62 online
 
Most Popular Choices
Share on Facebook 143 Printer Friendly Page More Sharing Summarizing
OpEdNews Op Eds    H2'ed 7/6/15

Economic Democracy vs Bankster Plutocracy

By       (Page 1 of 8 pages)   44 comments

Derryl Hermanutz
Message Derryl Hermanutz
Become a Fan
  (51 fans)

Economic Democracy vs Bankster Plutocracy

The Divide Between Rich and Poor in the Developed World is Opening Up Fast
The Divide Between Rich and Poor in the Developed World is Opening Up Fast
(Image by David Blackwell.)
  Details   DMCA


Bankers have long exercised a near absolute monopoly on the creation and primary allocation of money. International bankers engineered and enabled the present and intensifying corporate-plutocrat ownership structure of the Western world. What might happen if a people-serving government issued its own debt-free fiat money, instead of using bank-issued credit/debt money that commits the nation to debt servitude and neo-corporate serfdom?

Here's an illuminating case that I found on Facebook,

16 Things Libya Will Never See Again as quoted by Michael Parenti October 24, 2011

1. There was no electricity bill in Libya; electricity was free for all its citizens.

2. There was no interest on loans, banks in Libya were state-owned and loans given to all its citizens at zero percent interest by law.

3. Having a home was considered a human right in Libya.

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Well Said 10   Must Read 9   Valuable 6  
Rate It | View Ratings

Derryl Hermanutz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I spent my working life as an independent small business owner/operator. My academic background is in philosophy and political economy. I began studying monetary systems and monetary history after the 1982 banking crash that was precipitated by (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Free Enterprise vs Corporatism

Banksters vs Humanity: Round 14

Size Matters: Local Democracy vs. Global Plutocracy

The Physics of Spirit

Economic Democracy vs Bankster Plutocracy

Corporations are not free market enterprises

To View Comments or Join the Conversation:

Tell A Friend