Ok people, want to know where our 'friend' Mr. Kucinich gets his monetary wisdom?

http://www.garynorth.com/public/4993.cfm

Gary North answered the whole issue of Stephen Zarlenga, Ellen Brown (Dennis Kucinich, Barney Frank etc) who all want to nationalize the Fed.
Essentially Webster Tarpley - whom Alex Jones interviews - from the Lyndon Larouche chic - advocates the same. They do not believe in the free market, but rather in total govt. control, and actually consistent honest socialists (leftwing of the Democratic Party). On foreign policy there are some basis to work together however.

Remember Peter Schiff has said he would rather have a gold standard than the Fed given over to Nancy Pelosi, who will inflate even much more than the Fed. He mentioned the traditional role of the Fed, like witht he German Bundesbank, with which I agree. The problem is that if the Fed is filled with Keynesian economists, they will want to abolish the gold standard etc. again and want to have full control. So you need to abolish the Fed eventually, after all the debt is paid off.

Milton Friedman was also for ending the Fed. I listened recently to a radio interview with him. I think this is important to note in discussions with the Chicago school, Cato, reason etc. It is not only the Austrian school who want to end the Fed! (a not not give it over to the Treasury).

His difference with Rothbard was with regard to the gold standard, he adcovated a more "sophisticated" monetary system. Essentially what you need is a back, non-fiat currency, but one that can be "expanded" when need be. Ellen Brown has said the gold standard is too volatile to be backing the USD. Well, the thing is gold is priced in USD and it is the USD that is so unstable. Of course there would not be enough gold in the world to back all at say 1000 USD an ounce. So for this reason the gold price may have to shoot up to say 5000 USD or more, or you can have a commodity backed currency where you use a combination of gold, silver etc (maybe copper etc.).

BTW: Ron Paul has said that also the Treasury, not only the Fed, should be regulated, and I 100% agree with that.

Are there more people in this country predisposed toward Socialism than Capitalism - more than ever now ?

"When the people give way, their deceivers, betrayers, and destroyers press upon them so fast, that there is no resisting afterwards. The nature of the encroachment upon the American constitution is such, as to grow every day more and more encroaching. Like a cancer, it eats faster and faster every hour. The revenue creates pensioners, and the pensioners urge for more revenue. The people grow less steady, spirited, and virtuous, the seekers more numerous and more corrupt, and every day increases the circles of their dependents and expectants, until virtue, integrity, public spirit, simplicity, and frugality, become the objects of ridicule and scorn, and vanity, luxury, foppery, selfishness, meanness, and downright venality swallow up the whole society."
--John Adams

SOUND FAMILIAR????????????

"The Constitution has either authorized such a government as we have had, or has been powerless to prevent it."
--Lysander Spooner

rather have Marcy Kaptur any day (as far as both "major" parties go)

that knows what side his bread is buttered on.

Didn't the Democrats win ?

while Dr. Paul's is taking forever?

Now I am certain he was either threatened or has something to hide. Just a fact that he is outside of the establishment doesn't mean we can trust him like our president Ron.
I've had it with this little communist.

this I know

with Kucinich & get his point of view. There converstaion on this would be very valuable for all parties.

Kucininch can believe the Treasury should handle our money AND audit the FED.

I don't see 2424 going anywhere. 1207 is at a snails pace getting 218 co-sponcers, and I get this feeling, both resolutions are to keep us occupied while the house debates a VAT (tax).

Arnold is already talking about a flat tax... which is the form of a VAT.

They want to figure how to tax all of us at an impossible rate and keep their seats.

"...Her volunteer work often brought her to the House of Lords.[1] At that time she heard financial analyst Stephen Zarlenga speak about monetary reform. She was impressed and soon was hired to become Zarlenga's assistant at the Chicago-based American Monetary Institute.[1] That work took her and Zarlenga to Dennis Kucinich's office."

http://en.wikipedia.org/wiki/Elizabeth_Kucinich

about money from Dr. Paul if he is such a good friend, how can you Help but absorb great insight when Ron Paul speaks on ANY issue, he explains everything so well! How can DK still be so confused, or maybe he's simply close minded, but that's just deliberately being IGNORANT as far as I'm concerned!

Good info
____________________________________________
The Federal Reserve, Stealing the American Dream since 1913

Check out the videos I'm watching on YouTube
http://www.youtube.com/user/sharpsteve2003

From Wikipedia:

"The American Monetary Institute is dedicated to monetary reform and advocates taking control of the monetary system out of the hands of the private banks and placing it into the hands of the US Treasury. They argue that this would mean money would be issued by government interest free and spent into circulation to promote the general welfare. They argue that this would mean that substantial expenditures on infrastructure, including human infrastructure (education and health care) would become the predominant method of putting new money into circulation."

This why Kucinich likes to complain about a "private bank" issuing money. He wants the Treasury to control money and print fiat money whenever they want it, interest free, to grow the welfare state. The is WORSE than the Federal Reserve system, which at least has a modicum of independence from the politicians. Dr. Paul's ideal is for the private sector to create the money in a free market, to keep money AWAY from the government. Totally the opposite of Kucinich.

It's just a shell game, like we can trust the government with this power? Definitely not constitutional or a free market solution.

http://en.wikipedia.org/wiki/Monetary_reform

"In particular a number of monetary reformers, such as Michael Rowbotham, Stephen Zarlenga and Ellen Hodgson Brown, support the restriction or banning of fractional-reserve banking (characterizing it as an illegitimate banking practice akin to embezzlement) and advocate the replacement of fractional-reserve banking with government-issued debt-free fiat currency issued directly from the Treasury rather than from the quasi-government Federal Reserve."

I think you are on to something. Would love to hear what the Mises Institute and Dr. Paul have to say about it.

Now that Congressman, Dennis Kucinich has introduced his HR 2424 on May 14th, many of us were confused as to why Kucinich did not sign on to Dr.Paul's HR1207.

After doing some digging I discovered that he is a member of the Chicago-based, American Monetary Institute.

http://www.monetary.org/

When I scrolled down, I noticed an article labeled, 'Here's why the AMI considers the Austrian School as monetarily illiterate and not having done their homework' :

http://www.monetary.org/refute.htm

This would explain a lot of where Mr.Kucinich is coming from regarding the Federal Reserve. His anti-Austrian School stand does nothing but allow further loopholes for this monetary parasite.

Would you please send me your response to this.