Tom Greco  @  ChelseaGreen

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“America is not broke”-Michael Moore

March 8th, 2011 by Tom Greco

Whatever you might think about Michael Moore, the truth of these words cannot be denied. The inequities of wealth, income, and power in America have become extreme. We have been duped and robbed.
Let us put aside our differences, between liberals and conservatives, Republicans and Democrats, religious or not, and  let us [...]

Riegel Explains the Foundations of Economic Democracy

February 28th, 2011 by Tom Greco

I have often referred to E. C. Riegel as a “master of monetary truth.” His insight is astounding, his logic impeccable, and his expression eloquent. In this essay on Economic Democracy, he shows the way out of our present predicament an into a new world of peace, justice and prosperity. I [...]

Money, “Free Trade” and “the China Problem”

February 23rd, 2011 by Tom Greco

Professor Antal Fekete is an expert on the real bills doctrine and the gold standard. He is someone whose knowledge and insights I respect. This article, which appears on the website, draws important parallels between the opium wars of the 18th and 19th centuries and the current trade imbalance between the [...]

UN Secretary-General Urges Sustainable Development and Equality

February 17th, 2011 by Tom Greco

UN News Service. 15 February 2011 –Secretary-General Ban Ki-moon today called for a “revolution” in how the world defines prosperity and relates to nature, based on the twin pillars of a sustainable development that breaks with the profligacy of the past and an equality that embraces [...]

Dutch Central Bank Orders Pension Fund to Sell its Gold

February 11th, 2011 by Tom Greco

The Associated Press reports that central banks are becoming ever more intrusive as they attempt to prop up failing political currencies, this time the Euro. By ordering private entities to divest their gold holdings, the central bank accomplishes a number of things: (1) it will suppress the market price of gold, [...]

Inflation Will Destroy the Dollar

January 31st, 2011 by Tom Greco

Porter Stansberry is a noted financial advisor with a very good track record and a substantial worldwide following. The final part of this video is a pitch to subscribe to his advisory service, but the first part comprises an excellent analysis of the current situation and what I think is the [...]

Chris Martenson: Inflation Is So Much Worse Than We’re Told

January 28th, 2011 by Tom Greco

Chris Martenson, author of Crash Course, in this recent article, provides an update on his analysis of the Consumer Price Index (CPI) and argues that the world is in for big trouble. He says, “…fiscal and inflationary train-wrecks are the most probable outcome for the US — and, by extension, the [...]

America’s Shrinking Democracy

January 25th, 2011 by Tom Greco

Prof. Peter Dale Scott is an astute observer of social and political phenomena. In his recent article, The Doomsday Project, Deep Events, and the Shrinking of American Democracy, he provides what I think is a very useful analysis of the present crisis in American government, which has serious implications for money, banking, [...]

Republicans will likely propose that states declare bankruptcy

January 24th, 2011 by Tom Greco

According to a Reuters article, former House speaker Newt Gingrich is saying that legislation to allow states to declare bankruptcy will soon be introduced in Congress. The evident purpose is, not to stiff the banks, but to allow state governments to renege on their obligations to pension funds. Some excerpts below.–t.h.g.
But [...]

Let the sun shine in: Wikileaks to reveal banking secrets of the rich

January 21st, 2011 by Tom Greco

There is a big difference between legitimate privacy concerns and secrets that enable fraud, malfeasance, and criminal activity. According to this article in The New Zealand Herald, Wikileaks will shortly publish information that promises to expose some of the latter.–t.h.g.
WikiLeaks: Banking secrets of rich leaked
5:30 AM Monday Jan 17, 2011
The overseas [...]