One of the founding principles of the Transition Movement is the
concept of 'sticky money' preventing a flight of capital from
localities. It is time for us to take back our communities and to create
financial self sufficiency as far as that can be achieved. In previous
posts I have written about local currencies in the UK like the Bristol
pound for example.
In the first video I've posted here we have a glimpse into the Pennsylvania Public Bank project which gives an opportunity for local savers and investors to avoid big Wall Street fraudsters like JP Morgan Bank and the most reprehensible outfits like Goldman Sachs etc ad nauseum.
Professor William K Black author of The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry (2005) is an expert on corporate fraud and white collar crime “JP Morgan’s frauds are epic in scale, unprecedented in world history," says Black and he goes on to observe. . . "in these $23 billion we’re talking about, these are frauds that made Jamie Dimon and other senior officers incredibly wealthy by creating fictional income that led to very real bonuses.”
In the first video I've posted here we have a glimpse into the Pennsylvania Public Bank project which gives an opportunity for local savers and investors to avoid big Wall Street fraudsters like JP Morgan Bank and the most reprehensible outfits like Goldman Sachs etc ad nauseum.
Professor William K Black author of The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry (2005) is an expert on corporate fraud and white collar crime “JP Morgan’s frauds are epic in scale, unprecedented in world history," says Black and he goes on to observe. . . "in these $23 billion we’re talking about, these are frauds that made Jamie Dimon and other senior officers incredibly wealthy by creating fictional income that led to very real bonuses.”
There is however,
something we can do about this greed and criminality at a local and a
regional level, establishing a public bank is one of them as the
Bank of North Dakota demonstrates admirably.
In order to progress the development of accountable financial institutions as a way of undermining the broken zombie capitalist global economy, financial expert Ellen Brown is standing in California (the world's eighth biggest economy) for the position of State Treasurer on a Green Party ticket.
All people of goodwill can only wish Ellen the very best of luck in taking this strategic position and halting the progress of Wall Street and the Federal Reserve scam meisters.
Meanwhile here is some backround. In a week when economic guru George Soros has warned that China is now in much the same economic position as the US was in 2008 before the crash and is now the biggest threat to the continued existence of global capitalism, the jitters is an appropriate response. Soros is like the angel of death so far as national economies are concerned, so China needs to be worried I think.
Nevertheless this warning comes as a timely reminder that the only really meaningful solution to these problems lie locally and beyond the reach of the despicable banksters who have stolen everything from the people to feather their own tax avoidant nests.
In order to progress the development of accountable financial institutions as a way of undermining the broken zombie capitalist global economy, financial expert Ellen Brown is standing in California (the world's eighth biggest economy) for the position of State Treasurer on a Green Party ticket.
All people of goodwill can only wish Ellen the very best of luck in taking this strategic position and halting the progress of Wall Street and the Federal Reserve scam meisters.
Meanwhile here is some backround. In a week when economic guru George Soros has warned that China is now in much the same economic position as the US was in 2008 before the crash and is now the biggest threat to the continued existence of global capitalism, the jitters is an appropriate response. Soros is like the angel of death so far as national economies are concerned, so China needs to be worried I think.
Nevertheless this warning comes as a timely reminder that the only really meaningful solution to these problems lie locally and beyond the reach of the despicable banksters who have stolen everything from the people to feather their own tax avoidant nests.
A taste of what is possible in the wreckage of capitalist collapse the next video is a message of hope from the near ghost town of Detroit once the capital of the US automotive industry. It is about sticky money, localised economies and the resilience of the human spirit in the face of catastrophe and economic collapse.
This short film illustrates the concept of spontaneous order and self-organisation and provides a glimse of the world after the fall of globalism and the final defeat of the self-styled new world order and the corporate class whose greed and psychopathic violence has dealt so much damage to the world around us.
For a little bit of optimism in the seemingly endless gloom caused by the Wall Street dodgy banking mafia and their hangers-on, here is a tale of resilience and creativity from the ruins of Detroit, a testament to sticky money as a thousand enterprises bloom (to misquote Mao Zedong) in an urban wasteland that looks like something from a disaster movie, almost inconceivable as a reality let's say 5 years ago. Detroit was declared bankrupt on December 3 2013,
with debts totalling $18.5 billion and the city is now under the governance of the state of Michigan.
