The Public Plan : Break up the banks

Total moved out of big banks $2104164

The Public Plan : Break up the banks

Posted by tiffiniy on Nov 19, 2009

Rep. Barney Frank released a proposal for the failing banks but got a lot slack from reform advocates like us. He responded to this criticism by saying, "People say break 'em up. I don't anyone who can tell me in the abstract how to break them up."Today, we're launching the Write Them" Center because we have the policy plan and everyone, including Barney Frank needs to know. Our front page has the public plan. It's already the most popular -- it has 50,000 signatures already.

We need everyone to write the bloggers, Congressmembers, and communities they love or read or just belong to and tell them that there is something they can do to restore the economy and create a better political economy - sign onto the pledge to break up the banks. Our Write Them Center is an easy tool to send these letters to Congress and to your local papers - try it.

Also, Richard Castonon, a recent ANWF volunteer has made a FOIA request draft that you can use. It requests our senators and reps give us all the documents, memos, etc. that justify the bailing out of the largest banks rather than have them go through a bankruptcy process as they should have, as any failing company does.

Go to the Write Them Center and get Congress, your favorite bloggers and organizations on board!

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Comments

we need not "Break up the banks"

Comment by Anonymous posted on Nov 20, 2009

Hi Tiff,

I'm from Veniswala originally which is now under currency issuance of [Banco Central de Venezuela], I now find myself living in the UK with the Great British Pound issuance from the [Bank of England], I see this is a US blog idea typo site so i'll keep it short and SIMPLE. I sometimes find it hard when people [globally] fail to grasp what is really wrong with the current monetary model - AND IS AS FOLLOWS:

Why do we allow a PRIVATE RUN FOR PROFIT COMPANIES i.e.

[Bank of England]
[Federal Reserve]
[European Central Bank]

and any central bank for that matter issue 'our promise to pay and at *interest*' which leads to

1) inflation and deflation
2) systemic manipulation of the cost or value of money or property
3) inherent, irreversible multiplication of debt in proportion to a vital circulation, engendering inevitable systemic failure at a finite system lifespan defined by an inevitable, terminal sum of insoluble debt.

As we can less and less afford to service private debt, two things therefore arise as consequences:
1. We can ever less afford to service an escalating sum of government / public debt (which the usurpers will willingly defer to preserve their graft); and
2. We are ever less credit-worthy to replenish the circulation of what we pay against our inescapable private debts, by re-borrowing further.
The latter introduces a need to find a way — any way — to sustain the circulation by introducing a stream of capital sufficient to maintain a circulation against the constant deflation which is transpiring — in other words *our* payments, predominately against private principal and interest obligations (which is the side of their graft which the usurpers are not so willing to defer).
Particularly in the later stages of the limited lifespan of any such poor-ported "economy," "financiers" (mere publishers of money), need to be ever more "creative"[/subversive] to establish a return stream of "capital" (currency, produced at virtually no cost whatever) sufficient to maintain a circulation against the inherent destruction of credit-worthiness by the system. In other words, as we are made ever less fit to service debts multiplied ever more beyond us, to sustain the graft, "financiers," have to leak ever greater quantities of "money" into the system so that we can continue to service private debts from a sufficiently replenished circulation.

Isn't it about time the PEOPLE moved to a Mathematically Perfected Economy™ http://www.perfecteconomy.com so we stop paying/bailing/propping up a system that will in the END cause the destruction of all the worlds "economies".

Wesley A Kitikonti
[some text taken from Mathematically Perfected Economy™ http://www.perfecteconomy.com]