2-minute video: Kucinich explains monetary reform, full-employment, renewed infrastructure

Representative Dennis Kucinich rolled with statements from the AFL-CIO president for renewed infrastructure and jobs to explain in two minutes how monetary reform accomplishes both goals. Monetary reform is accomplished through H.R. 2990, a bill Dennis introduced to Congress in 2011.

Monetary and credit reform can be understood with three simple areas of facts taught in basic economics:

  1. The US does not have a money supply; we have its Orwellian opposite as a debt supply. This is because the US leading banks won legal right through passage of the 1913 Federal Reserve Act to have private banks and the Fed create debt for what we use as money, and then charge the 99% for its use.
  2. The policy choice of a debt supply compounded with interest causes ever-increasing aggregate debt that can never be repaid. It can’t be repaid because this is what we use for money. The US national debt now pushing $16 trillion has a gross annual interest payment over $400 billion a year; ~$4,000 per US family of $50,000 annual income (if your household earns $100,000, then your gross annual interest payment is ~$8,000 every year).
  3. Monetary reform creates debt-free money that extinguishes the debt (details here), and allows government to become employer of last resort for infrastructure investment (hard and soft). This creates full-employment, optimal infrastructure, and falling prices because infrastructure historically creates more value to the economy than cost. Credit reform allows for public loans (interest directly pays for public goods/services) as another monetary tool for stable money supply (credit reform details here).

Dennis was gerrymandered out of his district because of his acts to legislate for 100% of humanity rather than be a minion to the criminal 1%.

Given the King family civil trial verdict that the US government assassinated Dr. Martin Luther King for his stand against the 1%’s wars and avarice, and mountains of evidence this is how the 1% does business, Dennis Kucinich is a hero to the 99%. Perhaps in a new and coming political climate after the 1%’s arrests, Dennis will be in position to express leadership in politics.

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  • Anonymous

    Well, this makes too much sense. Which is why Kucinich, like Alan Grayson, had to be taken down.

    The riddle I’m pondering tonight is this –

    Could someone please explain to me how our massive and deeply funded homeland security apparatus can publicly celebrate their takedown of Cleveland wanna be anarchists who are so clearly 7-11 parking lot quality slacker losers while at the same time missing completely on a mass murdering Arizona neo-Nazi who publicly flaunted his hateful intentions for years? He shot his 18-month old granddaughter for god’s sake.

    Unbelievable…

  • What infrastructure?

    More highways? More of the same ol’ auto-centric sinkholes? More runways? More support for the unsupportable?

    Time to think outside the box and cut all subsidies including those for industry. People will figure out what to do for themselves without ‘Big Brother’.

    Otherwise, Congress creating dollars to retire debt is a good idea. Keep in mind that all collateral for these debts — excess liabilities — will be repriced to zero and the banking system of the country will be destroyed. There are no free lunches … or free freeways, either.

  • Rep. Dennis Kucinich like Rep. Ron Paul is ignored by the Establishment. Dennis Kucinich is against wars, Federal Reserve, Wall Street, Israel Lobby, etc.

    Last year, Kucinich visited anti-Israel Syrian President Bashar al-Assad and in January 2012 – he gave a history lesson to his fellow congressmen about why they should not listen to building the drumbeat of war with Iran which seems to hold most of Washington to its thrall.

    It sounds, Abraham Foxman has many reasons to call Kucinich an ‘anti-Semite’!

    http://rehmat1.com/2012/01/02/rep-kucinich-us-must-back-off-threatening-iran/