Dennis Kucinich States His Intention To Put The Federal Reserve Under Government Control

[Truth2Tell]

Run time: 01:27 https://www.youtube.com/watch?v=-r_-QRKyu6g   Posted on YouTube: January 26, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: January 28, 2009 By DU Member: Truth2Tell Views on DU: 9221

 
An idea who's time has long past come.

Dennis gets to the heart of the problem because he actually wants solutions.

[lapfog_1]

1. While we are at it, nationalize any of those banks that stole the TARP money too! - n/t

[bagrman]

16. IF you can't account for the money we'll be taking the keys, thank you.

[Ken Burch]

50. And establish democratic control of them, while you're at it.

It's OUR money, we should have a real say in what's done with it.

[DissedByBush]

53. I'm not sure which is worse

The current situation, or a sitting president being able to dangerously pump up the economy to help him out in the upcoming election.

[bjobotts]

78. Dangerously pump up the economy??? For political gain??? The president??

[bjobotts]

79. Can you spell cynical. Do you expect him to do nothing or are you a tax cut goober

[bjobotts]

80. Kucinich hits at the heart of a long time corrupt power broker.Time for the Fed to be the FED

[Left Coast2020]

81. Dennis hits at the heart of everything that is F'd up in this country.

It would be nice if he could yank these banking corporate a-holes in front of an investigative committee and ask them point blank: "where is the money at"? If no answer, cuff them and put them in jail until they can provide a clear answer. Why do we let people like this get away with this crap? :grr:

[DissedByBush]

93. Congress wouldn't want that

They play so fast and loose with our tax dollars that they really don't want hard questions asked in public.

Kucinich would. Ron Paul would. The rest of them would be scrambling for cover.

Interestingly, their respective parties really don't like either of them. Too many hard questions. Too many public stands that don't agree with the power elite. It is funny to see that Kucinich and Paul are alike on so many things, like the opposing the Federal Reserve, the Patriot Act, torture, the war on drugs, NAFTA, and the WTO. But after those and other similarities they do tend to get weird and/or unconstitutional sometimes.

[DissedByBush]

86. Of course I am cynical

We are dealing with politicians. Kucinich himself is the only politician who I don't think would pull this, maybe Ron Paul too.

[Mind_your_head]

2. YES, YES, YES!

:kick:

K & R'd

:applause: Dennis! Thank you, sir!

[ZombieHorde]

3. DK 2016

He would be our first Gnome President.

[Why Syzygy]

4. It will never happen.

Not without a civil war.

Good 'ole Dennis, though.

[Grinchie]

45. Where do I sign up to fight the Pro-Federal Reserve Fascists?

If the Federal Reserve could actually come up with support at this time to continue their failed system of Fiat Currency and inexorable control of the Worlds money supply, then I would happily pick up a pitchfork and poke at the corpulent gentlemen of the Fed personally.

All the rest would that defended this criminal enterprise would be disposed of without mercy.

And I'm a pacifist!

[truedelphi]

62. I hear you, boy do I ever hear you.

[Bushknew]

5. You just heard a real American.

[slay]

6. As it always should have been!!! See this prophetic quote by Thomas Jefferson

"If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered." - Thomas Jefferson

Enuff said. :grr:

[Pharaoh]

12. Boy was Jefferson right on!

And Dennis,

Stay away from small planes!


K&R

[slay]

73. It has since been pointed out to me that this quote can not be verifiably attributed to Jefferson

however that doesn't change it's meaning. Many sources dating back as far as 1937 have attributed it to him - but for the sake of openness and honestly, this can not be verified. Still, damn good quote - and sadly true.

[Pharaoh]

87. Well, this backs you up

Capitalism has everything to do with central bankers’ issuance of debt-based money and the increasing power of government in our lives and the increasing profits of bankers at our expense.

Thomas Jefferson, the author of America’s Declaration of Independence understood well the threat posed by central banks:

The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution…Bankers are more dangerous than standing armies… If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.

http://www.financialsense.com/fsu/editorials/schoon/2008/0804.html

[truedelphi]

89. Thank you for that link to "Financial Sense" n/t

[lumpy]

18. Jefferson's message should be relentlessly quoted day after

day until it becomes a mantra.

[defendandprotect]

32. Congress has to hear challenges to the Federal Reserve much more often . . .

and be assured our "free press" isn't going to be mentioning this

controversy which helps keep it in place.

