In this episode of Two Beers With Steve I speak one on one with Prof. George Selgin, Professor of Economics at the University of Georgia's Terry School of Business.

We begin our discussion with definitions of what is money and what constitutes money before we begin exploring George Selgin's theory of Free Banking. Free Banking, in a quick one sentence description, is a completely deregulated banking system, free of a central bank and the FDIC, where private banks make loans and issue their own money.

In this interview Prof. Selgin describes the problems of our current system and offers a possible solution, the Free Banking system. It is becoming increasingly obvious to me, Steve, that the Federal Reserve is not the answer to the problem, but that it is the problem.

More about Prof. George Selgin

Good Money Book by George Selgin. Good Money tells the fascinating story of British manufacturers' challenge to the Crown's monopoly on coinage

In this episode we talk with author Ellen H. Brown, author of Web of Debt, about the creation of money, public banking, and naked short selling.

Upcoming guests for Two Beers With Steve are:

Richard Heinberg - Author of nine books including The Party's Over, Peak Everything and the newly released Blackout

George Selgin - University of Georgia Proffesor of Economics and authro fo the book The Theory of Free Banking

Also we will speak with the Producer of the Money Masters film w/ Bill Still.

As always you can subscribe to get automatic downloads of the show as soon as they are available.

Thanks

Show Notes

Money as Debt

Naked Short Selling

Exponential Growth

In Episode 20 - Investing for uncertainty I outline the approach that I (Steve) will be taking to navigate the near future. I am not a speculator but with interest rates on certificates of deposit near zero and the dollar in jeopardy I've moved into more non-traditional markets.

This podcast has a slow start because I go from reading 'Goodnight Moon' and Thomas and the Big Big Bridge' to walking into my office and recording 'Two Beers With Steve'. Enjoy.

For those that are concerned I have moved my personal financial files to a thumb drive and I lock that thumb drive in a firesafe, I will move it to the safety deposit box next time I make the run.

Links

The Book Rick discussed

We re-visit an earlier episode (Episode 12), which was an episode where the regular roundtable made observations on the current healthcare. This time around we invited a doctor, Dr. Christopher Peters, and a hospital Chief Financial Officer (CFO), Bill Patterson, to give us an insiders perspective to the healthcare discussion going on in towns across America.

Although this is a departure from our normal financial, economic, and monetary topics we discuss I felt it was important to re-visit this topic for a number of reasons. Many of the reasons are brought up in the show but mainly my reasoning is to learn more about the issue. The more we learn the less we are influenced by political rhetoric and the easier it will be to come to clear conclusions.

Thank you for listening.

Questions, Comments, email me at

[email protected]

You can subscribe to the show through Itunes

I'm very excited about presenting this interview with Leo Kolivakis due to the fact that Pensions are for the most part largely ignored by all media sources, even by the best financial blogs out there.

Pensions not only pose a systemic risk financially but as Leo explains they pose a major deflationary risk. Luckily, I get to edit these podcasts so I get to hear a second listen and I would suggest re-listening to the last thirty minutes a second time.

Websites mentioned.

http://pensionpulse.blogspot.com/

http://www.nakedcapitalism.com/

http://www.zerohedge.com/

http://www.pensiontsunami.com/

After the formal interview concludes we twist the caps off of a few more and have a casual conversation with Nathan about investing for an uncertain future and inflation vs. deflation.

To check out Nathans blog check out

http://economicedge.blogspot.com/

Please don't forget to submit 3-5 minute audio clips for an upcoming podcast made up of nothing but listeners submissions. Please be a part of this groundbreaking episode!

We titled this episode we talk with Nathan Martin of the website 'Nathans Economic Edge', one of the many excellent blogs on the internet trumpeting the problems in our financial system and how the problems still persist despite all the government intervention.

During our one hour talk we try to look back on the events that led us down the road to our national insolvency. We also explored many of the problems that still exist and will exist unless something... 'happens'. It was an excellent conversation with Nathan and we look forward to talking with again in the future.

We will be releasing an 'Afterhours' portion of this podcast whenever i get around to editing it. Also, I am looking for listeners to submit 3-5 minute audio MP3 files in which they talk about an issue that would be of interest to our listeners. Thank you,

Steve

In our first 'Afterhours' Edition of Two Beers With Steve we let the recorder run while we finished out our six packs before heading off to bed at night. Usually, after we wrap up the show we all stick around because nobody wants to go home and we have some of our best discussions and unfortunately I haven't been taping them, but from now on I will (if there is alot of interest). Let us know what you think.

Email me at [email protected]

or [email protected]

In Episode 16 we talk with Jules Dervaes of the Path to Freedom webiste. http://www.pathtofreedom.com/ . Our discussion ranged from how Monsanto has gained control of Mother Natures seeds and have exploited them for profit, to discussions on self-sustainability and what Jules is doing in his own life to be self-dependent.

Other websites to visit that were mentioned in the podcast 

http://www.youtube.com/watch?v=mCPEBM5ol0Q

http://www.freedomseeds.org/

http://www.freedomgardens.org/

http://www.homegrownrevolution.com/

http://www.peddlerswagon.com/

You can subscribe to the Two Beers with Steve podcast through  Itunes using this link

http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=315666764

Daniel from the VisionVictory returns to our show for Episode 15. In this episode we discuss the flaws of the fundmentals being reported through Main Stream Media sources... and why they trumpet these flawed numbers.

Click below to link directly into Itunes for download, you can also subscribe through this link.

http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=315666764