The Phaserl


Kindly Ellen Brown Dishes Out Snake Oil as She Runs for CA Treasurer

from The Daily Bell:

From Austerity to Abundance: Why I Am Running for California Treasurer … Governor Jerry Brown and his staff are exchanging high-fives over balancing California’s budget, but the people on whose backs it was balanced are not rejoicing. The state’s high-wire act has been called “the ultimate in austerity budgets.” … There is another way to balance a state budget, one that leads to prosperity rather than austerity. California can stimulate its economy and the job market, restore low-cost higher education, build 21st-century infrastructure, preserve the environment, and relieve the state’s debt burden, by establishing a bank that is owned by the people and returns its profits to the people. –

Dominant Social Theme: If “the people” run central banking everything will be swell.

Free-Market Analysis: If we can do one thing in this life, it would be to expose the economic gobbledygook behind the resurgence of “public banking” economics once and for all.

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2 comments to Kindly Ellen Brown Dishes Out Snake Oil as She Runs for CA Treasurer

  • Stefan

    Whoa, Daily Bell – You are lying,deceiptful, and misleading right from the start. The dominant theme IS NOT: “If “the people” run central banking everything will be swell.” THAT IS NOT TRUE! Ms. Brown is not advocating Central Banking. She is advocating the same thing North Dakota has, which btw, I notice is included with the the reference to copious capital. I had to laugh at that because, North Dakota, sure as shootin pardner, aint gonna have copious amounts of capital, by paying interest to Federal Reserve cabal group banks, who never had the money to loan in the first place!!!

    Bravo, Ms. Brown, you keep thinking with that head God gave you, and let the Daily Bell worship mammon and those who produce it.

  • spore

    I dont see a problem with a state bank competing with a Fed bank. Free market….right? Me as an individual can go to a Fed bank, credit union or a state bank. I like the idea of Choice….

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