Kucinich: Health Care, Infrastructure, Federal Reserve Bank (video; 2005)

Dandelion Salad

erkd1

This clip is of Congressman Dennis Kucinich at the 2005 Monetary Reform Conference

Elizabeth Kucinich, his wife, works for the American Monetary Institute.

The American Monetary Institute (AMI) is a publicly supported charity, founded in 1996 to present the results of our research in a manner understandable by the average citizen; leading to monetary reforms which bring forth a greater level of economic justice and a more equitable and efficient functioning of government.

This field deserves serious study because while attention is usually focused on the elections of presidents, prime ministers, and representatives, the real outcomes in society – whether there will be general economic justice or special financial privileges for the few – are often quietly determined behind the scenes by the structure of a society’s monetary system.

http://www.monetary.org

In one AMI report it states:

First, incorporate the Federal Reserve System into the U.S. Treasury where all new money is created by government as money, not interest-bearing debt, and spent into circulation to promote the general welfare; monitored to be neither inflationary nor deflationary.

Second, halt the banks privilege to create money by ending the fractional reserve system in a gentle and elegant way. All the past monetized private credit is converted into U.S. government money. Banks then act as intermediaries accepting savings deposits and loaning them out to borrowers; what people think they do now.

Third, spend new money into circulation on infrastructure, including education and healthcare needed for a growing society, starting with the $1.6 trillion that the American Society of Civil Engineers estimate is needed for infrastructure repair; creating good jobs across our nation, re-invigorating local economies and re-funding government at all levels.

The false specter of inflation is usually raised against such suggestions that our government fulfill its responsibility to furnish the nation’s money supply. But that is a knee jerk reaction – the result of decades, even centuries of propaganda against government. When one actually examines the monetary record, it becomes clear that government has a superior record issuing and controlling money than the private issuers have.* Inflation is avoided because real material wealth has been created in the process.

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Elizabeth works with Stephen Zarlenga, author of “The Lost Science of Money”, here is a excerpt from the book:

“The thesis of this book is that a main arena of human struggle is over the monetary control of societies and that this control has been and is now exercised through obscure theories about the nature of money. If it had to be summarized in one sentence, it is that by misdefining the nature of money, special interests have often been able to assume the control of society’s monetary system, and in turn, the society itself. Describing how this has been done historically will make these concepts vital, and hopefully seep aside the mystification in which money has been purposely shrouded. Guidelines for monetary reform are then presented, to end the private control of monetary systems and instead assert the public societal role to control money under the rule of law, rather than the whims of men” (p. 3).

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Don’t let Big Media chose who will best represent us as a nation, choose the candidate that best supports you.

Kucinich 2008

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Note to Ron Paul supporters: I know the Federal Reserve is very important to you all, as it should be for everyone. I want to let you know you have a natural ally with Dennis Kucinich. Lets hope for a general election between these two honorable men and then let the people decide.

Added: November 19, 2007

see

Dennis Kucinich on ABC News Now (video)

Ron Paul talks about Dennis Kucinich (video)

5 thoughts on “Kucinich: Health Care, Infrastructure, Federal Reserve Bank (video; 2005)

  1. hi dandelionsalad,

    Thanks for posting the clip, and AMI admin person I fixed the link on my YouTube site too 🙂

    You have a great website, I will be a regular here.

  2. Thanks for letting me know, I have corrected the link in the post. I did copy it directly from the video poster, Erkd1, who also wrote the commentary, so please let him know the correct url, too.

    Thanks for your additional info, too.

  3. Dear Dandelion Salad,
    You gave an excellent brief summary regarding the American Monetary Institutes position. Only one correction – the correct url is:
    http://www.monetary.org
    Thank you!
    P.S. Regarding the comment by Bon on competing currencies, thats straight out of Austrian monetary theory, with no basis whatever in historical experience. As Aristotle tells us “Money exists not by nature but by law.” Money is by nature a fiat of the law. It must therefore be issued by government as money; not by private parties as credit/commodities/etc. Money is a unique category. The website gives more.

  4. i am very glad to hear about this. i was wondering what his position was on the fed.

    however, i think the problem is not “private” control, per se, but *monopoly* control over the money supply–period. when you allow a small group of people to outlaw competing currencies and determine the value thereof, whether it be treasury bureaucrats or private fed “governors,” the power to make or break an entire society rests in *their* hands, not ours, and very little can be done to get out of such a system when no alternatives are given.

    i wonder how a kucinich administration would treat liberty dollars, for example, which were recently seized as “outlawed currency.”

    shouldn’t people be allowed to barter and exchange whatever they want? ron paul has pledged not only to return the fed’s power to the u.s. treasury, but also to legalize all such private competing currencies, so that if the “official” dollar is inflated and devalued by government programs beyond control people will always have another currency to “invest” in.

    -b-

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