Videos uploaded by user “Alberto Veronese”
The Ideology of the Ruling Elite
The Crisis of Democracy: On the Governability of Democracies was initially a 1975 report written by Michel Crozier, Samuel P. Huntington, and Joji Watanuki for the Trilateral Commission and later published as a book. Noam Chomsky has criticized the report as being "the ideology of the liberal wing of the state capitalist ruling elite" and has said that it seeks to increase state power. The report observed the political state of the United States, Europe and Japan and says that in the United States the problems of governance "stem from an excess of democracy" and thus advocates "to restore the prestige and authority of central government institutions." "The vitality of democracy in the United States in the 1960s produced a substantial increase in governmental activity and a substantial decrease in governmental authority." — Samuel P. Huntington For the Full Video Visit: ChomskyInNederland http://youtu.be/ODtqoottyRY Download: "Crisis of Democracy" - Trilateral Commission Report http://www.wrijneveld.nl/Boekenplank/BoekenVanAanhangersVanDeNieuweWereldOrde/1975-TC-The-Crisis-of-Democracy.pdf Thanks for YouTube Sharing: user/ChomskyInNederland Uploaded on Mar 16, 2012 Goolge The Web: Trilateral Commission David Rockefeller Bilderberg Group
Views: 8051 Alberto Veronese
Robert F. Kennedy on GDP
Robert Francis "Bobby" Kennedy (November 20, 1925 – June 6, 1968) Robert F. Kennedy Speeches Remarks at the University of Kansas, March 18, 1968 http://www.jfklibrary.org/Research/Research-Aids/Ready-Reference/RFK-Speeches/Remarks-of-Robert-F-Kennedy-at-the-University-of-Kansas-March-18-1968.aspx ... Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 9909 Alberto Veronese
Peter Thiel, Oh, Money!
Peter Thiel, Founding CEO Paypal President, Clarium Capital, Philanthropist speaks at the Libertopia 2010 (Oct 15, 2012) For the Full Lecture Visit: http://youtu.be/KgH7Lv2gQdk Thanks for YouTube Sharing: user/LibertopiaFestival Uploaded on Feb 25, 2012 Libertopia is... http://libertopia.org/ Google The Web: Modern Monetary Theory" (MMT)
Views: 3699 Alberto Veronese
Aldous Huxley, The Dictatorship of The Future
Aldous Huxley, social critic and author of 'Brave New World', talks to Aldous Wallace about threats to freedom in the United States, overpopulation, bureaucracy, propaganda, drugs, advertising, and television (5/18/58) Transcript: (Harry Ransom Center, the University of Texas at Austin) Aldous Huxley -- [...] the dictatorship of the future, I think will be very unlike the dictatorships which we've been familiar with in the immediate past. I mean, take another book prophesying the future, which was a very remarkable book, George Orwell's "1984." Well, this book was written at the height of the Stalinist regime, and just after the Hitler regime, and there he foresaw a dictatorship using entirely the methods of terror, the methods of physical violence. Now, I think what is going to happen in the future is that dictators will find, as the old saying goes, that you can do everything with bayonets except sit on them! But, if you want to preserve your power indefinitely, you have to get the consent of the ruled, and this they will do partly by drugs as I foresaw in "Brave New World," partly by these new techniques of propaganda. They will do it by bypassing the sort of rational side of man and appealing to his subconscious and his deeper emotions, and his physiology even, and so, making him actually love his slavery. I mean, I think, this is the danger that actually people may be, in some ways, happy under the new regime, but that they will be happy in situations where they oughtn't to be happy. Aldous Wallace -- Well, let me ask you this. You're talking about a world that could take place within the confines of a totalitarian state. Let's become more immediate, more urgent about it. We believe, anyway, that we live in democracy here in the United States. Do you believe that this Brave New World that you talk about, er...could, let's say in the next quarter century, the next century, could come here to our shores? Aldous Huxley -- I think it could. I mean, er...that's why I feel it so extremely important here and now, to start thinking about these problems. Not to let ourselves be taken by surprise by the...the new advances in technology. I mean the...for example, in the regard to the use of the...of the drugs. We know, there is enough evidence now for us to be able, on the basis of this evidence and using certain amount of creative imagination, to foresee the kind of uses which could be made by people of bad will with these things and to attempt to forestall this, and in the same way, I think with these other methods of propaganda we can foresee and we can do a good deal to forestall. I mean, after all, the price of freedom is eternal vigilance. Thanks for YouTube Sharing: user/YouIntelligence Uploaded on Nov 6, 2011 Google The Web: Brave New World Aldous Huxley Harry Ransom Center
Views: 7775 Alberto Veronese
Three Treasury Secretaries Laughing It Up Over Income Inequality
Nothing. Will. Change. "Former Treasury Secretaries on the Global Economy" April 27, 2015 http://www.c-span.org/video/?325566-3/discussion-former-treasury-secretaries Former Treasury Secretaries Timothy Geithner, Henry Paulson, and Robert Rubin talked about about global economic trends, public finance and capital markets. Sheryl Sandberg, chief operating officer of Facebook, moderated. The Global Economy: A Conversation with Timothy Geithner, Henry Paulson and Robert Rubin” was a luncheon program of the 18th annual Milken Institute Global Conference held April 26-29, 2015, at the Beverly Hilton. Robert Rubin Former Treasury Secretary Clinton Administration, 1995-1999 Henry Paulson Former Treasury Secretary Bush Administration, 2006-2009 Timothy Geithner Former Treasury Secretary Oabma Administration, 2009-2013 Sheryl Sandberg Former Chief of Staff to Treasury Secretary Larry Summer, Clinton Administration, 1996-2001 Facebook Chief Operating Officer .... LOL. Peasants! Hilarious! "Three Rich Treasury Secretaries Laugh It Up Over Income Inequality" by Zach Carter, Ben Walsh, The Huffington Post, Sep 4, 2015 http://www.huffingtonpost.com/entry/geithner-rubin-paulson-income-inequality_55e9eabde4b093be51bb73c3 .... Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 53561 Alberto Veronese
Noam Chomsky, The Nature of the US Democracy
Extract from Noam Chomsky's talk at Northeastern University, Boston, on on democracy and capital... (Dec. 5, 1997) For the Full Lecture Visit User/Santarchy Uploaded on Feb 2, 2011 http://youtu.be/WHj2GaPuEhY Video created with the YouTube Video Editor http://www.youtube.com/editor
Views: 1753 Alberto Veronese
LLP, Loan Loss Provision Explained
- (Originally Acquainted, Feb 11, 2013) - Sorry Folks! I accidentally deleted my last 30 videos; I'll be re-editing and uploading some of them... ... ... ... ... Wall Street banks can manipulate their balance sheets at will and report any profit they choose. But eventually the toxic crap on their balance sheets will need to be written off. For The Full Video Visit MoneyWeekVideos: The trick that turns banking losses into profits, Nov 9, 2012 http://youtu.be/tXh01L6mLqs Tim Bennett's Videos: http://MoneyWeek.com/tutorials http://www.youtube.com/user/MoneyWeekVideos Video created with the YouTube Video Editor Related: Bank Fraud Round 2 -- Bank of America James Quinn, Jul 16, 2010 http://seekingalpha.com/instablog/239... U.S. sues Bank of America over "Hustle" mortgage fraud Jonathan Stempel, Reuters, Oct 24, 2012 http://www.reuters.com/article/2012/1... Regulator warns over banks' loss reserves Shahien Nasiripour, Tom Braithwaite, Financial Times, Sep 21, 2012 http://www.ft.com/cms/s/0/303466d2-03... What Banks Stocks Are Really Worth By: Philip van Doorn, cnbc, Jul 31, 2012 http://www.cnbc.com/id/48417335/What_... Loan loss provision (also known as "valuation allowance" and "valuation reserve") is an expense creditors budget as an allowance for bad loans. Most banks have seen steep rises in loan loss provision due to customer defaults during the 2008 Financial Crisis. http://www.wikinvest.com/wiki/Loan_Lo... Definition of prevision, loan loss prevision (LLP) and loan loss reserve (LLR) Dewan Abu Wasek, Jun 18, 2012 http://www.ngoanddev.com/2012/06/defi...
