Monday, December 17, 2018

Moving the Pendulum - This is Doable

Following the Bush/Cheney 9/11 false flag crimes and the 9/11 wars in Afghanistan and Iraq, Congress voted your rights away by passing three, Bill of Rights busting laws: (a) the USA PATRIOT Act (Yes, Congress “repealed” the Patriot Act. But it was in name only. Now we must work to revise the Freedom Act.) (b) the Military Commission Act and (c) section 1021 of the National Defense Authorization Act of 2012.

This combined with several Supreme Court decisions favoring corporations over humans, and /or giving corporations rights previously only enjoyed by humans with souls, such as allowing corporations and special interest groups to spend unlimited amounts to influence elections. (Please see: Citizen's United vs. Federal Election Commission.)

One step toward rectifying these egregious decisions is coalescing in the Green New Deal.

Not only can wrongs be corrected, the process of doing so can be financed through an end run past obstructionist Republicans and their big, dark money corporate sponsors. It’s a move similar to the one that President Franklin Roosevelt (FDR) pulled off back in the 30s.

Rep. Alexandria Ocasio-Cortez (D-NY) has presented an outstanding way for funding the Green New Deal. The idea worked in the past and it can work now, so says Ellen Brown, JD*, a banking expert who knows a thing or two about banking, the Federal Reserve, finance, and Public Banking. She is the author of 12 books, including best-selling book, Web of Debt, and hundreds of articles.

Here’s the story…

This Radical Plan to Fund the ‘Green New Deal’ Just Might Work, Ellen Brown,, 16 Dec 2018.

“With what author and activist Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by Representative-elect Alexandria Ocasio-Cortez, D-N.Y., appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop. Her plan would give a House select committee “a mandate that connects the dots” between energy, transportation, housing, health care, living wages, a jobs guarantee and more. But even to critics on the left, it is merely political theater, because “everyone knows” a program of that scope cannot be funded without a massive redistribution of wealth and slashing of other programs (notably the military), which is not politically feasible.

“That may be the case, but Ocasio-Cortez and the 22 representatives joining her in calling for a select committee also are proposing a novel way to fund the program, one that could actually work. The resolution says funding will come primarily from the federal government, “using a combination of the Federal Reserve, a new public bank or system of regional and specialized public banks, public venture funds and such other vehicles or structures that the select committee deems appropriate, in order to ensure that interest and other investment returns generated from public investments made in connection with the Plan will be returned to the treasury, reduce taxpayer burden and allow for more investment.”

“A network of public banks could fund the Green New Deal in the same way President Franklin Roosevelt funded the original New Deal. At a time when the banks were bankrupt, he used the publicly owned Reconstruction Finance Corporation as a public infrastructure bank. The Federal Reserve could also fund any program Congress wanted, if mandated to do so. Congress wrote the Federal Reserve Act and can amend it. Or the Treasury itself could do it, without the need to even change any laws. The Constitution authorizes Congress to “coin money” and “regulate the value thereof,” and that power has been delegated to the Treasury. It could mint a few trillion-dollar platinum coins, put them in its bank account and start writing checks against them. What stops legislators from exercising those constitutional powers is simply that “everyone knows” Zimbabwe-style hyperinflation will result. But will it? Compelling historical precedent shows that this need not be the case.”


*Ellen Brown is the founder of the Public Banking Institute and the author of a dozen books and hundreds of articles. She developed her research skills as an attorney practicing civil litigation in Los Angeles. In the best-selling Web of Debt (2007, 2012), she turned those skills to an analysis of the Federal Reserve and “the money trust,” showing how this private cartel has usurped the power to create money from the people themselves and how we the people can get it back.

Harry Belafonte - Man Smart (Woman Smarter) - 1952

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