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OpEdNews Op Eds    H3'ed 9/2/14

Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street

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There is a third reason for handing the job to the Fed. It is actually in the interest of the banks -- the Fed's real constituency -- to issue a national dividend to the laboring masses. Interest and fees cannot be squeezed from people who are bankrupt. Creditor and debtor are in a symbiotic relationship. Like parasites and cancers, compound interest grows exponentially, doubling and doubling again until the host is consumed; and we are now at the end stage of that cycle. To keep the host alive, the creditors must restock their food source. Dropping money on Main Street is thus not only the Fed's last bullet but is a critical play for keeping the game going.

(Article changed on September 2, 2014 at 17:24)

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Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling WEB OF DEBT. In THE PUBLIC BANK SOLUTION, her latest book, she explores successful public banking models historically and (more...)
 

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