Public Banking Videos
Banking on New Mexico, Santa Fe
"What the fearless Hoenig told the Senate Banking Committee was effectively this: the biggest Wall Street banks have been lying to the American people that overly stringent capital rules by their regulators are constraining their ability to lend to consumers and businesses. What’s really behind their inability to make more loans is the documented fact that the 10 largest banks in the country “will distribute, in aggregate, 99 percent of their net income on an annualized basis,” by paying out dividends to shareholders and buying back excessive amounts of their own stock. Hoenig writes that the banks are starving the U.S. economy through these practices and if “the 10 largest U.S. Bank Holding Companies were to retain a greater share of their earnings earmarked for dividends and share buybacks in 2017 they would be able to increase loans by more than $1 trillion, which is greater than 5 percent of annual U.S. GDP.”ellenbrown.com/2013/12/22/100-years-is-enough-time-to-make-the-fed-a-public-utility/
100 Years Is Enough: Time to Make the Fed a Public Utility
ellenbrown.com
December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance. Has it achieved the purposes for which it was designed? The answer depends on whose…
The best way to hurt "them" is to take their power away--their power to create "money." With the invention of blockchain technology in 2007, the door has opened for discussion about real change in what money is and who controls it. No one has spent precious metals as money in almost 80 years and most money today life especially as data in computer banks somewhere. Let's accept this and move into the 21st Century.
Public Banking for Boulder, Longmont and more
