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The Linchpin Tipping Point to Reverse Centuries of Top Down, 1% Power and Privatization?

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Bankrupt Cities

Currently, there's at least one city in bankruptcy and many more close to or in different levels of financial crisis. Public banking could make a huge difference, could rescue many at risk governments and bring some back from the near dead. Or let's look at it another way. The massive costs private banks interest cost, plus the lost revenue that could be made from assets they hold (pensions, emergency funds, etc.) local governments are playing a key role in putting the governments in the financial  hole. 

So, let's connect some dots. 

Tea partiers and Public Banking

Apparently, tea partiers don't like Big Banks. And they like to support small, local systems. So public banking, which could put a big dent into the power of big banks, holds some attraction for them. Occupy Wall Street people also like Public banking-- an interesting combination.  

Privatization and Shock Doctrine:

Privatization is one of the key factors in the Shock Doctrine. Before the American Revolution, the colonists had public banks. The revolution was partly fought over the right to have such banks and to have currency that was American currency.  The British abolished colonial banks and colonial currency. That was one of the reasons the revolution began. The thing is, after the revolution was over the Bank of England, controlled by the Rothschild empire, had done its dirty work and banking in the US was privatized-- a very early case of the shock doctrine at work. 

Single Payer and Privatization

We have a health care system that has become privatized-- public, non-profit hospitals corporatized doctors practices acquired, local insurers absorbed into bigger operations. Every year you pay more for less and less. 

Then there's the privatized prison system. In PA, we had a  pair of judges who were paid to sentence innocent teens to a privatized prison. We have broken justice system that makes felons out of kids who smoke pot or who use other drugs-- and then takes away their right to vote-- very handy since most of them vote against republicans. 

Single Payer and Public Banking

There are some exciting connections and commonalities between the movement towards single payer and public banking.  Both are challenges to multi trillion dollar industries.  Another commonality is finding people to advocate for the change. I've come to the habit of asking, when change is sought, "Qui Bono? Who benefits?"  If you can answer that question you can find the low-hanging fruit to recruit to help in the change efforts. 

There are a lot of people who are aware of single payer and who support it-- a lot less who are aware of promise of public banking let alone activists working on making it  happen. But it is very possible that Public Banking could succeed before single payer does. That's because it can be implemented on a much smaller scale.  And Mark Armstrong, Executive Director of the Public Banking Institute, told me that the clearest beneficiaries of Public banking are community banks. He also says that community banks are being royally screwed by the new Dodd Frank Bank legislation going into effect-- to the benefit of big banks. 

One major similarity between the two is they both help local governments. Single payer  healthcare drops the costs for governments dramatically. Public Banking lowers costs AND raises funds, while supporting local community banks. 

Class War and The War Between Top Down Powers and the Bottom up revolution. In a recent op-ed, Paul Krugman said, "America's top-down class warriors lost big in the last election"." I"m not the only one talking about top down war against the rest of us. . That top down war has gone through changes. That's a good thing. Multinational corporations and international bankers are among the most powerful top-down players, starting with the Rothchilds-- a banking dynasty that took power over 300 years ago-- and is still holding on to it. 

Public banking has the potential to play a massive role in financially powering the bottom-up revolution, empowering de-centralization and the move from hirearchy to horizontalism. 

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Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project. 

Rob Kall Wikipedia Page

Over 200 podcasts are archived for downloading here, or can be accessed from iTunes. Rob is also (more...)
 

