behaviors.”

Read the entire statement at
http://www.psysr.org/about/programs/wellbeing/corporate-personhood.php

Talk this Thursday on First Amendment and Corporate Rights

From: Melissa Athens
Date: Mon, Oct 10, 2011 at 2:03 PM
Subject: For Immediate Press Release Oct 13 6pm Public Square

Hello,

Please forward to your network tree.

Occupiers! Learn more about our 1st Amendment Right to Free Speech. Greg Coleridge, State Coordinator for Move to Amend, will talk about what our right to free speech means for people and how corporations have hijacked it.
Thursday, October 13 – 6pm – ***PUBLIC SQUARE***

MONETARY HISTORY CALENDAR – October 10-16

OCTOBER 13

1879 – DEATH OF HENRY CAREY, CHIEF ECONOMIC ADVISOR TO PRESIDENT ABRAHAM LINCOLN
Carey was the major proponent in the Lincoln Adminstration of issueing debt-free US money, Greenbacks. In referencing the US economy under the Greenback system, he said, …”for the first time, too, in the history of the world, there has been presented a community in which nearly all business was done for cash, and in which debt has scarcely an existence…there has been a large and general diminution of the rate of interest…traders have therefore become more independent of the capitalist, while the country at large has become more independent of the ‘wealthy capitalists’ of Europe.”

OCTOBER 15

1908 – BIRTH OF JOHN KENNETH GALBRAITH, US ECONOMIST
“The study of money, above all other fields in economics, is on in which complexity is used to disguise or evade truth, not to reveal it.”
“The process by which banks create money is so simple that the mind is repelled.”

1982 – CONGRESS PASSES GARN-ST.GERMAIN DEPOSITORY INSTITUTIONS ACT
The act deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans. Many believe it contributed to the savings and loan crisis of the late 1980s.

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Why this calendar? Many people have questions about the root causes of our economic problems. Some questions involve money, banks and debt. How is money created? Why do banks control its quantity? How has the money system been used to liberate (not often) and oppress (most often) us? And how can the money system be “democratized” to rebuild our economy and society, create jobs and reduce debt?
Our goal is to inform, intrigue and inspire through bite size weekly postings listing important events and quotes from prominent individuals (both past and present) on money, banking and how the money system can help people and the planet. We hope the sharing of bits of buried history will illuminate monetary and banking issues and empower you with others to create real economic and political justice.
This calendar is a project of the Northeast Ohio American Friends Service Committee. Adele Looney, Phyllis Titus, Donna Schall, Leah Davis, Alice Francini and Greg Coleridge helped in its development.
Please forward this to others and encourage them to subscribe. To subscribe/unsubscribe or to comment on any entry, contact monetarycalendar@yahoo.com For more information, visit http://www.afsc.net/economiccrisis.html

Declaration of the Occupation of New York City — grievances includes corporate personhood

As with the Declaration of Independence of 1776, the list of grievances in New York City — which is what’s being used by others as a template — include both individual harms to people and communities AND usurpations of collective power and rights, including stripping collective bargaining and granting
corporations the same rights as people. Actually they go beyond in questioning the right of corporations to determine economic policies.

Moving beyond individual problems to address structural causes is the shift that is necessary to achieve unity…and real change We are all being hurt, regardless of our issues or causes, by the reality that we aren’t in charge of decisions that impact our families, communities and world. Wide recognition that corporations being defined as persons, corporate political donations and unilateral corporate economic decision making are fundamental problems is evolution in the right direction.

Check your community for these democratic “Occupations.” Where they exist, engage participants in discussion on corporate constitutional rights and money as speech. Take Move to Amend petitions. Participate.

http://nycga.cc/2011/09/30/declaration-of-the-occupation-of-new-york-city/
Declaration of the Occupation of New York City
This document was accepted by the NYC General Assembly on September 29, 2011

As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.
As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.

They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.

They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses.

They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation.

They have poisoned the food supply through negligence, and undermined the farming system through monopolization.

They have profited off of the torture, confinement, and cruel treatment of countless animals, and actively hide these practices.

They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.

They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right.

They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay.

They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility.

They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance.

They have sold our privacy as a commodity.

They have used the military and police force to prevent freedom of the press.

They have deliberately declined to recall faulty products endangering lives in pursuit of profit.

They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce.

They have donated large sums of money to politicians, who are responsible for regulating them.

They continue to block alternate forms of energy to keep us dependent on oil.

They continue to block generic forms of medicine that could save people’s lives or provide relief in order to protect investments that have already turned a substantial profit.

They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.

They purposefully keep people misinformed and fearful through their control of the media.

They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt.

They have perpetuated colonialism at home and abroad. They have participated in the torture and murder of innocent civilians overseas.

They continue to create weapons of mass destruction in order to receive government contracts. *

To the people of the world,

We, the New York City General Assembly occupying Wall Street in Liberty Square, urge you to assert your power.

Exercise your right to peaceably assemble; occupy public space; create a process to address the problems we face, and generate solutions accessible to everyone.

To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal.

Join us and make your voices heard!

*These grievances are not all-inclusive.