The problem with this argument is that banks don’t care if they lose deposits.  Deposits are a liability on the balance sheet of a bank.  Now if you really want to bother a bank, move your loans to another lender.  Then the bank loses and asset.

By terry p, November 27 at 8:20 am

——:
Ellen Brown has been lecturing about a “Public Banking System” for years. Finally people are paying attention! Thanks Amy Goodman!

Ellen Brown’s primary goal was the same as first demand of Occupy Wall Street. That is to nationalize the Federal Reserve which is now in the hands of a cartel.

Amy Goodman reported this above:
—“Just after the financial crash in late 2008, activists in Oregon started looking into the creation of a state bank, modeled after the only state-owned bank in the United States, in North Dakota. The cities of Portland and Seattle are now looking into shifting their massive municipal accounts away from the Wall Street banks. According to one report, Bank of America may lose upward of $185 billion from customers closing accounts.”—- You can add several other states who are seriously considering a State owned Public Banking System including California. Imagine California with all the State owned assets (many billions worth) to back up a public banking system - just a public utility not a casino. Their dependency on Banks too big to fail would evaporate over night. And what an example for the nation to follow?!

Read “The Web of Debt” and visit http://publicbankinginstitute.org/for more details. Ellen Brown has been researching banking history since her college days in the 1980s. She is presently a lawyer in California and the founder of Public Banking Institute.

tp:?)——

________________

I feel the exact same way terry p!!!

Syn:?]

arr: ... will provide the antidote to the anti-Haiti propaganda that you’re spewing.

I am pleased to see that my opinion has sprung a leak in your spleen.

The facts hurt, don’t they? Haiti is a basket-case and that is largely due to the Haitian Plutocrat class (both in Haiti and in the US).

It is a pitiful shame what they have done to the country - they should be thrown out and the work of developing it put in the hands of competent people from other French-speaking Caribbean countries.

It is not Mission Impossible if given to competent hands to run and demonstrate how a functional state is managed. But, first, get rid of the clowns presently in place.

Mark my words: In a year’s time, even with the newly elected President, Haiti will remain the basket-case it is today.

Don’t say you were never told ...

Once Glass-Steagall was repealed and at atmosphere of deregulation, it was only a
matter of time before improper practises and outright malfeasance became
rampant.  Re-regulate and enforce the regulations; it worked before and could
again.
http://borderlessnewsandviews.com/2011/10/another-big-bank-heist/

Lafayette, I found your post to be very sound thinking.

Lafayette: You’re either completely misinformed (which in this case you know only what the mainstream media has told you; but then, hear you are) or else a trouble maker. I’m only responding for the benefit of other readers who may think you’re right about Haiti. Any number of alt media sites, including this one, that carry articles (and links) about what has been done to Haiti by powerful corporatocracy states, including it’s main player, uncle Sam, will provide the antidote to the anti-Haiti propaganda that you’re spewing. I care about Haitians and all victims of U.S. imperialism. Most of the planet is a victim of that aggression actually.

I guess you either notice and consciously want to be on the winning side (in the 1% vs 99% battle that never was necessary; although some on the Left take issue with that slogan/description) or else you notice and despair. It’s a free universe. I’ve chosen to despair, because it means staying human.

We mod ourselves at our own peril. Those who mourn the sick state of the world can feel happy, in a manner of speaking. We can feel happy that at least we don’t deserve the punishment that law and order governments, who take moral support from the belief that Darwin justifies their predations, mete out to us. (It’s the Devil who leads them, however. Darwin actually believed in God.) And we can have hope that there is a God who will right all of this in the end, as he has promised to do, since the 1% not only has all the wealth and privilege etc, but all the force as well. If there isn’t a God? Then you win. We’ll see, Won’t we?

I don’t believe that the 99% can achieve victory. They’ve let things slide too far. No one wins, without divine intervention. Scientists tell us how much more carbon we can spew before we pass the point of no return. Capitalists tell us that they don’t intend to do what the scientists say they need to do in order to not pass that threshold. And who can tell the corporatocracy what to do? Who can do battle with the wild beast?

AN ASIDE POST FOR HAITI

That was Jean-Bertrand Aristide, ‘not’ the U.S.‘s choice for president in Haiti.

From WikiP:

On March 17, 2011, Aristide departed for Haiti from his exile in South Africa. U.S. President Barack Obama had asked South African President Jacob Zuma to delay Aristide’s departure to prevent him from returning to Haiti before a presidential run-off election scheduled for Sunday. Aristide’s party was barred from participating in the elections, and the U.S. fears his return could be “destabilizing”. On Friday, March 18, 2011, he arrived at Port-au-Prince airport, and was greeted by thousands of supporters. He told the crowd waiting at the airport, “The exclusion of Fanmi Lavalas is the exclusion of the Haitian people. In 1804, the Haitian revolution marked the end of slavery. Today, may the Haitian people end exiles and coup d’états, while peacefully moving from social exclusion to inclusion.”

It seems that your post is just a bit partisan.

Certainly, the “mainmise” (hegemony) of the business- and property-owner classes in Haiti seems never to loosen. But the presidency of the US, Obama or otherwise, is faced with the problem of a country that is chronically unable to install and run an effective democracy or even basic Public Services.

Frankly, the country is and has been a “basket case”.  It is not understandable why western nations are trying to implement a concept of justice and democracy in a country without even a grounding in such notions. 

I submit that this is due to a very high level of poverty and illiteracy. It will take at least a decade or more such that both poverty be alleviated and illiteracy eradicated. Haiti also has a birth-control challenge because of its over-population.

