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Home | Introduction | Trade Deficit | Recession | Letters | Deficit Solutions | Free ball cap! | Links | ||
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LETTERS
Letter to Mayor
Bill Lafortune of Tulsa, Oklahoma
Letter to The Church
Letter To The AFL-
CIO Re: US TRADE IMBALANCE August 28, 2001 Letter to Mayor
Susan Savage of Tulsa, Oklahoma Letter to
NAACP Letter to White
House ------------------------------------------------------------
S. Hayes Inc. To: Mayor Kathy TaylorNovember 30, 2007200 Civic Center Tulsa, Oklahoma Reference: City Council S. Hayes Inc is a grass root non-profit economic organization in Tulsa. First, we congratulate the City of Tulsa and State of Oklahoma for taking up the battle to restore the economic sovereignty of our country. Laws and legislations to restrict illegals is a positive step toward regaining control of our economy. An economic puzzle has developed in the system. This puzzle has a direct relationship to the future decline in city, country and state revenue. Our economy puzzle has two prominent economic participants. They are the economy expansion (especially jobs creation) and the declining manufacturing base. Each year the economy add millions of jobs and the declining manufacturing base has lost over 10 million jobs. The gap in production of merchandise to fill our consumer's consumption has widened. Eventually, the excess amount has fueled the increased trade deficit. Since 1976, the total amount spent on the current account-trade deficit is 14 trillion dollars. This 14 trillion dollars is the same size as America's entire GDP for 2006. Our current account-trade deficit has weakened the economic base. Now, it is starting to affect other parts of the system. There is a direct correlation between the prominent economic participant (declining manufacturing base) and the system creating negative economic children. Several negative economic children were created to continue the economic expansion. To date, the negative economic children created are 1. The trade deficit 2. Federal government deficit 3. Outsourcing of jobs other than manufacturing 4. Illegals 5. Federal Reserve 6. Aggressive and tremendous amounts of foreign investments 7. Falling dollar 8. Falling interest rate or higher than normal interest rates 9. Increase size of asset bubbles and 10. Increase debt. As the negative economic children grow, they become as big of an economic problem as their dominant parent (the declining manufacturing sector) does. Together, they have started to kill off the other parent (job creation). We have witness two of the children become economic adults (the trade deficit and Illegals). Now, they are creating havoc in the entire system. In the upcoming severe slowdown (recession) several of the children will grow and reap havoc through the system. They are 1. Federal government deficit 2. Falling or sharp rise in interest rate 3. Falling dollar 4. Declining foreign investments 5. Consumer debt. Because it is more appropriate for this period in history. The word (slowdown) is used. The economy slowdown will last 20 to 25 years. Even after a severe slowdown (recession) the economy will never rebound to hit on all eight cylinders. In the first quarter of the 21st century, the negative economic children and their dominant parent (declining manufacturing base) will assure the permanent slowdown of the economy. From 1983 to the present, the federal government has borrowed an average of 300 billion dollars a year to keep our economy growing. Now, we require foreign investments of 3 billion dollars a day to keep the system expanding. The number one point of debate in America should be AMERICA LOSES MONEY FOR ONE $50,000 JOB EVERY TWO SECOND THROUGH THE CURRENT ACCOUNT-TRADE DEFICIT (One thousand one, one thousand two we just lost money for one $50,000 job through the current account-trade deficit. If it takes 5 minutes to read our letter, America will have lost money for one hundred and fifty $50,000 jobs via the trade deficit. In order to replace this tremendous exodus of capital from the system, we depend on foreign investments from foreign investors, governments, and banks. After the financial sector created losses of 100's of billions of dollars to foreign investors, they are starting to with draw their investments. The Federal Reserve keeps lowering the interest. The rest of the world has started to abandon the dollar. With a huge current account, the Federal Reserve will make decisions on which segments of the economy to protect. For the consumer the first quarter of the 21st century is slow growth, falling dollar, recession after recession, increase size of asset bubbles, falling interest rate or higher than normal interest rates and inflated or deflated consumer prices. Attached is a copy of our letter from S. Hays Inc website (www.tradecrisis.org) dated Jan.10, 1995 to Mayor Susan Savage explaining the central part of S. Hayes Inc economic proposal. A second attachment describes S. Hayes proposal for a pilot program in Tulsa to attack the trade deficit. The centerpiece of our proposal is a 1/4 Cent city sales tax. Before a manufacturing company leaves Tulsa or Oklahoma to relocate Oklahoma's jobs to a foreign country we suggest an offer to the company to locate into low-income area in Tulsa. Our economic program will keep jobs in Tulsa and