Charlie Rose

danono  11/18/2010 10:09 AM Report

http://www.findsoso.com

The mission of findsoso.com is to provide you with the most hot goods at hot price from China. If you like to hunt for something

special at low price by fashionable online shopping.

We promise to:

Provide 24/7 customer support on weekdays. Offer our customers the low Chinese wholesale price. Streamline the buying and

paying process. Deliver goods to our customers all over the world with speed and precision. Ensure the excellent quality of

our products. Help you find products and manufacturers in China.

http://www.findsoso.com thank you!

JohnGelles  10/28/2010 04:23 PM Report

doodah ~

Monetarism is the search for the QUANTITY of money on hand -- and what can be done about it --

..... 1. to enable skilled working people and their organizers to produce all needs at affordable prices measured in money, and

..... 2. to enable parliaments and their central bankers to ensure that money will be created in QUANTITIES sufficient to motivate (and to later buy) such production -- and

..... 3. to establish a pattern that continues to reflect production and purchase of needs without interruption of the natural cycle of eating, working, sleeping and repeating those functions over and over again.

doodah ~ ... Gold was a commodity of certain total weight that increased every day as miners and smelters found more and more by the hour. It did not respond to parliaments and bankers who might be responsible for its performance as money.

Nevertheless, gold worked well enough for the industrial revolution to take root and fiat money to take over as the most successful money ever invented.

Men of insight came along and advised how to avoid a shortage of liquidity, and general shortages of purchasing power, to keep monetized demand high enough to grow production to match most need and money to match such growth.

Keynes and Lerner were two of these many men. Benjamin Franklin, Abraham Lincoln, Major Douglas, Mariner Eccles, Henry Morganthau, and Ben Bernanke, were some of the many others.

Sadly, President "Barry" Obama and "doodah" the magnificent one, don't get it. Doodah, like me, doesn't count. Barry counts. And dropping the name Barry did not add to his smarts.

Charlie's conversations with Gary Wills and Ron Chernow last night on KCET were among the best he has ever broadcast.

Wills wrote NIXON AGONISTES. Nixon is among our greatest presidents ever for the one reason that he finally freed us from all constraints imposed by laws on gold as a necessary element in the money supply.

I believe the resignation of Nixon from office and the pressure by others to make this happen were among the worst political actions I witnessed in my life. I was 8 years old when FDR started our departure from the gold standard, and 46 years old in 1971 when Richard Nixon had the wit and courage to finish it.

Now Barry Obama has become a deficit hawk which effectively is worse than than reversing Nixon. It is folly of first order. And Barry has the whole world in agreement with this folly preparing to repeat the 1930's as though the early 1940's had never happened.

I am not alone in this mini-crusade to bring sense back to monetary, budget and fiscal policy all over the trading world. There are many thousands of us here, in Britain, Canada, Australia, France, Italy, and other places where arithmetic is still understood. But we have no leader. Too many who know what to do about money are also premature pacifists in a warring world. Others hate bankers so, they would take on all possible enemies, when political facts suggest we can end poverty, pollution and certain terrorism -- without taxes -- far faster than with them.

I am also not alone in hoping technology will end scarcity before false law and economics, by accident, end technology.

..... Singularity University, in league with our government and NASA, is racing ahead of our ignorance to bring a new enlightenment to the whole world -- not only the West.

doodah  10/28/2010 10:29 AM Report

Keep writing JG. Monetarism is 'the way'. We can, no doubt, go back to gold or those stick-things of the middle-ages, as much as we can scrap our motorized vehicles and go back to the horse and buggy (politically or potentially). Those ideas are just scams of our modern day snake-oil salesmen. .. It's just unfortunate, that this (monetarism system) (keynesian or classical) allows what amounts to snake-oil salesmen to pick the winners and losers. And of course, they will take care of their own. Which ONLY encourage and produce more snake-oil salesmen; a problem they'd rather kick down the road (migraines are so un-coof).

