Currency
Gwen Hallsmith is Director of Planning/Development for the City of Montpelier and has earned international acclaim for her work on monetary issues. She's leading a citizen-businessperson committee that I am part of (along with people like Ben Cohen of Ben/Jerrys and Jeffrey Hollander of 7th Generation) that is working with VT Legislators on creating state-level monetary policy which will insulate VT from Wall St corruption. This movement includes exploring a State-owned bank like the highly successful Bank of North Dakota and also includes the conception of an alternative VT currency that could be...
Inspired by our friends at Occupy Wall Street and Dr. Cornel West, Move To Amend is planning bold action to mark the second anniversary of the infamous Citizens United v. FEC decision!
Occupy the Courts will be a one day occupation of Federal courthouses across the country, including the U.S. Supreme Court in Washington, D.C., on Friday January 20, 2012.
Move to Amend volunteers across the USA will lead the charge on the judiciary which created and continues...
I just had one of those weird disconnect experiences, like HUH?? I read two entirely opposite accounts of the same time period and they can’t both be right. First I read Michael Moore’s recent book “Here Comes Trouble”, which isn’t great, but has some interesting anecdotes worth reading. The one that caught my attention was the time Moore attended “Expo Maquila ‘86', a US Commerce Department conference in Acapulco, Mexico to help US companies move jobs to Mexico and save on labor costs. He went to write an article for Nader’s Multinational Monitor. Nader’s chief of staff John Richard told him, “The Reagan...
Our society is fraught with a contradiction: on the one hand, we have vast needs that go unmet; on the other hand, we have vast amounts of labor, wasted resources, and productive capacity that could in principle meet those needs. Money is supposed to bring them together, but it is failing to do so. We can see a local complementary currency as a way to bridge the gap.
Unfortunately, with the notable exception of time banks, the practical results of local currency initiatives in the United States have been disappointing. A common pattern is that the currency is launched with much enthusiasm and continues to circulate as long as the...
Ellen Brown begins a recent essay explaining the genesis of a bill to create bank credit in Minnesota for the funding of infrastructure: "In August 2007, the nation was stunned by the collapse of a major Minneapolis bridge, killing thirteen. The bridge had been rated structurally deficient by the U.S. government as far back as 1990, and it was only one of more than 70,000 bridges across the country with that rating. The American Society of Civil Engineers estimated that it would take nearly $190 billion to fix the country's failing bridges over the next two decades." See:...
Lifeboat Vermont gets an important spotlight. With the US Constitution formally nullified by NDAA, and $29 Trillion in FED bank-bailouts revealed, how much worse does it have to get before VT takes back our God-given inalienable right to self-government?
By Mike Krauss of the Public Banking Institute as posted in PhillyBurbs (images added by me)
The American people have been asleep. That’s over.
The people are wakening and engaging in an expanding discussion about the present circumstances and future prospects of our nation.
The discussion began with the tea party patriots. But their protest at the injustice of the Wall Street bail out was turned to a...
“To some people, the European Central Bank seems like a fire department that is letting the house burn down to teach the children not to play with matches.”
So wrote Jack Ewing in the New York Times last week.
“The E.C.B. has a fire hose — its ability to print money. But the bank is refusing to train it on the euro zone’s debt crisis."
"The flames climbed higher Friday after the Italian Treasury had to pay an interest rate of 6.5 percent on a new issue of six-month bills, the highest interest rate Italy has had to pay to sell such debt since August 1997.
“But there is no sign the E...
While there are legitimate flaws of our entire fiat/compound-interest money and banking system, there IS a way for state-level financial self-reliance to be created independently of the corrupt mega-banks and the unconstitutional Federal Reserve.
North Dakota's State-owned bank is not a socialist-program, it's merely an example of a state exerting its SOVEREIGNTY to create economic conditions that benefit its people and businesses (access to affordable credit) independently of out-of-state interests.
This must-see video details the history of the highly successful Bank of North Dakota, including many of the business/political leaders in present day N.D. who explain how this institution has helped N.D. become the ONLY...
With pressure building on Europe and America, something's got to give. Progressive Radio News Hour regular Bob Chapman says Germany's Angela Merkel and France's Nicolas Sarkozy search for solutions that don't exist and that nothing has been agreed on to be implemented. Austerity weakens failing Eurozone economies. French and other banks are selling bonds. Yields are rising. So it isn't economic, financial and political uncertainty. Europe's in disarray. Germany printed Deutsch Marks just in case.
It "has to come to terms with cutting loose six loser countries. That means leaving the euro and perhaps the EU. We see no other choice...
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