Public Banking Forum of Ireland Power Point — “The Irish Debt Crisis: Time to Think Outside the Box”


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Cheers to the recently-formed Public Banking Forum of Ireland!  Here is the power point version of several presentations done at their events this week —

Ireland Power Point

Is Homeland Security Preparing for the Next Wall Street Collapse?

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over twenty years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why?

Recently revealed statements by former UK Prime Minister Gordon Brown at the height of the banking crisis in October 2008 could give some insights into that question. An article on BBC News on September 21, 2013, drew from an explosive autobiography called Power Trip by Brown’s spin doctor Damian McBride, who said the prime minister was worried that law and order could collapse during the financial crisis. Continue reading

NYT, Room for Debate — “In Banking, Should There Be a ‘Public Option’?”

The New York Times “Room for Debate” section just hosted a debate called “In Banking, Should There Be a ‘Public Option’?” My oped is here —

Public Banks Are Key to Capitalism

We actually need publicly owned banks for a capitalist market economy to run properly. Banking, money and credit are not market goods but are economic infrastructure, just as roads and bridges are physical infrastructure. By providing inexpensive, accessible financing to the free enterprise sector of the economy, public banks make commerce more vital and stable. Public banking is not a radical idea but has been practiced in the U.S. with excellent results for decades, and around the world for centuries.

Read more here.