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

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Public Banking: The Linchpin Tipping Point to Reverse Centuries of Top Down Power and Privatization?

Editor's note:I took the words "public banking" out of the title because it's so not sexy I thought it would turn people off. But I hope you'll read through this article and see how and why I believe that Public banking could be THE intervention that begins the extinction of the Top Down powers of the one percent class.  I have become a Public Banking hyperenthusiast

Tonight I went to a local meeting of the Public Banking Institute with Ellen Brown as the featured speaker. First, I joined the local organizers of the meeting, Brown and the director of the institute, Mark Armstrong.

The lecture and the conversations before and after really helped me connect some dots that tie together single payer health care, Naomi Klein's Shock doctrine, tea partiers, bankrupt cities, global bankers like the Rothschilds, the class war and the war of the top-down powers against the bottom up revolution. 


Ellen Brown Speaking in Bucks County, PA

First, some notes from Ellen Brown's lecture:

A -public bank is not for the public- it's created to serve in the public interest-- but is a bank for bankers, not the public-- no front offices, no advertising, no big staffs.

There's only one state with a public bank-- North Dakota-- and it is the state that has done better than every other state in terms of making budget and low unemployment.

Public banks serve governments-- cities, counties, municipalities, states and in other parts of the world, whole countries. They serve them by making interest-free loans to them and by earning far greater interest on money they have. And they have a lot of money-- government employee pension funds, rainy day funds"  which ordinarily earn a tiny amount compared to what they would earn if a bank was using them to earn interest. 

Mike Krauss, chairman of the Pennsylvania Public Banking project told the group, "Our thrust is to decentralize credit and decentralize wealth holding-- a decentralization of wealth will create a decentralization of political power."

Ellen Brown, author of Web Of Debt,  gave some stats in her presentation:

35-40% of everything we buy  goes to interest. 

29% of business profits go to the financial industry. 

21-32 trillion are hidden in offshore tax havens. 

You don't have to be paying interest on anything directly to be paying interest. Interest is built into the product. 

40% of public projects, on average, goes to interest. 

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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