Student Debt Slavery:
— Public Bank Alliance (@publicbankinga) December 28, 2017
Bankrolling Financiers on the Backs of the Young https://t.co/OjEjjaaP3R via @ellenhbrown @WebofDebt #PublicBanking pic.twitter.com/iCwDONH5Eq
Okay, a comment: This is the rich stealing from the poor – even when under the current law there is no estate tax on the first $11 million.
Here are the six biggest mistakes retirees make with their investments https://t.co/Y1sdGj6XV7 via @FPpersonal_fin pic.twitter.com/58Fw1du48X
— Financial Post (@financialpost) December 7, 2017
- a focus on dividends
- not realizing capital gains
- drawing a RRIF too late
- drawing CPP/OAS too soon
- poor use of TFSAs
- incorrect asset allocation
Happy Thanksgiving! As we reflect on all that we are thankful for, we hope you'll join us today on #SocialDesignInsights as we continue our discussion on #design and it's ability to inspire political change with @Adbusters' co-founder @KalleLasn. https://t.co/BT7dZm1RvN pic.twitter.com/X5FNvft9RM
— Curry Stone Design (@designprize) November 23, 2017
you cannot parody these folks pic.twitter.com/PfDXB0qXTp
— southpaw (@nycsouthpaw) November 15, 2017
TMW you ask where money comes from https://t.co/NzfU552n5a / the current setup is unstable, unfair, and undemocratic
— George Atherton (@notrehta) November 21, 2017
see also Bank of England Quarterly Bulletin 2014 Q1:
There are three main types of money: currency, bank deposits and central bank reserves. Each represents an IOU from one sector of the economy to another. Most money in the modern economy is in the form of bank deposits, which are created by commercial banks themselves.!g Most money is in the form of bank deposits “created by commercial banks themselves.”
The proposal Ole Bjerg presents in the TEDx Copenhagen talk may work in Denmark, and it would be great if it does. Elsewhere the way forward may be to raise public awareness of the issue so that the political will can develop to call for bank deposits to be backed in full by reserves at the central bank – at the Federal Reserve, in the case of the US.
It is past time to revisit the so-called Chicago Plan of the 1930s and explore full-reserve banking.
public banks are accountable to voters, credit unions to members pic.twitter.com/uxSNLUnB9n
— George Atherton (@notrehta) November 8, 2017
finance no more belongs in the private sector than roads, bridges, and other infrastructure
— George Atherton (@notrehta) November 8, 2017
let’s watch @PhilMurphyNJ keep his promise to bring public banking to the state
— George Atherton (@notrehta) November 8, 2017
All we know is stories. Changing our minds calls for a better story. Like this one. https://t.co/qZAFmBJwMg
— George Atherton (@notrehta) October 26, 2017
from the article:
The first observation is the least original. It is the realisation that it is not strong leaders or parties that dominate politics as much as powerful political narratives.
. . .
I came to the second, more interesting, observation with the help of the writer and organiser George Marshall. It is this. Although the stories told by social democracy and neoliberalism are starkly opposed to each other, they have the same narrative structure. We could call it the Restoration Story.
. . .
Then – again with Marshall’s help – I stumbled into the third observation: the narrative structure of the Restoration Story is a common element in most successful political transformations, including many religious revolutions. This led inexorably to the fourth insight: the reason why, despite its multiple and manifest failures, we appear to be stuck with neoliberalism is that we have failed to produce a new narrative with which to replace it.
“The U.S. is 1 of only 4 countries in the world where the maternal mortality rate is rising.” @scottsantens https://t.co/yCam1aoU84
— George Atherton (@notrehta) October 24, 2017
from the Scott Santens article the tweet links to:
The State of the Union: 2015
- Whereas each generation used to be better off than the previous generation, that is no longer the case.
- Child poverty is the highest it’s been in 20 years.
- The U.S. is 1 of only 4 countries in the world where the maternal mortality rate is rising instead of falling.
- Sixty years ago, the U.S. had the 12th lowest infant mortality rate in the world. By 1990, we were 23rd. By 2008, we were 34th. We are now 49th.
- The 40-hour work week is gone, to the detriment of productivity. We work an average equivalent of 6 to 8 more weeks per year than a generation go, with worse results.
- The American middle class has not seen a raise in 15 years.
- Our middle class is 20% poorer than it was 30 years ago.
- Middle class families are increasingly spending more on basic needs while earning less.
- For the first time in over 50 years, the majority of our public school children are poor.
- Our poorest 20% would now be better off in 10 other countries.
- Over 40% of Americans are now living paycheck to paycheck, so savings are practically nonexistent amongst any but the richest.
- More than 1 in 3 Americans have debts and unpaid bills that have been reported to debt collectors.
- Hunger among seniors is up 81% since 2006.
- The gap between those who eat well and those who don’t has doubled in 10 years.
- Food banks are now helping more than 46 million Americans to eat, and are overstretched to the point that 1 in 6 is expected to fail.
- We are losing entrepreneurs. New business creation has gone from 13% to under 8% in the last 30 years.
for more on Universal Basic Income (UBI), see #basicincome as well as the HuffPost author page for Scott Santens and his own website
# # #
Enabling people to say "No" to involuntary work with #basicincome does not mean less work gets done. It means more VOLUNTARY work gets done. pic.twitter.com/nKIpfoT2aD
— Scott Santens (@scottsantens) October 22, 2017