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He did it by nationalizing control of banking so government could create its own interest free money, as required under the Constitution's Article I, Section 8 giving Congress alone the power "To coin Money, (and) regulate the Value thereof." Bankers do it illegally, and that's the problem, so it's crucial to stop them once in for all. No new law is needed to do it.
Enforce the one in place and revoke the 1913 Federal Reserve Act, enacted in the middle of night on December 23 after many in Congress left for Christmas, and others there hadn't read it. It didn't matter as, like today, the language was so vague that only its crafters knew the scheme was to let private bankers usurp money control, in violation of Article I, Section 8. It's time to reverse this ugly chapter once and for all.
In her August 5, 2009 article titled "The Public Option in Banking: How We Can Beat Wall Street at Its Own Game," Brown cites the "litany of abuses (by) profligate banks that nearly destroyed our economic system," and may end up doing it given their reluctance to change and no authority demanding it.
The alternative, she says is "pit(ting) the public banking option against the private (one) and see which works best. My money is on the public option." Why not, it's a sure bet given how badly the private model failed - defrauding the public with the full faith and credit of Washington, its partner in crime.
Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net. Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/.
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