OWNtheFED.org

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On Thursday, April 15, 2010 political, community, and religious leaders and concerned citizens will rally from noon till 1:30 p.m. in front of the Federal Reserve Building in Washington, D.C., on the Constitution Avenue entrance between 20^th and 21^st Streets, N.W. Sponsoring organizations include the Center for Economic and Social Justice and the Coalition for Capital Homesteading.

The keynote speaker will be State Rep. Anastasia Pittman of Oklahoma City, OK who is spearheading an innovative model of citizen ownership called the “Citizens Land Cooperative” for financing land and infrastructure development in local communities. Speakers from around the U.S. and other nations will call for the new policy goal of “Every Citizen an Owner” through capital homesteading.

Purposes of the Event

• 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.

• To chart a step-by-step strategy for creating Capital Homesteading models at the community level, passing national legislation (the Capital Homestead Act) and developing global applications to provide every citizen of the world the means to become an owner of income-producing wealth.

Background

• America and the world community face a continuing collapse of the money and credit system not seen since the Great Depression. Flawed Federal Reserve policy was 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. 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 policies — a 21^st 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 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.

•  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. “We the People” could hold the Fed accountable, geared toward sustainable private sector growth, and truly “of, for and by” the people. No longer could the Fed merely serve the special interests of a financial elite or become the tool of the Federal government for financing war and deficit spending.

What You Can Do

• Be there at the Federal Reserve on April 15^th at noon. 

• Invite others to the “Own the Fed” Rally.

• Sign the “Declaration of Monetary Justice” and encourage others to do the same.

• Get organizations and individuals to become members of the Coalition for Capital Homesteading.

• Spread the word through your social networks and the blogosphere.

• Work together to make every citizen an owner and pass the Capital Homestead Act by 2012!

For information on the Fed Rally and the Coalition for Capital Homesteading:
Norman G. Kurland: (Tel) 703-243-5155, (E-mail) thirdway@cesj.org