Democracy Convention

Z

The Next Step toward Creating a Diverse Democracy Movement

by Greg Coleridge

https://zcomm.org/znetarticle/democracy-convention/

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REAL Democracy History Calendar: June 26 – July 2

realdem

https://realdemocracyhistorycalendar.wordpress.com/2017/06/26/real-democracy-history-calendar-june-26-july-2/

Subscribe to the REAL Democracy History Calendar, https://realdemocracyhistorycalendar.wordpress.com/about/

#TheDemocracyCalendar #EndCorporateRule #CorporateRule #GetMoneyOut #Democracy #WeThePeopleAmendment #MovetoAmend

5 Reasons to Oppose Senate Tax Cut/“Health Care” Bill

Senate Health:TaxCut bill

The Senate bill will be voted on this week unless public pressure results in at least 3 Senators opposing it.

Rob Portman from Ohio is one of the Senators who hasn’t yet decided how he will vote. He needs to hear from constituents. Please call both his DC and Ohio offices.
DC: 202-224-3353 | Cleveland: 216-522-7095

1. Maybe the # 1 reason: The bill isn’t a “health care” bill at all, but a tax cut bill
The bill will retain the nearly $1 trillion in tax cuts from the House bill over the next decade. The tax breaks would go primarily to the very wealthy, with 40 percent of savings going to the top 1 percent of earners and 64 percent of savings going to the top 20 percent of earners. The super rich, those earning $100 million a year from investments through stock sales and dividends would no longer have to pay that the Medicare tax that the rest of us pay. Just one example: Republican Party mega donor Sheldon Adelson could see his tax bill cut by about $43 million. Tax cuts will also go to insurance and pharmaceutical corporations.

2. Ending Medicaid as we know it
The bill would roll back Medicaid expansion (affecting 11 million people), cut federal support for the program even more than the House bill, which cut Medicaid by $800 billion. Seventy-five percent of poor children rely on Medicaid. Fifty percent of births in the U.S. are covered by Medicaid.

3. Millions left uninsured
The bill is similar to a House measure that would have left 23 million Americans without health insurance. Incidentally, President Trump called the House version “mean.” The bill would allow insurers to not cover essential services — such as emergency services, maternity care, opiod addiction treatment and mental health disorders

4. Less generous subsidies
Those eligible for insurance would receive less generous subsidies. This would negatively effect older consumers with moderate incomes.

5. Secrecy / lack of transparency
The bill was negotiated behind closed doors by 13 Republican male senators. The public, media, and Democrats and most Republicans in Congress had no knowledge of the bill’s contents during the negotiations. There were no public hearings. A government agency hasn’t yet “scored” or determined the cost of the bill, which was also true of the House bill before it was voted on.

Please call Senator Portman.

 

MONETARY HISTORY CALENDAR June 25 – July 1

Greenbackk

JUNE 25

2007 – STATEMENT BY SHEILA BAIR, FORMER HEAD OF THE FEDERAL DEPOSIT INSURANCE CORPORATION
“There are strong reasons for believing that banks left to their own devices would maintain less capital — not more — than would be prudent. The fact is, banks do benefit from implicit and explicit government safety nets…In short, regulators can’t leave capital decisions totally to the banks.” Bair cautioned against lowering capital requirements (the amount of money banks have to hold compared to their loans)

JUNE 26

1009 BC – BIRTH OF KING SOLOMON, SON OF DAVID
The rich rules over The poor, and The borrower is The slave of The lender. Proverbs (of Solomon) 7:22

JUNE 27

1836 – STATEMENT BY JOHN C. CALHOUN, FORMER US VICE-PRESIDENT
“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.”

JUNE 28

1836 – DEATH OF JAMES MADISON, 4TH PRESIDENT OF THE UNITED STATES
Madison signed into law a bank bill in 1816 creating the Second National Bank of the United States. Chartered for 20 years, the bank amassed economic power, which led to the successful efforts of President Andrew Jackson to abolish it in 1836.

