Reform the Money

Michael Hudson — "THE AMERICAN MONETARY ACT" Solving the Financial Crisis by Monetary Reform at home and abroad Dr. Michael Hudson addresses the need for monetary reform at home and abroad and gives historical context to this need. See the article mentioned in Dr. Hudson’s speech here. For more information on the American Monetary Act being introduced into Congress visit the American Monetary Institute website, where you also can find information on the monetary conference coming up in Chicago on Sept 30, 2010. A American Monetary Institute Production from 2006, but still extremely relevant today. The Economic Collapse Teach-in encompases upon some of the most highly controversial an crucial subjects of our day—the collapsing economy, the Federal Reserve, the Banks, Wall Street, financial fraud, forclosures, homelessness, unemployment, workers rights, unions, trade agreements, etc. We scour the world to find and gather debates and presentations that are extremely informative and educational. Related subjects are also discussed. It provides key information for the uninitiated and the initiated alike. Download Michael Hudson's website is: http://www.michael-hudson.com Source: noliesradio.org Aired: 9/11/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

"Monetary Reform" with Stephen Zarlenga, founder of The American Monetary Institute, author of The Lost Science of Money - The Mythology of Money - the Story of Power. Stephen Zarlenga has over three decades of practical experience in the world of finance and spent over twelve years doing the historical research to write his book. The final chapter is the solution he offers based upon his knowledge and understanding of money, and the failures of past attempts at monetary reform. His idea has been written into legislative language which should someday come before Congress. He believes that daunting though the struggle may appear, we must not give up because our future depends on changing our deeply flawed monetary system. They have organized excellent conferences, where experts, and researchers have pooled their knowledge and expanded awareness on the need for reform. He condemns most economists for obscuring the basic facts about money, how it is created, its structural flaws, which transfer wealth from the many to the few. He believes that governments not banks should create money, that the Federal Reserve should be nationalized, that private banks should not be allowed to create money out of thin air, siphoning wealth from others, and that governments have the right to create money and should spend it into existence on infrastructure projects that benefit people. The Green Party's National Committee working on monetary and economic policy matters have approved an historic, comprehensive Monetary Reform Plank in their 2010 Platform which includes all three of the necessary elements to achieve real reform that the American Monetary Institute has pushed for in its proposed American Monetary Act. The 6th Annual AMI Monetary Reform Conference will be held Sept. 30 - Oct. 3rd in Chicago. Speakers include- Prof. Michael Hudson, author, Super Imperialism and Global Fracture; editor, Debt and Economic Renewal in the Ancient Near East; distinguished Professor of Economics, University of Missouri, Kansas City, and Chief Economic Advisor to the 2008 Kucinich for President campaign. Dr. Hudson was the first to publicly identify the mechanism of "Dollar Imperialism" through the U.S. balance of payments deficits. His talk will focus on the coming momentous monetary developments in the Icelandic and Latvian crises, and their implication for future crises resolutions. Top Australian monetary economist Steve Keen who just won the inaugural (Paul) Revere Award for giving an early warning (2005) of the present debt-deflation collapse. Dr. Michael Clark, of the United Nations, is the man who earlier this year sparked the recent issue of 240 billion new SDRs by the International Monetary Fund, though they had only issued 21 billion of them since inception in January 1970. Dr. Edward Chambers, President of the Industrial Areas Foundation (IAF) will discuss- Organizing for Power, Action and Justice. Richard C. (Rick) Cook, a former federal government analyst who worked with Stephen Zarlenga on drafting the American Monetary Act while still with the U.S. Treasury. Rick was an adviser to Dennis Kucinich during the 2004 and 2008 Presidential campaigns will speak on democratizing the monetary system. Ben Dyson is a British monetary reformer, specializing in the necessary accounting techniques to achieve monetary reform by allowing banks to make loans without creating money and will address Monetary reform in Great Britain. William Bergman, economist and formerly an official at the Federal Reserve Bank of Chicago, until he became a whistleblower on Fed practices. He will focus on the present condition of banking after the massive bailouts. Who won? At whose expense? Why won't the banks lend? What must be done now to get money into circulation? Carol Brouillet will speak on Strategy for the Monetary Reform Movement (Analyzing it though the Doing Democracy - MAP Model of Social Movements, as she did for the Truth Movement in Chicago in 2006). Download Stephen Zarlenga's website is http://www.monetary.org/ Source: Progressive Radio Network Aired: 9/16/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Part 4: This episode is titled "An Update Interview with Stephen Zarlenga - pt. 4" and is being released on Tuesday, August 24, 2010. My