Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Happy, Greg, reid and the others, I am in agreement that having an alternative is a good idea.
Like Ellen says, the only state that is doing well financially is ND and part of that has to do with its banking system.
I think a state owned bank is also something (at least philosophically) that people across the political spectrum could agree to.
Jazzy, no one is saying to abolish Wall Street and the Federal Reserve, it does has its merits, but given how everything exploded 2 years ago due to a gambling addcition that nearly caused global economic collapse; how Wall Street got bailed to the tune of trillions of tax payer dollars; how the recession is over for many corporates but definitely not for Main Street; then those are pretty strong arguments for us Main Streeters to have an alternative source for credit.
Even though she speaks on the same subject, in each video she gives different details or explains things more clearly than her previous video.
Oh and Greg don't feel bad about not knowing that much about the Fed and economics, not many of our "esteemed" representatives knew what the hell was going on 2 years ago or even today.
Clause 1: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
Clause 2: To borrow Money on the credit of the United States;
Clause 5: To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
Clause 6: To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
U.S. CONSTITUTION (http://www.house.gov/house/Constitution/Constitution.html - broken link)
To Kovert :
Yes, you would think this is a idea that could be embraced across the political spectrum, but our Friends on the right see the words "state controlled " and go into the it's socialism mode. I do not know how they would think it is flat out redistribution of wealth {taking of one giving to another } it is taking earned profit {interest } and re investing it into the state. Where's the freebies?
Are they telling us they would rather have freebies {bail out} going to the banksters if that is not socialism then what is. This idea would be a good issue for the tea drinkers but what do we get instead ? Instead we get them working themselves into a wild frenzy trying to get {R}s elected. Which in turn puts the Boner into the speakers chair. This is the same Boner that is golfing buds with the Goldman Sach's crowd where he ball washes and promises favors for campaign contributions.
There is no recourse for the people when the banksters have both parties under control and the best thing we could do is get behind the idea and give it to the states where it is closer to the people.
Since too many financial institutions are addicted to tax payer money like an addict is to crack, many people are saying, enough's enough.
"The BND's 90-year track record of prudent and profitable lending defuses another objection to state-owned banks: that a public agency cannot be trusted to act responsibly in managing public funds."
In Europe small public banks have also survived the financial crisis in much better shape than the big private ones...
To Kovert :
Yes, you would think this is a idea that could be embraced across the political spectrum, but our Friends on the right see the words "state controlled " and go into the it's socialism mode. I do not know how they would think it is flat out redistribution of wealth {taking of one giving to another } it is taking earned profit {interest } and re investing it into the state. Where's the freebies?
Are they telling us they would rather have freebies {bail out} going to the banksters if that is not socialism then what is. This idea would be a good issue for the tea drinkers but what do we get instead ? Instead we get them working themselves into a wild frenzy trying to get {R}s elected. Which in turn puts the Boner into the speakers chair. This is the same Boner that is golfing buds with the Goldman Sach's crowd where he ball washes and promises favors for campaign contributions.
There is no recourse for the people when the banksters have both parties under control and the best thing we could do is get behind the idea and give it to the states where it is closer to the people.
reid, you're absolutely right.
The 2008 election had as its main underlying issue the question of race.
The 2010 & 2012 elections undercurrent will be all about class.
I'm proud of the decision the majority of us made when it came to the '08 election.
I hope the majority of Americans can come out of their denial that we have a serious class problem in the United States and we must passionatelyANDrationally learn how to work across our differences to come up with effective solutions to the nation's problems.
I say lock up Denny, Ron Paul, Barney & Grayson in a room for as long as it takes for them to formulate real financial, health and MOST IMPORTANTLY, campaign finance reform.
Here is another series of videos by Ellen. It is a 5 part series that you can follow on youtube.
"The Financial Hijacking of America" with author, Ellen Brown. Brief history of banking; two ways to create money, either publicly or privately; credit creates money and debt; the Federal Reserve; bubbles and crashes; market manipulation; recent changes in banking and accounting rules; securitization; Bank of International Settlements in Basel, Switzerland; the need for state owned banks."
Although, there is MUCH I wouldn't agree with, especially with this character, I liked what he said at the end of the interview (fast forward to 9:17).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
