Charlie Rose

futurevisionaries  04/22/2011 01:44 PM Report

Bernard ,

most visionaries have very hard time they dont have resources.

Can you help or know of people or companies that can help?

I need to save global FUTURE brands for and by the global people and countries.

My name is Kent G Anderson .

I see where 12 years of my life's work and ideas can help all people in all countries. My goal is to share the global Brand FUTURE... Future is design like a country and people's ideas are the global product. For more information about me and global people FUTURE google Kent G Anderson. My web page is www.futurevisionaries.com .

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Bismarck,ND

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milmntec@btinet.net

ksundheim  08/30/2010 07:28 PM Report

I just caught this on my DVR as I've been trying to catch up. Interesting guy and agreed with a lot of what he had to say. Another success in my opinion. Four in a row.

Ken Sundheim

President

<a href="http://www.kasplacement.com/">KAS Sales Headhunters and Marketing Staffing Agencies</a>

immigrant  08/21/2010 07:13 PM Report

John, Neil, Doodah , Maybe but 6 people, as you state, are reading your comments, but let me tell that millions are experiencing just what you are talking about and they are VERY CLEAR on their economic state. I listen to what Obama, Schwartz and yes LaRouche have to say. They all have ideas some in sinc with others BUT WHY IS THERE IS NO ACTION?

I am an immigrant, a Marine vet, a parent and a grandparent and I am not going to just sit along the road and wait for someone to bail me out. There was only one President that delivered to the People and that was FDR. Was he elected 4 terms because he showed successful leadership for We the People? or was it the circumstance of time and no one really wanted that job?

Regardless - that is why I chose to stay in US of A.

This is the only way, I believe, that US can turn this ship to a Prosperous coarse.

I believe that the ONLY way We the People can survive is to UNITE or Die.

And instead of focusing on differences lets focus on the common thread.

I feel that all that is need is for We the People find a way to communicate. I have a tool that can enable the needed communication.

A short Primer - Work Book For Democracy - that I need to find a way to publish and then I am going on a long Ride around this country to hit all the out of the way communities and rally the troops.

We do not have to be in total agreement, but what we need to do is start Walking and continue the Talking.

I am taking it to the Street, all the Joes that build USofA, that is where we are. I AM NOT GOING TO GO THROUGH ANOTHER WINTER WITHOUT A JOB. There is work to be done and we are not going to sit around, even if we have to take over all the abandoned factories ourselves. Product is is valuable, not money.

immigrant  08/21/2010 07:13 PM Report

John, Neil, Doodah , Maybe but 6 people, as you state, are reading your comments, but let me tell that millions are experiencing just what you are talking about and they are VERY CLEAR on their economic state. I listen to what Obama, Schwartz and yes LaRouche have to say. They all have ideas some in sinc with others BUT WHY IS THERE IS NO ACTION?

I am an immigrant, a Marine vet, a parent and a grandparent and I am not going to just sit along the road and wait for someone to bail me out. There was only one President that delivered to the People and that was FDR. Was he elected 4 terms because he showed successful leadership for We the People? or was it the circumstance of time and no one really wanted that job?

Regardless - that is why I chose to stay in US of A.

This is the only way, I believe, that US can turn this ship to a Prosperous coarse.

I believe that the ONLY way We the People can survive is to UNITE or Die.

And instead of focusing on differences lets focus on the common thread.

I feel that all that is need is for We the People find a way to communicate. I have a tool that can enable the needed communication.

A short Primer - Work Book For Democracy - that I need to find a way to publish and then I am going on a long Ride around this country to hit all the out of the way communities and rally the troops.

We do not have to be in total agreement, but what we need to do is start Walking and continue the Talking.

I am taking it to the Street, all the Joes that build USofA, that is where we are. I AM NOT GOING TO GO THROUGH ANOTHER WINTER WITHOUT A JOB. There is work to be done and we are not going to sit around, even if we have to take over all the abandoned factories ourselves. Product is is valuable, not money.

JohnGelles  08/12/2010 05:02 PM Report

Please visit

http://www.charlierose.com/view/clip/9424

The Zakaria interview on recovery and the future of civilization and the Pooley interview on the same-- focused on carbon and how to best use it-- are not yet posted (as far as I can determine).

So the above discussion of a one minute of wisdom from Paul Volcker is my home for comment on these same topics.

JohnGelles  08/12/2010 04:21 PM Report

Dear Charlie and Friends and Fans of the His Show:

Thanks for this forum which I have badgered for more than a week.

I was within my "rights". I believe in moral "rights"-- which limit our conduct to what "we know" is right-- if we are not dense on such questions. My right to press my point of view is that I am right on the paramount issue of money system reform

..... (in which Franklin, Hamilton, Lincoln, FDR, and others buy the tax-free potential of Abba Ptachya Lerner-ians logic expressed as Functional Finance-- to accomplish the purposes of government as expressed in the Preamble to the American Constitution)-- and

..... I have watched CR religiously forever.

I am not going away. I am switching over to at least two interviews which I watched repeatedly on the Show: Fareed Zakaria and ? Pooley, on carbon and common sense. (If CRS-- the CR Show-- discussion software had post send edit I would supply his first name.)

These two interviews continue CR's examination of global prospects for achieving very similar objectives to those of Bernard Schwartz.

Please look for me in the discussions that relate to these interviews.

As an aside let me say that these recent shows-- in anticipation of November 2010-- have been remarkable. I watch them on PBS and Bloomberg. They fail to recognize the malleability of finance and accounting-- and how cost accounting and logistical science invite wartime win win solutions (uniting capital and labor) and CR and almost all his guests believe God is wedded to profit and loss accounting-- when that marriage never occurred.

