There are numerous speakers and commentators, authors and economists who are in total agreement about the actions that are needed to set us on a more stable path. People like Nobel prizewinner Joseph Stiglitz former chief economist of the World Bank, Prof Herman Daly also former senior economist at the World Bank, Dr Richard Heinberg scientist and author, Chris Martenson, scientist author and financial analyst, Gillian Tett, assistant editor of the Financial Times and others. Each of these contributors state that a 'Renewed form of capitalism' is required that is not built on independent money provided by private banks. There is agreement that there needs to be a new tax system built on consumption and not on income.
KEYNOTE: Public Banking and the New Economy
Gar Alperovitz, Professor of Political Economy, University of Maryland
OR Choices and Pathways toward the Future
Whilst it is clear that although the majority of people in the Western world are generally oblivious to the realities that are taking place around them, there are still thousands of people who are fully aware and who are attempting to consider the seriousness of the predicament with a view to addressing the situation from the 'grassroots'.
We are all clearly facing a very different future from the world in which we have lived over the past 40 to 50 years. Whilst none of us can make an accurate prediction of what this will look like, we can begin to consider many of the implications based on the information that we have been presented with. We do have CHOICES to make and this means challenging our DEFORMED SYSTEM of CAPITALISM - Establishing a PUBLIC BANKING SYSTEM and demanding genuine DEMOCRACY.
Dr Chris Martenson
Other contributors and speakers at the Public Banking Institute state that little attention has been given to the massive amount of bureaucracy taking place, with governments having been able to cross lines previously unheard of and no one understands what is really going on. The major banks have now been involved in huge and frequent fraudulent schemes allowed through deregulation and what were previously known as' Triple A' security ratings on investments have turned out to be made of straw. Scandals have been at unprecedented levels and there have, so far, been over 16 to 20 major bank scandals affecting between $300 trillion and $500 trillion of public money. Manipulation of interest rates, bond markets and equity markets as well as blatant manipulation in the precious metals markets and others are obvious to anyone who understands what they are looking at. Most people however seem to remain totally oblivious because none of this is really reported in our main media. The money-laundering fraud which took place by HSBC, one of the biggest banks in the world was estimated to be in the region of 1000 million dollars involving drug cartels and over 20,000 murders in the last 10 years. However, there has so far been only one indictment for fraud.
Perhaps the most concerning aspect of all is the fact that governments have indicated that the CEOs of these huge organisations involved in fraud cannot apparently be challenged because their removal and indictment would have massive ramifications to millions of ordinary people and finance across the world.
The term ' to big' to fail must die! We have to move towards smaller and more connected locally-based economies where abusing the system can be challenged. This will require a return to power for the ordinary system in a bottom-up approach and major changes to a deformed democratic system.
Dr Richard Heinberg
The major contributor to the choices that we have available comes from Dr Ellen Brown, founder of the Public Banking Institute. In her book, Web of Debt we find one of the clearest explanations about Money and how our entire Monetary System works with equally clear alternatives. Her book took many years to research and we are given a thorough historic background about our current banking system. She emphasises that publicly owned banking systems were in existence from the time of the Pharaohs in Egypt and that over the years we have allowed a' Parasitic' Banking System to control us.
Brown's latest book Public Bank Solution
provides a detailed understanding of how public banking could replace private bankers and prevent them from earning interest payable from people's taxes by ensuring that such interest finds its way back into the hands of the government. This would enable them to reduce the taxes of the people and aid towards providing funds to meet a variety of public costs including education, welfare and numerous others.
KEYNOTE: Public Banking and the New Economy
David Cobb Presidential Candidate at 2004 Elections
There is a need for people who understand what they are up against - who then decide to take personal responsibility for gaining self knowldge and who then delay gratification so that they can see with eyes Wide Open
History shows that there has always been a huge battle between the Private Central Bankers and Governments that have tried to return the production of money back to the people. In this full length documentary by investigative reporter Bill Still, you will be able to see clearly why this is perhaps the most important issue in the world as he explains the whole history of money and how we could return to a monetary system that does not rely upon debt. The question is - WILL THE PEOPLE RISE UP AND DEMAND IT AS THEY HAVE SO MANY OTHER TIMES IN HISTORY?
A New Monetary system could dispense with debt!!
without a change are we on the road to a complete world monetary collapse?