[Congressional Record Volume 155, Number 8 (Wednesday, January 14, 2009)]
[House]
[Page H200]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              GAINING CONTROL OF AMERICA'S MONETARY SYSTEM

  (Mr. KUCINICH asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. KUCINICH. Instead of using bailout money to help people save 
their homes, the banks have thwarted $350 billion in TARP funds, have 
used the money to buy other banks and have created a credit freeze. The 
banks have been permitted to pyramid debt out of sight. If we bail them 
out, the government and the corporate state become one and the same.
  The wealth of the Nation is being accelerated upwards. We're moving 
from industrial capitalism to feudal capitalism where the rich get 
richer while 10 million Americans are out of work, while 10 million 
Americans face the loss of their homes and while American manufacturing 
jobs are endangered.
  We have to take control of our money system. Put the Federal Reserve 
under Treasury and the fractional reserve system. We don't have to 
borrow money from banks, putting ourselves deeper in debt. We can 
create the money, spend it into circulation for jobs, health care, 
education, and infrastructure.
  Throughout history, those nations have prospered which have had 
control of their monetary system. I am going to be introducing 
legislation to help effect exactly that.

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