Ever notice that regardless of what additional level of public suffering is required, payment of bank debt by governments transcends all. Debt is the mechanism by which private capital interests retain and control power over public interest and prospects, which is why creating public banks is so important for our cities, counties and states. This week Ellen talks with a renown and prolific contributor to the public discussion, Stephen Lendman, to take a look at how the new administration fits in with the interests of the global financial regime. And co-host Walt McRee talks with Donald Cohen of In The Public Interest which now reports weekly on the trend of privatizing public assets that enrich private interests.
As public physical assets deteriorate the world over, profiteers and corporatists are anxiously positioning themselves to profit from their bursting new markets of imminent demand. If you’re a government trying to serve those needs but don’t have a reliable source of affordable funding, like your own public bank, you’re stuck with the scalpers. Bridges aren’t the only failing civic infrastructure – banking is too. Fortunately, public banks can fix them both.
When three catalytic change agents, Bernie Sanders, Ralph Nader and Michael Hudson, agree that public banking is the way to go, you want to go there! This week’s “It’s Our Money with Ellen Brown” does just that by looking at why one of America’s most prominent public officials, an anti-corporate national icon and “the world’s best economist” are new passengers on the public banking train heading to “Change, USA.” All aboard!