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My brain hurts

Pretty cool to see Nicole and Steve on the same stage.

What the hell is Steve keen doing on this panel?

Host: "Why didn't they get a job after 99 weeks?"

Steve Keen: "Because they didn't swim across to China..."

Zing! The host betraying his "1-percenter" or "MSM" roots? Don't mess with Keen on social issues-- cos he "discovered" the debt crisis when called as expert witness on a predatory lending law suit....

Yep, while many Asian countries still have laws against loan sharks/predatory lending, you actually have to "prove" that predatory lending is a crime in most western countries...

ApocalypticAang 3 months ago

Wow, a panel with a economist/academic, a banker/lawyer and an informed consumer/farmer who know what they are talking about-- and are on the same page!

Only diff being that the American is noticeably, and understandably, more optimistic about America than the Canadian and the Australian...

Too bad the host is a bit too ill-informed/dumbstruck to ask really meaningful questions-- should have let one of the panelist host it and talk amongst themselves.

ApocalypticAang 3 months ago

A National Bank. Now there's an idea. Didn't we have one in Australia? The National Bank Australia! How about a bank for the Commonwealth, like a Commonwealth Bank. Oh we had one of those too.

TheNanoNinja 4 months ago

This has been flagged as spam show

1. End the FED - take back our money from the private Corporation and create our own Treasury Notes, providing 0% interest loans to the Cities, States, Small Businesses, and Students to get our Economy back on it's feet.

2. End the era of PAC influence in Washington, eliminating them entirely.

3. De- Personhood Corporations. They are not people and should not be allowed these privileges .

Will224000 4 months ago

4. Eliminate Fractional Reserve Banking - If a bank does not have the money they will not be allowed to loan it.

5. Re-install Glass- Steagall - separating the function of Savings Banks from Investment Banking.

6. Major Wall Street investment reform that outlaws Derivitives, Short Selling, Hedge Fund, and Algorithmic Trading.

7. Redefine Federal limits back to the Constitution, giving most of it's present powers back to the States, back to pre- Feb. 17, 1871.

Will224000 4 months ago

I am often skeptical about "fixing the economy" which typically means "US economy" as in "fixing the US political system." What if the more relevant question is still "how to adapt my own choices like in my finances and my time and so on?"

144jr144 4 months ago

I think there is a moral bias in at least two of the panelists against the operations of courts and banks. By moral bias, I mean emotional reactivity. Yes, banks (supported by courts and advertising media and so on) may target the masses and entice them to do things like go to casinos and risk everything on mortgages and buy state lottery tickets. Those who are naive or desperate enough to do so may be disappointed with the results then call for revolution. They may get it. It may disappoint too

144jr144 4 months ago

As for the last panelist's comment on MERS, she may not be aware of the long history of lawsuits involving the legal questions she mentioned. In 2004, I sued GMAC in a "quiet title" action in regard to their standing. I was also involved in organizing many challenges to foreclosures and mortgage validity. While there has been some notable success, including when several state attorny generals halted foreclosure proceedings for several companies, she might research the history of "the movement."

144jr144 4 months ago

The 3 panelists' responses to just the first question is intriguing. They all make "good points."

However, no one mentioned the simplest thing. Money is ephemeral mostly because it is a word, a figment of language, a symbol defined differently by legal systems in different times and places.

Court officers say what is lawful money and what is legal tender and what is not. They enforce what they decree with organized violence. Contracts (incl. paper money & most coins) have no value w/o courts.

144jr144 4 months ago

@144jr144 "The 3 panelists' responses to just the first question is intriguing. They all make "good points.""

That's because there are DIFFERENT TYPES of money, just like there are different types of credit/currencies and (central) banking-- if you check up on each of the panelists background/beliefs, you will find that they have very nuanced and hence REALISTIC views on the economy...

Notice that they don't just spout talking points like "this is real money/banking/etc, but that is not"

ApocalypticAang 3 months ago

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