The Design For A New Monetary System .
The sovereign currency (SCurrency) is the NOTHING the social group gets for SOMETHING in order to exchange for ANYTHING. As Frederick Soddy stated “The ‘Role Of Money’ is the NOTHING you get for SOMETHING in order to exchange for ANYTHING.”
This sovereign group (SGroup) shall have a Central Bank that shall control the
quality and quantity of that SCurrency in its operation of regulating the flow of exchanges.
The SGroup as individuals are the One and Only true owners of the entirety of the SOMETHING that is given up.
There must be One and Only One Central Bank that can issue, ‘print’, the fiat representing “the physical representation of the SG’s NOTHING. All else shall be considered counterfeit.
Neither the Central Bank nor the Sovereign Government owns any portion of the rights to exchange this sovereign currency without proper appropriation.
The government and the Central Bank work FOR the People to facilitate legal and lawful exchanges.
Please note: 100% of the SGroup owns 100% of the Sovereign FIAT, *even* if it is gold; not the government, rather the people own “the money”.
When SCurrency is issued anyone IT MUST come back to its owner unless that owner has given its right to exchange to the new owner. Otherwise it would be considered ‘theft’.
The Central Bank must issue SCurrency in order to facilitate transactions; however if it does not have a true completed transaction, an exchange of NOTHING for ANYTHING then it MUST attach a way and means to that issuance that will guarantee its returned to the Central Bank so that the issuance can be
returned to its rightful owner. The Central Bank may “temporally” use SCurrency issuance in order to create revenue …” to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”” at the same time reduce personal income taxes to zero , while maintaining control of the quality and quantity of its currency? Great News!!Zero Income Taxes Solves Worldwide Economic Crises ! The answer lies in how the most powerful force in the universe is used. “The most powerful force in the universe is compounding, and in economics;that is compound interest.”
then prove it to be false,
Why would you not want prosperity for you and your children?
Read: “The Role Of Money” Frederick Soddy.
Get Bernanke to DO FOR US instead of TO US. Modern International Financial and Monetary Systems Reformation. 2013
Modern International Financial and Monetary Systems Reformation. 2013.
A new vision is needed of wealth and equality, its existence and how it is administered.
Excerpts from: “Pontifical Council for Justice and Peace”.
Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.)
‘ ***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha’‘”)
Pontifical Council, “…“(T)he trajectories of the Church’s close relation with the world. These trajectories intersect in the profound value of human dignity and the quest for the common good, which make people responsible and free to act according to their highest aspirations. The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence. What is more, the crisis engages private actors and competent public authorities on the national, regional and international level in serious reflection on both causes and solutions of a political, economic and technical nature. In this perspective,…the crisis “obliges us to re-plan our journey, to set ourselves new rules and to discover new forms of commitment, to build on positive experiences and to reject negative ones. The crisis thus becomes an opportunity for discernment, in which to shape a new vision for the future. In this spirit, with confidence rather than resignation, it is appropriate to address the difficulties of the present time.” The G20 leaders themselves said in the Statement they adopted in Pittsburgh in 2009: “The economic crisis demonstrates the importance of ushering in a new era of sustainable global economic activity grounded in responsibility.”
It is time to be united as Monetary Sovereign Nations that has as a social goal , “to form a more perfect union along with acting for the benefit of all mankind. While sharing the redistribution of wealth of these nations while at the service “… of the good of each and every one will necessarily be super partes (impartial): that is, above any partial vision or particular good, in view of achieving the common good. Its decisions should not be the result of the more developed countries’ excessive power over the weaker countries. Instead, they should be made in the interest of all, not only to the advantage of some groups, whether they are formed by private lobbies or national governments…. and no longer for the development of one group to the detriment of another group.
Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism would be the best ways and means to help “form a more perfect union….”
As stated in http://rwer.wordpress.com/2013/04/04/and-the-ecb/, (And the ECB?)
