<html><body><div style="color:#000; background-color:#fff; font-family:arial, helvetica, sans-serif;font-size:10pt"><div><div>Hi folks</div><div><br></div><div>Just finished writing out the minutes of the meeting that I took at the nonviolence festival event: Economic Solutions for the 99% held on Nov.12, 2011. Feel free to use/share the info. I did a spell check but I'm too sleepy to do a proper proof read so if you find typing errors,by all means, feel free to fix. Info is below for your reference.</div><div><br></div><div>Lulu :0)</div><div><br></div><div><br></div><div><div style="margin-bottom: 0in; ">Notes taken at the public forum: Moving Towards a Peaceful Economy: Solutions for the 99% held on November 12<sup>th</sup>, 2011 as sponsored by the Nonviolence Festival, as taken by Louisette Lanteigne</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Matthew Albright helped open the event with an intro of the
group and reading of the agenda.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Roger Albright showcased economic movies to provide background to our current economic crisis. They can be viewed on YouTube at the following link:</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">The Essence of Money: A medieval tail. <font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank" href="http://youtu.be/_dwL9lqVBxY" style="color: rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial; ">http://youtu.be/_dwL9lqVBxY</a></u></span></font></div><div style="margin-bottom: 0in; ">Money as Debt (part 3) <font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank" href="http://youtu.be/kTv1fo6sKmo" style="color: rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial;
">http://youtu.be/kTv1fo6sKmo</a></u></span></font></div><div style="margin-bottom: 0in; ">Dollars & $ense: Where does money come from? <font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank" href="http://youtu.be/r0jtkwBVG6M" style="color: rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial; ">http://youtu.be/r0jtkwBVG6M</a></u></span></font></div><div style="margin-bottom: 0in; ">Canada's Greatest Experiment with Bill Abrams (part 2) <font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank" href="http://youtu.be/9yYEFuN2v08" style="color: rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial; ">http://youtu.be/9yYEFuN2v08</a></u></span></font></div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Guest speaker Tom Kennedy, a retired school teachers shared his knowledge about the function of Usury aka
Interest.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">In the criminal code, section 347-348 it states that it is illegal to charge a usury fee that exceeds 60% of credit advanced. Technically people can literally charge up to 60% interest and get away with it in Canada.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">The practice of charging usury fees is prohibited in religious texts including the Old Testament, the Bible and the Koran.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Citizens have the power to create community currency at the local level and with it, one can circumvent the need to pay usury fees. One such example can be found in Ithaca NY called the Ithaca Hours. To read more of this visit here: <font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank" href="http://www.ithacahours.org/" style="color:
rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial; ">http://www.ithacahours.org/</a></u></span></font></div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Recommended Reading: None dare not call it conspiracy by Gary Allen published in 1971.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">There is an old saying that interest is theft and money can't have babies.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Many activities are being recorded to review trends, information using even our online browsing history but a good site to use if this is a concern is startpage.com.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">In medieval times, a winged lion represented loans without usury fees. Has anyone looked at the logo of the RBC? It's like a lion with it's wings clipped.</div><div
style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Workshop Questions: What have we learned & What do we want to communicate to others?</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Group 1</div><div style="margin-bottom: 0in; ">-Canada experienced greater prosperity when the Bank of Canada handled the money.</div><div style="margin-bottom: 0in; ">-Other options exist: currency as credit in general stores worked, local currency in hours, bartering etc.</div><div style="margin-bottom: 0in; ">-Currently Canada has no policy in place to secure economic resilience.</div><div style="margin-bottom: 0in; ">-People should get political/run for office/vote and participate in movements such as Occupy.</div><div style="margin-bottom: 0in; ">-We need more education/public outreach on the matter.</div><div style="margin-bottom: 0in; ">-We need our economy structured within natural capital
limits</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Group 2</div><div style="margin-bottom: 0in; ">-Money is not circulating as it should</div><div style="margin-bottom: 0in; ">-US federal reserve is privatized</div><div style="margin-bottom: 0in; ">-People need to understand how important it is to not buy beyond one's means</div><div style="margin-bottom: 0in; ">-Money = air . (aka most money doesn't physically EXIST)</div><div style="margin-bottom: 0in; ">-It's up to citizens to create the change.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Team 3</div><div style="margin-bottom: 0in; ">-Occupy needs to be aware of their strategy and beware of those trying to manipulate the movement.</div><div style="margin-bottom: 0in; ">-Once people are aware of what's happening, there's no undoing it. We need to wake people up.</div><div style="margin-bottom: 0in; ">-Good authors to read:
John Perkins and Steve Keen.</div><div style="margin-bottom: 0in; ">-Check out personocraftia.com</div><div style="margin-bottom: 0in; ">-At times of war or threats of war, question the agenda of attacking nations and national banking set up</div><div style="margin-bottom: 0in; ">-Community Currency for donations are legally recognized by way of the issuance of tax receipts. In that regard, the government has handled it like currency.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Team 4</div><div style="margin-bottom: 0in; ">-People need information beyond what media is currently providing</div><div style="margin-bottom: 0in; ">-The crisis is far greater than many people realize</div><div style="margin-bottom: 0in; ">-We need financial regulation and to expose directive market</div><div style="margin-bottom: 0in; ">-We need a time to see debts forgiven. A Jubilee year.</div><div style="margin-bottom: 0in; ">-Quality
