You are here

Hot off the press: The Public Bank Solution

Many who rightly oppose of the ongoing theft of humanity's wealth by the global elites, foremost amongst them, the private bankers, are apparently unaware of just how fragile is the power of the private bankers. As Ellen Brown has shown in the The Web of Debt of 2007 (see web-site), any sovereign government, with the will to do so, could easily safeguard its national economy against the financial economic ravages that much of the world has endured for several centuries. Ellen Brown's The Public Bank Solution, only just released, shows how no sovereign country need ever suffer an economic recession. Order here. Kindle edition also available.
Also available from Amazon: Demography, Territory & Law: The Rules of animal and human populations in print or on Kindle, The Final Energy Crisis, 2nd Edition in print by Sheila Newman.

See also: The Crime of Alleviating Poverty: A Local Community Currency Battles the Central Bank of Kenya of 26 June 2013 by Ellen Brown, Depositors Beware: Bail-In Is Now Official EU Policy of 5 July 2013 also by Ellen Brown.

Whilst humanity will still have to deal with other serious challenges -- the devastation of the world's natural habitats, the overconsumption of the earth's finite non-renewable natural resources, the threat of global warming, and, of course, geo-political threats such as the United States' current proxy terrorist war against Syria -- our hope of being able to meet those challenges would be so much better if we didn't have financial crises, needlessly inflicted upon us by private bankers, hanging around our necks. The following has been copied from the Public Bank Solution (http://publicbanksolution) web-site:


WHAT WALL STREET DOESN'T WANT YOU TO KNOW

Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. Nearly all money today is simply bank credit. Economies run on it, and it is created when banks make loans. The main flaw in the current model is that private profiteers have acquired control of the credit spigots. They can cut off the flow, direct it to their cronies, and manipulate it for personal gain at the expense of the producing economy. The benefits of bank credit can be maintained while eliminating these flaws, through a system of banks operated as public utilities, serving the public interest and returning their profits to the public. This book looks at the public bank alternative, and shows with examples from around the world and through history that it works admirably well, providing the key to sustained high performance for the economy and well-being for the people. Order here.

Reviews

Ellen Brown has written what will become one of THE most important books of our time. She eloquently educates us on how the democratization of money is the very foundation of a free society. Ellen brilliantly shows how money can be the current or currency that facilitates the spiritual experience of manifesting our collective intentions for a better world. Her book is an absolute game-changer and a must read for all those interested in having a world that works for everyone. Buy it, read it, and tell everyone you know to do the same.

-- Lynne Twist, author of The Soul of Money and Co-Founder of the Pachamama Alliance

This is a must read! Ellen Brown is the leader of the public banking movement and this masterful work is certain to become the go-to book for anyone interested in transcending the speculation-driven global financial system—and helping lay sound foundations for the fast-emerging New Economy.

-- Gar Alperovitz, author of What Then Must We Do?, Lionel R. Bauman Professor of Political Economy at the University of Maryland and CoFounder of the Democracy Collaborative

Brown has done it again. The Public Bank Solution follows her Web of Debt, a brilliant analysis of privatized banking, how it has usurped the money creation power, and how we can get it back. Public banking is the antidote to corrupted, dysfunctional privatized banking, the way forward for sustainable long-term growth and prosperity. The Public Bank Solution explains an idea whose time has come.

-- Stephen Lendman, talk show host, author, How Wall Street Fleeces America

More reviews from amazon.com

The Public Banking Solution: From Austerity to Prosperity - Ellen Brown,

This review is from: The Public Bank Solution: From Austerity to Prosperity (Paperback)
Brown's book is another major contribution. It comes at a critical time. It follows her "Web of Debt." It's a classic. It's a brilliant analysis of privatized banking, how it usurped money creation power, and how we can get it back.

"The Public Bank Solution" explains more. Money power in private hands assures speculation, booms, busts, inflation, deflation, instability, crises, recessions, depressions, deprivation and despair. Public banks work as intended. Inflation-free prosperity follows. It's a "practical, proven approach." It works the same way everywhere. History reflects it. It's the antidote to corrupted, dysfunctional privatized banking.

Brown's done it again. "The Public Bank Solution" is a major work. It's must reading. It explains an idea whose time has come. It's the way forward for sustainable longterm growth and prosperity. Besides peace, equity and justice, what better idea than that.

-- also by Stephen Lendman, 18 June 2013

Another fantastic book from Ellen Brown, June 17, 2013

This review is from: The Public Bank Solution: From Austerity to Prosperity (Paperback)
This is another fantastic book from Ellen Brown, and a superb sequel to her Web of Debt. It is a "must read" for everyone who realizes that we need to move on to something better than our present financial system. It shows us that there is another approach out there,a totally proven approach that serves people and the real economy rather than the banks,one that we ignore to our peril. We need a better-ordered society, and this books shows us the main step we must take to build it. At the same time it is a delightful read and a real education--full of fascinating information that frees us from the dismal NWO concocted, war-and-austerity, corporation-serving mindset.

