Take Action to Stop Fast Track

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Please call your Congressperson before the end of the week with this message: “Fast Track side tracks democracy!”

The administration has asked Congress to renew “Fast Track” legislation (formally called “Trade Promotion Authority,” a nice neutral sounding title). A vote is expected next week in the U.S. House of Representatives.

FIND YOUR CONGRESSPERSON at http://whoismyrepresentative.com
CALL YOUR CONGRESSPERSON TODAY: 202-224-3121 (US Capitol) and ask for his/her office

5 reasons to oppose Fast Track:

1. Fast Track railroads the authority of Congress, as stated in the U.S. Constitution, to “regulate Commerce with foreign nations” through congressional review, amendment and debate. Power will shift from Congress to the President to negotiate so-called trade deals, like the US-Asian Transpacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP).

2. Fast Track is needed to pass the TPP and TTIP — agreements that are so anti-democratic that neither would likely pass on their own without the ability of the administration to ram them through Congress with little or no debate, review and amendments.

3. The TPP has been negotiated in secret — secret to the public and Congress that is. However, hundreds of transnational corporate lobbyists have been anointed with “trade advisor status” during the negotiations — with the ability to provide input and feedback. No labor, consumer, human rights, or environmental organizations have received the same status and involved in the planning. What’s known about the deal has been through public leaks.

4. Both the TPP and TTIP contain “investor state dispute resolution” provisions. This permits corporations to directly sue national governments over what they consider “trade barriers” — but what citizens call labor laws, consumer laws and environmental laws protecting workers, communities and the environment. Suits are brought before extrajudicial “tribunals,” composed of 3 private unelected attorneys with the power to overturn national courts and domestic laws — with no outside appeal.

5. Fast Track, the TPP and the TTIP are not about “trade” (be it free or fair) or “trade barriers” at all. Tariffs are already virtually nil between the US and Europe. They are about democracy, sovereignty, self-determination, and self-rule — about who/what has the right to decide: We the People or corporations. Issues of “trade” are a front or distraction to high jacking what remains of our rights as citizens to define what we believe should be laws, rules and regulations governing labor, consumer, health, finance, the internet and environmental concerns.

FIND YOUR CONGRESSPERSON at http://whoismyrepresentative.com
CALL YOUR CONGRESSPERSON TODAY: 202-224-3121 (US Capitol) and ask for his/her office

Fast Track, the TPP and TTIP are simply the logical extensions of corporations escaping accountability and democratic control. A century ago, corporate owners escaped democratic authority by running from one state to another (Ohio to New Jersey or Delaware) or from the state level to the national level — where the public had less access and influence — to trump or usurp state laws. Today, corporate agents seek to escape national control (as weak as they many be) to the international level where they can exclusively define the institutions, terms and conditions to trump or usurp national rules.

We must stop them!

FIND YOUR CONGRESSPERSON at http://whoismyrepresentative.com
CALL YOUR CONGRESSPERSON TODAY: 202-224-3121 (US Capitol) and ask for his/her office

Onward to create the democracy we deserve!

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MONETARY HISTORY CALENDAR February 16-22

lincolngback

FEBRUARY 16

2015 –  PRESIDENT’S DAY, NATIONAL HOLIDAY IN THE US
In honor of today, here’s what a few Oval Office occupants said about money and banking:
– John Adams: “All of the perplexities, confusion, and distress in America arises, not from the deflects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.”
– Thomas Jefferson: “And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
– Andrew Jackson: “If Congress has the right under the Constitution to issue paper money, it was given to be used by themselves, not to be delegated to individuals or corporations.”
– James Garfield: “He who controls the money supply of a nation controls the nation.”
– Woodrow Wilson: “A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”

FEBRUARY 17

1950 – TESTIMONY OF JAMES PAUL WARBURG BEFORE US SENATE
Warburg, son of Paul Warburg, the “father of the Federal Reserve,” was a banker, advisor to FDR and member of the Council of Foreign Relations. Speaking before the Senate Committee on Foreign Relations, he stated: “We shall have world government, whether or not we like it. The question is only whether world government will be achieved by consent or by conquest.”

FEBRUARY 18

1546 – DEATH OF MARTIN LUTHER, MONK, PRIEST, KEY FIGURE IN PROTESTANT REFORMATION
Luther condemned anyone who charged usury (interest): “A thief, robber and murderer. Money is an unfruitful commodity which I cannot sell in such a way as to entitle me to a profit.”

