Brilliant short satirical video on the official conspiracy theory of 9/11

Dennis Kucinich calls on Congress to disempower the Federal Reserve

Congressman Dennis Kucinich (D-OH), a longtime advocate for reform of the Federal Reserve (like fellow Congressman Ron Paul (R-TX)),  sharply criticized the Federal Reserve today after Bloomberg News reported that the Federal Reserve secretly committed nearly $8 trillion in support to American and international financial institutions during the 2008 bailout. See Kucinich address HERE.

 

Before going to the floor of the House of Representatives to call upon Congress to reclaim its Constitution primacy over monetary policy,  Kucinich recorded a video for his website HERE.

 

“The Federal Reserve extended extraordinary support to financial institutions that crashed the economy with reckless speculation, and on that support many of the firms made billions in profit and paid obscene bonuses. The Fed asked for nothing from these firms in return and that is because the Federal Reserve works first and foremost for the welfare of private financial institutions, not the American economy.

“The message that emerges from these revelations for Americans who have lost their jobs, lost their homes, or watched their retirement nest eggs disappear is that we have unlimited resources available for the banks, but nothing for the American people,” Kucinich stated.

 

The Bloomberg report is the result of a court-ordered release of over 29,000 pages of Federal Reserve documents and records of more than 21,000 transactions. Through direct lending, loan guarantees and enhanced lending limits, the Federal Reserve supported national and international financial firms with as much as $7.77 trillion as of March 2009. The $7.77 trillion provided dwarfs the $700 billion Troubled Asset Relief Program (TARP) cap mandated by Congress.  

 

Congressman Kucinich introduced legislation that would impose transparency on the Federal Reserve. The National Emergency Employment Defense (NEED) Act, HR 2990, would incorporate the Federal Reserve within the United States Treasury. The bill would establish fiscal integrity, reassert Congressional sovereignty and allow the federal government to correct crippling national deficiencies in infrastructure repairs and education nationwide by spending money into circulation without increasing the national debt or causing inflation. Learn more about the NEED Act here.

 

Michael Moore on next steps for the OWS movement

(These passages extracted from his newsletters)

The national conversation has been irreversibly changed. Now everyone is talking about how the 1% are getting away with all the money while the 99% struggle to make ends meet. People are no longer paralyzed by despair or apathy. Most know that now is the time to reclaim our country from the bankers, the lobbyists -- and their gofers: the members of the United States Congress and the 50 state legislatures. … 
The winter gives us an amazing opportunity to expand our actions against the captains of capitalism who have occupied our homes with their fraudulent mortgage system which has tossed millions of families out onto the curb; a cruel health care system that has told 50 million Americans "if you can't afford a doctor, go F yourself"; a student loan system that sends 22-year-olds into an immediate "debtors' prison" of working lousy jobs for which they didn't go to school but now have to take because they're in hock for tens of thousands of dollars for the next two decades; and a jobs market that keeps 25 million Americans un- or under-employed -- and much of the rest of the workers forced to accept wage cuts, health care reductions and zero job security. 

But we in the Occupy Movement reject this version of the "American Dream." Instead, I suggest we shift our focus for this winter to the following actions:

1. Occupy Our Homes. Sorry, banks, a roof over one's head is a human right, and you will no longer occupy our homes through foreclosure and eviction because well, you see, they are our homes, not yours. You may hold the mortgage; you don't hold the right to throw us or our neighbors out into the cold. With almost one in three home mortgages currently in foreclosure, nearing foreclosure or "underwater," the Occupy Movement must form local "Occupy Strike Forces" to create human shields when the banks come to throw people out of their homes. If the foreclosure has already happened, then we must help families move back into their foreclosed homes -- literally (see this clip from my last film to watch how a home re-occupation is accomplished). Beginning today, Take Back the Land, plus many other citizens' organizations nationwide, are kicking off Occupy Our Homes. please remember the words of Congresswoman Marcy Kaptur of Toledo (in the film 'Capitalism: A Love Story'): “Do not leave your homes if the bank forecloses on you! Let them take you to court and then YOU ask the judge to make them produce a copy of your mortgage. They can't. If they can't produce the mortgage, they can't evict you.”

2. Occupy Your College. In nearly every other democracy on the planet, students go to college for free or almost free. Why do those countries do that? Because they know that for their society to advance, they must have an educated population. Without that, productivity, innovation and an informed electorate is stunted and everyone suffers as a result. This has to end. Students should spend this winter doing what they are already doing on dozens of campuses -- holding sit-ins, occupying the student loan office, nonviolently disrupting the university regents meetings, and pitching their tents on the administration's lawn. Young people -- we, the '60s generation, promised to create a better world for you. We got halfway there -- now you have to complete the job. Do not stop until these wars are ended, the Pentagon budget is cut in half, and the rich are forced to pay their taxes. And demand that that money go to your education.

3. Occupy Your Job. Let's spend the winter organizing workplaces into unions. OR, if you already have a union, demand that your leaders get off their ass and get aggressive like our grandparents did. For chrissakes, surely you know we would not have a middle class if it weren't for the strikes of the 1930s-1950s?! In three weeks we will celebrate the 75th anniversary of the workers in my hometown of Flint, Michigan taking over and occupying the General Motors factories for 44 days in the dead of winter. Their actions ignited a labor movement that lifted tens of millions out of poverty and into the middle class. It's time to do it again. (According to the Census Bureau and the New York Times, 100 million Americans either live in or near poverty. Disgraceful. Greed has destroyed the core fabric of our communities. Enough!) Here are two good unions to get your fellow workers to sign up and join: UE and SEIU. The CWA are also good. Here's how to get a quick primer in organizing your place of employment (don't forget to be careful while you do this!).

4. Occupy Your Bank. This is an easy one. Just leave them. Move your checking and your credit card to a nonprofit credit union. It's safe and the decisions made there aren't based on greed. And if a bank tries to evict your neighbor, Occupy the local branch with 20 other people and call the press. Post it on the internet.

5. Occupy the Insurance Companies. It's time to not only stand up for the 50 million without health insurance but to also issue a single, simple demand: The elimination of for-profit, privately-controlled health insurance companies. It is nothing short of barbaric to allow businesses to make a profit off people when they get sick. We don't allow anyone to make a profit when we need the fire department or the police. The same should be true for when you need to see a doctor or stay in the hospital. It's long overdue for us to Occupy the insurance company offices, the pharmaceutical companies' headquarters and the for-profit hospitals until the White House and Congress pass the true single-payer universal health care bill they failed to pass in 2010. This is what is needed.