[P2P-F] Bill Black at #Occupy L.A. video

Fri Nov 11 06:55:50 CET 2011

Bill Black is a extraordinary speaker, imo, clear, direct, empirical, and  
intelligent. In that he holds a dual posting at the University of Missouri  
at Kansas City in both the Law School and in the Economics Department is  
not an accident. His pursuit of the dysfunctionals of the banking sector,  
both as a regulator and as a professor is part of the reform in MMT  
monetary reform and the regulation of the dys-functional as per Functional  
Finance.

In this context I have yet to see anyone anywhere promoting the lesser  
forms of community currencies and exchanges, which I will not list here,  
in all the possible breathlessness applied in promoting these "community  
alternatives" I have yet to see even a single clause recognizing the  
massive potential for fraud within the nominal "alternative"  category.  
There simply are no standards whatsoever relative to transparency or  
accountability. This is the Ronald Reagan/Margaret Thatcher version of  
opening access to fraud under the pretense of higher principles, TINA. It  
seems that this is an "alternative" version of a TINA assertion, presented  
as a recitation of various mantras as "community, " "Free!,"  
ALTERNATIVE,"  and then multiple attempts to compartmentalize the  
perpetration of fraud.

As I referenced way earlier The US had a period of monetary history which  
became known as the "Free Banking" era. By most measures it was a major  
fiscal disaster, levels of fraud had not been exceeded from that era up  
until the late 1980'a and the beginnning of the US Savings and Loan crisis  
which Black was a lead prosecutor

Tadit
.

http://www.youtube.com/watch?feature=player_embedded&v=N_AuvLTJNh0