The only feasible answer to America's economic disaster is bank nationalization:
Bloggingheads: Bank Nationalization - Video Library - The New York Times
Edward
So Long and Thanks for All the Fish!
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The only feasible answer to America's economic disaster is bank nationalization:
Bloggingheads: Bank Nationalization - Video Library - The New York Times
Edward
Nationalization is one of the key ingredients to taking charge of our monetary system. The most important thing to be done in this nationalization is to strip the boards and CEO's of all stock and any power, real nationalization. If the CEO's of the big banks get to keep any job at all within banking then it will all just be for show and nothing will or could ever change. If, on the other hand, you start to see them removed entirely from the system and administrative government agency types take charge then we can have hope. I say this because they are not smart enough to think of 18 ways to divide a dollar and sell each part for $5. Yes the economy will become very slow, growth of GDP will slide, but that's because we will be changing the nature of America. Localized cooperative land ownership and bank ownership. Imagine if the local credit unions, like Redwood, had our money then gave car, home and business loans in the local economy. When those of us with local money shop we will shop at business backed by our credit union. Giant chains would mostly fade away, replaced by giant co-ops where the customers or the employees were owners. The Masters of the Universe would be locked out. There will be many good looking ideas which in the end will still support the Oligarchs, as long as we let them continue to exist by supporting them with our money and work...we will never know freedom.