For shame CR. You will be as guilty as the and past presidents, if between now and when debt-free tax-free systems of production are introduced, millions of your innocent friends and family have suffered unnecessarily for YOUR lack of due diligence in matters of political economy:

..... You have failed to come to grips with full employment budgeting and the heterodox schools of legitimate inquiry established at the University of Missouri Kansas city, the New School in NYC, Bard College, Real World Economics Review, the University of Texas LBJ School, and countless other sources of rules for MONEY ON PURPOSE as opposed to MONEY AS PURPOSE.

JohnGelles  08/12/2010 12:43 PM Report

The President sent me an e-mail today-- the same one he sent to all the members of "Organizing for America" (OFA) his Internet money machine-- asking me to promise to vote in November.

This is the same issue that Bernard Schwartz addressed in the interview we are discussing. Progressives fear people like me may not vote because YES WE CAN never happened.

Te President claimed Health Care, Financial Reform, and the Great Depression we are not in, are all the Republicans allowed him to deliver so far. He reminded me that as slow as he may be to deliver YES WE CAN, his opponents in the Senate want to deliver me to wage slavery now and forever more.

The President has a point. I'll be thinking it over from now to election day.

I have been sending him e-mails and blogs on OFA asking him to persuade the Senate and the American people to get with Functional Finance for American national security and Global economic and democratic security-- both at the same time.

The President has not done what I elected him to do. He has done much I admire and failed to do enough.

I agree with him the Senate is home to too many power-spoiled pols whose votes are doing the work of people who want America and economic democracy to fail-- while they crow to their friends that they got theirs and the rest of the human race can suck lemons for all he cares.

.

Would that I could crack some heads together. I ain't got mine.

..... ..... And until I do-- and all my neighbors have all that science and technology can deliver (were Functional Finance our code)-- I'll remain mad as hell.

..... ..... I just won't take it any more.

..... ..... Thanks for the movie Network-- it's 1976 all over again but worse. The American malaise is gutless leadership in the face of opposition to the Second Bill of Rights and the Fourth Freedom-- for which sixty million died, FREEDOM FROM WANT.

JohnGelles  08/12/2010 08:21 AM Report

Doodah~

The central banks of China, Japan, India and Russia, as well as our own and of the European Union, exist and perform functions similar to those of CB's evolved from the Bank of England. The history of the Rothschild banks is important, but I do not accept that "their cronies" has any meaning today comparable to what it may have meant in 1913.

I believe we could research the facts on Britannica, Wikipedia, and in the mainstream literature of central banking. The stuff you suggest has facts not "conspiracy theory written for short term publishing profit", I wager has none of political or economic significance.

The idea that "cronies" have duped the world of banking is rejected by me. I do believe that world is mistaken-- that it ought to be reformed with the idea of Abba Lerner and the school of thought called Functional Finance

FF asks us to use money ON purpose not AS purpose-- as we build a civilization for tomorrow.

If we introduce purpose and demand results to end poverty, pollution and war, we will not need riots to start.

Are you aware of a riot that was followed by an ousting of cronies you believe exist?

Mind you, I am still disappointed that President Obama has not embraced Functional Finance to pay for the promises he made to get elected. His failure will be explained by his staff to have been engineered by the "JUST SAY NO" Republicans in the Senate.

I do not accept that. I believe incompetence at the top of the current American government has allowed not cronyism in China, Russia, America,etc., to screw the working class-- but plain old human stupidity has.

Who is stupid? Almost everyone but myself.

If we want economic democracy (the Second Bill of Rights) and the hydrogen economy--with free education from the cradle to the grave--we will have to fight for it in the parliaments of nations, the battlefields against criminals in uniform or plain clothes, and (to a lesser extent) on the streets.

Your vision of streets (where modern police have so great an advantage and mobs have so little chance of remaining free of terror, error and rootless obsession with hate and imagined authors of history to serve as scapegoats) is, IMO, twisted and incapable of progress against the forces of evil that do exist-- primarily the force of ignorance and the power of money without benevolent purpose.

doodah  08/11/2010 07:49 PM Report

I'll tell you why, because the FED (the Rothchilds and their cronies), where's 'the emergency' for them?! No no. The Americans have to KEEP PAYING UP.

Google - 'The money changers' - when you have 3-4 hours, watch that video. VERY COMPELLING

Go to youtube, type in, 'money as debt'. hope you like cartoons. :) some are better than others, find a good one.

Fractional reserve banking, the FED, bullshit debt!!! I can't wait for the riots to start.

JohnGelles  08/11/2010 04:13 PM Report

Doodah~

If you read SEWELL CHAN item below-- he describes DEBT-FREE money injections by the FED to the US Treasury. The Treasury can invest it in any project Congress votes for or the President decides on in an emergency. The investment is does not affect the budget deficit, tax collections or the federal national debt.

So YOU understand the current solutions as well as anyone else.

You ask-- if that is so, WHY does Obama hesitate to ask the FED to do this cure big time NOW? I do not know. But if he persists in not TRYING such debt-free solution, I will be looking for a new President-- one term will have been one too many.

doodah  08/11/2010 06:18 AM Report

I'm surprised that 'robdiverity' hasn't chimed in more. From his past posts, his capacity seems to be right up your alley.

Not accusing you of 'being' 'Lyndon LaDouche', just on the 'ideas' front, some of it seems a little loony. Talk about 'loans of debt-free money' is just getting lost up in my right-hemisphere dominant mind; when I do the math, it makes me kind of loony. But can appreciate your efforts, I and my children thank you. Good Luck dear sir.

JohnGelles  08/11/2010 05:32 AM Report

[From the NY Times:]

Ben S. Bernanke, the Federal Reserve chairman, and other officials believe that the Fed has the ability to avoid deflation.

..... ..... .....By SEWELL CHAN

..... ..... Published: August 10, 2010

WASHINGTON — Federal Reserve officials, acknowledging that their confidence in the recovery had dimmed, moved again on Tuesday to keep interest rates low and encourage economic growth. They also signaled that more aggressive measures could follow if the job market and other indicators continued to weaken.

