Friday, May 31, 2019

Good News on Public Wealth Creation: California's Public Banking Act Passes California Assembly


Modern Monetary Theory, promoted by Randall Wray and Ellen Brown (among others), promotes state sovereignty in wealth creation with the idea that public banking can promote public infrastructures and social well being.

Why should private actors benefit exclusively from wealth creation?

Public entities can use interest rates from low-cost loans to subsidize public infrastructure, lessening tax burdens for citizens while promoting economic and social security. California is on the path to making this idea a reality:
The Public Banking Act “AB 857” passes the California Assembly! The Public Banking Institute http://www.publicbankinginstitute.org/the_public_banking_act_ab_857_passes_the_california_assembly
The Public Banking Act, “AB 857,” has taken public banking a historic step forward in passing the California Assembly yesterday 41 Aye's to 26 No's. The bill now proceeds to the CA Senate.

Assemblymember Miguel Santiago, the bill's co-author, tweeted “The CA Assembly just sent a historic message to Wall Street banks that we're going to put people over profits - not the other way around.”

California Public Banking Alliance co-founder Trinity Tran tweeted, “This is California’s moment to take the lead in creating a banking option that will strengthen rather than extract profit & resources from our communities.”
Public banking promises positive social transformation. The Green New Deal figures among the many infrastructure project that could be supported with public financing.


RELATED POSTS (Why We NEED Public Banking)

Majia's Blog: Income Inequality in the US Grows

Majia's Blog: Dispossession: Liberalism's Crisis Part III

Dispossession: Liberalism's Crisis Part II

Dispossession: Liberalism's Crisis

Dispossession - Majia's Blog

Neoliberal Government and the Origins of the Financial ... - Majia's Blog

 

12 comments:

  1. Since it is California I will wait and see. " to put people over profits - not the other way around.” If that is true, it will get stuck in the Senate. What I would like to know is what are the Bills flaws?

    ReplyDelete
  2. https://www.commondreams.org/views/2019/05/31/ohio-stumbles-team-trump-nudge-toward-nuclear-and-coal
    Published on
    Friday, May 31, 2019
    by The Progressive
    Ohio Stumbles, With a Team Trump Nudge, Toward Nuclear and Coal
    Defying all laws of competitive economics, climate change, and technological progress, the state House has voted in a ratepayer-funded bailout for two aging nuclear power plants
    byHarvey Wasserman
    4 Comments
    In return for footing this bill, the citizens of Ohio stand to gain obsolete burners that doom their state to dirty air, above-market electric rates, and radioactive danger. (Photo: GuenterRuopp)
    In return for footing this bill, the citizens of Ohio stand to gain obsolete burners that doom their state to dirty air, above-market electric rates, and radioactive danger. (Photo: GuenterRuopp)
    Defying all laws of competitive economics, climate change, and technological progress, the Ohio House has voted in a ratepayer-funded bailout for two aging nuclear power plants on Lake Erie, and two even older coal burners, one in Indiana, but owned by the Ohio Valley Electric Corporation, based in Piketon. According to Politico, a senior adviser to the Trump reelection campaign, Bob Paduchik, pressured at least five members of the Ohio House of Representatives to vote “yes” on the bill.

    If it passes Ohio’s Senate next week, the astonishing multi-billion-dollar public handout will guarantee the Buckeye State a prime spot in the new millennium’s can’t-compete Rust Belt rumble seat

    ReplyDelete
    Replies
    1. Nuclear one in arkansas still in trouble

      https://abcnews.go.com/US/wireStory/record-flooding-levee-breach-western-arkansas-63396078

      Record flooding causes levee breach in western Arkansas

      Delete
    2. Radionuclides emit rays that break dna molecules. The radionuclide radiation causes genetic damage. It causes bone marrow damage. It causes lymph ssystem damages. It damages mitochondrial and nuclear DNA and RNA. It systematically erodes and ruins the immune systems of living organisms.

