I’m probably dating myself by
engaging in this perception after the fact, but I really miss the independent
bakeries, dairies, butcher shops, and the individuality each one represented.
Entrepreneurs' Circle Contributor; currency
expert, Andrew Gause; writer & speaker on the history and future of money,
the U.S. banking system, and the U.S. monetary system. Editor of The World of
Money newsletter.
We've heard about Illinois with the $12 billion deficit which
is right behind California in the $19 billion shortfall in their annual
budgets. These states are not alone in their fiscal misery. Bloomberg reports
that 46 state governments are facing "Greek style deficits".
Painful cost-cutting measures facing governors across the
country include terminating welfare for millions of poor families, cutting
salaries of state workers, the possible termination of other state
services.
This will include...
School districts firing thousands of teachers.
Public colleges and universities struggling to operate. Legislators making
no pretense of promising to pay these bills to. Instead they authorize colleges
to borrow against the expected state payments.
My guest says "the real solution to the insolvency issue
would be for each state to create its own state bank, and use its existing cash
and taxing authority to issue its own currency".
Stay tuned...
Join Barbra Alexander & Andrew
Gause
on the next MoneyDots™
Saturday, Aug. 28th at 8:00 AM (PST)
on Newstalk KION 1460 AM
or live streaming at
1460kion.com
An interview with: Peter Miller, senior editor-National
Geographic, has spent years investigating what the collective intelligence of
swarms, flocks, herds, and schools can teach us about our own network system
and business hierarchies. Author - The Smart Swarm: How Understanding
Flocks, Schools, And Colonies Can Make Us Better at Communicating,
Decision-Making And Getting Things Done.