The ECB may have described where we went wrong working with our Fed; thereby giving us the opportunity to fix our “flaw”.Perhaps, the ECB has shown that the USA has taken the wrong path to prosperity because the Fed has allowed some one else to issue our liabilities and done so not for the common good.
Quote,” The ECB remains stuck in a totally outdated and rigid view of money, like the supporters of the gold standard, as it refuses to grasp that, in our current context of deflation/disinflation, losses on its capital have no significance, quite the contrary. It can even operate with negative capital, given that it is the sole issuer of its own liabilities, and create as many euros as it sees fit.
The US Fed has understood this truth for quite some time, given its inclusion in bylaws of a rule allowing it to delay indefinitely, without any need for recapitalization, any loss posted on its investment portfolio by assigning to them to future seigniorage revenue (MG).”THE TIPPING POINT: “… It can even operate with negative capital, given that it is the sole issuer of its own liabilities…”
The Fed must become a Central Bank Working For The People (CBWFTP) instead of working for the Private For Profit Banks (PFPB) and MUST take away from any other entity
the ability to issue sovereign currency which based upon todays rules is ” a CB liability”.
Why would you not want betterment of the common good?
Why not challenge, improve, endorse;
” A Central Bank Working For The People (CBWFTP)
instead of for Private For Profit Banks (PFPB).”
When will the people of Italy ( Read, Greece, Spain, any Sovereignty ) realize they have a Central Bank that does not work for their people, in fact it works to make profits for the top 1% of the people in the world.
Italy (Read…Greece, Spain, any Sovereignty), you can take back your right to prosperity. Create the Central Bank Of Italy, (Greece, Spain, any Sovereignty) and your Central Bank with an account showing 2 trillion “NEW LIRA”, that being todays wealth of the Italian peoples goods and services as of this date. All monetary transactions shall be recorded in “NEW LIRA”. All balances shall be equal in number and converted to “NEW LIRA”. All receipts in an equal denomination of “NEW LIRA” for each Euro. The balance of all debt will be fixed on this date , set with a specific redemption plan.(E.g., 72 or 96 equal monthly payments) The debt will no longer accrue interest.
Who would not accept this nation as not having a wealth of all that is Italian as not being at least 2 trillion,”NEW LIRA”? As for those who would be that stupid, not to accept that capitalization, please allow them to accept default.It is not the cost of government but the cost of money itself that has bankrupted the nations.If any country wishes to free itself from the shackles of debt and restore the prosperity it once had, it will need to take back its monetary sovereignty and issue its own money, either directly or through its own nationalized central bank.(This is the solution for any sovereignty).
For any nation to be a Monetary Sovereignty….
.. it must be the sole creator of its sovereign currency.
…it must have the ways and means to control its sovereign currency for quality and quantity.
…it must under modern money systems be fiat since its money is transferable “thru thin air”.
…it must understand that it is the guardian of the value of the currency , if it wishes to be capitalistic; otherwise that nation will be totalitarian. As a guardian (recording and exchanging) it does not own the value of the currency it creates.
…it must use that currency knowing that it must also return it back to the community (the rightful owners).
…all transactions using sovereign currency must be “REAL”, meaning backed by 100% of issued sovereign currency.In order to prevent “systemic failure” it must make available the currency as loans at a fixed rate and duration in amounts deemed necessary to allow the private banking system to be solvent.
Based upon an opinion by “Justaluckyfool” of the concepts of Noble Laureate Frederick Soddy, “The Role Of Money” (1926,1933)
*****The Switch Game;USA
*WHAT IF THE …The Fed Reserve were to become the CENTRAL BANK WORKING FOR THE PEOPLE (CBWFTP) instead of working for the Private For Profit Banks (PFPB) .
The government can not win against ‘compound interest’ on debt for that can be infinite in amount. IF ‘compound interest were eliminated then there would be no “systemic failure”. Or better yet; take that most powerful weapon, use it for the people .