Oklahoma. The company will pay taxes. The employees will fulfill obligations to their families and the community. A bi-product of our proposal will be to assist the economic revitalization of the inner city. In a recession, the city will be able to create jobs and businesses in low-income areas. There will be additional tax revenue. One of the most important economic principles is the need to increase money turnover in low income. In the slowdown economic environment of the 21st century, one of Tulsa economic goals should be to increase the turnover of money in low income and the city. This will increase community stability. Increasing the money turnover ratio in low income will increase jobs, reunite the family structure and reduce crime. S. S. Hayes Inc economic program includes any manufacturing company leaving the U.S., companies who want to bring some or all of their jobs back to the U.S. If foreign manufacturing companies are paying 50 cents an hour and the U.S. company in Oklahoma is paying $10 an hour, the City of Tulsa will pay $9.50 per hour per employee from our 1/4-cent city sales tax to the manufacturing company. We will match the salary paid in any foreign country. If they are paying 25 cents an hour, we will match the difference hour per hour per employee. Our economic program will require the finish product is competitive in price with imports. This is a theory only. We We need a city to test our theory. There are two roads to follow. One is down the present road to future economic instability or institute new economic theories. What are the results of revitalizing the manufacturing sector in America? After we balance our trade deficit and recapture the 800 billion dollars leaving our country each year. I have my wish list: 1. funding social security for decades 2. Universal health care 3. Revitalization of America infra structure 4. Attack Global-warming 5. Update schools (especially in mathematic and science) 6. Balancing the federal government budget and start to pay down the national debt. Our program will be limited to mom and pop manufacturing plants with 1000 or fewer employees. In a slow down
economic environment, security should be the number one priority. The
slow down will increase crime, decrease social and moral ethics and increase
the possibilities of terrorist attacks. In the brave new 21st century,
we need to know who is in Tulsa. There are 10,000's of illegals and
numerous individuals with out of date visas. The City is wide open.
Regardless of the cost, the police department should be place at the top of
the city budget. They should be given the work force and equipments to
secure our city. We suggest switching the police department from the
19th and 20th century mode of a police force to a 21st century
police-security force.
2. Copy of S.
Hayes INC economic program Jeanne Burruss State Representative Jabar Shumate State Representative Daniel Sullivan State Senator Judy Easton State Senator Tom Adelson State Representative Randy Terrill Joe Goodwin Hollly Walls Wayne Greene
AFL-CIO Reference: Trade Deficit and Jobs Creation The S. Hayes Inc is a non-profit organization in Tulsa, Oklahoma
tracking the trade deficit and its relation to the economy. We have been
organized since 1983. The reason for writing is in reference to reading
the AFL-CIO web site presentation at the Industrial Council Legislative
Conference on February 4, 2003. It is apparent the AFL-CIO economic agenda
is basically the same as our goals for economic restoration of the
economy. We learned several new economic ideas from your presentation.
Therefore, S. Hayes Inc is sending the AFL-CIO several economic ideas from
our web site that have not been expressed in the media which we believe
are vital to the average American worker survival in the 21st century.
Enclosed are two documents and a ball cap. The attach brochure was printed
in 1999 forecasting the recession of 2001. S. Hayes Inc. is distributing
this same brochure in 2004. The reason is to separate our organization
from other economists or economic groups who call the last recession in
advance. We call two recessions back to back on our attach brochure from
1999. In our brochure S. Hayes Inc. have several ambitious goals for our
local and national economic agenda. This is a grass root campaign to assist the average man and help
America restore its sovereignty and economic commitments to every citizen.
The second recession,a trade deficit led recession, is upcoming . When
will it arrive? No one knows but the principles economic underlying
factors are now beginning to form. In 1999, our brochure was geared more
for the upcoming recession than the previous recession. The enclosed
brochure talks more explicit about the falling dollar and its
consequences. The second attachment is a letter to the Whitehouse stating our
position on a long term economic revitalization program for the inner city
and the trade deficit. Our center piece is reinventing the manufacturing
sector in the inner cities across America and eliminating the trade
deficit. We will help stabilize the inner city and the economy. S. Hayes Inc have a plan but we do not have muscle. THANK YOU, MARVIN REESE, President
S. Hayes Inc.
January
27,2004 To: The Church Reference: Jobs creation The S. Hayes Inc is a non-profit economic organization in Tulsa
establish to track the trade deficit and its relation to the economy. S.
