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The Feral Cats of Freedom Talk Radio - Today's Guest


Yes, we did what Howard Dean, John Edwards, Dennis Kucinich, Thom Hartmann  and this fall, Barack Obama, told us to do.  We got off the couch and got active.  Back in 2004, We went out and got ourselves three hours of alternative independent very lefty labor oriented talk radio on the same channel as Rush and Sean.  In our area we have 63 hours of right wing Ayn Rand loving talk radio to our 3 hours.

Each week on "Democracy's Edge" (named after Francis Moore Lappe's book by the same name) the Feral Cats of Freedom with co-hosts Diane and Dave call on their listeners to help them cough up fur balls of truth from the baloney that we've all digested throughout the week from the Fat Cat News, the Corpulent Corporate Press and the Bloviators of Blather. 

We have had on voices that were in the wilderness but now seem to be getting heard.  We had on Dean Baker almost 2 years ago.  We've had Glen Ford (blackagendareport.com) on a year ago telling us about the 150 trillion "mother of all bubbles" caused by "the banksters."   Francis Moore Lappe, Sam Pizzigati, Ari Berman and Katha Pollitt of "The Nation", Melvin Goodman "Failure of Intelligence" , Rick Perlstein "Nixonland",  General Robert Gard, NY Times Foreign Correspondent Stephen Kinzer, Harvey Wasserman, Stephen Zunes.

This week we've asked Stephen Zarlenga of the American Monetary Institute return to talk about the "lost science of money".
"Should there be such thing as a moral economy or moral and just money?"  He thinks so.  How do we get there?  One of the ways is to take back control of our money.  As Dennis Kucinich said "The Federal Reserve is about as federal as Federal Express."  Dennis continued and quoted Stephen last week on the floor of the house.
http://cspanjunkie.org/?p=1724

We'll discuss the difference between money and debt.  Is money a commodity and therefore a creature of merchants and bankers?  Or is it an abstract social institution embodied by law- a legal institution and therefore a creature of governments?  Are people capable of governing themselves and their own needs or do they need to be ruled by authority or elites.
"Aristocrats or democrats?", said Thomas Jefferson of the choice  that always happens in who should be the "deciders". 

Last time Stephen debunked the idea that the Continental dollars circulated during our Revolution did not work.  They did until the British started to counterfeit them. 

Stephen speaks in a very down to earth way about this seemingly complicated mess of money.  It's not really complicated.  The banksters just want to makeit seem that way.

Join us every Saturday from 2-5PM Mountain Time (2 hours earlier than in New York City and one hour ahead of California).  Stephen will be on at 3PM Mountain Time; 4PM Chicago time and 5PM East Coast Time).  You can live stream at  http://www.kmmsam.com
We don't have an 800 number yet.  We just started live streaming.   Our call number is 406-522-TALK.  
Podcasts are at my website http://www.montanamaven.com

Our news sources are primarily Alternet.org, Truthout.org, Talklingpointsmemo.com, Truthdig.com, Workinglife.com., ourfuture.org, and, of course, The Daily Show and Andy Borowitz.

Please join us and support local democratic radio on "Democracy's Edge".  Democracy is not something you have, it's something you do.

This week's book of the week is "Unjust Deserts" by Gar Alperovitz and Lew Daly. 
This week's quotes of the week are:
"It ain't what you don't know that gets you into trouble. It's what you
know for sure that just ain't so."
-Mark Twain
In the beginner's mind there are many possibilities, in the expert's mind there are few. In order to study Zen, one must preserve their "beginner's mind".

Yes there's a lot of misinformation out there regarding health care reform, our banking system, foreign policy, and labor unions.  These are some of the topics we discuss every week as we try and root out the truth.
Warning:  Gallatin  and Park County, Montana like most of Montana is a pretty conservative place with a good helping of Libertarian.  So our callers veer right.  Always a challenge.


25 Comments

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Note: unattributed quote, "In the beginner's mind there are many possibilities, in the expert's mind there are few. In order to study Zen, one must preserve their "beginner's mind", I believe is from Shunryu Suzuki.

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I think I got this from you. I'm on the air right now.

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I'm listening right now. I've got to get some work done, so unfortunately get to finish listening. Interesting interview/discussion!

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You do have two fine senators, however.

"Should there be such thing as a moral economy or moral and just money?"

My response is YES

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Is the streaming free? Air America wanted me to start paying for theirs.

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Yes, I think so.

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I will try to catch this show today. I've had some discussion with Ron Paul type friend. She hates the Fed and fiat (faith based) money. I say the problem is morality (individual first, institutional second).

The notion of "moral money" might hit a common ground we have.

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Stephen Zarlenga asks who made the "neutering Congressional Democrats". Anybody know who made that remark? Norquist?

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http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=1424630&mesg_id=1425476

is the only hit I got. Quote:


warren pease Tue Jul-24-07 07:50 PM
Response to Reply #11
22. You forget the 'unitary executive'...

... who has proclaimed himself lord and master over all branches of government, and solidified that claim by neutering congressional democrats, packing the courts with wingnut lackeys and turning the DoJ into Bushie's own avenging hordes of doom.

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Geez, I thought I was hopeless, cheer dogwater up!

Someone!

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Grover Norquist said the thing about "fixing" the Democrats.

