Monday, September 7, 2009

Critical Thinking Club of Saint Paul - Money As Debt - Sept 13

Here is the latest details on the next meeting of the Critical Thinking Club, St. Paul:

Location: Kelly Inn, Rice Street and I-94

Date: September 13, 2009

Time: 10:00 a.m. to Noon

Presenter: George Paulos

Topic: Money As Debt

Breakfast Buffet $10.00 Coffee only $3.00. We need to plan for the room setup and meal, so if you are going to attend, please RSVP to

We are all utterly dependent upon the monetary system. People expend their working years accumulating money as a form of wealth, but almost nobody understands the nature of the money that they work so hard to obtain. What is money? What is the US dollar? It is not what you think! Even the “profession” of economics is in denial about the truth of our modern monetary system. The recent convulsions in the banking and finance make these questions timely. Congress and the President are engaged in an historic rescue of an out-of-control financial crisis. Unfortunately, they seem to be clueless about the real nature of the system that they are responsible to maintain.

Economics “junkie” George Paulos will present an objective overview of our modern debt-based monetary system along with its characteristics and consequences. Should the current system be abolished? Should the Federal Reserve be replaced? We will discuss these issues and investigate the alternatives.

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