The Bank of North Dakota started a century ago with the simple goal of service to citizen victims of the Wall Street monopoly. It now inspires the hopes of citizens nationwide, as they struggle to wrest their financial freedom from the same financial masters. Ellen talks with Dr. Rozanne Enerson Junker, who got her doctorate studying how this upstart institution took on the big banks and turned a challenged economy into a financial powerhouse of service to its owners, the people of North Dakota. Walt McRee talks with Tom Tresser about a new collaborative book called “Chicago is Not Broke – Funding the City We Deserve” -- there’s more money laying around than most citizens know. And Matt Stannard discusses What Wall Street Costs America with a focus on Detroit and Harrison, NJ – yet more victims of the global banking cartels that keep America under the thumb of debt servitude.
Almost 100 years ago, populist politics marched across America in reaction to the same sort of monetary monopoly that is depriving this century’s citizens of their hard-earned assets and wealth. That deprivation has mobilized an angry, fed-up backlash of folks willing to support any candidate who will talk straight and promise real change. Several candidates are rising to the challenge. Ellen talks with Tim Canova, a law professor and Fed expert facing off against Congressional Democratic insider Debbie Wasserman-Schultz in South Florida – out West, a State House Representative candidate Pamela Powers-Hannley runs on a platform calling for a public bank to stave off the deteriorating state economy and using inspiration from 100-years ago; and Matt Stannard talks with the award-winning author David Dayen whose new book Chain of Title reveals how a few plucky citizens pushed back against the Goliath of Wall Street mortgage fraud.
Economies are life forces – interdependent systems built upon the facts of life and living. “Life capital” as Ellen’s noted guest Dr. John McMurtry says, is at the heart of true economic reckoning, and money is merely one derivative. McMurtry describes Capitalism as being in a cancerous stage in which it’s being devoured from within by metastasizing greed and self-interest, devouring all living materials in its path. Similarly, we look at the new What Wall Street Costs America project and get specific about how that cancer reality looks in Jefferson County, AL, which declared bankruptcy after buying into toxic interest rates swaps from Wall Street salesmen. One thing though – we also talk about the antidote for that cancer: public banks!
You’ve Been Strip Mined! That’s how Ellen’s guest Les Leopold describes what has happened to the constructive role of capital, such as investment in research and development, expansion and improvement of services and industries. He calls it “economic strip-mining” in which capital speculators like hedge funds strip the equity of companies, countries and consumers to feed their insatiable desire for short term profits - outcomes be damned. We also introduce the new national project and campaign called “What Wall Street Costs America” – the start of a national conversation revealing the massive extraction of public dollars by Wall Street interests. And Matt Stannard reviews presidential politics and bank reform on the Public Banking Report.
Kiss your cash goodbye! The word is that things would be more convenient, crooks would be confounded and diseases might be thwarted if we’d just get rid of filthy currency as the most essential form of personal financial liquidity. Currently circulating in the corridors of world financial powers, it may appear as an enlightened technical step forward to eliminate cash, but is it also a stalking horse for yet another way global bank interests can separate you from your assets? Ellen speaks with renown author and media figure Stephen Lendmen about why this idea is appearing now and what’s happening behind the scenes that’s moving it forward. Also behind the scenes is a huge and stark reality about municipal debt to Wall Street that the Public Banking Institute is targeting in its new project called What Wall Street Costs America. Co-host Walt McRee speaks with PBI’s Matt Stannard on this groundbreaking campaign.
When legislators here and abroad gave power to private bank interests to supply the money for their national economies, it was a thickly-veiled ruse that set the stage for complete debt subjection of all public interests. Our notional national debt levels are the proof. So it is with great interest that we delve back into a continuing legal struggle over the Bank of Canada’s chartered responsibilities for interest-free public investment. We remind you of some simple truths from 12-year old Victoria Grant about the Bank of Canada and Ellen’s guest, Dr. J. Ryan Collins, discusses the policy that foisted a change on B of C’s virtuous history. And as a legal maven himself, Matt Stannard reviews the benefits that reside even in failed legal challenges of this sort.
Perhaps he’s just smirking, as the merged worlds of global finance and transnational government play out their collaborations of control and deception in the name of a new world order they control. Ellen speaks this week with noted historian, economic researcher and journalist William Engdahl about some backstory facts that belie popular news story narratives from mainstream reporters and government authorities. “War is Peace” is just one of those. Later, we revisit another powerful narrative deception rolling our way in the form of the Trans Pacific Partnership as we look at some of its deceptive and unbelievable features with anti-TPP activist Kevin Zeese. And Matt Stannard brings it all home with his insightful observations about how these factors play out in our global climate reality.
People all over the world who just want a fair chance to thrive in their local economies are confronted with the seemingly indomitable, supra-governmental power of global private financial interests. But this hasn’t stopped them from trying – and some are making good progress. Ellen talks with public banking protagonists in Ireland and England about their homeland efforts in the face of deeply entrenched money powers while co-host Walt McRee talks with PA Project Founder Mike Krauss about a breakthrough in their efforts in Philadelphia. And Matt Stannard discusses our universal sense of fiscal vulnerabilities on the Public Banking Report.
Would replacing our commodity-based economic model with one that prioritizes human-interest qualify to be called “Sacred Economics?” That’s the name of a book by Ellen’s guest this week, Charles Eisenstein, a highly popular radical re-thinker of the nature of human economy. Eisenstein observes some of the inherent flaws in our economic thinking and reminds us that we are the ones in a position to create new priorities. And co-host Walt McRee speaks with Santa Fe public banking leader Nichoe Lichen of Banking on New Mexico, which this past week saw release of a very positive city feasibility study that supports creating a new city-owned public bank.
After finally realizing that our economic system is designed to keep us away from the fruits of our labors, citizens will hopefully rise up and start working to manifest the sort of sustainable changes that are truly possible if we work together. Ellen speaks with noted author and co-Founder of the Labor Institute, Les Leopold, about how the market mechanics of inequality have succeeded over the past 40 years and what we can do collectively to bring about real change. She also discusses her latest article about the looming crisis that could be triggered by the new practice of bailing-in depositor money to save failing banks. And Matt Stannard delivers some words about money from the mouths of historical figures.