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Mar
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This Monetary Reform Bill Will Surely Loosen The Banksters’ BowelsPosted by Usual in Licensing Real Estate Road Kill, tags: Banksters', bill, Bowels, Loosen, Monetary, reform, Surely, thisThis Monetary Reform Bill Will Surely Loosen The Banksters’ Bowels Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > News and Society > Economics > This Monetary Reform Bill Will Surely Loosen The Banksters’ Bowels This Monetary Reform Bill Will Surely Loosen The Banksters’ Bowels Posted: Feb 16, 2011 |Comments: 0 ]]> On December 17th, 2010, Congressman Dennis Kucinich (D-OH) introduced one of the most radical monetary Bills presented to the House of Representatives since the Federal Reserve Act of 1913. Designated as Bill H.R. 6550, this proposed Act is also referred to as the ‘National Emergency Employment Defense Act of 2010′. Kucinich’s Bill includes the following astounding objectives: “to restore the authority of Congress to create and regulate money… [and to] retire public debt…” One needs to read that again. Restore the authority of Congress to create and regulate money? Retire public debt? Does that really say what it seems to be saying? What a revolutionary Bill! H.R. 6550 is much more far-reaching than Ron Paul’s valiant attempt to audit the Federal Reserve. This Bill would take us back 175 years to Andrew Jackson who killed central banking in the United States and became the last president to pay off the National Debt. And it would take us back to Abraham Lincoln who, 150 years ago, instructed the Treasury to bypass the banks and issue some 450 million debt-free ‘greenbacks’ to pay for the Union war effort during the Civil War. Kucinich’s Bill, if enacted as written, would take the power of money creation away from the banksters and return it to Congress as the Founding Fathers had originally intended. And in no time, the National Debt would be fully paid off with debt-free, interest-free U.S. Treasury dollars. Such a scenario has long been the stuff of banksters’ nightmares. According to a London Times editorial in 1865, alarmed at the success of Lincoln’s greenbacks, “[America] will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world…That country must be destroyed or it will destroy every monarchy on the globe.”[1] And if Congressman Kucinich and his sponsors are successful, America will indeed become prosperous without precedent in the history of the world. And the other nations of the world will follow suit. The enactment of Bill H.R. 6550 is sure to create an epidemic of incontinence among the banksters throughout the world. The sale of toilet paper and adult diapers is sure to rise as the term “Cover your ass” takes on a whole new meaning. Wall Street especially will smell like an Arkansas hog ranch as the financial elite vacate their offices along with their bowels. For those lucky enough to live in South Dakota, it would be interesting to mosey on over to Mount Rushmore and see if Tom Jefferson and Abe Lincoln have broken into huge smiles. While Representative Kucinich is to be congratulated for his courage, intellect, and patriotism in presenting this Bill, special recognition should go to Stephen Zarlenga and his colleagues at the American Monetary Institute (AMI) for doing much of the groundwork over the past number of years. (Visit www.monetary.org for the text of H.R. 6550 and for a 32 page AMI precursor to the Bill.) Stephen Zarlenga, co-founder of the American Monetary Institute, has 35 years experience in finance, securities, insurance, mutual funds, real estate, and futures trading and is the author of the widely acclaimed 700 page tome, The Lost Science Of Money. Zarlenga and the AMI have been working on the genesis of this Bill for some time. Representative Kucinich has been a regular attendee and speaker at AMI events in Chicago for the last few years and has incorporated their monetary reform document in his Bill, H.R. 6550. This monetary reform is based on three crucial areas, all of which must occur if the reform is to be truly effective. 1. Incorporate the Federal Reserve System into the U.S. Treasury where all new money is created by government as money, not interest-bearing debt, and spent into circulation to promote the general welfare; monitored to be neither inflationary nor deflationary. 2. Halt the banks’ privilege to create money by ending the fractional reserve system in a gentle and elegant way. All the past monetized private credit is converted into U.S. government money. Banks then act as intermediaries accepting savings deposits and loaning them out to borrowers; what people think they do now. 3. Spend new money into circulation on infrastructure, including education and healthcare needed for a growing society, starting with the $3 trillion that the American Institute of Architects estimate is needed for infrastructure repair (roads, bridges, railroads, water systems, sewer systems, etc.); creating good jobs across the nation, re-invigorating local economies and re-funding government at all levels. In Section 2 a), Findings, Kucinich targets the malfeasance and abysmal record of the Federal Reserve. The following selected paragraphs give a flavour of his controlled anger and serious intent. (19) This ceding of Constitutional power [to the Federal Reserve] has contributed materially to a multitude of monetary and financial afflictions, including— (A) growing and unreasonable concentration of wealth; (B) unbridled expansion of national debt, both public and private; (C) excessive reliance on taxation of citizens for raising public revenues; (D) inflation of the currency; (E) drastic increases in the cost of public infrastructure investments; (F) record levels of unemployment and underemployment; and (G) persistent erosion of the ability of Congress to exercise its Constitutional responsibilities to provide resources for the general