Economix Blog: Fed Brings Out the Medium-Size Guns (August 10, 2010)

Floyd Norris Blog: The Fed Is Worried

.... (August 10, 2010)

With short-term interest rates already close to zero, the Fed’s policy makers have relatively few tools available to encourage consumer and corporate spending. So they now plan to use the proceeds from the Fed’s huge mortgage-bond portfolio to buy long-term government debt.

That action may put downward pressure on long-term interest rates and stimulate borrowing. For consumers, it means mortgage rates are likely to remain at record lows for some time.

Though the immediate impact is likely to be modest, the decision is a turnabout from only a few months ago, when officials were discussing when and how to begin to raise interest rates and gradually shrink the $2.3 trillion balance sheet amassed through the Fed’s response to the 2008 financial crisis.

In buying at least $10 billion a month in new Treasury securities — a small fraction of the roughly $700 billion in Treasury debt the Fed holds — the central bank is trying to help keep money readily available in the financial markets.

With Congress seemingly unable to agree on substantial new stimulus spending, the Fed could face a far tougher decision later this year: whether to take more drastic steps to pump money into the economy and make credit even cheaper.

“We’re in a lousy middle between the economy picking up on its own and falling off a cliff,” said Cathy E. Minehan, a former president of the Federal Reserve Bank of Boston. “And that makes policy-setting really hard.”

The announcement on Tuesday, after the scheduled meeting of the Fed committee that sets interest rates and monetary policy, confirmed what had been widely discussed among economists and business leaders in recent days: the Fed would move more decisively if the economic picture darkened.

.

=============================================

END: NY Times on Quant. Easing. vs. Deflation

=============================================

This is a way we can avoid borrowing and tax collections on a fast track to recovery if the Fed insists. Of course Congress and the President must use the money for infrastructure, energy independence, R&D, housing or other effective purpose for Quantitative Easing to have the desired effect. We want it to speed recovery of the high pay wage economy as well as the whole economy. We want back our prosperity to protect our democracy from its enemy called downward spiraling deflation-- a race to the bottom between you and yourself.

JohnGelles  08/11/2010 12:48 AM Report

Doodah~

I like your profanity. Especially mind F. I don't use it naked as you do-- for fear of being blocked. LaRouche is an egomaniac and slanderer in my book. I once met some of his thugs trying to infiltrate a Ross Perot effort. I'm his opposite not his kin. F him for past attacks on Her Majesty-- our trusted friend.

Reagan-Thatcherism is an anti-welfare statism I do not support. His swimming and life-saving was exemplary. Once we save a life--why not support it with a job?

Wikipedia was profiled in a PBS documentary film "The Truth According to Wikipedia". Great film. It explains why I prefer a small scope wiki network to an encyclopedic game that cannot close in on a set of progressive reform agendas.

I would like collaborators--like you and Neil. But, based on past comments, we have different ideas for improving the lot of Americans and Earthlings who will live here when we're dead.

doodah  08/10/2010 10:27 PM Report

Wow John. You wouldn't happen to be related to 'Lyndon LaRouche' would ya? The more I read you, the more out there you seem to be. I mean, wow! What a mind fuck.

From what I recollect of Schwartz, is he just wants the gov. to play a bigger role in forcing up the economic momentum (since the bankers and money hoarders won't do it), with gov. jobs (infrastructure, yadda, yadda, etc.). I do like your idea of the nation as whole adopting a more urgent war-like mentality to conquer some major problems (like energy and the environment), that would be constructive motivation to grease the money flow (much better than a world war).

Another thing gov. can do, is to be more consistent. One thing about Ronald Reagan, whether he was right or wrong, we (the people) knew what to expect, he was VERY CLEAR with his intentions and never wavered. A leader like that, alone, would go a long way to inspiring confidence to get the economy going. I don't think the imbecile politicians of today understand that concept. Especially the REPUBLICANS! and Democrats

JohnGelles  08/10/2010 08:48 PM Report

[continued from JG 08/10/2010 08:34 PM]

.

Since Wikipedia will not accept my plan as fact, I have to use the CR Sow to expose it to other people. However, I might have to use many forums to gain exposure. Wikipedia is not the fountain of knowledge the world needs so badly.

My plan includes inflation protected (COLA'd or indexed to keep up with prices) cash SAVINGS. This feature alone is a winner. It would mean the working class did not get screwed as inflation diminishes savings and demands risk in a crooked game that needs cleaning up.

My plan also creates a government intelligence agency as big as the IRS. Its purpose is not to steal your wages-- just the opposite-- its purpose would be to guarantee that your wages were steady and high by applying logistical science to law and economics-- to correct the abuses of the finance profession in recent crises.

JohnGelles  08/10/2010 08:34 PM Report

[continued from JG 08/10/2010 08:24 PM]

.

The reason my plan is far better than the JOBS GUARANTEE in Wikipedia is that high skilled high wage unemployment would be STOPPED DEAD in its tracks.

In our culture, putting the high wages back on track would end the deficit in demand hurting the middle class.

My plan also ends income and all other taxes. Taxes make sovereign government the enemy of the elites who run it well, or, pissed off and unmoved by common interest, run it into the ground. Where we are at this very moment.

[to be continued]

JohnGelles  08/10/2010 08:24 PM Report

[continued from JG 08/10/2010 08:12 PM]

.

My plan is for government to invest heavily in BIG NECESSARY DRAMATIC PROJECTS with the urgent appeal of something as big as preventing war, such as CREATING THE HYDROGEN ECONOMY NOW on a scale large enough to take off with full private sector competition embracing its purposes.

Such an investment would create so many jobs and so many contractors and sub-contractors that the whole economy would be rescued from deflation and less than full employment.

If that did not happen, another great investment would be made in another essential area such as education, public health or housing.

[to be continued]

JohnGelles  08/10/2010 08:12 PM Report

[continued from JG 08/10/2010 07:58 PM]

The knowledge we need at this moment is HOW TO end the JOBLESS situation millions are caught up in-- and that threatens to turn YES WE CAN into SORRY WE COULD NOT.

