www.cesj.org/fedrally

Why We Are Rallying at the Fed

As Federal Reserve Chairman Ben Bernanke warned, America faces a global collapse of the money and credit system not seen since the Great Depression. Flawed Fed policy was a root cause for this crisis.

The Fed continues to ignore the obvious differences between productive uses of credit and non-productive uses of credit, pouring in new good money for mounting government deficits and the bailout of toxic assets.

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 coalition will call on the President to introduce a new direction for Federal Reserve policies. “The Capital Homestead Act,” a proposed 21st century counterpart to Lincoln’s Homestead Act, would channel the Fed’s money creation powers to grow the private sector -- without inflation, increased government debt, or taxpayer dollars.

This revitalization plan would economically emancipate every man, woman and child in America through a growing personal capital ownership stake in the new technologies and sustainable energy systems that America needs to compete globally.

The key is the democratization of access to productive capital credit to grow the economy and create new owners of new income-producing wealth. This strategy 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.

As a coalition of concerned citizens and organizations, we will gather at the Federal Reserve to offer a positive alternative to today’s current monetary policies. These policies are empowering a wealthy few and corrupting our financial system, while gradually turning the rest of us into wage slaves, welfare slaves, debt slaves and tax slaves.

There is an inescapable reality to how power is distributed in society. It comes down to: "Own or be owned." If America is to continue as a free and democratic nation, we need an economic counterpart to the right to the political ballot, enshrined as a right of citizenship.

We believe that every person, not just a tiny elite, should have equal economic opportunity and equal access to the means to acquire and build up one's own "capital homestead" as an independent source of income. By creating asset-backed money and interest-free money for broadly owned private sector growth, the Federal Reserve holds the key to realizing this new economic policy objective.

We are calling on the President and Congress to "Democratize the Fed," so that this basic institution can become of, by, and for, the people. We are here to demand, “Cut Us In or Cut It Out!”

Why We Are Rallying at the Fed| Organizations in the Coalition| What You Can Do|
Contact Information| Declaration of Monetary Justice| Poem: "Justice Q & A's"
About Capital Homesteading| Summary of the Capital Homestead Act
Letter from the Solidarista Movement of Central America