Jill: Oh
on protecting our civil liberties and on stopping the bailouts of large
corporations on Wall Street. There's a lot of overlap with Ron Paul.
Rob: How
about the fed?
Jill: Yes,
yes. We agree completely that the fed needs to be basically brought into public
service so that it's not a private organization serving the private bank. So,
that basically needs to be redefined and nationalized.
Rob: Now,
so you agree that the fed doesn't work the way it is but I don't think that Ron
Paul would agree that he would want it nationalized.
Jill: Yeah,
I'm not sure what he's proposing. I think we agree that it's a disaster, but I
think there's a role for a central bank that deals with credit creation and
monetary policy, but it needs to be defined in the public interest and to work
in a transparent way to ensure that public needs are being served.
Rob: Now,
one of our regular writers, Ellen Brown, has written a lot and talks a lot
about the need for local state owned banks. What do you think about that idea?
Jill: Absolutely,
in fact that is a part of the Green New Deal as well. The Green New Deal
includes financial reforms that ensure that the resources are there for these
investments to jumpstart the green economy and having state banks as well as
municipal banks is a key part of the solution and we do propose breaking up the
big banks that are too big to fail, to big to jail. They've only gotten bigger
and they certainly have not been reigned in. The Dodd Frank Bill has been
almost useless, maybe not completely, but it certainly hasn't done the job. We
continue to teeter around the brink of the next great Wall Street--
Rob: /
I agree with you on that.
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