Archive for September, 2009

Meet Some Monetary Reformers: Bob Poteat

by Peter on September 30th, 2009

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The next in our series of interviews recorded at the American Monetary Reform Conference, 9.27.09, in Chicago is Bob Poteat of Onalaska WA has been a student of the monetary system since the early 1980′s. Here he describes the problems of the boom and bust economy and advocates for US government issue of money as [...]

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Meet Some Monetary Reformers: Ben Dyson

by Peter on September 30th, 2009

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Ben Dyson is a monetary reform advocate from the UK who has been consulting with the American Monetary Institute on what is now being called The American Monetary and Financial Security Act, which Congressman Kucinich has pledged to introduce into Congress. Here, he briefly discusses his views that the cause of the financial crisis is [...]

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“You can either rant, or get results”: meet British monetary reformer Simon Dixon (video interview)

by Peter on September 30th, 2009

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Dixon was one of the most dynamic speakers at the American Monetary Institute’s fifth annual Monetary Reform Conference in Chicago last week, where he presented on the topic: How to talk to Bankers and Students About Monetary Reform. In this interview he discusses how many monetary reformers sabotage their message when they invoke conspiracy theories and blame bankers, claiming: “You can either rant, or get results.”
(To see video, click on “read full article”, below.)

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Reporting Back from the American Monetary Reform Conference in Chicago: Sept. 24-27, 2009

by Peter on September 29th, 2009

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I wasn’t at all sure what to expect. Many of the persons and groups who have diagnosed (correctly, in my mind) the creation of virtually our entire money supply as debt as the principal cause of our current financial instability all too often seem to associate with other ideas that make me uncomfortable, like the Evil Jewish Banker Meme (EJBM), or any of various conspiracy theories (other than my own, of course).

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Breaking News from Monetary Reform Conference

by Peter on September 26th, 2009

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Yesterday, Stephen Zarlenga, director of the American Monetary Institute made a dramatic announcement at the Monetary Reform Conference that Joe and I are attending here in Chicago: Congressman Dennis Kucinich is planning to introduce the American Monetary Act in “the next few weeks.”

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Coffee with Joe 9-23-09: The Fed Profits…

by Peter on September 24th, 2009

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The Fed profits go back to the US Treasury. True enough: $31 Billion in 2008. But the payment isn’t guaranteed and potential liabilities of the “independent” Fed to the US taxpayer are huge.

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Coffee with Joe 9-17-09: A Permanent Money System

by Peter on September 18th, 2009

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Money is created and “extinguished” constantly in our debt money system. That means that if we pay off our debts, the money supply drops. Joe describes how debt-free money issued by the US Treasury would provide a permanent money supply, conferring the benefits of price stability and economic democracy.

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Coffee with Joe 9.11.09: Money Creation and the Bailouts

by Peter on September 11th, 2009

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In the weekly video chat with Pete, Joe Bongiovanni explains the problems with the exponential increase in debt-money creation by the Fed to combat the crisis that is a result of too much debt.

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Coffee with Joe 9.3.09: Full-Reserve Banking

by Peter on September 4th, 2009

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In our weekly webchat, Joe introduces the idea of full-reserve banking (or 100% reserve banking, or 100% Money as Irving Fisher called it.) Full-Reserve Banking is one third of the components of the American Monetary Act (PDF), a draft of legislation that EconomicStability.org recommends to transition our debt-based money system to a debt-free system.

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