My wife and I attended our local city council meeting tonight to listen and discuss to/with people concerning a very interesting idea and concept with regards to Norman and the money that the city has to use. Several concerns have been brought to my attention in recent days concerning Bank of America and it's immediate effect on my community. Currently, BoA holds the account for Norman's city revenue. To discuss the absurdities that surround this particular financial institution would be an exercise in futility and require one of the largest case study reviews ever conducted on a financial institution. To sum it up however, the local citizens present at the meeting brought their concerns forward about the unethical and illegal practices conducted by this institution and have made a request to council members to keep Norman's money in a Norman bank that is actually answerable to our demands. Why should we expect financial institutions to care about what happens to our money when 99% of the people in charge of said institution in all likely hood probably could not find our city on a map, let alone tell you the capital of Oklahoma. I am a strong proponent of this move and what it represents in our modern community. What this says is that even though we are globalizing with respects to our social interactions with one another around the world and connecting with people at a fast growing rate, it also maintains that we decide where our money goes, that no matter how small (or large) the community, we are going to maintain our local independence. We do not need irresponsible corporate entities and we need to make it plain knowledge that our local branches and citizens are better than their corrupt minds and intentions. I believe we need to move away from institutions such as the Federal Reserve (which is unconstitutional) and begin to use the treasury again, which was one of JFK's solid bedrock principles. I'll leave you, the readers, with these two quotes from two of the most brilliant minds and regarded fathers of our nation.
John Adams:"All the perplexities, confusion and distress in America arise, not from defects of the Constitution or Confederation; not from any want of honor or virtue, as much as downright ignorance of the nature of coin, credit and circulation."
Thomas Jefferson:
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
