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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California, June 7 Vote: Decisive For U.S. Political Revolution.

By Jerry Alatalo

Alphabet Tuesday June 7 is the day those Americans voting in their states’ Democratic primaries for either Bernie Sanders or Hillary Clinton decide on the nation’s future. The most important of those states is California, where some 470 delegates are going to become divided between Sanders and Clinton. Depending on the outcome of the voting in California and the remaining states on Tuesday, what has become understood across the country as “The Political Revolution” will either lose or gain momentum.

For voters in California, New Jersey, North Dakota, South Dakota, New Mexico and Montana who still haven’t heard of “The Political Revolution”, the following videos from Bernie Sanders rallies during the 2016 campaign provide very good visual illustrations – and at the same time might make some wonder how it’s possible for Sanders at this point to trail Clinton…

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Thanks to Tom Masuga at YouTube for his video from February 2016 at Eastern Michigan University and the Sanders rally there, in 25-degree weather…

Thanks to Charlie DeLacey at YouTube for filming the lines of supporters at the Bernie Sanders rally in Evansville, Indiana, held in May 2016…

Thank you to doctornerve at YouTube for filming the crowd at the Sanders South Bronx rally in March 2016…

Thank you to Cha Li at YouTube for sharing this remarkable video from the Oakland, California Sanders rally just a few days ago…

Thank you to hecmmontes at YouTube for filming the May 21, 2016 Sanders rally in New Mexico…

Thank you to Big CT at YouTube for posting capture of the long lines at a Sanders rally in Utah from March 2016…

Thank you to accalade at YouTube for recording what it looked like at the Bernie Sanders rally in Tulsa, Oklahoma, and the fine choice of musical cover, on February 24, 2016…

Thank you to jehofit’s channel at YouTube for the video, and moving musical selection, from March 30, 2016 and the Bernie Sanders town hall meeting in Madison, Wisconsin…

There are many more videos from other states around America showing the same levels of support for Mr. Sanders. Those aged 45 and younger have supported Sanders because they’ve chosen to get their news from the independent media over the internet where these videos became published.

Corporate media organizations have suppressed or outright censored the “Political Revolution” represented by these images, so the large percentage of older Americans who get their “news” solely from corporate media aren’t being given anything near the full and truly extraordinary story of election 2016.

Voters in California, New Jersey, North Dakota, South Dakota, New Mexico and Montana might want to keep the images of those long lines of Bernie Sanders supporters in mind next Tuesday June 7 – before making their final decision.