While American politicians debate how to finance needed fixes and which fixes to implement, the Chinese have funded massive projects across their country.
Americans could save $1 trillion over 10 years by financing infrastructure through publicly owned banks like the one that has long been operating in North Dakota.
The Italian banking crisis that could take down the eurozone has been called “a bigger risk than Brexit." Handwringing officials say there is “no magic bullet,” but a British professor, Richard Werner, says remedies are just being ignored.
Creating jobs requires an injection of new money into the American economy. Borrowing from the bond markets or off the balance sheet in public/private partnerships won’t do it. So if Congress won’t issue money directly, it should borrow from banks, which create money out of thin air.
Instead of privatizing public assets and delivering taxpayer money to investors, the president-elect could fund his promised infrastructure projects by simply printing money.
Using technology developed for Bitcoin, central banks around the world could usher in a model of banking and credit that renders private banking obsolete.
The war on cannabis that began in the 1930s seems to be coming to an end. But skeptics question the sudden push for legalization, which is largely funded by wealthy investors linked to Big Ag and Big Pharma.
Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with a "war on cash" and the potentially imminent threat of massive bail-ins of depositor funds.
With disenfranchised millennials at his back, Bernie Sanders' proposal of a real financial revolution, a fundamental change in the system itself, is a great start to the necessary overhaul of society.