Views: 11141 Alberto Veronese
Paolo Barnard, The European Financial Coup d'Etat
Paolo Barnard, a high profile investigative journalist, presents the event in progress: some important international economists of Modern Money Theory are coming in Italy to form the first group of activists of MMT against the destruction of the Financial Coup. The Summit will be held in Italy on February 24/25/26, 2012 For information on location and for updates: www.democraziammt.info www.paolobarnard.info www.mediconadir.it This video was created with the YouTube Video Editor: Original Interview Uploaded on YouTube by user/NADiRinforma on Dec 23, 2011 - 'Modern Money Theory ... in progress' Key Economic Facts: No major currency traded on foreign-exchange markets is linked to gold or other precious metals. The supply of money is a dynamic rather than a static concept. The Europeans are in a fundamentally different situation to the U.S., Britain or Japan because they don't have a sovereign currency. This makes them depend on market liquidity. Google The Web: Paolo Barnard Modern Money Theory Fiat Money Bernanke's 29 Trillion Dollar Fog of Deceit L. Randall Wray Nicola Matthews James Felkerson Edward Harrison
Views: 2095 Alberto Veronese
1986, John Kenneth Galbraith
(Extracts) A Conversation with John Kenneth Galbraith, Professor of Economics, Harvard University - The Institute of International Studies and The radio & Television Services of the University of California, Apr 27, 1986 Conversations - A Video Series on International Affairs Series Host: Harry Kreisler UCTVCWH-19860427-John Kenneth Galbraith - US policy Producer: uctvv http://archive.org/details/Uctvcwh-19860427-johnKennethGalbraith-UsPolicy
Views: 5122 Alberto Veronese
Steve Keen, Quantitative Easing for The People
Edited Extracts from Steve Keen's Interview at CapitaAccount with its host Lauren Lyster (Jul 6, 2012) Steve Keen, author of "Debunking Economics: The Naked Emperor Dethroned" For The Full Show Visit: http://youtu.be/dsCzqqvIOms Thanks for YouTube Sharing: /user/CapitalAccount Uploaded on Jul 6, 2012 Broadcasting live out of RT America's studios in Washington DC http://www.youtube.com/user/CapitalAccount http://twitter.com/laurenlyster http://twitter.com/coveringdelta Debt Jubilee - "[...] it is a time of freedom and of celebration when everyone will receive back their original property, and slaves will return home to their families." - Leviticus 25,10 Google The Web: ZIRP TBTF Liquidity Trap
Views: 2363 Alberto Veronese
Stephanie Kelton, The Government Does Not Need Your Money
Stephanie Kelton – "Why You and I Can't Spend More Than We Bring In, but the Government Can - and Probably Should", September 28th 2011 https://www.youtube.com/watch?v=SlSBA6Pn-Hc Bern Bernanke, Alan Greenspan – Money is NO Object https://www.youtube.com/watch?v=11J_914RZ-o Joseph Stiglitz – "1000 dollars? They Just Print Those Dollars!" https://www.youtube.com/watch?v=76wtfxepWQQ Marshall Auerback – "Understand the Money Government Creates" https://www.youtube.com/watch?v=OLtsY0gSbHE Michael Hudson – "Money is Created on a Computer Keyboard" https://www.youtube.com/watch?v=uTYqGUGSLDM President Nixon – "The Nixon Shock " https://www.youtube.com/watch?v=rcnhF09QN78 President Obama – "Obama's "Money line... Again" https://www.youtube.com/watch?v=wRfRaERWnYs ... Google The Web: MMT - Modern Monetary Theory http://neweconomicperspectives.org/
Views: 2779 Alberto Veronese
Greenspan – The Fiscal Future of Social Security
a way out of austerity politics. March 2, 2005 – Chairman Greenspan testified about the state of the U.S. economy, proposed economic reforms, the fiscal future of Social Security, and tax policy. http://www.c-span.org/video/?185718-1/economic-outlook-fiscal-issues Hearing before the COMMITTEE ON THE BUDGET HOUSE OF REPRESENTATIVES – 109 Congress – 1st. Session – No. 109-5 Washington, DC, March 2, 2005 http://www.gpo.gov/fdsys/pkg/CHRG-109hhrg99828/html/CHRG-109hhrg99828.htm "Why Health Care Matters and the Current Debt Does Not" federal Reserve Bank of St. Louis, October 2011 https://www.stlouisfed.org/Publications/Regional-Economist/October-2011/Why-Health-Care-Matters-and-the-Current-Debt-Does-Not "...without an immediate need to drastically reduce the debt, the mechanism between high debt and slow growth loses most of its credibility." "The Five Worst Reasons Why the National Debt Should Matter To You: Part Four, Three REAL Reasons" by Joe Firestone, August 27, 2013 http://neweconomicperspectives.org/2013/08/the-five-worst-reasons-why-the-national-debt-should-matter-to-you-part-four-three-real-reasons.html "[A] fiat currency system gives us the policy space to solve our problems because, unlike households and every other type of currency user, the Federal Government doesn’t have to worry about not being able to afford to deficit spend up to the point of full employment." "Painstaking, dot-point summary – bond issuance doesn’t lower inflation risk" by Bill Mitchell August 19, 2011 http://bilbo.economicoutlook.net/blog/?p=15753 Google The Web: Modern Monetary Theory ... Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 1448 Alberto Veronese
What is the US Deficit?