Wikipedia has an entry JOBS GUARANTEE that discusses a plan to create a reserve army of minimum wage workers paid by sovereign governments to unemployed people to do necessary public service.

The plan is too complicated to be popularized. It is too unattractive to people laid off good jobs to gain their support. In short, it is no good-- but very logical.

My plan is very similar to Bernard Schwartz' plan.

[to be continued]

JohnGelles  08/10/2010 07:58 PM Report

The following rule destroys Wikipedia's effectiveness to advance knowledge and popular education to the level necessary at all times:

"No original research

Articles may not contain any unpublished theories, data, statements, concepts, arguments, or ideas; or any new interpretation, analysis, or synthesis of published data, statements, concepts, arguments, or ideas that, in the words of Wikipedia's co-founder Jimbo Wales, would amount to a "novel narrative or historical interpretation."

Verifiability

Articles should cite sources whenever possible. While we cannot check the accuracy of cited sources, we can check whether they have been published by a reputable publication and whether independent sources have supported them on review. Any unsourced material may be challenged and removed."

[to be continued]

JohnGelles  08/10/2010 04:30 PM Report

Dear CR,

You have never had Mathew Forstater of the University of Missouri Kansas City, or economists of his school of thought, at your FAMOUS TABLE. Do it! They alone know where the money is to pay to end this JOBLESS situation-- i.e., to pay for full employment-- if we listen to the ideas of Abba Lerner as they would be updated for the election about to happen to seal our fate for the coming year.

JohnGelles  08/10/2010 04:17 PM Report

democracy, war, peace, the next big thing, and WHAT'S NEW CHARLIE?

JohnGelles  08/10/2010 04:15 PM Report

WHAT WE RALLY NEED THAT CHARLIE ROSE COULD HELP TO ESTABLISH

.

We need a debt-free money wiki.

It would accept ideas from all comers.

It would publish an organized and navigable RE-STATEMENT of all ideas-- as text, diagram and presentation, even movies, such that the idea of paying for all our needs by the the work of all our people so that there were no deficits in demand or supply, is FUNDAMENTAL to all this talk of recovery, democracy, war, peace, the next big thing, and

NeilMacCallister  08/10/2010 03:57 PM Report

Sorry john, ..I'm not very big on all that high-thinking stuff.

My lunch is over, ..I've now got to go help a women get her invalid mother to a doctor's visit.

In peace, ..here's something you may want to remember:

____

"This is a big, big world.

There's lots of beautiful things going on in this world,

You just got to hang in there and be tough.

"I ain't got no big name.

Well, I ain't no big star.

I'll play the blues for you, on my guitar.

"And all your loneliness,

I'll try to soothe,

I'll play the blues for you."

(Albert King)

__

Now I know that you know all that, John,

But sometimes it is good to remember.

Think of what HE went through,

...and how good he looked doing it!!!

_____

For the good times:

http://www.youtube.com/watch?v=bpzxeF_1BzU&feature=related

JohnGelles  08/10/2010 03:35 PM Report

Schwartz. Rogoff, Ross. Rubenstein, Bezos !!!!!

Five times CR had a chance to end the JOBLESS weak recovery we have bought for more than a trillion dollars. And very much the same writers we see for S., are commenting on R, R, R and B.

Truth is-- I really like the Bezos interview BUT have NOT read the comments.

Anyway, 5 stars, 10 comments writers. Zero solutions EXCEPT for mine and a couple of others who would pay cash, like I would, as investment in payee, to put him back to work or into his own business.

What's wrong with that CR. Send 'em cash or to work. Sitting home in despair is not acceptable.

Look for work when no one is creating profitable job opportunities? Forget it.

Send cash. We will break deflation's back. Then there will be jobs. And people will go to work.

JohnGelles  08/10/2010 03:15 PM Report

NM-- You may be a good comedian.

This discussion is supposed to be about the Infrastructure Jobs plan from Bernard S.

As to Obama -- he (1) shot 3 pirates with 3 bullets

(2) passed health insurance reform against the odds

(3) passed fin. reform against the odds.

(4) with G Bush prevented depression (not as I would have done--were I elected president.

(5) won friends abroad among our European and other partners.

I agree with you that he has not lived up to his promise.

Do you favor direct cash to unemployed until they get work?

How much?

I favor cash loans equal to 10 times their average prior year taxes over the most recent 4 years--with a limit of $3000 per month until raised if necessary.

NeilMacCallister  08/10/2010 02:22 PM Report

John? ..are you blaming your inability to write a clear description of any Obama success, ..on the Charlie Rose blog software??? (..LOL!!!)

You're kidding me! ..right?

***

Hey! ..maybe GEORGE BUSH wrote this Charlie Rose software!!

JohnGelles  08/10/2010 01:31 PM Report

All things considered, this CR Show software, with its transcript link where you need it, is great.

Unless CR insists they add post-send editing to the software, we must read thru errors in people's texts. Add the words or correct them-- as you read. When text is not edited many times it is usually in need of reader help. Imagine all text is enemy code. It's your job to decode a writer's errors and make the most possible sense of their words. Many of the errors are introduced by fingers trying to be as efficient as spoken language and failing at that challenge.

JohnGelles  08/10/2010 01:21 PM Report

The transcript reads:

BERNARD SCHWARTZ:

About nine years ago, the American economy started into a long program of disfranchising human beings. People from Main Street (workers) continually lost their jobs during the eight years of the last administration and have not returned to work in their old job or a new one in the new

administration.

___________________________________

This simple statement of truth is not answered by reams of argument over Keynesian and Hayekian doctrine telling what to do in these circumstances.

The numbers of workers involved prove the problem is not one of laziness or gaming the system. The problem is our jobs and businesses do not automatically create the supply and demand for the necessities of life that would give this nation the economic security FDR told us was essential after WW II.

Now we elected Obama to say YES WE CAN do what FDR said we must.

