Welcome Guest [Log In] [Register]
Add Reply
Session Overview
Topic Started: Jan 5 2015, 05:48 PM (166 Views)
noel@ips-dc.org
Administrator
"A New Money, Banking and Financial System for a New Economy" NET discussion explores what the proper function of money should be to facilitate the sustainable and equitable utilization of resources to fulfill the needs of people, communities, and nature. This calls for a community-based and democratically accountable system of money, banking, and finance that functions to create and allocate money as a well-regulated public utility.

This NET discussion presents an agenda for ending Wall Street’s disastrous experiment and creating community-based, publicly accountable money and banking system responsive to the needs and opportunities of the U.S. in the 21st century.

In 2008, Wall Street plunged the U.S. economy into the worst crisis since the Great Depression. Wall Street received a generous public bailout and quickly recovered – while Main Street continues to languish.

Politicians and pundits rarely inquire into the reasons for this disparity. Doing so would expose the reality that the U.S. is ruled by a plutocracy, not a democracy, and would focus citizen anger on the structure of the institutional system that gives Wall Street bankers their power.

The 2008 financial crash was a direct and inevitable consequence of a social engineering experiment conducted by Wall Street interests that allowed Wall Street financial institutions to consolidate their control of the creation and allocation of money beyond the reach of public accountability.

For several decades, the priority of the money system shifted from funding real investment for building community wealth to funding financial games designed solely to enrich Wall Street without the burden of producing anything of real value.

We hope this discussion we help stimulate a conversation that leads to strategy that can get us a step closer to the New Economy.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · A New Money, Banking and Financial System for a New Economy · Next Topic »
Add Reply