Ellen Brown: 5 Big Banks Will Survive Next Financial Calamity. Everybody Else Bankrupt. [Solutions Included]

I highly recommend listening to this brief discussion with Ellen Brown below regarding what will more than likely happen when the next contrived financial disaster happens in the near future. Of course, the major central bankers will use the collapse to consolidate power into fewer hands. This doesn’t have to go down like Ellen predicts, and she offers some great solutions worth advocating for… like publicly owned, state banks where our local governments issue interest free money instead of private central banks like the Federal Reserve issuing our money with interest. This is a bipartisan issue. Liberals and conservatives should all be pursuing publicly owned, state banks. It’s in our best self interest! Please review and share.

Ellen Brown: 5 Big Banks Will Survive Next Financial Calamity. Everybody Else Bankrupt. [Solutions Included] http://youtu.be/Ey20x-VlDYQ

When a financial crash does happen, you can forget about getting immediate access to your money. Ellen Brown of The Web of Debt Blog says, “The banks will say, well, we don’t have it. All the money goes into one big pool since Glass Steagall was repealed. They are allowed to gamble with that money and that’s what they do. I think maybe Bank of America is the most vulnerable because of Merrill Lynch. Everybody is concerned, and they do very risky deals and they are on the edge. I think they have over $50 trillion in derivatives and over $1 trillion in deposits. . . The Dodd-Frank Act says we, the people, are no longer going to be responsible for the big banks when they collapse. It is not clear the FDIC will even be able to borrow from the Treasury, but even if they could, who is going to pay that money back? Let’s say they borrowed $1 trillion. Who is going to pay that $1 trillion dollars back? It will bankrupt all the small banks that had to contribute to this premium. They will say we’re raising your premium to everything you got, basically. Little banks will go out of business, and who is going to survive–the big banks. . . . What we’re going to have left is five big banks, and everybody else is going to be bankrupt.”

The latest is called “Big Banks Will Take Depositors Money In Next Crash -Ellen Brown.” The G-20 met recently in Australia to make new banking rules for the next financial calamity. Financial reform advocate Ellen Brown says these new rules will allow banks to take money from depositors and pensioners globally. Brown explains, “It became rules we agreed to actually implement. There was no treaty, and Congress didn’t agree to all this. They use words so that it’s not obvious to tell what they have done, but what they did was say, basically, that we, the governments, are no longer going to be responsible for bailing out the big banks. These are about 30 international banks. So, you are going to have to save yourselves, and the way you are going to have to do it is by bailing in the money of your creditors. The largest class of creditors of any bank is the depositors.”

It gets worse, as Brown goes on to say, “Theoretically, we are protected by deposit insurance up to $250,000 in the U.S. and 100,000 euros in Europe. The FDIC fund has $46 billion, the last time I looked, to cover $4.5 trillion worth of deposits. So, even though we are protected by the FDIC, the FDIC is not going to have the money. . . . This makes it legal for these big 30 banks to take our money when they become insolvent. They are too-big-to-fail. This was supposed to avoid too-big-to-fail, but what it does is institutionalizes too-big-to-fail. They are not going to go down. They are going to take our money instead.”

[And towards the end of this discussion with Greg Hunter, Ellen offers some great solutions to fix these major financial issues. Please see the links below as well.]

State Owned Banks: Fixing the Economy by Ellen Hodgson Brown http://youtu.be/v6Q0YWQdnfU

Ellen Hodgson Brown explains the rationale behind state owned banks. Due to the collapsing credit bubble which in turned popped the housing bubble, leading to recession, and perhaps, economic depression, there is not enough money and credit to keep the economy running. Three possible solutions are that the federal government issue debt-free money directly, that communities create alternate or community complementary currencies, or that a state create its own state owned bank, similar to the Bank of North Dakota. For example, a state owned bank in Michigan could provide credit to the state itself for infrastructure projects, help provide the capital for local banks, so they could in turn provide low interest loans to home owners, small and medium sized businesses, and students. In addition, a state owned bank could be used to help fund state expenses during tough times by providing loans. A major advantage of a state owned bank is that the state could borrow money from the bank at zero interest, for projects, saving between 50% and 100% of the cost of the project, since there would be no interest burden when repaying the loan. For Michigan, California, Florida, and other states looking to solve their economic problems, the state owned bank model, and the Bank of North Dakota in particular, should be studied in depth, as such a bank could provide the credit needed within that state economy during depressions and other tough economic times.

