On the January 24, 2015 episode of Exposing Faux Capitalism, I discussed:
Hey, hey, hey, it’s not Fat Albert, it’s Bill Cosby who came to town, Target Canada didn’t hit the mark and is going out of business, a woman who found porn on her cell phone, local government shenanigans and I am not Charlie.
In it, I address her initial claims, why I was never interested in interviewing her, her position on gold and local currencies, her change of strategy in no longer talking about the “coneheads” and related issues.
I was a guest on the Josh Tolley Show on January 28, 2014, and I talked about economic freedom and the an entrepreneurial economy vs. an employment economy (from 14 mins. to 37), especially vis-a-vis Canada and the U.S., and how Canada has increased its freedom relative to the U.S. for five straight years according to the Heritage Foundation.
I said how I had watched other State of the Union addresses but wouldn’t be watching this one.
I was pleasantly surprised to hear a caller call in during the start of the second hour and said that he had heard me on another network (Oracle Broadcasting) and he really appreciated the point I had made about the educational system.
1m – Credit default swaps
3m – The Federal Reserve as the world’s bank
5m – Big economic busts are a direct consequence of the debt-money system with compound interest
5m – Individual interest-based contracts valid, but not in the aggregate
6m – The little-discussed depression of 1920
7m – The multiple and conflicting definitions of money
8m – The primary function of money is to serve as a medium of exchange
9m – Admitted by Austrian School economists that gold has no intrinsic value
9m – Why the Federal Reserve Notes are not fiat money, since they are issued by privately owned regional banks
10m – Misdefinition of fiat money to mean not money not backed up by precious metals
11m – Original definition of usury to mean any amount of interest charged on loans, and not some arbitrary amount set by law
12m – Banks get immense government privileges — such as being able to issue credit tied to the national currency
14m – The Federal Reserve also has privilege to create the world’s reserve currency
15m – The Fed’s banking elite origins
16m – Canada didn’t have a central bank until 1935, and it had different origins than the Fed, with Western farming interests pushing for it
16m – Shouldn’t be any central bank — only a national treasury
18m – Institutions and the people in them both matter a lot, but the structuring of institutions is key, since any bad institution can bring out the worst in people
19m – Form of government that allows for wealth redistribution, such as in the U.S., depends on a moral people
20m – 2010 article about non-U.S. banks that got bailed out by the supposed national bank of the United States, the Fed
21m – Change from mark-to-market to mark-to-model for valuing bank assets, to prop up bogus bookkeeping
22m – Derivatives formulas didn’t take into account super cycles
22m – One-time full audit of the Federal Reserve
23m – >70% of consumer deposits held by only 6 biggest banks in U.S.
23m – Should the bankrupt banks have been allowed to fail?
24m – Paul Krugman’s call for nationalizing the banks
25m – My proposed response to the 2008 crisis
26m – Problems with a centralized system
27m – A crisis brings lots of opportunity for change
28m – The Volcker Rule still not implemented
29m – Ithaca Hours local currency and other local currencies
30m – State banking initiatives led by Ellen Brown
30m – U.S. Congress has the second worst representation of any country in the world, with China having better representation
31m – California Governor Jerry Brown vetoed a bill just to even study the implementation of a state bank
31m – Real solutions start locally
32m – Some currencies served different purposes
32m – Gold is deflationary
33m – Gold dropped from $850 USD an ounce in 1980 to below $250 USD by 2001
33m – Gold went from $20.67 USD an ounce in 1933 to $35 an ounce less than a year later, just by law
34m – Don’t know how much gold is still in Fort Knox, or is there but has been pledged for debts
34m – Gold is a scarce resource, and the properties of the currency determine its usage
34m – Gold in IMF vaults doing no good for the people right now, same with Fed’s gold
35m – India bought a lot of gold after 2008, to bolster their gold reserves
35m – Bank of Venice, which operated for hundreds of years, and its paper documents traded at a 20-40% premium over gold
37m – What matters is not what “backs up” the money, but the quantity of money in circulation
38m – False pretences of TARP bailout in 2008, said to be for buying up subprime mortgages
40m – Paper money only accounts for 3-5% of the money supply in U.S.
40m – Bond vigilantes a good phenomenon
43m – Jim Cramer laughably saying there was no problem with Bear Stearns, not long before it collapsed and was bought out
45m – Many Congressional representatives have no financial background
46m – Media concentration problems
47m – Erroneous Supreme Court decision that money is equal to free speech
51m – Capitalism vs. free enterprise
51m – My November 16 Toronto keynote address at the 9th annual UsuryFree week
Wayne Walton, local, interest-free currency entrepreneur and host of mtnHours Revolution on Republic Broadcasting, is scheduled to be on Exposing Faux Capitalism with Jason Erb on November 18, 2012 from 1 to 2 PM Eastern.
The corporate-controlled media won’t give him an equal platform with the other four declared candidates in the Kitchener-Waterloo riding, so Jason Erb did, with his August 19, 2012 interview of Ontario Libertarian Party candidate, Allan Dettweiler, on the August 19, 2012 episode of Exposing Faux Capitalism.
The following issues were discussed:
The three most important issues for Kitchener-Waterloo residents, which he identified as health care, education and jobs.
How residents and health care professionals can be empowered with proposals like allowing for individuals to pay for their primary health care, which every other country in the world allows except for Cuba and North Korea, given that the current system has failed, with the specific examples of a near-closing of a major hospital’s emergency room despite a government-mandated health care premium, and local residents having to buy an MRI machine with private funds.
How the Ontario Libertarian Party’s educational voucher proposal would increase educational options for parents and their children, and could be a solution to the divisive religious schools funding issue that the major parties have failed to redress.