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Damon Vrabel and Max Keiser
http://csper.wordpress.com/2010/11/11/discussing-the-debunking-money-series-with-max/
Some humor to go with the reality of our financial trap. Damon Vrabel and
Max Keiser can still laugh about how money is created as debt and why we
can't get off the hampster wheel.
Here's a solution endorsed by Kucinich, Michael Hudson, Gerladine Perry and the Green Party ~
The American Monetary Act: http://www.monetary.org/amacolorpamphlet.pdf
But as Damon points out, having the solution in hand isn't worth much if the population doesn't understand the problem.
The American Monetary Act would end fractional reserve lending (counterfeiting). GOVERNMENT would create money instead of private banks, creating REAL money as a public UTILITY, instead of debt issued by private banks. Credit could no longer be hoarded by the casino for their endless bubbles and collapses. Our national resources - labor and the productive economy - would no longer be siphoned off by a parasitic debt cartel. There would be no interest payments on Trillions of dollars of fictitious debt because the GOVERNMENT would create its own money and spend it into circulation on infrastructure, education and health care. This plan has been carefully worked out and is endorsed by TRUSTWORTHY economists. Credit is not money. Credit is a loan that is an asset to the bank and a liability to the borrower. Banks create credit with keystrokes on a computer, based on literally nothing at all. So which monetary system do you want?
Article 1, Section 8 of the Constitution required our government to create its own money and credit in 1787 - but who remembers.
Nov. 11, 2010