Kucinich’s WAY OUT
Two-time presidential candidate Congressman Dennis Kucinich (D-OH) will soon be introducing legislation which truly is the way out of recession and back to prosperity.
The primary cause of a recession is a shortage of money in the hands of the American people, the way out of recession is to put more money in their hands. Under the present monetary system this can only be done by borrowing more and going deeper in debt.
The American Monetary Act takes three simple steps to correct this debt problem:
(1) Incorporate the Federal Reserve Banks into the U. S. Treasury where
all new money is created by government as real money, not
interest-bearing debt, and spent into circulation to promote the general welfare; monitored to be neither inflationary nor deflationary.
(2) Eliminate Fractional Reserve Banking in a manner that makes the
federal government the only entity with the power to create, issue and regulate our money, as Article I, Section 8, Clause 5 of the United States Constitution mandates.
(3) As the “debt-money” created by the privately owned Federal Reserve
System and the commercial banks disappears when debts are paid, it will be replaced with real money spent into circulation to rebuild our badly decayed public infrastructure, which includes roads, bridges, dams, water and sewage plants, mass transit, schools, etc. It also includes universal health care and education for all. This will create
millions of high paying jobs. Also a substantial stimulus check will be
sent out to immediately put money back in the hands of the American people. We don’t need to “get credit flowing,” we need to get real money flowing. All of this will be an interest-free, debt-free,
inflation-free dividend to the American people.
Click the link below to read the American Monetary Act:
http://www.monetary.org/amacolorpamphlet.pdf
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