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Three letters to the Federal Reserve Bank,  This is the formation of the Email March.


August 10, 2017 Facebook Twitter LinkedIn Google+ Uncategorized



#3 From: Tom Wolfgram [mailto:tdw.usavalues@gmail.com]
Sent: Friday, January 6, 2017 5:55 AM
To: ‘Chair Janet L. Yellen’ <CCA-CAC@frb.gov>; ‘President Neel Kashkari’ <neel.kashkari@mpls.frb.org>; ‘Michael’ <michael.grover@mpls.frb.org>; ‘Vice President Jacqueline King’ <jacqueline.king@mpls.frb.org>; ‘The Community Advisory Council’ <CCA-CAC@frb.gov>; ‘Roberto Barragan’ <info@vedc.org>; ‘Angela Glover Blackwell’ <Shaibya@policylink.org>; ‘Benjamin Dulchin’ <Benjamin.D@anhd.org>; ‘Brian Fogle’ <bfogle@cfozarks.org>; ‘Ben Mangan’ <mangan@haas.berkeley.edu>; ‘Rodrick Miller’ <rmiller@degc.org>; ‘Noel Poyo’ <info@nalcab.org>; ‘Michael Rubinger’ <bmarcus@lisc.org>; ‘Arden Shank’ <info@flhousing.org>; ‘Patrick Dujakovich’ <duke@kcaflcio.org>; ‘Adrienne Smith’ <info@nmdcc.org>; ‘Sue Taoka’ <staoka@craft3.org>; ‘Mary Tingerthal’ <becky.schack@state.mn.us>; ‘Raul Vazquez’ <informacion@progressfin.com>; ‘Catherine Wilson’ <catherine.wilson@unl.edu>; ‘Gerry Roll’ <info@appalachianky.org>; ‘Andrea Levere’ <jain@cfed.org>; ‘Vanessa Calderon-Rosado’ <info@ibaboston.org>; ‘Barrett Burns’ <jeffrichardson@vantagescore.com>
Cc: ‘Vincent Britton’ <vbritton.el@gmail.com>; ‘Lamorris Britton’ <brittonlam7@gmail.com>; ‘Laura Shipley –‘ <TeacherTownHall@frb.gov>; ‘Susan Stawick –‘ <susan.k.stawick@frb.gov>

Subject: Teacher Town Hall Meeting January 12, 2017

To the chair of the Federal Reserve Bank  Janet Yellen, and others

Please, when you are addressing the educators on January 12, 2017 please address this concept of NewOldMoney.  It comes from the history of the FED in that it bailed out so many segments of the private sector since 2008 but it in that time it has failed to bail out urban mom with age 0-6 at risk children.  They are short the capacity to deliver their children really ready to read, count and understand positive expectations as the first things first thing to do to cut off the gap in growth economics, education, emotions and ethics.

The FEDS role within monetary policy is all powerful as demonstrated in this post.  https://www.newyorkfed.org/markets/mbs_faq.html

The FEDS role in a concept of NewOldMoney is all over this blog. https://www.usavaluesii2.com/blog/

Mortgage Backed Securities purchased by FEDERAL RESERVE BANK of NEW YORK, never done before 2009 and 2010. 1.25 trillion dollars created and used to bail out the industry because cash flows were congested in the private sector. Decision made by Federal Open Market Committee and the funds were created overnight.

First the FED creates the money on its books by debiting cash and crediting reserves or equity. Then it spends the cash on these mortgaged backed securities putting the cash liquidity into the marketplace to solve the congestion for the private sector. This is controlled by the FOMC as a part of monetary policy which is done independent of congress or the president.

The FED has unlimited money through this process. It relieves constraints in the private sector through this process. There should be no constraint in finding the NewOldMoney for really-ready to read skills in urban communities.

