The Linchpin Tipping Point to Reverse Centuries of Top Down, 1% Power and Privatization? PUBLIC BANKING!

Rob Kall • http://www.opednews.com • December 6, 2012

Tonight I went to a local meeting of the Public Banking Institute with Ellen Brown as the featured speaker. First, I joined the local organizers of the meeting, Brown and the director of the institute, Mark Armstrong.

The lecture and the conversations before and after really helped me connect some dots that tie together single payer health care, Naomi Klein’s Shock doctrine, tea partiers, bankrupt cities, global bankers like the Rothschilds, the class war and the war of the top-down powers against the bottom up revolution.

First, some notes from Ellen Brown’s lecture:

A -public bank is not for the public- it’s created to serve in the public interest– but is a bank for bankers, not the public– no front offices, no advertising, no big staffs.

There’s only one state with a public bank– North Dakota– and it is the state that has done better than every other state in terms of making budget and low unemployment.

Public banks serve governments– cities, counties, municipalities, states and in other parts of the world, whole countries. They serve them by making interest-free loans to them and by earning far greater interest on money they have. And they have a lot of money– government employee pension funds, rainy day funds” which ordinarily earn a tiny amount compared to what they would earn if a bank was using them to earn interest.

Mike Krauss, chairman of the Pennsylvania Public Banking project told the group, “Our thrust is to decentralize credit and decentralize wealth holding– a decentralization of wealth will create a decentralization of political power.”

Read the entire article here.

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Ellen Brown’s debt-reduction coin solution makes it to the Washington Post: Could two platinum coins solve the debt-ceiling crisis?

Brad Plumer • http://www.washingtonpost.com • December 7, 2012

If President Obama wants to avoid an economic calamity next year, he could always show up at a press conference bearing two shiny platinum coins, worth… $1 trillion apiece.

A mere $100? Pshaw. Try $1 trillion. (Associated Press)

Okay, that sounds utterly insane. But ever since last year, some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory….

Read the entire article here.

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Ensuring Scottish Sovereignty: Exploring the Public Bank Option

Ellen Brown • http://www.truthdig.com • December 7, 2012

The Royal Bank of Scotland (RBS) and the Bank of Scotland have been pillars of Scotland’s economy and culture for over three centuries. So when the RBS was nationalized by the London-based UK government following the 2008 banking crisis, and the Bank of Scotland was acquired by the London-based Lloyds Bank, it came as a shock to the Scots. They no longer owned their oldest and most venerable banks.

Another surprise turn of events was the triumph of the Scottish National Party (SNP) in the 2011 Scottish parliamentary election. Scotland is still part of the United Kingdom, but it has had its own parliament since 1999, similar to U.S. states. The SNP has rallied around the call for independence from the UK since its founding in 1934, but it was a minority party until the 2011 victory, which gave it an overall majority in the Scottish Parliament.

Scottish independence is now on the table. A bill has been introduced to the Scottish Parliament with the intention of holding a referendum on the issue in 2014.

Read the entire article here.

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