FEBRUARY 19

1473 – BIRTH OF NICOLAUS COPERNICUS, MATHEMATICIAN AND ASTRONOMER
“Among the countless evils that bring about the demise of whole states, these fours are surely the most critical: internal discord, high mortality, infertility of the soil, and deterioration of money.
The first three are so apparent that hardly anyone would contest them. The fourth evil, however, stemming from the nature of money, is noticed only by those few who think deeply, for it causes the states to crumble not at one fell swoop, but gradually, near invisibly.”

1869 — CONGRESS PASSES BILL PROHIBITING USING UNITED STATES NOTES AS SECURITY OR COLLATERAL IN ANY LOAN MADE THROUGH A NATIONAL BANKING ASSOCIATION
“That no national banking association shall hereafter offer or receive United States notes or national bank notes as security or as collateral security for any loan of money…and any national banking association offending against the provisions of this act shall be deemed guilty of a misdemeanor and upon conviction thereof in any United States court having jurisdiction shall be punished by a fine…” Approved February 19 1869
This was one of many attacks by bankers on the Greenbacks — public money issued by the Lincoln Administration. Public control of the money system meant banks couldn’t control it. Banking corporations wanted, as they had done prior to and after Greenbacks, to print money out of thin air and then charge interest on top of it (otherwise known as “debt money”). Banks pressured Congress in a variety of ways to delegitimize Greenbacks. This law was one such way.

FEBRUARY 20

1862 – US REPRESENTATIVE THADDEUS STEVENS SPEAKS ON HOUSE FLOOR AGAINST “EXCEPTION CLAUSE” OF GREENBACK ACT
“I have a melancholy foreboding that we are about to consummate a cunningly devised scheme, which will carry great injury to all classes of people throughout the Union.”

1878 – REIGN OF POPE LEO XIII BEGINS
“On the one hand there is the party which holds the power because it holds the wealth, which has in its grasp all labor and all trade, which manipulates for its own benefit and its own purposes all the sources of supply, and which is powerfully represented in the councils of State itself.  On the other side there is the needy and powerless multitude, sore and suffering. Rapacious usury, which, although more than once condemned by the Church, is nevertheless under a different form but with the same guilt, still practiced by avaricious and grasping men…so that a small number of very rich men have been able to lay upon the masses of the poor a yoke little better than slavery itself.” — Pope Leo XIII statement on usury,

FEBRUARY 21

2013 – RELEASE OF NEW VIDEO ON MONETARY REFORM IN CANADA
Monetary Reform – a simple solution to some major problems affecting everyone in society. In this short interview, William Abram explains how money is created and some solutions that will benefit everyone. http://www.positivemoney.org/2013/02/new-monetary-reform-video-from-canada/

FEBRUARY 22

1732 — BIRTH OF GEORGE WASHINGTON, FIRST PRESIDENT OF THE UNITED STATES
Washington’s image is on the $1 bill, which has lost over 90% of its value since 1900. It’s estimated that $100 in 2012 equals the purchasing power of $3.48 in 1900. That’s a 96.4% decline. Inflation due to money printing for spending on unproductive purposes has been the major cause. The private Federal Reserve System has been the US central bank during for most of this period (since 1913).

1878 – FOUNDING OF GREENBACK-LABOR PARTY
The National (Greenback-Labor) Party was formed at a convention in Toledo, Ohio. Their platform declared that reform of the monetary system was necessary in order to “secure to the producers of wealth the results of their labor and skill, and muster out of service the vast army of idlers who, under the existing system, grow rich upon the earnings of others, that every man and woman may, by their own efforts, secure a competence, so that overgrown fortunes and extreme poverty will seldom be found within the limits of our Republic.”

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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, Deb Jose 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

CORPORATE FOCUS: Anti-Corporate Activists

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Coverage back in 2000 of efforts here in Ohio to research and expose corporate rule. The authors didn’t quite get the story right — what we were doing then, as now, is question and challenge corporate rights, rule and governance.
http://www.alternet.org/story/1839/corporate_focus%3A_anti-corporate_activists

NEO AFSC February 13, 2015 Podcast

podcasticon

Listen to podcast here

We summarize last week’s activities; announce upcoming events for next week; and comment on the US military budget; President Obama’s call for a constitutional amendment to regulate campaign spending; what bankers think of the economy; the backlash in Congress to the banker’s effort to protect their risky speculations with US tax dollars; US income/wealth inequality; and the call to stop upcoming Fast Track legislation.

