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.
This past year saw the crossing of financial boundaries and traditions around the world as economic and political events continue to make the monetary horizon an ever-changing realm. Digitized dollars and cash-less societies, global banks overruling national democracies and growing populist demands for economic fairness all help shape a view forward suggesting turmoil and perhaps real trouble for dominant bank institutions -- and hence our own prospects. Ellen speaks with Wolfram Morales of the German Sparkassen savings banks that have taken it on themselves to help preserve the success of local banks around the world. And co-host Walt McRee joins Ellen and public banking commentator Matt Stannard for a retrospective on the year’s financial stories that they thought significant.
Digital currency is destined to change almost everything about our money systems and management. The traditional gatekeepers of credit, and the types of credit issued, are also changing. This week Ellen talks with Scott Smith, an author, financial innovator and presidential candidate who achieved great success in the old mechanics of money but sees a brighter path ahead with simple changes that can do away with income tax and the national debt. Co-host Walt McRee speaks with the CEO of a community-dedicated credit union choosing to leave the business because of harassment from the federal agency that oversees them. And Matt Stannard takes a retrospective look at the past year in public banking news.
As European central banks employ negative interest rates (you pay the bank to keep your money) as well as all-digital currencies that give bankers virtually complete control over your access to it, this question is not silly. What are the bankers really up to? Ellen speaks with co-host Walt McRee about these developments and then talks with evolutionary economist and world-renowned futurist Hazel Henderson about how far afield economics has gone from its practical obligations to serve public interest. Matt Stannard discusses banker logic and negative interest, and common logic about the need for a basic income for everyone.
The deservedly-despised Trans Pacific Partnership is front and center in our discussion this week. Ellen talks with author and producer of the "Secret of Oz" movie Bill Still, who discusses the consolidation of monetary power and the quest for total global control. Co-host Walt McRee talks to one of the central figures leading the public campaign to stop this misnamed corporate coup, Dr. Margaret Flowers, of Flush the TPP.org. And Matt Stannard once again brings the focus back to the moral implications of the pact that have been ignored.
As if the Greek tragedy of Syriza’s thrashing by the European Troika wasn’t enough, we’ve just witnessed direct overrule of a popular vote by the President of Portugal who refuses to accept a resounding public vote for governmental change. “The bondholders must be served!” reflects his declaration and the predicament citizens of the world face in reclaiming control of their money and their governments from Supra-national Finance. This week Ellen talks with Dr.Thomas Marois about how public banking is working despite the anti-democratic developments in other nations of the world and how the future of public banking will depend on social and political movements, and she looks at some of the current monetary issues headlining in the US with co-host Walt McRee. Bernie Sander’s support for postal banking is another headline grabber, as reported by Matt Stannard on the Public Banking Report.