2010 AMI Conf. Robert Poteat: Why Monetary Reform is Crucial Now! скачать в хорошем качестве

2010 AMI Conf. Robert Poteat: Why Monetary Reform is Crucial Now!

In this conference talk, Robert Poteat argues that monetary reform is not just technical but a moral imperative, because a private bank credit/debt money system concentrates power, fuels inequality, and undermines democracy. Using historical debt records (ancient cuneiform tablets), modern wealth-concentration findings (top 10%—and especially the top 1%—controlling outsized assets), and recent political examples (like Citizens United), he claims money corrupts elections and turns Congress into a “millionaire’s club.” He links exponential debt growth to recurring recessions, foreclosures, unemployment, and social stress, while criticizing trust-fund “looting,” interest burdens, and Keynesian deficit spending as temporary cosmetics that leave debt rising and wealth flowing upward—especially when bailouts flow to financial institutions instead of the real economy. The talk connects debt-driven cost cutting to environmental damage (citing Deepwater Horizon as emblematic), warns that “credit flowing” really means “debt flowing,” and concludes that productivity gains are being siphoned off by interest and financial rent extraction. The proposed remedy is reform that redirects money creation toward public purpose—elections, infrastructure, health care, education—and away from a “legalized criminal cartel,” with an urgent call: we need reform now.