Wednesday, April 17, 2013

The time is now for the creation of a National Public Bank.

The Obama-loving foundation flower Amy B. Dean is claiming the "far left" and the "far right" agree that the big banks should be busted up.

It is interesting to note that Amy Dean considers Democratic U.S. Senator Sherrod Brown to be "far left."

What a convenient way to write off the ideas of real liberals, real progressives and real leftists by calling Sherrod Brown "far left."

What foundation flower Amy B. Dean is also doing in writing off real liberals, real progressives and real leftists by calling Sherrod Brown "far left" is writing off what many of us liberals, progressives and leftists propose as the solution to the banking crisis brought on by corruption and a collapsing international capitalist economy--- nationalizing the entire banking industry by bringing the banks under public ownership.

Foundation flower Amy Dean and her "far left" buddy Senator Sherrod Brown--- along with conservative George Will and a bunch of right wing members of Congress--- propose busting up the banks in the way "Ma" Bell Telephone was "busted up: "bad for workers and bad for consumers and bad for society.

Ma Bell should have been nationalized and brought under public ownership; not busted up into uncontrollable and unmanageable rackets now ripping off consumers and driving down the standard of living of workers employed in the industry.

What we need is a National Public Banking System similar to the State Bank of North Dakota with corresponding State Banks as proposed by our friend Virg Bernero during his campaign for Michigan Governor.

United States Postal Outlets could become the branch offices along with automated banking machines in all public facilities and everyone would have convenient access to banking through their home computers. This is not some kind of sci-fi dream; in the United Kingdom the private banking industry is already operating this way through their postal system so there would be no problem with a public banking system providing the same kind of services.

I addition, we would be getting a handle on the real wealth created by workers now being horded by these Wall Street banksters and financial parasites.

We simply don't need these "money managers;" put them to work at a teller window in the United States Post Office or put them in jail where they really belong.

It would be foolish and stupid to bust up the banks and create even more of these crooked and corrupt banksters and allow them to feed like parasites of the wealth created by workers as they manage an expanding corruption of their creation of our political and economic system.

Union pension funds, Social Security, Rail Road Retirement, veterans and unemployment benefits as well as food stamps and Medicare/Medicaid and all kinds of government funds could be the financial foundation for a National Public Banking System--- why would we want to bust up the banks making it even more difficult to gain control over the wealth created by the working class?

To begin with, Congress should pay back the more than three-trillion dollars it has stolen from the Social Security Trust Fund--- this public capital could then be used to build a National Public Health Care System and a National Public Child Care System and unlike the money stolen from the Social Security Trust Fund which these "far right" and "far left" Republicans and Democrats have squandered on wars for which we get not one single penny in return, "we the people," would at least be left holding two universal social services of benefit to everyone instead of the body count from wars.

The "Peace Dividends" derived from electing a real liberal, progressive and left electoral coalition backed by a "People's Lobby" bringing an end to these unending dirty imperialist wars being waged in our name and paid for by our tax-dollars and the blood of so many innocent people in other lands would constitute the largest deposit in the National Public Banking System which could then be used to fund everything we know we need as a people for the benefit of society instead of using tax-dollars trying to bolster and salvage the "free market economy." 

Let Amy B. Dean and her fellow foundation flowers wilt on the stem so we can pick off the dead-heads and properly dispose of the diseased seeds so they don't get carried off by corrupt political winds like Monsanto's genetically modified seeds.

If we as real liberals, real progressives and real leftists begin to advance these kinds of ideas and organize for real change we will grow a political and economic system worthy of being branded as "democracy."

A National Public Banking System will pave the way for a real "people's recovery" from this economic mess Wall Street has saddled us with that is wreaking so much havoc in the lives of working people.

Wall Street gives us the shaft while shoving austerity measures down our throats--- thus making huge profits each way using the private banking system to carry out its reactionary agenda.