Tom Greco  @  ChelseaGreen

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The Dark Side of Micro-Credit

November 29th, 2010 by Tom Greco

The flaws inherent in micro-lending are now becoming apparent. Recent articles in The New York Times (“Indian Microcredit Faces Collapse from Defaults”) and Good Business report the sad case of India where numerous borrowers, unable to repay are reported to have committed suicide.
Now it becomes all too obvious, Quoting from the Good Business report:
Merely offering [...]

Who Does Congress Represent?

November 23rd, 2010 by Tom Greco

Congressional representatives are ordinary folks just like us, right? Their interests are the same as ours, are they not. The chart below compares the net financial worth of Congressional representatives with that of ordinary households. Read the full story here.

Read the original article on Beyond Money.

Thomas Greco is the author of The [...]

Quantitative Easing, the FED, and the Future of the Dollar

November 19th, 2010 by Tom Greco

“Quantitative easing,” it sounds like something you might do over the toilet.
It’s an ironic but appropriate choice for a euphemistic expression designed to fool the people in the hope we will not realize what is really being done to us by the banking and political powers that be. “Quantitative easing” is monetary [...]

Economics and the limits to growth

November 9th, 2010 by Tom Greco

The first and second laws of thermodynamics should also be called the first and second laws of economics. Why? Because without them there would be no scarcity, and without scarcity, no economics. Consider the first law: if we could create useful energy and matter as we needed it, as well as [...]

When Will The Dollar Die?

October 28th, 2010 by Tom Greco

As I’ve said before, the debt-money system has a built-in debt/growth imperative, based as it is on compound interest.
Exponential growth cannot be sustained forever.
If debt MUST expand over time, it must be heaped upon either the private sector or the public sector.
When the debt carrying capacity of the private sector has been reached [...]

Which oils should be part of your diet, which avoided?

October 22nd, 2010 by Tom Greco

This article from Dr. Mercola provides a pretty good summary of this important topic. I use olive oil for salads and other other foods that are not subjected to high temperatures, and coconut oil for cooking.
Read the original post at Tom's News and Views.
Thomas Greco is the author of The End of Money [...]

Hemp, Not Just for Potheads, but Important to a Sound Economy

October 18th, 2010 by Tom Greco

Industrial hemp was an important crop until it was outlawed following the Second World War. This article by Harvey Wasserman provides essential information and argues for legalization. –t.h.g.
Harvey Wasserman
Hemp is the hidden key to legal marijuana
October 17, 2010
Hemp is the far bigger economic issue hiding behind legal marijuana.
If the upcoming pot legalization [...]

Cancer a modern man-made disease, research shows

October 18th, 2010 by Tom Greco

“Cancer is a modern, man-made disease caused by environmental factors such as pollution and diet, a study by University of Manchester scientists has strongly suggested.” This article reports the findings of a study conducted by scientists from Manchester University (UK) and published in Nature under the title, Cancer: an [...]

Massive Inflation Is On The Horizon

October 15th, 2010 by Tom Greco

The National Inflation Association has just published an article titled, America’s Currency Crisis is Now Underway. I pretty much agree with their assessment but they are touting gold and silver investments as the best way for people to protect themselves. While a little bit of investment in precious metals may yield some [...]

Financial Self-Defense

October 11th, 2010 by Tom Greco

We’ve all been forced to play a game of real-life monopoly. The economy today is being milked, and we all are being parasitized by the banks and the government. Ever more people are beginning to understand the mechanics of how this is being done and looking for ways to protect themselves. [...]