Hayes Inc was organized in Tulsa in 1993. The reason for writing is to
share information concerning an economic puzzle and crisis facing Tulsa,
our state and country. The first attachment is a letter wrote February 2001. S. Hayes Inc
mailed this letter to 700 churches in the Tulsa area. In our letter we
warned the church of an upcoming recession, the trade deficit and the
added expense of a prolong down turn in our economy. Now, after 3 years S
Hayes Inc believe the picture is clearer concerning our jobs and the
future of our children's jobs. Our organization goal is to provide another economic option to every
home and business in Tulsa and across America to create jobs and help
secure our children future. We ask the city council in March of 2003 a
question and our organization ask this question to everyone. Tulsa and
Oklahoma and the USA lost 500 billion dollars last year (5 cent on every
dollar produce in America during 2003)to the trade deficit. This money had
to be replace before the end of 2003 in order for the economy or GDP to
grow. And the question is. "Where did the 500 billion come from to replace
the money lost to the trade deficit in 2003"?. Where will the
approximately $500 billion dollars come from this year? The money came
from layoffs, jobs creation money, schools- teachers cuts, city budget
cuts, and state budget cuts. The Trade Deficit replacement money (year
after year) is extracted from the weakest part of our economic system in
Tulsa, across America, excessive Federal government borrowing and the
Federal Reserve. In Tulsa and across America we are dismantling our
infrastructure to pay for day to day needs. Our questions are. Question 1.
How economically strong are Tulsa and Oklahoma and the United States of
America? Question 2. How long can the Federal government keep borrowing
money to keep the economy going? Question 3. The No.1 economic question
about our economy is who will win between the global economic order
forcing the dollar depreciation to slow our consumption and a recession or
the Federal government borrowing more money (on top of our 7 trillion
dollars debt and climbing) trying to keep the economy running? Our organization propose Tulsa use public money to increase the
manufacturing sector in our city. Tulsa will create real tangible jobs for
our workers and at the same time help America restore our economic
sovereignty and commitment to each citizen. If China or Japan start unloading America government bonds on the world
market tomorrow morning what will happen? Do we want to live like this or
leave our children living with this economic shotgun to America's head?
And of course America no longer control its economic destiny. The federal
government, Federal Reserve or G-7 can not save us in the future. Our
living standard will be control by the world economic order evaluation of
the American dollar. The longer Tulsa and Oklahoma and America wait to
adjust to cheap labor from around the world; the more Tulsa workers will
fall out of the economic system. Therefore, city revenues will be hard to
estimate from one year to the next year. We can do our part to help stop
the outsourcing of America's jobs by creating merchandise to sell here and
abroad. This will cut down on the trade deficit. We will have to cut back
our consumption or increase our manufacturing sector to compete against
the global economic order cheap labor. If left unchecked the continued
huge trade deficit replacement money (year after year) significantly
endanger the American way of life. At the present time in Tulsa , in
Oklahoma and across America we are losing money for one ($36,000) job
every TWO SECONDS via the trade deficit. THANK YOU, MARVIN REESE, President
S. Hayes Inc.
------------------------------------------------------------ International Monetary
Fund
August 28, 2001 To: Mr. Kenneth S. Rogoff Reference: Trade Imbalance of United States The S. Hayes Inc is a non-profit economic group in Tulsa, Oklahoma. In 1983 we developed an economic program to help reduce the trade deficit of the United States of America but it became apparent the same program could be use to assist the economic revitalization of the inter-city. Attach are 2 documents explaining in detail our program. We are in the process of writing city government officials across America seeking a city for our pilot program to be install. We believe the trade deficit economic danger to America is being totally underestimated. As we write mayors and city council members across America, we are sending the enclosed economic chart showing the acceleration of the the trade deficit since 1998. The trade deficit and current account negative balance is the long term reason why the economy has stop growing. Each year the economy will pay out 435 billion dollars or more before the GDP can start to increase. We need to bring the trade deficit issue to the forefront . THANK YOU, MARVIN REESE, President Post Script
copy to:
------------------------------------------------------------ Mayor Susan Savage
January, 10 1995 To: Mayor Susan Savage Reference: Low Income Economic Opportunities In reference to recent events in America and the direction of main stream America focal point. We believe now is the time to ask the city council in a public letter to address a viable option in regard to low income. We ask your support and the city council support for a citywide referendum in Tulsa for an additional permanent 1/4 cent sales tax to help attract or develop manufacturing into low income areas of Tulsa, The best return and the most bang for the buck is to establish manufacturing in low-income areas. What will happen with several manufacturing plants in low income areas? (1) Resurgence of the family
