Kucinich - Federal Reserve is paying banks NOT to loan out money

"U.S. Congressman Dennis Kucinich (D-Ohio, 10th District) questions Neil M. Barofsky, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), testifying before the House Committee on Oversight and Government Reform, about interest payments made to banks that keep their TARP funds and other government (taxpayer) bailout money with the Federal Reserve, instead of making loans to struggling Americans (the original intent of the TARP, remember?) The Fed makes generous interest payments to the banks for "parking" their "excess reserves" at the Fed. 

Dennis Kucinich and Ron Paul seem to be two out of a VERY limited number of honest politicians left in this world."


The Federal Reserve also payed money to the European Banks. But the question is, do we really want another system? Are we willing to create another system, baesd on the free market principles? Are we willing to not spend our money buying things we don't need? Are we willing to let go of our fears and just start trading with people, maby in a barter system? Do we want to stay stop, i'm not going to pay another abusive tax that only funds wars and special privileges? In order to create a new system, we have to think differently. 


This system based on paper money will fail. I think it's important to start directly exchanging goods, services, information, etc with other people. At first it will not cover all the needs, but if more and more people join in, there will be more and more exchanges and more and more products and services. Start looking for those communities. If the gouvernments continue to print paper money, there will be more and more inflation. So, the ideea is to stop feeding the curent system and start creating (or join in) another system. The direct exchange of goods could be a solution. The succes depends on how much are we able to change our way of seeing things. I know that there are groups that exchange products directly. Find them, start exchanging, comunicate.


The big corporations, gouvrnments and other factions will be againts such a system but right now there is to much momentum around the world, and the current system can be changed. If anyone has informations about a barter/direct exchange system, send me an e-mail, i'm very interested in this topic. I think this kind of system could be a solution to the economic problems, because it cuts off a lot of undesired expenses. Good day.