Dennis Kucinich: The House Overwhelmingly Passed a Bill to Audit the Federal Reserve

End the Fed

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Dandelion Salad

Jul 27, 2012 by

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.

Kucinich: Dem Leaders Just Limousine Liberals?

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Jul 24, 2012 by

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.

Kucinich Stands for 99%, Demands Audit of the Federal Reserve

see

The Weaponization of Economic Theory by Michael Hudson

Four Horsemen of the Apocalypse: Fossil Fuel, Nuclear Fission, Central Banking, War by Rand Clifford

Ellen Brown: From Austerity to Prosperity With Publicly Owned Banks

Moyers and Company: Gambling With Your Money

Michael Hudson: Federal Reserve System

One thought on “Dennis Kucinich: The House Overwhelmingly Passed a Bill to Audit the Federal Reserve

  1. Once again, the host of an RT program, like the host of another of their programs, cannot and will not comprehend how a monetarily sovereign nation could and should function. It becomes painful to watch.

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