interview with Stephen Zarlenga was recorded on August 24, 2010. This is an update (part 4) of our series with Stephen Zarlenga looking deeper into the fundamental concepts of money: What is money and how is it defined? What is the difference between money and credit? What is the history of money? And why is any of this important for YOU to understand, and how could it possibly affect YOUR life? Stephen Zarlenga is the founder of the American Monetary Institute (AMI) - the leading American monetary think tank for monetary history, theory and reform. An economic historian and author, Zarlenga provides us the clearest picture of how money and monetary systems work in his incredible 2002 tome The Lost Science of Money, and he's also the author of the American Monetary Act, submitted to congress by Dennis Kucinich in March of this year. If you have not already read his book, it is an absolute must read. So don't attack the messanger, instead go out and buy the book and learn for yourself exactly how and why those who promote the gold standard are lying to you. Download Stephen Zarlenga's website is http://www.monetary.org/ Source: Gnostic Media Aired: 8/24/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Michael Hudson has had a long, varied and distinguished career as a Wall Street insider, leading economist, expert on financial history, and Research Professor at the University of Missouri. He's also an author, consultant, head of a Harvard-based economic and financial history group, and president of the Institute for the Study of Long Term Economic Trends (INSLET). Hudson's latest economic views will be discussed, including his recent article on Europe's Fiscal Dystopia: The New Austerity Road to Financial Serfdom. Download Michael Hudson's website is: http://www.michael-hudson.com Source: Progressive Radio Network Aired: 7/15/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

"America's Fiscal Collapse - Obama's Budget Will Impoverish America" with economist and author, Michel Chossudovsky. The administration's 2010 budget will entail the most drastic curtailment in public spending in American history, leading to social havoc and the potential impoverishment of millions of people. Defense spending and bank bailouts will consume all government revenue resulting in fiscal collapse that will lead to the privatization of the state. America's Fiscal Collapse: by Michel Chossudovsky Download Michel Chossudovsky's website is: http://globalresearch.ca Source: KPFA Guns & Butter Source: Global Research Aired: 3/11/09 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Hudson – IMF Austerity for Prosperity: How sovereignty has been surrendered, what economics should be looking at and China’s dollar surplus conundrum – isolationism the answer? Music by Lucky Dragon www.earthsharing.org.au Download Michael Hudson's website is: http://www.michael-hudson.com Source: 3CR Renegade Economists Aired: 06/23/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Richard Cook is a former federal government analyst who was one of the key figures in the investigation of the space shuttle Challenger disaster. In 1985, he went to work for NASA as the lead resource analyst for the space shuttle solid rocket boosters, external tank, and Centaur upper stage. Cook’s first assignment led to his writing a memo on engineers’ concerns that flaws with the solid rocket booster O-ring seals could cause the shuttle to blow up. In 1986, after the Challenger disaster, he disrupted a NASA cover-up when he provided his memo, along with other documents on the hazards of the O-rings, to the New York Times. His disclosures paved the way for revelations by engineers from Morton Thiokol, Inc., about how they opposed the launch of Challenger the night before lift-off. Called to testify before the Presidential Commission at an internationally televised public hearing, Cook stood his ground when his experience and competence were challenged. He continued to contribute to the investigation during interviews with Commission staff and the NASA Office of Inspector General and in meetings with Senator Ernest Hollings, who was trying to raise issues before the Senate on whether there had been White House pressure to launch Challenger. In addition to extensive interviews with the media after the disaster, Cook published articles in the Washington Post, Washington Monthly, Space and Security News, and the Houston Post; gave a press conference with the Institute of Space and Security Studies, where he said that the Presidential Commission had been created to cover-up the role of the White House in the launch decision; and wrote a report which he submitted to the U.S. Justice Department with a request for a new investigation. In 1991, he was the recipient of the Cavallo Foundation Award for Moral Courage in Business and Government, sharing the award with Roger Boisjoly of Morton Thiokol. Before joining NASA, Cook worked as an analyst for the U.S. Civil Service Commission, where he received extensive training in federal government operations. He then worked for the Food and Drug Administration and next served in the Jimmy Carter White House under Esther Peterson, special assistant to the president for consumer affairs. He also taught history at the Field School, a private high school in Washington, D.C. Cook left NASA to become an analyst with the U.S. Treasury Department in 1986. There he developed and taught training courses on policy analysis and led project teams on financial policy and organizational restructuring. He