[Occupymendocino] [Fwd: letter to the Editor-1/21/14]

[Jessie VanSant]

Awesome letter Agnes!!

My additional messages to John Pinches are: 

/Why/ would John Pinches refuse to allow the county’s citizens to vote on a choice to become a Charter County and to have a Public Bank??

Why would John Pinches want to continue to keep Mendocino County vulnerable to the ravages of economic downturns and crashes??

Why would John Pinches want to make Mendocino a poorer county by continuing to waste our tax money paying unnecessary fees to Bank Of America when Mendocino County Public Bank could /keep/ its money for its citizens' needs??

Why would John Pinches want fraudulent records in our County Assessor's office??  Why would he want to protect criminal actions? (fraudulent foreclosures)

Way to go Agnes!!!!!  big smiley faces!!


On Jan 21, 2014, at 4:43 PM, agnes at mcn.org wrote:

> Date:    Tue, January 21, 2014 4:33 pm
> To:      ava at pacific.net
> Cc:      udj at pacific.net
> -------------------------------------------------------------------------
> 
> 
> Letter to the Editor:
> 
> Mendocino County Public Bank Coalition members, Robin,and Mary  were
> derailed by Supervisor Pinches' responses to their  education campaign in
> his office regarding the Charter and a public Bank. My answer to
> Supervisor Pinches is:
> 
> Until Supervisor Pinches realizes how banks make new money when
> they make a deposit of a loan in a depositors account he will not
> realize the value of a Charter with the power to authorize a
> public bank.
> 
> If he had read chapter 2 in the "Public Banking Solution" book by Ellen
> Brown he would realize the truth about the fractional-reserve system of
> banking and how banks can loan out 90% of their deposits in their
> accounts using new money  to loan out, thereby increasing the amount of
> money in circulation.
> He  will be ready to see how Banks control the economy by making loans to
> depositors or with-holding loan making which squeezes the economy by not
> putting new money into circulation. And then he would realize what a
> Mendocino County Public Bank can do by using fractional reserve as other
> private banks do, but, only for the benefit of Mendocino County. The Bank
> of North Dakota, a publicly owned bank also uses fractional reserve
> system of banking. North Dakota's economy did not suffer in the 2008
> economic crisis. You may say it's because they have oil revenues, but
> Minnesota also has oil reserves and they suffered with higher unemployment
> because they don't have a Publicly owned state Bank.
> 
> In addition as elected officials, Supervisors have the power to use
> eminent domain on securitized mortgages with lost chain-of-title, re-
> valuate underwater loans, sell them back to capable owners at current
> market value, thus creating an income stream  to the County Public Bank
> once it's
> established. With Eminent domain mortgage holders must prove they own the
> note, otherwise there's no one to whom market value must be paid when
> there's a clouded title.
> 
> A Public Bank can be capitalized with $20 million in County Rainy Day
> Funds which sit idle,and County Retirement Funds and/or School bonds.Each
> of these organizations may have a seat on the Public Bank Bank Board if
> they agree to capitalize the County Public Bank.
> 
> If the supervisors would go to www.tucradio.com and look for the Ellen
> Brown Presentation of her book "The Public bank Solution", they could be
> enlightened. Also visit www.mendocinotv.com, see the taped  book event on
> Doug McKinty's show.
> Please urge your supervisors to put the Mendocino County Charter on the
> ballot.
> 
> Sincerely,
> Agnes Woolsey
> P.O. Box 163,Mendocino,CA 95460
> 
> 
> 
> 
> 
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