Extract from Lecture by Prof. Dr. Noam Chomsky at University of Cologne (June 6th to June 8th, 2011) For the Full Video Visit: http://youtu.be/Ig9KcuD2nhQ Thanks for YouTube Sharing: user/TheForestaPPB Uploaded on Feb 27, 2012 From June 6th to June 8th, 2011, Prof. Dr. Noam Chomsky was a guest of the University of Cologne. During his visit, he held one seminar and two public lectures ("Language and Other Cognitive Systems: What is Special about Language?" and "The Evolving Global Order: Prospects and Opportunities") Dr. Noam Chomsky has been awarded the Albertus-Magnus Professor 2011 by the University of Language. Google The Web: Austrian School Ron Paul Gold Standard "National Deficit" Modern Monetary Theory
Views: 5054 Alberto Veronese
Warren Mosler: Money,  Litter and The Tax Man
Warren Mosler Modern Money vs Austrian School "The difference between money and litter is the tax man." ~ Warren Mosler Modern Monetary Theory vs. the Austrian School Debate Unedited version of the debate: http://www.modernmoneynetwork.org/mmt-vs-austrian-school.html http://www.law.columbia.edu/ A public debate on macroeconomic theory and policy with leading thinkers from Modern Monetary Theory (MMT) and the Austrian School. (Jun 3, 2013) Warren Mosler is an early developer of Modern Monetary Theory (MMT), the President of Valance Co, Inc., and Senior Financial Advisor to Senator Ronald E. Russell, President of the 29th Legislature of the U.S. Virgin Islands. Robert Murphy, Ph.D, is a Senior Economist with the Institute for Energy Research and an Associated Scholar at the Ludwig von Mises Institute, where he teaches at the Mises Academy. He is also an adjunct scholar at the Mackinac Center for Public Policy. ... Summary and Critique of the Warren Mosler (MMT) vs. Bob Murphy (Austrian) Debate Jun 12, 2013, by JP Hochbaum http://hereticaldruthers.wordpress.com/2013/06/12/summary-and-critique-of-the-warren-mosler-mmt-vs-bob-murphy-austrian-debate/ Google The Web: MMT - Modern Monetary Theory the Austrian School
Views: 983 Alberto Veronese
'NO' on $1 Trillion for Main Street
(Edited Extracts) Jan 12, 2013, On Saturday's Up w/ Chris Hayes, discusses the origins and merits of a novel proposal making its a way around the Beltway: the trillion-dollar coin; the origins and merits... For The Full Video Visit: MSNBC - Microsoft and the National Broadcasting Company http://www.msnbc.msn.com/id/50441081/ Stephanie Kelton, Associate Professor of Economics at the University of Missouri-Kansas City and Creator and Editor of New Economic Perspectives. Joe Weisenthal, Deputy Editor at Business Insider. Heidi Moore, Economics and Finance Editor at The Guardian Newspaper. Dylan Glenn, Managing Director of Guggenheim Partners. ... "Treasury Won't Mint Coin to Defy Debt Ceiling" The New York Times, Jan 12, 2013 http://www.nytimes.com/2013/01/13/us/politics/treasury-will-not-mint-1-trillion-coin-to-raise-debt-ceiling.html?_r=0 "Treasury concludes law shouldn't be used to mint $1 trillion coin to avoid debt limit fight" The Washington Post, Jan 12, 2013 http://www.washingtonpost.com/politics/white-house-rules-out-minting-1-trillion-dollar-coin-to-avoid-fight-over-government-borrowing/2013/01/12/44572a76-5d05-11e2-b8b2-0d18a64c8dfa_story.html "Treasury, Fed kill idea of $1 trillion platinum coins to avert debt crisis" msnbc, Jan 12, 2013 http://www.msnbc.msn.com/id/50443996#.UPJ3i-jXGiY ... Fiscal Cliff: Let's Call Their Bluff! The Huffington Post, Dec 19, 2012 http://www.huffingtonpost.com/ellen-brown/fiscal-cliff-desperate-ti_b_2319236.html Could two platinum coins solve the debt-ceiling crisis? The Washington Post, Dec 7, 2012 http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/07/could-two-platinum-coins-solve-the-debt-ceiling-crisis/ ... The Nixon Shock http://youtu.be/rcnhF09QN78 Money is NO Object http://youtu.be/11J_914RZ-o Steve Keen briefs US Congress http://youtu.be/qZn58aFob0c J. M. Keynes, When the Day of Peace Comes http://youtu.be/tomLfciG5z0 Warren Mosler, Issuers vs Users of a Currency http://youtu.be/AfnwFZfdDvw MMT - The Austerity Alternative http://youtu.be/ZtdrxungCYM Google The Web: Modern Monetary Theory (MMT) Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 1144 Alberto Veronese
Huey Long, Man Who Cared About The People
"Share the Wealth": Huey Long Talks to the Nation (Radio Address of April 1935) "Where are the schools that you have waited for your children to have, that have never come? Where are the roads and the highways that you send your money to build, that are no nearer now than ever before? Where are the institutions to care for the sick and disabled? Your tears in this country have lasted for genera­tions. Give me the chance to dry the eyes of those who still weep here." — Huey Long, 1928 Huey Long's Full Radio Speech: "Share the Wealth" http://historymatters.gmu.edu/d/5109/
Views: 4838 Alberto Veronese
Yanis Varoufakis, Human Labour Cannot Be Commodified
6th Subversive festival, May 4-18, 2013 Zagreh http://www.subversivefestival.com/ Yanis Varoufakis http://www.subversivefestival.com/foruml/7/216/en/yanis-varoufakis-confessions-of-an-erratic-marxist Video created with the YouTube Video Editor For the Full Lecture Visit: Yanis Varoufakis -- Confessions of an Erratic Marxist, May 14, 2013
Uploaded by user/SkriptaTV on May 17, 2013 https://www.youtube.com/user/SkriptaTV Yanis Varoufakis Political economist and a professor at the University of Texas, Austin. He is an active participant in the current debates on the global and European crisis and the author of The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy (2011). "On Keynes, Marx and the value of models at a time of Crisis: A reply to David Laibman" Yanis Varoufakis, Apr 4, 2012 http://yanisvaroufakis.eu/2012/04/04/on-keynes-marx-and-the-value-of-models-at-a-time-of-crisis-a-reply-to-david-laibman/ Yanis Varoufakis http://yanisvaroufakis.eu/ https://twitter.com/yanisvaroufakis
Views: 1799 Alberto Veronese
Michael Hudson, Modern Monetary Theory
Michael Hudson President of The Institute for the Study of Long-Term Economic Trends (ISLET) http://michael-hudson.com/ The Prime Interest (on RT) Broadcast live from Washington, Jul 19, 2013 Watch Michael Hudson's Full Interview: http://www.youtube.com/watch?v=5bNujtooZos "We're just at the beginning of the end of a debt supercycle..." Google The Web: Modern Monetary Theory (MMT) From This Channel: The Nixon Shock http://www.youtube.com/watch?v=rcnhF09QN78 Alan Greenspan, US - The Source of All Money http://www.youtube.com/watch?v=oMfdDPoyZ5w To Whom Belongs the Euro? http://www.youtube.com/watch?v=rtfacFUOK50 Money is NO Object http://www.youtube.com/watch?v=11J_914RZ-o MMT-- Money, Debt, Democracy http://www.youtube.com/watch?v=w-8mn-we-Cc Michael Hudson, The Wall Street Gang http://youtu.be/CxoJ8nCE_Mw Michael Hudson, What the 99% Need to Know http://www.youtube.com/watch?v=YKQlUjiCz_A Michael Hudson, Money is Created on a Computer Keyboard http://youtu.be/uTYqGUGSLDM Austerity, The 7 Frauds (Warren Mosler) http://www.youtube.com/watch?v=O6OZf5p47co Icelanders: The Reason Why We Are Not Inside EU http://www.youtube.com/watch?v=lDFTOVlOzsY Money, An Instrument for the Public Purpose http://www.youtube.com/watch?v=6pyqTpYXhj8 Understand the Money Government Creates http://www.youtube.com/watch?v=OLtsY0gSbHE Noam Chomsky, Too Big To Jail http://www.youtube.com/watch?v=THcP_zb_BAw A Sovereign Government Issues its Own Currency http://www.youtube.com/watch?v=I31hdvobSB8 Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 986 Alberto Veronese
Steve Keen briefs US Congress
