Joe says regardless of whether you call the current money system “fractionally reserved” or “endogenous”, it is still debt-based and, as such, prone to instability. In the reformed monetary system envisioned by the NEED Act, banking is often described as being “fully reserved”, but Joe points out that a permanent public money system renders the [...]
Archive for the ‘Videos’ Category
Outside the Debt-Money Paradigm, Coffee with Joe 12-11-11
Joe and Pete discuss Fractional reserve banking again: Paul Krugman’s article from October, Bernie Sander’s inquiries into the financial crisis, and finally, some 90 year old wisdom from Frederick Soddy.
Occupy the Money System: Coffee with Joe 12-1-11
Joe and Pete survey the changes in the economic and political landscape since their last video; particularly the Occupy movement.
Interview with Yamaguchi at AMI Conference
Joe Bongiovanni interviews the man behind the best economic model of a debt-free money economy, at the American Monetary Institute Conference in Chicago, 10-1-11.
Reforming the Money System to Solve the Debt Crisis
This is a video of Joe’s presentation in Montpelier VT September 14, 2011 (44 minutes).
Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
Joe and Pete discuss an article by Edward Harrison,“What Can the Fed Do?” from the website Naked Capitalism which concludes:”Monetary policy reflation will not work in a balance sheet recession when fiscal policy is contractionary.” Joe knows of a policy option that could address this recession, reform of the money system a la Dennis Kucinich’s [...]
Debt Ceiling and Debt Default; Coffee with Joe 5-26-11
Pete and Joe discuss the confusion about the relationship between the debt ceiling and a sovereign debt default.
The Further Decline of the Debt Money System, CWJ 4-29-11
Joe discusses the week’s communications from two of the great powers of our fraudulent monetary system, Standard and Poor’s, and the Fed.
Bernanke’s Monetary Impotence: Coffee with Joe 3-21-11
Joe asserts that the Fed doesn’t have the proper tools available to them to get money into the M1 and M2 money supply, where it is lacking.
On Liquidating The National Debt Without Inflation
Joe opens a discussion of the new reality brought about by Rep. Dennis Kucinich’s reform proposal under the H.R. 6550, the National Emergency Employment Defense Act of 2010. Under this monetary transformation, there is no need for the national debt and there is no need for inflation in paying it down at maturity. Hopefully, we [...]
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