To the young men and women who are braving the overreaction of local authorities to raise their voices against the corruption and manipulation of our nation that emanates from Wall Street: I say to you that your presence is making a difference. You are exercising the right every American holds most dear, the right of freedom of expression, and with that expression you are finally getting the attention of the nation.
Wall Street banks got billion-dollar bailouts but the American people get austerity. Fourteen million Americans are out of work. 50 million people don't have health insurance and a million homes a year are lost to foreclosure. Our policies take the wealth of the nation and accelerate it into the hands of the few.
We need a government of the people and for the people. We need a financial system that is of the people and for the people. It is time we take our nation back and take our monetary system back from the big banks.
I recently introduced H.R. 2990, the National Emergency Employment Defense Act, to put the Federal Reserve under the Treasury, to end the practice of fractional reserve banking and to take control of our monetary policy and make sure it works for the people.
We can use our Constitutional authority to coin money and spend it into circulation to put millions of Americans back to work in a way that is noninflationary. The time for bold change is now.
We are the American people. Our dream of freedom and prosperity is too big to fail.
(Video address here.)
Follow Rep. Dennis Kucinich on Twitter: www.twitter.com/RepKucinich
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IT IS NOTHING BUT A LIE AND SCAM.. AND i CAN PROVE IT.. MORE THAN THIS... they simply stole my work, warped it... and use it to preserve the bankers power...
THIS BILL... changes nothing... and keeps the bankers in position to rob us all blind.
See -->
https://www.nycga.net/groups/vision-and-goals/forum/topic/hr-2990-is-nothing-but-a-lie-and-a-scam-do-not-be-fooled-it-changes-nothing/
for a long text argument with details... details no one can deny.
-Mosheh Thezion
Candidate for U.S. President in 2012
http://mosheh.org/Home.html
1-818-397-1352
campaign@mosheh.org
Now become Ohio's favorite son candidate and a run a primary challenge to Obama!
Japan 11:1
Germany 12:1
France 15:1
Italy 20:1
Canada 20:1
South Africa 21:1
Britain 22:1
Mexico 47:1
Venezuela 50:1
United States 475:1
Source
http://tmotr.wordpress.com/2011/07/04/going-for-broke-will-legislate-for-food/
Eliminating fractional reserve banking simply substitutes full reserve banking. That means that the banks are required to keep deposits fully on reserve.
I have no idea what that would entail. How would it affect credit? interest rates? loan availability? mortgages? the FDIC? inflation? money circulation?
Bravo for Mr. Kucinich.
Research on the economic bill he proposes.
Indeed, any politician with a sliver of integrity left should be out talking to these crowds and standing on the front line in protest against not only the blatant and alarming behaviors of the financial sector, but also the show of extreme jack-boot force that mayors and governors are bringing to bear on these protests for Justice.