Fixing the Economy - Ellen Brown, Nicole Foss, Steve Keen, Aaron Wissner

http://sustainabilityconference.org

Nicole Foss (Stoneleigh) of The Automatic Earth, Ellen Brown of Web of Debt, Dr. Steve Keen of Debunking Economics and Aaron Wissner of Local Future sit down for an hour to talk about what is going on with money, debt, the economy and how to fix it.

To learn about the upcoming conference, visit:

http://sustainabilityconference.org

Category:

Education

Tags:

• money
• debt
• credit
• economy
• economics
• crisis
• finance
• speculation
• housing
• markets
• Steve
• Keen
• Steve Keen
• Nicole
• Foss
• Nicole Foss
• Ellen
• Brown
• Ellen Brown
• Aaron
• Wissner
• Aaron Wissner
• local
• future
• Local Future
• occupy wall street
• occupation

[ClearSmashDrop]

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

[lukegranger89]

What the hell is Steve keen doing on this panel?

[ApocalypticAang]

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]

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]

@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"

[TheNanoNinja]

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.

[Will224000]

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.

[144jr144]

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]

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]

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."