Pete points out a disagreement among Greenback (debt-free money) monetary reformers. The AMI’s American Monetary Act bans fractional reserve banking (money creation by private banks) altogether, whereas the Swarm USA movement allows it along with government issue of Greenbacks. Joe sides with AMI and director Stephen Zarlenga on the policy, but hopes the AMI annual [...]
Archive for June, 2010
Coffee with Joe 6-17-10: Fed Presidents Speak Out
This week in Congress: financial reform. Regional Fed presidents from Dallas, St. Louis, and Kansas City oppose the Obama administration.
Coffee with Joe 6-10-10; Frederick Soddy
Soddy won the Nobel Prize in chemistry in 1921, then turned his attention to a scientific approach to money and the economy. Joe recommends we spend some time getting to know him. Arian Nevin’s website is a good place to start.
Coffee with Joe 6-7-10: The Haircut
Toxic assets (financial derivatives based on sub-prime and other mortgages) have never been marked down to their true value (mark-to-market). Joe suggests that it is time for some haircuts, and that the sovereign governments should be the barbers, as part of the exit strategy from the broken debt-money system.
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