Reform the Money

A new report by a group of prominent economists this week warned that banks are still engaged in high-risk investing activity that is making another, potentially bigger financial crisis not only likely, but inevitable. The group includes Rob Johnson of the United Nations Commission of Experts on Finance, plus Elizabeth Warren, chair of the Congressional Oversight Panel to oversee the bank bailout. The report, commissioned by the Roosevelt Institute, points out how banks are using borrowed funds to take risks similar to the ones that crashed the economy in 2007 in order to continue to pay big dividends to share-holders and obscenely large bonuses to executives. The economists also urge the President and Congress to strengthen proposed financial regulations to stem the new crisis-in-making, and called out Federal Reserve Chair Ben Bernanke and Treasure Secretary Timothy Geithner for overseeing “policy as the bubble was inflating.” The report said, now “these same men now designing our ‘rescue.’” The report used unusually strong language to warn could happen if no action was taken: “What will happen when the next shock hits? We may be nearing the stage where the answer will be — just as it was in the Great Depression — a calamitous global collapse.”

Read the Roosevelt Institute’s report at http://www.makemarketsbemarkets.org/report/MakeMarketsBeMarkets.pdf


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GUEST: Max Fraad-Wolff, an instructor at the Graduate Program in International Affairs at the New School University who regularly writes on the economy

Max Fraad-Wolff's website is The New School

Source: Uprising Radio
Aired: 3/4/10 12:00 AM

GUEST: Bill Still is a former newspaper editor and publisher. He's written for major publications, produced the syndicated radio program, Health News, authored 22 books, and made three feature-length documentary videos.
His latest, titled "The Secret of Oz," features well-known "Wizard of Oz" symbols that provide solutions to today's economic problems. The film and its importance will be discussed.
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Bill Still's website is: http://secretofoz.com/
Source: Republic Broadcasting Network
Aired: 12/16/09 12:00 AM
Source: Progressive Radio Network
Aired: 12/17/09 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

James K. Galbraith — "James Galbraith Interview" - Alan Minsky (May 27, 2011)
Economist James K Galbraith analyzes today’s economy and contrasts it with a sound, and more just, economy. He also explains why we would need a powerful left to remake the economy in these necessary ways.
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James K. Galbraith's website is: James K. Galbraith
Source: Building a Powerful Left in the United States
Aired: 5/027/11 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Tom Greco demystifies money and banking and explains the destructive power of the current financial system. He challenges us to recognize that our dreams of a sane, just and ecologically sound future can become reality only if we change the way in which money is created and used.
Tom Greco was recorded at the beginning of his lecture tour for his most recent book: THE END OF MONEY AND THE FUTURE OF CIVILIZATION. A former engineer and college professor, Greco has written on monetary and financial innovation for over 30 years. Earlier books include: New Money for Healthy Communities and Money and Debt, A Solution to the Global Crisis. His
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Tom Greco's website is http://www.reinventingmoney.com
Source: TUC Radio
Aired: 7/1/09 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Part 2: Congressman Dennis Kucinich has posted the following on his web site: “The U.S. monetary reform is urgently needed: It is long past time we look at the implications of . . . the privatization of money created by the 1913 Federal Reserve Act, the bank fractional reserve system and our debt-based economic system. Unless we have dramatic reform of monetary policy, the entire economic system will continue to accelerate wealth upwards. I am currently working on drafting legislation for an ‘American Monetary Act’ to address these and other issues in order to protect the economic well being of America.” Observers believe that this single measure has the potential of bringing together tens of millions of people who have realized that our bank-run debt-based monetary system lies at the center of the financial crisis. The question is of course - how are these tens of millions going to find out that there is such legislation being developed?
Kucinich is working closely with Stephen Zarlenga, director of the American Monetary Institute and author of: The Lost Science of Money. Zarlenga was interviewd in May 2009 after his return from Washington, DC, where he had briefed members of Congress. A report on the briefing was done by Richard Cook
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Stephen Zarlenga's website is http://www.monetary.org/
Source: TUC Radio
Aired: 6/17/09 12:10 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.