The few of us writing comments ought not to be focused on the personal pleasure of joining Charlie Rose and Bernard Schwartz in a virtual conversation where we put them in their place.

Rather we should be solving the problem addressed by Schwartz's words-- which is the same problem FDR solved on 11 January 1944 in his Second Bill of Rights.

He solved it EXCEPT for 2 points.

..... 1. How to pay for the solution.

..... 2. How to find the votes to create the law that makes us pay for the solution.

Under FDR's Keynesian beliefs, the cost of the solution is really not a cost at all. It is a profit to the workers, businesses and nations who implmee the system.

WHY?

Because work creates the things we buy with costly money.

So doing the work creates the money we need-- unless we are all crazy and do work we should NOT do.

Hayek and anti-Keynesians suggest that if government keeps its mitts off the system, we will automatically do the work that makes the most sense.

Keynes says NO. He says we should DO the work BUT if we need more money than the work provides-- we should ask "exactly what is money?"

If we do this, we will find that money is manageable. It can be made to do ITS JOB-- if we look at the facts and follow Keynes and Lerner's advice: when you're missing money on the demand side, create it by law.

The corollary is when you're missing quality necessities to buy, create them by better design and craftsmanship on th supply side.

To perform the supply side tasks we need education, training and hard work. We do not need unemployment and the baloney we hear night on day coming from people who cannot design what we need or work hard to bring it on stream.

doodah  08/10/2010 10:56 AM Report

... and the light at the end of the tunnel, will be an oncoming train.

... and Jimmy Carter FINALLY wins one for the Gipper.

JohnGelles  08/10/2010 09:01 AM Report

..... ..... AMBIGUITY IS WHERE I'M AT:

..... SORRY, I HAD HOPED FOR SOMETHING BETTER

Yes Doodah, I expect inflation within 5 years. First in commodities and retail prices.

Capital asset inflation may come a few years after that. Certainly, in 10 years my home and the stock market will be inflated in dollars far above the highs of yester-year.

Why? Because our money will go down as Asian money goes up.

As to jobs and unemployment: we may not ever reach full employment.

We may become a basket case.

..... ..... If we do not embrace federal strategic economic management, and if we continue with free trade, we may remain in the toilet for the many years it will take for a global political economy to enact the Second Bill of Rights.

=============

You do have a point-- if our economy self-destructs, the stock market may not recover. Retail prices will go through the roof, as demand is exercised with very soft money.

We have had stagflation before. But never with Asia so capable of under-selling us with world class products in every category. I assume they will opt for military supremacy soon.

That will turn us into them, as we have already turned them into us. We will engage in an arms race-- and Military Keynesianism will again be our American system.

We will climb out of the toilet and be a proud nation. In order to avoid another world war and terrorism, we will put sensors everywhere and you will be on candid camera.

doodah  08/10/2010 08:39 AM Report

Of course crazy inflation would have the same negative effects as deflation, but 'the Fed', (they say) "understands" it better than deflation, and as such, can 'control' it better. And then the Fed chairman will go on to say, "they really don't have that much power.".?.

They really screwed up. But they did stop the leak in 'their'(financial industry) boat. Even with no wind or tide, at least they won't sink. After the rest of us sink, maybe they'll start to cannibalize each other? woo-hoo!

doodah  08/10/2010 08:26 AM Report

Thanks for the new twist(s) on economics 101-PhD, John. You said you're expecting inflation.?. So sounds like you're expecting the money to trickle down into the people's hand eventually, either by gov. or bus. (JOBS, one way or the other, I assume). Also, for there to be inflation, unemployment can't get too much worse for too much longer) hence the bottom fallout on prices and value of investments, down, down, down. Deflation takes it's grip. Inflation and jobs a distant memory.

JohnGelles  08/10/2010 08:00 AM Report

THE UN-DEBATED ISSUE:

..... Is it DEBT-based money that must be augmented by SOME DEBT-free money?

..... Or is it something else that is allowing America to suffer high unemployment and low expectations-- in the coming contest with other great nations-- for leadership of a successful global economy?

I say its DEBT and DEBT-based money that is the biggest obstacle to progress.

You must read KEYNES WITHOUT DEBT by Ron Morrison. It sayas it all. Google for it -- or try

http://www.ustaxreform.us/kwod.htm

JohnGelles  08/10/2010 07:48 AM Report

"I'm serious, John, ..quit standing on the side of the road waiting for some guy who said he was going to show up and provide you direction. Nobody is going to come, ..you're old enough to know that." -- Writes Neil MacCallister.

It's pithy. But it has no operational meaning.

I said we (who comment on it) should return to the Schwartz plan. Neil does not do that. He comments on a commentator (ME).

Look Neil -- The plan is for GOVERNMENT to invest HEAVILY NOW in infrastructure. Not for Schwartz to do it.

It is a good plan-- if an old one.

We are NOT doing it because deficit-hawk ideas are too popular at the moment. When Chaney put those ideas down, under Bush, nobody tried to empower them.

William Vickrey explained that deficit-hawk ideas are invitations to economic misery when supply is high and demand is low.

That's the simple truth. I said stick with it. Neil jumped off the track to find fault with me for not ???

Not what Neil. You're a great one for asking WHAT. Now suppose you tell us WHAT.

1. What way to vote this November?

2. What investment to sell or buy--personally? I'm all in cash. I will lose when inflation hits--and it will. ill I have gotten into more or different residential housing (meaning MOVED}? Maybe.

3. What to believe about the Charlie Rose Show? It's a business and a school. And Charlie will have to quit one day--and be replaced by someone with different tastes. Will we have show based on archived courses in history and futurism? Maybe. More probably NEWS will always drive his type of show.

=====================

You know Neil, you are too quick to confront the comments instead of the issues: you wrote, "Sorry John, ..but it is not WE who gave up on YES WE CAN, ..it was Barack Obama."

Well, that is exactly what I did say-- it is Obama not those who voted for him-- who is failing on the job.

