The American People Are Making The Recession Worse

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 13, 2011 -- The recession was the result of mortgage fraud and can’t be fixed until banks write home and business loans. The problem is that Federal Reserve banks, such as Chase, Wells Fargo, and Bank of America, are refusing to write loans, even when the applicants have very good credit. All the things the Federal banks have done is designed to send the U.S. into another great depression.

Community banks constitute 98 percent of all banks, and are the primary source of lending for small businesses and farms. Even though they compose just 21 percent of the banking industry by assets, community banks with less than $10B in assets made 58 percent of outstanding bank loans to small businesses. There are more than 7,000 community banks, including commercial banks, thrifts, stock and mutual savings institutions, with more than 50,000 locations throughout the United States. Assets may range from less than $10 million to $10 billion or more.
The American people were urged to close their accounts with Federal Reserve banks and move their money to community banks, but most people didn‘t. As a result, the economy continues to suffer, and it’s expected that a record number of small businesses could go out of business after Christmas. That will be followed by millions of home foreclosures, as a result of the job losses.

Americans are also urged to demand their state legislators create state banks, to keep their money within their state. In both cases, the money is made available to local residents, for the benefit of residents of those communities and states. Credit unions tend to be too conservative and aren’t freely loaning money as they should.
Many people have heeded the advice not to use credit cards which create a great income for federal banks, but many others aren’t helping the economy by using cash, checks or debit cards.

Perhaps the most important thing the American people can do is to either join the Occupy protesters, or support them. The are the only people standing up to the Federal Reserve. Most legislators have sold out to the Fed, and Chairman Bernanke made it clear that he will not obey the law and be accountable to Congress. In addition, it was recently discovered that trillions of Federal Reserve dollars were sent to support European banks, but if that gamble doesn’t work, then that money is lost too. Meanwhile, the American people continue to suffer.
Protesters need money and supplies, but they also need the public to contact local politicians and police departments, and demand that protesters be protected, and those who attack them be prosecuted. They need the public to boycott the media that publishes propaganda designed to sabotage the movement. People also need to help spread the word, even if it’s just supplying a link or two.
The Fed has tremendous money and power, but the American people can win the war if they have the millions of people it would take to threaten legislators to stop committing treason.

Presidents and other famous people have been warning Americans about the Fed for generations, but most people don’t understand how the Fed works, and haven’t been taking it seriously. Others didn’t know what to do, but now that’s public knowledge.
The American people have it within their power to turn the economy around, if they fight for their country, and their own, economic survival.
More links and information are available at: www.legalparasites.net

More information can be found online at http://www.legalparasites.net

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