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 ‘Pete’s Blog’ Category
A Solution to the Money Crisis: Joe to speak about Kucinich Monetary Reform Bill in Montpelier Sept. 14
But those of us who dare to dream of a world without war or starvation, where humans and nature find a balance, need to listen to Joe when he says that you can’t have any of those things if you don’t fix the money system.
Comic Relief: Steinbeck’s Frog Standard
“The whole thing was legitimate. Frogs were cash as far as Doc was concerned, the price was standard and Lee had a double profit. He had his five-frog margin and he also had his grocery mark-up. The whole thing hinged on whether they actually had the frogs.” (from Cannery Row by John Steinbeck, 1945)
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?
The Poker Game as Debt-Based Monetary System
To conclude the poker analogy for now, though, I go back to the question: what are the advantages of borrowing poker chips from Bill that they could have created themselves.
Correct Me If I’m Wrong: Pete’s personal blog
This marks the first installment of Correct Me if I’m Wrong, my personal blog here at EconomicStability. To my friends and family who clicked on the link in the email, welcome t
Recent Comments
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11