From LaVern F. Isely
Monroe
To the editor:
The question is - Is money free speech, which the Supreme Court just voted 5-4 in favor? Then the next question is - Are toxic derivatives real money? Because in the last 22 years, they have grown from $5 trillion to $1.2 quadrillion. If the growth of derivatives is going to continue to grow, you can easily see why there will be 11 trillionaires in the next 10 years. Their income growth could be slowed if you decided to tax them, provided you decided to accept worthless currency as real money.
I've read the scariest chapter of any book we've ever read and that is chapter 29 titled "The Ultimate Affront: Bail-Ins, Derivatives and Forced Austerity" of Ellen Brown's book "The Public Banking Solution: From Austerity to Prosperity," which you can get through your local library. It states that the U.S. changed the bankruptcy code in 2005 when George W. Bush was president, and that in a bank bankruptcy, the holders of derivatives have their claim paid before the depositors, who hold CDs, or a savings or checking account, thanks to the bank lobby.
Here are the people who engineered that statement - the IMF, the EU and the ECB, which later was passed by the G20 nations and it was taken out of the hands of the individual countries on the say of their secret meetings of plutocrats. Unless you start to call for the impeachment of some of the politicians who authorized this, this astronomical boondoggle, that has been causing all the class wars around the world, you will probably see the end of the world coming because having more and more wars will not solve the problem of the growing income gap between the rich and the poor. Only open government and media will accomplish this and today we have neither.
Granted, we have some excellent, excellent authors writing books and articles, telling us ways we can get out of our dilemma, which is the only way we can do it without a war. The people will have to do it on their own, by starting to push for state public banking, which is legal, and North Dakota has had public banking since 1919.
The Federal Reserve has completely broken down, which has been led by Alan Greenspan, Ben Bernanke and now, newly appointed, Janet Yellen. Chapter 29 of Ellen Brown's book can be read on my blog sites by Googling my name, along with many other excerpts I've read from great books.
Monroe
To the editor:
The question is - Is money free speech, which the Supreme Court just voted 5-4 in favor? Then the next question is - Are toxic derivatives real money? Because in the last 22 years, they have grown from $5 trillion to $1.2 quadrillion. If the growth of derivatives is going to continue to grow, you can easily see why there will be 11 trillionaires in the next 10 years. Their income growth could be slowed if you decided to tax them, provided you decided to accept worthless currency as real money.
I've read the scariest chapter of any book we've ever read and that is chapter 29 titled "The Ultimate Affront: Bail-Ins, Derivatives and Forced Austerity" of Ellen Brown's book "The Public Banking Solution: From Austerity to Prosperity," which you can get through your local library. It states that the U.S. changed the bankruptcy code in 2005 when George W. Bush was president, and that in a bank bankruptcy, the holders of derivatives have their claim paid before the depositors, who hold CDs, or a savings or checking account, thanks to the bank lobby.
Here are the people who engineered that statement - the IMF, the EU and the ECB, which later was passed by the G20 nations and it was taken out of the hands of the individual countries on the say of their secret meetings of plutocrats. Unless you start to call for the impeachment of some of the politicians who authorized this, this astronomical boondoggle, that has been causing all the class wars around the world, you will probably see the end of the world coming because having more and more wars will not solve the problem of the growing income gap between the rich and the poor. Only open government and media will accomplish this and today we have neither.
Granted, we have some excellent, excellent authors writing books and articles, telling us ways we can get out of our dilemma, which is the only way we can do it without a war. The people will have to do it on their own, by starting to push for state public banking, which is legal, and North Dakota has had public banking since 1919.
The Federal Reserve has completely broken down, which has been led by Alan Greenspan, Ben Bernanke and now, newly appointed, Janet Yellen. Chapter 29 of Ellen Brown's book can be read on my blog sites by Googling my name, along with many other excerpts I've read from great books.
