Community Currency - 01/06/11

Powered by Podbean.com

Download this episode (right click and save)

The Two Faces of Money

Geraldine Perry is co-author of The Two Faces of Money. A great read, the book traces the modern system back to the man-made god of ancient Babylonia, this book unfolds many misconceptions about money and the role government plays. With the Constitutional promise of a true, democratic money, America at her birth offered real hope to the world that mankind could break free of the yoke of false money and its worship. However, except one brief twenty month period, America has never fulfilled that promise.

Instead, and through a long series of behind-the-scenes manipulations and legal maneuvers, a new legal regime was established by the invisible government of the money powers, taking America from a Constitutional Republic to the brink of an unconstitutional dictatorship. America now stands on the precipice of her demise. There is an honorable path out of our dilemma. Gerry tries to bring as much light as possible to understanding the history of money, the current monetary crisis we are in, and the path we need to take to transform the system.

On her website are two excellent powerpoint presentations- Money Owed and Owned and The Encroaching Economic Police State. She also authored a seven part series of articles The World According to Derivatives. Formerly a district-wide library director for two school districts, she has done considerable research on the business and politics of health, nutrition and diet. This in turn led to an exploration of the historical intertwining of agriculture and money creation.

On December 17th, 2010, Congressman Dennis Kucinich proposed "Landmark Reform of Monetary Policy"

"As the nation struggles with long-term unemployment at rates not seen in generations, contracted credit and the hoarding of public dollars by the banks, Congressman Kucinich (D-OH) today introduced a dramatic new proposal to establish fiscal integrity, reassert Congressional sovereignty and regain control of monetary policy from private banks. The National Emergency Employment Defense Act of 2010 would allow the federal government to directly fund badly-needed infrastructure repairs and fund education systems nationwide by spending money into circulation without increasing the national debt. The bill would end the current practice of fractional reserve lending, whereby the economy depends upon private financial institutions to lend money into circulation.

"Congressman Kucinich stated, The staggeringly bad employment and economic numbers represent a massive problem which cries out for bold action. Rather than crossing our fingers and hoping that banks will finally lend some of the billions of public dollars they havent thus far seen fit to lend, we can take action. My bill would replace the Federal Reserve Systems dependence on private banks to create credit. In its place, a Monetary Authority under the Treasury Department would directly inject liquidity into the economy by purchasing much needed public infrastructure repair. Today, we have idle capital, millions of able-bodied but unemployed workers, unused equipment, and record low interest rates. These conditions are the best possible time to make a long-term investment in our nations infrastructure. My bill would do exactly that.

The proposed legislation was ignored by the mainstream press. Geraldine Perry has seen firsthand how the press has tried to completely ignore and censor Congressman Kucinich and the important issues that he has tried to raise over the years. Congressman Kucinich's efforts to begin impeachment of the Bush Administration was practically a taboo topic, even by the independent media. With the change in Congress, this lameduck legislation has already expired, but could be reintroduced to the 112th Congress. We will discuss the history of money, the problems with the current system, the possibilities for monetary reform in 2011, and the risk of replacing the dollar with a global currency.

Here are links and resources referenced on the show-

The American Monetary Institute

Paper Money and the Original Understanding of the Coinage Clause," Published in 31 Harvard J.L. & Pub. Policy 1017 (2008).

Also Bank Notes Will Be But as Oak Leaves by Donald Swanson. The Virginia Magazine of History and Biography, Vol. 101, No. 1, "In the Modest Garb of Pure Republicanism": Thomas Jefferson as Reformer and Architect (Jan., 1993), pp. 37-52 Published by: Virginia Historical Society.

Really great Video clip featuring Will Abram:

Will Abrams explaining the Canadian experience, in four parts beginning here . See especially part 2 about what happened when the international bankers co-opted government-created money here

The article by IMF banker Simon Johnson:

The Quiet Coup, about how the financial industry has captured our government.

And his new book, co-authored with James Kwak: 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

Also Nomi Prins' book: It Takes a Pillage, An Epic Tale of Power, Deceit and Untold Trillions

Also the Janet Tavikoli video on Bank Foreclosure Fraud