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.
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.”
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ohn Titus’ new documentary film “All the Plenary’s Men” exposes the criminal strategies and operations of the Bank for International Settlements in Basel, Switzerland. The title was likely chosen by the filmmaker to rhyme with, and have the same impact on society as, the Watergate-focused book by investigative journalists Bob Woodward and Carl Bernstein – “All the President’s Men”. Watergate – in the view of attorney Daniel Sheehan – occurred relative to Richard Nixon’s fears that the Democratic National Committee had information showing President John F. Kennedy was murdered in broad daylight by entities, specifically a hand-picked team of hired assassins, inside the U.S. “deep state”
THE ONENESS of HUMANITY 