      The dumn ass nucleoape medical system, of the Nuclear Empire of America ,would not even recgnize Chronic Fatigue Syndrome, Fibromyalgia, as diseases. They are now rampant.

      The american-nucleoape society, will not recognize the link of other immune diseases like sleroderma,
      Lupus, Rheumatoid Arthritis and Multiple sleurosis to the radionuclide poisoning of the world .
      Massive increases in trisomies, genetic disease, cancer, reproductive disease, cardiovascular disease, thyroid disease, developmental disability, mesothelioma, caused by cesum 137 uranium 137 radium, americium, depleted uranium, and all other radionuclides.
      Our genome is destabilized.

      It takes only a few drops of tetrathyl lead injected to mimic alzeimers disease in the brain. Radionuclides accelerate brain deterioration by destroying stem cells in the hippocampus.

      Radionuclides accelerate brain deterioration, by damaging the DNA and RNA of glial and other brain cells, causing the malformation of alzeimers, like plaques in the brain.

      Radionuclides accelerate brain deterioration by accumulating in brain cells like heavy metals and, insidiously slowing down the chemical messaging and delicate enzyme systems in individual brain cells.


      The best way to run a totalitarian society, is to make everyone think they are so free. Aldous Huxley knew it and wrote 2major books about it. Brave New World, was one of them.

      The best way to run a totalitarian society, is
      to convince the denizens from the top-down. From Silver-spoons to McDonalds Emloyees with two jobs. Just brain wash and convinve them, that can get and have anything they want.
      The way to run a totalitarian society is to present an illusion and lie of meritocracy, where
      each person is better and more normal than others . If that does not fit all the way, the elites appeal to the crass moralism. They appeal to the santimoniuous-fundamentalist dogma to supplement the illusions and lies.

      The now completely dystopic Huxleyan-Nucleoape, society , continues to use the same old tricks, to distract people from caring if their bodies are full of radionuclides and their children are suffering so badly.

      People will not not figure it out, or care, because, they embelish the delusion and bubble, they are in chucky-cheese, future world of perpetual denial and stupidity as things grow worse..


      When a fukushima style nuclear catastrophe occurs in america, that will be it for america . That is all there is to it. America is that saturated in radionuclides and chemicals.

      Autism was 1 in 900 before nuclear era. Now 1 in 60. My cousin has autism induced by chromosome damage:Fragile X Syndrome. He was irradiate heavily by the open air nucler tests in nevada in the fifties and sixties, in the womb. The only thing that could cause that kind of genetic and immune damage, are radionuclides .

      Delete
    3. ONE-TWO PUNCH
      The soil, in much of the Midwestern United States, Southeastern USA, and, in the Southern United States is saturated with water. Water from flooding,  this year. That is the way it is now, in May 2019.

      Hate to say it. It is true though. Expect a nuclear accident in the United States soon.

      Trump has deregulated supervision of the 97 old nuclear reactors, in America.
      Sixty of the old, beat-up,  reactors are in flood zones and hurricane zones. The others are so old and decrepit, that any inclement-unpredictable weather, could cause a nuclear accident.

      The soil is saturated from atmospheric rivers of rain, moving in quickly and, dumping their massive loads of water. The atmospheric-river phenomenon has been going on, for more than 10 years now, in the United States.
      Atmospheric rivers of rain that come out of nowhere.

      Hurricanes have grown progresssively worse and more numerous, in the past 10 years .

      A deadly one-two punch of spring floods and later, tropical storms and hurricanes, is upon us again.
      The combination of flooding-saturation and then serial Hurricanes,  cause Mega-Climate- Disasters.  The Climate-Disaters, increase the probability of a Nuclear Accident in the United States.
      We saw it with Hurricane Florence in Carolina,  Harvey in Texas, Maria in Florida and Puerto Rico. 

