Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 1 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds   

How to use those "Stagnant Pools of Government Money"

By       (Page 1 of 1 pages) (View How Many People Read This)   No comments
Author 24749
Message Martin Carbone
Become a Fan
  (1 fan)
Response to Ellen Brown,

Subject: Your OEN article, "The Mysterious CAFR's: How Stagnant Pools of Government Money Can Save the Economy"

Ellen, to build on your good idea ...

A Sovereign-Money Banking System can filter and refresh those "Stagnant Pools of Government Money"

Please consider the Sovereign Money banking plan at << >>

A single bank operating under this plan can be started almost immediately in California, operating under existing California and Federal Law. If it works well, it could be expanded into a nationwide system of 4,000 banks.

No new laws are needed on the Federal or State level.

I would suggest that the bank be started without depositors. Depositors simply do not make sense for a beginning bank.

It is a myth that banks need deposits to make loans. They can simply create whatever money is needed to make loans.

Would you like to discuss this further -- or would you rather that we simply work on our own?

A completely new banking system could be easily started. Without new laws or specific help by existing government at any level.

The only thing you need is support by common citizens.

I think the new banking system would simply crowd out the existing Federal Reserve System. Common people would likely switch to this new banking system because the New System would be better for common citizens

Let me know what you think.

Marty Carbone -- (martycarbone@


Rate It | View Ratings

Martin Carbone 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

Retired engineer, product and business developer, inventor (six patents). Currently (a) trying to completely understand our money and banking systems and (b) planning to pass that information to the American public. Photo is ca. (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Is cholesterol dangerous?

How to stymie corporate political lobbying and advertising

Solve our Home Mortgage, Money and Banking Problems through Community Banking Plan

How did Paper Money come to be?

I am Changing my mind on Fractional Reserve Banking

Questions About Money for the American Public

To View Comments or Join the Conversation: