A “monetary authority” would be tasked with determining the amount of new money the US Treasury would create each year, if the Program for Monetary Reform (PMR) were implemented.
Archive for the ‘Coffee with Joe’ Category
Coffee with Joe 7-15-10a: PMR Says No to Gold Standard
Further detail about the document from 1939, “A Program for Monetary Reform” (aka PMR). In this episode, Joe and Pete discuss the section on the problems with the gold standard, and what the authors suggest as an alternative, the “standard of stable buying power”.
Coffee with Joe 7-1-10: A Program for Monetary Reform
Joe introduces the rare 1939 document, a proposal for debt-free money (Greenbacks) issue by the Federal Government that specifically addresses the monetary authority that would control the amount of money. It also calls for repeal of Fractional Reserve Banking (money creation by private banks.)
Coffee with Joe 6-25-10: A Disagreement Among Monetary Reformers
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 [...]
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.
Coffee with Joe 5-28-10; How Greenbacks Get their Value
When debt-based money is created through fractional reserve banking, the new money theoretically gets its value from the borrower’s promise to repay, or failing that, the securities that guarantee the loan. Because debt-free currency (the so-called “capital-G” Greenback) isn’t based on a loan, how does it get its value?
Coffee with Joe, 5-20-10: Economic Democracy
Would a debt-free money system be good for the environment? Would it be less likely to promote a war economy than the present debt-based monetary system? Joe says, there’s no guarantee, but at least those things would be possible with reforms like those envisioned in the American Monetary Act.
Coffee with Joe 7-8-10: State Banking?
by Peter on July 8th, 2010
Filed under: Coffee with Joe, Current Events, History | Tags: Alex Jones, analysis commentary, Bank of North Dakota, Bill Still, Coffee with Joe 7-8-10, Joe Bongiovanni, Kettle Pond Institute for Debt-Free Money, Monetary Reform, Nathan Martin, Nathan's Economic Edge, Prison Planet, Program for Monetary Reform, SwarmUSA, Zarathustra Youtube
Pete thanks Zarathustra for typing up the “Program for Monetary Reform” which was highlighted in last week’s Coffee with Joe. Then the conversation moves to Bill Still’s interview with Alex Jones a few days ago. Bill is a founder of the Greenback monetary reform effort SwarmUSA . He says we need to end private money creation, [...]
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