Gather with grassroots leaders and concerned citizens on Friday, April 20, 2012, in Washington, DC, for the eighth annual protest rally at the Federal Reserve in Washington, D.C. Co-launched by the Center for Economic and Social Justice and the Coalition for Capital Homesteading, the rally will run from 11:30 AM to 1:30 PM at the Constitution Ave. entrance of the Federal Reserve Building (between 20th and 21st Streets, NW). We are sending the Federal Reserve and our politiciians a new message: Pass the Capital Homestead Act to build justice in our money and tax systems, to grow a vibrant, sustainable economy, and to launch a new national goal: "Every Citizen an Owner."
Why We're Rallying at the Federal Reserve
To present how the Federal Reserve, without taxpayer money or adding to Federal debt, could help monetize a new national strategy for building a “green growth” economy, eliminating government deficits, and creating a nation of capital owners by lifting artificial barriers to more equal future ownership opportunities.
Background
America and the world community face a continuing collapse of the money and credit system not seen since the Great Depression. Flawed policies of central banks like the Federal Reserve, which supported speculation in the stock market over production of real goods and services, were a root cause of this crisis.
The effects of the global financial crisis are evidenced by inadequate capital credit for businesses of all sizes, and growing unemployment, poverty, and hopelessness among potentially productive Americans, and citizens of other countries. Meanwhile, the Fed continues to ignore the obvious differences between productive uses of credit and non-productive uses of credit, pouring money into mounting government deficits and crippling future generations with debt.
America can wait no longer. Now is the time for a comprehensive policy framework that would reform the financial system, democratize governance of the Fed, unify the nation and light a new path for the world.
Taking inspiration from President Abraham Lincoln, the great Unifier and Emancipator, the coalition will call on President Barack Obama to introduce a new direction for Federal Reserve policy — a 21st century counterpart to Lincoln’s Homestead Act. Along with tax and other reforms, the proposed “Capital Homestead Act” would channel the Fed’s money creation powers to grow our private sector economy, and economically emancipate every man, woman and child in America through a direct and growing capital ownership stake in the new technologies and energy systems that America will need to compete in the global economy.
The Fed Holds the Key
The key to growing the economy and creating new owners of new income-producing wealth is the democratization of access to productive capital credit. The Capital Homestead Act would employ the Fed’s existing powers under Section 13 of the Federal Reserve Act and make the Fed’s money power accessible directly to every American.
By reorganizing the Federal Reserve System and its twelve regional banks into a “fourth branch of government,” every citizen can become a shareholder of this basic institution of money creation. Why "End the Fed," as some are calling for, when we as citizens should "Own the Fed"?
No longer should the Federal Reserve and our tax system merely serve the special interests of a financial elite or become the tool of the Federal government for financing war and deficit spending. “We the People” must be empowered to hold the Fed accountable and to return it to its true social purpose. With changes in our tax and monetary policies, as embodied in the comprehensive economic plan called "the Capital Homestead Act," we could create sound, asset-backed money for sustainable private sector growth, and liberate every man, woman and child as a direct owner of new productive wealth.
What You Can Do to Carry This Forward
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Join us at the "Justice Through Ownership" Rally on April 20, 2012.
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Invite others to the “Justice Through Ownership” Rally.
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Read the “Declaration of Monetary Justice”, sign it and send a copy to your Congressional representatives. Encourage others to do the same.
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Get organizations and individuals to become members of the Coalition for Capital Homesteading. Go to www.CapitalHomestead.org to add your name to those who join with others supporting the Declaration of Monetary Justice and the Core Principles of the Coalition for Capital Homesteading.
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Spread the word through your social networks and the blogosphere.
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Work with the Coalition for Capital Homesteading to make every citizen an owner and pass the Capital Homestead Act by 2012!
