ELLEN BROWN, author of The Web of Debt, writes:

Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items:

In Russia, vulnerability to Western sanctions has led to proposals for a banking system that is not only independent of the West but is based on different design principles.

In Iceland, the booms and busts culminating in the banking crisis of 2008-09 have prompted lawmakers to consider a plan to remove the power to create money from private banks.

In Ireland, Iceland and the UK, a recession-induced shortage of local credit has prompted proposals for a system of public interest banks on the model of the Sparkassen of Germany.

In Ecuador, the central bank is responding to a shortage of US dollars (the official Ecuadorian currency) by issuing digital dollars through accounts to which everyone has access, effectively making it a bank of the people. [cont.]

— Comments —

Mark Jaws writes:

The privately controlled central bank concept is the biggest swindle in human history, and it pains me, as a born Jew, to admit that German Jewish bankers have been the chief drivers of this crime. Central banks are important, but they must not be allowed EVER AGAIN to fall into private hands. For it is through the privately-owned network of central banks that the Kosha Nostra aggregated such unprecedentedly concentrated levels of financial, media, and political power. Power used to subjugate nations.

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