The three legs the Kucinich Bill: HR 6550 the National Emergency Employment Defense Act: 1) End the private creation and destruction of money through fractional reserve banking, and replace it with full-reserve banking. 2) Replace money supply with debt-free US dollars issued by the treasury, in an amount specified by an independent monetary commission. 3) [...]
Archive for the ‘History’ Category
PDF of Yamaguchi’s “Workings of a Public Money System”
Being intensified by the recent financial crisis in 2008, debt crises seem to be looming ahead among many OECD countries due to the runaway accumulation of government debts. This paper first explores them as a systemic failure of the current debt money system. Secondly, with an introduction of open macroeconomies, it examines how the current system can cope with the liquidation of government debt, and obtains that the liquidation of debts triggers recessions, unemployment and foreign economic recessions contagiously.
The NEED Act, H.R. 6550: The National Emergency Employment Defense Act of 2010
Cick here for a PDF of Dennis Kucinich’s brand new monetary reform act.
A True Cause for Celebration !! Champagne with Joe 12-21-10
Joe and Pete celebrate this groundbreaking news: Dennis Kucinich has submitted the first comprehensive monetary reform act to Congress in nearly 90 years: the N.E.E.D. Act, (the National Employment Emergency Defense Act).
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 7-8-10: 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, [...]
1 Comment | Add Yours
See full post