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OpEdNews Op Eds    H2'ed 7/6/15

Economic Democracy vs Bankster Plutocracy

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Message Derryl Hermanutz
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Economic Democracy vs Bankster Plutocracy

The Divide Between Rich and Poor in the Developed World is Opening Up Fast
The Divide Between Rich and Poor in the Developed World is Opening Up Fast
(Image by David Blackwell.)
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Bankers have long exercised a near absolute monopoly on the creation and primary allocation of money. International bankers engineered and enabled the present and intensifying corporate-plutocrat ownership structure of the Western world. What might happen if a people-serving government issued its own debt-free fiat money, instead of using bank-issued credit/debt money that commits the nation to debt servitude and neo-corporate serfdom?

Here's an illuminating case that I found on Facebook,

16 Things Libya Will Never See Again as quoted by Michael Parenti October 24, 2011

1. There was no electricity bill in Libya; electricity was free for all its citizens.

2. There was no interest on loans, banks in Libya were state-owned and loans given to all its citizens at zero percent interest by law.

3. Having a home was considered a human right in Libya.

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Derryl Hermanutz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I spent my working life as an independent small business owner/operator. My academic background is in philosophy and political economy. I began studying monetary systems and monetary history after the 1982 banking crash that was precipitated by (more...)
 

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