MONETARY HISTORY CALENDAR February 9 – 15

lincolngback

FEBRUARY 9

2005 – STATEMENT OF HANS SCHICHT, AUTHOR
“The fact that the Banker is allowed to extend credit several times his own capital base and that the Banking Cartels, the Central Banks, are licensed to issue fresh paper money in exchange for treasury paper, have provided them with free lunch for eternity. Thanks to the stupidity and corruption of the legislators. And thanks to the great pundits and journalists, that never understood the crux of fiat money and thus never managed to explain the blatant, ongoing legalized robbery of the people by means of the financial fiat system!
“For over 150 years this robbery has been going on, recently increasing hyperbolically and building to an ultimate crisis. Year after year the Banker’s slice of the world’s asset baskets has been growing and growing. The Banker has become almighty. Through a network of anonymous financial spider webbing only a handful of global King Bankers own and control it all. Big Brother has come to us in the striped suit of the Banker.” (from “The Death of Banking and Macro Politics” February 9, 2005)

FEBRUARY 10

1808 – STATE OF OHIO GRANTS CHARTER TO BANK OF MARIETTA
This was the first bank chartered by the State of Ohio – and one of the earliest of any kind in the state. Once the charter or license was granted, the bank’s directors and stockholders (as with all banks) were provided the incredible privilege not available to farmers, artisans, or workers of any kind – the license to print money. Their paper bills were deemed legitimate by the state government by agreeing to accept them in payment of certain fees, etc.
The legal contradictions between bankers and farmers of that time (as well as today?) is summarized by author Jason Goodwin: “There seemed to be one set of laws for bankers, and another set for everyone else. For subsistence farmers working dawn till dusk the sums involved seemed obscene, and the principles of banking defied common sense. Armed with a charter, a banker could print money on demand to manufacture, out of thin air, a substance other people would pay him to possess. Yet he didn’t own it to begin with: it wasn’t anything but a promise, written on paper, to pay gold on demand—and he didn’t have the gold.”

FEBRUARY 11

1847 – BIRTH 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?”

2004 – RON PAUL, US CONGRESSMAN, SPEAKING TO THE HOUSE FINANCIAL SERVICES COMMITTEE
He referred to the Federal Reserve by stating, “maybe there’s too much power in the hands of those who control monetary policy?  The power to create the financial bubbles.  The power to maybe bring the bubble about. The power to change the value of the stock market within minutes.  That to me is just an ominous power and challenges the whole concept of freedom and liberty and sound money.”

FEBRUARY 12

1791 – BIRTH OF PETER COOPER, US INDUSTRIALIST, PHILANTHROPIST (FOUNDED COOPER UNION) AND GREENBACK CANDIDATE FOR PRESIDENT
“The substitution of greenbacks for National bank notes would have the bounty now paid to banks, which, being invested as a sinking fund, would in less than thirty years pay off the whole debt of the country.”

1809 – BIRTH OF ABRAHAM LINCOLN, PRESIDENT OF THE UNITED STATES
“The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy.” Under Lincoln’s administration, the US Government issued 450 million “Greenbacks” – interest and inflation free money. They weren’t government bill, bonds or any other debt-bearing note. They were actual US money.
“The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity. The financing of all public enterprise, and the conduct of the treasury will become matters of practical administration. Money will cease to be master and will then become servant of humanity.”

1873 – COINAGE ACT PASSED BY CONGRESS (THE “CRIME OF ‘73”)
The Coinage Act removed silver as a form of currency (“demonetized) – leaving gold as the major form of US currency. The public didn’t realize at first what happened. With silver no longer a form of money, the overall amount of currency dramatically declined, causing the prices farmers received for their produce to drop (deflation) but the cost of their debts rise. Thousand of famers lost their land. Those who held silver also suffered. This was one of the sparks of the rise of the farmer-led US Populist movement.

FEBRUARY 13

1728 – DEATH OF COTTON MATHER, AUTHOR, MINISTER AND CONVERT TO PAPER MONEY
“Where money has not been introduced, men are brutish and savage and nothing good has been cultivated.”

FEBRUARY 14

2015 – VALENTINE’S DAY – A DAY OF LOVE
In trying to find a link between love and something related to money and debt, came up with this…
Bible, Romans 13:8 “Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.”

FEBRUARY 15

2007 – QUOTE BY BEN BERNANKE, CHAIR OF THE US FEDERAL RESERVE (THE PRIVATE CENTRAL BANK OF THE US), ON THE US ECONOMY
“Despite the ongoing adjustments in the housing sector, overall economic prospects for households remain good. Household finances appear generally solid, and delinquency rates on most types of consumer loans and residential mortgages remain low.”
Less than a year later, the economy collapses due to the reckless housing loans and speculation by the financial industry. Congress passes a $700 billion bailout bill. The economy today  has still not recovered.”

———————–

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, Deb Jose 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

NEO AFSC February 6, 2015 Podcast

podcasticon

Listen to podcast at http://afsc.org/audio/neo-afsc-february-6-2015-podcast

We summarize last week’s activities; announce upcoming events for next week; and reflect on President Obama’s and Governor Kasich’s proposed budgets; why the “GDP” is not a good measurement of progress and wellbeing (and alternative measurements); oligarchy and political power; why a person thinking about running for President can only be “viable” if they can raise at least $50 million; and secret leaks revealing the US-European mis-named “trade” agreement will undermine sovereignty and democracy.

