2/25/14 Meria Interviews Ellen Brown, Attorney, Candidate for Treasurer in Calif on Green Party Ticket on her latest book “The Public Banking Solution”. Recent bankers deaths – LIBOR?fraud?fear?; what happened to Jerry Brown? Can public banking save California? 1,000% interest? usury; the money influence in Congress, Judiciary, etc; the problem with debt is the interest; credit cards hidden costs; Bank of No.Dakota; Quakers public banking; Reinstate Glass-Steagall; China and Germany’s banks; how to fix the banking and credit crisis; corporate money; credit is money; Elizabeth Warren; bringing banking back to the Post Office; unbanked and underbanked; Costa Rica nationalized their banks; tuition in America and college debt; Could another crash like 2008 happen again?
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WHAT WALL STREET DOESN'T WANT YOU TO KNOW. Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. Nearly all money today is simply bank credit. Economies run on it, and it is created when banks make loans. The main flaw in the current model is that private profiteers have acquired control of the credit spigots. They can cut off the flow, direct it to their cronies, and manipulate it for personal gain at the expense of the producing economy. The benefits of bank credit can be maintained while eliminating these flaws, through a system of banks operated as public utilities, serving the public interest and returning their profits to the public. This book looks at the public bank alternative, and shows with examples from around the world and through history that it works admirably well, providing the key to sustained high performance for the economy and well-being for the people.