WEALTH AND MONEY PART VII: PUBLIC BANKING AT THE CITY AND LOCAL LEVEL

Saving banks at any cost, making the public pay the price, foregoing a firm commitment to reviewing and reforming the entire system, only reaffirms the absolute power of a financial system, a power which has no future and will only give rise to new crises after a slow, costly and only apparent recovery. The financial crisis of 2007-08 provided an opportunity to develop a new economy, more attentive to ethical principles, and new ways of regulating speculative financial practices and virtual wealth. But the response to the crisis did not include rethinking the outdated criteria which continue to rule the world. - - Pope Francis - June 2015 Encyclical ...

WEALTH AND MONEY PART V: THE FEDERAL RESERVE BANK

“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” - - Abraham Lincoln "We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is because it says “Federal Reserve.” It belongs to private banks, private corporations. So we have farmed out to the Federal Reserve Banking System - that which is owned ...

WEALTH AND MONEY, PART IV: THE CREATION OF MONEY AND DEBT

The prescient fears of Jefferson and Stamp have come to fruition. In America and around the world, governments are crippled with debt. Nation upon nation is said to have overspent and now must pay the price.

WEALTH AND MONEY, PART III: PHYSICS VERSUS MONEY

Imagine yourself an intergalactic traveler visiting Earth. You land in a place called America and notice the crumbling infrastructure. You wonder, “Why would a people who had built such magnificent highways, bridges and airports allow them to fall into such disrepair?” You question: “Does America have sufficient cement, sand and gravel to rebuild its infrastructure? Yes. Is there adequate structural steel and other needed materials? Yes. Is there construction equipment? Yes, it sits idle. Is there fuel for the equipment? Certainly, America currently exports energy. Do Americans have the knowledge? They’ve built roads, bridges and ...

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