{news} Moving The Money To Main Street Campaign: Proposal 309??

[Jean de Smet]

I agree with this intention.

 

The downside is that we can appear to be liberal do-gooders, who just like
to feel better about our investments while keeping the basic financial power
structure intact.

 

Another group advocating similar changes in investment is Coop America and
the Social Investment Forum, who David Bue, our candidate for Treasurer, is
a member of.  Perhaps David can be enticed to consult and keep this new
effort "on track" as the revolutionary change to our economic system that we
know is needed.   

 

This type of action plan is an easy way to make a statement, but we need to
be sure the statement is clear.  Perhaps at this time, we're just saying,
"Money is power and the people have enough of it to change things, if we
stick together.  Vote with your dollars."

 

Jean

 

-----Original Message-----
From: ctgp-news-bounces at ml.greens.org
[mailto:ctgp-news-bounces at ml.greens.org] On Behalf Of Clifford Thornton
Sent: Wednesday, August 29, 2007 10:01 AM
To: ctgp-news at ml.greens.org; Charlie Pillsbury
Subject: Re: {news} Moving The Money To Main Street Campaign: Proposal 309??

 

I know Catherine and we have worked on this issue.  She is top flight and
makes a ton of sense.  I would vote for this even if it is not well
developed at this point.

 

Cliff

----- Original Message ----- 

From: Charlie <mailto:chapillsbury at igc.org>  Pillsbury 

To: ctgp-news at ml.greens.org 

Sent: Tuesday, August 28, 2007 10:54 PM

Subject: {news} Moving The Money To Main Street Campaign: Proposal 309??

 

Connecticut Green Party - Part of the GPUS
http://www.ctgreens.org/ - http://www.greenpartyus.org/

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I'm sorry that I was unable to attend the SCC meeting this evening because
of a rescheduled church meeting.  I would be interested, however, in your
input on the following proposal under consideration by the GPUS.  My current
view is that the ideas embodied in the proposal are well-intentioned, but
not well developed, so I'm ambivalent.  


What do others think?  How should I vote?  for, against, or abstain (when
you abstain your vote doesn't count for or against the proposal for purpose
of passage, but your vote is counted to determine whether a quorum exists,
that is, whether enough delegates have voted on the proposal to be sure that
it represents a sufficient cross-section of NC members.)


Proposal 309: Moving The Money To Main Street Campaign

Background

The top financial institutions are the largest buyers of influence in our
government. By using major U.S. Banks for checking accounts, investments,
mortgages and/or credit cards people are enabling the centralizing of power
to those who are the primary movers behind the policies that give us wars,
environmental degradation and no healthcare.

  a.. The amounts of money we run through our bank accounts are small but
not
insignificant, especially to smaller institutions.
  b.. Deposits moved to community-based financial institutions give us a
greater
ability to influence investment decisions, such as for organic farms or
local energy projects.
  c.. Coordinated economic boycotts have successfully changed business
practices to be more sustainable. We can apply this tool to the largest
financial institutions for a broader impact.
  d.. Telling institutions why we are doing this, and that it is part of a
nationalcampaign, will make an impression.
  e.. How we vote with our money and how we use our money can be a
significant source of political power.


Proposal


Create a mechanism whereby individual Greens and state Green Parties can
participate in a coordinated campaign to withdraw their funds/investments
from the major banks and reinvest their accounts in credit unions or local
banks that they determine are well managed with excellent reputations for
investing in their local economies in a sound way. This effort will include,
but not be limited to:

  a.. A list-serve for participants to organize their efforts, to find and
research sound financial institutions, and to facilitate outreach to local
communities for broad-based support and participation.
  b.. A planned series of actions where groups of Greens withdraw and/or
invest in specific institutions together for greatest impact.
  c.. Coordination of these actions to make the most of local and national
media
opportunities.
  d.. Amplifying the impact of these actions by implementing them in a one
month
period, tbd.
  e.. Providing presidential candidates a tangible example of Green Party
support for community-based economics.
  f.. Developing a GPUS webpage that will chronicle the campaign including
its
progress, success stories, list of actions, how to get involved, resource
lists
including Questions to Ask Your Banker, How to Research Your Bank, etc.

By supporting our local communities and not financing those who manage the
government bank accounts in a corrupt manner we establish ourselves as the
Party of Peace, Social Justice and Community-based Economics. 


Resources


NC delegates and other Greens across the country who are interested in
participating, GPUS dedicated list-serve, GPUS webpage, Catherine Austin
Fitts

Contacts: Katey Culver GPTN newtribe at hughes.net
Howard Switzer h4gov at hughes.net


References


www.solari.com/banks  <http://solari.com/sem/WB04t6.htm>
http://solari.com/sem/WB04t6.htm

 <http://video.google.com/videoplay?docid=2815320647447139109&hl=en>
http://video.google.com/videoplay?docid=2815320647447139109&hl=en

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