Let’s try this game: Substitute the words “Central Bank Working For The People” (CBWFTP) where ever” Private For Profit Banks” (PFPB) appears.
****PFPB (read CBWFTP) have $100 trillion in assets as mortgages on residential and commercial real property (RE) loans. The average compound interest rate is 4% for a term of 36 years. The PFPB (read CBWFTP) would have created that $100 trillion ‘out of thin air’ which would have an attachment that would require $400 trillion to be paid to the PFPB (read CBWFTP). YES, take away the smoke and mirrors, this is a fact-the Rule of 72. Now we must replace (reduce to zero ) the Horizontal Money by subtracting $100 trillion leaving a profit,income,taxation from ‘somewhere else’ of $300 trillion. This amount goes as profits to the PFPB.(read CBWFTP) Revenue they may use for their own selfish purposes. That’s not the bad news-what the bad news is :That $300 trillion is real money, real currency, sucked up by the PFPB, (CBWFTP).
NOW DARE YOU ;
READ IT AGAIN,
BUT THIS TIME REPLACE “PFPB” WITH “CBWFTP”.
Why would you not want prosperity for yourselves and your children?
Why would you not want $300 trillion
THAT MUST BE PLACED BACK INTO THE ECONOMY IN ORDER TO PREVENT DEFLATION !
Share: “You are always welcome to share, copy, plagiarize, improve, etc..“
When Bernanke decided to buy MBSs is the same as “when we the people gave the power to print money to the banks.
We sold our soul to the devil. We have given them the legal right to print all the money they want without constraint because if they print ‘too much’ the Fed MUST make it good or else (they call it ‘systemic failure’). Now if the Fed were to discontinue MBS purchases, what then, ‘market failure’ ?
Rates go up, MBSs go down but at least no systemic failure for as soon as that happens the Feds can conplete their bailout by buying all the MBSs and having a bondfire (burning the worthless paper while at the same time making the banks solvent: something they can’t be while they are “backing’ (their big mistake) the MBSs they printed. Not to worry, Uncle has your back.
We sold our soul to the financial devil and there is no satifying his GREED. “Justaluckyfool”
Bob Lenzner shared a link.
Carmen Basilovecchio shared a link.
a/k/a “Justaluckyfool” MY PLEA: As with any idea-Challenge it or Indurse it.(M. Yunus)
“Taxes can be reduced or even eliminated if we create The Citizen’s United Financial Institution, which profits can cover the cost of running state and local governments.
The ultimate goal of a zero-cost economy is to create a semi cost-free and a carefree economy—Carefreeism, defined as economic security in a carefree economy….
Carefreeism serves the general economic interest of all groups of people, from improvised to the superrich, without being politically tainted by any political party. It is environmentally compatible as well as universally applicable concept. Therefore, the main goal of a conscious and responsible government, whether local, state or federal, should be to follow the concept of a Zero-Cost Economy, immediately and rigorously, if the human race ultimately is to enjoy general economic security and prosperity in peace.”
Quote Justaluckyfool, “Perhaps as Einstein said, ‘Make it simple’ “.
WHERE we went wrong: Allowing private institutions to “print” our money ,which then allows them to charge compound interest on that potential money. THEREBY MAKING PRIVATE FINANCIAL INSTITUTIONS MORE POWERFUL THAN THE SOVEREIGN NATION. If it were possible to sum up the single greatest flaw to capitalism ,it would be :It allows for the “most powerful force in the universe”… to quote Einstein,” compounding ” interest, to be used against that society.The lender becomes the owner of all the money based upon the act of compounding at any rate within a long period of time. A cycle that commands total money control or it must bust. When will we learn and believe that a private bank is allowed to print new money and it may at will dispose of its constraints!
(1). AMEND THE FEDERAL RESERVE CHARTER; TURN THE FED RESERVE INTO THE Central Bank that works FOR, BY, Of the people; no longer have a Central Bank that wotrks FOR THE Private For Profit Banks.