My solution: The country adopts French tutelage for a period of 15 years. Whereupon French officials from other Caribbean Dom-Toms (which are French territories, like Puerto Rico is to the US) are established to run a French-style bureaucracy, whilst training the Haitian people in the art of running of a government (Interior Minister, Finance Minister, Health Minister, Education Minister, etc.)

Note that the French Dom-Toms are run largely by the indigenous populations of those places.

Perhaps even adopting a French constitution and its basic laws. (Which have very strong human-rights provisions.)

The French Dom-Toms evolved in this manner and have one of the highest standards of living in the Caribbean – largely due to tourism but also due to French government subsidies. Such foreign-aid could be arranged via the UN.

STOP THE WORLD

Heather and Julio still want to see Chief Esposito and the other arresting officers in court, though, for an explanation of the officers’ excessive force and unlawful arrest of the two.

Amazing. That this should happen in NYC and in America.

I ask again, where were the Union Reps of the policemen and why did they let the police indulge in what is clearly an unauthorized aggression upon one’s person.

When the cops get into a pickle, they are the first to call for their union rep ...

I’d pursue this matter right through the courts as far as it could go. Why not call the ACLU who should get involved?

What, ever, are we coming to with this sort of personal aggression on behalf of a body who’s motto is “To Serve And Protect”.

What? The banks?

Stop the world - I wanna get off ...

Macho capitalists, including their ‘paid’ tools (private and public police forces, security agencies and armies), love a fight. It doesn’t hurt that they have superior firepower of course. Why hasn’t the U.S. attacked North Korea? Right.

The Right, however, hates losing. It happens occasionally, usually on a small scale. How do law and order governments and their fascist tools respond when they are on the losing end of a skirmish with the people who they hate?, unless those people are spending money or voting for corporatocracy politicians. Law and order - namely written and unwritten rules that help make society orderly - shouldn’t be your guide in trying to figure that out. Instead, This reportgage about the response of police and their bosses to people simply (albeit noisily) closing their bank accounts should give you an idea.

I hope that the people, not all whom are righteous, understand that when you lose government, which we have, then you lose whatever went with those governments. Fascists understand that. One of the things that come with governments is it’s assortment of police, security and military organizations, no small thing.

Michel Martelly, a supporter of the bloody Duvalierist regimes in Haiti, which lasted until 1986, is now running Haiti (after ‘winning’ the presidency in an utterly fraudulent election forced on Haitians by the U.S./ http://bit.ly/shepVM) with Obama’s full support. The one Haitian leader that the overwhelming number of Haitians wanted, and want, disbanded ‘their’ army when he had the opportunity. That was Jean-Bertrand Aristide, ‘not’ the U.S.‘s choice for president in Haiti.

Haitian elites, and their partners, weren’t pleased. Come forward to now, and all signs are positive that Martelly will (if he can) reconstitute the death squad otherwise known as the Haitian army. There will be no ‘free’ choice by Haitians about their future. They can simply choose to not accept corporatocracy, but corporacrats never accept that. They will come back until the people are defeated. And armies, police and death squads are important weapons in the arsenal of all corporatocracy states. (http://bit.ly/iE67fE)

‘Progressives’ who delve into election rituals (in developed states) with gusto, urging us to vote while they try to divine the best way to do so, are using valuable time and energy aiding and abetting the enemy. Election rituals only serve to keep the people out of power by having them legitimize corporatocracy human resources management, otherwise known as government.

The Right is right. After all of their propaganda about government being the people’s enemy, the people who have bought that have let government slip away from them. Governments now belong completely to corporations and their allies who do socialism (banks getting bailed out of their ‘mistakes’) while telling the people that socialism is evil.

Put your money into survival supplies. I suggest land
for gardening and raising small critters, booze,
cigarettes, coffee, 22 ammo, fishing gear etc. Beans
and rice and quinoa and other durables would also be
helpful. I am not predicting an apocalypse but the
probability keeps edging upward though it is still
very small. I am an old man and have seen a lot of
trouble that many thought highly unlikely. The
picture of an old man trudging along a desert track
as he held the hand of a small boy keeps intruding.
Our America is not immune to a wide variety of
disasters. Please pardon my erors of grammar and
spelling

I would like to see proof or at leat a citation that
the “Move your Money Project” started in January 2010.
I think this is an error.

I’m beginning to question a lot of bank practices.  Putting your money in banks
gives them the use of it and enables them to charge you fees for their privilege.
In fact, it’s not even really money until you cash it or distribute it, something
the banks do about as much or more than their customers. But we all know now
that free checking was never really free but a deception created to create other
fees that were even higher than an accounting fee. The manipulation of
accounting done with checking accounts was criminal. The Visa debit card
turned out to be a payday loan card with usurious penalties should you go
overdraft, something banks wanted you to do and wouldn’t even notify you of
by declining you card when it happened.  This practice hit working people
particularly hard and who can be shocked that banks weren’t called on it. 

I think it would be better these days to put your cash in a secret hiding place
where banks and the IRS can’t get to it.  Maybe we should all get offshore
checking accounts like the big corporations do. 

Don’t just move your money, HIDE YOUR MONEY.

Buy local. Pay cash. This will have an impact.

For the undecided:  Some of these banks hold bonds from Greece, Italy, and Spain.  Bought with coupons much smaller than today’s rates they are trying to unload these.  Probably won’t happen but if the crap hits the fan hard enough the FDIC can pay you off in 20 years.  Good luck America.

A great example of “direct action”.

  The “teach in” attempt to provide information on predatory bank methods puts a human face on the problem. I hope that in this and other actions we have at last begun to join hands.