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<div class="moz-cite-prefix">OCCUPY-sympathizers WANTED for cash
hoarding action strategy discussion:<br>
<br>
<a class="moz-txt-link-freetext" href="http://www.whywalkabout.com/2012/08/give-us-our-money-back.html">http://www.whywalkabout.com/2012/08/give-us-our-money-back.html</a><br>
<br>
<div class="post hentry" itemtype="http://schema.org/BlogPosting"
itemscope="itemscope"><a name="1234995699209579056"></a>
<h3 class="post-title entry-title" itemprop="name">“GIVE US OUR
MONEY BACK!” </h3>
<div class="post-header">
</div>
<div class="post-body entry-content"
id="post-body-1234995699209579056" itemprop="articleBody">
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center"><a style="CLEAR: right; FLOAT: right;
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imageanchor="1"><img title="Occupy the Economy"
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closure_uid_fgrjzw="2" border="0"></a></div>
<h2 style="TEXT-ALIGN: left">Regional Economists and other
fiscal experts gather to strategize on how to get
corporations to:</h2>
<br>
<h3 style="TEXT-ALIGN: left">“GIVE US OUR MONEY BACK!”<br>
Thursday 7:00-9:00 pm, at the Democracy Center, 45 Mount
Auburn Street, Cambridge</h3>
<h4 style="TEXT-ALIGN: left">That’s what a group of
economists think stockholders should be saying. And they
don’t mean just large stockholders. Over 50% of stock is
held by “regular people”, like nurses and teachers and
vets and union workers.</h4>
<a name="more"></a><br>
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<b>“CASH HOARDS ARE STRANGLING THE ECONOMY!” OUR economy!</b><br>
<br>
Just over $2 trillion dollars (some half of the amount of
total US government annual spending) of “regular people’s
money, is being “hoarded” by corporations. This practice of
“CASH HOARDING” is strangling the US economy, our local
economists are telling us.<br>
<br>
Large corporations are locked into a paradoxical situation.
They cannot invest this money, because due to the state of
the market they cannot be sure of a return on their
investment; and if they all invest it, the flames of
inflation will destroy the value of our wealth.<br>
<br>
We get that.<br>
<br>
But now it’s time for a new approach.<br>
<br>
Advanced, independent economists are organizing and
discussing what we can do. Carmine Gorga and Peter Bearse
and other fiscal experts are gathering to discuss how to
FREE UP THE CASH HOARDS.<br>
<br>
The proposal would mean putting $3,500 (pre-tax) in the
hands of each "regular person" shareholder... this is NOT
the rich people who would get 75% of the cash hoards. But
the 25% of the shareholders...the "regular people" would get
$3,500 each.<br>
<br>
<h4 style="TEXT-ALIGN: left"><span style="FONT-SIZE: large">Come!
Thursday night! 7-9, Democracy Center, 45 Mount Auburn
Street, Cambridge</span></h4>
<br>
</div>
</div>
</div>
<br>
</div>
<blockquote cite="mid:50213396.2090601@compuserve.com" type="cite">
<br>
-------- Original Message --------
<br>
Subject: Final announcement -- with a few last changes
<br>
Date: Tue, 7 Aug 2012 08:43:17 -0400
<br>
From: Carmine Gorga <a class="moz-txt-link-rfc2396E" href="mailto:cgorga@jhu.edu"><cgorga@jhu.edu></a>
<br>
To: Terra Friedrichs <a class="moz-txt-link-rfc2396E" href="mailto:TerraF@compuserve.com"><TerraF@compuserve.com></a>
<br>
CC: <br>
<br>
<br>
<br>
A group of people, who are gathering for a discussion about
“CORPORATE CASH
<br>
HOARDING”, on Thursday night, would like Occupy supporters to
attend,
<br>
discuss, and offer perspective… the discussion will be centered on
Carmine
<br>
Gorga’s proposal to free up corporate cash hoards:
<a class="moz-txt-link-freetext" href="http://interoccupy.net/**">http://interoccupy.net/**</a>
<br>
newswire/investing-cash-**hoarded-by-large-corporations/<a class="moz-txt-link-rfc2396E" href="http://interoccupy.net/newswire/investing-cash-hoarded-by-large-corporations/"><http://interoccupy.net/newswire/investing-cash-hoarded-by-large-corporations/></a>
<br>
**. The discussion will be led by himself and Peter Bearse,
<br>
Libertarian-leaning international economist who proposes “radical
bank
<br>
reform”:
<a class="moz-txt-link-freetext" href="http://granitegrok.com/blog/**2010/04/on_financial_sector_**">http://granitegrok.com/blog/**2010/04/on_financial_sector_**</a>
<br>
reform_and_regulatio<a class="moz-txt-link-rfc2396E" href="http://granitegrok.com/blog/2010/04/on_financial_sector_reform_and_regulatio"><http://granitegrok.com/blog/2010/04/on_financial_sector_reform_and_regulatio></a>
<br>
and
<br>
other strategies, including “giving back cash hoards” to “regular
people”.
