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Greens Demand 'Money Power to the People’ to Stem Evictions

By: Rita Jacobs | Published: 1/4/2021

Greens Demand 'Money Power to the People’ to Stem Evictions
(This article comes from the Banking and Monetary Reform Committee of the Green Party. The primary author is Howard Switzer, co-chair, Green Party of Tennessee)

Every year millions of people receive eviction notices, one every 9 seconds, and that was before the pandemic! The life altering tragedy of eviction is traumatizing with impacts that extend far beyond the immediate loss of a home. They can be a catalyst for a chain reaction of calamities, pushing tenants into poverty and homelessness, disrupting education and employment, and spurring a host of health problems. Ten months into the pandemic CBS News' reported, 30 to 40 million Americans could lose their homes after December 31st. CNBC reports that has now been extended through January 31st, but then what? Renters owe an estimated $70 billion in back rent and while the ban on evictions is extended this does not address the root of the problem.  The root problem is that people do not have the money they need for a quality of life and that is largely due to the system’s design.

The current monetary system has driven us into this economic, ecological, and existential catastrophe. Those responsible are incapable of doing anything to correct this. That will require a new system, one that the powerful have fought, lied, cheated, using every dirty trick throughout history, to keep their profitable system in place. The Green Party is dedicated to the people-powered political intervention necessary to replace this unjust system with one that serves the needs of the people in common.

The Banking and Monetary Reform Committee (BMRC) of the Green Party calls on U.S. citizens to demand that Congress embrace its Constitutional responsibility to create the money.  This responsibility is expressly stated in the U.S. Constitution (Section 8: Powers of Congress), and is necessary to “establish Justice, ensure domestic Tranquility,” and “promote the general Welfare,” purposes of the government as delineated in its Preamble. It does not say hand the money creation power over to private banks.

“It is widely recognized that the economic system is causing the world's problems. The root of that corrupted system is the privately controlled monetary system, a central feature of capitalism from which it derives enormous power,” said BMRC co-chair Howard Switzer

Greens understand that money for most of civilization's history, has played two roles:

1. An exchange medium for facilitating economic activity (the currency)

2. An instrument of power capable of dominating the market (the hidden hand)

It is the second feature that allows the capitalists to dominate the markets with centrally controlled monopolies making capitalism a parasite on free enterprise. The changes Greens propose in their platform would retain the first role and eliminate the second.

Hoarding large amounts of money gives one the power to disrupt the economy for their own benefit, as Koch, Bloomberg, Gates, Bezos and other politically active billionaires have done. Market Watch reports that the 651 billionaires in the U.S. today have seen their collective wealth grow by more than $1 trillion over the past nine months. At this point, the exploding net worth of the billionaires has surpassed $4 trillion, in total, almost double the combined wealth of the bottom half of the U.S. population. They could easily fund temporary Covid 19 relief efforts but will not.

Any discussion of changing the monetary system requires a discussion of governance, asking who rules? As Frederick Douglas said, "power concedes nothing without a demand." Therefore, to address the confluence of crises we face today We the People must turn our great need into a great demand for real power to be put back exclusively in the hands of the people through its elected Congress sworn to uphold the Constitution.

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