In the previous posting on this subject, we discussed the single most important precondition to returning a currency to a fixed standard, which is returning the reserve currency to full asset backing. This naturally leads into today’s topic, which is what standard is best to use, and when to institute the chosen standard.
For this week’s podcast we came across a video of Drs. Norman G. Kurland and Robert H.A. Ashford discussing the binary economics of Louis Kelso Paula Gloria’s show. Of course, this was before we started talking about the Economic Democracy Act, but that is an application of binary economics, not binary economics itself:
As usual, even though it’s the day after Thanksgiving, the experts and usual suspects are running themselves ragged doing everything they can to keep the economy and other people down instead of taking the just and easy way out and adopting the Economic Democracy Act:
The world today is plagued with a virtual tsunami of reserve currencies backed only with government debt and valued in terms of the faith and credit of the issuing government. This creates several problems, any one of which is a disaster waiting to happen:
Here is Part II of a “long-lost” treasure from a few years back. As we noted two weeks ago, it was lost because we didn’t know that the recording of the show was available on YouTube. The subject is, What is the role human beings will have once the machines take our jobs? As a regular listener or reader, you will already know the answer: the Economic Democracy Act:
Believe it or not, there are bright spots appearing on the horizon. One is that the new Biafran government in exile has adopted the Just Third Way of Economic Personalism as its economic program. Another is that a second Catholic newspaper has run a feature article on The Greater Reset, which is written around — you guessed it — the Just Third Way of Economic Personalism. Both of these open up a number of possibilities to get the Just Third Way, especially as embodied in the Economic Democracy Act into the public arena as a topic for discussion:
This past Saturday several key people in the Biafran diaspora formed a Government in Exile. This was not a publicity stunt, but a means of helping to bring the ongoing plight of oppressed groups in Nigeria to the attention of the world and to establish the foundations of a more just social order not just for Biafra, but for all people of the world.
On Saturday, November 12, 2022, the CESJ Core Group were the Guests of Honor at the inauguration of the Biafran Government in Exile and the opening of Biafra House. Dr. Norman Kurland, president of CESJ, cut the ribbon and gave the keynote address, and for today’s podcast, we present the official video record of the event:
While it’s tempting to say that the weekly news items exhibit a depressing sameness, we might also say that this is actually encouraging. Why? Because no one has yet implemented the Economic Democracy Act, so we don’t have to come up with any new solutions:
On Halloween, the Wall Street Journal reported the frightening news that the government’s money machine, the Federal Reserve, has been losing money. “How is this possible?” you ask in wonder. How can an institution that creates money out of thin air for politicians to spend like drunken sailors on leave be losing money?
Here is Part I of a “long-lost” treasure from a few years back. It was lost because we didn’t know that the recording of the show was available on YouTube, but then, who really knows everything that’s up on YouTube? Anyway, the subject is what is the role human beings will have once the machines take our jobs? If you’re a regular reader or listener, the answer will not surprise you, although we’ve updated the terminology from “the Capital Homestead Act” to the Economic Democracy Act:
Another week has gone by filled with missed opportunities to implement the Economic Democracy Act, so what else is new? Well, as you can see, not much:
A few years ago, we published a book about military history. At the request of the publisher, it was written in a “popular” style, that is, in “story” form with very few footnotes, explanatory sidebars instead of appendices, that sort of thing. Some people thought it was a very good book introducing them to obscure but important battles they had never heard of.