Published by OpEdNews
Yekaterinburg, Russia. BRIC (Brazil, Russia, India and China) leaders during the 1st BRIC summit, June 16, 2009. (Photo credit: Wikipediaby OpEdNews
Globally, 40% of banks are publicly owned, mostly in Brazil, Russia, India and China. By 2040, the ‘BRICs‘ will overtake the G6. Their banks work for the benefit of the public instead of for banksters. In these nations, there is no inflation & no gov’t debt. In the past 24 years,…
A big problem in the USA is the education system and lack of teaching true economics.and history. Most Americans think the Fed is a gov’t agency and there is no alternative. They don’t know who is responsible for and getting rich off of our ignorance.
PS/ or Religion….
I can’t explain it but something tells me that we will have no need or use for banks; government and federal and state police agencies by the year 2018.
Yes, this seems like an excellent way to “democratize” capital, you might say.
There only remains the gigantic question of how to get from here to there without being stopped, diverted, or subverted by the vested interests. If we can accomplish that, much more is also possible.
On the other hand, in all the countries mentioned, there are those who insist that their governments are still corrupt. It would be wise, I think, not to look on the national (or public) bank idea as a panacea, but as an important building block for reform, by which I mean the decriminalization of power structures.
This system has been in effect elsewhere and also outside the BRICS countries.
Hitler, as soon as he came to power, threw out the Zionist bankers and nationalized the Deutsche Staatsbank. No or minimal interest was charged to those that helped rebuild Germany after the devastations due to WW1. The Treaty of Versailles after WW1 was really designed to prevent Germany from getting back at its feet anytime soon.
Hitler managed to balance the books in about two years after that, this while before he came to power Germany was truly in a desperate state…this throws a somewhat different light upon the complex relationship between Zionists and Germans….
Gaddafi in Libya had taken similar measures with the objective to keep the country’s wealth within Libya in order to modernize it and accomplish the incredible water provision project to create the opportunity for Libya to grow its own food….in the desert ! We all know what happened to this unfortunate country that was utterly defenseless against the onslaughts that were unleashed against it by these spiteful bankers and other undesirables.
North Dakota is, i just read somewhere, in excellent financial health due again to its banks being not in private hands. And lastly let’s not forget Iceland.
How come we all seem to be so ignorant ?
It’s the brainwash that, especially in North America has reached epic proportions. Moreover, It is unconscionable that the media can just decide not to inform its North American readers re the Icelandic solution to that country’s former economic problems.
Amen; i have repeatedly tried to contact my so-called rep’s who turn a ‘blind-ear’ to me every time, even as I try to be as diplomatic as possible…and won’t schedule a meeting either.
It’s not just the interst on the usurious “national debt” (which should be reserved for public benefit projects only IMO), …you miss the more/most important point….it’s the PRINCIPLE that the fed generates that the biggest problem…followed by the interest on the national debt of course…as it is now, but should not be. Money creation has always been for the most part by private banks, except for Ben Franklin’s efforts that establisehd the country, and Abe Lincoln’s that saved it if you read a bit. We simply do NOT have monetary sovereignty (nor now sovereignty of nation what with the likes of “citizens united”, oil subsidies, undeclared never ending wars, etc.) Just look up in your copy of the Constitution right next to the computer (it’s there, right?) : art. 1, sec. 8, par. 6 on counterfeiting…that the fed has been doing since 1913 ! ,…and congress has always had the power to rescind, but has not “for some reason”…yell at your congress people as I do constantly, such that they know that I know and now, you know. End the fed, end the national debt as iceland did and jail the guilty bankers….once we get national public referendum like they have…Oh, also look up bank of north dakota, formed as a direct reaction against the fed in 1919, as a public bank…its always been solvent, and by law must give out proper loans. The interest on these loans must be used to make new valid loans, or be given back to the people of the state as tax refunds !….too good to be true ? NOPE, just read/google !
PLEASE SEE http://www.understandingmoney101.com
Yes, John, I see! The article states: “The authority to create money should be the sole prerogative of a sovereign government. A country’s control of its own money supply is tantamount to control of its own destiny. This point is inversely made by Nathan Rothschild, of the Rothschild family private banking dynasty, boasting in 1838, “Let me issue and control a nation’s money and I care not who writes its laws.”
The momentum created by government-issued currency tends to peal away the advantage that privately controlled banks assert in their quest to create a “money supply” though the imposition of debt as Paulo’s commentary implies. I wish this topic was of greater national interest. Something really serious needs to be done with the Banking and Finance “Industry” in the West.
Kind regards,
SaS
Hi.
I am a brazilian and can give you some snapshots about this.
The two major brazilian federal banks are Bank of Brazil (Banco do Brasil – BB) and Federal Savings Bank (Caixa Econômica Federal – CEF). I have personal accounts in both plus Citibank. All taxes, interests and loans are far cheaper in the government banks. Later this year, president Dilma Russef has determined that interests in Federal Banks would be at least half of private banks. Interests in federal banks can go as low as 1,4%/month. Citibank is offering me 5,5%/month, a 1% increment since a year and a half ago. So is HSBC. I suspect they’ve risen their interest rates becaus e their are desperatly in need of money. But they are loosing this battle.
For the first time in many years I can finaly have the hope to be free of debt in tje next one or two years in the worst case scenario, thanks gods and Mrs Dilma.
Cheers.
Brother Paulo,
Would it be possible for you to connect with Jean so that we might be permitted to view your commentary more often? To date, the only other Brazilian to have communicated such important perspective to us was brother Alexandre Melo Franco of Bahia.
It is important for us to understand the mindset of our family in the BRICS nations so that we can connect with them and share their vision. Currently we really don’t have anyone regularly communicating with us from Brazil, Russia, India, or China. Only South Africa.
The information that you gave above, though concise and very short, speaks volumes to the problem discussed in the article. It is this kind of alternative point of view that would help us all to develop a more comprehensive “world view” in the days ahead. And, I’m sure you would agree that this expanded POV is relevant to the change we sense is on the way. Thank you so much for your constructive thoughts; I am grateful that you are our companion on this journey.
Kind regards,
SaS
For me it’s a pleasure to give you any info needed. Just ask =). I think Jean has my e-mail address. Otherwise, anyone can find me at https://almalivre.wordpress.com/sobre_mim/ or at WordPress by the nickname stellarium. =)
Cheers
What We Could Accomplish in the USA with Interest-Free, Government-Issued Currency???
Likely not a lot…why??? because Americans (and I love them) are babies in the woods…