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This has been great! Thanks for letting us know

=D

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I missed 45 minutes due to emergency client call, but I was not impressed by the guest in the first half hour or the last 15 min.

He talks about banks creating money. This is just not true. In the USA only the Fed can create money. Your local bank doesn't create money, all it can do is borrow, lend, invest, and adjust its capital reserves. The most a local bank can do is to decide to make loans (or decide not to make loans). It can make money work harder, or work less. The crisis we have can be partly understood as people trying to make money work too hard (overleveraging) and that failing when fundamentals weren't there.

His other critiques do have some value but really he's so shallow that he comes off as being "mere entertainment", what he called some other show mentioned by the host (you?).

Have you read The Shock Doctrine? I'm just reading chap. 9 now.

The show is a nice idea. I notice that the two callers after Jerome both had to wait a long time to get on the air. Maybe you could get them on air faster, and thus encourage more callers. I started to call about a number of interesting points, but cannot sit on hold for a long time.

Interesting points from the rest of the show:

Beginners mind vs. Expert mind.
Comment: Synthesize the two, they represent Possibility vs. Necessity, but "reality" occurs "in between" the extremes.

Be fair to progressives in Congress (re liberals not being liberals).

[Can't read my notes] Something about needing to move beyond the cheap shop tired rhetoric.

Productivity and taxes - I think you're right, reducing tax rates generally decreases productivity because you don't have to produce so much to satisfy your local needs. Government helps with global needs.

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Thanks, eds. It takes me an hour to get home from Bozeman. I not only have read Shock Doctrine when it first came out, but I've given over 10 copies away. I was going to bring up "The Shock Doctrine" to Stephen, especially the chapter on South Africa. Politically they got their freedom, but they gave up control of the banking system. They have regretted it ever since. The did not get land reform which was the #1 item. The white guys still controlled the money supply.

"Unjust Deserts" is a great read. I really recommend it.

Give Steven another look. Go to the website. I like his passion for fixing our human infrastructure. And read his bio. U of Chicago and then working in the financial sector.

Thanks for listening. We try. But both Dave and I have very full time jobs, so we try to read as much as we can and prepare. It's hard because we don't screen calls and don't know who will ask what. Compared to other shows, the wait time is minimal, but I'll try to get them on quicker.

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I already went to monetary.com but the site seemed chaotic and mostly old junk. One sentence which looked like it would lead to background info was not a link.

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monetary.org actually

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"Unjust Deserts is an elegant work of moral philosophy, a reflection on science, technology, cumulative causation and the collective character of the common wealth. It is work with deep implications for structures of pay, ownership and taxation, perfectly timed for the end of the grab-what-you-can era."

-James K. Galbraith [from some review site]

Well, maybe I will see a copy soon.

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Yes, bank produce the vast majority of money in the money supply of our nation. It's the fractional reserve system. For every $1,000 of money put into the banking system by the owners of a bank, there is approximately, through a multiplier effect, $100,000 added to the money supply. This is not money created by the federal reserve. That is the system we have and it is not sustainable.

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That is the commone misconception I would argue against, mj.

I understand fractional reserve banking - it means that banks have to keep on hand only a fraction of the deposits they take in. Nothing magical about it, no money creation at all involved. The Fed is the only creator of money.

You can challenge how useful money is, how "hard it works". A bank which keeps 20% is not making money work as hard as one which keeps 10%. But there isn't twice as much money in the latter case. Rather, there is half as much sitting in the bank, and 10% more of all the money involved in circulation. If the bank only kept 1% in the bank, 99% of the money would be in circulation, but that doesn't mean the bank created the money, because the money came from depositors.


Did you mean something else?

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OMG! I am a famous chicken!

=D

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Were you on the show, bird?

Surely DKC knows better than to risk that..... ;-)

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I was going to mention your user name, but didn't know how to pronounce it. I will next week. How should I say it?

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awwwwww, you don't have to. It's pretty much the way it's spelled, bwaaak fat. But most people here just refer to me as the chicken.

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Are you going to put up another blog next Saturday? I liked your show a lot, although Mr. Zarlenga had so much to say, and I could tell that it was hard to go to the callers questions. Dang those interesting guests! The callers didn't seem overly "rightie" to me, FWIW. All in all, nicely done. I liked that you had multiple hosts, like the Young Turks.

I'll tune in next Saturday, for sure.

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Thanks, everybody. Maybe the folks at TPM could help us each week come up with news items that got away from the Fat Cat News. Thanks again.

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I lived in Bozeman for a year, MSU. Galatin is beautiful. I recently reread Zen and the Art of Motorcycle Maintenance. Brought back so many good memories.

I will try to catch show.

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DKC/Feral Cat

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  • Favorite Blogs Working Life, Unclaimed Territory, Beat the Press,
  • Favorite Books The Shock Doctrine, Democracy Inc., The Predator State,Democracy's Edge, Nixonland, The People's History of the United States,Alice Waters & Chez Panesse, Pride and Prejudice,

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Movie agent, cattle rancher and only liberal talk radio co-host in Montana. Has interviewed Dean Baker, Glen Ford, Sam Pizzigati, Ari Berman, Charlie Derber, Steve Kinzer, Francis Moore Lappe, and many more every Saturday. Podcasts and other essays at montanamaven.com.

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