In this week’s news, former Fed Chair Paul Vocker comes out in support of restoring the Glass-Steagall Act that was created in the 1930′s as a response to the banking crisis of the depression. Joe says it’s a step in the right direction, but not nearly enough.
Archive for October, 2009
The Mother of All Free Lunches
Which would you choose? The money system that confers hundreds of billions of dollars a year to the benefit of the U.S. taxpayer and leaves us with no national debt, or the one that confers $31 Billion a year, maybe, and created our $12 Trillion national debt?
The Poker Game as Debt-Based Monetary System
To conclude the poker analogy for now, though, I go back to the question: what are the advantages of borrowing poker chips from Bill that they could have created themselves.
Coffee with Joe 10.15.09, Bernanke’s Hubris
Joe also expresses his reservations about the Federal Reserve/Federal Express metaphor.
Kucinich Announcement (video): September 25, 2009
Congressman Dennis Kucinich of Ohio announces to the American Monetary Reform Conference in September, 2009, that he will be introducing the reforms outlined in the American Monetary Act this fall, under the new name, The American Monetary and Financial Security Act. (7 min. video: click below left. )
The government? Really?
Ultimately, the Libertarians and Austrians part way with we monetary reformers over who should create the nation’s money supply once the Fed is under Treasury – or abolished – and the banking system has switched to full-reserve lending. They claim t
Correct Me If I’m Wrong: Pete’s personal blog
This marks the first installment of Correct Me if I’m Wrong, my personal blog here at EconomicStability. To my friends and family who clicked on the link in the email, welcome t
Coffee with Joe 10.8.09: International Strategy for Monetary Reform
In this week’s Skype chat, Joe Bongiovanni discusses how the poorer nations need the US and UK to adopt monetary reform before they can. (c. 7 minutes)
“Wealth doesn’t come from a bank…” Monetary Reformer Will Abram
“Wealth does not come form a bank; it does not come from any money manipulation; it comes from us.” In this 6 minute video, Will briefly talks about growing up during the depression in Alberta Canada, before describing Canada’s experience of deb
Meet Some Monetary Reformers: Tommy Gregory 9/27/09
Pete caught up with Tommy Gregory of Clinton MS, a participant at the American Monetary Reform Conference in Chicago. (c. 2 min.) Meet Some Monetary Reformers: Tommy Gregory 9/27/09 from Joseph P Young on Vimeo.
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Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11