How to create money out of nothing

Dennis Kucinich explains how the Federal Reserve created 7.7 TRILLION out of nothing, allowing many big banks to profit while starving ordinary Americans of capital. This is a dramatic illustration of why there are Occupy protests. Kucinich is promoting the "Need Act "to reign in the Fed: "to restore the authority of Congress to create and regulate money, modernize and provide stability for the monetary system of the United States, retire public debt and reduce the cost of public investment, and for other public purposes." Here's a more detailed description of the proposed "Need Act." It attempts to accomplish the following: 􀂾 Puts the Federal Reserve (Fed) into the Department of Treasury (Treasury) to make our monetary policy truly accountable to Congress and the American people. 􀂾 Ends the banks’ special privilege by no longer allowing them to create our money supply when they make loans, through a simple and non-disruptive accounting change. 􀂾 Invests money to renew our crumbling infrastructure, making it fit for the 21st Century; creating real wealth and millions of good jobs at the same time.

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Inventor says police are abusing weapons-grade pepper spray

From Democracy Now:

We speak with Kamran Loghman, the expert who developed weapons-grade pepper-spray, who says he was shocked at how police have used the chemical agent on non-violent Occupy Wall Street protesters nationwide — including students at University of California, Davis, female protesters in New York City, and an 84-year old activist in Seattle. “I saw it and the first thing that came to my mind wasn’t police or students, it was my own children sitting down having an opinion and they’re being shot and forced by chemical agents,” says Loghman, who in the 1980s helped the FBI develop weapons-grade pepper -spray, and collaborated with police departments to develop guidelines for its use. “The use was just absolutely out of the ordinary and it was not in accordance with any training or policy of any department that I know of. I personally certified 4,000 police officers in the early ‘80s and ‘90s and I have never seen this before. That’s why I was shocked... I feel is my civic duty to explain to the public that this is not what pepper spray was developed for.”

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The lack of a bad thing is a good thing . . .

Not that I'm feeling down in the dumps, but if I were, I have a method for pulling out of a bad mood. A couple years ago, I wrote a post titled, "I know that I am wealthy when I consider my lack of misfortune." The general idea is that we should appreciate that the lack of misfortune is fortune.  The lack of a bad thing is a good thing. It occurred to me today that we have easy access to vast checklists of misfortune, and that it can make one feel lucky, indeed, to consider all the ways in which one is not medically unlucky.  One example is the type of form you are handed when you go to a doctor for the first time, wherein you are asked whether you have any of the following conditions, followed by things such as cancer, heart attack, diabetes, abscessed tooth, Alzheimer's, hepatitis, pancreatitus, and it goes on and on.   Though I do put a couple of check marks into the boxes, there are thousands of medical conditions that I don't have, which makes me lucky indeed. I'm lucky in other ways, because I don't struggle with any known psychological conditions, and there are hundreds of these too.  For instance, I don't suffer from bipolar disorder, hypochondriasis, kleptomania or any conditions on this long list. I am not required to take anti-depressants.  I'm happy to get out of bed each day.   I don't hate my job, my neighbors or my city.  I'm even appreciative of my country, though things are out of balance.  I appreciate that there are ways to make things better regarding my country. But I'm even luckier.   I don't struggle to keep any addictions in check, and this list is also extensive, including such things as gambling, OCD, drugs, alcoholism, and coin collecting . . . coin collecting???? I appreciate that I don't wake up with an urge to go to a casino or to get drunk.  Really and truly, and I've never had any such urges. I'm also lucky that I'm not unemployed in this bad economy. And though it is 13-years old, my car is working well. And my roof is not leaking.   Hoodlums aren't chasing me down the street at the moment.  I didn't just get bit by a brown recluse spider.  No warmongering superpower is dropping bombs anywhere near my house.  The electrical service is working well, allowing me to use this computer.   My kids are not failing out of school.  My city is not bankrupt.  I am not currently a victim of identity theft.  The pipes in my house are not leaking.  No neighbors are blasting their stereos outside.  I don't worry about hurricanes and earthquakes and tornadoes (though maybe I should worry about the latter two).   The lack of each of these bad things is truly a good thing for which I am thankful. Bottom line is that whatever it is that any of us has to deal with, it could be a lot worse, and a quick review of long lists of disorders and dyfunctions shows us how much worse things could be. Perhaps this post could be said to constitute some sort of skeptics prayer .. .

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