RESTORE MONETARY POWER BACK TO THE PEOPLE ,OPERATE THE FRB WITH ABSOLUTE TRANSPARENCY, (“GLINDA,the Good Witch, owns a Great Book of Records that allows her to track everything that goes on in the world from the instant it happens.”_The Road to Oz)
ESTABLISH THE FRB AS THE ONLY MEANS FOR CURRENCY SUPPLY.
Private for profit banks will have to be self-insured. Risk 100% their own investors money for 100% reward.
(2) The Federal Reserve Bank of America: -Will no longer allow the paying of interest for the use of its own money,rather it will charge interest for the use of its money.. Will take away from others the right to “print” our own currency. Will stop the stupid practice of paying interest on our own money. Will wake up and realize that “There is only one fair Income Tax,period; only zero is fair. -Will not take deposits from anyone other than for the US Treasury.
“Justaluckyfool”,: http://bit.ly/MlQWNs ;
Read what Steve Keen has to say about “credit expansion, von Mises as to what the result of credit expansion could be, William Black has to say about banks and Michael Hudson about compound interest (excerpts are in the article). An explanation of where we went wrong with a solution to how we can fix it. Challenge it. Improve it. “ ***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC), Hindu Prince, founder of Buddhism.
“A Capital Requirement, No Derivative To Skirt It.”
“* 100% capital requirement based upon currency (money) that has been created by the designated single source allowed by the Monetary Sovereignty, its own central bank.
* All private for profit banks are to be held accountable to civil and criminal law.
* Any money used that is not issued by the Central Bank shall be deemed counterfeit.
* Any money used that is owned by another party must show transfer of rights to redemption
from that owner in order for another enty to use it, regardless of temporary or permanent.
* All assets must be recorded or they shall be deemed as ‘fraudulent’ .
It is simple, all that is need is a Central Bank Working For The People (CBWFTP) instead of today’s system
that is a Central Bank working for the Private For Profit Banks (PFPB).
This would allow for NO bank to be TBTF, since all loses can be paid and all winnings can be collected.
No inflation; the money can’t be spent more than one time.
No bubbles; the money can not be leveraged.
And the great news would be;”Allowing PFPB (private for profit banks to borrow from the only supplier of the currency, could result in “
Please ask 300 million Americans, one simple question:.
IF the Central Bank were to lend to the PFPB the $100 trillion needed to make them solvent, 100% capitalized,
at a rate of 2% for 36 years, is it not true that would result in an revenue income of $200 trillion over the next 36 years. But who would want $5.5 trillion a year for federal spending “…by lowering taxes…(and) get the money from somewhere else.”
I dare you. I dare OWS.
Isn’t this just a simple explanation of what “Minsky, Keynes, Desoto, Soddy, and many others call for as “separation of PFPB from government?
by Ellen Brown
On July 1, interest rates will double for millions of students – from 3.4% to 6.8% – unless Congress acts; and the legislative fixes on the table are largely just compromises. Only one proposal promises real relief – Sen. Elizabeth Warren’s “Bank on Students Loan Fairness Act.” This bill has been dismissed out of hand as “shameless populist demagoguery” and “a cheap political gimmick,” but is it? Or could Warren’s outside-the-box bill represent the sort of game-changing thinking sorely needed to turn the economy around?
Warren and her co-sponsor John Tierney propose that students be allowed to borrow directly from the government at the same rate that banks get from the Federal Reserve — 0.75 percent. They argue:
Some people say that we can’t afford low interest rates for students. But the federal government offers far lower rates on loans every single day — they just don’t do it for everyone. Right now, a bank can get a loan through the Federal Reserve discount window at a rate of less than one percent. The same big banks that destroyed millions of jobs and broke our economy can borrow at about 0.75 percent, while our students will be paying nine times as much as of July 1.
