Post a Comment
Original Content at
(Note: You can view every article as one long page if you sign up as an Associate Member, or higher).

December 12, 2009

We the People Must Punish Big Banking & Finance

By Chaz Valenza

Mr. & Mrs. America, your money and jobs are going, going... gone. So, what are you going to do now? We need to force change. Here's a swift, legal, crafty action you can take today, tomorrow and forever until we get change. If we can not take direct actions like Use Cash, what will we tell our children?


Okay, let's explain this to ourselves as if we're five-year-olds.

Churning money on Wall Street makes nothing of value.

Printing money at the Fed feeds nobody.

A corporate merger, in and of itself, is intrinsically worthless.

And a bailout of a failed company or bank just punishes viable competitors.

Spin the money all you want; without the sweat of the worker, or some other energy input, it all grinds to a halt.

According to Paul Volcker, this is something Wall Street didn't know.


Mr. & Mrs. America, your money and jobs are going, going... gone. So, what are you going to do now? More importantly, what will your children do in General Electric's Great Big Beautiful Tomorrow?

Will your children be prisoners of the banking system too?

We need to force change. Not slogan change - real change. Read no further if you like the fairytale of the politicians making everything better.

First, please raise your hand if, by now, you don't realize that collateralized debt swaps and obligations, and other sophisticated (Ha!) derivatives, are nothing more than subterfuges for the Biggest Con every perpetrated, a masterpiece that continues today unabated.

No hands? Just you over there at Goldman Sachs? We don't need or want you.

Second, digest this: There is no free lunch in the absolute worlds of physics, economics and politics. You get what you put in. That's right, there's no such thing as a perpetual motion machine or a wind-up Obama that produces change without an ounce of fuel.

Is it the Internet's virtual world that has somehow convinced us that words are enough to get us what we want?

Yes, it was easy to be seduced by the election narrative of the new transformative leader. But, now it's time to grow up, dear parents.
Blogging and moaning on websites this piece included is nothing compared to forces so powerful they put the fix in for their con with nearly every politician and agency in Washington, DC.

Do we still think we're going to get fair health care reform by calling our congress people? A few hands? You over there, still wearing the Yes We Can t-shirt, you're not excused. Listen up.

You want change? Okay, sign petitions, write the letters, make the phone calls, send the emails, blogg and moan online, but don't expect any of that to work unless...

You're also willing to vote with your feet and deny our corrupted system of the money and, therefore, the power that enables our being abused.

Here's a swift, legal, crafty action you can take today, tomorrow, and forever until we get change.

Deny Big Banking an important revenue stream by eschewing their oh so easy and convenient payment system of credit and debit cards. Instead, opt for the more cumbersome payment method called Cash.

If you haven't heard about this yet you are forgiven. It's new and taking subversive market action is not yet in the lexicon of virtual world protests. Visit: www.UseCashMovement.org to learn more.

Short story, just by using more cash and less plastic, en masse, we can deny Big Banking & Finance billions of dollars a year. And, if the movement gets big enough, it will send a message to all those who derive their funding and power on the backs of workers and citizens.

By using more and more cash, we can send a clear and punitive message. If the system refuses to administer justice, then we the people must.

If the system won't punish Wall Street, the Federal Reserve and the now way, way too big to fail banks, it's our job.

Yes, to do this we must suffer some small inconveniences. If we're not willing to be inconvenienced, we do not deserve meaningful change.

So, I challenge you to make this work. Use more Cash starting now to punish Big Banking and Finance. I also challenge the Huffington Post, Alternet, Truthdig, OpEd News, etcetera to get the word out.

Get behind Use Cash as a first, significant action of innovative market based protest of the new century. Please, come up with similar actions we can take against other corporate transgressors, like the health care insurance companies and the government that keeps sending our jobs overseas.

If we are not capable of this, we do not deserve change. If we can not take direct actions like Use Cash, what will we tell our children? That we did a lot of blogging and moaning online and it didn't work?

Submitters Bio:

Chaz Valenza is writer and small business owner in New Jersey. He earned his MBA from New York University's Stern School of Business. His current feature film project is "Single Point Failure" an insider's account of how the Reagan Administration caused the greatest tragedy of the space age based on Richard C. Cook's book "Challenger Revealed." He is a former Director of Public Information for Planned Parenthood of NYC. His website is: www.WordsWillNever.com