JohnGelles  10/28/2010 08:41 AM Report

rob--and those who see America 2010 as Germany 1923~

The risk of American decline and global disarray today and the decade ahead is great. It is happening NOW with a President whose following is fractured and whose nation has forgotten the principles of Functional Finance that must be recalled from WW II to retool the arsenal of democracy for success at home and abroad.

A leaderless global economy will fail to match demand to supply and supply to the needs of peace and prosperity. It may drift toward wars -- trade wars first, worse wars next.

Voters like rob and others are not really the problem. Obama is the problem -- he lacks the brains and guts to see what's wrong and fix it.

No one among our current politicians and pundits, except Ben Bernanke, has spoken up for essential liquidity to prevent loss of critical demand. Nor have they stressed the power of money to break the back of deflation and invite production of critical green supply of energy and the material needs of national and global security.

Zakaria sees automation and thinks robots will not produce our needs because they would prefer to only take away our jobs. He sees globalization as aimed at destruction of purchasing power when it is an engine for creating new money and the supply of things to purchase at affordable prices. He sees our politics as incapable of doing the right thing. Mandelbaum, Zakaria and Rose, all see and say the same things. They are all not up to their jobs.

We in the audience are invited to vent. But Rob and his crowd would prefer we vent Hoover's notions not Lerner's. In a way its slavery all over again: this time we're wed to wage slavery. Automaton and globalization invite the increase of production of all that retirees and children need and working generations would love to provide. But Sarkozy in France, Cameron in Britain, and Obama in America are blind to the war against wage slavery. With Jeff Davis and Robert E Lee in their heads, they remain loyal to what is familiar and ignorant of the moral issues involved.

Would that I had them alone and could persuade them to open their eyes. Nano-tech, biotech, and info-tech revolutions have empowered them to lead us to the promised land. Why are we so unfortunate to have leaders who have lost their way and their voice?

Do the followers here deserve the decline they suffer? Some in Wall Street and banking are still stealing and expect to get away with ignorance for their own narrow profit forever.

..... ..... Do they forget the fate of Europe and Asia in 1945? The non-American rich of that day saw their assets burning in every street. We did not -- but we saw the Gold Stars and crippled warriors who paid for our freedom today and their leaders' ignorance in the years of the 1930's depression.

Obama is the worst of all. He alone has the megaphone that if he used it could end deflation, unemployment and wage slavery overnight.

robdverity  10/28/2010 02:04 AM Report

John - the wheel barrow industry will thrive under your ideas to carry money enuff for a loaf of bread.

JohnGelles  10/27/2010 09:49 PM Report

Note to Charlie Rose: You need a cadre of unpaid volunteers to improve this forum so that it allows good ideas to build upon each other. Hire only one or two young experts to mange the cadre's input form thousands of retired people who watch your show and can be recruited here.

You and Zakaria are the digital heirs of American popular middle brow influence growing out of broadcast operations. But unless you act to capture a mini issues wikipedia, all will dissipate -- nothing will last or carry any weight. I'm not asking for the moon. Just a little common sense when all around us is threatening American decline a thousand years before its time.

JohnGelles  10/27/2010 09:35 PM Report

Prof. Michael Mandelbaum declares we will have a cash- strapped national Treasury -- IF we do not "spend less" on social security benefits and/or "take in more revenue" with which to pay the bills that our Treasury receives for government operations and investments.

Those who disagree with "cash-strapped" -- as something sovereign governments can possibly be -- tell of the same situation with completely different words, ideas and agendas.

We, who disagree, say cash is what central banks create to reflect the needs of a monetary system of production for demand to match supply at sustainable profits and prices.

Our nation cannot run out of cash. It can run out of labor, material and products that cash must be able to buy to protect a nation and its population from shortages on our shelves of any significant kind.

By the same token, Prof. Mandelbaum mentions debt without a full discussion of debt for equity swaps, restructured debt, reorganized debt, debt discharged in bankruptcy and debt that cannot perform whose market value is far below its face amount.

This particular discussion aims at the heart of many of our most pressing problems. But there is no voice for supply side economics that would reduce taxes to raise supply that would permit new money to create demand to match such supply. Nor does it mention demand side economics that would create demand for all existing supply at a fair price.

