Mr. President, Mr. President, Congress and Senate,
We the lower and middleclass submit to you
Our Counter Proposal To The Bailout
1. We get 100 million lower & middleclass people who will fork over $200.
We take this money and create our own bank. Everyone is a stockholder. The
$200 is an investment, an asset, which will grow as the bank grows and profits.
2. The bank will take over the mortgages that are now delinquent. We will
lengthen the maturity dates and reduce the interest rates and make
adjustments that will reduce the payments. This so that the people can
afford reasonable payments that make sense. The original value of the
mortgage will not be renegotiated.
3. The bank will pay 10 cents on the dollar to the Wall Street banks for the
non-producing mortgages. Take it or leave it.
4. We the people of the lower and middleclass will then take our money and
deposit it into the new bank. We'll be capitalized and cash flowing. The
bank will be run with good old fashion conservative financial prudence.
5. To take the effort and provide the capitalization for this, the president,
the vice president, the congress and senate have to resign and go away.
We then execute our plan for the government after they resign as outlined at
We then change lawyers and politicians and our governments
from being our masters to being our servants.
Our Actions Are Legal, Encouraged And Authorized
By The Constitution Of The United States, The Supreme Law Of This Country
It Is Our Right And It Is Our Duty
“That to secure these rights, Governments are instituted among Men, deriving
their just powers from the consent of the governed, That whenever any Form
of Government becomes destructive of these ends, it is the Right of the
People to alter or to abolish it, and to institute new Government, laying
its foundation on such principles and organizing its powers in such form, as
to them shall seem most likely to effect their Safety and Happiness.
Prudence, indeed, will dictate that Governments long established should not
be changed for light and transient causes; and accordingly all experience
hath shown, that mankind are more disposed to suffer, while evils are
sufferable, than to right themselves by abolishing the forms to which they
are accustomed. But when a long train of abuses and usurpations, pursuing
invariably the same Object evinces a design to reduce them under absolute
Despotism, it is their right, it is their duty, to throw off such
Government, and to provide new Guards for their future security.” The
Declaration of Independence.
“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.” Thomas
Jefferson
“The strongest reason for the people to retain the right to keep and bear
arms is, as a last resort, to protect themselves against tyranny in
government.” Thomas Jefferson
"An individual who breaks a law that conscience tells him is unjust, and who
willingly accepts the penalty of imprisonment in order to arouse the
conscience of the community over its injustice, is in reality expressing the
highest respect for the law. Martin Luther King, Jr."
Jesus replied, “And you experts in the law, woe to you, because you load
people down with burdens they can hardly carry, and you yourselves will not
lift one finger to help them.” Luke 11:46
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To: The lower & middleclass
From: Larry Bumgarner, founder of Reenactment of 1776
A Spiritual, Economic, Ecological, & Social Revolution
We here at the Reenactment of 1776 do not see any reason ranting
and raving unless we present a solution. We believe the above
proposal makes so much sense to the lower and middleclass, as
compared to the proposed bailout that there is really nothing to
discuss. We feel that this is an economic & financial problem
and we offer an economic & financial solution. We also feel that
if this was a corporation that the board would have to resign.
We feel that the government should resign. We here feel that at
the core of all our economic, financial, legal and social ills
are the lawyers/professional politicians. Everybody in the lower
& middleclass knows that. They have corrupted it to such a
degree that they leave us with no alternative other then
Revolution.
Our Revolution is based upon two concepts.
1. The first concept is that if you borrow enough money from a
bank then you own the bank.
2. The second concept is that when you have someone by the balls
their mind soon follows.
If I borrow a lot of money from a bank then the bank will do
whatever I wish it to do, ala Donald Trump, Enron Corporation
and my Federal Government. If these entities do not pay back
their debt then the bank goes under and then there is no more
bank. The borrowers, by virtue of lots of debt, own the bank and
the bank will serve them like they are owners of the bank. The
bank will do anything so these huge borrowers do not default.
The lower/middle class owns all of the debt. We own the banks.
The Revolution can be accomplished simply by not paying this
debt. If the lower/ middle class decided individually and
collectively that they were not going to make any mortgage,
credit card and auto loan payments, and/or at the same time
removed all of our money from the banks then we would bring the
banking system to its knees within a short period of time. That
would have a seriously negative effect on Wall Street and world
markets. We then would simply ask our President, Vice President,
our Congress and our Senators if they would please resign and go
away. If they do not chose to resign then we sit back and wait
and not pay the bills. It's simple. It's easy. It's peaceful.
It's non-violent. It's something anyone can do. It doesn't cost
anything. It requires no effort. It's something we already know
how to do. You can even barbecue and revolt at the same time.
This is a spiritual, economical, ecological & social Revolution.
It addresses all these issues. Do not for a moment think that we
do not have the power. Pass this on, cut and paste it, print it,
mail it, nail it on your town hall door. Send it to your
president, your vice president, your senator and/or your
congressman. Air it, broadcast it, send it to your newspaper.
This is a window of opportunity that has to be seized. Either
change it or stop ranting and raving.
Don't be scared, my name not yours is on this. They'll shoot me
first. Stay anonymous but spread it to as many as fast as you
can. We can do this.
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Send Larry an email
A Suggested Plan For Your Future
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