Surviving Capitalism (Not) : This Monetary Reform Bill Will Surely Loosen The Banksters' Bowels

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Sunday, February 20, 2011

This Monetary Reform Bill Will Surely Loosen The Banksters' Bowels

by Gabriel Donohoe from OpEd News.

Great title! Although the bill hasn't the slightest chance of survival, the very idea will be a shock to banksters. I'm curious to see how much Ron Paul and other libertarians support the bill.

Kucinich's Bill, if enacted as written, would take the power of money creation away from the banksters and return it to Congress as the Founding Fathers had originally intended. And in no time, the National Debt would be fully paid off with debt-free, interest-free U.S. Treasury dollars.

Forget about the usual reverence paid to the "Founding Fathers". The latter just hadn't thought up the idea of the Fed at that point in time. They did create a central bank called the Bank of North America by pooling the huge war profits they, and the merchant class, had made off the Revolutionary War, added some foreign loans, and finally, some US Treasury money that they took to supply sufficient funds for their bank. They then made loans to the US Treasury.