I wrote of Claremont Colleges’ conference on credit and monetary reform, emphasized in importance from CNSNews noting escalation of US national debt to nearly triple its total from 2001 ($5.7 to $15.7 trillion). Monetary and credit reform can be understood with three simple areas of facts taught in basic economics: The US does not have […]
This is my paper for The Center of Process Studies’ conference, Money-Creation in a Finite World (free and open to the public, April 10-12, 2012; Claremont Colleges, CA): Money and credit as public services for full-employment, optimal infrastructure, ending debt slavery:Epic proponents, related history of US government and corporate media, partnership for Occupy victory It’s divided into these […]
In addition to the fees they charge for loans, fees (often 20+%) they charge on credit cards, fees they charge for checking accounts, Bank of America, J P Morgan Chase, U S Bancorp, Citigroup make $20.5 billion off of the use of debit cards. This $20.5 billion is “free money.” The debit cards automatically transfer […]
This deserves a bigger article, but it is too important to beleaguer. First, the Cost of Living Index must be reconfigured. For the umpteenth time I have heard how food prices have not gone up. I do not know what foods they look at, but I know I am paying more. On a lot of […]
It started with someone praising Donald Trump for saying that the first thing he would do is put a tariff on Chinese goods if he was to be elected President. And I replied… NO, A THOUSAND TIMES NO. The problem with the items from China is not that the jobs are going there. They have […]
Private Foundations spend Billions to Gussy up the Model Home of Education: Locke High School As Sam Dillon writes at Larry Miller’s blog about Locke High School, now a wholly owned retail charter chain of Green Dot ‘public’ schools: “As recently as 2008, Locke High School here was one of the nation’s worst failing schools, and […]
engage in comments at source. Tim Madden is an economist with expertise on credit and banking. Tim and I are colleagues in lobbying government for public banking, with concentration in the US for state-owned banks (and here). The structural solutions to our economic controlled demolition are obvious and simple; and explained beautifully by many of […]
Aletho News | February 25, 2010 Obama’s provision of $54 billion in loan guarantees to the nuclear industry will cost Americans much more than the probable 50% default rate that the Congressional Budget Office anticipates. While the federal government will guarantee the profits of investors, rate payers will suffer the inevitable rate hikes. Higher electric […]
People are dying in Haiti because they can’t get out, Dr. Green said. Shala Dewan, New York Times, January 29 Many of us wanted to think that the dreadful behavior during the Bush administration was some sort of aberration. We had a relatively clean election and ended up with a more intelligent and compassionate president […]
Department of Energy Hands Over Billions of Dollars to ‘Poster Child for Cost Overruns’ Nuclear Power Industry is Perfect Illustration of Why Taxpayers Are Saying “No More Bailouts!” - Billions for Plant Vogtle Reactors Impossible to Justify in Terms of Rising Financial Risks, Reduced Demand for Power, Cheaper Renewables and Huge Potential of Energy Efficiency […]