Stephen Zarlenga works with Rep. Kucinich on The American Monetary Act, designed to resolve the banking crisis. This clip from a longer film defines 3 steps: In addition to nationalizing the Fed. and removing the power of banks to create money as debt out of thin air, the Act reminds us of the Constitution, Article I, Sec. 8, that states that our government has the sovereign power to issue money and spend it into circulation. Whatever you think about point 3 - the government could not possibly do any worse than the banks.
Alternativ för att dela ut statliga skuldpengar till bankerna:
WHAT IF just 3 trillion of the bailout money had gone to the people instead of banks? With $9,800 per person mortgages would be paid, cars bought, and jobs maintained. There would be no financial crisis. Why do only banks, who caused the crisis, get free money from the very people they have hurt?