Welcome login | signup
Language en es fr

Forum Post: Kucinich Says Occupiers Agree With Tea Party Blaming The Fed

Posted 12 years ago on Oct. 5, 2011, 4:43 p.m. EST by HankRearden (476)
This content is user submitted and not an official statement

Kucinich was just on Fox with Cavuto.

He said there is agreement between Tea Partiers and Occupiers that the Fed is responsible for the incredible concentration of corporate power.



Read the Rules
[-] 1 points by joeradmacher (40) from Kansas City, MO 12 years ago

It is time for all of us that our proud of our country to take it back from the crooked Corporations and the politicians that they have bought.

We need leaders who are honest, intelligent and care about the people that elected them. We all need to band together, right, left, the tea party and everyone else and demand that they are doing the work for the best of our country.

We have to spend more of our resources to catch and prosecute all of the crooks on Wall Street, Washington and hold all of our leader accountable. If a politician is caught taking a bribe then they should be jailed for a decade along with the person handing our the bribe.

[-] 1 points by Kooch (77) 12 years ago

Kucinich wants to nationalize The Fed and I'm right with him! http://www.youtube.com/watch?v=4IdPyYRnOY0

[-] 1 points by noahtron (48) from Montreal, QC 12 years ago

i suspect that this is an attempt by kucinich to bring tea partiers into the fold.

[-] 1 points by GammaPoint (400) from Oakland, CA 12 years ago

How does the argument go that the Fed is responsible for concentration of corporate power? I'm not saying it's not true, I just don't see the connection.

[-] 1 points by HankRearden (476) 12 years ago

I recommend the book titled The Creature From Jekyll Island.

If you're not into reading much, there is a pretty good 45 minute video that explains it very well, viewable free online. Just google 'Money As Debt'.

And the short answer to your question is that unlimited free money buys control over EVERYTHING.

To see whether this is true, just watch the reaction as attention gets pointed at the Fed. They are already trying the dissipate-and-divert tactic, because ignoring us or calling us tinfoil hat wearers doesn't work any more.

[-] 1 points by GammaPoint (400) from Oakland, CA 12 years ago

I'll take a look at Money As Debt with lunch today.

[-] 1 points by HankRearden (476) 12 years ago

Cheers, I hope you enjoy it.

[-] 1 points by GammaPoint (400) from Oakland, CA 12 years ago

Was certainly fairly simplistic, but it did suggest an importance to this issue that I previously did not consider to be that big. I may have to read more into this.

The Creature From Jekyll Island does look to have great reviews, so maybe I should check it out. Do you know of many good discussions of the Fed from more left-wing sources? I tend to find more reasonable positions among those on the left and would be interested in hearing what those who don't believe in the magic of the "free market" think about the Fed.


[-] 1 points by HankRearden (476) 12 years ago

It's not a left/right issue, really. It's one issue where you see agreement between Ron Paul, Ralph Nader, and Dennis Kucinich.

Some people more inclined to trust the state have proposed moving the power to print money directly to congress so it could be issued without interest. In fact, that video proposes that at the end. I call that the Zimbabwe option - it has been a disaster for every society that tried it.

If you think the government should answer to the desires of the governed, then it seems primary to make sure the money has cost -- is based on assets like gold and silver as mentioned in the constitution -- in order to keep them from stealing the value out of the economy and wrecking everything for everybody.

I don't see a left or right side to that, do you?

Thanks for having a look at that, and thanks for your well-considered reply.

I know you'll enjoy the book. The more people become aware of this, the better the chance for freedom and prosperity.

[-] 1 points by marsdefIAnCe (365) 12 years ago

Dude, are you going to shill for the Fed on EVERY thread?

The Fed has this little thing called the discount window. They make 0% loans available to their friends. These people get to go out and buy treasury notes with that money that your tax dollars pay the interest on. They get to leverage 10x or more, so the money they borrow at 0% returns 30%+ per year straight out of your tax dollars.

And you wonder why economic power is concentrated?

[-] 1 points by entrepreneur99 (114) from Los Angeles, CA 12 years ago

I'm in the same boat as GammaPoint. I'm new to this point of view. I'm looking to understand.

A guy asks a few questions and immediately he's a "shill for the fed". Not cool. I hate to say it but it's hard to take you seriously if you get ridiculously defensive when someone asks a reasonable question.

One of the things that I have liked about OWS so far is that it sparks discussion among people who don't necessarily agree. I would like for it to stay that way.

[-] 1 points by HankRearden (476) 12 years ago

Read a few lines above this one, you'll see Gammapoint's response to my answer.

We all have more in common than we have differences, and we all like to think that as we learn more, we will be more in agreement.

As we learn, we can spread the word to others. More and more people are learning that partisan pie-throwing is a diversion that keeps them from learning what is really going on. We can settle other differences later. Right now people are protesting, and some of us are busy pointing up the people responsible for all this, so that their efforts won't be wasted.

[-] 1 points by GammaPoint (400) from Oakland, CA 12 years ago

I was asking for the connection. No one has bothered to explain it besides suggesting the viewing of long documentaries.

But aren't citizens also able to buy treasury notes? If the government is going into debt could it not be to provide social services or to invest in American productivity? I'm not saying that's currently the purpose of government spending (because it's clearly not true) but it doesn't mean that the government, if properly in the people's hands, couldn't borrow in the average American's best interest does it?

[-] 1 points by marsdefIAnCe (365) 12 years ago

Why are you bringing up all this stuff? I am tempted not to answer because you are trolling other threads but I will go ahead and post a response for the benefit of the public at large.

Yes, citizens can buy treasury notes. The key difference is they have to save money first to do it. The owners of the private Federal Reserve give themselves 0% interest loans and can leverage it 10x, so they make 30% returns on however much they decide to give themselves, not their own savings.

[-] 1 points by MattLHolck (16833) from San Diego, CA 12 years ago

As far as I know the Fed is a publicly owned bank

[-] 1 points by HankRearden (476) 12 years ago

Matt, please go look up who owns it, and let us know.