This is not fair. And it’s not necessary, either. The federal government makes 36 cents on every dollar it lends to students. Just last week, the Congressional Budget Office announced that the government will make $51 billion on the student loans it issued this year — more than the annual profit of any Fortune 500 company, and about five times Google’s yearly earnings. We should not be profiting from students who are drowning in debt while we are giving great deals to big banks.
The archly critical Brookings Institute says the bill “confuses market interest rates on long-term loans (such as the 10-year Treasury rate) with the Federal Reserve’s Discount Window (used to make short-term loans to banks), and does not reflect the administrative costs and default risk that increase the costs of the federal student loan program.”
Those criticisms would be valid if the provider of funds were either a private bank or the American taxpayer; but in this case, it is the U.S. Federal Reserve. Warren and Tierney assert, “For one year, the Federal Reserve would make funds available to the Department of Education to make these loans to our students.” For the Fed, completely different banking rules apply. As “lender of last resort,” it can expand its balance sheet by buying all the assets it likes. The Fed bought over $1 trillion in “toxic” mortgage-backed securities in QE 1, and reportedly turned a profit on them. It could just as easily buy $1 trillion in student debt and refinance it at 0.75%.
Which Is a Better Investment, Banks or Students?
Students are considered risky investments because they don’t own valuable assets against which the debt can be collected. But this argument overlooks the fact that these young trainees are assets themselves. They represent an investment in “human capital” that can pay for itself many times over, if properly supported and developed. This was demonstrated in the 1940s with the G.I. Bill, which provided free technical training and educational support for nearly 16 million returning servicemen, along with government-subsidized loans and unemployment benefits. The outlay not only paid for itself but returned a substantial profit to the government and significant stimulus to the economy. It made higher education accessible to all and created a nation of homeowners, new technology, new products, and new companies, with the Veterans Administration guaranteeing an estimated 53,000 business loans. Economists have determined that for every 1944 dollar invested, the country received approximately $7 in return, through increased economic productivity, consumer spending, and tax revenues.
Similarly in the 1930s and 1940s, the Reconstruction Finance Corporation funded the New Deal and World War II and wound up turning a profit, without drawing on taxpayer funds. It’s an initial capitalization was only $500 million; yet the RFC eventually lent out $50 billion – the equivalent of about $500 billion today. It raised money by issuing debentures, a form of bond. It got all of this money back, made a profit for the government, and left a legacy of roads, bridges, dams, post offices, universities, electrical power, mortgages, farms, and much more that the country did not have before.
In 1944, President Franklin Roosevelt proposed an Economic Bill of Rights, in which higher education would be provided by the government for free; and in the progressive 1960s, tuition actually was free or nearly free at state universities. Some countries provide nearly-free higher education today. In Norway, Denmark, France and Sweden, the cost of college is less than 3% of median income, as compared to 51% in the U.S.
Other countries make loans available to their students interest-free. For more than twenty years, the Australian government has successfully funded students by giving out what are in effect interest-free loans. They are “contingent loans,” which are repaid only if and when the borrower’s income reaches a certain level. New Zealand also offers 0 percent interest loans to New Zealand students, with repayment to be made from their incomes after they graduate.
Banks Are Good Credit Risks Only Because They Are Backed by the Government
In a National Review article titled “Warren’s Student-loan Demagoguery,” Ian Tuttle argues that the discount window should not be available to students because the Fed defines that resource as “an instrument of monetary policy that allows eligible institutions to borrow money, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions,” and because the discount window is “an emergency measure used to prevent runs on banks.”
It may be true that the Fed’s discount window is open only to banks, but the Federal Reserve Pact was passed by Congress and can be modified by Congress. The reasoning behind the policy needs to be re-examined.
