Thursday, December 10, 2015

Finding the Money

The Constitution granted Congress the power to create Money
Building Community Infrastructure 



The Constitution granted Congress the power to create Money   Under pressure from the Bank Lobby the Congress gave that power to the Federal Reserve System and to Corporate Banks  That delegation of Power to entities outside of Government allows the accumulation of most Monetary Reserves into the Hands of  the Oligarch of the Wealthy.  That was our greatest mistake in defending Democracy and the well being of the people

The Federal Reserve Banks alone should create all new money and finance all Government Debt free of interest.  Taxpayers should never be force to pay Corporate Banks to use a power that the Constitution never gave them.  Banks should only be allowed to lend money belonging to depositors, shareholders, and money borrowed from the Reserve.

The Congress alone has the power to decide if and when and how money is to be spent.  Allowing only a Government institution to create money in no way restricts the power of Congress to control spending.  It only allows Congress  to have a Tax[interest]free source for the money it needs to build the Nation and provide for the needs of the citizen.




William Hodge

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