A series of videos rebutting the criticisms presented in The Dangers of Monetary Reform at the Libertarian/Austrian von Mises website.
Part 1: Introduction, in which Pete lists the legitimate topics for discussion:
Part 2: Constitutionality
More to come soon…
Joe suggests there is one tool they don’t seem to be aware of: reform of the debt-based monetary system, along the lines suggested this week on Fox by Congressman Dennis Kucinich.
Dennis Kucinich pushed the idea of reform of our debt-based monetary system on Fox yesterday. It’s a paradigm breaker for the host.
Watch the latest business video at video.foxbusiness.com
Joe discusses the concept of monetary sovereignty, and relates it to the issues of the debt crisis in Greece and the other PIIGS countries, also the US Supreme Court decision declaring campaign finance limits unconstitutional, and Bernanke’s exit strategy.
Joe takes to task a group of progressive Democrats for advancing the myth that what we call deficits are a burden to, rather than an advancement of, economic prosperity. Joe uses the words of Thomas Edison to show that by embracing the concept of monetary sovereignty we are capable of breaking the yoke of the debt-industrialists of fractional-reserve banking and their shadow-banking kin.
Joe contends that the debt-based monetary system is what is broken, and financial reforms (like reinstating Glass-Steagall) will only delay the eventual collapse of the economy, not prevent it like monetary reform would.
In Part 1 this week, Joe and Pete discuss efforts by UK Prime Minister Gordon Brown to hold the taxpayers of Iceland responsible for the poor investments made by the private Icelandic bank, Landesbankinn (Icesave in the UK and Netherlands.)
In Part 2, Joe asserts that Tim Geithner did not represent the interests of the American [...]
In Part 1, Joe and Pete discuss Congress raising the debt limit on Christmas Eve and how monetary reform could eliminate the national debt altogether.
Part 2 addresses Treasury Secretary Tim Geithner’s assurance in an interview on National Public Radio on Dec. 23, that:
“We’ll do what is necessary to prevent (a second wave of financial crisis). [...]
In this Washington Post article from Sunday, Nov. 29, 2009:
Fed Chair Ben Bernanke criticizes currents attempts to reform the Federal Reserve, like Ron Paul’s Fed Transparency Bill (HR 1207) which moved out of House committee last month. He also defends the transparency of the Fed, and threatens inflation if there is any compromise to [...]
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