Why Germany Leads in Renewables: It Has Its Own Green Bank

Posted on January 26, 2019 by Ellen Brown

The Green New Deal endorsed by Alexandria Ocasio-Cortez and more than 40 other US Representatives has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the Green New Deal resolution proposes. It says funding will come primarily from certain public agencies, including the Federal Reserve and “a new public bank or system of regional and specialized public banks.”

Funding through the Federal Reserve may be controversial, but establishing a national public infrastructure and development bank should be a no-brainer. The real question is why we don’t already have one, like China, Germany, and other countries that are running circles around us in infrastructure development. Many European, Asian and Latin American countries have their own national development banks, as well as belonging to bilateral or multinational development institutions that are jointly owned by multiple governments. Unlike the US Federal Reserve, which considers itself “independent” of government, national development banks are wholly owned by their governments and carry out public development policies. Continue reading →

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    1103. Dec. 13, Ramola D. Reports, US/UK news panel #11, with Prof. Tim Canova, et al.

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    1049. Dec. 2, Interview with Jeff J. Brown, China Rising Radio

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    1017.  March 28, interview on Thom Hartmann show.

    1016. March 22, interview with Sinclair Noe, Money Radio 1510 

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    1014.

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    — 2018 —

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    1007. Oct. 31, interview on Real News Network, Student Debt Dogs Millenials for a Lifetime and Drags Down the Economy, https://therealnews.com/stories/student-debt-dogs-millennials-for-a-lifetime-and-drags-down-the-economy

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    1005. Oct 19-21, Bioneers Conference, panelist on Oct 20, 2:45 pm, Marin Center, San Rafael, CA.997.

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    1003. Oct. 17, video interview with Abby Martin, work in progress.

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    1000.  Oct. 9, speaker, State Bank Forum, University of Washington, Kane Hall, 7-9pm http://sdc.wastateleg.org/hasegawa/state-bank/

    999. Oct. 7, panel, Americans for Democratic Action of Southern California Annual Garden Party, 2-5:30 pm, Santa Monica, CA

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    987. Aug. 8, interview with Tom Allen, “This Week in Money”, HoweStreet.com

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    979. May 16, interview with Michael Welch, Global Research, 11 am pst

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    970.  Feb. 28, interview with Ian Trottier, Miami Radio, http://iantrottier.com/, 5:15 pm EST.  Listen here, bit.ly/EllenBrownCA

    969. Jan. 23. 18th National Conference and Global Forum: The Science Business, and Education of Sustainable Infrastructure, Washington DC, panel

    968.  Jan. 20, Interview with Primo Nutmeg https://soundcloud.com/primonutmeg

    967.  Jan. 17, It’s Our Money, 3 pm est–listen here.

    966.  Jan. 17, interview with Valerie Kirkgaard, http://www.wakingupinamerica.com, 2 pm PST

    965.  Jan. 2, Interview withJeff Rense, rense.com, 9 pm PST

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