authored Challenger Revealed- An Insider’s Account of How the Reagan Administration Caused the Greatest Tragedy of the Space Age in 2006. He retired from the federal government in January 2007 and works today as a writer, lecturer, and consultant. His website is richardccook.com. Cook graduated with honors from the College of William and Mary, where he was elected to Phi Beta Kappa. He resides in College Park, Maryland. One of his areas of interest has been the monetary system and he has written a series of articles about the current financial crisis including- Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A., Has the Battle for America Begun?, and An Emergency Program of Monetary Reform for the United States. He spoke recently on Will We See the End of the Empire in Our Time? at the Building a New World Conference". His forthcoming book is entitled We Hold These Truths: The Hope of Monetary Reform and he can be contacted regarding the book at economicsanity@gmail.com. Richard spoke about the current crisis we're in, particularly what is not reported in the press or widely understood by the public about money creation, debt, and credit and the financial shenanigans that are impoverishing the country. He also oferred his ideas for monetary reform, including the abolition of the Federal Reserve, national control over the creation of credit and a citizen's dividend. Download Richard C. Cook's website is: http://www.richardccook.com Source: We The People Radio Network (WTPRN) Aired: 6/03/08 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In The Web of Debt- The Shocking Truth About Our Money System And How We Can Break Free, her latest book, she turns those skills to an analysis of the Federal Reserve and "the money trust." She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Brown developed an interest in the developing world and its problems while living abroad for eleven years in Kenya, Honduras, Guatemala and Nicaragua. She returned to practicing law when she was asked to join the legal team of a popular Tijuana healer with an innovative cancer therapy, who was targeted by the chemotherapy industry in the 1990s. That experience produced her book Forbidden Medicine, which traces the suppression of natural health treatments to the same corrupting influences that have captured the money system. her recent articles include: The Secret Bailout of J. P. Morgan: How Insider Trading Looted Bear Stearns and the American Taxpayer and Credit Default Swaps: Evolving Financial Meltdown and Derivative Disaster Du Jour. Ellen also attended and was energized by the Building a New World Conference" and full of ideas on what we could do- including starting our own bank! Her understanding of the Constitution, history, the frauds and crimes committed by the banks and the officials assisting them in their looting activities are enormous and inspiring. There are huge numbers of people that could be educated and organized to stand up for their rights, their homes, at this moment in time. Despite the direness of the situation, reform is long overdue and the situation is bad enough so that people are unlikely to tolerate a blatantly bad system, if introduced to a betterone that would serve (rather than fleece) their communities and their country. More people are waking up and organizing and Ellen remained hopeful and optimistic. Do check out her excellent book, and articles! Download Ellen Brown's website is: http://www.webofdebt.com Source: We The People Radio Network (WTPRN) Aired: 6/03/08 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Catherine Austin Fitts is an investment advisor, entrepreneur, former Assistant Secretary of Housing and Federal Housing Commissioner under GHW Bush, and former Managing Director and board member of the Wall Street firm, Dillon Read & Co., Inc. She's now editor of Solari.com and runs Solari, Inc. as an "online media company focused on ethical investment and preserving family wealth. Long ago, (she promised never again to) act against the best interests (of her) own people (and do her best) to leave a better world for generations to come." Her latest economic and global views will be discussed. Download Catherine Austin Fitts' website is http://www.solari.com/ Source: Progressive Radio Network Aired: 6/21/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Ellen Brown is a civil litigation attorney, author, and frequent writer on financial issues. A new edition of her latest book, "Web of Debt," is now out - a vitally important analysis of the private banking cartel Federal Reserve, how it usurped money creation power, and how we can take it back. The Daily Bell "Compendium of Free-Market Thought" says "in modern economic thought (there are now) Keynsians, Austrians and Brownians." Brown's latest writing will be discussed. Download Ellen Brown's website is: http://www.webofdebt.com Source: Progressive Radio Network Aired: 6/20/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

"Europe's Financial Class War Against Labor, Industry and Government" with Dr. Michael Hudson. Economic crisis in Europe created by predatory lending; European Central Bank stranglehold on the Eurozone; the Euro; foreign banks decimate Greece's social structure; Marx's industrial capital versus fictitious capital; Latvia as a model for the rest of Europe; Hudson's financial and fiscal plan for Latvia; the Cold War and its ruinous effect on progressive economic thought. Download Michael Hudson's website is: http://www.michael-hudson.com Source: KPFA Guns & Butter Aired: 6/16/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

