Dennis Kucinich speaks on the topic of Obama’s “stimulus package”…
“The banks have shown that they can’t be trusted with the American economy”
“in 1913 the power to create money was taken from the congress and the American people in the Federal Reserve Act. The Federal Reserve is no more federal than Federal Express. But yet it has the power to determine the direction and the use of our economy. If we take that power back and put Federal Reserve under Treasury, we start to be in a position of being able to control monetary policy on behalf of the United States people.”
“We also have to look at the “fractional reserve system” which is how banks create money out of thin air.”
“Trickle-down economics, the trickle never gets down. The invisable hand of the “market place” is in the pocket of the American tax payers.”
Filed under: dennis kucinich, disaster capitalism, Economic Crisis ie. Disaster Capitalism, Globalization, Neocons = Neolibs, war on the middle class | Tagged: kucinich calls out Big Banking, Kucinich calls out Ferderal Reserve | Leave a Comment »