The other night on C-span I actually heard a human being commenting that

capitalism was now being discussed as having "failed." Someone jumped

in immediately to cover up that idea by saying that, "of course, this

was temporary and very short term." General idea/Not verbatim.

We should all be shouting from the rooftops that "Capitalis has failed,

again and again and again -- and was walking away with our money AGAIN."

[slay]

38. "Capitalism is the extarodinaary belief that the nastisest of men, for the nastisest of reasons,

will somehow work for the benifit of us all." - John Maynard Keynes

[defendandprotect]

39. Beautiful post . . .

Carmelized sugar water for the world ---

[Jambalaya]

75. Need or Greed?

“The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.” ~ John Kenneth Galbraith

[truedelphi]

63. Your report on this incident reminds me of another incident

Maybe a year or so ago, when a caller got on board C Span and started mouthing off. He was stating that as long as the election process involved only two parties, both of which basically only represent the Monied Class of the top 1%, that we were not really a democracy, and that change for the People of the Nation weas unlikely to occur.

I have never seen Lamb look so uncomfortable, and did he ever dispense of that caller posthaste!

[defendandprotect]

69. Thanks for that stor y . . . .

I've often wondered about Lamb. Aside from the mandated coverage of USHR and Senate,

his concept of additional programming -- in full -- seems a liberal idea.

But the GOP control of government over past long years I think pushed his end of

it way out of shape. There was a time when you could see great variety on C-span,

women, people of color --- even atheists!

And, the cable companies also got really, really greedy during this time.

That was a very real comment by that caller -- it's information we all know but really

don't want to acknowledge, somehow!

[bdamomma]

36. Jefferson was right on target when he said that.

[Greyhound]

66. I agree with the sentiment, I am a great fan of Dennis Kucinich, and I believe

That our participation in the global cartel od central banks is the sole cause of most, if not all of, our problems today.

But it must be pointed out that Jefferson never said this. We have to be accurate in order for our arguments to strike home. http://www.snopes.com/quotes/jefferson/banks.asp">Check out the reference on Snopes}.

Thomas Jefferson was very concerned, as were most of the founders, about keeping us free from the European banking cartels, but this statement's origins are, most likely from a magazine article from the 1930s, not Thomas Jefferson.

[slay]

72. Ah - thanks for pointing that out

I had heard it years ago and easily found it on a wide variety of sources all linking it to Jefferson. Regardless of who said it, it's a great quote and proving to be true in quite a terrible way. But yes, for the sake of sighting sources it is impossible to accurately attribute this to Jefferson. I'll edit my OP. :hi:

*on edit: woops got a "You can not edit this post the time has expired" message when trying to edit the OP - I corrected it in post #73 though.

[Mithreal]

7. This is the kind of change I believe in. eom

[Norrin Radd]

8. kr

[Greenheron]

9. The Fed

Dennis,
Please no don't do it.I love you too much buddy.You are walking down a path that is sooooo dangerous.
History is littered with ruined politicians and dead men who have tried to mess with the Fed.
Be careful my brother.

[Stalwart]

10. Going in Harm's Way

?w=286&8h=300
"I may sink, but I'm damned if I'll strike" -
John Paul Jones on the USS Bonhomme Richard,
facing off against HMS Serapis.

[pjt7]

28. B.S. the time is now

to stop the madness.

Buck up or shut up.

[defendandprotect]

33. The public has to find ways to offer more concrete support for ideas like this ---

Call your Senators/Reps and Dem leadership and make this a constant

question --- why are private banks dictating our economic policies.

That's what Congress should be doing -- and the Treasury should resume

printing our money.

All hierarchies of power are conspiracies ---

and that includes our own "people's government" when the wrong people

come to power. End elite control of government!

[truedelphi]

88. Welcome to DU, greenheron n/t

[Stalwart]

11. HR 2755

Some recent interest in the last quarter of 2008 in HR 2755 (introduced 2007) as shown in Google Trends:

http://www.google.com/trends?q=HR+2755+

It does not say what city the interest is coming from but I think it is obvious? Either Washington DC or New York City? Equally from both? Somebody is looking at this recently with enough frequency to make the google lab trends.

Who and why the recent interest? Somebody thinking about something? A google trend to keep an eye on.

