Dennis Kucinich is proposing legislation that will:
1) prevent banks from lending money,
2) end Fractional Reserve Banking,
3) make the Federal Reserve a part of the Executive Branch,
4) suggest and insist that hyperinflation be the means by which we pay our bills,
5) puts an artificial limit on the interest rates.
http://www.economicpolicyjournal.com/20 … y-act.html
Translation: Only the government can make loans. These loans will be paid for by creating money. And this power will be vested in the Executive branch of the government.
Further translation: We'll have a monarch.
Well, if this passes, maybe the 2012 prediction for the end of the world WILL come true.
BAD IDEA!!! 1) prevent banks from lending money
GREAT IDEA!!! 2) end Fractional Reserve Banking,
HORRIBLE IDEA!! 3) make the Federal Reserve a part of the Executive Branch,
OH DEAR LORD!!! 4) suggest and insist that hyperinflation be the means by which we pay our bills,
OH DEAR LORD!!! 5) puts an artificial limit on the interest rates.
An ape could have made better suggestions.
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