An Open Letter To State Of Oregon Treasurer, Ted Wheeler

Oregonians are proud of our  State Treasurer, Ted Wheeler .  We regret that he is term-limited, and will leave office after only six years of service. I hoped to meet him, where he generously will address retirement security of small business owners, at a breakfast meeting of The Main Street Alliance Of Oregon , on Monday, 12/1/2014. And, I did have that one-minute meeting, being told that State reserves are too huge for local investment.

I see that many things, including retirement security, are addressed in the creation of an Oregon State Bank. There is urgency throughout the USA, to pull state investment funds away from sure destruction by Wall Street gamblers. A proper grasp of problems and opportunities is expressed by attorney, author, It's Our Money radio show  host and blogger, Ellen Brown.

How many of us have already known of the perceptive writing of Ellen Brown? I found her, top of list just now, in Google search of terms "secure state investment funds against wall street gambling with derivatives ."

Building an Ark: How to Protect Public 

Revenues from the Next Meltdown

Posted on October 12, 2014 by Ellen Brown

Concerns are growing that we are heading for another banking crisis, one that could be far worse than in 2008.  But this time, there will be no government bailouts. Instead, per the Dodd-Frank Act, bankrupt banks will be confiscating (or “bailing in”) their customers’ deposits.

I hope that state officials everywhere will be aware of the advice of Ms. Brown, that this can be done quickly.

How to Start a Bank Overnight

Forming a state or municipal public bank need not be slow or expensive. An online bank could be run out of the Treasurer’s office and operational in a few months. And the bank could be turning a profit immediately – without spending the local government’s own revenues.

Perhaps we have time then to save state funds from imminent collapse of stock markets. I find the S&P 500 chart instructive, here taken from Yahoo!

The thieves running our government, and extracting ever more wealth for the most-wealthy through criminal derivatives, must be astonished how big they have gotten the Third Bubble. Newscasters speaking confidently of present conditions, and better, for an indefinite future, increasingly know they are part of the fraud. Black Friday shoppers today know they may be on a last fling.

Every person, daring to think, will know the Big Fall is not more than two years away. Maybe by 75% this time, and with no recovery in sight.

Ted Wheeler! You have only a few months to take action for the people of Oregon. There is a similar charge for officials in all states. You are obliged to act in the public interest, to disbelieve evident lies.

I now further address Ted Wheeler with my insight as an inventive and perceptive weatherization contractor. I am a sole-proprietor, not daring or able  to have employees, able to persist in increasingly frightening times, only because of Social Security retirement income, no debt beyond a mortgage, and an extremely frugal lifestyle. I think I am the model of the rescuers of home owners, of the 80% never yet served in public leadership of weatherization. The ideal worker will be an intelligent and caring individual, self-employed, fully accountable and competing, through customer appraisal. The work must become more decently rewarded, for these successful individuals. 

The weatherization of homes will become very difficult for those who have not been able to act in better times. Such home owners and renters will depend upon some generosity of those able to do the difficult and dirty work, now regulated as utterly honest . Many will achieve only what they can, with their own now-capable hands. Materials will be much more expensive. Energy costs will quickly double. Many will suffer. Many will die. Human character all over the Earth will be challenged in the face of desperation. "Bailing in " that is in banker plans, Ellen Brown warns, could not be achieved without great violence.

Dire conditions following the collapse may be softened where individual states acted, safe-guarding public funds in state banks detached from Wall Street. Those funds might pay the willing weatherization workers. Many will be available for work they would not before have considered, if that serves survival. Much of the work can be achieved through believable promise.

I now arrive at the heart of my message to Ted Wheeler. On Monday, we will be talking about retirement security for proprietors of small business. Let us talk of details in the vision of our State Bank. I would happily work often for deferred income, promised through the State Bank. Needful home owners would get work done, with deferred pay-in to the Bank.  Know that a State Bank, maybe City Banks too,  will be background handlers of funds. They will not challenge existing local banks and credit unions, then stepping in to replace now-gone big banks that did fail.

Please read on in the hopeful writings of Ellen Brown:

WSJ Reports: Bank of North Dakota Outperforms Wall Street

Posted on November 19, 2014 by Ellen Brown

While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry.  So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article:

It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker.

Continue reading →

At 9/11/2015, add to this post for further communication with officials in Oregon who are paid to protect the interests of all citizens. This reach-out will include our State Treasurer, Ted Wheeler, again challenged. This post up to current amendment was brought to Mr. Wheeler's attention, face-to-face at that meeting 12/1/2014. There was an opportune time to act. Mr. Wheeler declined interest, claiming the large billions of dollars of state funds in his care had no place to go but Wall Street. I think he should have acted as Ellen Brown advises, that a State Treasurer, independent of criminal lobbyist intervention in his Legislature, may organize and employ a State Bank.