MONETARY HISTORY CALENDAR February 2 – 8

lincolngback

FEBRUARY 2

2010- DEATH OF EUSTACE MULLINS, AUTHOR, SECRETS OF THE FEDERAL RESERVE
“The Nation magazine was the only public organ, so far as I can find out, which printed out that the issue of the money of the U.S. was being turned over to a body of men who were neither elected nor answerable to elections.”

2015 – GROUNDHOG DAY
The 1993 film, Groundhog Day, tells the story of a TV weatherman who is caught in a time loop — repeating the same day over and over. This is similar to how most nation’s respond to being in debt: by borrowing more money and going into more debt — over and over.  It’s an economically destructive loop that forces nations to impose austerity on the majority of its citizens while enriching the elite. Only when the weatherman in the film acts with compassion is the loop broken. And only when nations understand that money can be created not as debt but as assets  interest- and inflation-free to meet the physical and human needs of people will the debt loop be broken.

FEBRUARY 3

1690 – FIRST PAPER CURRENCY IN BRITISH COLONIES ISSUED
Massachusetts becomes the first British colony to issue paper money. The money was used to facilitate economic transactions in the absence of British money.

1913 – RATIFICATION OF THE 16TH AMENDMENT, ESTABLISHMENT OF THE US FEDERAL INCOME TAX
The income tax provides a guaranteed and consistent source of income for the payment of any federal government function, including payment of interest on national debt. It was ratified earlier in the same year as passage of the Federal Reserve Act, which turned over the nation’s money power to a private central bank. Many economists believe the dollar holds its value better than the Euro in times of economic crisis since US interest payments from debt can be covered by US income taxes. There is no equivalent European income tax to cover Euro debts. This provides investors greater confidence in the dollar over the Euro.

1924 – DEATH OF WOODROW WILSON, 28TH PRESIDENT OF THE UNITED STATES AND SIGNER OF THE FEDERAL RESERVE ACT
“Some of the biggest men in the United States in the field of commerce and manufacture are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so passive, that they had better not speak above their breath when they speak in condemnation of it.”
“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom. (1911)
[Note: Despite such misgivings, Wilson signed the Federal Reserve Act two years later]

FEBRUARY 4

2013 – BANKING REFORM BILL INTRODUCED IN UNITED KINGDOM
The “Banking Reform Bill” was introduced in the House of Commons. It “would provide regulators with new authority to break up a bank if its investment activities put deposits at risk. The legislation goes a step beyond previously proposed policies that would merely require banks to separate retail banking from investment banking. Under the proposed legislation, in addition to requiring that institutions ring-fence deposits, the Bank of England could force an institution to sell off certain businesses if it determines that the institution has failed to protect retail banking activities from high-risk investments. The bill also would, among other things, provide depositors preference if a bank becomes insolvent, and set new leverage caps.”

FEBRUARY 5

1953 – BIRTH OF GIANNINA BRASCHI, PUERTO RICAN POET, NOVELIST AND ESSAYIST
“Banks are the temples of America.”

FEBRUARY 6

1756 – BIRTH OF AARON BURR, POLITICIAN, BUSINESSPERSON, VICE-PRESIDENT OF THE UNITED STATES
Burr and others convinced New York City council to charter the Manhattan Corporation in 1799. Its purpose was to raise dams and divert water throughout the city in response to the outbreak of yellow fever. A provision of the charter allowing the company to divert its excess capital in any activity “not inconsistent with the Constitution and laws of the United States.” This vague clause enabled the company to engage in banking activities. Alexander Hamilton (who later Burr killed in a famous duel) said, “He (Burr) has latterly, by a trick, established a bank — a perfect monster in its principles, but a very convenient instrument of profit and influence.” The Manhattan Corporation was the predecessor of what is now the J.P. Morgan Chase bank – one of the largest financial institutions in the U.S.

FEBRUARY 7

1870 – HEPBURN V GRISWOLD US SUPREME COURT DECISION
The Court declared that certain parts of the Congressional Legal Tender acts in the 1860’s were unconstitutional. The acts authorized the government to issue paper money, “Greenbacks”, and recognized it as legal to meet financial obligations. The Court concluded, however, that a party to a contract could not use paper money as payment for a debt if the contract stipulated gold or silver as payment. The Court explained how the US Congress possessed the power to coin money, but that that power was different than the power to make paper money legal.

———————–

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, Deb Jose 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