JUNE 29

1795 – DEATH OF JOHN JAY, FIRST CHIEF JUSTICE OF THE US SUPREME COURT
“Those who own the country ought to govern it.”

1858 – DEATH OF EDWARD KELLOGG, BUSINESSMAN AND ECONOMIST. HIS IDEAS INFLUENCED THE POLICIES OF THE POPULIST AND GREENBACK PARTIES
“Legal value belongs to anything which represents actual value, or capital. Its existence depends upon actual value. The worth of things of legal value depends upon their capability to be exchanged for things of actual value. Since money is our monetary system is created as debt, the ‘legal value’ of money includes both the principal debt and interest — which exceeds the ‘actual value’ of a nation’s real wealth or claims on collateral at any point in time. The only means to close this gap and cover interest payments is to create additional collateral (goods and services) via economic growth. Of course, this additional debt-based money used to pay the previous interest has its own interest. Thus the downward debt cycle never ends until it collapses.

JUNE 30

1812 – FIRST US TREASURY NOTES AUTHORIZED BY THE UNITED STATES CONGRESS
Treasury notes are promise to pay notes to borrowers to raise revenue. The US needed funds to fund the War of 1812. Rather than print US money (such as “Continentals” – an interest- and debt-free money issued by the Continental Congress to pay for the Revolutionary War), the US government followed a different course – to issue notes to borrowers with promises to pay the principal with interest at a later date. The original interest rate was 5.4%. Wars cause indebtedness. Bankers tend to like wars since they tend to create financial dependency of nations to bankers. Thomas Edison would later say about Treasury bonds, “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…”

1997 – PUBLICATION OF ARTICLE “BEYOND GREED AND SCARCITY” BY BERNARD LIETAER IN YES MAGAZINE
“While economic textbooks claim that people and corporations are competing for markets and resources, I claim that in reality they are competing for money – using markets and resources to do so. Greed and fear of scarcity are being continuously created and amplified as a direct result of the kind of money we are using. For example, we can produce more than enough food to feed everybody, and there is definitely enough work for everybody in the world, but there is clearly not enough money to pay for it all. In fact, the job of central banks is to create and maintain that currency scarcity.”

2005 – PUBLICATION OF “A MATTER OF INTEREST” BY WILLIAM HIXSON, CANADIAN ECONOMIST
“The very idea of a government that can create money for itself, allowing banks to create money that the government then borrows, and pays interest on, is so preposterous that it staggers the imagination. Either everyone in government in charge of the procedure is lacking in intelligence or they have been bought and paid for by those who profit from their skullduggery and their infidelity to the public interest.”

JUNE (not certain of exact date)

1992- UPDATED PUBLICATION OF MODERN MONEY MECHANICS BY THE FEDERAL RESERVE BANK OF CHICAGO
“The actual process of money creation takes place in commercial banks. Banks can build up deposits by increasing loans and investments…This unique attribute of the banking business was discovered several centuries ago…At one time, bankers were merely middlemen. They made a profit by accepting gold and coins for safekeeping and lending them to borrowers. But they soon found that the receipts (bank notes or IOUs) they issued were being used as if they were a means of payment. “These receipts were acceptable as if they were money since whoever held them could go to the banker and exchange them for metallic money…Then bankers discovered…that they could make loans merely by giving borrowers their promises to pay (bank notes). In this way banks began to create money…More notes (IOUs) could be issued than the gold and coin on hand, because only a portion of the notes outstanding would be presented for payment at any one time…Demand deposits (checks) are the modern counterpart of bank notes. It was a small step from printing notes to making book entries to the credit of borrowers, which the borrowers in turn, could ‘spend’ by writing checks.”

