Dennis Kucinich
Stunning Facts About How the Banking System Really Works … And How It Is Destroying America
Submitted by George Washington on 03/27/2013 17:43 -0400Reclaiming the Founding Fathers' Vision of Prosperity
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Guest Post: The U.S. Economy Is Now Dangerously Detached From Reality
Submitted by Tyler Durden on 02/09/2013 16:45 -0400
We now live in an entirely fabricated fiscal environment. Every aspect of it is filtered, muddled, molded, and manipulated before our eyes ever get to study the stats. The metaphor may be overused, but our economic system has become an absolute “matrix”. All that we see and hear has been homogenized and all truth has been sterilized away. There is nothing to investigate anymore. It is like awaking in the middle of a vast and hallucinatory live action theater production, complete with performers, props, and sound effects, all designed to confuse us and do us harm. In the end, trying to make sense of the illusion is a waste of time. All we can do is look for the exits…
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Steve Keen - Lessons On The Fiscal Cliff From The 1930s
Submitted by Tyler Durden on 12/10/2012 21:43 -0400
The infamous debunker of most-things-classically-economic was recently asked to brief Congress on the fiscal cliff, and how the downturn of 1937 could be a foretaste of what will happen if the Cliff comes to pass. The paper, slides, and presentation - designed to be simple enough for Dennis Kucinich and his colleagues in Congress to comprehend - provide another glimpse as Steve Keen argues that an attempt by the government to reduce its debt now may trigger a renewed bout of deleveraging by the private sector - and this is what appeared to happen in 1937, when confidence that the worst of the Depression was over led to the government reducing its deficit. Private sector deleveraging, which had stopped in 1934-35, began once more and unemployment rapidly rose from about 10 to almost 20 percent. The main danger with the Fiscal Cliff is therefore not what the reduction of government spending will do on its own, but that it might trigger a renewed bout of deleveraging from the $40 trillion overhang of private debt that Keen calls the "Rock of Damocles".
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Ron Paul: "Pure Democracy Is Dangerous"... When It's Purchased
Submitted by Tyler Durden on 11/08/2012 22:33 -0400
From an outright libertarian, the headline seems contrary; but Ron Paul's affirmation that "pure democracy is dangerous" critically confirms what Romney accidentally admitted: that enabling the majority to dictate the minority is a problem when the majority are receiving a [government] check. Bloomberg TV's Betty Liu looks a little shocked when the thoughtful Paul confirms bluntly that the reelection of Obama is driven simply by 'the people' being on the 'receiving end' of government benefits and that the US is "so far gone; we're over the cliff already." From the lack of credibility in Washington to GOP's 'acceptance' of higher taxes and why he quit Congress, Ron Paul succinctly reminds many of the true state of the union in which we live... "As long as you think we have to please the world and run this welfare state, all we will argue about is who will get the loot."
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Guest Post: US Government Proposes Law Making It Illegal For Them To Kill You
Submitted by Tyler Durden on 08/07/2012 18:37 -0400
Last Friday, US Congressman Dennis Kucinich introduced HR 6357, a bill which aims to ‘prohibit the extrajudicial killing of United States citizens’ by the federal government. In other words, in the Land of the Free, they need to pass a law to prevent the government from indiscriminately murdering its own citizens. Now if this doesn’t give one reason to pause and consider the distortions of liberty that have taken place in western civilization, I don’t know what will. Ask yourself, are you really living in a free society? Are you free? If not, why not? What else could possibly be more important? It takes courage to answer honestly.
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Guest Post: The National Attack Authorization Act?