Now I'm doing the same-- attacking you not the issues.

Let's get back to the Schwartz issues: JOBS and the future of PROGRESSIVE versus CONSERVATIVE political power. Schwartz wants JOBS now and PROGRESS now and forever.

Me too.

NeilMacCallister  08/10/2010 07:05 AM Report

Sorry John, ..but it is not WE who gave up on "Yes we can", ..it was Barack Obama.

Where is that "Youth Job Corps" that he promised would put so many millions of young people to work?

While TRILLIONS of dollars have gone to Wall Street, ..the unemployment rate of those youth populations has now grown into the 20 and 30 percents.

***

Barack also promised this nation that if we elected for him, we would ALL have the SAME health care package as HE enjoys.

Is he now enjoying the SAME health care package as us? ..or has he decided to stick with one which is a whole lot BETTER?

***

Now you want to hang your hopes on Mr. Schwartz, ..why?

What is stopping Mr. Schwartz from starting a "Roads and Bridges" maintenance company right now, and employing people to repair infrastructures across the nation? ..He could cover all his costs by contracting a "pay now" annuity to be covered by all the many billions that David Rubenstein, Warren Buffet, and Bill Gates came onto this show to announce that they were going to "give to America" after they die.

(..Or are all those men's billions going only to the type of "charities" that supply recoverings for the velvet chairs of 'The Kennedy Center For the Performing Arts'?)

***

I'm serious, John, ..quit standing on the side of the road waiting for some guy who said he was going to show up and provide you direction.

Nobody is going to come, ..you're old enough to know that.

JohnGelles  08/09/2010 11:44 PM Report

We probably have no more than half a dozen Americans, (out of seveal hundred million adults,) reading our take on the Schwartz plan for infrastructure investment-- as a path to jobs and progress in the imediate future.

We would do well to stay with the issue of jobs NOW-- with the courage to say "NO" to plans to desert YES WE CAN for a cautious embrace of the system as it is.

There is a strong chance Obama will fail in the end-- for lacking the courage to insist on radical reform-- to bring back the middle class and American manufacturing leadership to the preminence it so recently had.

I have promoted the simplistic notion of debt-free money creation by any means possible. These include quantitative easing, sovereign federal silver certificates, a very high natioal debt, and other schemes.

I believe any would work if we used the investments to improve ifrastructure as Schwartz says and as Obama has weakly wanted to do.

The sad truth is our nation is divided-- and economic insecurity seems to be our wish for ourselves-- and our destiny.

FDR warned us with his call for the Second Bill of Rights. http://www.t2bor.info/2nd-bill.htm (or Google for it.) He warned that democracy's failure to evolve into an ecoconomicly secure system would be fatal after the war-- as it had been before WW II.

Government has failed us-- as conservatives say it must.

What may hurt the most is that we too have failed ourselves -- we have failed to unite behind a reform message that would fight for Freedom From Want as hard as we did in WW II.

NeilMacCallister  08/09/2010 03:41 PM Report

This internet is a new "wealth" for many of us.

'The Affluent Society' said: "Until he learns to live with his wealth, he will have a well-observed tendency to put it to the wrong purposes.."

(John, ..I didn't write those words, you did.)

The book continues: "As with individuals, so with nations."

(Will this administration's $4 trillion dollar "redistribution" of public wealth to the Democrats' Wall Street and Labor Union political supporters, ..the 2,000 pages of new Healthcare regulations, ..and the 2,300 pages of new financial rules really to prove to be an "Organizing for America"? ..or an "Organizing for Wasteland"?)

***

Everybody's lips are smacking for President Obama's promised "New-New Deal", ..but nobody wants to mention the austerity programs which were also part of the 30's.

***

Excuse me now, ..a "rich guy" government-worker has just called me to go put together a treadmill unit he has just purchased for his lovely wife.

doodah  08/09/2010 07:02 AM Report

Like I said before, "I'm still not opposed to abolishing the Federal Reserve, to create a more real and fair currency,".

Especially if it will make it possible to own my own personal robot, to do all my heavy lifting. .. Everybody will have their own robot with it's own marketable specialty. The robots will go to work and earn the money and give the money to their master and they won't complain (unless you program it too, some people might like a bitchy robot). And the humans can spend their days working on things they want to work on, and NOT have to worry about paying their bills. I LIKE THAT! Where do I sign?

JohnGelles  08/09/2010 06:16 AM Report

Neil MacCallister wrote,

..... ..... "Let's make America an economic democracy by ending all taxes-- as government sells us luxuries, to reap profits to pay its bills-- and working people grow rich!" -- is a quote from a JG post.

.

And Neil remarked--

..... ..... Where have we heard THAT before?

..... ..... I won't wait for my check. ...

===========================

Yes-- Neil, it was the Chinese communist party that talked of the Chinese people's duty to work and save and grow rich.

Were they wrong? They were late in changing their tune from the cultural revolution's vendetta-- that nearly destroyed the Chinese upper class for acquiring wealth if it could.

We know people are born and remain unequal in gifts like music, art and athletic talents. They are unequal in a talent for invention, focus and business-- for performing nearly every task in fact.

The communist party of China decided to let nature have its way-- and ask for equality and uniformity not in hard work or performance but in obedience to party doctrine mainly.

Such non-consensual obedience may be a poor goal in a democracy-- but wanting to own money my have been a personal goal common enough among its citizens for government to cash in on it.

The American dream was never without a material goal among others. If government puts that common private goal to use they may have some nationalist success with it.

I believe our two party system ought to seek more compromises-- perhaps a compromise that sought business profit and worker economic success as compatible goals, because production of the things that money can buy was chosen over hard money, itself-- as the object of improving a nation's political economy.

None of us will hold our breath until such theories prove out. But neither should we hold our nose at the thought of compromise by business and labor for the sake of peace and plenty.

Where would science and technology be today IF our ancestral generations had not worked for MORE wealth than they had-- and often earned it against all odds.

