Jul 27, 2012 by TheAlyonaShow
There’s only about a week left until Congress goes on a summer recess, and there are a few notable things that have, and haven’t been done. As we mentioned yesterday, the House overwhelmingly passed a bill to Audit the Fed, but the Democratic leadership, isn’t exactly on board. It’s seven days before recess and yet still no jobs bill. And was the symbolic tax vote this week, a lot more important than people wants to let on? And a few US foreign policy decisions that haven’t exactly played out as planned. Iraq, Afghanistan, Libya, just to name a few. Alyona discusses with U.S. Congressman Dennis Kucinich.
Jul 24, 2012 by DJKucinich
This is all about disclosure and accountability. You know, the Fed’s not some kind of hocus pocus, black box operation. The Fed essentially supplants the Constitutional mandate in Article 1, Section 8, that belongs to the Congress of the United States.
Let’s look at some recent history here. 2008: subprime meltdown, collateralized debt obligation, go back for mortgage-backed securities, neighborhoods in Cleveland melting down, people losing their homes. The Fed looked the other way and we’re saying, “oh, don’t go into the Fed, it would be political.”
Yes, it’s political. We have unemployment because of politics. We have people losing their homes because of politics. We have banks getting uncalculated amounts of money from the Federal Reserve and we don’t even know about it. Meanwhile people can’t get a loan to keep their home or keep their business.
Audit the Fed? You bet we should audit the Fed. We have to have accountability. It’s time that Congress stood for its Constitutional role: Article 1, Section 8, the power to coin or create money.
It’s time we stood up for America’s 99%. It’s time that we stood up to the Federal Reserve that right now acts like it’s some kind of high exalted priesthood, unaccountable in a democracy.
Let’s change that by voting for the Paul Bill.