(Cross posted at EconomicStability.org)

There are three legs in Kucinich monetary reform bill: HR 6550 the National Emergency Employment Defense Act:

1) End the private creation and destruction of money through fractional reserve banking, and replace it with full-reserve banking.

2) Replace money supply with debt-free US dollars issued by the treasury, in an amount specified by an independent monetary commission.

3) Incorporate the Federal Reserve into the US Treasury for supervisory and regulatory expertise. Fed is no longer privately owned.

Vermonters, please call Senator Sanders ((802) 862-0697) and Leahy (1-800-642-3193) and ask them to submit this bill in the Senate when Kucinich submits it this fall. Then, call Peter Welch (802-652-2450) and ask him to co-sponsor in the House.