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The US Income Tax Fraud And Other Stuff Media Will Not Tell You About: Video The American Constitution, the fundamental cornerstone of American society, was never meant to co-exist with the income tax system. In fact, according to film-maker Aaron Russo, to whom we have given coverage before, the "income tax" is in full breach of the US Constitution. How can ... read more | cat.: banking | Link | Comment Michael Pick -- April 21

Is The Demise Of The Dollar Coming And Will It Usher Opportunities For New Forms Of Economic Transactions? The imminent demise of the US dollar as the kingpin of economic transactions world wide is predicted by several commentators. Johnny 'Silver Bear' comments that the Federal Reserve has kept the printing presses rolling too liberally for too long and he continues: "The Fed has lost ... read more | cat.: banking | Link | Comment Silvano Borruso and Sepp Hasslberger - Hasslberger.com -- June 19

First Online Payment System To Be Open-Source And Bank-Independent Now In Beta: Ripple Paying without cash and without going through a bank may seem an impossible proposition. Not so, says Ryan Fugger, the architect of Ripple, an open-source bank-independent payment system that is now in Beta release, meaning it's open to play with and test. Photo credit: Mikael Damkier Conceived ... read more | cat.: banking | Link | Comment Sepp Hasslberger - Hasslberger on Physics - Economy - New Energy -- March 27

Usury-Free Wealth Is Possible When People Will Start Thinking With Their Own Heads "When citizens are convinced that interest - which ought to be correctly called usury - on money is necessary, they accept without question the current state of violence, war, poverty, scarcity and lack that continues to dominate the world in a negative fashion as we progress ... read more | cat.: banking | Link | Comment Tom J. Kennedy [via Chris Gupta] - Share The Wealth -- January 16

Why Banks Sell Money They Don't Own? Is Seignorage The Secret Money Tree? Definition: Seigniorage, also spelled seignorage, is the net revenue derived from the issuing of currency. It arises from the difference between the face value of a coin or bank note and the cost of producing and distributing it. Seigniorage is an important source of revenue for ... read more | cat.: banking | Link | Comment Robin Good - Marco Della Luna e Antonio Miclavez - Il Consapevole -- December 19

Seignorage May Pay Back Five Billion Euros To Italian Citizens A Justice of Peace (civil judge) in the southern Italian town Lecce has decided that the Italian Central Bank's practice to retain the seignorage on paper money for its own profit is illegal and that the money should be turned over to its rightful owners - ... read more | cat.: banking | Link | Comment Rosaria Amato [via LaLeva.org] - La Repubblica -- October 10

Interest Rates Cause of Wasteful Consumption? Interest is steering us towards non-sustainability, argues Jeremy Wakeford, writing for the South African New Economics Network, a group described on their site as an independent network for the creation of a humane, just, sustainable and culturally appropriate economic system in South Africa. Not only does interest Link | cat.: banking Sepp Hasslberger -- August 15

P2P Can Cut Banks Out Of The Picture: Ripple Conceived by Ryan Fugger and quite formally defined by Sylvain Poirier, Ripple is a P2P monetary system based on trust that already exists between people in real-world social networks. By cutting out the institutional middlemen, Ripple is both more community-oriented and more efficient as a means ... read more | cat.: banking | Link | Comment Ryan Fugger -- June 27

Argentina's Economic Recovery Stuns International Observers Three years after the collapse of Argentina's economy under IMF and World Bank recipes for development, the South American country's budding recovery is stunning international observers. Photo credit: Argentinian mate - Eduardo Cesario Defying the IMF's prescriptions, president Kirchner and his economic advisers have told creditors to ... read more | cat.: banking | Link Robin Good - Health Supreme -- January 1

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