(Extracts) Congressman Dennis Kucinich hosted Professor Steve Keen; The briefing, was held in the Small Business Committee Room, Washington DC, Dec 5, 2012 Professor Steve Keen's Full Briefing: Published by DJKucinich - Dec 5, 2012 http://www.youtube.com/watch?v=THelXGcKQd0 Federal Reserve Act Section 13. Powers of Federal Reserve Banks http://www.federalreserve.gov/aboutthefed/section13.htm "[...] Radical as the idea of cancelling debts and restoring the population's means of subsistence seems to modern eyes, it had been a conservative tradition in Bronze Age Mesopotamia for some two millennia. What was conserved was self-sufficiency for the rural family-heads who made up the infantry as well as the productive base of Near Eastern economies. Conversely, what was radically disturbing in archaic times was the idea of unrestrained wealth-seeking. It took thousands of years for the idea of progress to become inverted, to connote freedom for the wealthy to deprive the peasantry of their lands and personal liberty." Michael Hudson The Lost Tradition of Biblical Debt Cancellation - Michael Hudson http://michael-hudson.com/wp-content/uploads/2010/03/HudsonLostTradition.pdf Professor Steve Keen http://www.debtdeflation.com/blogs/ http://debunkingeconomics.com/ https://www.youtube.com/user/ProfSteveKeen/ Congressman Dennis J. Kucinich's https://www.youtube.com/user/DJKucinich http://kucinich.house.gov/ "The rich ruleth over the poor, and the borrower is slave to the lender." Proverbs 22:7 There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. -- John Adams, 1826
Views: 987 Alberto Veronese
F. D. Roosevelt on Democracy and Fascism
Franklin D. Roosevelt Message to Congress on Curbing Monopolies. April 29, 1938 http://www.presidency.ucsb.edu/ws/?pid=15637 Franklin D. Roosevelt Inaugural Address, March 4, 1933 http://www.presidency.ucsb.edu/ws/?pid=14473 "How Democrats Killed Their Populist Soul" by Matt Stoller, October 24, 2016 https://www.theatlantic.com/politics/archive/2016/10/how-democrats-killed-their-populist-soul/504710/ "An Entrepreneurial Society Needs an Entrepreneurial State" by Mariana Mazzucato, October 25, 2016 https://hbr.org/2016/10/an-entrepreneurial-society-needs-an-entrepreneurial-state
Views: 1727 Alberto Veronese
Stephanie Kelton, L. Randall Wray
MMT on The Difference Between Financial Saving and Real Wealth Randy Wray - Prospects for Growth - Interview by Stephanie Kelton Randy Wray: The Taper, the Debt Ceiling and the Prospects for Growth Excerpts from an interview by Stephanie Kelton -- September 23, 2013 http://stephaniekelton.com/2013/09/23/randy-wray-the-taper-the-debt-ceiling-and-the-prospects-for-growth/ Randy Wray, Professor of Economics at the University of Missouri-Kansas City talks Fed policy. http://www.economonitor.com/blog/author/rwray/ Stephanie Kelton, Ph.D. is Associate Professor and Chair of the Department of Economics at the University of Missouri-Kansas City. http://stephaniekelton.com/ ... "Stephanie Kelton Interviews L. Randall Wray on Monetary Policy and the Economics of Retirement Security" by Dan Kervick (Sep 24, 2013) http://neweconomicperspectives.org/2013/09/stephanie-kelton-interviews-l-randall-wray-monetary-policy-economics-retirement-security.html#more-6462 "Wray and Kelton both clearly bring out the point that it is illusory to think that we can provide for our citizens' future retirements simply by stashing away money, whether in private plans or public plans." Google The Web Modern Money Theory (MMT) www.neweconomicperspectives.org
Views: 910 Alberto Veronese
The Treasury And The Federal Reserve
Fiscal Policy -- Creates/destroys Net Financial Assets "More Spending Out of More Income" Monetary Policy -- No change in Net Financial Assets "More Spending Out of Existing Income" For The Full Lecture Go To: http://youtu.be/soVyyyXrcwo Modern Money and Public Purpose, Feb, 8, 2013 6. Independence or Marriage? Interactions Between Monetary & fiscal Policy More information & background reading: http://www.modernmoneyandpublicpurpose.com/ Scott Fullwiler, Ph.D. http://www.modernmoneyandpublicpurpose.com/scott-fullwiler.html Five Buffer Stocks for Macroeconomic Policy Scott Fullwiler, Feb 18, 2013 http://prezi.com/4g7ljmskquon/five-buffer-stocks-for-macroeconomic-policy/ QE3, Treasury Style—Go Around, Not Over the Debt Ceiling Limit Scott Fullwiler, Jul 11, 2011 http://neweconomicperspectives.org/2011/07/qe3-treasury-stylego-around-not-over.html While the Department of the Treasury is perhaps best known for its role in collecting taxes and managing government revenue, its official mission is to "serve the American people and strengthen national security by managing the U.S. government's finances effectively, promoting economic growth and stability and ensuring the safety, soundness and security of the U.S. and international financial systems. Video Created with the YouTube Video Editor
Views: 1035 Alberto Veronese
Building the Erie Canal
'Wedding of the Waters': Building the Erie Canal Robert Siegel talks with Peter Bernstein, author of Wedding of the Waters: The Erie Canal and the Making of a Great Nation, about the building of the canal and its impact on America, east and west - npr books, Feb 1, 2005 http://www.npr.org/templates/story/story.php?storyId=4474422 Wedding Of The Waters The Erie Canal And The Making Of A Great Nation by Peter L. Bernstein http://www.npr.org/books/titles/138436222/wedding-of-the-waters-the-erie-canal-and-the-making-of-a-great-nation "Without the gritty determination of a small group of men convinced of the prospect of a great nation," he wrote, "the Erie Canal would not have been built and the Western territories would in all likelihood have broken away." Peter L. Bernstein, American financial historian (Jan 22, 1919 -- Jun 5, 2009). Peter L. Bernstein, Explainer of Risks of Stocks, Dies at 90 The New York Time, Louis Uchitelle, Jun 7, 2009 http://www.nytimes.com/2009/06/08/business/08bernstein.html?_r=0 "[Peter L. Bernstein] argued that public spending was necessary for a healthy market economy. [He] also argued that government's role in the economy should not have been curtailed as President Ronald Reagan sought to do in the 1980s, when he argued that the deficit was too large to maintain public spending. It was not too large, [Bernstein] said, as a percentage of the nation's economic output." The New York Time, Louis Uchitelle Peter L. Bernstein; Influential Economic Historian Bloomberg News, David Wilson, Jun 9, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/06/08/AR2009060803915.html DeWitt Clinton, American politician and naturalist, United States Senator and sixth Governor of New York (Mar 2, 1769 -- Feb11, 1828) Silent footage of Franklin D. Roosevelt on Erie Canal barge trip in 1930. Samuel I. Rosenman Archival footage from the FDR Presidential Library. Collection FedFlix http://archive.org/details/gov.fdr.143 Big, Small or Not at All: Assessing Public-Works Projects Christopher Aceto and Holly Epstein Ojalvo, Dec 1, 2009 cause and effect aren't clear, but the strongest periods of economic growth in America have generally coincided with big outlays for new public works and the transformations they bring once completed. http://learning.blogs.nytimes.com/2009/12/01/big-small-or-not-at-all-assessing-public-works-projects/ Building the Erie Canal Was Messy: It's Worth Remembering That! http://hnn.us/articles/105398.html
Views: 9707 Alberto Veronese
Michael Hudson, MMT: World's First Major Conference, Rimini
Max talks to Dr. Michael Hudson about Modern Monetary Theory (University of Missouri - Kansas City) -- The Keiser Report with Max Keiser and co-host, Stacy Herbert (Mar 8, 2012) For the full video (a must listen), visit RT -- Keiser Report: http://youtu.be/r6wumoIHVuM Transcript Posted on March 1, 2012 by Michael Hudson: http://neweconomicperspectives.org/2012/03/2181-italians-pack-sports-arena-to.html Panelists: Stephanie Kelton, Alain Parguez, William Black, Michael Hudson, Marshall Auerback Paolo Barnard's investigations, discoveries and publications, his hard work leaded to the organization of the first italian meeting on Modern Money Theory, held on February 24th-26th, 2012 in Rimini. Paolo Barnard, a high profile investigative journalist, author of "Il più Grande Crimine" http://www.paolobarnard.info/ http://www.democraziammt.info MMT (Modern Money Primer) http://neweconomicperspectives.blogspot.com/p/modern-money-primer.html Stephanie Kelton, L. Randall Wray, William K. Black, Marshall Auerback, Pavlina R. Tcherneva, Scott Fullwiler, Eric Tymoigne, Mitch Green, Robert E. Prasch, Dan Kervick, Rob Parenteau, Warren Mosler, Bill Mitchell Google The Web: University of Missouri, Kansas City The Kansas City Approach Modern Money Theory John Maynard Keynes Chartalism Keiser Report, Uploaded by RussiaToday on Mar 8, 2012 KR on FB: http://www.facebook.com/KeiserReport Follow Max Keiser on Twitter: http://twitter.com/maxkeiser Please note that this video may contain copyrighted material. Such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 1825 Alberto Veronese
