Public Banking Institute’s 2013 conference explains, documents, and proves that economic solutions for deficits, debt, and full-employment are structurally:
- easy to understand and self-evident upon inspection
- easy to implement
- would improve our economy amazingly quickly and thoroughly
- State budget deficits end as state-owned banks create at-cost credit. The US has only one state with increasing budget surpluses: the only one with a state-owned bank.
- State taxes are entirely paid with ~5% public mortgages and credit.
- Trillions in taxpayer surpluses are returned from documented government CAFRs (Comprehensive Annual Financial Report) as at-cost credit replaces rainy-day funds.
- Truth in banking opens debt-free money: US national debt is ended forever, and we have full employment for the best infrastructure we can imagine (documentationhere, here, here).
- Truth in banking and money can open truth everywhere: unlawful US wars can end, poverty can end, trillions of more dollars returned in the broader economy, and even truth from corporate media.
What’s missing for the implementation of these solutions is that our 1% “leaders” will not and can not implement solutions without becoming visible in criminal culpability for having the current system that parasitically transfers literal trillions from the 99%.
Matt Taibbi: “If the public isn’t educated quickly, we won’t have a chance. The current system (of banking and finance) is completely corrupt.”
The solution to this problem is also obvious: prosecute obvious criminals in “leadership” in government, economics, and corporate media for fundamental fraud by lying to the 99% that debt is “money,” and lying in omission by failing to inform that public credit and money would solve all current economic issues. The public costs of this fraud are trillions of dollars, and needed-to-be-estimated harm to millions of Americans and significant totals of deaths. An alternative to criminal prosecution is Truth and Reconciliation.
Please remember: for 18 years I worked with both parties’ “leadership” to end poverty that had full academic agreement, full political agreement on paper, and two UN Summits. The 1990 World Summit for Children was the largest meeting of heads of state in world history, yet even the political organization at that level has been thwarted in policy realization. Poverty continues because the 1% use “leadership” in government and media to take no action and keep their inaction quiet from public attention.
Therefore, while I welcome anyone and everyone to learn whatever details of interest in public banking and monetary reform, I lived the intense learning and work to have appreciable command of the facts inclusive in the areas of ending poverty, I lived the work to help organized political agreement and meetings at the highest levels on the planet, and lived the life-changing defeat of all that work through political, economic, and media interest in competing areas. The 1% destroy democratic civic participation by removing choices from public consideration through their silence, despite obvious public enthusiasm when informed of the facts.
That said, the 100 million families who’ve received microcredit and worked their way out of poverty are surely appreciative of our work. These benefits saved ~100 million human lives, reduces population growth, and according to the CIA reduces the sole statistic most linked to global terrorism (infant mortality).
I see no policy realization in public banking without removal of our criminal 1% with competing interests in living off parasitic debt (full explanation here).
One of the ways to achieve that result is certainly through broad public education, providing choice to legislators of whether they wish to reclaim their hearts with public solutions, and local media and community outreach.
The solutions are here, with only parasites between humanity and their realization.
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