Charles Eisenstein on “It’s Our Money”

eisensteinEllen joins her daughter Jamie Brown in interviewing Charles Eisenstein, a highly popular visionary re-thinker of the nature and future of economics. The author of “Sacred Economics,” Eisenstein shares insights into some of the core flaws in our economic thinking and helps us to see that we have the power and the responsibility to choose the priorities of the system we want. Co-host Walt McRee also speaks with Santa Fe public banking leader Nichoe Lichen of Banking on New Mexico, which saw the release this past week of a highly positive  feasibility study supporting the creation of a new Santa Fe public bank. Listen here.

3 Responses

  1. from Dr. Anthony Horvath, author of
    ”CAPITALlessISM, a Macro-Model for a national E-conomy”
    yes the Citadel is breached …. Thank god. But as ‘’…the walls of Jericho did not crumble under sophisticated war-machines, but under the effect of the sound of simple trumpets…..’’ the same way the walls of the impregnable fort of the FED will be cracked only by the increasing sound of public opinion. … to the fact that the ‘’MONEY CREATION PROCESS OF A NATION (FRACTIONAL RESERVE BANKING)’’ IS A NATIONAL RIGHT and not an exclusive private privilege of the FED. This money creation process is a true national prerogative the same as national resources like air, water, airspace and the public road systems. Every person, institution or company can only conduct FULL MONETARY RESERVE business practices, only banks obtained an exclusive privilege to create money (with fractional reserve banking practices to the rate of over one hundred dollars for only one in the reserve). So, don’t try to issue cheques without sufficient funds …… but banks can???!!!

    So the solution to the ailing economy is the national re-appropriation of this ‘’fractional reserve banking rights’’ by the government… and create truly NATIONAL PUBLIC BANK to administer under the parliament. …. NO… NO … do not nationalize banks as some leftists advocate it. Absolutely not, under the coordination of this NATIONAL PUBLIC BANK franchise out to private banks, sharing the newly created capital with the nation.

    Actually, this ‘’ludicrous idea’’ to declare ‘’FRACTIONAL RESERVE BANKING RIGHTS a PUBLIC PROPERTY ADMINISTERED DIRECTLY BY A CENTRAL PUBLIC BANK with THE GOVERNMENT has been brought up recently in Iceland, by Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report today that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately, Parliament. ‘’Iceland Stuns Banks: Plans To Take Back The Power To Create Money’’ By Raúl Ilargi Meijer, Global Research, April 13, 2015.

    So the RISE IN THE PUBLIC OPINION for these solutions is the key for breaching the walls of the financial Citadels and arrive to some cooperation with the government.
    Thank you for your comments.

  2. Interesting discussion with Eisenstein. His economic philosophy recommends Henry George’s Land Value Tax and Silvio Gesell’s tax on money.
    I have a similar philosophy which I arrive at via the starting point of “natural rights”.
    Money when conceived of as a public utility rather than debt created by private bankers can be thought of as loaned out by the state for private use at interest. Rather than making individual loans without 100 percent backing (today’s system) a Gesellian tax or publicly collected negative interest rate would act as if money itself was loaned out by the public for private use by everyone.

  3. Ellen,I’ve been following your work for a long time,thank you.I’m reading your articles on Global Research.The article on weed has prompted me to write you.I read the book “Hemp Horizons”.It talks about alcohol as well. It states that before prohibition,farms had stills and ran their tractors on grain alcohol. After prohibition they had to buy diesel fuel.Follow the money.Thanks again for all your great work. Blues Man Hal

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: