Archive for the ‘Current Events’ Category
Coffee with Joe 1/14/10: Financial or Monetary Reform?
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.
Coffee with Joe 1/8/10: 1) Iceland’s Taxpayers on the Hook and 2) Geithner has to Go
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 [...]
Coffee with Joe 12/31/09: No Need to Raise the Debt Limit (Part 1) and Geithner Says No Double Dip (Part 2)
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 [...]
Coffee with Joe 12-1-09: Fed Chair Offers Reform
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 [...]
Coffee with Joe: 11.5.09, Part 2, Privileges of the Money Power: Seigniorage and Interest
Joe and Pete discuss where paper money gets its value and argue that the benefits of money creation should be shared democratically.
Coffee with Joe: 11.5.09, Part 1: That Ain’t the Half of It
For one thing, because banks will only be able to lend real money, the depositor will become a much more powerful player than he is now. Taxes will be lower, in part because we will pay for things once, not two to three times over, the way we do with the private money creation system we have now.
Coffee with Joe 10.29.09: Of Debt and Taxes
On the eightieth anniversary of the Great Crash in 1929, Joe and Pete discuss the 3rd quarter GDP report (3.5% growth) in light of continued job losses, how our money system needs the national debt to create our base money supply, and how there could be no national debt if we reformed it. They wax [...]
Coffee with Joe 10.22.09: Is Glass-Steagall Enough?
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.
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?
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