JULY 1

1944 – BRETTON WOODS CONFERENCE BEGINS
The United Nations Monetary and Financial Conference, known as the Bretton Woods Conference was a meeting of 44 Allied nations in New Hampshire, where the International Monetary Fund (IMF) and World Bank were created. Participant nations agreed to fix their currencies to a set value of gold. Debtor nations were to be helped with payments. The actual program was the use of loans (to be paid back with interest) to create political and economic dependence to loaning countries and their bankers. Agreements to receive further loans were often conditioned on “Structural Adjustment Programs” which called for privatization/corporatization of public services, wage cuts and perversion of economies to service debt payments.

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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 the original 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. It is currently updated by Greg Coleridge. Please forward this to others and encourage them to subscribe. To subscribe/unsubscribe or to comment on any entry, email monetarycalendar@yahoo.com
To see the calendar year-to-date, go to https://monetarycalendar.wordpress.com/
A second historical calendar, the REAL Democracy History Calendar, in many ways complements this calendar. For information, go to https://realdemocracyhistorycalendar.wordpress.com/about/

REAL Democracy History Calendar: June 19 – 25

realdem

https://realdemocracyhistorycalendar.wordpress.com/2017/06/19/real-democracy-history-calendar-june-19-25/

Subscribe to the REAL Democracy History Calendar, https://realdemocracyhistorycalendar.wordpress.com/about/

#TheDemocracyCalendar #EndCorporateRule #CorporateRule #GetMoneyOut #Democracy #WeThePeopleAmendment #MovetoAmend

MONETARY HISTORY CALENDAR: June 18-24

Greenbackk

JUNE 18

1926 – BIRTH OF CHARLES WALTERS, FOUNDER OF ACRES MAGAZINE, A VOICE FOR ECO-AGRICULTURE
“[O]ur forefathers took steps to protect the economic freedom of the United States by giving to Congress, elected by the people, the power to provide a monetary system independent of the monetary systems of other countries, and to regulate the value of the dollar, adopted as our monetary unit, or measure of value. This power automatically gave Congress the right to determine the value of the United States production in terms of United States money.”

JUNE 19

1902 – DEATH OF LORD ACTON, ENGLISH HISTORIAN, POLITICIAN, AND WRITER
“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”

1946 – DEATH OF HENRY SIMONS, PROFESSOR OF ECONOMICS, UNIVERSITY OF CHICAGO
“The mistake lies in fearing money and trusting debt.”

JUNE 20

1756 – BIRTH OF WILLIAM RICHARDSON DAVIE, NORTH CAROLINA DELEGATE TO THE 1787-8 CONSTITUTIONAL CONVENTION AND GOVERNOR OF N. CAROLINA
“So low and hopeless are the finances of the United States, that, the year before last Congress was obliged to borrow money even, to pay the interest of the principal which we had borrowed before. This wretched resource of turning interest into principal, is the most humiliating and disgraceful measure that a nation could take, and approximates with rapidity to absolute ruin:
Yet it is the inevitable and certain consequence of such a system as the existing Confederation.”

JUNE 21

1940 — DEATH OF SMEDLEY BUTLER, MARINE CORP MAJOR GENERAL (MOST DECORATED MARINE IN US HISTORY AT THE TIME OF HIS DEATH)
“I spent thirty-three years and four months in active military service as a member of this country’s most agile military force, the Marine Corps. I served in all commissioned ranks from Second Lieutenant to Major-General. And during that period, I spent most of my time being a high-class muscle man for Big Business, for Wall Street and for the Bankers. In short, I was a racketeer, a gangster for capitalism…I wouldn’t go to war again, as I have done, to protect some lousy investment of the bankers. There are only two things that we should fight for. One is the defense of out homes and the other is the Bill of Rights. War for any other reason is simply a racket…. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912…”

2012 – DEATH OF ANNA SCHWARTZ, CO-AUTHOR OF “A MONETARY HISTORY OF THE UNITED STATES”
“A Monetary History of the United States” contributed to a new consensus on monetary issues, including the sources of the Great Depression. The 888-page book asserts that the 1929 stock market crash and subsequent Great Depression was caused by mistakes by the Federal Reserve. . Former Federal Reserve Chairman Ben Bernanke called the work, ‘the leading and most persuasive explanation of the worst economic disaster in American history.’ ‘You’re right; we [the Fed] did it. We’re very sorry. But thanks to you, we won’t do it again.’
A month after the collapse of Lehman Brothers, Schwartz said in the Wall Street Journal interview the insolvent financial firms should not be bailed out, but rather shut down.