The trend spike in HR 2755 correlates in time with this spike in "federal reserve" google trend. Most frequent city: Richmond VA

http://www.google.com/trends?q=%22federal+reserve%22

HR 2755 Ron Paul sponsor 2007:

http://www.google.com/search?hl=en&q=HR+2755+federal+reserve+board+abolition+act&btnG=Google+Search&aq=f&oq=

[Jefferson23]

13. WAY TO GO DENNIS, YES!!

[Moostache]

14. Amen!

The idea that any amount of money going to banks is "good for America" is a sick joke right now...

As I see it, there is no way to end the current contraction without two things - 1) a bottoming out of prices that would be near the current wages of the middle class (ie. - a WHOLE LOT LOWER and a WHOLE LOT MORE pain to get close) or 2) a massive rise in the compensation of the bottom 99.99% of the population accompanied by a massive decrease in the compensation of all kinds that goes to the top 0.01%. We are in this mess because of the greed and criminality of that top 0.01% and their lapdog mechanism in the Fed.

Giving so much as a red nickel more to any bank is anathema to me....

[bagrman]

15. Long over due.

[km1550]

17. Do it today!!!

Thanks Dennis!

[coreyswhite]

19. A song of hope and courage

http://www.youtube.com/watch?v=e0-5nCIZ6MA

[ooglymoogly]

20. This is the single most important action that Obama could take to insure

his legacy as one of the greatest presidents of all time long into the future.
The privately owned federal reserve has had a strangle hold on this country since its wheedling into our government after the great depression which was caused by same(google Jekyll Island).
However a word to the wise...even presidents have been assassinated for even suggesting such a thing...The man we all love and trust should be careful how he travels and watch his back.
We are speaking of ruthless soulless people here who think nothing of causing wars where millions are slaughtered to pad their overflowing pockets and hold secure their ruthless power over the world.

[defendandprotect]

31. Federal Reserve is one of the hierarchies of power which is controlling America. . .

to our detriment --- and with the cooperation of Congress --

Repug and Democratic, alike - save those like Kucinich who may

also speak out on this issue.

Also agree on the dangers of this for officials who speak out and

we need to find ways for the public to become more active in supporting

liberal and progressive changes like this one.

[12string]

47. the federal reserve

was created in 1913 during Woodrow

Wilson's adminstration,prior to the grat depression.

[ooglymoogly]

52. Yes that is true...but it did not become anything like the power it gained after the

great depression; Which it created by rumor, to make itself powerful; By buying up all the competition for pennies on the dollar, into a few crony banks (JPMorgan et al, the same folks buying up all the failing banks today) to buy up all that went bankrupt from that great depression.
Woodrow Wilson realized his mistake not long after his government allowed this Trojan horse into the countries midst, but it was too late; The seeds for the great depression had already been sown.

That is why I used the words "Wheedle its way into our government after the great depression", for that was when it became far more dangerously powerful and ex facto an illusionary part of the government and that was by design.

[Jambalaya]

74. Federal Reserve.Net

[Career Prole]

21. K & R for the Gentleman from Ohio. n/t

[ooglymoogly]

22. KR the most important OP on this board. nt

[valerief]

23. I just wish there were more like him who want to do the right thing.

Unfortunately, they're few and far between.

[NorthCarolina]

24. K&R for America's Congressman n/t

[LeftHandPath]

25. Abolish the Fed!!

Everyone needs to read 'Creature from Jekyll Island'.

The 'Federal Reserve' is neither Federal, nor is it a reserve.

It is a private banking cartel designed to fix prices, its a monopoly.

It is also criminal enterprise explicitly designed to defraud the American tax payer.

And our new Sec. of the Treasury is a top dog, Fed and Goldman Sachs crony.

He belongs in prison, not in the Obama administration.

[BelgianMadCow]

83. Neither federal, nor a reserve!! yes

And this quote by a Rotschildt (one of the families behind the fed): Give me the power to print a country's money and I care not who writes its laws.

[go west young man]

26. The Creature From Jekyll Island- a must read in this regard.

http://educate-yourself.org/cn/creatrefromjekyllisland25feb05.shtml

Once again Dennis Kucinich is well ahead of the curve on the rest of our ignorant congress.