Bernanke Explains the Gold Standard
Edited Extracts - First lecture; Federal Reserve Chairman Ben Bernanke explains the Gold Standard (Mar, 20, 2012) For the Full Video/Lecture/Transcript Visit: Bernanke's College Lecture Series: The Federal Reserve and the Financial Crisis http://www.federalreserve.gov/newsevents/lectures/origins-and-mission.htm The most famous portion of William Jennings Bryan's "Cross of Gold" speech during the 1896 Presidential campaign. This is a rereading of the speech, most likely specifically intended for recording it on the wax cylinders of the time. http://www.archives.gov/exhibits/running-for-office/index.php?page=37 Ron Paul Tells Bernanke He Killed The Dollar, Silver Coin In Hand Agustino Fontevecchia, Forbes, Feb 29, 2012 http://www.forbes.com/sites/afontevecchia/2012/02/29/ron-paul-tells-bernanke-he-killed-the-dollar-silver-coin-in-hand/ Please note that this video may contain copyrighted material. Such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 1722 Alberto Veronese
The Powell Manifesto
The 1971 memo to Eugene Sydnor at the U.S. Chamber of Commerce, lawyer Lewis Franklin Powell Jr. calls for business to play a more activist role in American politics. The memo was written two months before President Nixon nominated him to the Supreme Court. The memo is credited with inspiring the founding of many conservative think tanks, including the Heritage Foundation, the Cato Institute and the Manhattan Institute. The Powell Memo (also known as the Powell Manifesto) did not become available to the public. It was leaked to Jack Anderson, a liberal syndicated columnist, when he cited it as reason to doubt Powell's legal objectivity. "[Powell] might use his position on the Supreme Court to put his idea into practice... in behalf of business interests." Jack Anderson Four decades of corporate pressure have transformed America. Tax rates on corporations and the wealthy have nosedived. Lawmakers have "deregulated" corporations in one sector after another. Unions, across wide swatches of the private sector, have disappeared. The United States has become, with all these changes, a far more unequal place. Confidential Memorandum: Attack of American Free Enterprise System Date: August 23, 1971 T0: Mr. Eugene B. Sydnor, Jr., Chairman, Education Committee, U.S. Chamber of Commerce From: Lewis F. Powell, Jr. http://www.pbs.org/wnet/supremecourt/personality/sources_document13.html Google The Web: Richard Milhous Nixon Lewis Franklin Powell Jr. Jack Anderson Barack Hussein Obama II Julian Paul Assange
Views: 3279 Alberto Veronese
The True View of Nature of Money (1948)
This is my 501st post. lol. I'm grateful for everyone who's followed. [...] A credit redeems a debt and nothing else does, unless in virtue of a special statute or a particular contract. The main obstacle to the adoption of a truer view of the nature of money is the difficulty of persuading the public that "things are not the way they seem," that what appears to be the simple and obvious explanation of every-day phenomenon is incompatible with ascertainable, demonstrable facts – to make the public realize, as it were, that while they believe themselves to be watching the sun's progress round the earth, they are really watching the progress of the earth round the sun. It is hard to disbelieve the evidence of our senses. We see a law which establishes in the United States a "standard dollar" of a definite weight of gold of a certain fineness; we see a law making the acceptance of these coins in payment of debt obligatory on the creditor – a law which is cheerfully obeyed without question; we see all commercial transactions carried on in dollars; and finally we everywhere see coins (or equivalent notes) called dollars or multiples or fractions thereof, by means of which innumerable purchases are made and debts settled. Seeing all these things, what more natural than to believe that, when the Law declared a certain coin to be the Standard Dollar, it really became so: that when we pronounce the word "dollar" we refer to a standard coin, that when we do our commercial transactions we do them, theoretically at least, in these coins with which we are so familiar. What more obvious that when we give or take a "promise to pay" so many dollars, we mean thereby a promise to pay golden coins or their equivalent. Suddenly we are told that our cherished beliefs are erroneous, that the Law has no power to create a standard dollar, that, when we buy and sell, the standard which we use is not a piece of gold, but something abstract and intangible, that when we "promise to pay" we do not undertake to pay gold coins, but that we merely undertake to cancel our debt by an equivalent credit expressed in terms of our abstract, intangible standard; that a government coin is a "promise to pay," just like a private bill or note. What wonder if the teacher of the novel doctrine is view with suspicion? What wonder if the public refuses to be at once convinced that the earth revolves around the sun?" (A. Mitchell Innes ) "The Credit Theory of Money" by A. Mitchell Innes, from The Banking Law Journal Vol. 31 (1914), Dec./Jan., Pages 151-168. https://www.community-exchange.org/docs/The%20Credit%20Theoriy%20of%20Money.htm Edited Excerpts from: Banks and Credit (1948) Coronet Instructional Films The Prelinger Archives collection https://archive.org/details/0537_Banks_and_Credit_19_41_46_04 Google The Web Modern Monetary Theory
Views: 3112 Alberto Veronese
Rep. Patman, Money For the People
Extracts of Wright Patman Interview, at Longines Chronoscope, A Television Journal of the Important Issues of the Hour, A presentation of the Longines-Wittnauer Watch Comapany. For full Video Visit: Longines-Wittnauer with Wright Patman http://youtu.be/DHdh55w9xt4 John William Wright Patman (1893-1976) was a Democratic representative from Texas, who served in the U.S. Congress from 1929 to his death on March 7, 1976. He was chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. In recent American history, remarkable and knowledgeable authorities denounced the racket of the Federal Reserve; One of his favorite ways to explain the workings of the Fed is to tell the story of the "Federal Reserve saloon": "Four cowboys put up their belongings as collateral to borrow a deck of cards. The hitch is that each of the four must bring back 14 cards at the end of the evening — a mathematical impossibility (there are only 52 cards in all, that is to say, 13 to each). In the end, one player ends up with only 10 cards and loses his belongings... that is the problem with the Fed. It creates money to make loans but doesn't create the money to pay the interest." "Now, I believe the system should be changed. The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks." (Wright Patman, excerpts from Congressional Record of the House of Representatives (pages 7582-7583) September 29, 1941) Under Patman, a little booklet summarizing his views, in the form of questions and answers, called "A Primer On Money", was prepared by the Sub-committee on Domestic Finance, House of Representatives, Committee on Banking and Currency — 88th Congress, 2nd session, August 4th, 1964. Here are excerpts: Q.: Who has the right to create money in the United States? A.: Under the Constitution, it is the right and duty of Congress to create money. It is left entirely to Congress. Q.: To whom has the Congress delegated this money-creating right? A.: To the banking system, that is, to the Federal Reserve System and to the commercial banks of the country. Q.: If the Government can issue bonds, why can't it issue money, and save the interest? A.: A few clear-headed and firm individuals, such as Abraham Lincoln, have insisted that the Government should. John Wright Patman's "A Primer On Money" http://www.scribd.com/doc/18077819/Wright-Patman-Primer-on-Money Thanks for YouTube Sharing: user/PublicResourceOrg Uploaded on Jan 7, 2011 LONGINES-WITTNAUER WITH WRIGHT PATMAN - National Archives and Records Administration - ARC Identifier 95886 / Local Identifier LW-LW-292 - Brought to you by Longines, World's Most Honored Watch. Copied by IASL Master Scanner Thomas Gideon.
