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Posted by on in National News
"Public Banking" with Marc Armstrong

"Public Banking" with Marc Armstrong

Key benefits of public banking; state and county banks; common misconceptions; commercial, wholesale and investment banking; Public Banking Institute; Trans Pacific Partnership; Fast Track; Cyprus banking crisis; Dodd Frank; 2005 Bankruptcy Law; derivatives a threat to depositors; FDIC/BOE document.

Produced and hosted by Bonnie Faulkner.

Listen to interview with Marc Armstrong here.

 

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You Can't Taper a Ponzi Scheme: Time to Reboot

You Can't Taper a Ponzi Scheme: Time to Reboot

By Ellen Brown

ORIGINALLY PUBLISHED ON WWW.NATIONOFCHANGE.ORG

 

The shadow banking system is a ticking time bomb. We are just waiting for it to blow up and collapse. And then what will happen to our economy?

Read entire article here.

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Posted by on in National News
Checking the Banks

Checking the Banks

The Nuts and Bolts of Banking for People Who Want to Fix It

The global network of banks, brokers, funds, dealers, servicers, and all the rest is a marvel of the 21st century—for better and frequently worse. In the aftermath of the worst financial crisis in a generation, there has never been a more important time to understand how the system works... and why it doesn't.

Checking the Banks is an easy-to-read primer on how a bank—and the banking system—works. Complex ideas, like bank capital, leverage, risk-weighting, and repo transactions are explained in clear, understandable language.

This is a book for:
· People who want to understand banks,
· Activists determined to change them,
· Reformers seeking to build alternatives.

"This is a marvelous book! Well-written—even enjoyable to read—about local banking! Packed with important information, not only for the expert, but for anyone, activist or public official, Put it on top of your reading pile!"
— Gar Alperovitz, author of What Then Must We Do?

"A clear, accessible, practical, grounded, and authoritative intro- duction to how banks account for their use of your money."
— David Korten, author of Agenda for a New Economy: From Phantom Wealth to Real Wealth

Click Here to Purchase

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Distributed Capitalism - A Scientific Validation for "Going Local"

Distributed Capitalism - A Scientific Validation for "Going Local"

With Western capitalist economies struggling to address the growing inequity among citizen constituencies, talk of capitalism itself as an unfair distributor of wealth has taken center stage among economists, academics and politicians alike. Thomas Piketty's run-away best seller Capitalism in the Twenty First Century, as well as the international Occupy and public banking movements, all address the symptoms of the problem is multiple ways. One thing is certain, the discussion has been fully joined.

Among the voices of new thinking about economic models is the Pennsylvania Project's own Executive Director Frank Nuessle, who is Adjunct Faculty at the University of PA in the study of sustainability and organizational dynamics. In his recently published new paper, Frank addresses the need for new economic operating systems that draw on locally-focused resources and networks.

Here is his latest work: "Distributed Capitalism - A Scientific Validation for "Going Local"

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Public Banks and Public Rail: Expanding Green Public Transit in New Jersey

To fund this and other public transportation initiatives (and a plethora of other public services), New Jersey could establish a public bank. Using money the state already has, a public infrastructure or development bank could issue bonds, support public-private initiatives, and lend to state and local entities at very low interest rates. In this way, a public bank could fund the entire endeavor–modernization, expansion, and greening of public rail transportation–without raising taxes or taking money from other state programs.

Read entire article here.

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