<br>
Their proposal would put over $2 trillion back in the hands of
“regular
<br>
people”.
<br>
<br>
Details below.
<br>
<br>
***
<br>
<br>
7:00-9:00 pm, at the Democracy Center, 45 Mount Auburn Street,
Cambridge
<br>
<br>
Regional Economists and other fiscal experts gather to strategize
on how to
<br>
get corporations to:
<br>
<br>
“GIVE US OUR MONEY BACK!”
<br>
<br>
That’s what a group of economists think stockholders should be
saying. And
<br>
they don’t mean just large stockholders. Over 50% of stock is held
by
<br>
“regular people”, like nurses and teachers and vets and union
workers.
<br>
<br>
“CASH HOARDS ARE STRANGLING THE ECONOMY!” OUR economy!
<br>
<br>
Just over $2 trillion dollars (some half of the amount of total US
<br>
government annual spending) of “regular people’s money, is being
“hoarded”
<br>
by corporations. This practice of “CASH HOARDING” is strangling
the US
<br>
economy, our local economists are telling us.
<br>
<br>
Large corporations are locked into a paradoxical situation. They
cannot
<br>
invest this money, because due to the state of the market they
cannot be
<br>
sure of a return on their investment; and if they all invest it,
the flames
<br>
of inflation will destroy the value of our wealth.
<br>
<br>
We get that.
<br>
<br>
But now it’s time for a new approach.
<br>
<br>
Advanced, independent economists are organizing and discussing
what we can
<br>
do. Carmine Gorga and Peter Bearse and other fiscal experts are
gathering
<br>
to discuss how to FREE UP THE CASH HOARDS.
<br>
<br>
The proposal would mean putting $3,500 (pre-tax) in the hands of
each
<br>
"regular person" shareholder... this is NOT the rich people who
would get
<br>
75% of the cash hoards. But the 25% of the shareholders...the
"regular
<br>
people" would get $3,500 each.
<br>
<br>
Come! Thursday night! 7-9, Democracy Center, 45 Mount Auburn
Street,
<br>
Cambridge
<br>
<br>
***
<br>
DETAILED BACKGROUND
<br>
<br>
The discussion will revolve around concepts described in one of
Carmine's
<br>
papers, published at
<a class="moz-txt-link-freetext" href="http://interoccupy.net/**newswire/investing-cash-**">http://interoccupy.net/**newswire/investing-cash-**</a>
<br>
hoarded-by-large-corporations/<a class="moz-txt-link-rfc2396E" href="http://interoccupy.net/newswire/investing-cash-hoarded-by-large-corporations/"><http://interoccupy.net/newswire/investing-cash-hoarded-by-large-corporations/></a>
<br>
Carmine
<br>
suggests that these corporations distribute a good portion of that
cash to
<br>
their stockholders and bondholders, whose diffused expenditures
will skirt
<br>
the dangers of inflation. The paper includes two recommendations
for people
<br>
who will receive very large disbursements: 1. invest in your
community as
<br>
individual investors; 2. become joint investors with others
through Local
<br>
Interdependence Funds
<br>
(<a class="moz-txt-link-freetext" href="http://www.somist.org/id30.**htm">http://www.somist.org/id30.**htm</a><a class="moz-txt-link-rfc2396E" href="http://www.somist.org/id30.htm"><http://www.somist.org/id30.htm></a>
<br>
and <a class="moz-txt-link-freetext" href="http://www.somist.org/id33.htm**">http://www.somist.org/id33.htm**</a>).
<br>
<br>
Carmine, a former Fullbright Scholar, while he welcomes new
clients, now
<br>
engages most of his time in independent analysis. He has been
publishing
<br>
works around the transformation of economics from a “linear” to a
<br>
“relational model”. See his numerous publications in economic
theory and
<br>
policy at his blog
<br>
<a class="moz-txt-link-freetext" href="http://www.a-new-economic-**atlas.com">http://www.a-new-economic-**atlas.com</a><a class="moz-txt-link-rfc2396E" href="http://www.a-new-economic-atlas.com/"><http://www.a-new-economic-atlas.com/></a>.
<br>
For larger cultural issues, see his other blog
<br>
<a class="moz-txt-link-freetext" href="http://www.modern-moral-meditations.blogspot.com/">http://www.modern-moral-meditations.blogspot.com/</a>. Gorga was born
in
<br>
Southern Italy in 1935. He experienced at an early age the effects
of the
<br>
Great Depression and then WW II. It was only natural that he would
devote
<br>
his life to trying to understand the ebb and flow of economics as
well as
<br>
the causes of war, which he believes are interrelated.
<br>
<br>
<br>
</blockquote>
<br>
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