JUNE 22

1911 – SPEECH OF PRESIDENT WILLIAM HOWARD TAFT BEFORE NEW YORK STATE BANKERS’ ASSOCIATION
“There is no legislation, I care not what it is, tariff, railroad, corporation, or of a general political character, that at all equals in importance the putting of our banking and currency system on a sound basis.”
Of course, Taft’s definition of a “sound” banking and currency system was the plan being pushed by major bankers – the creation of a private central bank (which basically defines the Federal Reserve) and the ability of banking corporations to create our nation’s money – as debt.

1949 – BIRTH OF ELIZABETH WARREN, US SENATOR, MASSACHUSETTS
“What we need is a system that puts an end to the boom and bust cycle. A system that recognizes we don’t grow this country from the financial sector; we grow this country from the middle class.” “Powerful interests will fight to hang on to every benefit and subside they now enjoy. Even after exploiting consumers, larding their books with excessive risk, and making bad bets that brought down the economy and forced taxpayer bailouts, the big Wall Street banks are not chastened. They have fought to delay and hamstring the implementation of financial reform, and they will continue to fight every inch of the way.”

JUNE 23

1948 – WEST INTRODUCES NEW CURRENCY IN W. BERLIN, SOVIETS RESPOND WITH BLOCKADE
Several factors led to the blockade of W. Berlin by the Soviet Union. These included the unification of the French, British and US sectors into a West German government and the issuance of a currency in the new country. It was the issuance of a new currency in W. Berlin on June 23. The next day the Soviets imposed a complete blockade on Berlin.

2016 – BREXIT VOTE
Citizens in the United Kingdom vote in a national referendum to withdraw from the European Union. British voters felt their sovereignty, including economic sovereignty, was in peril by remaining in the EU. Other European nations, including those who have entirely lost their ability to issue and circulate their own national currency, are exploring a similar exit. [Note: The British maintained their authority to issue and circulate their currency, the Pound, despite being EU members, unlike other members.]

JUNE 24

1982 – LEWIS V UNITED STATES (AMENDED DECISION OF THE US COURT OF APPEALS, NINTH CIRCUIT)
“Federal Reserve banks are not federal instrumentalities for purposes of a Federal Tort Claims Act, but are independent, privately owned and locally controlled corporations in light of fact that direct supervision and control of each bank is exercised by board of directors. Federal Reserve banks…are locally controlled by their member banks; banks are listed neither as “wholly owned” government corporations nor as “mixed ownership” corporations; federal reserve banks receive no appropriated funds from Congress and the banks are empowered to sue and be sued in their own names . . ..”

1946 – BIRTH OF ROBERT REICH, FORMER US LABOR SECRETARY
“The dirty little secret is that both houses of Congress are irrelevant.  … America’s domestic policy is now being run by Alan Greenspan and the Federal Reserve…America’s foreign policy, meanwhile, is now being run by the International Monetary Fund [IMF] with some coaching from the Treasury Department.”

———————–

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 the original 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. It is currently updated by Greg Coleridge. Please forward this to others and encourage them to subscribe. To subscribe/unsubscribe or to comment on any entry, email monetarycalendar@yahoo.com
To see the calendar year-to-date, go to https://monetarycalendar.wordpress.com/
A second historical calendar, the REAL Democracy History Calendar, in many ways complements this calendar. For information, go to https://realdemocracyhistorycalendar.wordpress.com/about/