Submitted by Tyler Durden on 05/28/2012 10:49 -0400We all know that the National Defense Authorization Act (NDAA) signed by President Obama on New Year’s Eve contained a now-struck-down provision to authorise the indefinite detention of American citizens on US soil. But did you know that the NDAA also paves the way for war with Iran? From Dennis Kucinich:
Section (6) rejects any United States policy that would rely on efforts to contain a nuclear weapons-capable Iran. Section (7) urges the President to reaffirm the unacceptability of an Iran with nuclear-weapons capability and opposition to any policy that would rely on containment as an option in response to Iranian enrichment. This language represents a significant shift in U.S. policy and would guarantee that talks with Iran, currently scheduled for May 23, would fail. Current U.S. policy is that Iran cannot acquire nuclear weapons. Instead, H. Res. 568 draws the “redline” for military action at Iran achieving a nuclear weapons “capability,” a nebulous and undefined term that could include a civilian nuclear program. Indeed, it is likely that a negotiated deal to prevent a nuclear-armed Iran and to prevent war would provide for Iranian enrichment for peaceful purposes under the framework of the Non-Proliferation of Nuclear Weapons Treaty with strict safeguards and inspections. This language makes such a negotiated solution impossible. At the same time, the language lowers the threshold for attacking Iran. Countries with nuclear weapons “capability” could include many other countries like Japan or Brazil. It is an unrealistic threshold.
The notion of a “nuclear weapons capability” seems like a dangerously low standard. Let us not forget that Mossad, the CIA and the IAEA agree that Iran does not have a bomb, is not building one, has no plans to build one.
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“Big Brother is Eyeing Us – For Good or Evil?”
Submitted by Tyler Durden on 12/14/2011 00:43 -0400We in the United States have lived free from a tyrannical government for over two hundred years. It becomes easy, therefore, to succumb to the notion that government is benevolent and can do us no harm. But the founders of our nation knew otherwise, as do millions of people today who have come here from countries that do not have our basic freedoms. It is easy to slide insidiously into repression. Just ask Jews who lived in Germany in the early 1930s. Over the years, novelists have warned of the consequences of an expanded and centralized government. Dystopian novels like Alduos Huxley’s Brave New World, Fahrenheit 451 by Ray Bradbury and A Clockwork Orange by Anthony Burgess, among others, have dealt with a future in which dehumanized people led lives fearful of an all-knowing and all-powerful government. Technology and surveillance systems today have rendered such possibilities as probabilities. The fear of terrorism has made us more willing to tolerate increased government intrusion. Predator drones attack our enemies without putting our soldiers at physical risk, seemingly inconsistent with their job description. There is no halting technological development, nor should there be. Nevertheless, the risk of an unscrupulous person gaining power exists. Our democracy is based on a system of checks and balances. However, since 1933, the executive branch of our government has assumed increasing powers – today manifested in the 38 “czars” working in the Obama Administration – 33 of whom function without Senate confirmation. In the wake of Communism in Russia and Nazis in Germany, Sinclair Lewis titled his 1935 novel, It Can’t Happen Here. So far it hasn’t, but that is no reason to let down our guard.
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Libertarian Wall Street Protesters Demand End to the Fed
Submitted by George Washington on 10/06/2011 20:30 -0400No, Obama is NOT the answer ...
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Second Wave of Protests Unleashed: Targets the Federal Reserve
Submitted by George Washington on 10/04/2011 00:39 -0400Fed Up?
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High-Level Officials Eager to Spill the Beans About What REALLY Happened on 9/11 … But No One In Washington or the Media Wants t
Submitted by George Washington on 09/09/2011 02:12 -0400This post doesn't get into whether 9/11 was caused by incompetence, criminal negilgence or something more sinister ... It focuses only the fact that high-level whistleblowers want to tell us what happened, but no one in Washington or the flapping jaw media wants to hear about it
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"They’re Going to Cut Back the Bone and They’re Going to Keep the Fat, Basically. They’re Going to Try to Panic the Population into Acquiescing ... While Making Sure that They Pay the Pentagon, They Pay the Foreign Aid, They Pay Wall Street"
Submitted by George Washington on 07/16/2011 14:36 -0400Exactly.