We always come back to that deficit in demand and sometime deficit in supply. These are deficits to make up. The deficit in money revenues has no meaning when a nation owns its central bank-- as we do and so does China.

If I'm telling a lie, how come the president appointed Bernanke and his Board-- and together they have pumped out the cash the president wanted. The fact that he's not wanted enough is his fault and our fault for not telling him so-- although Krugman, Schwartz and some of us here are screaming at him to wake up and smell the greenbacks.

Yes it's three in the morning. And yes, I've p'd enough. If only our culture knew as much about money as it claims to know about democracy, we would NOT be downsizing public services in states already below an acceptable standard.

JohnGelles  08/09/2010 01:50 AM Report

Someone is bound to say -- to himself or to this forum --

..... "John, the reason we do not allow post-send edits is to punish writers like you who write too fast and too often.

..... "Write less. Write better the first time. The world will do OK-- even if you don't write at all.

..... "Que sera sera."

JohnGelles  08/09/2010 01:41 AM Report

I seem to have fallen asleep in screwing up the following corrected paragraph:

3. The conservatives are currently winning. They promote oligarchy over reform--(rule by and for the rich). Economic rights and economic democracy are not their aim. Their triumph if it lasts won't be nice. It could end in our missing the boat that to be crafted from the Singularity as Kurzweil imagines it.

.

[ As mentioned previously, "amazon.com's" discussion software allows editing after posting. This means some people will write to text that is later changed.

Big deal. It's not as bad as seeing your errors and being powerless to correct them. ]

JohnGelles  08/09/2010 01:27 AM Report

Well friends,

Let's review the possibilities:

1. The end of history-- as forecast by Fukuyama-- which ignored the Keynes-Marx fear that traditional monies did not pay wages enough to buy what the system produced. There was too often a deficit in monetized demand. Keynes and similar accountants suggested injecting money to make up shortfalls. All went well except if stagflation developed and greater supply was needed, as well as greater demand. The progress til then was interrupted because raisin both supply and demand in the right amounts was not that easy to do. A self-correcting monetary system of production was not invented-- and political corruption, an age-old curse, was present with sufficient effect to leave us where we are.

2. The contenders, USA, Japan, China, EU, India, Russia, Brazil, and a dozen smaller but well developed nations, are all sort of in the running. The first to lead the others to a monetary system of production that everyone recognizes as logically and empirically better than all the rest, which might easily come first on any continent, will help to end the now-ancient dispute between capital and labor.

3. The conservatives win all over: they promote oligarchy over reform--(rule by and for the rich); economic rights and economic democracy. This won't be nice; it could end in

our missing the boat that to be crafted from the Singularity as Kurzweil imagines it.

What I have added to this theory the fact that competitive excellence, similar to that evidenced in the Olympic spectacles, may increase inequality in wealth-- but that would not be the end of history.

If we dovetailed the force of competition with its companion force for cooperation evidenced on every highway where millions drive not to their death but to their destinations, we would use inequality to protect the power of money motivate work, as the minimum standard of living rose to the level democracy demands.

Imagine the hard work of the average farmer not that long ago. Compare it with what such farmer will need to do not that long from now. Factor in artificial intelligence and all the robots we're going to produce.

Idiots today talk of money as the fuel for supply. It is not. Work is the fuel. And robots can do work. If we create the supply, demand will equal it. If not, we will stay as we are. A disappointment to Kurzweil, Kamen and Gelles.

robdverity  08/08/2010 10:37 PM Report

Without revenues (taxes) we're headed toward becoming a banana republic. Gas tax $1.00/gal. Bush tax repeal as proposed by O. VAT with geometric increases for luxury and non-essentials. Spending cuts starting with the military.

Take a breath - none of that will even come close.

NeilMacCallister  08/08/2010 10:08 PM Report

John Gelles: "Let's make America an economic democracy by government sales of private business luxuries so that all working people will grow rich!"

Where have we heard THAT before?

***

I won't wait for my check, John, ..I'm going out now to mow another lawn.

JohnGelles  08/08/2010 08:22 PM Report

Robdverity's msg crossed path's with my own that

explained my comment was sarcasm-- and that he

and I are on the side of people who must work

and are generally underpaid. I am a life-long

Democrat with a median income and little wealth.

I'm average and without Medicare would be dead.

I drink beer mostly and my desktop is 8 years

old. I deserve no sympathy. And I'm angry as

hell. I had a free education. My grandchildren

cost my kids a hundred grand a piece-- three

of them.

But I have specific beefs: Conservatives are

anti-tax. So am I.

Conservatives are anti-government investment

to make America an economic democracy. I hate

them for that. The compromise we need to make

between them and me is for them to see the

need of economic security for ALL. LIKE "WITH

LIBERTY AND JUSTICE FOR ALL"-- the pledge they

make to flag as they vote the other way.

If we allow government investment to protect

our middle class society and human rights, we

can avoid all taxes by encouraging hyper-mass

production. That will permit all Americans to

grow rich in time-- which is the slogan of

communist China-- after they tried their

cultural revolution and paid a terrible price

to know what our founding fathers knew from

the Magna Carta on.

So, if we have federal investment paid for

government sale of luxuries and money

management-- not taxes-- there may be a

need to mop up too much money in

circulation.

Two things can mop it up. One is savings

by working people. The other is luxury

sales to working people by private

business-- no longer taxed.

That is my plan and objective:

affordable necessities--subsidized

as necessary as our food is today.

And profitable luxury sales, that

account for income disparity we

so far think is better than

leveling all of us to MY income.

Understand ?

JohnGelles  08/08/2010 06:04 PM Report

As you can see-- no crash and only one typr that I noticed--th ought to have been the.

Now for my item b.

I watched John Boehner on Meet the Press. They say his name as "BAINER" or "BAYNER: Sh't . I say mine as Gellies or Gells. Like Norman and Barbara Bel Geddes and Sumner Welles. Andrew Carnegie gave millions to make English spelling phonetic (fonetik). He did not give enough or enuf.

