public banking

Joseph Stiglitz, a senior OECD expert, slams OECD’s own policies to prevent global slowdown. In a little-known speech at the United Nations University, renowned Nobel Prize-winning economist Joseph Stiglitz criticised Western approaches to addressing the global economic crisis for being obsessed with market solutions that cannot work. His remarks were made just two months before the Organisation for Economic Cooperation […]

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks. Community banks are rapidly disappearing — except in North Dakota, where they are thriving.
The post Killing Off Community Banks — Intended Consequence of Dodd-Frank? appeared first on BSNEWS.

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks. Community banks are rapidly disappearing — except in North Dakota, where they are thriving.  At over 2,300 pages, the Dodd Frank Act is the longest and most complicated bill ever passed […]

Nature limits all systems — nothing grows forever. Economic systems built around growth, like ours, are no different. Ellen revisits that topic with biomimicry expert Jamie Brown-Hansen about what nature teaches regarding sustainable economic systems that last for eras rather than just decades. The theme is picked up by Bernie Sanders as he reflects on […]

The debt-money regime seems to have run its course. Happily, alternatives are being explored in the form of outright free public issue of money directly to the people — “QE for the People.” On “It’s Our Money,” we look at several dimensions of these ideas. Ellen speaks with noted UK professor and author Mary Mellor […]

“Neither national nor European worker protection laws apply to the ECB, because it is not part of any nation. Nor is it a European state,” said an ECB staffer. “So basically, the Governing Council of the ECB has complete freedom to define any rules or laws for its employees that it wishes, with no democratic oversight and no worker representation.”
The post EU banking chiefs are repressing their own workers to save the 1% appeared first on BSNEWS.

Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge titled “It Begins: Australia’s Largest Investment Bank Just Said […]

Capitalism is often touted as the most dynamic marketplace performer capable of lifting more boats faster than any other — but why then do we see its colossal failures as a stable and equitable driver of well-being for the vast majority of its practitioners? Ellen speaks with one of the most knowledgeable experts on economic […]

One would hope that Cameron and Osborne fully understand the mechanics of modern money creation (although a recent survey by Positive Money shows 90% of their fellow MPs do not). Most of our money is created by private banks when they make loans. It doesn't have to be this way. Another world is possible.
The post Quantitative Easing for People: The UK Labour Frontrunner’s Controversial Proposal appeared first on BSNEWS.

By the time politicians reach Westminster, they do not need to be recruited to a cabal. They have simply proven over a long period that they have a strong ideological fit with the institutions that govern us. If not, their careers would have stalled much earlier, in the lower rungs of these institutions, or they would have “dropped out”. The same processes select those who fill top posts in the media and other influential “professions”.