[slay]

46. Wow - very interesting site

Gonna check out quite a bit of this in detail later. The truth is - things are way worse than your typical Dem/Repub would EVER know, and this site seems to have the goods. Great name for the site too since you really do have to EDUCATE YOURSELF these days, because the corporate media sure as hell isn't going to. And as much as I admire Keith Olberman and Rachel Maddow, what's going on here with The Fed, the powerful elite, and propaganda goes WAYYYY beyond the "politics" they cover. Thanks again - site is bookmarked! :hi:

[go west young man]

90. Your very welcome.

I'm up on the "Creature" because believe it or not I used to work at the Jekyll Club Hotel and was frequently in the Fed Reserve Room.

[Jambalaya]

76. Hallelujah!

Thank you for posting this.

I had this article in my favorites file.

My computer crashed.

I lost my files, and couldn't remember the name of the website.

It has found its way back home.

Wonderful site.

[go west young man]

91. Glad I could help. Cheers!

[pjt7]

27. This is the real CHANGE

we all need.

It's just a matter of educating yourself to the absurdity of our financial system. Good on' Dennis~

[pjt7]

29. Any reporter worth their salt should ask

Obama 24/7 if he is in favor of shining light on the Federal Reserve.

[defendandprotect]

30. Thank you again and again, Dennis Kucinich . . .

[trungpa ricochet]

34. Kucinich is a true patriot

and the best public servant in the House. BRAVO:kick: :fistbump: :yourock:

[lovuian]

42. Yesss

Yesss

[bdamomma]

35. You got to love Dennis he is great.

wasn't the Federal Reserve ever under the Treasury Dept.? just asking.

[harun]

37. DK has more courage and ethics than the rest of Congress put

together.

[SilentMichael27]

40. We must fail in order to succeed!!!!!

United states government gave the peoples money to organizations that were on a failing path yesterday, today they are still on a failing path and the government wants to give them more money to spend for tomorrow. *Stimulating* the market is an Outstanding Idea but what were doing is *Simulating* market spending by sending our money in a loop through the failing market. We are just delaying the failed market. Instead of adding more fuel lets concentrate on the reason its failing and rebuild accordingly.

This is not a recession, this is our regulations, laws, and corrupt government and financial bodies

Do we learn from mistakes and failures?
Then we are successful failures

[JohnyCanuck]

41. Link to video “The Gig Is Up: Money, the Federal Reserve and You."

http://video.google.com/videoplay?docid=-4020719354420953428&hl=en (1hr 23min)

[slay]

44. Nice. I haven't seen this yet

but bookmarked it and plan to watch it tonight or tomorrow. Thanks for posting this!

[trungpa ricochet]

84. Just watched it

Well done. Let's back Kucinich's bill and call out Congressmen. Thanks for the link.

[wildbilln864]

94. Why do I cringe when he mentions Jim Marrs?

:banghead:

[ihavenobias]

43. K & R

[bertman]

48. My main man Dennis is launching a big-assed LEAD BALLOON here, but I'd be proud

to be the one who gets to bust the champagne bottle on that sucker.

For some more education on the FED go to www.zeitgeistmovie.com and then select The Addendum

Well worth the time.

Thanks to all who posted other links to read.

Welcome to DU, SilentMichael27!!

[Larry Ogg]

65. I agree zeitgeist the addendum is a must see movie

Although if there was ever an ‘academy award’ given to a movie that explains the dominant money systems of the world, the criminal enterprises that created, own and control them, the blood soaked trail of blood that predates and permeates American history. Such an award would go too http://video.google.com/videoplay?docid=-1583154561904832383 "> The Money Masters Part 1 and http://video.google.com/videoplay?docid=-529716659023952808"> The Money Masters Part 2 together they are 3 ½ hours long, but well worth watching a couple of times. Personally, I think it’s the most important, informative and well documented video on the subject…

[acmavm]

49. Sounds about right. They've been given powers like a government

agency, we need to make it one. They hold too much influence for a private 'bank'.

[slipslidingaway]

51. K&R n/t

[KoKo]

54. Thank you DENNIS! Too short to be Pres....big ears and whatever...but Love Ya!

:loveya:

[katty]

55. indeed--take the keys away from them-step away from the car!!

stat!

[chill_wind]

56. K & R. n/t

[Kitty Herder]

57. Way to go Dennis! nt

[gulfcoastliberal]

58. That's right, end the power of opaque private banks determining our economic policies... K&R

nt

[pleah]

59. K&R But, when have they ever listened to Dennis Kucinich?

I wish they would.

[TroubleMan]

60. The Federal Reserve is a tapeworm in the bowels of the Treasury - a leech

sucking our country dry.