For more solutions to building a better future, please view my Solutions page at jdavismemphis.com/solutions.

Gladio B and the Battle for Eurasia

Gladio B and the Battle for Eurasia

by James Corbett of corbettreport.com and boilingfrogspost.com

‘Operation Gladio B’–the continuation of the old NATO Gladio program–covers a tangled web of covert operatives, billionaire Imams, drug running, prison breaks and terror strikes. Its goal: the destabilization of Central Asia and the Caucasus. In this presentation to Studium Generale in Groningen on November 19, 2014, James Corbett lifts the lid on this operation, its covert operatives, and the secret battle for the Eurasian heartland.

FULL TRANSCRIPT AND SOURCES: http://www.corbettreport.com/?p=12947

Parents Shouldn’t Replace State Propaganda With Their Own Propaganda

As a brand new parent, I thought this recent article below to be well timed and some good advice worth sharing. It reminds me of George Carlin’s Question Everything routine. I definitely want my child to think for himself and question everything.

Parents Shouldn’t Replace State Propaganda With Their Own Propaganda

by Daniel Ameduri aka The Dissident Dad

I want to share with my children everything I’ve learned over these past few years as I’ve abandoned my mental and emotional slavery and embraced personal sovereignty. Defending my children from the lies of statists and oligarchs is one of the most important things I can do as a parent.

However, a healthy concern I have is that I don’t want to merely replace the state. What I mean is I don’t want to eliminate state propaganda and brainwashing and merely replace it with my own equivalent.

My intentions are good as a parent, but I never want to allow my passion and perspective to become the automatic default belief system for my children.

As a dad who is always learning and trying to find his footing in a world filled with increasing levels of madness, I have written down 3 core values for myself as a father that I read aloud everyday:

1. Teach them to think for themselves

2. Respect

3. Learn together

Teaching Them to Think
The temptation to raise fellow activists is definitely there. My son and I even made a Nevada paper a few years ago when we met Ron Paul. Since then, I’ve pushed for common sense thinking lessons, rather than alliances with any one political belief.

I have found using everyday life as learning experiences helps the process. For example, after catching some fish with my son, we had the following conversation.

Me: It’s great that you caught fish. Should we eat them or give them to the neighbor? Because I heard they like fish.

Son: No. I want to eat them (4 years old at the time).

Me: What if the neighbor comes and takes one of our fish? Would that be okay?

Son: No.

Me: If the police came and took a fish, would it be right, then?

Son (after thinking about it for a few seconds): No. That’s my fish. I caught them.

The lesson here is that stealing is wrong. It doesn’t matter whether it’s the neighbor or a cop using civil asset forfeiture.

Respect
Treat other people how you want to be treated. Respect all life; it’s all a miracle.

Show respect to all beings, even the smallest of creatures that typically get stepped on for no good reason, is a virtue that will help children to think before they cause harm. It’s also a great way to view the world. To see violence for what it is – evil.

Learn Together
What a great way to learn… learning with your children. Take them to debates, documentary movies, visit the library together, and interact with people outside your typical comfort zone whenever possible.

Most importantly, follow up on questions you don’t know the answer to. You don’t have to pretend to be the immediate authority on everything just because your child asks you something. Encourage conversations and question everything.

Raising Adults
Ultimately, your kids are going to make their own decisions. Instead of trying to train them to believe what we believe, I’m going to focus my energies on teaching them to think, even when it counters the old man’s beliefs.

http://www.zerohedge.com/news/2014-12-04/parents-shouldn%E2%80%99t-replace-state-propaganda-their-own-propaganda

Also see:

Question Everything by George Carlin http://youtu.be/rdMOcuRyMh4