welfare of all the American people. (20) A debt-based monetary system, where money comes into existence primarily through private bank lending, can neither create, nor sustain, a stable economic environment, but has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse of the financial system in 2008. (21) Banks pyramided their value by spending money into existence, greatly inflating the value of bank holdings, inflating the value of their asset bases, enticing unknowing investors to participate in financing schemes like the bundling of subprime mortgages, and ultimately bringing undercapitalized banks and the entire financial system to the edge of ruin, creating circumstances where the taxpayers of the United States were called upon to save the banks from their own imprudent money-issuing practices, misspending and mis-investments. The banks’ ability to create money out of nothing ultimately became the taxpayers’ liability, and raises a fundamental question about a practice of money creation which threatens the wealth of the American people. (22) Abolishing private money creation can be achieved with minimal disruption to current banking operations, regulation, and supervision. (23) The creation of money by private financial institutions as interest-bearing debts should cease once and for all. (24) Reclaiming the power of the Federal Government to create money, and to spend or lend money into circulation as needed, eliminates the need to treat money as a Federal liability or to pay interest charges on the Nation’s money supply to financial institutions; it also renders unnecessary the undue influence of private financial institutions over public policy. (25) Under the current Federal Reserve System, the persons responsible for the conduct of United States monetary policy have been unaccountable to the Congress and the Nation, have resisted auditing by the General Accounting Office, and have claimed exemptions from some Federal statutes, including the Civil Rights Act of 1964, that apply to all agencies of the Federal Government. (26) The conduct of United States monetary policy by the Board of Governors of the Federal Reserve System, and specifically the failure of Board members to safeguard the financial system against wholesale fraud and abuse of citizens, demonstrates the risks of maintaining a system wherein the power to create and regulate money has been delegated to private individuals who are unaccountable to the People of the United States in any way, even through their representatives in Congress. (29) As our money system is a key pillar in maintaining general economic welfare and as the Federal Reserve System and its private banking partners has consistently failed to promote or preserve the general welfare, it is essential that Congress, in the name of protecting the economic lives of the American people and the long-term security of our Nation, reassume the powers and responsibilities granted to it by the Constitution. Hear! Hear! All freedom-loving Americans would chant. This legislation should be studied and supported for the redemption it offers to us all, especially the poor and the down-trodden. Not only Americans, but the entire world should sit up and take note of Dennis Kucinich’s revolutionary Bill. Citizens in other countries should download copies for their own political representatives and agitate for reform in their own countries. This Bill, if enacted, has the capability of creating widespread prosperity, peace, and goodwill. Let’s all hope that Congressman Kucinich prevails with this Bill and that it will not be defeated or emasculated by those in the pay or the influence of the Money Power. With the enactment of Bill H.R. 6550 the world may not become a Utopia, but it will be closer to the beauty of the Garden of Eden than it’s ever been. [1] This quote is attributed to Lord George J. Goschen, Director of the Bank of England and later, Chancellor of the Exchequer.
Retrieved from “http://www.articlesbase.com/economics-articles/this-monetary-reform-bill-will-surely-loosen-the-banksters-bowels-4244208.html” (ArticlesBase SC #4244208) Start increasing your traffic today just by submitting articles with us, click here to get started. Gabriel Donohoe - Current incarnation – Gabriel Donohoe: Writer, Natural Health Therapist & Educator, and Shamanic Counsellor. Located in Ireland. At present walking the Earth Path to heal, to learn through teaching, and to help other two-leggeds raise their levels of consciousness and to connect with The Great Mysterious. Wakan tanka nici un mitakola (Walk in Peace). Blog: http://foolscrow.wordpress.com/ Website: www.foolscrow.net ]]> Questions and Answers Ask our experts your Economics related questions here… 200 Characters left How many health care reform bills are there ? Rate this Article vote(s) Feedback Article Tags: Latest Economics Articles
In this episode, our Backwoods Guru, Bill Smooshfoot, is Just Reflectin on monetary systems, hickory logs, and robust doll-makers. What exactly does "dollar" mean, anyway? And why do we use something when we don’t even know what it is? Back to barter says Bill. DadLabs Ep 407 Distributed by Tubemogul. (04:07)
MoneyWatch’s Jill Schlesinger explains the importance of derivatives and breaks down the other key components of the financial reform bill. (02:15)
If you’re shopping for a mortgage, the new financial reform bill will protect you. But if you’re shopping for a car, you’re out of luck. Jill Schlesinger breaks down the bill’s winners and losers. (01:45)
In this episode of Ask the Experts, Jill Schlesinger, Jane Bryant Quinn and money manager Julie Jason discuss the Senate’s financial reform bill. They also answer questions on credit cards, 401(k)s and more. (27:53)
