Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

The Kucinich Plan for Economic Reform and Recovery

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
 
NorthCarolina Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 07:04 PM
Original message
The Kucinich Plan for Economic Reform and Recovery
OpEdNews: Richard Clark

Dennis Kucinich says Congress must direct the Treasury Department to issue US Notes (like Abe Lincoln's Greenbacks, but which would also be issued in electronic deposit form) to pay off the National debt. He says the US must also gradually increase the reserve ratio that private banks are required to maintain from 10% to 100%, thereby gradually ending bankster ability to create money out of thin air and then loan this funny money out at interest. Prize-winning documentary film maker Bill Still agrees and has produced several very persuasive films, web sites, books and articles that explain and support this idea of nationalizing the Fed, ending fractional reserve banking, and distributing a new, non-debt-based currency.

Congressman Kucinich's proposal is laid out here ( http://www.govtrack.us/congress/billtext.xpd?bill=h111-... )in its entirety.

In this bill, HR 6550 IH, Kucinich proposes a means by which we can:

-create a full employment economy;
-provide for public investment in capital infrastructure;
-provide for a reduction in the cost of public investment;
-retire public debt;
-stabilize the Social Security retirement system;
-restore the authority of Congress to create and regulate money, modernize and provide stability
for the monetary system of the United States, retire public debt, and achieve the goals just
listed

This is a plan that prize-winning documentary film maker and author of No More National Debt believes has the potential of actually achieving all the goals just listed. However, it is a very long bill, and is written in legalese. What follows here, then, is my simplified and clarified version of attorney Pat Carmack's plan for monetary reform, which lays out all the essential principals in Congressman Kucinich's plan, and briefly provides the key arguments that Kucinich makes in his bill. (Carmack's version of the idea was written at the special request of Bill Still, for presentation in one of his prize-winning documentary films, The Secret of Oz.)

<snip>

Link: http://www.opednews.com/articles/The-Kucinich-Plan-for-...
Printer Friendly | Permalink |  | Top
KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 07:09 PM
Response to Original message
1. K&R...Thanks for this post...no matter what some say...Kucinich is a voice
for many of us Democrats. That he can't get elected is because of "The System" ...but still, I'm so glad to hear whatever he says because it rings truer than the lying, bought off sychophants who SUCK from the TEAT of LOBBYISTS AND THINK TANKS... :grr:
Printer Friendly | Permalink |  | Top
 
TreasonousBastard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 07:37 PM
Response to Original message
2. Wow! This beats anything Rand Paul ever said for ignorance. Kooch has...
absolutely no idea how things actually work.

A 100% reserve requirement would put us all out of work and bankrupt the entire planet. The rest of it is just silly.





Printer Friendly | Permalink |  | Top
 
earcandle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 11:21 PM
Response to Reply #2
5. you are, after all, a treasonous bastard... so taken with two grains of salt.
This is a brilliant idea.  Yes it will upset your investments,
no doubt.  And give the power of the purse back to the people.


at least President Kucinich knows what to do and isn't afraid
to say it. 
Printer Friendly | Permalink |  | Top
 
swilton Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 09:35 PM
Response to Original message
3. Kucinich like Bernie Sanders
thinks outside of the 'system'...which is fundamentally flawed for among other things being reliant on a petroleum economy, and crafted with the flawed assumption that resources are limitless. Only this the kind of thinking/solutions can fix what ails the country. The rest of the solutions offered in Washington are just band-aids offered in situations that require major surgery.
Printer Friendly | Permalink |  | Top
 
earcandle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 11:19 PM
Response to Original message
4. Thank you, President Kucinich, for taking the time to figure this out with some intelligence and
respect for out intelligence!  Love you! 
Printer Friendly | Permalink |  | Top
 
earcandle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 11:22 PM
Response to Original message
6. Now posted to Noodle Brain blog for eternity.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Apr 22nd 2019, 02:00 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC