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economics

Goldman Sachs CEO: "doing God's work." Enron CEO: "We are on the side of angels."

hyperlinks and video live at source: http://www.examiner.com/examiner/x-18425-LA-County-Nonpartisan-Examiner~y2009m11d10-Goldman-Sachs-CEO-doing-Gods-work-Enro...

Bank executives are cashing-in with bonuses from stock options at record rates (again), with the chair and CEO of Goldman Sachs literally claiming that they are doing God’s work (yes, really). Goldman Sachs makes money through “trading.” For analogy, I suggest reviewing the history of another record-setting company for profits that “traded”: Enron. In the two-minute trailer to the documentary, “The smartest guys in the room,” CEO Jeffrey Skilling also says, “We are the good guys. We are on the side of angels.”

For your consideration: trading that does not produce goods and services is a euphemism for gambling (look it up).

The American public is transferring record amounts of our money to subsidize the gambling losses of banksters. Please study the information in the above links. I doubt you can make a persuasive argument of being a competent citizen if you are under-informed on current policy involving multiple trillions of our taxes.

Bailout overseer Elizabeth Warren: banks recklessly gamble knowing US taxpayers will pay losses

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m11d9-Bailout-overseer-Elizabeth-Warren-banks-reckless...

Elizabeth Warren is a Harvard law professor specializing in contract, bankruptcy, and commercial law. She is also chair of the Congressional oversight committee for the so-called "bailout." In the following 6-minute interview, Warren sharply criticizes the political “leadership” of both parties for allowing the big banks to gamble and profit, then be bailed-out when their gambling crashes. She states that the banks were given our money while we were left on our own. She sites the most recent economic data of unemployment officially reported at over 10%, with the more realistic closer to twice that amount (and here).

Understanding 9/11 requires following the money. The heart of money is its creation by the banksters

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m11d6-Understanding-how-nations-create-money-and-how-t...

Below is a concise and lucid explanation of how nations create money by economist John Hotson. This topic is at the heart of our economic problems, and required understanding for competent citizenry.

I’m among many writers who document that Americans are transferring unprecedented amounts of their hard-earned money to the oligarchy controlling our banks and casino-capitalism “investment” institutions. The solution is structurally simple for the public benefit of conservatively $1 trillion every year, and has been advocated by many of America’s sharpest historical minds. States can take control of their financial problems through state-owned banks; ending interest payments on their debt and earning profit by providing 2% mortgages for the good of the public.

Florida political leaders consider state bank: telling Wall Street to kiss their assets goodbye?

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m10d29-Florida-political-leaders-consider-stateowned-b...

Even though this idea is obviously cost-effective with just a few moments’ consideration of the facts, even though the idea of creating money and credit for the public good rather than for bank profit has a rich history of support from many of America’s brightest minds, and even though this is the “secret” to the state with the lowest unemployment in the nation along with a record budget surplus (it’s North Dakota, one of only two solvent states today), the idea of a state-owned bank creating its own credit is a new idea for many Americans.

Review: “Fall of the Republic,” an Alex Jones’ political & economic documentary

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m10d23-Review-Fall-of-the-Republic-an-Alex-Jones-polit...

By the end of high school, all young adults are instructed to understand and apply the scientific method to match data with hypotheses to explain the data. Most adults report they are able to do this under realistic conditions; that is, they have rational explanations for reality on a day-to-day basis, and especially for important issues. Daily, more adults are focusing their competent intellects upon our largest political and economic issues. Daily, more adults are constructing hypotheses of intentional destruction of our American rights, values, and economy as the only rational explanation of such gross malfeasance with US government and economic policies.

2009 US economy: largest transfer of wealth to financial/political elite in global history

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m10d20-2009-US-economy-largest-transfer-of-wealth-to-f...

Political “leadership” of the two oligarchy parties spin their economic policy as being for the public benefit. Professional economists increasingly cast economic policy in unprecedented harsh criticism, even calling for public demonstrations against what they claim as gross violations of financial law. Let’s consider current facts of high importance:

• Transfer of somewhere over $3 trillion with a total potental of $23.7 trillion to banks and financial institutions for the socialization of their gambling losses on illegal sub-prime mortgages and credit default swaps. We know the sub-prime lending was illegal because the FBI concluded 80% of all sub-prime fraud originated from the lenders.

Summary of all top ten Americans for monetary reform: the most important economic policy in US history

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m10d6-Top-10-Americans-for-monetary-reform-history-and...

The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment.

Please review the links above to fully understand this idea.

Getting post-Truth economics right: 86% of Econ professors supported monetary reform during Great Depression (last in series)

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m10d5-Top-10-Americans-for-monetary-reform-10-86-of-ec...

The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment.

Please review the links above to fully understand this idea.

Understanding post-Truth economic reform: powerful history from Charles Lindbergh, Sr.

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m10d4-Top-10-Americans-for-monetary-reform-9-Congressm...

The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment.

Please review the links above to fully understand this idea.

Top 10 Americans for monetary reform: #8: W.J. Bryan: 3-time Dem. Presidential candidate

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m9d25-Top-10-Americans-for-monetary-reform-8-William-J...

The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment.

Please review the links above to fully understand this idea.

Top 10 Americans for monetary reform: #7: Benjamin Franklin invents government WITHOUT TAXES!

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m9d24-Top-10-Americans-for-monetary-reform-7-Benjamin-...

“There is no Science, the Study of which is more useful and commendable than the Knowledge of the true Interest of one's Country; and perhaps there is no Kind of Learning more abstruse and intricate, more difficult to acquire in any Degree of Perfection than This, and therefore none more generally neglected. Hence it is, that we every Day find Men in Conversation contending warmly on some Point in Politicks, which, altho' it may nearly concern them both, neither of them understand any more than they do each other.

Thus much by way of Apology for this present Enquiry into the Nature and Necessity of a Paper Currency. And if any Thing I shall say, may be a Means of fixing a Subject that is now the chief Concern of my Countrymen, in a clearer Light, I shall have the Satisfaction of thinking my Time and Pains well employed.” – Benjamin Franklin, A Modest Enquiry into the Nature and Necessity of Paper Currency, 1729.

Post-Truth economic reform: educational insight from two House Banking Committee Chairs

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m9d23-Top-10-Americans-for-monetary-reform-6

The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment.

Please review the links above to fully understand this idea.

Post-Truth economic reform: incisive perspective from NY City Mayor John Hylan

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m9d23-Top-10-Americans-for-monetary-reform-5-New-York-...

The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment.

Please review the links above to fully understand this idea.

Planning post-Truth economics: Top 10 Americans for monetary reform: #4: Inventor and Presidential candidate Peter Cooper

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m9d22-Top-10-Americans-for-monetary-reform-4-Inventor-...

The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment.

Please review the links above to fully understand this idea.

understanding economic controlled demolition: 1 million homeless students, 40-50 class size, 100,000 laid-off teachers

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m9d21-US-schools-1-million-homeless-students-4050-clas...

Unemployment in the US is at Great Depression levels. When discouraged and part-time workers are included, the real unemployment rate (how it used to be counted in official statistics) is over 20%. This has predictable outcomes for our children: one million homeless students, class sizes of 40-50 while 100,000 laid-off teachers sit at home, and our children's growing disgust with American so-called ingenuity and leadership.

The solution to this problem is obvious. Yup. Think with me for a few moments to understand this for yourself.