To the young men and women who are braving the overreaction of local authorities to raise their voices against the corruption and manipulation of our nation that emanates from Wall Street: I say to you that your presence is making a difference. You are exercising the right every American holds most dear, the right of freedom of expression, and with that expression you are finally getting the attention of the nation.
Wall Street banks got billion-dollar bailouts but the American people get austerity. Fourteen million Americans are out of work. 50 million people don't have health insurance and a million homes a year are lost to foreclosure. Our policies take the wealth of the nation and accelerate it into the hands of the few.
We need a government of the people and for the people. We need a financial system that is of the people and for the people. It is time we take our nation back and take our monetary system back from the big banks.
I recently introduced H.R. 2990, the National Emergency Employment Defense Act, to put the Federal Reserve under the Treasury, to end the practice of fractional reserve banking and to take control of our monetary policy and make sure it works for the people.
We can use our Constitutional authority to coin money and spend it into circulation to put millions of Americans back to work in a way that is noninflationary. The time for bold change is now.
We are the American people. Our dream of freedom and prosperity is too big to fail.
(Video address here.)