Views: 1538 Alberto Veronese
Jack Ma: Spend the Money On Your Own People
edited excerpts "Jack Ma: America has wasted its wealth" Stéphanie Thomson, World Economic Forum, 18 January 2017 https://www.weforum.org/agenda/2017/01/jack-ma-america-has-wasted-its-wealth/ - Jack Ma, Executive Chairman, Alibaba Group, People's Republic of China “In the past 30 years, America has had 13 wars at a cost of $14.2 trillion. That’s where the money went.” “What if they had spent part of that money on building up their infrastructure, helping white-collar and blue-collar workers? You’re supposed to spend money on your own people.” "These 3 trends will define your future, says Jack Ma" Ross Chainey, World Economic Forum, 19 January 2017 https://www.weforum.org/agenda/2017/01/jack-ma-three-trends-define-future/ “The next 30 years are critical for the world... The most important thing is to make the technology inclusive. Next, pay attention to those people who are 30 years old, because those are the internet generation. They will change the world, they are the builders of the world... Third, let’s pay attention to the companies who have fewer than 30 employees... So, 30 years, and 30 years old, and 30 employees, that way we can make the world much better.” - Jack Ma ... Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 1647 Alberto Veronese
The Nixon Shock
On August 15, 1971, President Nixon announced on TV 3 dramatic changes in economic policy. He ends the Bretton Woods international monetary system. He imposes a temporary tax on all imports. This was one of the most important decisions in modern financial, economic and monetary history. Key Economic Facts: Under the gold standard, a government is limited -- both legally and practically -- as to how much paper money it can print. As recently as the Lyndon Johnson administration, the U.S. could print paper dollars equal only to four times the value of the nation's gold reserves. Closing the gold window -- is a euphemism for the U.S. defaulting on its promise to other countries to redeem dollars for gold. In effect, it's a one hundred percent devaluation, a -- de facto -- default on the promise to redeem. The current world monetary system assigns no special role to gold; indeed, the Federal Reserve is not obliged to tie the dollar to anything. It can print as much or as little money as it deems appropriate. Thanks for YouTube sharing by user/TheYouDataBank Google The Web: Nixon Shock The Bretton Woods system Gold Standard Federal Reserve
Views: 63542 Alberto Veronese
The Italian MMT Summit, Rimini
Paolo Barnard's investigations, discoveries and publications, his hard work leaded to the organization of the first italian meeting on Modern Money Theory, held on February 24th-26th, 2012 in Rimini. "How to stop the plundering of Italy, of our incomes, of our rights and of the future of our children" Panelists: Stephanie Kelton, Alain Parguez, William Black, Michael Hudson, Marshall Auerback Paolo Barnard, a high profile investigative journalist, author of "Il più Grande Crimine" http://www.paolobarnard.info/ http://www.democraziammt.info MMT (Modern Money Primer) http://neweconomicperspectives.blogspot.com/p/modern-money-primer.html Stephanie Kelton, L. Randall Wray, William K. Black, Marshall Auerback, Pavlina R. Tcherneva, Scott Fullwiler, Eric Tymoigne, Mitch Green, Robert E. Prasch, Dan Kervick, Rob Parenteau. Google The Web: L. Randall Wray Warren Mosler Bill Mitchell John Maynard Keynes Chartalism
Views: 16412 Alberto Veronese
J. M. Keynes, When the Day of Peace Comes
The General Theory of Employment, Interest, and Money - Dec 13, 1935 http://ebooks.adelaide.edu.au/k/keynes/john_maynard/k44g/ J. M. Keynes 1939 (pre-war) radio address on the beginning of The Grand Experiment... Related Content: The Economic Consequences of the Peace "[...] We have been moved already beyond endurance, and need rest. Never in the lifetime of men now living has the universal element in the soul of man burnt so dimly." John Maynard Keynes, Nov 1919. http://www.gutenberg.org/files/15776/15776-h/15776-h.htm John Maynard Keynes Explains Cure to High Unemployment in His Own Voice. (1939) OpenCulture, Jun 21, 2012 http://www.openculture.com/2012/06/john_maynard_keynes_explains_cure_to_high_unemployment_in_his_own_voice_1939.html On May 23, 1939, just a day after signing the "Pact of Steel", Hitler held a speech before his top military commanders, starting by noting Danzig as a means to engage Poland in a war to gain Lebensraum ("living space") for the German people; fixing Germany's economy would be "impossible without invading other countries or attacking other people's possessions." http://germanhistorydocs.ghi-dc.org/sub_document.cfm?document_id=1546 http://ww2db.com/battle_spec.php?battle_id=162 http://www.historyplace.com/worldwar2/triumph/tr-last.htm
Views: 33619 Alberto Veronese
ESM, European Stability Mechanism
The new treaty to create a European Stability Mechanism (ESM) was signed on 2 February 2012 by the eurozone countries' ambassadors in Brussels. Herman Van Rompuy, President of the European Council, welcomed the signing of the treaty, saying that this permanent crisis mechanism would contribute to raising confidence and ensuring solidarity and financial stability in the euro area. The ESM will be a Luxembourg-based international financial institution, which will support euro area countries where indispensable to safeguard financial stability. It is scheduled to become operational in July 2012. The treaty was originally signed in July 2011 but has now been modified to make the ESM more effective. Source: http://consilium.europa.eu/homepage/showfocus?lang=en&focusID=79757 Thanks for YouTube Sharing: user/2012sprint Uploaded on Dec 17, 2011 Google The Web: ECB IMF Fiscal Compact Lisbon Treaty
Views: 2036 Alberto Veronese
Warren Mosler, What a Good Economy Should Look Like
Mosler Economics. Warren Mosler's recent talk in Chianciano, Italy New Economic Perspectives/ Jan 27, 2014 http://neweconomicperspectives.org/2014/01/beyond-euro-left-crisis-alternative.html [... ] The deficit is what the government spends, and it is not used to pay taxes yet... and it stays in the economy in one form or another until it is used to pay taxes. The Center of the Universe - Warren Mosler Economics Mosler's Law: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it. www.moslereconomics.com/‎ "Non eravamo i PIIGS. Torneremo Italia." Programma ME-MMT http://memmt.info/site/ Warren Mosler (ME-MMT)/ Oltre L'Euro: La Sinistra. La Crisi. L'Alternativa. Jan 11, 2014 http://www.youtube.com/watch?v=NM-9vU... Google The Web Modern Monetary Theory
Views: 551 Alberto Veronese
A Sovereign Government Issues its Own Currency
Sep 11, 2012 - Modern Money and Public Purpose Modern Money: The way a sovereign currency "works" L. Randall Wray, University of Missouri-Kansas City Modern Money and Public Purpose 2012-2013 Seminar Series on Contemporary Issues in Law and Political Economics Columbia Law School, 435 West 116th Street, New York http://www.modernmoneyandpublicpurpose.com/ For The Full Show Visit: http://youtu.be/0zEbo8PIPSc Thanks for YouTube Sharing: /user/ModMonPubPurpose Uploaded on Sep 22, 2012 Economists at New Economic Perspectives Modern Money Theory" or "The Kansas City Approach," builds on the work of Abba P. Lerner, John Maynard Keynes, Hyman P. Minsky, Wynne Godley and other important figures of the past. http://www.neweconomicperspectives.org .pdf download file: St. Louis Fed. "As the sole manufacturer of dollars, whose debt is denominated in dollars..." http://www.bcra.gov.ar/pdfs/eventos/JMB_2012_Wray_3.pdf Video created with the YouTube Video Editor
Views: 893 Alberto Veronese
Frank Newman, Freedom from National Debt
