The NEED ACT by Dennis Kucinich

This is the best bill I have seen in a long time. It would effectively end the Federal Reserve System, put the creation of money back into Congress and the Treasuries hands, get rid of our debt-based currency and replace it with a wealth based currency. This is a return to our constitutionally mandated monetary system. I can not stress this bills importance enough. If this bill was to pass (doubtful) we would have a mandate to maintain our currencies value instead of having a 2% inflation mandate that the Fed seems to think it has. Having a wealth based currency that would maintain the value of our currency would mean that money earned now would have the same value 20 years from now. It would mean that lower and middle class families would have savings accounts that actually grow in real terms.

The Need Act

Its time for people like Ron Paul and Rand Paul, along with other "libertarians" or "Austrian's" to show that they are true to their word by voting for this bill.

I will do a more in-depth rundown of why this is needed in a few days, but I am still reading through parts of it.

Have Big Banks Paid Back TARP? NO

There is a common theme that has been surfacing for the past few months that Tarp made us some money. Since TARP was a loan program that big banks are suppossed to pay back the thought is that we have recieved our money back and then some. This is not true. Yes it is a loan program, but it has not been paid back (not even close) and the parts that have been paid back to us have been paid back with our own money.

TARP gave out over 607 Billion to over 900 recipients. We have received a little over 202 Billion back to us.

Here is the list of banks that received money and how much they have paid back
Bailout-Propublica

Also, of the banks that have paid us back.....

How did you get the money to pay us back?

Market Manipulation?  Yes

Borrowing from the government and getting money on the bond spread?  Yes

The money that has been paid back to us has been done so through our money. We loan banks money at 0-1% and they turn around and purchase Bonds from our government at 3-4%. This is where the money that was paid back came from. Our money loaned out to banks, which was then loaned back to us and we pay a margin to the banks, who then pay us money back on TARP. These banks have not made money and then paid us, they have paid us with our own money.

Also, on the market manipulation

This is where the rest of the money comes from. Using High-Frequency Trading banks manipulate markets thus causing you and I to lose money on our stock purchases. This money that was taken from us through COMPLETELY ILLEGAL means is then paid back to us through TARP. It is not banks paying back any of the funds that have come back to us through TARP, it is you and I that have paid money into TARP.

Silver market manipulation explained

The Goldman Sack Blows The Whistle On The JP Morgue Silver Manipulation Scheme