Simon Johnson is a professor of entrepreneurship at MIT. In this video he explains that the financial crisis is no accident but a continuing cycle in which the big banks get ever richer and more powerful. He does not seem to recognize the debt imperative and growth imperative that is a feature of our debt-money and banking system but his charts clearly show its effects.–t.h.g
The End of Money…
My latest book, The End of Money and the Future of Civilization , can be ordered from Chelsea Green Publishing, Amazon.com , or your local bookstore. You can also read a preview at Google Books.To order signed copies of my previous books, click on the title below:
Money: Understanding and Creating Alternatives to Legal Tender
Beyond Money- The Exchange Revolution January 27, 2020In November of 2009, I gave a presentation at the conference on Michigan’s Future Energy, Economy & Environment, at Crystal Mountain Resort in Thompsonville, Michigan. More than 10 years later, this presentation is still timely. Ken Freeman has recently augmented … Continue reading →
- New Year’s Newsletter — January 2020 January 18, 2020The dirty secret of capitalism — and a new way forward In this TED talk, billionaire businessman, Nick Hanauer debunks the assumptions of neo-liberal economics and shines light on the path toward a new economics that promotes a more sustainable, … Continue reading →
- “Everything’s up to date in Kansas City,” including free public transit December 13, 2019On December 5, the Kansas City council voted unanimously to make city bus routes fare-free. While the city’s light rail has been free for some time, fare-free service will now be extended to include all bus routes. Well, it makes … Continue reading →
- Fasten your seat belts… December 5, 2019In his current subscription pitch and announcement for his new book, PEAK TRUMP: The Undrainable Swamp And The Fantasy Of MAGA, David Stockman lays out some startling facts, provides a cogent analysis, and makes some dire predictions. As President Ronald … Continue reading →
- Latest news from Thomas Greco — November 2019 November 27, 2019In this edition: The End of Money and the Future of Civilization now published in Spanish There once was a river …an allegorical tale My latest interview on Ellen Brown’s podcast, It’s Our Money California passes Public Banking Act into law … Continue reading →
- There once was a river …an allegorical tale November 18, 2019Written and narrated by Thomas H. Greco, Jr. There once was a river that flowed through an arid land, and though rainfall was scant and infrequent, the river provided an abundance of cool, fresh, sweet water with which the people … Continue reading →
- Spanish Edition of The End of Money and the Future of Civilization November 5, 2019I’ve waited ten years for it to happen but I’m delighted to announce that, thanks to the efforts of translator Enric Montesa and publisher Julio Fernández, my book, The End of Money and the Future of Civilization, is now available … Continue reading →
- Politics and the people October 28, 2019I’ve rarely had any enthusiasm for any candidate for federal political office, Democrat or Republican, because I know they have all be bought off by the power elite whose agenda is to dominate and exploit at any cost. What I … Continue reading →
- My latest interview on Ellen Brown’s podcast, It’s Our Money October 18, 2019In Ellen’s October 10 podcast, on which I was the featured guest, I argue that our best hope for escaping the tyranny of the global banking cartel lies in creating a decentralized network of exchange in which credit is locally … Continue reading →
- How to get the job done! October 10, 2019Several months ago while hiking in Sabino Canyon near Tucson I noticed out of the corner of my eye something astonishing. Fortunately, I happened to have my phone with me so I recorded it. I’ve recently taught myself some video … Continue reading →
- The Exchange Revolution January 27, 2020
