Tag Archives: Economic Justice

RT: 64% of Europeans support Basic Income

RT: Most Europeans support the idea of a “basic income” paid to every individual to cover their basic needs, according to the first EU-wide survey on the subject. Governments would pay the same amount of money to each person, regardless of whether they work.

Read more here…

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Cyprus: Minimum Income Guarantee

PRESIDENT NICOS Anastasiades yesterday announced the complete reform of social policy based on the principle of securing a Guaranteed Minimum Income for all citizens, financed in large part by eliminating non-targeted allowances.

The general principle of this new “revolutionary reform”, as he called it, is to guarantee that all citizens have an income sufficient to live on, provided they meet certain conditions.

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First move toward debt-free money? Meet the Trillion Dollar coin

While some may laugh, the ideas that underpin this are important: debt-free money and the power of the Treasury to control money outside of the Federal Reserve.  In other words, the power to create money has and should remain with the sovereign state (the people) and not private banking interests (The Federal Reserve).  The bottom line is we should all support  the positive money movement.

Read more about the Trillion Dollar Coin here.

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Occupy Wall Street: Forgive Debt

From CNN:

NEW YORK (CNNMoney) — Occupy Wall Street, the protest movement launched to fight corporate greed and corruption, is now buying up peoples’ debts and forgiving them.

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JP Morgan – could it get worse?

In the wake of JP Morgan’s $2 billion (and counting) loss this quarter, Robert Reich makes the case for breaking up Big Banks and resurrecting the Glass-Steagall act to separate commercial and investment banking. According to MoneyNews, while the public face regarding the situation blames a ‘rouge trader,’ in reality this is not the case. 

Believe it or not, some considered the JP Morgan losses ‘small’ and therefore not worth disclosing in such a public fashion. As reported in Zero Hedge, JP Morgan’s CEO Jamie Dimon responded this way to the question about ‘why disclose this info now?’:

“It could get worse, and it’s going to go on for a little bit unfortunately,” Dimon replied.

Get informed. Be empowered. Stay compassionate.

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Richard Cook’s ‘Gaia Plan’

Richard Cook is an incredibly lucid thinker who is charting new territory regarding monetary policy.

His ‘Gaia Plan’ lays out ideas regarding a Basic Income Guarantee similar to those outlined in my essay Emerson Meets Wall Street and a ‘People’s World Bank’ as mentioned in my book of essays A WORLD WITHOUT WAR.

I highly suggest reading through the text of a recent speech Richard gave in Mexico (September, 2011) where he announced his ‘Gaia Plan’ and guides us through the ‘illusion of money.’

Good reading for the 99% interested in a new monetary path.

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Create a Financial Truth & Reconciliation Commission

From Harvard Business Review, 2009 – still relevant now:

Populist anger is boiling all around us. An Economist cover proclaims “the war against the rich.” A Wall Street Journal headline reads “small business versus bailed-out banks” with a photo of picketers demonstrating outside a Bank of America branch in Chicago (they also held a prayer vigil). Outrage over the AIG bonuses was widespread. Polls show that confidence in business executives is at an all-time low in the U.S., and not only because of failures in financial and auto companies. Retirees whose pensions have plummeted and homes have been foreclosed are probably too tired to protest, but the undercurrent of anger and blame is everywhere.

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