Our economy has its real elements -- like raw materials, skilled workers and designers, ready energy, satisfactory upgradeable infrastructure and the like. Its overlaid logistical (supply) systems, financial systems, legal systems, etc., are in need of urgent re-definition and testing to see that they can with more than adequate deliberate power support democracy and provide for the common defense against nature's fury and all human enemies foreign and domestic.

Instead of such real power, the discussion touched on a gasoline tax. The tax is the opposite of what makes sense in an economic democracy. What makes sense is subsidies for green energy high enough to move the whole nation away from burning carbon and toward solar power in its many forms that burn no carbon. Carbon is for building structures and creating diamonds.

Charlie Rose and I did not die on the operating table when they repaired our hearts. We owe every year we live to bringing to law and economics the common sense that save our lives.

You say it was high tech surgery that saved us -- not common sense. OK, let's have high tech law and economics as developed by the late Abba Lerner and Maynard Keynes. It's high tech because it connects the real world to itself: it takes people and the earth's bounty and produces what we need to keep the peace and save the lives of people with nearly busted hearts.

robdverity  10/27/2010 05:41 PM Report

He lost me with the American "exceptionalism" BS. As long as anyone of exception thinks that - still - we're doomed. We will function in the future much better as a "member" state than a do-it-our-way-or-else one.

The financial wise-guys pushed us off our teetering position with a finality. Why would the world community look to us for economic and political example and leadership after what we have shown as our dominant priorities. Their despots and cretins are as (un)acceptable as ours. Unless of course they're looking for examples of war (for profit) and mayhem - preemptive or otherwise.

We are no longer the big-boy on the block. Even our stupidly out-sized number of nukes are neutralized by those with far fewer. Threats (real or hollow) of their use can and will be countered with, "Get buffed big boy, you've got more (infrastructure) to lose than we do. Bring it on."

High school bullying is a national problem. Our military and many of our pols appear to never have graduated.

REMant  10/27/2010 02:10 PM Report

Hard to say "John" Hopkins, isn't it? Can't imagine why they changed it. Certainly didn't save any money. Maybe the neighborhood had trouble with it. If so, I fear it is a harbinger of politically correct things to come. In any case, it must be difficult being a thinking man's neocon these days. We can't be the world's policeman. We never really could. No one can. But it wouldn't matter even if it were possible. The British proved that. But as economic development proceeds, we ought need one less and less. At present, our policies bring it on ourselves, in a self-fulfilling prophecy, in much the same way we never have enough jails. I'd say ending that vicious cycle is more important than energy independence and the like. One thing tho about the defense budget, is that it hides all sorts of R & D, etc, that Congress would never otherwise authorize (unless it was in some chairman's district).

anne4444  10/27/2010 01:58 PM Report

The golden rule "he who has the gold, makes the rules".

Frugality + Wisdom = Gold

You can’t have the Power and leadership without Gold.

Bankruptcy is for someone who likes power and leadership more than the Gold.

anne4444  10/27/2010 01:57 PM Report

The golden rule "he who has the gold, makes the rules".

Frugality + Wisdom = Gold

You can’t the Power and leadership without Gold.

Bankruptcy is for someone who likes power and leadership more than the Gold.

doodah  10/27/2010 12:20 PM Report

He doesn't mention, "nuclear". But, that is the eventual reality he is proposing (or even not proposed, the ultimate direction we are heading for, like it or not; "it's not fortune-telling, it's reality, baby"). And I agree with it. A responsible gas-tax would be more tolerable as the rest of the world steps up to the responsibility of policing their own backyards.

doodah  10/27/2010 12:10 PM Report

Dr. Mandelbaum raises some interesting points here. I think he realizes the majority of the world will forgive us for using nuclear weapons on terrorists as 'frugal-justice' for future (or possibly past) terrorist attacks. It would go a long way to fixing a lot of problems, both foreign and domestic; and the future of the world as a whole would be the winner.