of Life and Health indicators should be the new index</div><div style="margin-bottom: 0in; ">-Glass Eagle Bill: November 12, 1999, this bill to introduce banking regulation was abolished. Learn about it and reintroduce.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Team 5</div><div style="margin-bottom: 0in; ">-absolute Power corrupts absolutely</div><div style="margin-bottom: 0in; ">-the banks subjugate the public/nations</div><div style="margin-bottom: 0in; ">-We have many unseen influences in media/credit card and debt activities etc.</div><div style="margin-bottom: 0in; ">-the system we have fosters an isolationist society.</div><div style="margin-bottom: 0in; ">-the Global power brokers are unseen by the world.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">PART 2 of Forum</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">The non violence
festival's website is at <font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank" href="http://www.nonviolencefestival.com/" style="color: rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial; ">www.nonviolencefestival.com</a></u></span></font> and they meet at the Queen St. Commons Tuesday nights. Anyone is welcome to attend.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Keynote Speaker: Retired Professor George Crowell BA Th. D.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Violence can be reduced through Economics. It's my ambition to secure the Economic solutions to help create a better world.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">The creation of money out of nothing is huge and it should be reserved for those working for the public good, not corporate benefit.</div><div
style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">We have coins/cash but the cash only makes less than 5% of today's money. The rest is all through banks who facilitate transactions. Problems arise when they make loans creating money every time it's done. 97% of money in circulation is created by private banks. They create principal but they don't cover the costs of the interest so the loan is not covering the total cost of the money paid back to them. They get more so public debt is created. Many end up borrowing to pay back principal and interest and there simply isn't enough to go around. We compete for the limited cash resources and defaults lead to further debt. When paid back, the money created simply disappears. No actual cash is circulated after the debt is paid.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">The consequence of debt money is:</div><div style="margin-bottom: 0in;
">-recession</div><div style="margin-bottom: 0in; ">-competition in community which is bad</div><div style="margin-bottom: 0in; ">-banks are in a strong position based on our collateral. They take the interest and when people default they take their collateral including real assets such as homes, properties, belongings etc.</div><div style="margin-bottom: 0in; ">-The current monetary system concentrates money into the hands of the few not the many.</div><div style="margin-bottom: 0in; ">-It promotes growth to exploit our finite planetary resources</div><div style="margin-bottom: 0in; ">-The Government must borrow from private banks building debt. While bank profits increase citizens face austerity measures, programming cuts etc.</div><div style="margin-bottom: 0in; ">-Creating money by government to solve the issue is possible. The monetary policy applicable is the Bank of Canada Act.</div><div style="margin-bottom: 0in; ">-Raising interest to fight
inflation ins perverse. It only benefits the wealthy.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Alternatives Exists ( the work of Will Avery was referenced)</div><div style="margin-bottom: 0in; ">The power to create money out of nothing can be taken away by the Bank of Canada to stop banks form handling it. It can be spent into reality by way of expanding social programs, infrastructure projects and public services. It creates money as it creates jobs for the public creating a public benefit with unlimited possibilities. Interest free loans to build infrastructure means taxpayers only have to pay it off once not two or three times.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Canada pays $60 Billion per year, that's $165 million per day on interest for out debt. Imagine using that money to fund social justice programs, environmental programs etc.</div><div
style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">We need to see a Renaissance of the Bank of Canada. Make it an environmental issue, make it an election issue. Visit this website for more details:<font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank" href="http://www.comer.org/" style="color: rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial; ">http://www.comer.org/</a></u></span></font></div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">People worry about issues such as counterfeiting when someone gets something for nothing but banks get away with it all the time. All of us can benefit when money creation works through the Bank of Canada because it is spent into existence to create jobs and things people need or it is lent into existence interest free to help pay down debt. We need to take over the power and use it for the public.</div><div
style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Fractional Reserve Banking: We had policy in Canada to mandate bank reserves of 5-20% to be maintained but Harper abolished it in 1991.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Defaults- Bake write offs. When a person goes into bankruptcy for $45,000, that $45,000 is a benefit to the economy because there is no more interest on it.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Rely on local economy. Buy local. Live within your means and lobby for the Renaissance of the Bank of Canada.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Trade and Debt = the enslavement of nations. NAFTA is less than free and more than trade.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Myth buster: Don't believe that if we make more money there will be
inflation because the fact is, Government money is less inflationary than bank made money.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">The US needs to use the National Emergency Employment Act to remove the Federal Reserve money to the National Monetary Fund.</div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Good book and website: Ellen Brown's Web of Debt. For online info visit <font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank" href="http://www.webofdebt.com/" style="color: rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial; ">www.webofdebt.com</a></u></span></font></div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Another good site, the Canadian Centre for Policy Alternatives at <font color="#000080"><span lang="zxx"><u><a rel="nofollow" target="_blank"
href="http://www.policyalternatives.ca/" style="color: rgb(35, 71, 134); outline-width: 0px; outline-style: initial; outline-color: initial; ">http://www.policyalternatives.ca/</a></u></span></font></div><div style="margin-bottom: 0in; "><br></div><div style="margin-bottom: 0in; ">Austerity is unnecessary, (Quote by Jim Stanford CAW)</div><div><br></div></div></div></div></body></html>