" We have been too reluctant to take steps that would be good for the nation, as we have been held back by needless fear of increasing the 'national debt.' " (Frank N. Newman) "Freedom from National Debt" Frank N. Newman, May 2, 2013 http://www.amazon.com/books/dp/1626520380 " That's a great shame, because America remains a nation of tremendous resources in every sense, and the underlying assumptions about U.S. government financial instruments are not correct. America can never face the debt problems of nations like Greece, thanks to its fundamentally different financial system. " Frank N. Newman Served as Deputy Secretary of the U.S. Treasury. Prior to that, he was Vice Chairman of the Board and CFO of BankAmerica Corporation, and Executive Vice President and CFO of Wells Fargo Bank. http://www.globalstrategicassociates.com/?page_id=364 http://www.promontory.com/Bios.aspx?id=1180 "Six Myths that Hold Back America: And What America Can Learn from the Growth of China's Economy" Frank N. Newman, Dec 6, 2011 http://www.amazon.com/dp/098398851X "Author Examines Six Myths About U.S. Economy" Kenneth Rapoza, Forbes, Mai 12, 2011 http://www.forbes.com/sites/kenrapoza/2011/12/05/author-examines-six-myths-about-u-s-economy/ "Former Treasury official: Let's keep running big deficits" Shawn Tully, CnnMoney-Fortune, May 16, 2013 http://features.blogs.fortune.cnn.com/tag/frank-n-newman/ ..... (MMT) What is Modern Monetary Theory? By Dale Pierce, Mar 11, 2013 http://neweconomicperspectives.org/2013/03/what-is-modern-monetary-theory-or-mmt.html ..... Edited Excerpts from: Should the U.S. be More Like China? "[...| Author Frank Newman argues the U.S. can learn from the Chinese government and needs to spend more money to grow..." Foxbusiness, Jan 11, 2012 http://video.foxbusiness.com/v/1383633325001/should-the-us-be-more-like-china/ Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 1993 Alberto Veronese
1935 – Roosevelt, The Social Security Act
“Your Job Insurance, Louisiana 1937“ by United States. Social Security Administration "Describes federal-state cooperation in inaugurating an unemployment compensation program in Louisiana. Shows the U.S. Congress in session, President Roosevelt signing the Social Security Act in 1935, and panoramic views of Louisiana industry. Describes the benefits received by an unemployed Louisiana workman under the state program." Published 1937 Usage Public Domain Mark 1.0 National Archives Identifier: 11284 https://archive.org/
Views: 6281 Alberto Veronese
Alan Greenspan, US - The Source of All Money
Alan Greenspan Chairman of the Federal Reserve of the United States from 1987 to 2006, on NBC's Meet the Press, Sunday, 7 Aug 2011 Following Standard and Poor's decision to downgrade America's credit rating, Alan Greenspan says: "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" Key Economic Facts: US Can Print Money Alan Greenspan's "disdain for regulation" always affirmed "the market would take care of the fraudsters by self-regulating itself". (October 20, 2009 Time article) Today Greenspan is advocating fiscal austerity while he knows that public debt is unproblematic and that extra spending is required and that the debt-repayments provides income to the private sector. Thanks for YouTube sharing by user/detersbb Google the Web: MMT New Economic Perspective William K. Black Worldwide Currency Changes Federal Reserve Treasury Department Reservoir of excess capacity US economy Creditworthiness
Views: 1906 Alberto Veronese
Joseph Stiglitz, The Purpose of the Economy
Edited Extracts of Joseph E. Stiglitz's speech at the panel entitled "Is Mercantilism Doomed to Fail? China, Germany, and Japan and the Exhaustion of Debtor Countries" at the Institute for New Economic Thinking's (INET) Paradigm Lost: Rethinking Economics and Politics Axica Conference Center & Federal Foreign Office, Berlin April 12-15, 2012 For Full Video Visit: http://ineteconomics.org/conference/berlin/all-videos-day-2 http://www.ineteconomics.org/ http://www.youtube.com/user/INETeconomics http://twitter.com/#!/INETeconomics Please note that this video may contain copyrighted material. Such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all. Google The Web: Gross domestic product (GDP) Gross National Product (GNP) Genuine progress indicator (GPI) Human development index (HDI) Gross national happiness (GNH) Happy Planet Index (HPI) Future Orientation Index
Views: 845 Alberto Veronese
Federal Budget - JFK, Says it All
John Fitzgerald Kennedy Yale University Commencement (June 11, 1962) http://millercenter.org/president/speeches/detail/3370 "What matters is the capacity of the Nation as a whole to deal with its economic problems and its opportunities." "The solid ground of mutual confidence is the necessary partnership of government with all of the sectors of our society in the steady quest for economic progress." The Miller Center is a nonpartisan institute that seeks to expand understanding of the presidency, policy, and political history, providing critical insights for the nation's governance challenges. http://millercenter.org/ ... "JFK and Federal Budgetary Policy" Mathew Forstater, Nov 22, 2013 http://neweconomicperspectives.org/2013/11/jfk-federal-budgetary-policy.html#more-6959 "On this, the 50th anniversary of the assassination of President John F. Kennedy, we would do well to remind ourselves that another loss resulting from that fateful day was that of a progressive trend in leadership regarding federal budgetary policy. The points are expressed so clearly they require no interpretation or commentary." Mathew Forstater ... "JFK and Federal Budgetary Policy under the Authority of Gold" Mike Norman, Nov 23, 2013 http://mikenormaneconomics.blogspot.ch/2013/11/jfk-and-federal-budgetary-policy-under.html Google The Web Modern Monetary Theory
Views: 656 Alberto Veronese
MMT-- Money, Debt, Democracy
Stephanie Kelton - What is money? Extracts of Stephanie Keaton's Lecture at the world's first major conference on MMT in Rimini, Italey - February 24th-26th, 2012. The world's working-class must inform itself to counter ruling-class fallacies and their dire consequences for humanity. The shackles will begin to fall away once the people recall the consent of the governed, question the legitimacy of authority, and realise they can decide what is money, debt, and democracy. Broadcast of Pacifica Radio's Guns and Butter For Full Transcript and Audio of Conference, Visit: - http://mediaroots.org/mr-transcript-italian-mmt-summit-2012.php - http://michael-hudson.com/wp-content/uploads/2012/GunsnButter03.07.2012.mp3 Paolo Barnard, author of "Il più Grande Crimine" 
 MMT (Modern Money Primer)

 Google The Web: 
Modern Monetary Theory Monetary Sovereignty
Views: 850 Alberto Veronese
Galbraith - US Govt Can Always Pay Its Bills
Edited Excerpts from "Public Debt Deceit with James Galbraith" Nov 15, 2013 Erin Ade http://rt.com/shows/boom-bust/us-occupy-debt-jubilee-698/ http://rt.com/ http://www.facebook.com/BoomBustRT http://twitter.com/ErinAde http://twitter.com/EnglishPI Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 295 Alberto Veronese
Stephanie Kelton - Moving To a Pure Fiat Money System
Edited Extracts from Stephanie Kelton's web conference at USILive2012 with host Walton Pantland, Union Solidarity International (Jul 7, 2012) For The Full Webcast Visit: http://youtu.be/Qnj1ofZ8S3w Thanks for YouTube Sharing: /user/USILive2012 Uploaded on Jul 7, 2012 Web conference with Stephanie Kelton on Modern Monetary Theory and Austerity http://www.youtube.com/user/USILive2012 Also Watch: Stephanie Kelton - What is money? http://youtu.be/w-8mn-we-Cc Extracts of Stephanie Keaton's Lecture at the world's first major conference on MMT in Rimini, Italey - February 24th-26th, 2012. New Economic Perspectives http://www.neweconomicperspectives.org/ Google The Web: Modern Monetary Theory (MMT) Hyman Philip Minsky Wynne Godley John Maynard Keynes Abba P. Lerner