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What Both Sides Are Missing In The Debt Ceiling Debate
Submitted by George Washington on 07/14/2011 19:39 -0400- Ben Bernanke
- Bond
- Capital Formation
- CDS
- Congressional Budget Office
- Creditors
- Dean Baker
- Debt Ceiling
- default
- Dennis Kucinich
- Federal Reserve
- fixed
- Greece
- International Monetary Fund
- Keynesian Stimulus
- keynesianism
- Krugman
- Kucinich
- Monetary Policy
- Money Supply
- national security
- Niall Ferguson
- Paul Krugman
- Paul Volcker
- Quantitative Easing
- Sovereign Debt
- Treasury Department
- Unemployment
- Unemployment Benefits
The emergency room doctors are missing the bigger problem ...
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Ron Paul On Holding The President Accountable On Libya
Submitted by Tyler Durden on 06/06/2011 13:39 -0400Last week, more than 70 days after President Obama sent our military to attack Libya without a congressional declaration of war, the House of Representatives finally voted on two resolutions attempting to rein in the president. This debate was long overdue, as polls show Americans increasingly are frustrated by congressional inaction. According to a CNN poll last week, 55 percent of the American people believe that Congress, not the president, should have the final authority to decide whether the U.S. should continue its military mission in Libya. Yet for more than 70 days Congress has ignored its constitutional obligations and allowed the president to usurp its authority....I believe these resolutions and amendments indicate that the tide is turning in the right direction. I am confident we will see Congress move toward ending our unconstitutional wars. The American people are demanding no less. The president's attack on Libya was unconstitutional and thus unlawful. This policy must be reversed.
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Pentagon Warns Of M.A.D. Should The War Powers Act Be Enacted And US Withdraw Its Troops From Libya
Submitted by Tyler Durden on 06/02/2011 14:54 -0400Who says Mutual Assured Destruction is to be used only by bankers: our military leaders appear to have mastered the strategy of getting what they want to warning about all hell breaking loose, just as effectively. Reuters reports that should Congress pursue a resolution to withdraw from the humanitarian Libyian oil liberation force, currently headed by Sarkozy, it would send
an "unhelpful message of disunity" to allies and foes alike. "Pentagon Press Secretary Geoff Morrell said that "once military forces are committed, such actions by Congress can have significant consequences," particularly on relations with members of the North Atlantic Treaty Organization. "It sends an unhelpful message of disunity and uncertainty to our troops, our allies and, most importantly, the Gaddafi regime," Morrell said in a statement in Singapore, where Defense Secretary Robert Gates arrived on Thursday to attend a security dialogue with Asian allies...Kucinich's measure would invoke the 1973 War Powers
Resolution to direct Obama to stop the U.S. participation in the
war. Kucinich says Obama violated the part of the law that
prohibits U.S. armed forces from being involved in military
actions for more than 60 days without congressional
authorization." Kucinich seems to forget that reminding a constitutional lawyer about constitutional abuses is actually racist. And more importantly, what excuse will those hundreds of billions in "defense spending" by the US government have if America's military is relegated to "bankster" status in terms of utility.
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A Guest's Contrarian Take On Dennis Kucinich's Recent Attempt To "End The Fed"
Submitted by Tyler Durden on 12/23/2010 13:58 -0400Dennis wants the power of the Federal Reserve in Congress. His ambitions are actually quite disturbing because he is also pursuing the flawed concept of full employment, but now he has added even grander ambitions - the one thing that the horrible Federal Reserve prevented Congress from doing - creating money for the purpose of spending it. Granted with QE2 in full swing it becomes difficult to make that argument, because buying US debt so that the US Government can continue functioning is essentially the same thing, but at least our total debt grows and Americans are still aware of the cost. With Kucinich's bill this aspect disappears as money will appear whenever Congress wishes it to be so and the value imbued in this money will come through Congress alone - a Chartalist dream come true. - Arkady Kamenetsky
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