On Alternative Visions Radio, Green Shadow Cabinet Secretary of the Treasury, Ellen Brown, is interviewed on her candidacy for California State Treasurer, and during which she and I discuss the public banking idea for California, as well as ‘bail ins’ and ‘Bitcoins’.
Dr. Jack Rasmus welcomes back Ellen Brown to discuss her just announced candidacy for California State Treasurer. Ms Brown explains how, as Treasurer, she would create a California Public Bank, modeled on the existing North Dakota state public bank.
A wide ranging interview covering the advantages of public banking, how it would operate in California to invest the State’s current $54 billion investment fund pool to benefit the people of California, why low cost 1% or less loans to California citizens and businesses are possible, and why recent past proposals for a Public Bank in California got to governor Jerry Brown’s desk and were allowed to expire. The discussion also looks at the likelihood of future ‘bail ins’ in the next financial crisis, where depositors would have their savings confiscated in exchange for worthless bank stock to bail out the banks next time. Finally, are ‘Bitcoins’ ‘digital tulips’ that will eventually collapse but are a threat nonetheless to credit card companies and government tax collectors?
Listen to the interveiw – Here.
I think we need to be real careful about buying into that whole “information superhighway, world wide web” hype. I would especially steer clear of those scam artists who claim they can hook the intertubes up to your cordless phone or even your car phone, invisibly. Yeah, right! I was born at night but it wasn’t last night.
Ooh, is that the “information superhighway” I’ve been hearing so much about?
Maybe someone should share this on the facebook.
This series of tubes known as the “internet” is just a passing fad, of course.
I know, I wasn’t blaming you.
That’s how it was posted on GSC, yes.
Bitcoins in scare quotes? LOL