I see that many things, including retirement security, are addressed in the creation of an Oregon State Bank. There is urgency throughout the USA, to pull state investment funds away from sure destruction by Wall Street gamblers. A proper grasp of problems and opportunities is expressed by attorney, author, It's Our Money radio show host and blogger, Ellen Brown.
How many of us have already known of the perceptive writing of Ellen Brown? I found her, top of list just now, in Google search of terms "secure state investment funds against wall street gambling with derivatives ."
Posted on October 12, 2014 by Ellen Brown
Concerns are growing that we are heading for another banking crisis, one that could be far worse than in 2008. But this time, there will be no government bailouts. Instead, per the Dodd-Frank Act, bankrupt banks will be confiscating (or “bailing in”) their customers’ deposits.
I hope that state officials everywhere will be aware of the advice of Ms. Brown, that this can be done quickly.
How to Start a Bank Overnight
Forming a state or municipal public bank need not be slow or expensive. An online bank could be run out of the Treasurer’s office and operational in a few months. And the bank could be turning a profit immediately – without spending the local government’s own revenues.
Perhaps we have time then to save state funds from imminent collapse of stock markets. I find the S&P 500 chart instructive, here taken from Yahoo!
The thieves running our government, and extracting ever more wealth for the most-wealthy through criminal derivatives, must be astonished how big they have gotten the Third Bubble. Newscasters speaking confidently of present conditions, and better, for an indefinite future, increasingly know they are part of the fraud. Black Friday shoppers today know they may be on a last fling.
Every person, daring to think, will know the Big Fall is not more than two years away. Maybe by 75% this time, and with no recovery in sight.
Ted Wheeler! You have only a few months to take action for the people of Oregon. There is a similar charge for officials in all states. You are obliged to act in the public interest, to disbelieve evident lies.
I now further address Ted Wheeler with my insight as an inventive and perceptive weatherization contractor. I am a sole-proprietor, not daring or able to have employees, able to persist in increasingly frightening times, only because of Social Security retirement income, no debt beyond a mortgage, and an extremely frugal lifestyle. I think I am the model of the rescuers of home owners, of the 80% never yet served in public leadership of weatherization. The ideal worker will be an intelligent and caring individual, self-employed, fully accountable and competing, through customer appraisal. The work must become more decently rewarded, for these successful individuals.
The weatherization of homes will become very difficult for those who have not been able to act in better times. Such home owners and renters will depend upon some generosity of those able to do the difficult and dirty work, now regulated as utterly honest . Many will achieve only what they can, with their own now-capable hands. Materials will be much more expensive. Energy costs will quickly double. Many will suffer. Many will die. Human character all over the Earth will be challenged in the face of desperation. "Bailing in " that is in banker plans, Ellen Brown warns, could not be achieved without great violence.
Dire conditions following the collapse may be softened where individual states acted, safe-guarding public funds in state banks detached from Wall Street. Those funds might pay the willing weatherization workers. Many will be available for work they would not before have considered, if that serves survival. Much of the work can be achieved through believable promise.
I now arrive at the heart of my message to Ted Wheeler. On Monday, we will be talking about retirement security for proprietors of small business. Let us talk of details in the vision of our State Bank. I would happily work often for deferred income, promised through the State Bank. Needful home owners would get work done, with deferred pay-in to the Bank. Know that a State Bank, maybe City Banks too, will be background handlers of funds. They will not challenge existing local banks and credit unions, then stepping in to replace now-gone big banks that did fail.
Please read on in the hopeful writings of Ellen Brown:
Posted on November 19, 2014 by Ellen Brown
While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article:
It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker.
At 9/11/2015, add to this post for further communication with officials in Oregon who are paid to protect the interests of all citizens. This reach-out will include our State Treasurer, Ted Wheeler, again challenged. This post up to current amendment was brought to Mr. Wheeler's attention, face-to-face at that meeting 12/1/2014. There was an opportune time to act. Mr. Wheeler declined interest, claiming the large billions of dollars of state funds in his care had no place to go but Wall Street. I think he should have acted as Ellen Brown advises, that a State Treasurer, independent of criminal lobbyist intervention in his Legislature, may organize and employ a State Bank.
I write in follow-up of a Sierra Club meeting in Portland, yesterday, where more Beyond-Coal appeals were presented to my State Representative , who is Chair of the Energy and Environment Committee. I spoke for one minute in this group of about twelve people who were sacrificing mid-afternoon time of one of the most-beautiful remaining days of Summer 2015. I mentioned my stand-in for all who see energy conservation in our homes as superior to clean energy generation with sun and wind. Durable conservation is forever, day and night, under stormy skies. Inspired in the pre-meeting, I asked for a pilot program in Oregon, of solar for all, not just the further gift through public resources, of energy independence to a privileged few. Let every housetop with some sun have a low-power photovoltaic/ battery system integrated with LED lights and communications circuits, naturally direct current, off-grid. Each home is then somewhat disaster-ready . We will all have kick-started personal achievement in protecting life on Earth. OK, I did say less than all that, but I made the point.
Please see me as a cheerful, proactive person. I am cheerful because I do good things and feel that I will be part of the solution to coming problems. No one tells me this; quite the opposite. I have acquired a hard shell against rejection.
On then to dire predictions. I think the Oregon Legislature, or perhaps an independent State Treasurer, no longer has time to act. Next action in our Legislature would be in a token one-month session February, 2016 .
Refresh this chart up-to-date .
We must expect that the world will fall into chaos in the coming Winter. This is the game of evil wizards of Wall Street, emboldened by our failure to lock them up, driving drunk. See the symmetry in the cycles they create. See that printing thirteen trillion dollars from vapor saved them, once. That saving of the gamblers should not have happened, and it can not happen again. Few but Ellen Brown are imagining what the gamblers are up to, with full collusion of our real US Government forces.
At 2/25/2016, react to finding someone in Portland read this yesterday. I hope it was Ted Wheeler , not feeling secure in his wish to remain publicly employed come November, running for Mayor Of Portland. I don't want to vote for you, instead seeing you as Governor, next cycle, deep in Hard Times, proven as caring by acting yet, for a State Bank. Out of office and loved, you will find your way to our better future. I am unhappy too, with competitor Jules Bailey, who is wrongly liked as author of HB 2626 of 2008 , a promising but flawed and failed effort to generate residential weatherization through up-front financing. Who will I vote for?
I attended a first Portland mayoral candidates debate 2/29/2016, and was quite pleased to find public banking (of City funds only), on the agenda. Jules Bailey impressed me for public banking interest, and for a purely grass-roots campaign. Surely he will get my active support, and my vote.