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Resistance
See other Resistance Articles

Title: Declare independence from gambling Wall Street banksters: Move your money and demand full reform
Source: [None]
URL Source: http://www.examiner.com/x-18425-LA- ... r-money-and-demand-full-reform
Published: Jan 1, 2010
Author: Carl Herman
Post Date: 2010-01-01 10:06:20 by Horse
Keywords: None
Views: 35

In the holiday movie, It’s a Wonderful Life, the community banker played by Jimmy Stewart is in a fight for his life, and unknowingly has his community’s future in his hands. The difference for the survival of his community is access to bank credit, focused in the film on the ability to have a home. The antagonist is a destructive banker who would turn the community into a slum as a function of his short-sighted and loveless domination.

In our real world of the present, we’re dominated by a cartel of big banks with political cover, creating money as debt, and leaving the US in collective unpayable debt. We, the public, are the potential Jimmy Stewarts, if we can shift our current destructive monetary and banking model for the public good. What can the public good accomplish? Good question. The following are factual claims I challenge you to test by reviewing the documentation.

1.Over $1 trillion in annual public benefits from ending banks creating bank credit as debt for our monetary system, and enacting monetary reform for public-created money for the direct payment of public goods and services. This idea was supported by 86% of teaching economic professors and many of America's brightest historical minds. Nobel Prize-winning economist Milton Friedman was among the supporters, envisioning less inflation than our current monetary system. 2.Paying our $12 trillion national debt easily and without inflation as new money is created as the banks’ ability to create credit from nothing is slowed. The savings of the annual interest payment to taxpayers is over $400 billion every year. 3.Full employment. The government becomes the employer of last resort for infrastructure improvement that returns more than the cost of the projects, and thereby lowing prices. 4.2% mortgages, 6% credit cards, 5% interest paid on deposits from state-owned banks.

Strategically, we can withdraw support from banksters while we lobby for the above policies. The US taxpayers transferred an unprecedented amount of our purchasing power in the trillions of dollars to these parasitic banks in the so-called bailout.

Further articles of interest can be explored by topic and description in my economics section of articles.

Please watch the following 4-minute video on moving our money away from the banksters.

As always, please share this article with all who can benefit. If you appreciate my work, please subscribe by clicking under the article title (it’s free). Please use my entire archive of work to help build a brighter future.

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