#2 From: Tom Wolfgram [mailto:tdw.usavalues@gmail.com]
Sent: Thursday, December 22, 2016 1:02 PM
To: ‘Chair Janet L. Yellen’ <CCA-CAC@frb.gov>; ‘President Neel Kashkari’ <neel.kashkari@mpls.frb.org>; ‘Michael’ <michael.grover@mpls.frb.org>; ‘Vice President Jacqueline King’ <jacqueline.king@mpls.frb.org>; ‘The Community Advisory Council’ <CCA-CAC@frb.gov>; ‘Roberto Barragan’ <info@vedc.org>; ‘Angela Glover Blackwell’ <Shaibya@policylink.org>; ‘Benjamin Dulchin’ <Benjamin.D@anhd.org>; ‘Brian Fogle’ <bfogle@cfozarks.org>; ‘Ben Mangan’ <mangan@haas.berkeley.edu>; ‘Rodrick Miller’ <rmiller@degc.org>; ‘Noel Poyo’ <info@nalcab.org>; ‘Michael Rubinger’ <bmarcus@lisc.org>; ‘Arden Shank’ <info@flhousing.org>; ‘Patrick Dujakovich’ <duke@kcaflcio.org>; ‘Adrienne Smith’ <info@nmdcc.org>; ‘Sue Taoka’ <staoka@craft3.org>; ‘Mary Tingerthal’ <becky.schack@state.mn.us>; ‘Raul Vazquez’ <informacion@progressfin.com>; ‘Catherine Wilson’ <catherine.wilson@unl.edu>; ‘Gerry Roll’ <info@appalachianky.org>; ‘Andrea Levere’ <jain@cfed.org>; ‘Vanessa Calderon-Rosado’ <info@ibaboston.org>; ‘Barrett Burns’ <jeffrichardson@vantagescore.com>
Cc: ‘Vincent Britton’ <vbritton.el@gmail.com>; ‘Lamorris Britton’ <brittonlam7@gmail.com>
Subject: RE: FEDs role in economic opportunity and the Email March

To Chairman of the Federal Reserve Bank and Federal Open Market Committee of the United States of America.

Remember this is not being proposed to fit your urban target of underserved citizens inside the traditional box.  See http://www.usa-positive-expectations.com/support-files/frb-grover.pdf

Your power to effect monetary policy and your knowledge of how important it would be to the urban community if every child started kindergarten really-ready to read from best practice private sector delivery of early reading and math activity learning steps can be, as you know, combined.  Within the next 12 months you could start the creation of local USA values defined by early reading and math best practice outcomes.  The private sector is ready to carry the load with fair economic transactions.

The combined knowledge will target dramatic economic growth from new supply side inputs over the next 20 -30 years.  The location of this growth is wherever the urban school district decides choice early reading and math private sector deliveries within the communities and school district are desired to effect continuous improvement.  Each school district and mayoral community will choose to opt-in to this new delivery process that is to be aligned with current process.

This targeting of 2,000,000 children who start kindergarten not ready each year will allow the FOMC to restore interest rates and other monetary policy tools in the “total normal economy”.  Increased interest rates would be a constraint on urban growth from the highest level except it is to be offset by individual stimulus at the absolute individual grassroots level as we now describe.

The individual stimulus at the grassroots level is payment for best practice ERSD-RA costing $5,000 per year for 2 years (total $10,000) for every child who’s mom thinks she needs mentoring help to deliver the child really-ready to read.  You have been sent the link to a written plan.  The target is 2,000,000 children starting kindergarten each year and 4,000,000 children in the unique school district program each year.  The cost is 20 billion dollars directly from the private sector to create individuals with a new positive expectation.  This private sector money is already sitting idle in the bank as the treasury pays interest on the Federal Reserve Bond Investments.  When these funds are used as monetary policy, like interest paid on excess reserves, they can be deemed to be private sector money flow with at least a 3 time velocity and not subject to fiscal policy.  In fact this spending would be better received by the public than interest paid 25 primary dealer banks (18 billion dollars per year) for excess reserves held by them presently gumming up the monetary process as a remainder of excess quantitative easing.

The $10,000 per child requires one size fits one delivery that cannot be successfully started or restarted inside the public sector box of highest quality universal preschool, Head Start and public school kindergarten.  This level of direct giving to urban mom (through the school district structure) as monetary policy creates a one-time per child $500,000 increase in the present value of positive expectations from pre-k at age 6.  The increase is located in the supply side of the local private sector expectation within child and mom.  That cost and PVofPE-Prek is defined as a gift in the light of George Guilder’s definition of giving in – Wealth and Poverty- writing on page 27.

The increase per year in PVofPE-Prek for mom, district, city, county, state and nation projects future growth that does not exist without the successful delivery of defined best practice individual outcomes.  Fully achieved PVofPE-Prek adds at least one trillion dollars per year to the local urban economic expectations for the next 80 years.  Successful real reading readiness would support the use of the trillion dollar coin to reduce the official deficit of the nation at a rate that does not spook the international financial community focused on the money supply and the underlining productive capacity being boosted.

Yes, we are asking for a show of courage from leadership to lead.  Put your need to get back to a 5% normal interest rate together with the need to directly stimulate local urban economies to create a USA Values Monetary Policy Tool that gives urban mom a grand new bargain of individually declared Literacy is Freedom.  This bargain changes everything within a very short demonstration of education, economic, emotions and ethic outcomes that will be valued going forward by the Central Bank.