structure The Federal government do not have the commitment nor will to address the trade deficit and its relation to the average man. We believe after all of the hoopla, tax cuts and moving income from one class to another class of people in the United States, they will not have attacked the real enemy of everyone in the U.S. Hidden behind several different levels of economic and business statistics in America lie the real enemy (the Trade Deficit) which is slowly dismantling our society. Let's pull out one economic statistic and analyze it. The one trillion dollars we have paid for foreign goods since 1985. First, if we had a balanced trade deficit, the one trillion dollars would have created 20,000,000 jobs since 1985 but was lost because we could not provide equal manufactured goods to trade. Instead, we had to pay cash. In a pure economic model it will get worst, since 1985 the one trillion dollars works out to $4000 for every woman, man and child in America. For 1994 it works out to $1600 for every working person in America. In a pure economic model it works out to 80 cents per hour for every American worker that worked in 1994, eighty cents per hour is going outside the United States and not being used for job creation in America. If we dig behind statistics we will find the driving force behind the federal government deficit, decline in income, decline in tax base, increase in violent crimes, layoffs and other problems are being propelled by the trade deficit. The trade deficit is our enemy. Mayor Savage, we need a hero. We are asking you and the city council to take a first step to restart sound economic principles in America. An approval of a 1/4 cent sales tax to relocate or develop manufacturing in low income areas of Tulsa would help propel Tulsa toward the 21st century. THANK YOU Marvin Reese
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SCLC URBAN LEAGUE, INC. REF: LOW INCOME ECONOMIC OPPORTUNITIES After 400 years in America the black man has an
opportunity to help fulfill his destiny. The economic system is in
the most precarious position in the history of America and that includes
the civil war. One may ask why we make such a statement when the
system appears to be in good shape. As a black economist we have
followed the system since 1970 and have continued to write letters to
economic and local officials consistently to alert of a real
danger. THANK YOU MARVIN REESE,
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White House
August 28, 2001 To: Margaret Lamontagne Reference: Inter-City Economic Development The S. Hayes Inc. is a grass root non-profit economic group in Tulsa, Oklahoma. We have developed a long term economic option to help assist America reduce the ever increasing trade deficit. But in developing S. Hayes Inc. option it became apparent our program could serve a dual role. Also, the program could be used to assist economic revitalization of the inter-city. We encourage President Bush's administration to take a close look at our economic program. This is a universal program that would benefit all Americans. Our program is simple and cheap. The cost would be spread out among city, state, Federal governments and the private sector. S. Hayes Inc. plan is called Urban Revitalization Economic Plan. UREP can be adapted to assist existing government programs such as American Community Renewal Act or Empowerment zones. If one of the major federal government programs was not awarded to a participating city, then we could provide UREP minus the major federal program. UREP has four parts:
This is per 100,000 low and moderate income citizens. If there are 200,000 or more in low and moderate income in a city each 100,000 will have a major manufacturing plant and dispense five $10,000 small business grants and three $50,000 manufacturing grants every 90 days. Our 1/4 cent local sales tax is to attract manufacturing plants to the city. Also, it serves as a long term on- going fund to reduce the trade deficit and provide additional capital investments for America. An example how the fund will work.: In the last 30 days a company called ZEBCO closed their plant in Tulsa with considerable media exposure and moved their jobs to China. If our 1/4 cent sales tax program was in place in Tulsa, we could have negotiated with ZEBCO to stay in Tulsa instead of moving Tulsa and American jobs to China. We could have relocated ZEBCO jobs with a 5 year contract into a low to moderate income area in Tulsa. This is pilot program in Tulsa or we can test anywhere in America with 100,000 citizens or more in low to moderate income. In theory, if we get several cities are on-line with S. Hayes Inc. program ( then before corporations ship jobs out of America), The cities will negotiate with each company through a bid process. Each city would bid on the jobs and the city who win would relocate the jobs into low and moderate income in their city. If we have sufficient cities participating, we will not only bid on jobs leaving America but we enter into negotiation concerning bringing jobs back to America using the same bid principle with a specific contract time. We believe our program have numerous economic, social, moral and political benefits. This will help restore the economic floor and restart our main goal (the reunification of the family structure). If one member of the community opens their own business, it will vibrate through the surrounding community. Also, if one relative jump starts economically, it will affect the family structure, cousins, nephews, nieces and their friends in positive way about the system.. Our organization have a plan but we do not have muscle. We need support. THANK YOU MARVIN REESE, President S. Hayes Inc
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