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Federal Reserve
Democratize access to credit by re-making the Federal Reserve and re-forming the nation's money system. The Federal Reserve's Board of Governors is a virtual who's who of the international banking oligarchy. The leadership of the Fed is the exact opposite of democracy; it is control of the money system by the wealthy few, plutocracy. The result has been decades of Fed leadership aimed at funneling finance capital into big business monopolies, leaving small and mid-sized businesses capital starved and creating a decidedly unlevel playing field that disadvantages all sectors of the economy except for big business transnational corporations. It is time to end the Federal Reserve, and create a new democratic national banking system putting sound money and free market lending in the place of the failed monopoly practices of today's failed bankers. A replacement for the existing Federal Reserve System would retain the Fed's regional decentralization, but include representation from all the major sectors of the economy and civil society, small and mid-sized business, local and regional governments, non-profits and organized labor. In addition, a number of at-large representatives should be democratically elected directly by the people of each region.

Put Teeth on ATM's
Feb 28, 2010 — KZeese

Fighting the big banks is good for the economy, it's good for job building and it good for our politics. And it's fun! The big 4 banks are abusive, so our "Break up With Your Big Bank" campaign is growing - you helped move hundreds of thousands of dollars and more unreported to local banks.

Now, let's spread out and flyer others in our own cities. People are already turning the campaign into a movement in your city.

Our friends and neighbors need to stop using their big banks and big bank credit cards now. How can we get this to happen? People are rallying with simple acts at events across the country and are successfully reaching people the internet can't.

1. Get the flyer and give it to people at an event or an ATM, it was made by a dedicated volunteer organizer, Bruce Hartford (just click on it).

2. Get Stealth and Creative like the Raging Grannies on the West Coast, for one, who are pioneering homemade cardboard teeth on some participating ATM's. Make some teeth and start raging.

Tell us what can happen in your town -- do it, list the action, or get help from us.



Prosperity for all!
Feb 27, 2010 — admin

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Take Action

• Once again the president and congress are not including any discussion of the only real solution to America's health care problems - expanding and improving Medicare to cover everyone in America. On February 25th, the Leadership Conference for Guaranteed Health Care will be holding a "Sidewalk Summit for Improved Medicare for All" outside the Blair House in Washington, DC before the Democrats and Republicans have their session. If you are able to be in Washington, DC meet us at 9 AM at the White House. Specific meet up details will be announced as the event gets closer. Find out how an improved Medicare for All system will meet Preident Obama's goals for a health care system that works for the American people.

• Our "democracy" looks more like a party for the mega-corporations and conglomerates. At this moment, the big banks are successfully gutting consumer protections from a bill in Congress that is supposed to fix the problems leading up to the economic crisis. Fight corruption!

• Money is not speech, and human beings, not corporations, are persons entitled to constitutional rights. Sign the motion to amend the constitution



Fraud: The Western Banking Industry's Fastest Growing Export
Mar 10, 2010 — KZeese

By J. S. Kim
Seeking Alpha

Despite the fact that nearly all of the macroeconomic trends I have predicted since 2006 on my blog, the Underground Investor, have come true, the percent of people that disagree with my predictions for 2010 and 2011 still outnumber those that agree by a factor of ten to one. There is a rational explanation why the public still grants a great deal of validity to the opinions of people I like to call the “men who cried wolf” – Ben Bernanke, Timothy Geitner, Gordon Brown, Alan Greenspan, et al.



FDIC chief hits banks for not making loans
Mar 10, 2010 — KZeese

By Kevin G. Hall
McClatchy Newspapers

ARLINGTON, Va. — Putting political pressure on the nation's banks, Federal Deposit Insurance Corp. Chairwoman Sheila Bair called Monday for borrowers to identify and report banks that aren't lending to consumers and small businesses.

After a speech on other topics, Bair spoke about tight credit conditions in response to a question at a gathering of business economists just outside the nation's capital.



Showdown looms for financial reform
Mar 10, 2010 — KZeese

By Victoria McGrane
Politico

If there were any question that the stakes are high for financial reform, consider this: Even the Defense Department is getting into the fight.

Pentagon brass want a new consumer watchdog agency to regulate auto dealers so they don’t rip off troops with predatory sales and shady financing deals. Democrats are hoping it’ll be hard for Republicans to oppose something Pentagon leaders want, at a time when troops are in harm’s way.



Financial Transactions Tax: A Little Tax on the Big Casino
Mar 10, 2010 — KZeese

By Tanya Dawkins
YES! Magazine

So here we are. It’s as if the whole world is channeling the scene from the movie, Jerry Maguire, when Cuba Gooding Jr. jumps up and down shouting, “Show me the money!” Fund universal health care and climate policy, extend unemployment benefits, and rebuild crumbling infrastructure.



Bank of America ends overdraft fees on debit cards
Mar 10, 2010 — KZeese

By EILEEN AJ CONNELLY
Associated Press

NEW YORK — Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.

Rules set by the Federal Reserve that will ban banks from charging such fees, without first getting permission from the customer, are set to take effect July 1.



"Citizens United" Disaster Spreads, Resistance Builds
Mar 9, 2010 — KZeese

By David Swanson
Free Speech for People

The damage from the Supreme Court's decision in "Citizens United v. FEC" continues to spread as feared. Newly emboldened corporations are suing to overturn state laws that restrict corporate spending on politics:

"A pro-natural resource development group [how's that for spin?] and a Bozeman painting company asked a Helena District Court on Monday to strike down Montana’s 1912 ban on corporate donations and expenditures to political campaigns to comply with a January U.S. Supreme Court ruling."



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