Presidential Commission, Council of Elders

Folks,

It is time for us to consider forming a Provisional Revolutionary Council (An Alternative Presidential Council, A Council of Elders, which would soon replace "the Administration" and "the Congress" gain hold of the Treasury, abolish the Federal Reserve, and allocate money directly to the people/communities while working within our local communities to foster and facilitate a comprehensive ecological economic redevelopment plan and implementation plan while organizing inter-community cooperation and solidarity within a World Congress for Community Economic Development (WCCED).

I am looking for nominees, you may self-nominate, for such a Council.


In Peace, Friendship, Community, Cooperation, and Solidarity,

Mike Morin

TARP and Related Matters

As DeFazio and others have suggested fire Summers and Geithner, but take back ALL the TARP money, not only that given to AIG and Goldman Sachs.

Put the money into a Peoples Equity Fund for allocation to community betterment/worker owned projects for ecological economic redevelopment which is inclusive, equitable, humane, altruistic, healthy, needs and peace oriented, and sustainable.

We do not need a Federal Reserve, which is the biggest heist of all history. We do not need Federal Taxes and we do not need to borrow funds from the self-serving Banking and Investment “Community”. All we need is a Treasury to make direct allocations to enterprises and individuals within communities and within and among economic sectors that produce and serve to meet the needs of people..

DeFazio talks of "infrastructure" and the organized crime of the fluke 20th century continues to trickle in millions upon millions of dollars to the linear trajectory of a dysfunctional suicidal and genocidal (of all youth and children) “path”. What does he want more squandered "stimulus" money, a continuation of the National Highway Act of 1950? Sorry, Peter, you're right on the front end, but wrong from then on.

Decommission the military and end military spending as fast as possible and dedicate some if not much of that money to the comprehensive education/action (eduaction) program that will be necessary to transition to such a cooperative communitarian/socialist (because some may be unable to contribute, and at first there will be a lot of resistance from many who are happy with a welfare state existence and/or understandably prefer such to the slavery and repugnant alternatives that thinly exist, if at all, within the Capitalist system) economy.

Much more to write, but limited space.


In Peace, Friendship, Community, Cooperation, and Solidarity,

Mike Morin
Eugene, OR
(the unresponsive DeFazio's district)


P.S. I have repeatedly suggested to the nameless, faceless women who stonewall for Peter, or perhaps more accurately for the Capitalist interests that control him and manipulate him, that Peter (and I have been in touch with Congressman John Lewis from George (Mason) Jah Town) (and John’s staff seem to understand better) and hopefully others introduce legislation to directly access Treasury funds for the purpose of assisting in a public/private(quasi-public) partnership that would exand the concept of an Organization for Economic Opportunity to all communities with the public sector’s participation being one of direct funding to low-income communities programs and projects, and funding of community organizing personnel in the mold of ACORN, Ameri-corps, and/or similar or a newly conceptualized program.

Clarifying the Peoples Equity Union Concept

Collin,

Thank you for writing.

As you know, the banks not only charge interest, but most often issue a lien (i.e. they want collateral for the loan).

The entire Capitalist paradigm, whether it be in credit relations or equity relations, however inequitable the latter and former usually are, is based on the self-fulfilling, inflationary, and wasteful assumption called the time value of money, sometimes referred to as "the discount rate", which assumes that money will be worth less in the future. And, as we can see by the housing market, as the most burdensome example, eventually worthless.

Such a system sets off furious, irrational competition for businesses and institutions (I make the distinction because business can be productive and institutions tend to be exploitative) who set as their objective a "hurdle rate", "internal rate of return", "return on equity" rather than the meeting of peoples needs.

I have read Greco's book. I did not finish it. It started out good when he explained his personal history and intentions but deteriorated soon.

I am in favor of keeping the Treasury and eventually evolving to a world currency. The Federal Reserve should be abolished, although I am uncertain about the concept and role of "reserve notes". Thinking it through, it is an extension of the inflationary paradigm that I referred to earlier in this note. We must proceed very cautiously in phasing out or down such a system.

I strongly believe that we should redefine the credo word to be equity sharing, only because of the bad connotation that that credit has evolved to date. Equity sharing should replace "lending", equity trading, and equity investing.

I hope you comprehend and can appreciate and share this communication.

Please feel free to continue the conversation.


In Peace, Friendwalkin', Community, Cooperation, and Solidarity,

Mike Morin

The Federal Reserve?

What do we need the Federal Reserve for? It seems to me that, under a reformed financial/economic system, the Treasury could issue funds directly to people, communities, productive endeavors (via their local equity unions) rather than issuing money to speculative, usurious private corporations (the banks).