Saturday, 30 November 2013

My list of names for a new international economics brains trust.

Any political body - that seriously pursues taking up the sovereign right of powers of public credit - as in my opinion they should - would need and should seek - the assistance of the growing number of high level insiders of the current failed international financial system structures who still have a conscience and - have for many years - swimming against the tide - bravely began to expose the systemic nature of those failings and - push for reform of the international financial system from the ground up - in an attempt to counter the private ownership of everything is good for everyone - delusion - that has been swallowed as unchallenged orthodoxy – most by hook – fewer by crook – by most every public servant of influence and senior media commentator in the nation at the present time.

Below are these people and - what are - in my opinion - their seminal documents - that I would refer to any public servant and media commentator - really wishing to act in the wider public interest - to read as soon as possible;

In memory of Vincent C Vickers - who administered the global high finance pyramid scam on behalf of the ultra-inter-generational-wealth-families of Europe - from 1910 - 1919 and - who wrote this document in the year of his death from illness in 1939 - in which he warned of his concerns for the future of civilisation if the private interests remained in control of the administration of credit & currency given that they had discovered that the venture most profitable to them was war - thus if the status quo remained increasing debt fueled wars and systemic growing inequality would be what the world suffers.

David C Korten – 35 years global high finance – Harvard phd lecturer - How to Liberate America from Wall Street – which could easily be – How to Liberate the World from Wall Street;

Michael Hudson – former Chase Manhatten balance of payment analyst who quit when discovering he was part of a massive predatory lending pyramid scam – the section of this paper re Fraudulent Conveyance of Predatory Debt – is a must read;

Former JP Morgan Managing Director says entirely compounding interest attached money system has outgrown boundaries of the biosphere and is mathematically unsustainable!
Transcript here;
" I learned that a lot of what we practiced in finance through no ill intent, this is unrelated to the financial crisis, and the ethical challenges of the financial system, but that the system itself is designed to propel growth in the economic system with no regard to the physical boundaries of the planet and with little regard to the social criteria, social constraints of human well being and so it struck me that a lot of the symptoms that we talk about such as climate change obviously being on top of everyone's agenda, but ecosystem degradation, soil degradation, biodiversity loss. All of these issues are symptoms of an economic system that is essentially bumping into the boundaries of the biosphere, and if you think about finance and even our money system, which is built on a money system which is created through expanding money that has interest associated, so as the money supply grows the requirement to service money grows at a compound rate. That forces at a systemic level the economy to continue growing which if the economy is related to material throughput eventually creates this conflict with the boundaries of the biosphere. So its been a very profound realisation and what I have discovered is that there are an increasing amount of people thinking about this question, but its very much outside the halls of conventional economics and very much new economic thinking."

Stephen Zarlenga - in 1996 - cofounded the American Monetary Institute (AMI), which promotes the independent study of monetary history, theory, and reform and has been its director since then. He is the author of the groundbreaking book the Lost Science of Money subtitled The Mythology of Money – The Story of Power in which he calls into question and challenges the basis, and Achilles’ heel, of American Capitalism: the private control and resulting misdirection of the nation’s monetary system. This book started the modern movement for monetary reform in America. Based on this research, the American Monetary Act was developed to reform our nation’s money system.

Adair Turner – Former head of the UK Financial Stability Authority formed after the 2007 global financial crisis – says that - Overt Money Financing – of government funding by way of public credit banking is a legitimate policy solution;

Ben Dyson - in 2010 - founded Positive Money UK - works on the campaign full time and - is also one of our four directors. Ben has spent the last five years figuring out what’s wrong with the financial system. He now spends his time working on the Positive Money campaign, working with MPs, think tanks, charities, academics and unions to promote a better understanding of the real issue with debt-based money and fractional reserve banking. Ben is a co-author of ‘Modernising Money’ along with Andrew Jackson.
Ben originally studied Development Economics at the School of Oriental and African Studies (SOAS, University of London) before spending 2 years in a team of 4 growing a start-up business in the financial sector and successfully securing funding from the founder of a FTSE 250 firm.

Joseph Stiglitz – Former Chief Economist of the Worldbank and 2001 Nobel Laureate in Economics – for a long while after the 2007 global financial crisis Joseph Stiglitz was of the opinion that the entirely private loan based money system could still be tweaked to work for the greater good – if only the private bankers would change their ways – when it became obvious they wouldn't – he now advocates a reforming of the current financial system from the ground up;

Margrit Kennedy – has for many years researched the concept of a non-circulation fee upon currency – as promoted over the years by Silvio Gesell - Irving Fisher and Frederick Soddy - in order to prevent the build up of a debt leveraged merry go round forming above the real economy and sucking the lifeblood out of it; 

Ellen Brown - developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, 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.
In The Public Bank Solution, the 2013 sequel, she traces the evolution of two banking models that have competed historically, public and private; and explores contemporary public banking systems globally.

William K. Black - now a professor of law at the University of Missouri at Kansas City, is a former bank regulator who played an integral role in throwing a number of high-level executives in jail for white-collar crimes during the savings and loan crisis in the 1980s.

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