STAGE 1 INVOLVES REFORMING CENTRAL BANKING AND GETTING THE ECONOMY WORKING FOR THE PEOPLE, NOT THE BANKERS.
Stage 1 involves reforming Central Banking and getting the economy working for the people, not the bankers. In order to achieve this we propose shutting down the Federal Reserve and temporarily giving its powers to Congress. This would have to coincide with campaign finance reform to get special interests out of Washington and make sure politicians are representing the people. Reform in Stage 1 also includes monetizing the debt and abolishing harmful international banking agencies. You can check all of these out in more detail below.
On the one hand it is necessary to support the Americans to the dismantling the Federal Reserve, involved in the construction of companies, active globally and at the origin of the current economic disaster. On the other hand, in Europe, it is necessary to repeal Article 123 of the Treaty of Lisbon and realize a monetization of the debt to restore the power to regulate the financial markets by the national banks.
Dismantling the Federal Reserve will likely require mass mobilization against its practices and an education campaign exposing its failures. You can sign up to participate in critical mass actions to Audit and End the Federal Reserve here. As pressure mounts, a strategy must also be in place to ensure a smooth transition so that it doesn’t result in economic chaos. For this, we propose temporarily shifting Federal Reserve powers to Congress.
Although we do not support more government power in the long run, it seems necessary to restore economic functions to the government as we dismantle the central banking system and explore new alternatives. It would be absolutely critical to make all economic decision-making accessible and transparent to the public. Televised hearings, and debates – similar to CSPAN – could help facilitate more public interaction and accountability.
New government functions would likely include printing and lending money at low or fixed interest rates at the Federal, state, and/or municipal levels. We can draw upon successful models from the past and ones that are working today. For example, North Dakota currently has a state bank that has managed to maintain a surplus amidst the economic crisis. In 2008, while the rest of the country was on the verge of bankruptcy, North Dakota had a surplus of $1.2 billion.
THIS INTERNATIONAL BANKING TRIO IS DESTROYING THE WORLD.
They bankrupt countries, charge astronomical interest rates, require unfair loan conditions, and create development strategies that benefit Multinational Corporations rather than the residents of the country.
INTERNATIONAL MONETARY FUND (IMF)
The IMF serves as a sort of “lender of last resort” to developing or struggling countries. Although its stated goal is to “alleviate poverty”, all loans are issued with strict conditions and regulations that usually end up weakening economies, burying governments and their people in debt, and opening up the market to devastating transnational corporations. Watch this video with John Perkins, - "Confessions of an Economic Hit Man" to learn more about how it works
Although the World Bank represents 184 countries, it is run by a small group of the most powerful nations who in turn promote their own interests. The President of the World Bank, for example, is nominated by the President of the United States and has always been a citizen of the U.S. Like the IMF, the World Bank also issues Structural Adjustment Loans which place restrictions on how the money can be spent. For example, a World Bank loan may require privatization of the water supply which benefits transnational corporations and undermines the rights of the people. In this way the World Bank can manipulate and control growth in the developing world to benefit itself.
BANK FOR INTERNATIONAL SETTLEMENTS
he Rothschild-created Bank for International Settlements (BIS) “serves as a bank for central banks.” It has 55 member central banks but is mainly run by bankers from the United States, England, Germany, Switzerland, Italy, and Japan. Unlike the IMF and World Bank, it operates with much less transparency and is not accountable to national governments. Nevertheless, it has significant control over the global financial system by setting capital requirements and reserve controls. Evidence shows it played a key role in Japan’s recession in the late 1980’s and more recently contributed to the financial meltdown in the U.S. by enforcing the Basel II Accords, which required banks to adjust the value of their marketable securities in November of 2007. Private individuals within the BIS are making key economic decisions without public scrutiny. This must come to an end! To learn more, check out Ellen Brown’s Article "The Tower of Basel"