I write in follow-up of a Sierra Club meeting in Portland, yesterday, where more Beyond-Coal appeals were presented to my State Representative , who is Chair of the Energy and Environment Committee. I spoke for one minute in this group of about twelve people who were sacrificing mid-afternoon time of one of the most-beautiful remaining days of Summer 2015. I mentioned my stand-in for all who see energy conservation in our homes as superior to clean energy generation with sun and wind. Durable conservation is forever, day and night, under stormy skies. Inspired in the pre-meeting, I asked for a pilot program in Oregon, of solar for all, not just the further gift through public resources, of energy independence to a privileged few. Let every housetop with some sun have a low-power photovoltaic/ battery system integrated with LED lights and communications circuits, naturally direct current, off-grid. Each home is then somewhat disaster-ready . We will all have kick-started personal achievement in protecting life on Earth. OK, I did say less than all that, but I made the point.

Please see me as a cheerful, proactive person. I am cheerful because I do good things and feel that I will be part of the solution to coming problems. No one tells me this; quite the opposite. I have acquired a hard shell against rejection.

On then to dire predictions. I think the Oregon Legislature, or perhaps an independent State Treasurer, no longer has time to act. Next action in our Legislature would be in a token one-month session February, 2016 . 

Refresh this chart up-to-date .

We must expect that the world will fall into chaos in the coming Winter. This is the game of evil wizards of Wall Street, emboldened by our failure to lock them up, driving drunk. See the symmetry in the cycles they create. See that printing thirteen trillion dollars  from vapor saved them, once. That saving of the gamblers should not have happened, and it can not happen again. Few but Ellen Brown are imagining what the gamblers are up to, with full collusion of our real US Government forces.

At 2/25/2016, react to finding someone in Portland read this yesterday. I hope it was Ted Wheeler , not feeling secure in his wish to remain publicly employed come November, running for Mayor Of Portland. I don't want to vote for you, instead seeing you as Governor, next cycle, deep in Hard Times, proven as caring by acting yet, for a State Bank. Out of office and loved, you will find your way to our better future. I am unhappy too, with competitor Jules Bailey, who is wrongly liked as author of HB 2626 of 2008 , a promising but flawed and failed effort to generate residential weatherization through up-front financing. Who will I vote for?

I attended a first Portland mayoral candidates debate 2/29/2016, and was quite pleased to find public banking (of City funds only), on the agenda. Jules Bailey impressed me for public banking interest, and for a purely grass-roots campaign. Surely he will get my active support, and my vote.

Update at 2/7/2020
Here is the S&P 500 chart at 2/7/2020, two days past Thief Trump declaring  to the nation the wondrous state of their 401K's. The levels goosed at 2008 by derivatives activity to bubble instability, are now at that insanity, times-two.

Fantasy prosperity via the global stock markets is caused by trillions of dollars handed over secretly by the New York Fed to monsters chiefly Jamie Dimon of JP Morgan Chase. A few of us share in the scam, but mostly the activity is raising the obscene wealth of a few hundred people. 

A DEEP DIVE INTO MONEY AND BANKING WITH ELLEN BROWN | 2019 SOIL AND;NUTRITION CONFERENCE      

I protest that Yahoo Finance, or someone, makes it hard to capture the S&P 500 chart today. The chart is only momentarily in the condition I present

At 3/1/2020 it seems even harder to record the S&P 500 chart. Here it is:

Surely the tumble is underway. I'm surprised at delayed response to coronavirus turn to the worse. It is about time to extract the market following to a new post. Does anyone find this? I don't think so. My purpose in a new post will be to address learning in this blog about respirators.

For whatever value there is in my disbelief of honesty in goosed-up USA stock markets, look at this chart up to March 2023.

Look again at S&P 500, 1/16/2024:

The longer tail from history is important to seeing the madness. The look is prompted by this update from Ellen Brown:
https://scheerpost.com/2024/01/15/ellen-brown-casino-capitalism-and-the-derivatives-market-time-for-another-lehman-moment/?utm_source=substack&utm_medium=email

The scheerpost sidebar honors Stanley Sheinbaum. Don't fail to study the offered video:

Citizen Stan. 

If you don't then love Stanley Sheinbaum, wonder about your core goodness.

Love, too Robert Scheer. And, realize that political polarization "left" and "right" is an evil diversion from want of justice for all.

Where this post is Oregon-centric upon Ted Wheeler, now Portland Mayor and likely future Oregon Governor, hope that Mr. Wheeler might yet do right to secure an Oregon State Bank for preservation of public assets against Wall Street madness and greed. Present Oregon Governor Tina Kotek, Democrat, vetoed even the study of an Oregon State Bank. Might she be voted out even in 2026, for that?