It's way past time to get rid of it.

[trthnd4jstc]

61. Right On! Thank You Truth2Tell.

[Truth2Tell]

95. My pleasure. Just here to spread the word. DK is the man. nt

[Hippo_Tron]

64. Kucinich is wrong about monetary policy but right about regulation

The United States like most Western European countries has a central bank for a reason. If politicians controlled monetary policy they would simply lower interest rates whenever election time comes around which will be good for their re-election and disastrous for the long term.

That being said he is correct that the Federal Reserve is an utter failure as a regulatory body. They should be stripped of their regulatory powers and have them transferred to Treasury or create a new agency under the supervision of Treasury with those powers.

[Klingon]

77. Is he now?

If politicians did what you're afraid of, we could vote them out of office, send letters and in general use all the standard means to get elected officials to do our bidding. How's that working with the FED as it is now?

I believe that the key phrase in Kuchinich's speech is "the Federal Reserve is no more Federal than the Federal Express". I wonder how many Americans actually know that, and understand its implications. I'd say that most people don't believe it even when they're told.

The media clearly is not interested in this topic, although they seem worried when publishing occasional polls showing that the average Americans don't know much about the institutions that govern their lives.

Let's privatize FDA and FCC. Would that work? If not, why is it a good idea to give the regulatory power over a nation's money supply to a private body?

[Hippo_Tron]

98. The Federal Reserve is not privately controlled

It is governed by a Board of Governors that are appointed by the President of the United States and confirmed by the United States Senate. The only quasi private aspect of it is that the private banks get a say in who sits on the board of directors of the 12 regional fed banks. But their authority is only whatever the Board of Governors delegates to them.

The Federal Reserve also does not print money. Money is printed by the Bureau of Engraving and Printing which is part of the Treasury Department.

[Klingon]

101. That is a point of view

The Federal Reserve operates with very little interference from the rest of the government. It is not controlled by the US President although he appoints the Board of Governors, as it is with the Supreme Court. BTW, only 5 of the 7 members are listed on the board's website.

In theory, the US Congress has oversight over the Fed, In practice, I've never heard of GAO exercising any real oversight over the Fed.

The fact that private interests reach as high as the Boards of Directors of the 12 regional banks is, I believe, unparalleled in the US government. A political equivalent would be the private appointment of State Governors and city mayors. A justice equivalent would be the private appointment of general attorneys.

By "printing money" I'm not referring to the physical act of actually printing the notes, but rather to exercising the power to regulate the money supply.

[Truth2Tell]

96. The central bank could theoretically

be set up with separations from politics, at least to some extent. The Supreme Court is. To some extent. And it's not like our current private central bank doesn't behave politically when it's in their interests anyway. I'd personally rather have a bank susceptible to the political whims of a fickle public than serving the self-interest of a secretive greedy elite. But that's just me.

[Hippo_Tron]

97. The Federal Reserve is private only in the sense that it sells stock to private banks

And in turn the banks get to elect some of the board of directors of each regional bank. But the authority of the board of directors of each regional bank is basically whatever the Board of Governors says it is and the Board of Governors is appointed by the President and confirmed by the Senate just like the Supreme Court.

I agree with Kucinich that the Federal Reserve Board has acted irresponsibly. They probably shouldn't have 14 year terms and probably need to be subjected to more oversight. But he seems to be with the Ron Paul types who think that it's all some big conspiracy and that all of the world's problems will be solved by returning to the gold standard which is where I part ways with Kucinich.

BTW, Barney Frank has a bill (or at least did in the last congress) that would give the Fed's regulatory power to other agencies.

[lostnotforgotten]

67. My Man My Man - Go Dennis Go

eom

[whistle]

68. Put the Federal Reserve into bankruptcy control

[w4rma]

70. Agreed. And why is our government paying the very few owners of the Federal Reserve huge bucks? (nt)

[FourScore]

71. i fear for his safety now. Please don't get on any small planes, Dennis!!! n/t

[BigBearJohn]

85. That ain't no lie.

[Raksha]

82. K & R

[wildbilln864]

92. and kick! nt

[Waiting For Everyman]

99. Yay! Thank you Rep. Kucinich!

Can't rec, but kick & bookmark.

This is the heart of the problem. And there won't be a better time to do it.

[wildbilln864]

100. thank you Dennis!

:patriot: