Warren, here is Bill Moyers talking about ALEC, american legislative exchance council, a bunch of companies that are shaping state policy in all 50 states.

Have you contacted this group to try and get them to draft legislation about a jobs gaurantee program in the 50 states? How this would provide the businesses and business leaders with employed labor when the economy turns?

Do you know how accounting goes if there is currency fluctuations (always)?

Doesn’t that show as a huge gains/losses on goverments/central banks balance sheet?

Are FX reserves booked as an asset of the central bank?

“It would be great if Mosler spent more time writing about how a few individuals have become insanely rich beyond belief through favored access to monetary operations.”

Can you name them please?

i like transactions taxes on transactions i don’t want to take place
;)

All they care about is how to sell an ignorant America policy that will enrich the special interests that each congressman is connected to and that will ensure they get re-elected.

It would be great if Mosler spent more time writing about how a few individuals have become insanely rich beyond belief through favored access to monetary operations. Both access to information prior to everyone else and through access to the actual money prior to everyone else.

The current game in banker town is buying portfolios of 1,000 homes at 50% from Fannie Mae using free money borrowed from taxpayers at ~0%.

Oh, and these are the same houses that the banks got to dump onto the taxpayers at 100% during the great bailout. See how that works? Is that capitalism or is the criminal corruption?

Actually, it is fascism 101. Nothing will improve until congress eliminates the federal reserve and will get back to real money, managed directly by the people (congress).

WHEREAS the federal government belongs to all the people, and WHEREAS the federal government creates all of the dollar currency used by all the people, and WHEREAS all of the dollar currency so created belongs to the public commons until it is deposited in a commercial bank, and WHEREAS the federal government can provide funding to employ the unemployed in productive work, and WHEREAS all the people benefit from being gainfully employed in a highly productive economy, and WHEREAS the federal government can control currency inflation by raising federal taxes if needed; BE IT THEREFORE RESOLVED, that the federal government will create for deposit in state treasuries the amount of public commons currency dollars needed to fully support state job programs that provide productive employment at a living wage to all citizens willing and able to work, and BE IT FURTHER RESOLVED that said federal job program will be utilized whenever the national unemployment rate is over 5%, and BE IT FURTHER RESOLVED that whenever the national consumer price index (CPI) rises above 5%, a 1% surtax on adjusted gross income will be paid by all citizens until the CPI returns to 5% or less.