On: "Colonization by Bankruptcy: The High-stakes Chess Match for Argentina" and More

Ellen Brown is closing in on getting it. She only has a minor hangup regarding interest, per se. Even if the Public Bank returns it to the people's government or system that isn't about the elites, it remains not only unnecessary but subject to Michael Hudson's critique of the interest-system.

Ellen Hodgson Brown

Ellen Hodgson Brown

As much as I admire Ellen (and I do), Ellen wants to leave the decisions in the hands of commercial bankers working with the Public Banks she envisions. I want the decision making moved to the people as directly as possible: grassroots up.

Colonization by Bankruptcy: The High-stakes Chess Match for Argentina | WEB OF DEBT BLOG.

I've been having a closed discussion/debate with several MMTers (Modern Money Theorists), some of which I've posted previously: Modern Money Theorists Need Instructional Videos!

In that discussion, I've brought up Public Banking, interest-free United States Notes, grassroots democracy replacing the commercial-banking system, a new monetary authority replacing the current Federal Reserve System, and a number of other topics.

When I get more time, I'll try to update the blog with my side of the conversation.

I'd post the whole thing, but as I said, it's a closed discussion. I haven't and won't be revealing the names of the participants without their prior written approval.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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