• About
  • Contact
  • Submit News
Saturday, January 16, 2021
No Result
View All Result
NEWSLETTER
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Humanities
    • Infographics
    • Knowledge
    • Religion
    • Spirituality
  • GE TV
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Humanities
    • Infographics
    • Knowledge
    • Religion
    • Spirituality
  • GE TV
No Result
View All Result
The Global Elite
No Result
View All Result
Home Economics

40% of the World’s Banks are Publicly Owned

by Global Elite News
4 June, 2013
in Economics
0
40% of the World’s Banks are Publicly Owned
FacebookTwitter

It Would Only Take $20 Million to Start a Public Bank

Ellen Brown – author of Web of Debt, and the soon-to-released book  The Public Banking Solution gave some stunning statistics at last night’s Public Banking Institute conference:

  • 40% of banks in the world are publicly owned (for background on what public banking is, see this and this).  Public banks are mainly located in the BRICs (Brazil, Russia, India and China).  And all of the BRICs have fared much better during the credit crisis than the U.S. and other Western banks
  • There are now 20 American states banks with pending public banking bills
  • Brown notes, “For $20 million dollars, a state or local government could buy a bank, and put in all your revenues.  Then you’d be protected.  And then you could decide what you’re going to do with your money.”
  • In the best years, the U.S. financial sector made 40% of all corporate profits. This is bad, given that economist Steve Keen has shown that “a sustainable level of bank profits appears to be about 1% of GDP”, and that higher bank profits leads to a ponzi economy and a depression

University of Maryland political science professor Gar Alperovitz – former Legislative Director in the U.S. House of Representatives and the U.S. Senate, and Special Assistant in the Department of State – also spoke at the Public Banking conference.

Alperovitz said that the “bottom up” approach of public banking will work faster than breaking up or nationalizing the banks.  Why?  Because if you break them up, they’ll just regroup and then take over the system again. (We obviously have to break up the giant banks as well)

Alperovitz notes that there is a “massive new economy movement” moving from the ground up.  For example:

  • 40% of U.S. population – 130 million Americans  – are already members of coops of one kind or another, including credit unions
  • 10 million people are involved in worker-owned companies.  That is 3 million more than involved in labor unions for private companies
  • Credit unions have more capital collectively than any one of the big 5 banks

Alperovitz ended on this inspiring note:

We may be the starting point of an emergent movement that will overcome.

A member of Iceland’s parliament pointed out that Iceland’s main banks used to be public, but that the politicians let them be privatized a few years before the crisis.

Matt Taibbi also spoke at the conference.

Taibbi said that things have gone wrong because people haven’t been paying attention to what the big financial players have been doing:

We have abdicated responsibility to learn  how our world is being run.

Taibbi also says:

When they cross the line and no one notices it … they keep crossing lines.

The financial sector knows that no one understands what’s going on, so they keep pushing the envelope further and further … getting into more and bigger criminal schemes.

Taibbi noted that a Federal Reserve bank found that you would need at least 70,000 to 80,000 people to audit one of the big banks to the extent that small banks are audited.

He says that the big banks themselves can’t even audit their own operations. They  don’t know how interconnected and intertwined they are, or what operations they’re really engaged in.

Taibbi said we are in a dire situation:

If we don’t do something soon – if the public isn’t educated quickly about how bad things are getting – we won’t have a chance to do anything about it in the future.

However, he notes that we have more power than we realize, because – underneath their air of invincibility – the big banks are very fragile and “extraordinary vulnerable”.

Every time there is any bad publicity, any expose about what they’re really doing, any question that the government won’t unconditionally and forever prop them up, investors flee from their stock and their market cap plummets.

Taibbi said:

Their lives are in our hands.

Taibbi supports public banking as a better alternative … because it is much more transparent than the current American banking system.

Source: Washington’s Blog

0 0 vote
Article Rating

12.4k
SHARES
FacebookTwitterSubscribe
PinterestTumblrLinkedin Reddit DiggStumbleupon PocketVkDeliciousBufferWeiboWhatsappXingFlattrMailPrint

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Global Elite News

Your Source for Alternative News and Information. Deep Independent Journalism About Who Really Controls The World.

