We the People are petitioning our government to support our plan for Full Employment. The not-for-profit People’s Mortgage Trust is designed to directly create millions of new jobs and to provide businesses with financial incentives to hire millions more. Our plan calls for no new government spending or tax increases.
The American People are the rightful owners of the US Treasuries and mortgage backed securities held by the Federal Reserve. We are petitioning our government to direct the Federal Reserve Bank to replace those holdings with asset-backed mortgage bonds from the People’s Mortgage Trust. The Federal Reserve took extraordinary steps to help banks during the Credit Crisis. We now have a Jobs Crisis and expect the Federal Reserve to take the simple steps required to end it.