With all the hysteria about government debt and deficit spending, ostensible pretexts for annihilating the public, why is no one scrutinizing the source of the problem ~ the monetary system?
Our economy has been running on credit/debt since 1913 when Congress outsourced its sovereign authority to create the nation’s money and gave that privilege away to a cartel of private banking corporations ~ the Federal Reserve System. After 1913, our so-called ‘money’ supply could only be created by banks generating credit as loans. Continue reading →
Congressman Dennis Kucinich (D-OH) released the following statement in response to the release of the second of two reports on the Government Accountability Office’s (GAO) audit of governance at Federal Reserve banks.
“The GAO report adds details to what we already know. The Federal Reserve operates with brazen disregard for the best interests of the American economy and with very serious conflicts of interest,” Kucinich stated.