The Public Bank Option – Safer, Local and Half the Cost

If Phil Murphy wins the New Jersey governorship and succeeds in establishing a New Jersey state-owned bank, expect a wave of public banks to follow, as more and more elected officials come to understand how banking works and to see the obvious benefits of establishing their own.

WEB OF DEBT BLOG

Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow.   

A UK study published on October 27, 2017 reported that the majority of politicians do not know where money comes from. According to City A.M. (London) :

More than three-quarters of the MPs surveyed incorrectly believed that only the government has the ability to create new money. . . .

The Bank of England has previously intervened to point out that most money in the UK begins as a bank loan. In a 2014 article the Bank pointed out that “whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”

The Bank of England researchers said that…

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Former Qatar Prime Minister Drops Global Bombshell.

By Jerry Alatalo

he former Prime Minister of Qatar’s recent interview has gone viral after his revelations about U.S., Saudi Arabia, Qatar and others’ state-sponsorship of mercenaries, engaging in the (March 2011-present) military overthrow of Syrian President Bashar Al Assad.

Analysts James Jatras and Michael Lane engaged in an absolutely astounding back-and-forth on the explosive revelations by the former high-level Qatar official. Ex-Prime Minister Hamad Bin Jassim spoke openly during a recent interview, where he described the covert attempt to overthrow the Syrian leader as akin to “hunting prey”.

During the following debate on Press TV, James Jatras conveyed his prediction that no U.S. media outlet will be reporting on the Qatari leader’s public statements clearly indicating a scandal of epic, historic proportion. It remains to become seen if Mr. Jatras’ prediction is going to prove true – that no Western media will touch the report – despite the story going viral across independent media via the world’s internet.

Now the question becomes:

Will anyone become held accountable at the International Criminal Court?

Statement by MR. ALFRED-MAURICE DE ZAYAS: Seventy-second session of the General Assembly

Mr. Alfred-Maurice de Zayas delivered an outstanding, timely and important statement to the 72nd Session of the United Nations General Assembly.

Alfred de Zayas' Human Rights Corner

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Statement by MR. ALFRED-MAURICE DE ZAYAS

Independent expert on the promotion of a democratic and equitable international order

Seventy-second session of the General Assembly

Item 73 (b & c)

NEW YORK

18 October 2017

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Distinguished Chair,

Excellencies, Ladies and gentlemen,

This is my sixth and final report to the General Assembly in my function as Independent Expert on the promotion of a democratic and equitable international order.

The report responds to the invitation contained in General Assembly Resolution 71/190[1] “to continue [my] research into the impact of financial and economic policies pursued by international organizations and other institutions on a democratic and equitable international order, in particular by the World Bank and the International Monetary Fund”. While my report to the Human Rights Council, presented on 13 September 2017, focuses on the policies of the World Bank Group, the present report to the General Assembly is devoted…

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