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fix the rotten banks
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<blockquote data-quote="rickyb" data-source="post: 1574638" data-attributes="member: 56035"><p>greece, is having depression levels of unemployment at 28% or whatever. they are being forced by big central banks to take on austerity, a policy which has no historical example of ever working. austerity is pure class war.</p><p></p><p>anyways greece essentially elected the equivalent of the american green party coming into control with a left wing party called syriza.</p><p></p><p>to deal with their economic crisis which the banks mostly caused with their speculation and imprudent lending, the greeks are now talking about nationalizing the banks. there is legislation in america to create national banks, and there is one already for the state of north dakota.</p><p></p><p>a nationalized bank would keeps property and sales taxes, along with payrolls for public employees and pension funds, from lining the pockets of speculators such as Jamie Dimon and Lloyd Blankfein. Money, instead of engorging the bank accounts of the few, is leveraged to fund schools, restore infrastructure, sustain systems of mass transit and develop energy self-reliance.</p><p></p><p>“When a public bank such as the bank in North Dakota funds infrastructure projects <strong>the interest costs, which [otherwise] are often 50 percent or more</strong> of a project, in essence fall to zero because the interest is returned to same people who own the bank and paid the interest in the first place,”</p></blockquote><p></p>
[QUOTE="rickyb, post: 1574638, member: 56035"] greece, is having depression levels of unemployment at 28% or whatever. they are being forced by big central banks to take on austerity, a policy which has no historical example of ever working. austerity is pure class war. anyways greece essentially elected the equivalent of the american green party coming into control with a left wing party called syriza. to deal with their economic crisis which the banks mostly caused with their speculation and imprudent lending, the greeks are now talking about nationalizing the banks. there is legislation in america to create national banks, and there is one already for the state of north dakota. a nationalized bank would keeps property and sales taxes, along with payrolls for public employees and pension funds, from lining the pockets of speculators such as Jamie Dimon and Lloyd Blankfein. Money, instead of engorging the bank accounts of the few, is leveraged to fund schools, restore infrastructure, sustain systems of mass transit and develop energy self-reliance. “When a public bank such as the bank in North Dakota funds infrastructure projects [B]the interest costs, which [otherwise] are often 50 percent or more[/B] of a project, in essence fall to zero because the interest is returned to same people who own the bank and paid the interest in the first place,” [/QUOTE]
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