Paul Volcker Picks Up A Bat Posted: 17 Dec 2009 04:15 AM PST For most the past 12 months, Paul Volcker was sitting on the policy sidelines. He had impressive sounding job titles – member of President Obama’s Transition Economic Advisory Board immediately after last November’s election, and quickly named …
The World is getting ripe for meaningful monetary reform!
Christmas and holiday message Dear Friends of the American Monetary Institute, Warmest Christmas and holiday greetings to all. Yes, 2009 was disappointing when so many in our legislative and executive branches ignored the wishes of our people and the requirements of progress and of justice, and put forward miserable health …
New Rules for Global Finance End of Year Report
I am writing to report on the successes of New Rules for Global Finance over the past year. Substantively, 2009 has been a banner year for New Rules, particularly for its work on reform of the International Monetary Fund. You may recall that in 2008 New Rules (along with the …
COMPULSORY PRIVATE HEALTH INSURANCE: JUST ANOTHER BAILOUT FOR THE FINANCIAL SECTOR?
Ellen Brown, December 23, 2009 www.webofdebt.com/articles Dr. Benjamin Rush, a signer of the Declaration of Independence, is quoted as warning two centuries ago: “Unless we put medical freedom into the Constitution, the time will come when medicine will organize into an underground dictatorship. . . . The Constitution of this …
U.S. Government and Business Leaders on the Financial Transactions Tax
OBAMA ADMINISTRATION 1. President Obama — White House Press briefing, July 22, 2009: Reporter Question: Would you consider going a step further than your regulatory reform proposals and supporting a fee on risky activities that go beyond traditional lending?
U.S. Forfeiting Billions in Future Taxes So Citi Can Exit TARP
The Washington Post is reporting that the federal government has quietly decided to exempt Citigroup (C) from a large future tax bill in allowing it to exit the TARP program. This is a backdoor bailout worth billions and is an outrage that demonstrates the lengths to which government will go …
The Baseline Scenario: “Wake Up, Gentlemen”
Posted: 15 Dec 2009 03:06 AM PST Simon Johnson is dead-on exposing this dangerously erroneous belief system! – Ed. The guiding myth underpinning the reconstruction of our dangerous banking system is: Financial innovation as-we-know-it is valuable and must be preserved. Anyone opposed to this approach is a populist, with or …
Other News: The Many Lives of the Tobin Tax
“Other News” is a personal initiative seeking to provide information that should be in the media but is not, because of commercial criteria. It welcomes contributions from everybody. Work areas include information on global issues, north-south relations, governance of globalization. The “Other News” motto is a phrase which appeared on …
Lessons from the Japanese: Time to Stop Borrowing Money and Start Printing It
Ellen Brown, November 27th, 2009 http://www.webofdebt.com/articles/lesson_japanese.php “We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When …
James Robertson Newsletter No. 27 – November 2009
1. REFLECTIONS ON THE PAST WEEK Not a good start. A leading article on “Back to the Future” in The Times (London), Monday 2nd November states that “Capitalism is the most efficient way of creating wealth and also of spreading it. … Above all, an efficient economy requires faith in …