[Occupymendocino] We need a Pres. Directive for a FTT

[agnes at mcn.org]

This is the new contact to send an email to President Obama. Please
personalize the email I have include below or delete parts and send it
with the new white house address.Highlight the body of this letter and
edit with copy then click on the website below. On the form type in your
name and address, note the subject and  click  paste on the box for the
letter.

With massive support for a financial transaction tax (FTT) Pres. Obama may
make another Presidential directive for a FTT. and improve the
economy.Pass it on to friends and family.
Agnes

http://www.whitehouse.gov/contact/

The Honorable Barack Obama;

The first Occupy Protest was on Wall Street in 2011 for a great transfer
of wealth to the one Percent-Wall Street Traders.

Even before then,the father of organized crime, Lucky Luciano,said after
he was taken on a tour of Wall Street by bankers: " I suddenly realized I
had joined the wrong mob!"

During the last 15 or more years W.S.Banks have pulled off an
unprecedented heist in broad daylight. They have stolen the bulk of our
country's investment money. According to Jim Hightower, these once
respectable investment firms have been converted into global casinos. They
churn out trillions of dollars in ever changing, indecipherable gaming
devices, like Collateralized Debt Obligations and Credit Default
Swaps.These are derivatives (bets) held on the books of W.S. banks
totaling over $2 Quadrillion, according to writer,Attorney Ellen Brown.

 The Bankruptcy Reform Bill of 2005 prohibits any bail-outs. In case of
bankruptcy these failed banks will be recapitalized by bail-ins with
depositors savings according the 2012 agreement in the G-SIFI, a joint
paper by the FDIC and the Bank of England.
How is that done?
The chief players in this global Casino are called  High Frequency Traders
(HFT). They buy a massive amount  of stocks and commodities like, grain,
oil or securities and if the price changes they instantly sell it and cash
in. It's all done on super computers with super intelligence using
algorithms to search billions of prices at super speeds-in nano
seconds-and place bets automatically.

This is legalized gambling by the 1 percenters and they own half of the
country's stocks. Only a few of them are in the HFT game. They pay no
U.S.taxes, but seven E.U. countries have passed F.T.Taxes. A mere .5% tax
on W.S.transactions could generate more than $850 Billion a year, it has
been estimated. A Robin Hood Tax was proposed in 2012 but it died in
committee. With big money deluging congress our only hope is for a
presidential Directive for a Financial  Transaction Tax.

We urge you to use your power to override the gridlock in D.C. ,bring
economic recovery,create jobs and National Health Care for All.

Sincerely,