Related Posts

Is the Audit the Fed Movement Losing Momentum?
Economics

Is the Audit the Fed Movement Losing Momentum?

by Global Elite News
15 October, 2015
0
“The Banksters Did It”: The Central Banks Have Engineered This Financial Collapse
Economics

“The Banksters Did It”: The Central Banks Have Engineered This Financial Collapse

by Global Elite News
26 August, 2015
0
Is Gold a Stupid “Pet Rock” or a Bedrock Asset?
Economics

Is Gold a Stupid “Pet Rock” or a Bedrock Asset?

by TGE News
23 July, 2015
0
Massive Manipulation: “Real Producers and Consumers Aren’t Represented”
Economics

Massive Manipulation: “Real Producers and Consumers Aren’t Represented”

by TGE News
7 June, 2015
1
FDIC Plots a Bank Heist Involving YOUR Accounts
Economics

FDIC Plots a Bank Heist Involving YOUR Accounts

by TGE News
24 April, 2015
1
Currency Turmoil Making Metals Ownership More Attractive
Economics

Currency Turmoil Making Metals Ownership More Attractive

by Global Elite News
11 March, 2015
0
Geopolitics most dangerous since WWII, Lord Rothschild warns investors
Business

Geopolitics most dangerous since WWII, Lord Rothschild warns investors

by Global Elite News
5 March, 2015
0
Here’s How Much You Have to Earn to Be in the 1% in Your State
Economics

Here’s How Much You Have to Earn to Be in the 1% in Your State

by TGE News
10 February, 2015
0
Load More
Next Post
Did Obama Know Too? IRS Officials Knew Patriots And Tea Party Groups Were Being Targeted 2 Years Ago

Did Obama Know Too? IRS Officials Knew Patriots And Tea Party Groups Were Being Targeted 2 Years Ago

Royal Rife: Cancer Cure Genius Silenced by Medical Mafia

Royal Rife: Cancer Cure Genius Silenced by Medical Mafia

Subscribe
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest
A List of Banks Owned by the Rothschild Dynasty

A List of Banks Owned by the Rothschild Dynasty

19 February, 2013

The History of the ‘House of Rothschild’ (Complete)

24 January, 2013
Wikileaks Is A Rothschild Operation

Wikileaks Is A Rothschild Operation

22 December, 2012
Secrets Of The Elite: Why Forbes’s Rich List Doesn’t Include The Wealthiest Families On The Planet

Secrets Of The Elite: Why Forbes’s Rich List Doesn’t Include The Wealthiest Families On The Planet

19 September, 2015
Wikileaks Is A Rothschild Operation

Wikileaks Is A Rothschild Operation

6
Indisputable Evidence the Boston Marathon Bombing was a Staged Event

Indisputable Evidence the Boston Marathon Bombing was a Staged Event

3

What are the UN’s Agenda 21 and ICLEI?

2
CNN and MSNBC Lose Almost Half Their Viewers in One Year

CNN and MSNBC Lose Almost Half Their Viewers in One Year

2
George Soros Exposed as a Rothschild Agent in the 1990’s

George Soros Exposed as a Rothschild Agent in the 1990’s

1 August, 2018
Son of Frankenstein? UK Body Backs Human Embryo Gene Editing

Son of Frankenstein? UK Body Backs Human Embryo Gene Editing

23 July, 2018
Bolivia Declares ‘Total Independence’ from World Bank and IMF

Bolivia Declares ‘Total Independence’ from World Bank and IMF

24 July, 2017
Globalist and Grey Cardinal Zbigniew Brzezinski Dies at 89

Globalist and Grey Cardinal Zbigniew Brzezinski Dies at 89

28 May, 2017

Connect With Us

Most Read

  • A List of Banks Owned by the Rothschild Dynasty

    A List of Banks Owned by the Rothschild Dynasty

    7 shares
    Share 0 Tweet 0
  • The History of the ‘House of Rothschild’ (Complete)

    100 shares
    Share 0 Tweet 0
  • Wikileaks Is A Rothschild Operation

    4 shares
    Share 0 Tweet 0
  • Secrets Of The Elite: Why Forbes’s Rich List Doesn’t Include The Wealthiest Families On The Planet

    12 shares
    Share 0 Tweet 0
  • George Soros Exposed as a Rothschild Agent in the 1990’s

    2 shares
    Share 0 Tweet 0

Categories

Newsletter

Enter your email address to subscribe to our newsletter and receive notifications of new posts by email.

Join 11,868 other subscribers

RSS Global Elite TV

  • Why Is The Bilderberg 2019 Location Still a Secret?
  • The CFR LOVES Domestic Propaganda!
  • Alan Turing, Cybernetics and the Secrets of Life
  • Dr. Jerry Tennant: Healing the Body’s Electrical Circuitry

Site Links

  • Donate
  • Resources
  • Sitemap
  • The Globalists

About Us

TGE news is here to bring you true documented facts on what’s really happening in the world that you most likely will not see in the controlled mainstream corporate media.

  • About
  • Contact
  • Privacy & Terms
  • Submit News

(OA) 2012-2021 TGE News

No Result
View All Result
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Humanities
    • Infographics
    • Knowledge
    • Religion
    • Spirituality
  • GE TV

(OA) 2012-2021 TGE News

0
0
Would love your thoughts, please comment.x
()
x
| Reply