Mish vs. Denninger: Econ BlogWars erupt over Kucinich's 'GreenBacker' FED. Res. PowerGrab!Submitted by BleuCream013 on Thu, 12/23/2010 - 18:16
Now that Dr. Ronald Ernest Paul is the Chairman of the SubCommittee, the establishment Dems and former HR1207 'allies' ramp up their propaganda against the Free Citizenry, and seek to exert American Monetary Institute's Zarlenga/Ellen Brown(Web of Debt author)'s push for complete absorption of the FED into the Treasury, and giving the Congress the powers to print fiat notes, and emit bills of credit, further undermining a push for a truly open, free market monetary reform.
More dangerous road ahead, folks. It's gonna be a bumpy ride. Everyone is an 'economist' now; KRUDman and MADcow talk econ: http://www.youtube.com/watch?v=7YiyjO3y3WA
Flawed 'End The Fed' Bill From Rep. Kucinich Would Give Congress Near Unlimited Power To Print Money
Representative Dennis Kucinich has introduced a bill to end the Fed. Unfortunately his proposal grants Congress ability to create money at will for virtually any purpose. Kucinich specifically mentions full employment, stabilizing social security, and to "lend new money into circulation as authorized by Congress and to provide means for public investment in capital infrastructure".
In other words Kucinich want Congress to have the power to print money into existence for any reason it wants. Here are a few snips from Kucinich's End the Fed Bill that show what I mean...
Unfortunately, it looks like Karl Denninger didn't even fully read it (perhaps?), and is FOR it! http://market-ticker.org/akcs-www?post=175725
Denninger, now in my 'econ insensates' column. Oh Karl, you had so much potential...
mini-econ blog war to ensue. get ye'r popcorns out!
My dearest R3VOLutionaries, please be ready: the attacks against us and the Doc, along with the Mises Inst. & the Austrian School, are only going to increase as the perfect storm of the Dollar, commercial real estate, and the bond bubble collapse loom, and the ensuing civil unrest that is sure to follow in very near future in America.
Oh, 2011, you're going to be an interesting one, aren't ya?