Surviving Capitalism (Not) : What Would a Trillion-dollar Coin Mean?

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Friday, January 25, 2013

What Would a Trillion-dollar Coin Mean?

Click here to access article by Stephen Zarlenga from Huffington Post.

What the trillion dollar coin has to offer is illuminating our constitutional money power, and Congress's malfeasance in allowing banks to create the national money supply as interest bearing debt. This can be important in helping people understand that the monetary power belongs with the United States government to promote the general welfare, not with the caprice of private bankers acting to promote their own corrupt interests.

This author knows of what he writes. He has done a lot of research on the subject of money and its issuance, and is the author of an excellent book entitled The Lost Science of Money.