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As luck would have it, both Ellen and I spoke abou... by Scott Baker on Thursday, Dec 6, 2012 at 1:37:57 AM
I asked about the ideological aspects of public ba... by Rob Kall on Thursday, Dec 6, 2012 at 7:55:00 AM
Between single payer and "public banks". Both ide... by BFalcon on Thursday, Dec 6, 2012 at 11:18:45 AM
The US Treasury was a Public Bank up through the m... by James Hadstate on Thursday, Dec 6, 2012 at 6:00:25 PM
And, in particular, have very positive opinion abo... by BFalcon on Thursday, Dec 6, 2012 at 9:13:43 PM
Kinda mak'in it up as you go? Treasury Secratary S... by James Tennier on Friday, Dec 7, 2012 at 5:29:15 PM
Do you think the FED is going to let this happen?&... by terry smythe on Thursday, Dec 6, 2012 at 2:22:06 AM
Like I said in my article, even smaller localities... by Rob Kall on Thursday, Dec 6, 2012 at 7:57:45 AM
Once it begins, I'm expecting a slow growing tidal... by James Tennier on Thursday, Dec 6, 2012 at 11:44:51 AM
I went to a meeting of the Working Families party ... by Scott Baker on Thursday, Dec 6, 2012 at 5:45:22 PM
Without Hank Paulson's crying "END OF THE WORLD" 4... by James Tennier on Friday, Dec 7, 2012 at 5:32:08 PM
Interesting is the lack of comprehension as to wha... by Steve Shapiro on Thursday, Dec 6, 2012 at 3:02:23 AM
It's the private banks that have little oversight.... by Steve Shapiro on Thursday, Dec 6, 2012 at 3:03:19 AM
This 'new' banking system started in 490 BC by the... by Steve Shapiro on Thursday, Dec 6, 2012 at 3:04:20 AM
President Barack Obama and Federal Reserve Chairma... by Lance Ciepiela on Thursday, Dec 6, 2012 at 8:28:18 AM
RIGHT ON man ___ Ciepiela, my Hero, thanks for tak... by jean labrek on Thursday, Dec 6, 2012 at 6:41:11 PM
Good luck with that, Rob.  Just today, der Sp... by Sister Begonia on Thursday, Dec 6, 2012 at 8:57:15 AM
I didn't realize they would come out that big or w... by Sister Begonia on Thursday, Dec 6, 2012 at 9:00:56 AM
Confronting the fact that we live in a mixed econo... by Ernie Messerschmidt on Thursday, Dec 6, 2012 at 9:07:46 AM
I would settle for our State National Gaurds to pr... by Michael Dewey on Thursday, Dec 6, 2012 at 10:08:07 AM
WELL SAID, good point.... by jean labrek on Thursday, Dec 6, 2012 at 6:46:30 PM
Public banks serve governments-- cities, counties,... by Michael Dewey on Thursday, Dec 6, 2012 at 10:09:33 AM
Nothing looks like its going to happen over night.... by Michael Dewey on Thursday, Dec 6, 2012 at 10:16:53 AM
Got this website:However, 20 states have decided e... by Stephen Zimmett on Thursday, Dec 6, 2012 at 10:17:49 AM
Nevada voted to not go forward; 10 to 11. WTF?... by James Tennier on Friday, Dec 7, 2012 at 5:36:06 PM
Why not follow the Constitution when it says Only ... by Poor old Dirt farmer on Thursday, Dec 6, 2012 at 10:28:11 AM
Public banks serve governments-- cities, counties,... by Michael Dewey on Thursday, Dec 6, 2012 at 11:03:06 AM
"Far greater interest"?... by BFalcon on Thursday, Dec 6, 2012 at 11:06:57 AM
Oh you are in it for the money. Now I have you na... by Michael Dewey on Thursday, Dec 6, 2012 at 4:08:40 PM
You obviously prefer not to consider the mentioned... by BFalcon on Thursday, Dec 6, 2012 at 9:28:48 PM
This present banking system is broken as your came... by Michael Dewey on Friday, Dec 7, 2012 at 6:34:21 AM
But, to the point, am I wrong for seeing only one ... by BFalcon on Friday, Dec 7, 2012 at 8:18:36 PM
And have been a huge fan of the Worker Ownership o... by Michael Dewey on Saturday, Dec 8, 2012 at 5:39:43 AM
I'm sorry, but I still don't follow how these publ... by June Genis on Thursday, Dec 6, 2012 at 11:40:28 AM
They will NOT have to pay compound interest to "bi... by James Tennier on Thursday, Dec 6, 2012 at 12:07:37 PM
The info you seek can be found by reading about th... by Textynn N on Thursday, Dec 6, 2012 at 4:56:09 PM
also:____webofdebt.com/articles... by jean labrek on Thursday, Dec 6, 2012 at 6:57:48 PM
interest money going back to the people(worker-tax... by jean labrek on Thursday, Dec 6, 2012 at 6:53:14 PM
June,You need to understand that the institution o... by Derryl Hermanutz on Thursday, Dec 6, 2012 at 7:55:45 PM
"The run on the bank"... by BFalcon on Thursday, Dec 6, 2012 at 9:31:23 PM
Who truly understands. You see, you are seeing th... by BFalcon on Thursday, Dec 6, 2012 at 9:52:12 PM
I've had several conversations with right-wing Chr... by K.J. McElrath on Thursday, Dec 6, 2012 at 11:51:25 AM
Biblical law or sharia would be living like the 2,... by jean labrek on Thursday, Dec 6, 2012 at 7:03:11 PM
" perhaps what we need is a de-privatization movem... by WindyCity on Thursday, Dec 6, 2012 at 1:52:18 PM
All this privatization of the system is nothing bu... by Textynn N on Thursday, Dec 6, 2012 at 4:47:45 PM
  The banking system of the world today is ab... by Bob Gormley on Thursday, Dec 6, 2012 at 5:34:01 PM
So those who control public banks will have the co... by BFalcon on Thursday, Dec 6, 2012 at 9:32:47 PM
 If you have a problem with the policies of a... by Tom James on Friday, Dec 7, 2012 at 9:24:02 AM
However, it is interesting that the same people wh... by BFalcon on Friday, Dec 7, 2012 at 8:37:44 PM
___ Ellen Brown is doing fantastic work teaching p... by jean labrek on Thursday, Dec 6, 2012 at 6:27:48 PM
etween single payer and "public banks". Both idea... by Gull Faraz on Friday, Dec 7, 2012 at 1:15:15 AM
Rob; There are two of us now, maybe more sharing i... by James Tennier on Friday, Dec 7, 2012 at 5:07:02 PM
Kall says, "We have a healthcare system that, unli... by Karl Wilson on Friday, Dec 7, 2012 at 5:35:32 PM
I am very fond of the idea of Public Banking and w... by SuzieM on Saturday, Dec 8, 2012 at 8:40:54 AM
We should have learned this in high school.... by Bob Stuart on Sunday, Dec 9, 2012 at 11:56:21 PM
It always baffles me that republicans and tea part... by Mark Oetting on Monday, Dec 10, 2012 at 7:58:39 AM
Public banks serve governments-- cities, counties,... by Michael Dewey on Saturday, Mar 16, 2013 at 5:33:10 PM