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

[Michel Bauwens]

hi Thomas ,

I know you dealt with the fraud issue regarding compl. currencies,

do you have any reference? (and from o-hers)

Michel



On Fri, Nov 11, 2011 at 12:55 PM, <ideasinc at ee.net> wrote:

> 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
>
> _______________________________________________
> P2P Foundation - Mailing list
> http://www.p2pfoundation.net
> https://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation
>



-- 
P2P Foundation: http://p2pfoundation.net  - http://blog.p2pfoundation.net

Connect: http://p2pfoundation.ning.com; Discuss:
http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation

Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens;
http://twitter.com/mbauwens; http://www.facebook.com/mbauwens
-------------- next part --------------
An HTML attachment was scrubbed...
URL: https://lists.ourproject.org/pipermail/p2p-foundation/attachments/20111111/97670017/attachment.htm