-- S Hudson, 17 June 2013

An Answer to Wall Street's "Too Big to Fail"

This review is from: The Public Bank Solution: From Austerity to Prosperity (Paperback)
Ellen Brown's latest book harnesses the knowledge about the inner workings of national monetary policy that readers of Web of Debt, her first book, would expect. But this book sweeps the world's experience, diving deep into history and cultures, sharing a variety of responses to the self-defeating game being played out on Wall Street. If you've ever wondered why money has to be so scarce and hard-won for those very things we care most about, read this book. It clearly doesn't have to be this way. Public banking, or banking in the public interest, is an important counterbalance to today's winner-take-all monetary mentality. Brown doesn't suggest that another kind of banking is the only needed solution, but she surely provides inspiring possibilities for Americans re-envisioning finance at the most fundamental level. It's the sort of thinking that can only be done outside an American blind-spot, induced by the Washington Consensus owned by those in power. Brown's legal mind pays attention to the details, and she welcomes us to a quiet and thoughtful evolution, powered by knowledge of how money works and why.

-- Gard Diamond, 22 June 2013

AttachmentSize
Image icon PublicBankingSolution.jpg61.92 KB
Image icon EllenBrown.jpg11.04 KB

Comments

The privatisation of the Commonwealth Bank by the Hawke/Keating 'Labor' governments, which commenced in 1991 and was completed in 1996, was never put to voters during the elections of 1990 and 1993. Indeed, none of the many other government sell-offs of state banks, state government insurance offices and other wealth generating-assets and infrastructure and services which occurred in Australia since the 1980's was ever put to electors, except the one occasion.

New South Wales Voters repudiate privatisation in 2011 elections

That occurred at the New South Wales (NSW) state elections of 2011 after the successive state 'Labor' governments of Premiers Bob Carr, Morris Iemma, Nathan Rees and Kristina Keneally had attempted to flog off the state's electricity generators against fierce opposition from the NSW community, trade unions and rank-and-file Labor Party members and members of the NSW upper house of Parliament. At the 2011 the ruling Labor Party was trounced and Liberal Leader Barry O'Farrell, who had maintained a principled opposition to privatisation was elected a Premier.

Public banking would be offered to electors in a truly democratic election

Voters are entitled to be offered an opportunity to reverse the grave harm that was done to their interests in recent decades without their consent, partcularly bank privatisation. For the new Federal government to reverse bank privatisation, it would require far less effort and political fight than what it would take to reverse the other privatisations. As an alternative to nationalisation and re-nationalisation, private banks a government bank could be set up. This would immediately break the private banking monopoly. Thereafter open competition by open and accountable public accountable public banks, run by dedicated pubic servants would, at the very least, make it impossible for private banks to continue to impose crippling charges and impose high interest.

The public bank could also be given the right to print sufficient legal tender to enable the real wealth produced by the Australian economy to be circulated. This occurred in the American colonies in the 1770's in the days of Benjamin Franklin and those economies flourished as described in Ellen Brown's "The Web of Debt". However, after the victory of the American revolution, the private bankers were, paradoxically, able to, behind the backs of the American public, take away their right to print legal tender. Since then, a number of American Presidents including Lincoln and JFK have tried to reverse this and break the power of the private banks, with tragic consequences for those two at least.

It remains to be seen if any of the candidates contesting the forthcoming Australian Federal elections, whether standing for either of the major parties, the Greens, other minor parties or as independents, will offer that choice to voters. Where they do, we will certainly make it known to voters on the pages of candobetter.

Permit me an impertinent question (or three).

Suppose a small group of extremely wealthy people sought to systematically destroy the U.S. government by (1) finding and bankrolling new candidates pledged to shrinking and dismembering it; (2) intimidating or bribing many current senators and representatives to block all proposed legislation, prevent the appointment of presidential nominees, eliminate funds to implement and enforce laws, and threaten to default on the nation's debt; (3) taking over state governments in order to redistrict, gerrymander, require voter IDs, purge voter rolls, and otherwise suppress the votes of the majority in federal elections; (4) running a vast PR campaign designed to convince the American public of certain big lies, such as climate change is a hoax, and (5) buying up the media so the public cannot know the truth.

Would you call this treason?

If not, what would you call it?

And what would you do about it?

ROBERT B. REICH, Chancellor's Professor of Public Policy at the University of California at Berkeley, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the last century. He has written thirteen books, including the best sellers "Aftershock" and "The Work of Nations." His film, "Inequality for All," will be out in September. He is also a founding editor of the American Prospect magazine and chairman of Common Cause.