It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Misoir
Well I guess the Socialist in the House of Representatives is standing up strong to the banking elite. It's about time someone besides just Ron Paul steps up to plate whether or not this actually materializes.
for your Mr. Kucinich!
To create a full employment economy as a matter of national economic defense; to provide for public investment in capital infrastructure; to provide for reducing the cost of public investment; to retire public debt; to stabilize the Social Security retirement system; to 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 reduce the cost of public investment, and for other public purposes.
Originally posted by whatukno
reply to post by LazyGuy
Sure, it would completely destroy the world economy, and probably cause a 10 year long recession that would make the great depression look like a mild market adjustment.
But in the long long run, it would be better for the US and better for everyone.
Originally posted by autowrench
This is very good news! Makes me proud that Dennis Kucinich is my Congressman. It is certainly good to see at least one other supporting what Dr. Paul has been trying to do for years now, banish the private owned, greedy and criminal central banning institution for once and for all. Only the Treasury has the Right, given by the People, to "coin money," and only gold and silver is to be used to "pay all debts, both public and private."
Originally posted by xuenchen
Is there enough gold and silver to PAY all debts, both public and private ???
Originally posted by texastig
All the US Govt. has to do, is do what the Fed is doing and they won't have to pay any interest. They can create the money for themselves as Lincoln did for the Lincoln greenbacks.
Originally posted by mwood
It will never happen....
It was fought every time a central bank was to be established in America and they finally got it and now it has been in place too long and has too strong a foothold.
Originally posted by FlyingJadeDragon
Holy Guacamole! Now this is news! This could be the start of something big. Great post! S&F!
I'm not sure how ending the Fed. would play out considering the tangled web of debt and deal-making that's been weaved from having the it run,I mean ruin, things. It could get really ugly especially when it comes to dealing with Wall Street and the bankers. Dealing with the toxic assets, bond purchases and paying back foreign purchasers of our debt are other big problems as well. Hopefully,they've already got a game plan worked out.
Maybe they'll drop the Federal Reserve Note and start issuing Homer Simpson Gold Certificates or something.edit on 19-12-2010 by FlyingJadeDragon because: edited for content