....... Ending the Financial Crisis For Good

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Mosler on the 7 deadly frauds

This pdf file will blow your mind as you follow the money and find out how our monetary system really works.

Hudson on of our current system of financial parasites.

There's four more videos of this talk here: Part 2, 3, 4, 5

Back from the AMI conference- Economic Stability

The Legalised Theft of Australia's Money System- Jeremy Lee

See Parts 2-6 here

A Mathematically Perfected Economy

Richard Cook has a new video series!

Coffee With Joe- More from the 1939 "Program for Monetary Reform

Bill Still releases the financial reform movie "The Secret of Oz" for FREE!

Bill Black at AMI Conference
Hero from the S&L Crisis, William Black speaking at the AMI Conference last year. This year's American Monetary Institute Conference will be held in Chicago Sept. 30 - Oct. 3, 2010

The Commonwealth Bank was able to achieve so much with so little because its first Governor, Denison Miller, and its first and most ardent proponent, King O’Malley, had both been bankers themselves and knew the secret of banking: that banks create the “money” they lend simply by writing accounting entries into the deposit accounts of borrowers.

This banking secret was confirmed by a number of early banking insiders. In a 1998 paper titled “Manufacturing Money,” Australian economist Mike Mansfield quoted the Rt. Hon. Reginald McKenna, former Chancellor of the Exchequer, who told shareholders of the Midland Bank on January 25, 1924, “I am afraid the ordinary citizen will not like to be told that the banks can, and do, create and destroy money. The amount of money in existence varies only with the action of the banks in increasing or decreasing deposits and bank purchases. We know how this is effected. Every loan, overdraft or bank purchase creates a deposit, and every repayment of a loan, overdraft or bank sale destroys a deposit.”

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The Joke Known as Financial Reform

More coffee with Joe

The Most IMPORTANT Video You'll Ever See
This morning I was thinking about how the vast majority of people think that growth is always the solution to our problems. Growth is great....to a point. The Fed's Ponzi scheme of always-growing debt worked great....till it didn't and now we have to deal the consequences. As Prof. Barlett says in this video: "The greatest shortcoming of the human race is our inability to understand the exponential function."

State-Owned Banks: The REAL Tea Party

State-Owned Banks: Putting Money Back in the Hands of the People

Michigan has an unemployment rate of 14 percent, and has been particularly hard hit by the economic downturn. Verg Bernero, Mayor of Lansing, the state’s capital, and a leading democratic candidate for governor, proposes to relieve the state’s economic ills by opening a state-owned bank. He says the bank could protect consumers by making low-interest loans to those most in need, including students and small-businesses; it could also help community banks by buying mortgages off their books and working with them to fund development projects.

Bernero’s proposal should be seriously considered given the political state of the nation right now since Republicans and Wall Street have combined forces to impede any possibility of the Obama administration fixing the economic problem created by their recklessness. Their strategy is to dictate by stalemate, the Party of “NO,” using that filibuster! Consequently, Bernero’s words ring even louder “Hundreds of jobs-creating projects are still on hold because Michigan businesses and entrepreneurs cannot get bank financing. We can break the credit crunch and beat Wall Street at their own game by keeping our money right here in Michigan and investing it to retool our economy and create jobs.”


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Bill Still interviews Karl Denninger- 

Take away the banks' licence to print money
I am one Torontonian who was bitterly disappointed by Canada's attempt to lead the world through the G20 group of leaders. Apart from putting our city through a kind of hell for three days, the "victory," if there was one, was not for the people of the world. It was a confirmation of the supremacy of Wall Street and of the fact that Mammon rules the world.

What was missing at the G20 was any meaningful discussion of why the banking industry was able to get the world into such a mess and how to keep it from reoccurring. Especially when, as U.S. economist Jeffrey Sachs recently told a London audience, "Wall Street has had the most profitable year in its history. It made profits of $55 billion," thanks to bailouts and low interest rates. "Bankers are brazenly smirking as they pocket large amounts of our money," he said. And the most the G20 could agree on was to give them a green light to keep on doing it.

The world monetary and banking system that left tens of millions unemployed in Canada, the U.S., Europe and elsewhere, and eroded the retirement wealth of a whole generation, is a disaster and must be fixed for the benefit of all. You would think G20 leaders would get the message after 25 recessions and depressions since 1890. Apparently not; we are doomed to struggle with more of the same.

The real source of the problem is a privately owned money-manufacturing monopoly that creates virtually all the new money as debt, of which there is so much that the real economy is about to drown in it. But there is a quick and simple fix with a Canadian precedent to support it.


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Coffee with Joe 7-1-10: A Program for Monetary Reform