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Rep. Dennis Kucinich, (D-Ohio), explains why the Federal Reserve needs to be under control of the congress, as intended by the founding fathers of the...
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Perhaps the most notable politician who's made a case against the super secret Federal Reserve is Texas Republican congressman Ron Paul.
But look left of the political spectrum.
And you'll find Ohio democratic congressman Dennis Kucinich.
Making nearly the same arguments question -- Republicans and Democrats unite on this front in their pursuit of sound money.
-- -- answers is congressman Kucinich congressman it's a pleasure welcome back to freedom watch.
Judge thank you for the opportunity beyond and thank you for pointing out that Ron Paul and I have actually worked together on this issue.
A challenging the lack of transparency at the Federal Reserve and raising some fundamental questions about our monetary system I.
I think that you you have recognized as well as anyone that the founders never intended that the American economy should be run by a super secret Central Bank.
And -- other banks chosen by this super secret Central Bank how can we stop this.
Well judge.
You are always you -- well known for raising the constitutional issues and in this case.
The power to -- point money is a power that the founders put.
In the hands of the congress right and and what's happened in the 1913.
As you know and as many people know.
The Federal Reserve act.
France added that power.
To and belief that it has since then.
Have been running a banking system.
For their own interest and for the interest of of a few banks as opposed to the broad based interest of the American people.
Okay I understand I think most people watching us now understand.
The libertarian.
Argument against the Fed.
You are a liberal Democrat and a progressive.
Make for us the progressive argument against the Fed not if for auditing it but for abolishing it.
But what I call for specifically.
Is to transfer the -- so it and so the power of the people.
Is returned to the government and putting the Fed under treasury -- -- do that it's -- need to act.
And then the government would just like the Fed creates money out of not -- With -- -- quantitative easing and gives out money to banks and to foreign banks so the government.
Has the ability to be able to.
Invest in our country.
To create millions of jobs to spend the money into circulation so we don't have to borrow from China Japan and South Korea and we don't have to borrow from banks.
We can regain the power.
That -- founders intended us to have.
And so that's you know that's it in a nutshell and I also want to point out.
-- I heard your comments.
About the what I call fractional reserve banking.
I mean banks have the money to -- have the ability to create money out of nothing right and inevitably the people get stuck with the debt.
When their financing schemes collapse if we has not right.
If we had a gold back dollar or we didn't have the Fed banks can only lend money that they had.
They couldn't -- money that they didn't have -- that would get rid of this monster that has create a lot of problems that we have.
And I commend you for you or you -- aggressive pursuit of getting rid of this but what what.
Now when you consider when you consider that money is debt today right and we keep expanding debt we have to look at our ability freight well.
Now you and I should have a longer discussion about a gold standard because I have some concerns I know you and I think I want to say that you.
An M -- a singular position in the media.
Have raised this question a fundamental question about the viability of a monetary policy which undermines our country.
Which puts the wealth in the hands of the few at the expense of the rest of America and I thank you for doing that judgment volatile.
Well thank you congressman -- and it's great to discuss these things sometimes little frustrating as you know.
When we don't see any any movement but what you already a liberal Democrat.
In a congress -- -- which is controlled by the Democrats.
Half of which is controlled.
By the Republicans that you have never feared bucking the orthodoxy of your own party me.
Does Barack Obama won audit the Fed does Nancy Pelosi want to and the Fed you even said of the president was wrong to bomb.
To bomb Libya and and a lot of Democrats agreed with you and and most did.
What's -- like being down there and an iconoclast.
In your own party congressman Kucinich.
I went to congress to represent the people in the Cleveland area and to also be a spokesperson for the American people.
I do with -- without regard to what the dictates of a party might be.
I think that we have to come to a point in America where we do what's right for the country without regard to -- as some political party and I think that does what the American people want.
What are your views on the protesters.
The known generically as Occupy Wall Street and another not in Wall Street on -- all over the country.
-- there real beef be.
With big government giving away money rather than with the banks who have accepted and receive the money.
Welcome frankly there isn't much reform the needs to be done both inside and outside government the Occupy Wall Street movement is an authentic expression.
Of the grassroots concern which is felt all over this country about the wealth America accelerating into the hands of a few.
And thank god we still of Americans who are willing to put themselves on the line.
Poole who will take that constitution.
Which guarantees -- free speech -- -- right to assemble and say that I'm standing here.
And -- and I'm demanding my rights as an American citizen.
And this is what I believe you thank god they're Americans like that you are unique among Democrats defending the constitution from the left congressman Kucinich you know you're always welcome here it's a pleasure thanks for joining us.
Thank you judge the --