Urban areas would be credited with creating best practice 100% reading readiness “assets” with the NewOldMoney.  The school district will be able to pay for its continuous improvement by funding the local economic development up to the amount of the original funding by the FED.  There is one more reason to get this monetary policy correctly installed and aligned with the present pre-k and K-12 fiscal funding of school districts that are one step removed and not discussed here.

Remember this is not being proposed to fit inside the box.

#1  From: Tom Wolfgram [mailto:tdw.usavalues@gmail.com]
Sent: Friday, September 30, 2016 11:11 AM
To: ‘Chair Janet L. Yellen’ <CCA-CAC@frb.gov>; ‘President Neel Kashkari’ <neel.kashkari@mpls.frb.org>; ‘Michael’ <michael.grover@mpls.frb.org>; ‘Vice President Jacqueline King’ <jacqueline.king@mpls.frb.org>; ‘The Community Advisory Council’ <CCA-CAC@frb.gov>; ‘Roberto Barragan’ <info@vedc.org>; ‘Angela Glover Blackwell’ <Shaibya@policylink.org>; ‘Benjamin Dulchin’ <Benjamin.D@anhd.org>; ‘Brian Fogle’ <bfogle@cfozarks.org>; ‘Ben Mangan’ <mangan@haas.berkeley.edu>; ‘Rodrick Miller’ <rmiller@degc.org>; ‘Noel Poyo’ <info@nalcab.org>; ‘Michael Rubinger’ <bmarcus@lisc.org>; ‘Arden Shank’ <info@flhousing.org>; ‘Patrick Dujakovich’ <duke@kcaflcio.org>; ‘Adrienne Smith’ <info@nmdcc.org>; ‘Sue Taoka’ <staoka@craft3.org>; ‘Mary Tingerthal’ <becky.schack@state.mn.us>; ‘Raul Vazquez’ <informacion@progressfin.com>; ‘Catherine Wilson’ <catherine.wilson@unl.edu>
Cc: ‘Vincent Britton’ <vbritton.el@gmail.com>; ‘Lamorris Britton’ <brittonlam7@gmail.com>
Subject: FEDs role in economic opportunity

I have joined a process called an email march designed to continuously ask YOU the Federal Reserve Banks and Board of Governors to create Monetary Policy Directly to the benefit of urban mom and her age 0-6 “at risk” children.  This is a new deal of private sector influencing growth education, economics, emotions and ethics in financially underserved communities for a huge return. The FED can do for at risk children through mom and mentor what the Greenback Dollar did for civil rights and the North’s economy and nation’s positioning in the world.

The website https://www.usavaluesii2.com is all about the FED’s (your) role in this development because of your size, profits, positioning and power that requires no approval to start the Literacy is Freedom individual Pay It Forward.  It is the background brought forward to support a new kind of plan for the private sector urban mom and her age 0-6 children located at http://www.usavaluescoupons.com/deargovernor/

The Federal Reserve’s mission and current responsibility for systemic risk oversight and monetary policy decision-making, with responsibility for implementation of the Community Reinvestment Act (CRA) calls for attention.  In 2015 the listening posts were established with the Community Advisory Council of the FED (CAC) advising the Board on issues affecting consumers and underserved communitiesWe know you as a part of the FED are aware of the huge economic disparities that are measured by county and zip code (not published) by the New York FED and its effort in the area of Community Credit — A New Perspective on America’s Communities.  Today the systemic risk you are oversighting is huge and we suggest you recognize first things first solutions that require the capacity for new private sector money that you have when positioned as monetary policy.

Our design of this march has the Federal Reserve Banks at the head of the private sector’s ability to create new special money for the purpose of early reading skills delivered by a mentor to every at risk child to avoid the education gap.  In that light you are the only private sector organization large enough to give all urban moms an equal new deal of influencing growth education and economics.  Across the nation, if mentors hired by urban school districts existed for age 3, 4 and 5 this effort would cost $5,000 per year for 2 years ($10,000) for each of about 2,000,000 children who would start kindergarten really ready to read each year.  That is only 20 billion dollars per year of whole country first thing first education stimulation focused for sure on the weakest zip codes by the weakest school districts.

Importantly you are the only entity within the private sector who can create the money to create the individual outcomes.  In fact, the money created within the private sector with your special powers already exists.

Sincerely

Thomas D. Wolfgram USA VALUES, LLC.

Early Reading Skills Delivered

651-735-3018, 612-968-1579  tdw.usavalues@gmail.com

www.usavalues-character.com

www.usavaluescoupons.com

https://www.facebook.com/tom.wolfgram.96

 

 

 

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