Can a 99% public bank/credit union "end poverty on earth"?

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tayl44
tayl44's picture

Can a public bank funded by taxes & 99% collateralize labor/skill & their 2 cents, extend a living wage credit to all on earth? (who need it)

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DRC
DRC's picture
Yeah, particularly if we make

Yeah, particularly if we make the 1% obey Say's Law.

tayl44
tayl44's picture
One of our biggest problem is

One of our biggest problem is worry about the 1%,even with these insane people finger on the button to do a postal to the world,we should be focus replacing the "insanity"! 

demandside
demandside's picture
The financial crisis

The financial crisis shattered the rules of the market economy: competitiveness, risk and liability.  Trillions went to the banks who still refuse credit and sit on over $2 trillion,  Private losses were made into public losses.  The state reduced itself to an errand boy for the banks (cf. Moyers and Company).

A state bank where money is spent into existence rather than borrowed from banksters (cf. Polycarp2 and the State Bank of North Dakota) would be a new day in America where trust and public spirit would thrive!

Mending our own pockets and putting the horse (of economic recovery) before the cart (of debts) are marks of enlightened and civilized existence. Learning from the past is a mark of civilization, not of the discredited rightwing fringe.

tayl44
tayl44's picture
I wonder when the 99% will

I wonder when the 99% will get this very civilize "occupy our money" message?