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Home Alternative News News New Bill Introduced By Dennis Kucinich: HR6550 - End The FED

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Is there finally some hope, some common sense? Good news on the horizon for We the People... Good news for me and good news for all of you who have read "Global Monetary Sovereignty In Private Hands". In fact, the most important news of the last 300-year economic history. It seems that the first step towards the real social progress is being made. Dennis Kucinich's new legislation supports what Ron Paul has been trying to do for years now, banish the privately owned central banking institution. The National Emergency Employment Defense Act of 2010, abbreviated "NEED," the Bill HR6550 - or in short, "End The FED" - yes, this is what it's all about.


The global financial meltdown is worsening. Among other things, Dennis Kucinich's Bill HR6550 proposes to restore the authority of Congress to create and regulate nation's money supply. This very important Bill is just what we need:




Congressional Press Release, 17 December 2010:

"As the nation struggles with long-term unemployment at rates not seen in generations, contracted credit, and the hoarding of public dollars by the banks, U.S. Rep. Dennis Kucinich, D-Ohio, today introduced a dramatic new proposal to establish fiscal integrity, reassert congressional sovereignty, and regain control of monetary policy from private banks.

The National Emergency Employment Defense Act of 2010 would allow the federal government to directly fund badly-needed infrastructure repairs and fund education systems nationwide by spending money into circulation without increasing the national debt. The bill would end the current practice of fractional reserve lending, whereby the economy depends upon private financial institutions to lend money into circulation.

Kucinich stated: "The staggeringly bad employment and economic numbers represent a massive problem which cries out for bold action. Rather than crossing our fingers and hoping that banks will finally lend some of the billions of public dollars they haven't thus far seen fit to lend, we can take action. My bill would replace the Federal Reserve System's dependence on private banks to create credit. In its place, a Monetary Authority under the Treasury Department would directly inject liquidity into the economy by purchasing much-needed public infrastructure repair. Today we have idle capital, millions of able-bodied but unemployed workers, unused equipment, and record low interest rates. These conditions are the best possible time to make a long-term investment in our nation's infrastructure. My bill would do exactly that."

See the legislation here:

http://kucinich.house.gov/UploadedFiles/NEED_ACT.pdf

 

Have you noticed some important similarities with the principles of the Crom Alternative Currency System?

In good faith, I would like to customise a little this legislation and add some extra facts: 

- National medium of exchange and dollar's global reserve currency status. Free will to choose his own medium of exchange is the undeniable right of everyone.

- Federal Reserve's crimes has left the entire world in the state of catastrophe. Will we experience worldwide liberation from the actual criminal embracement of the dollar claws? Are we going to see damage repayments, or reprisal of the famous 1971 statement (John Connolly - then U.S. Treasury Secretary): "The dollar is our currency, but your problem."





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Crom - Free Planet Money, A Choice In The Form Of Alternative Currency That Through Internet And Mobile Banking Is Available To Everyone, Anywhere In The World. Crom - Novac Slobodnog Planeta, Izbor U Obliku Alternativne Valute Koji Je Kroz Internet I Mobilno Bankarstvo Dostupan Svakome, Svugdje U Svijetu. Crom - Denaro Dell Pianeta Libero, Una Scelta In Forma Di Moneta Alternativa Che È Attraverso Internet E Mobile Banking A Disposizione Di Tutti, Ovunque Nel Mondo.Publish Your News

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Crom payment system represents a monetary reform, different way to make the money supply equal to the available supply of goods and services, and a new method to finance the economy without usury. In practise, an ideal opportunity not only for global and local business, but also for movements and projects which promote sustainable natural living, food sovereignty and greater auto-sufficiency, production and consumption of renewable green energy, such as Transition Towns and ecovillages. Crom platni sustav predstavlja monetarnu reformu, drugačiji način da se ponuda novca izjednači s dostupom ponudom roba i usluga, te novu metodu za financiranje gospodarstva bez lihvarenja. U praksi, idealna prilika ne samo za globalne i lokalne tvrtke, već i za pokrete i projekte koji promiču održivo prirodno življenje, prehrambenu suverenost i veću samodostatnost, proizvodnju i potrošnju zelene energije, kao što su u Tranzicijski Gradovi i eko sela. Sistema di pagamento Crom rappresenta una riforma monetaria, modo diverso per livellare l'offerta di moneta con l'offerta di beni e servizi disponibili, e un nuovo metodo per finanziare l'economia senza usura. In pratica, l'occasione ideale non solo per le aziende globali e locali, ma anche per i movimenti e progetti che promuovono la vita naturale sostenibile, sovranità alimentare e una maggiore auto-sufficienza, produzione e consumo di energia verde rinnovabile, come le Città in Transizione e ecovillaggi.    News Categories

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 Regardless of whether you are the owner of e-shop, small entrepreneurs, worker looking for a housing loan, farmer in financial difficulties or an ordinary consumer who needs to borrow money to buy a new television, Crom Alternative Currency System offers monetary sovereignty and the possibility of life with more democracy and less police, military and lawyers, less taxes and more tourist travels with vehicles that do not pollute the environment, less stress and more free time and going to the restaurant more often... Bez obzira na to jesi li vlasnik elektronske trgovine, mali poduzetnik, radnik u potrazi za stambenim kreditom, farmer u financijskim problemima ili obični potrošač koji treba posuditi novac za kupnju nove televizije, Sustav Alternativne Valute Crom nudi monetarnu suverenost i pruža mogućnost života s više demokracije i manje policije, vojske i advokata, manje poreza i više turističkih putovanja vozilima koja ne zagađuju okoliš, manje stresa i više slobodnog vremena i odlaska u restorane... Non importa se sei il proprietario di un negozio online, piccolo imprenditore, lavoratore in cerca di mutuo per l'acquisto della prima casa, l'agricoltore in difficoltà finanziarie o consumatore che ha bisogno di un prestito di denaro per comprare una televisione nuova, Sistema Di Moneta Alternativa Crom offre la sovranità monetaria e una possibilità di vita con più democrazia e meno polizia, militari e avvocati, meno tasse e più viaggi turistici con veicoli che non inquinano l'ambiente, meno stress e più tempo libero e uscite al ristorante...    Login

What happens next if the state can go bankrupt?
 

 Tired of financial crisis, public and private debt, high interest rates, increasing inflation, declining purchasing power and excuses? It's a time for a change... something new and completely different... independent monetary and financial system, marketplace and social network - all in one... Umoran od financijskih kriza, javnog i privatnog duga, visokih kamata, porasta inflacije, pada kupovne moći i političkih izvinjenja? Vrijeme je za promjene... nešto novo i sasvim drugačije... neovisni monetarno financijski sustav, tržnica i društvena mreža - sve u jednom... Stanco delle crisi finanziarie, debito pubblico e privato, alti tassi di interesse, inflazione crescente, declino del potere di acquisto e scuse politiche? È ora di cambiare... qualcosa di nuovo e completamente diverso... sistema monetario e finanziario indipendente, mercato e rete sociale - tutto in uno...     Who Is Online?

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