"The Financial Hijacking of America" with author, Ellen Brown. Brief history of banking; two ways to create money, either publicly or privately; credit creates money and debt; the Federal Reserve; bubbles and crashes; market manipulation; recent changes in banking and accounting rules; securitization; Bank of International Settlements in Basel, Switzerland; the need for state owned banks. Guns and Butter, for June 9, 2010 - 1:00pm Download Ellen Brown's website is: http://www.webofdebt.com Source: Guns and Butter Aired: 6/09/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Land rent, Economic rent: The Earth’s Worth Secretly Supported by Economists: Bryan Kavanagh analyses the Henry Tax Review following Karl’s salvo on global economic issues. On his death in 1988, Hutchinson was succeeded by Bryan Kavanagh. As a professional property valuer and a student of Georgist economics, Kavanagh knew that the land market is characterized by bubble-burst cycles and that the bursts are followed by recessions in the wider economy. On this basis he had predicted, in an article published in The Valuer in July 1987, that the next recession would be in 1991/2. This was correct to within one year. Seeking a reliable method of diagnosing a land bubble, Kavanagh began aggregating statistics on property turnover in the several Australian States since 1972, and eventually noticed that whenever the turnover exceeded 19% of GDP in a nationwide trend, and then returned below 19% (as it always did), recession followed within 2 years. He concluded that the ratio of property turnover to GDP is a veritable barometer of the economy, and that a ratio exceeding 19% indicates an economically damaging bubble. He is therefore unimpressed by the Greenspan doctrine that one cannot recognize a bubble until it bursts. Australian real estate re-entered bubble territory, according to Kavanagh's criterion, in 1999 or 2000. Download Bryan Kavanagh blogs at the Land Values Research Group: Economics as if location matters (Prosper Australia) Source: Renegade Economists Aired: 5/5/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Peace Revolution episode 005: OVERSTOCKED / How Naked Short-Selling and Counterfeiting Stocks Create Cascading Economic Failures / an Interview with Dr. Patrick Byrne, CEO of Overstock dot com What happens when you take a doctor of philosophy who's the CEO of an $800 million dollar company- and make him a victim of naked short selling and Wall Street fraud- and put him together with a Wall Street whistle-blower who was on the inside selling the so-called "compliance" software used to hide the evidence of these crimes against humanity? Sit back and hold on because if you thought discussing Wall Street and finance was boring, you're about to have your mind blown wide open. This is it folks. This is how the whole scam works - from top to bottom. Beginning in 2005, Byrne become known for his campaign against naked short selling, a practice which he says has been used in violation of securities law to hurt the price of his and other companies' stock. Under his direction, Overstock.com has filed two lawsuits alleging improper acts by Wall Street firms, a hedge fund, and an independent research firm. As a prerequisite to this interview, it's highly recommended that you visit Gnostic Media’s podcast and listen to episodes 49 and 50 on the Trivium Method of Thinking Critically (the format used to formulate the questions in this interview) with Gene Odening, and episode #62 with Dr. Michael Lobossiere on logical fallacies. The application of the 7 liberal arts is discussed throughout this current interview. #49: http://gnosticmedia.podomatic.com/entry/2009-10-25T22_26_49-07_00 #50: http://gnosticmedia.podomatic.com/entry/2009-11-01T23_11_48-08_00 #62: http://gnosticmedia.podomatic.com/entry/2010-01-25T09_41_32-08_00 Also referenced in this episode is Jan’s interview via Gnostic Media’s Podcast #16 with Dr. John Loftus - the former top US Justice Dept. Prosecutor under the Carter and Reagan administrations. In that interview we discuss the US creation of al Qaeda and the Muslim Brotherhood. #16: http://premium.gnosticmedia.podomatic.com/entry/2009-02-01T23_49_41-08_00 If you would like more information about Dr. Byrne’s research on Wall Street and Naked Short Selling, go to http://www.deepcapture.com, and for more information regarding Dr. Byrne, go to http://www.overstock.com  Download Dr. Patrick Byrne's website is http://www.deepcapture.com Source: Peace Revolution's Podcast Aired: 5/18/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Land rent, Economic rent, Financial regulation: Debt Saturation: Prof Steve Keen sums up the motivating factors for debt as a free hit for policymakers. He also serves up a few critiques of geonomics. All fun and games – www.earthsharing.org.au Australian economist Professor Steve Keen (University of Western Sydney) winner of the inaugural Revere Award for Economics (2nd and 3rd place finishers Nouriel Roubini of New York University and Dean Baker of the Center for Economic and Policy Research) and judged the economist who first and most cogently warned the world of the coming Global Financial Crisis argues that we are in a period of debt deflation and unemployment induced by debt saturation – particularly in the private sector – and deleveraging. Download Professor Steve Keen's website is Steve Keen’s Debtwatch Source: Renegade Economists Aired: 4/21/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.