Anyway, the Minority Leader of the House (with his suntan and combed hair?) offered good ideas for a nation that wanted business to do the work-- even if government has to fight the wars or prevent them. His ideas are mainly HIGH PROFITS and affordable taxes-- which I like. My version is HIGH PROFITS, HIGH WAGES and NO TAXES.

Anyway John B. sent me to americaspeakingout.com

What a phoney and a fraud.

The software stinks. The concept stinks. It's all noise. It needs professional editors and moderators and to condense its glut to a few re-stated agenda items.

My wife is calling.

robdverity  08/08/2010 06:00 PM Report

John, are you Gellen? Obviously not. This for you (from a prev post):

Here I always attributed "I've-got-mine-where's-yours" to Republicans - a la the top 1% that have acquired most of the wealth (oligarches, big banks, Rubin, Goldfein, Madoff-types, Summers, Paulson, MI CEOS et al) by recruiting unsophisticated NINJA loans on a scale to capsize the world's economy. And no one went to jail - assuring moral hazard sooner than later.

Case in point: Waters and Paulson. Paulson should do real-time for his three-pg heist of the treas. for big bank bailouts (alone). Now as a complicit perp. in the Waters influence peddling, she's vulnerable - he's not. Pure venal BS.

Any and everything is for sale in the good ole USA. Paulson bought the banks with our money, they bought him an island in the Bahamas (doubtless tax-free). ALL TO AVERT A FINANCIAL MELT DOWN! Well wow that sure worked. And we still have to endure the predatory banks.

God hates us. Justifiably! [End prev. post]

From a Gelles riposte below: "Well, if we write the checks, the ambitious will grow lazy. And if a lazy SOB worked a job for years and years BEFORE the BUBBLE BURST, this is not the time make him lazier!

".... ..... Let him suffer--even kill himself. We may have had to protect the bankers who caused the bubble--but we don't have to protect ordinary slobs who, lazy as they were, never owned a bank!"

That's such a bizarre diatribe I have to hope you were kidding. If not you've really swilled the conservative kool-aid. We're in the swill we're in because we protected the bankers (which will assure a moral hazard), and did nothing to make them adhere to common-sense practices.

The "protected" bankers created the "ordinary slobs" you want to throw under the bus. Long run meaningful recovery would regain "lost" confidence by real jail-time for the predators. The world would see that their is justice and logical restraints on such malfeasance and criminal action. Not rewarded with obscene bonuses. (Is that the check you wanted written? Well it was.)

You're obviously well-off with no real financial security concerns. Your parochial disdain for those less fortunate is typical Republicanism and anathema. Even so I don't want you to 'off yourself.'

JohnGelles  08/08/2010 05:43 PM Report

Dear Friends,

"We may have had to protect the bankers who caused the bubble--but we don't have to protect ordinary slobs who, lazy as they were, never owned a bank!"

The sarcasm above is how I solved the problem.

a. The checks would go to anyone out of work. This idea is popular-- we call it relief. We used it before and recently. HOWEVER it is burdened by the notion that it rewards LAZINESS and will cause a LAZY-DISEASE EPIDEMIC if used once too often or if th checks are really big.

On account of the above concern, I have another plan. Issue NO relief checks. Instead, allow micro-loans based on their purpose and measured by a loan's relationship to PRIOR YEAR'S INCOME AND PAYROLL TAXES paid by applicants for the loan.

This would, basically, stimulate the economy with measured amounts of lent money that was close to a REFUND of taxes already paid that history has proved the payer could not afford. (Our current tax law has such a provision-- called 5 year averaging).

My thought may be very much the same as averaging, except I would include payroll taxes so that workers would get the loans as well as businessmen. And, because these were loans, not tax refunds, they could be higher and burdened with almost no red tape (the internal revenue code is a nightmare-- to re-file and claim averaging will send you to a professional-- and you may not have the money for that.)

I would send you the check based on a post card where you specified the loan amount and purpose-- and declared the amount was less than the taxes you paid as income tax or FICA tax over the previous 3, 5 or 10 years.

The stimulus I'm suggesting could start with the 3 year measure. We would raise it in round 2, to 5 years; and in round 3, to 10 years, if the idea was working and everyone was getting rich and inflation was not a problem.

This software suggests shorter message than I've been sending--and maybe more of them. That way you will lose less if your system crashes.

doodah  08/08/2010 04:55 PM Report

Mr. Neil, I wasn't disagreeing with any of John's words. I was just stating that he was revealing nothing new; and as such, was not solving a problem; as he claimed to have accomplished before returning to slumber.

I can also appreciate his duly notes. But just as, as a critic, it's so much easier to see what's wrong, to see the problems, than it is to find a REAL solution (a reality that extremists of both the left and right can hang their hats on; they're not interested in a solution; they just want to win an argument and collect their check from their friendly banking lobbyistas).

"Vote" is the solution, you say. Do you honestly believe things would be any different now if it was President McCain right now? (with exception to the 'healthcare' distraction and possibly some redundant ambivalent penny-ante cuts to the 'bridge to nowhere'). Regarding the war, the economy , the oil spill?. Now how the hell would anything be any different?! and please be real

NeilMacCallister  08/08/2010 02:43 PM Report

Well, doodah, ..I happen to like what John says, ..he says things with immediacy, and to the point.

I do question his statement that people who suggest solutions to our social problems are striving for an equal addition of "the credit and the glory". Maybe they just do not want us to drown, themselves included.

But I whole-heartedly agree with his noting that any of our successes are the results of work "done by many hands".

And THAT is the solution to your lament that "..politicians won't work. They are puppets."

It's called your VOTE! It's the votes done "by many hands"!

Everything we get, or don't get, ..we get by our votes.

***

John? ..I do wonder, ..to whom did you want to see that check written to? ..and to purchase what?