MoneyWatch editors discuss what provisions need to be included in any financial reform plan. (04:34) Unions: the Dinosaurs that are Destroying America Unions are no longer practical or viable in America today. They are responsible for raising prices, raising taxes, driving manufacturing overseas, ruining our education system, coddling sports stars and driving up ticket prices. What are they protecting their workers from? Competition from non-union workers? Our goods and services are no longer the best in the world because unions do not believe in merit pay, or in firing non-productive workers. By: News and Society> Volatility per barrel: Oil’s past, present and future With concerns about high oil prices soaring, IBISWorld takes a look at how oil will fare in the long term. By: News and Society> Scott Mead mixes profits and philanthropy When Scott Mead goes jogging, he listens to Usher. He made a beeline for the R&B artist in 2009 after spotting him at the Clinton Global Initiative, impressing the star by reeling off his songs. By: News and Society> China Turns to the EU and the USA to Make up the Lack of Supplies from Japan According to businesses experts, the shortage of supplies caused by the earthquake and tsunami in Japan forces China to turn to a wide range of products from Europe the the United States. Electronic and motor processing companies in China will began to import from the European Union and the US in the next two to three months so that the problem of stemming shortage can be solved. By: News and Society> Free Home Listings Help Arizona’s Real-Estate Market Thrive The Associated Press noted home foreclosure sales were up 9.6 percent in the month of February. One Arizona based company is helping buyers, and investors, gain homes! By: News and Society> The downwind of Fannie Mae and Freddie Mac The Obama administration announced plans to cede control and decrease future taxpayer liabilities in the mortgage market. IBISWorld identifies the pros and cons of three potential government solutions and looks at just which companies stand to benefit. By: News and Society> Financing will fuel the rebound in new car sales When US light-vehicle sales collapsed in 2008 and 2009, it was practically a given that 2010 would be a year of significant growth. Sustaining sales growth, however, will require significant improvements in several key economic drivers. By: News and Society> The pothole problem has been recognised by the government. The chancellor has set aside £100 million to fund work on the project. By: News and Society> Irish Leaders Castigated As Greatest Traitors Of All Time As a result of Ireland’s monetary turmoil the names of Irish leaders Brian Cowen and Brian Lenihan are being reviled as the villains who inflicted horrendous financial disaster upon the Irish people and forced the enslavement of future generations to a criminal cadre of International Banksters. Now is the time to dump these traitors and their ilk out of office and instigate radical change… By: News and Society> Economists: The Unholy Priests of the Banksters “Political Economists,” according to Stephen Zarlenga in The Lost Science Of Money, “became the priesthood of the new Bank aristocracy, often serving as a propaganda apparatus to whitewash the monetary power structure. They put forward false ideas and smoke screens on the nature of money, primitive concepts that help entrench the bankers.” By: News and Society> Irish Government To Auction National Assets: Criminal Stupidity Or National Sabotage? For a government to sell off national assets is either the height of stupidity or an act of sabotage. The money raised from selling national assets will soon disappear and the country will be the poorer. The buyers of national assets will be all the richer. Why would a government do such a thing? What are the alternatives? By: Finance> Snakes And Banksters: A Tale of Reptilian Treachery What have snakes and banksters got in common? A cold-blooded tendency to satisy their own selfish wellbeing. To that end they would strike the hand that feeds them. Remember Aesop’s fable about the boy and the half-frozen snake…? By: News and Society> Cops Charge Irish Government With Treason When a national police association accuses its government of what amounts to treason it is time to sit up and pay attention. The GRA, or police association of Ireland, made such a charge against its own government and ministers. By: Finance> Bilderberg: Inciting Treason In Ireland’s Attorney General? Ireland’s serving Attorney General attended the recent Bilderberg meeting in Spain, June 2010, and the previous two in Greeece and the U.S.A. Since it is well known how the ultra-secretive Bilderbergers and their stooges having been manipulating global economic policy for the past half century, are the actions of the Irish Attorney General treasonous? Are U.S. Bilderberg attendees in breach of the Logan Act? By: News and Society> Add new Comment Your Name: * Your Email: Comment Body: *
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Author Navigation My Home Gabriel Donohoe has 7 articles online Articles Categories Advertising Causes & Organizations ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Current incarnation ? Gabriel Donohoe: Writer, Natural Health Therapist & Educator, and Shamanic Counsellor. Located in Ireland. At present walking the Earth Path to heal, to learn through teaching, and to help other two-leggeds raise their levels of consciousness and to connect with The Great Mysterious. Wakan tanka nici un mitakola (Walk in Peace). Blog: http://foolscrow.wordpress.com/ Website: www.foolscrow.net
Jun
14
2010
What bill did George Bush sign about helping homeowners with short sales avoid a 1099?Posted by Usual in Short Sales, tags: 1099, about, Avoid, bill, Bush, George, helping, Homeowners, Sales, Short, signA few weeks ago I heard about President Bush signing something to help homeowners avoid paying taxes on their short sales. Banks would issue a 1099 when a short sale was approved, and be taxed on their short sale savings. I need a link to read about that story, please. Thank you !! |
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