Monetary Reform Task Force

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Policy Winners Newsletter considers US Note revival

Posted by dr.ron45 on May 7, 2014 at 4:35 AM Comments comments (1)

The May 2014 Policy Winners Newsletter published by Keith Rodgers is devoted to a consideration of the possibility of BRINGING BACK THE GREENBACKS, or more broadly of restarting debt-free government created money as was successfully done during the Civil War period.  Six researchers and writers, including myself, commented on this issue.  I have copied my comment below, and if you want a copy of the whole newsletter, just contact me using the Contact Form on the last page of this si...

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Posted by dr.ron45 on December 21, 2013 at 6:35 PM Comments comments (1)

It is with some satisfaction that I read the recent WSJ article about the recent decision of the Federal Reserve Board to cut back on Quantitative Easing 3 (QE3) from its current $85 billion per month level at the rate of $10 billion per month.  In effect, the Fed has decided to comply with the provisions of the EMERGENCY GREEN MONEY STIMULUS ACT of 2013 voluntarily.  In fact the 2013 version of the act provides for a cut back of $7 billion per month, and they have upped that to $10...

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Posted by dr.ron45 on October 24, 2013 at 2:20 PM Comments comments (0)

Due to the failure of Congress to avert budget sequestration cuts, and due to their apparent inability to deal with the budget/debt dilema that exists at present. we feel compelled to offer our new version of the former Green Money Stimulus Act that is renamed the EMERGENCY GREEN MONEY STIMULUS ACT of 2013.  For those new to the site, GREEN MONEY refers to coin, paper, and electronic bank deposit money that is CREATED AND ISSUED by the government without debt or interest obligation. ...

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Posted by dr.ron45 on February 24, 2013 at 5:55 PM Comments comments (0)

The Green Money Stimulus Act button on the home page takes you to my latest thinking on how to avert the budget sequestration and halt the increase in national debt, at least in the short term.  The unique thing about it is that there are NO NEW TAXES required, and NO NEW SPENDING CUTS either!  The whole thing is done by replacing new bond selling with new Green Money creation, and replacing old bond buying with more Green Money creation.  Since the whole process is one of subs...

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$740 billion down, &760 billion to go!

Posted by dr.ron45 on January 14, 2013 at 4:45 PM Comments comments (0)

The Budget Control Act of 2011 tasked the "Super Committee" with finding ways to reduce the deficit over the next ten years by $1.5 trillion or more.  The Revenue Deal just passed at the beginning of this year accomplished $740 billion of that, leaving a balance of $760 billion that must be accomplished by March 1 in order to avert the sequester cuts that were provided by the BCA of 2011.  I have just posted my Deficit Reduction Act of 2013 that would accomplish at least $2.27 trill...

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Circumventing the Fiscal Cliff (without green money)

Posted by dr.ron45 on December 29, 2012 at 4:15 PM Comments comments (0)

Since we are now down to the wire and noone I sent email to has mentioned the green money solution which I believe to be most effective ($1 trillion in deficit reduction just by partial funding of deficits with green money instead of selling bonds to the Fed), it becomes necessary to make the deal in a less than optimal way.  Here's my formula for success.

1.  Take Boehner's $800 billion in tax reforms

2.  Cut Fossil Fuel subsidies by $200 billion

3. Cut Black...

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The Greening of Monetary Base

Posted by dr.ron45 on December 19, 2012 at 2:15 AM Comments comments (0)

In the last few days the first major milestone in the proposed monetary reform process has taken more definite form. I now see the goal of the first phase as the total "greening" of M0, the monetary base for our money system in the USA. This consists of paper currency and Federal Reserve Bank credit created by the Federal Reserve Banks when they loan money or buy securities. A quick rereading of the quote from Thomas Edison in the White Paper should make it clear that, even under a fracti...

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Fiscal Cliff compromise proposal posted

Posted by dr.ron45 on December 6, 2012 at 3:05 AM Comments comments (0)

In the disciple we call Decision Sciences,  the first step in the process is to correctly frame the decision problem.  The first two proposals for avoiding the fiscal cliff (first by the White House, and the reply by the House GOP) show that this first step has not been done correctly.  If you take a close look at the Budget Control Act of 2011, it provides that the sequester cuts will go into effect only if at least $1.2 trilllion in budget cuts have not been passed by congres...

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Monetary Authority Membership List Posted

Posted by dr.ron45 on November 14, 2012 at 5:40 PM Comments comments (0)

The countdown to the Fiscal Cliff is on! Awakening the President and the Congress to the GREEN MONEY option is a huge task, one that I cannot accomplish on my own. Your help is needed, and it is so easy. Just send out the Greenback Renewal Act and the White Paper showing the rationale behind it to your Congressmen and Senators, the President, and the would be members of the Monetary Authority should the proposed act pass. This committee is comprised of the people in Washington DC who are ...

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Spire Law Group Press Releases

Posted by dr.ron45 on November 5, 2012 at 3:10 PM Comments comments (0)

If you go to the Spire Law Group LLP website at you will find the following quote

"A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion , no longer a government by c...

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