Views: 850 Alberto Veronese
Warren Mosler, We're Grossly Overtaxed
- (Originally Posted, Feb 16, 2013) - Sorry Folks! I accidentally deleted my last 30 videos; ... ... ... ... Taxes For Revenue Are Obsolete -- "[...] All federal taxes must meet the test of public policy and practical effect. The public purpose which is served should never be obscured in a tax program under the mask of raising revenue" -- Beardsley Ruml, Chairman of the Federal Reserve Bank of New York, January, 1946, Extracts from: George Jarkesy Radio Show 4 Feb 14, 2013 http://www.georgejarkesy.com/2013/02/14/warren-mosler-economist-jerry-robinson-author-and-economist-andrew-sachais-join-the-show/ Warren Mosler, American economist http://moslereconomics.com/ Taxes For Revenue Are Obsolete Warren Mosler, Huff Post, Apr 18, 2010 http://www.huffingtonpost.com/warren-mosler/taxes-for-revenue-are-obs_b_542134.html Beardsley Ruml, Chairman Federal Reserve Bank of New York http://home.hiwaay.net/~becraft/RUMLTAXES.html 7 Deadly Innocent Frauds of Economic Policy -- Warren Mosler [...] Our current institutional structure -- the tax code and other laws and incentives on the books -- have made our children an expense rather than an investment..." http://moslereconomics.com/2009/12/10… Austerity, The 7 Frauds -- Fistfullproduction, Nov 4, 2012 http://youtu.be/O6OZf5p47co Google The Web: Modern Monetary Theory (MMT) Please note that this video may contain copyrighted material. Such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Views: 789 Alberto Veronese
Sibel Edmonds, Terror From Inside US Government
Edited Exctracts. Sibel Deniz Edmonds, founder of the National Security Whistleblowers Coalition, author of 'Classified Woman-The Sibel Edmonds Story', a memoir published on March 9, 2012. (RTAmerica May 9, 2012) For the Full Interview Visit: http://youtu.be/sZ4qqe84u50 With U.S. citizens increasingly stripped of their rights in a calibrated media blackout, Edmonds' story is a wake-up call for all Americans who, willingly or unwillingly, traded liberty for illusive security in the wake of 9/11. Classified Woman -The Sibel Edmonds Story http://www.amazon.com/Classified-Woman-The-Sibel-Edmonds-Story/dp/0615602223 Thanks for YouTube Sharing: user/RTAmerica Uploaded on May 9, 2012 Follow RT: http://twitter.com/RT_America http://www.facebook.com/RTAmerica Google The Web: National Security Whistleblowers Coalition (NSWBC)
Views: 1095 Alberto Veronese
Post Galilean Steve Keen Knocks Out Neo Ptolemaic Krugman
Edited Extracts from Steve Keen's Talk to RT's Lauren Lyster. For Full Video Visit Capital Account: http://youtu.be/iWEq27Ai6ZU "The internet has been abuzz over the blogosphere boxing match between Nobel Laureate and New York Times columnist Paul Krugman and debunker of economic conventional wisdom and superhero economist, Steve Keen [...] [...] Steve Keen gave Paul Krugman one upper-cut too many for the establishment intellectual to handle. Krugman declared victory and walked away before he could be dealt any more blows to his economic ego -- not before Krugman could land one more low blow though..." (Capital Account, Apr 4, 2012) Steve Keen is Professor of Economics & Finance at the University of Western Sydney, and author of the popular book "Debunking Economics" (Second edition -- Zed Books UK, 2011) http://www.debunkingeconomics.com/ http://www.debtdeflation.com/blogs/about/ Since 1999 Paul Krugman is an Op-Ed columnist for The New York Times and professor of Economics and International Affairs at Princeton University. http://krugman.blogs.nytimes.com/ Thanks for YouTube Sharing: user/CapitalAccount Uploaded on Apr 4, 2012 http://twitter.com/laurenlyster http://twitter.com/coveringdelta Google The Web: Neoclassical economics Keynesian economics
Views: 2217 Alberto Veronese
Necessitous Men are not Free Men
"[...] we must be prepared to move forward, in the implementation of these rights, to new goals of human happiness and well-being." Franklin D. Roosevelt XXXII President of the United Stated 1933-1945 State of the Union Message to Congress, Jan 11, 1944 http://www.presidency.ucsb.edu/ws/index.php?pid=16518 " Your Government Owes You a Job" Raúl Carrillo, The Nation, Apr 23, 2014 http://www.thenation.com/article/179476/your-government-owes-you-job# "The federal government can easily afford a job guarantee program, becoming our employer of last resort." Raúl Carrillo co-organizer for The Modern Money Network (MMN), an interdisciplinary educational initiative for understanding money, finance, law and the economy.
Views: 551 Alberto Veronese
Michael Hudson, The Wall Street Gang
Extracts from "Michael Hudson on Europe of Democracy to Eurozone of Oligarchy" CapitalAccount; Talk to economist Michael Hudson. Is tax evasion really the problem? Is it governments colluding with banks to rob the people blind that is to blame? Michael Hudson's views whether or not it should be the 99.99% vs the .01%. Thanks for YouTube Sharing: user/CapitalAccount Uploaded on Dec 7, 2011 Key Economics Facts: Europe's elite consolidates personal and national wealth on the continent into an oligarchy of the rich and well-connected. Technocracy means Democracy is over -- Technocrats taking over the Democracy -- it's an Occupation Government. A technocrat is a financial lobbyist. The people demonstrating in the street of Greece want the whole world to know that they are not behind these debts. Google The Web: Timothy Geithner Eric Holder Jon Corzine MF Global Goldman Sachs ECB IMF IRS Free Markets Modern Money Theory
Views: 559 Alberto Veronese
Warren Mosler, QE? Essentially Useless!
Warren Mosler -- Banks do not wait for new reserves to grant credit. What they are looking for are creditworthy borrowers. Quantitative easing is an essentially useless channel. It assumes that credit is supply-constrained. It assumes that banks will grant more loans because they have more settlement balances. Full Show at: MMT's Warren Mosler on Why the Fed Isn't Printing: http://www.youtube.com/watch?v=0B9C8RARSUc The Prime Interest, Jul 15, 2013 http://www.youtube.com/user/theprimeinterest/ Prime Interest on RT - Broadcast live from Washington, D.C., Prime Interest navigates the financial and monetary landscapes. Check them out on Facebook:
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http://twitter.com/PerianneRT ... ... ... "Quantitative easing" by Warren Mosler, Jul 24, 2009 http://moslereconomics.com/2009/07/24/quantitative-easing/ QE happened because the elite doesn't understand Keynes or Modern Monetary Theory by Ralph Musgrave, July 17, 2013 http://ralphanomics.blogspot.ch/2013/07/qe-happened-because-elite-doesnt.html
Views: 650 Alberto Veronese
1987 Alan Greenspan, Chairman of the Fed
Glass-Steagall Oversight - Role of Financial Institutions (October 5, 1987) House Energy and Commerce Committee. Subcte. on Telecommunications and Finance. The subcommittee holds a hearing on the role of financial institutions in the economy. [Excerpts] The hearing focused on oversight of Glass-Steagall banking regulations and the effects on the market of such regulations. Filmed by C-SPAN. Full Video: http://www.c-spanvideo.org/program/691-1 http://archive.org/details/org.c-span.691-1 Alan Greenspan, appointed chairman of the Federal Reserve, 1987 - 2006 Monday, October 19, 1987, stock markets around the world crashed, shedding a huge value in a very short time. Google The Web: Glass--Steagall Act Black Monday Greenspan put
Views: 2418 Alberto Veronese

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