Monetary Reform

Monetary Reform Playlist
http://www.youtube.com/view_play_list?p=BDD289CA10E3DFC2

Paul Gringnon's Money as Debt explains exactly how our debt-based monetary system works.

Joe Bongiovanni's Monetary Reform Talk explains the history of public money and introduces us to the concept behind The American Monetary Act.

Steven Zarlenga tells us how the American Monetary Act works and explains why money should be for people not banks.

Dennis Kucinich is sponsoring the American Monetary Act.

Ron Paul is sponsoring the Federal Reserve Transpaerency Act. Currently, the Federal Reserve, a PRIVATELY OWNED central bank has no obligation to tell anyone anything about their monetary activities.

Category:

People & Blogs

Tags:

• American
• Monetary
• Act
• Federal
• Reserve
• Transparency
• Steven
• Zarlenga
• Dennis
• Kucinich
• Ron
• Paul
• reform
• money
• as
• debt
• Gringnon
• Joe
• Bongiovanni

[1000jrb]

I need to look into this more. I agree that the current monetary system is flawed and is unsustainable, but the playlist had a couple skeptical red flags that caught my attention. Even though it is not directly said, there is an implication of conspiracy  & in the animation there was a reference to Lucifer and 666. Do you have any book recommendations on the subject?

[zthustra]

I have a difficult time finding good videos made by people who aren't just a bit on the conspiracy nut side. I've watched this video a couple times in teh last year or so and I don't recall seeing the Lucifer and 666 stuff, but I'll take your word for it. We really need good educational material that doesn't stray from the subject but humans invariably add their bias.

[1000jrb]

I agree that good sources are hard to find. I thought overall the video playlist did a good job of laying out the history and how the current system works. I don't know if we should be looking backward for solutions, but there certainly needs to be a real & honest debate on this subject to get all the facts on the table. Keep up the good work Z.

[zthustra]

I like your point about looking backwards! The real value of conservatism isn't clinging to the past, but learning from it. Perhaps at the turn of the next century, our grandchildren will live in a less populous world with a resource constrained economy. What they call money will be different.

I added some vids by shanedk at the end. The guy is absolutely awesome! Although I'm not into clinging to gold and silver as the only or best money or even unrestrained free market money.

[joebhed]

If you use the term greenback jingoistically, then you are right because the PRIVATE BANKERS are printing it by the Trillions today, just like my Dad warned me 40 years ago.

But if you mean Greenbacks as in real-dollars, well, the GOVERNMENT authorized $450 M and they printed $450 M.

So, ...... ????

You should read Chap. 16 of The Lost Science of Money.

[joebhed]

In case you haven't noticed, this is EXACTLY what the private Fed bankers have done to you already - and to ALL Americans.

Can you say Fed INDEPENDENCE ?

Yes, you can.

But you cannot say government independence, because they owe it to us, and not the bancorporations.

[zthustra]

I'm once again amazing to realize that ALL of the money, including the estimated/unreported M3 would only just pay off the federal government debt and wouldn't be enough to cover state and local debt too, let alone commercial debt and consumer debt. That's one of the biggest problems with debt-based money!

[zthustra]

During fiscal year (FY) 2009, the Bureau of Engraving and Printing produced approximately 26 million notes a day with a face value of approximately $907 million.

95% of the notes printed each year are used to replace notes already in, or taken out of circulation.

Coins and notes account for $28.5 billion of the estimated $14 trillion in total money supply. Notes are less than 0.2% of money and can't really be used to expand money supply.

[TheAtheistPaladin]

How fast can you print it? :P

[zthustra]

Amen! I'm glad you posted the comment that you did. Many people fail to understand that gold and silver are tokens. They just happen to be expensive tokens. It is like printing money on linen instead of schoolbook paper and using better ink press instead of a copy machine.

The green back was successful in its day for the same reason that gold and siver were in theirs. It allowed money to expand enough, but it limited the quantity by required actual tokens.

What limits it now? Consumption?

[fatrat600284]

That was a great interview thanks for sharing. The thing is if and when a crisis happens you will have the people who go in to survival mode and then you have the people who try and solve the problem. Are survival depends on the ones who try and solve the problem and how many we can get together. The sad thing is every time i think of some big crisis (war,oil depletion,large scale natural disaster etc.) I see the out come as us just dieing off.