      Places like Tennessee, Arkansas, Louisiana, Texas, are saturated with water now. The waters of the Atlantic Coast and Gulf Of Mexico are hotter and higher, than they  ever have been. People could not go to the beach, along much of the Gulf of Mexico on Memorial day because, the surf flooded the beaches.  The beaches were flooded, from high winds and storming in the Gulf of Mexico. Similar phenomenon preceded the Horrendous Hurricane seasons, of the past few years.

      When a fukushima style nuclear catastrophe occurs in america, that will be it for america . That is all there is to it. America is that saturated in radionuclides and chemicals.


      Delete
    4. Is Fukushima Doomed to Be a dumping Ground for Japans nuclear and Toxic waste?

      https://www.theguardian.com/environment/2018/mar/16/is-fukushima-doomed-to-become-a-dumping-ground-for-toxic-waste

      Delete
    5. https://mobile.twitter.com/reinharduhrig

      ArneJJ����‍♂️
      @Arne_JJ
      The map shows 80 places in the United States where nuclear waste is currently stored. That's 80 places showing that nuclear power is not clean (link: https://fas.org/sgp/crs/nuke/IF11201.pdf) fas.org/sgp/crs/nuke/I…


      Delete
    6. https://mobile.twitter.com/Arne_JJ


      Klaus Rave
      @RaveKlaus
      ·
      3h
      Still no storage anywhere, still waste being produced that has to kept safely underground for 100000 years ad more, still nuclear weapons threatening world peace: we must not forget that not only #ClimateChange poses a vital risk to mankind but #nuclearreactors, too!

      Delete
    7. Follow
      Reinhard Uhrig
      @reinharduhrig
      Anti-Nuclear Campaigner & campaign director
      @global2000
      Friends of the Earth Austria. Views are my own.
      global2000.atJoined October 2009
      1,123 Following
      1,102 Followers
      Tweets
      Tweets & replies
      Media
      Likes
      Reinhard Uhrig’s Tweets

      This guy is good

      DONT PAY ATTENTION TO CECALI HELPER SHE IS PHONEY SHE IS STUPID SHE POSTS TO GET ATTENTION SHE IS ASSOCIAATED WITH COUNTERINTELLIGENCE VACUOUS POSER

      Delete
    8. Microcarpa is very Devoted
      Microcarpa is devoted
      Microcarpa is from Japan
      Microcarpa sticks her neck out. is not a phoney manipulator operative
      microcarpa
      @microcarpa1
      ·
      May 29
      Replying to
      @reinharduhrig
      and
      @safecast
      Okuma Town is 1 of the 2 hosting communities of #Fukushima Dai-ichi.
      BBC interviewer didn't wear a hazmat suit/a full-face mask.The residents don't,so naturally the foreign TV crew can't do that ?
      Inhale dust��
      May27,High Court judges at Iitate&Namie evac order lifted 2yrs ag

      Delete
    9. Nation with Crumbling-dangerous nuclear reactors, Brideges. and Roads, Excited to build Giant wall

      https://www.newyorker.com/humor/borowitz-report/nation-with-crumbling-bridges-and-roads-excited-to-build-giant-wall.

      There are no races. Humans, rotund, thin short tall can procreate and bear children no matter tehir color or sexual orientation. It takes men and women to do it. Men are not better than women. The tyrants rely on racism, divide and conquor. hate to keep their 99 percent market share .They have become terminally dangerous, as imperial capitalism has entered the critical period threatening more destruction than ever before, with nuclear catastrophe and climate change.

      Charles and David Koch are world tyrants and oil tyrants. They are the most plutocratic tyrants.
      They do not care how many people and children are killed ruined and destroyed because of their lust for power and greed. If if means engineering a society using hate racism, oppression, starvation, miltayism, they do not care. They do not care about destroying central american counties like honduras and guatemala. Destroying venzuela, brazil, bolivia, columbia for their spoils so that million of refugees will pour to the US.
      They use divide and conquer tactics. Same gutterball used by kings and imperialist ruling powers for class divisions. They are forced on their majority subjects.

      Delete
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