Petition statement to be delivered to The United States House of Representatives, The United States Senate, and President Barack Obama

Reform The Federal Reserve Bank

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Reform The Federal Reserve Bank

To be delivered to The United States House of Representatives, The United States Senate, and President Barack Obama

Petition Statement

Enact the Capital Homestead Act to create new owners of future productive capital investment in businesses simultaneously with the growth of the economy and thereby broaden private, individual ownership of America's future capital wealth. The CHA would enable every man, woman and child to establish a Capital Homestead Account or "CHA" (a super-IRA or asset tax-shelter for citizens) at their local bank to acquire a growing dividend-bearing stock portfolio to supplement their incomes from work and all other sources of income.
There are currently 189 signatures. NEW goal - We need 200 signatures!

Petition Background

We need to reform the Federal Reserve Bank to create new owners of future productive capital investment in businesses simultaneously with the growth of the economy.

The solution to broadening private, individual ownership of America's future capital wealth requires that the Federal Reserve stop monetizing unproductive debt, including bailouts of banks "too big to fail" and Wall Street derivatives speculators, and begin creating an asset-backed currency that could enable every man, woman and child to establish a Capital Homestead Account or "CHA" (a super-IRA or asset tax-shelter for citizens) at their local bank to acquire a growing dividend-bearing stock portfolio to supplement their incomes from work and all other sources of income. Policies need to insert American citizens into the low or no-interest investment money loop to enable non- and undercapitalized Americans, including the working class and poor, to build wealth and become "customers with money." The proposed Capital Homestead Act would produce this result.

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