In this installment, Pete and Joe discuss a common criticism of Full-Resertve banking (100% reserves)—that there wouldn’t be enough money for the banks to loan if they couldn’t create money through the fractional reserve “money multiplier.”
Archive for the ‘Coffee with Joe’ Category
Coffee with Joe 8-17-10; PMR 100% Reserves and the Consumer
In this installment, Pete and Joe discuss how Full-Resertve banking (100% reserves) would effect the consumer. (Hint: you couldn’t withdraw cash from a savings account at the ATM).
Coffee with Joe 8-12-10: PMR Debt-Free, Government Money
In this installment, Pete and Joe discuss the PMR’s recommendation that the Federal Government issue the money debt-free after repealing fractional reserve banking, then contrast it to the American Monetary Institute’s proposed legislation.
Coffee with Joe 7-24-10: PMR 100% Reserves
Further detail about the document from 1939, “A Program for Monetary Reform” (aka PMR). In this installment, Pete and Joe discuss the PMR’s take on the alternative to fractional reserve banking, full-reserve banking, aka 100% Reserves, or as PMR co-author Irving Fisher titled his book, 100% Money.
Coffee with Joe 7-22-10: PMR Criticism of Fractional Reserve Banking
Further detail about the document from 1939, “A Program for Monetary Reform” (aka PMR). In this installment, Pete and Joe discuss the PMR’s take on fractional reserve banking.
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 7-8-10: State Banking?
by Peter on July 8th, 2010
Filed under: Coffee with Joe, Current Events, History, Videos | 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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