Ellen Brown’s Presentation: “How California Can Create Its Own Credit: OWN A BANK!”

How California Can Create Its Own Credit: OWN A BANK!
Ellen BrownMarketplace • December 9, 2010

Ellen Brown discussed how California could create its own bank and have it up and running in a matter of months, in a presentation given at the Civic Center in San Rafael, CA, on December 9, 2010.

Read Ellen Brown’s (.pdf) presentation here.

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5 Responses

  1. http://uspimpclub.blogspot.com Americans Frustrated The Next Phase Of : 2011 Economic Collapse
    “If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” – Thomas Jefferson 1816

  2. I love pictures!! I, myself, find it difficult to clearly explain the way the banking system works to people. The quotes from the founders are helpful(provided they are genuine). I wonder how you make the state bank system compatible with the “no more national debt” system of controlling the money supply.

    • The nation needn’t go into debt because it can issue the national currency. States can’t and therefore must borrow; but if they borrow from their own state-owned banks, it will be interest free, and they can create new money in the form of bank credit to generate future infrastructure projects, to be repaid from the proceeds of the project, keeping the system is sustainable.

  3. Ellen, I agree 200% with you about a State Bank for California. How close have you gotten to people in high places who might be able to move the idea into reality? The portending state bankruptcy is pure lunacy when there is an out-of-the-box solution to thwart the piracy of the state.

  4. the Jerry Brown impeachment movement – now forming
    John Vale

    It doesn’t take a rocket scientist to for see what the Jerry Brown plan will be. (scare tactics)
    He will threaten to cut police& fire service. lay off teachers and close hospitals.
    then he will wait for public out cry(more like union out cry)
    and then he will go about raising taxes to funs the Democratic
    Pork Barrel Projects they desire.
    this is one of the oldest tricks on the books. But the voters of this state where STUPID ENOUGH to
    vote out the 2/3 thirds Majority so taxes will be going Way up no matter what.
    the end result….Higher taxes…more businesses leaving the state. a lower standards of living for all.

    just look what he did to Oakland

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