"Reducing U.S. Debt and Creating Jobs Through Public Control of Our Money System

http://www.herad.is/y04/1/2011-05-08-AMI-.htm 

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"Reducing U.S. Debt and Creating Jobs Through Public Control

of Our Money System

Theirony is that these three provisions would institutionalize

what most Americans falsely believe already exists:

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(Wrong on all counts)

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That the Federal Reserve is public.

That banks only loan money that they possess.

That the government creates our money.

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Wrong on all counts."

http://www.huffingtonpost.com/stephen-zarlenga/reducing-us-debt-and-crea_b_857230.html

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Right

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The Federal Reserve is a private enterprice.

Banks only loan money they make.

The privat bank creates our money.

jg

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Right

http://www.huffingtonpost.com/stephen-zarlenga

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One of the few exceptions is Rep. Dennis Kucinich (D-OH),

who during the last Congressional session introduced H.R. 6550,

The National Emergency Employment Defense Act.

A revised version is expected to be soon reintroduced.

Americans would bewise to rally behind it.

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Decades of distortion and deception can be remedied by this bill.

Public control of the money system is not a new practice.

The American colonists issued "Continentals" and the Lincoln administration "Greenbacks"

to fund the Revolutionary and Civil Wars, respectively

-- all debt and interest free.

More than 200 prominent economists during the Great Depression of the 1930s developed and endorsed "The Chicago Plan"

-- which declared that only the government should create money -- to address that crisis.

Ask your U.S. representative to cosponsor this act when it is reintroduced.

Ask your two U.S. senators to contact Rep. Kucinich about becoming a Senate sponsor.

This bill alone cannot solve all our current economic problems.

But it will end the private/corporate control of what should profoundly be a public democratic function of any society

-- issuing the nation's money.

Maybe more importantly, the act will serve as a beacon of hope

to a beleaguered citizenry who are seeking long-term solutions to unemployment, debt, crumbling infrastructure,

and need to take power over their lives and their society.