The question is, why do banks routinely have “shortages of liquidity”? What does that mean? It means they have lent out depositor funds that don’t properly belong to them, gambling that they will be able to replace the money before the depositors demand it back. The banks have a binding commitment to return customer money “on demand.” They can make good on that commitment because, and only because, the Fed and the FDIC back them up in a massive shell game, in which they borrow from each other or the Fed overnight – just long enough to make their books appear to balance – and then give the money back the next day. Banks are good credit risks only because they have the backstop of the Fed and the government behind them. Without those guarantees, we would be back to the cycle of endless bank runs of the 19th and early 20th centuries.
“Our students are just as important to our recovery,” says Warren, “as our banks.” What if students, too, were backed by the government’s guarantee? What if, as in Australia and New Zealand, students were not required to repay the investment in human capital represented by their educations until the economy provided them with jobs? What if the government made it a policy to provide them with jobs? This too has been done before, quite successfully. It was part of Roosevelt’s New Deal. As detailed by Prof. Randall Wray, citing N. Taylor’s The Enduring Legacy of the WPA:
The New Deal jobs programs employed 13 million people; the WPA was the biggest program, employing 8.5 million, lasting 8 years and spending about $10.5 billion. It took a broken country and in many important respects helped to not only revive it, but to bring it into the 20th century. The WPA built 650,000 miles of roads, 78,000 bridges, 125,000 civilian and military buildings, 700 miles of airport runways; it fed 900 million hot lunches to kids, operated 1500 nursery schools, gave concerts before audiences of 150 million, and created 475,000 works of art. It transformed and modernized America.
In the 1930s, the government was in a worse financial position to achieve all this than it is now; but the commitment and the will were there, and the means were found. In World War II, the means were found again. The government always seems to be able to find the means to fund a war. We can just as easily find the means to fund our economic recovery. And if the funding comes from the Federal Reserve, the government need not be propelled into a mounting debt owed at mounting interest. The funds can be provided interest-free; and because they represent an investment in productive capital, the debt itself can be repaid with the fruits of the investment – the jobs that create the salaries that generate taxes and consumer demand.
The default rate on student loans is close to 10% today because there are no jobs available to repay the loans, and because the interest rate is so high that the debt is doubled or tripled over the life of the loan. Give students loans and jobs, and the default problem will cure itself.
Investing in our young people has worked before and can work again; and if Congress orders the Fed to fund this investment in our collective futures by “quantitative easing,” it need cost the taxpayers nothing at all. The Japanese have finally seen the light and are using their QE tool as economic stimulus rather than just to keep their banks afloat, and we need to do the same.
Ellen Brown is an attorney, chairman of the Public Banking Institute and author of twelve books, including Web of Debt and the just-released sequel, The Public Bank Solution. Her websites are webofdebt.com and publicbanksolution.com.
Filed under: Ellen Brown Articles/Commentary
Elizabeth Warren’s QE for Students: Populist Demagoguery or Economic Breakthrough?, on June 14, 2013 at 6:59 am said:
[…] This piece first appeared at Web of Debt. […]00Rate This
Elizabeth Warren’s QE for Students: Populist Demagoguery or Economic Breakthrough? | Thought FTW, on June 14, 2013 at 7:03 am said:
[…] This piece first appeared at Web of Debt. […]01Rate This
Public banking sounds all well and good until you start asking the logical follow-up questions, like: “Who elects the public bankers?”
State ownership sounds great until you ask: “Who owns the State?”
All indications right now point to a state and federal political machine that is entirely manipulated and controlled by global corporations through its central banks’ monetary control over the news media, the two-party electoral system, education, and the various governments of what we call the Western World.
Are you suggesting we turn over direct ownership of our local banks to this same cartel? Or am I missing something?
It seems to me that we’re getting the cart before the horse. I think we should be more concerned with gaining public ownership of the States.41Rate This
Matthew Sparks, on June 14, 2013 at 10:24 am said:
I do believe you are missing something. A Government Sponsored Entity can be created say for housing that offers low interest loans. The money involved in this GSE would circulate on a profit sharing model, that spends money only on housing. Costs, administration, loan servicing, and what have you, could be handled at local, state, regional, or federal levels, or put out to bid.
The GSE/Bank would be federally backed and owned by the taxpayer, and no multi-national corporation, or any private entity for that matter, need be involved unless they won a bid to do a job for the taxpayer owned Bank, say servicing loans where they could tack on .25% as their share of the profits.
By isolating GSE banks to area’s of expertise/need and mandating a profit-sharing business model taxpayers could cover basic public works with more transparency, as well as getting more bang for the buck.20Rate This
“A Government Sponsored Entity can be created”
I would ask who in Congress might sponsor such a bill. Then I would ask why.
Would it be sponsored by a corporate-sponsored Republican congressman or a corporate-sponsored Democratic congressman? Given that, either way, such a bill would be the product of a corporate-sponsored political corporation; what would motivate such action? Do you really believe the corporate-sponsored media fantasy that our government represents The People and pays no attention to all those pesky lobbyists from K Street. Do you also believe the two-party monopoly is a grass-roots political division created by conflicting popular philosophies? Are you seriously going to argue that Wall Street corporations don’t dominate our entire political structure? There’s no revolving door between government and business? Regulatory capture is a myth? Independent candidates have an equal voice in campaign debates? Do you really believe any mass-media corporate monopoly is going to expose the manipulative practices of its sponsors, much less its owners? What choices do you really have when it comes to government representation?
So, to me, when you say “government”, I hear “corporate-sponsored government”. I would love to see government-owned banks if the government wasn’t owned by private banks. Take out the corporate “middleman” and I’m all for it. It should be unconstitutional for corporations to own other corporations. If they were persons it would be like slavery. Creepy.10Rate This
pm, on June 14, 2013 at 1:00 pm said:
Very well said. I might add that Libertarians share in this delusion that govt is the problem as opposed to the transnationals & banks that own them through lobbying and monetary debt. They fancy themselves as some sort of political/economic alternative when in fact they, via Austrian economics, are their greatest champions (eg., dupes).20Rate This
Great article, Ellen; thank you. The power of our ideas must continue to resound until they resonate with the public’s critical mass if we’re ever to have money and banking serve the public.
We’ll do the best we can and discover all together what we can create.
All we have is good-faith effort and trust that we’re here on this beautiful but dominated planet for good reason30Rate This
pm, on June 14, 2013 at 11:08 am said:
There is no rational excuse for the politicians in Washington D.C. not to pass this bill, except for the fact that it upsets their banker overlords. It costs the Fed nothing to issue; nor will it cost the taxpayers anything as this is an off budget item.
What’s really at stake here is bringing about an awareness to the Amercian public that the true purpose of the Fed is to serve their economic welfare — not make plutocrats rich through usury. If we want any chance at nationalizing the Fed in the future, we MUST get this bill through now.
For programmatic strategies on how to get this done, I would recommend listening to one of many of Webster Tarpley’s discussions of the subject.
[…] Ellen Brown Writer, Dandelion Salad webofdebt.com June 14, […]00Rate This
PLEASE,PLEASE EVERYONE, SHARE THIS A MILLION TIMES.
May I repeat,
” Carl Herman, on June 14, 2013 at 9:34 am said:
Great article, Ellen; thank you. The power of our ideas must continue to resound until they resonate with the public’s critical mass if we’re ever to have money and banking serve the public.
We’ll do the best we can and discover all together what we can create.
All we have is good-faith effort and trust that we’re here on this beautiful but dominated planet for good reason ”
” pm , on June 14, 2013 at 11:08 am said:
There is no rational excuse for the politicians in Washington D.C. not to pass this bill, except for the fact that it upsets their banker overlords…”
Justaluckyfool says, “Amend the Fed” Make it a central bank that works For the People. Stop working for the Private For Profit Banks.
****Great article, Ellen; thank you.****
If they don’t pass the bill then, ” Elizabeth Warren for President”