Ellen Brown, author of ‘Web of Debt’ and the ‘Public Banking Solution’, is running for Treasurer in California, aiming to create a State Bank.
She’s with the Green Party, which takes no corporate funding.
Ron Paul has left a huge vacuum and there is simply no one out there to fill it. While it will undoubtedly be an uphill struggle to get the job, such a campaign can much help to get the monetary reform debate on the agenda. With Austrianism dying in the Truth Movement, this is a real opportunity.
Ms. Brown will implement legislation to charter a Californian State Bank, based on that of North Dakota, as described in her book ‘the Public Banking Solution’.
While her Public Banking approach will not provide interest-free credit to the commoner (and thus does not comprehensively address usury), there is no doubt that this will enable California to extricate itself from a nasty position, with a major depression ongoing and State finances in shambles.
A State Bank is also a great way of reasserting real State autonomy vis a vis the Federal Government’s ongoing marauding of State rights.
Followed up with a Public Works program that can be financed interest-free, it would end the depression and allow California a return to full employment and a massive boom based on real production. If done well, by financing the production chains for these investments interest-free also, these projects could be implemented at a much lower cost than is now common. Capital intensive industry, and none is more capital intensive than construction and machinery, is, by its capital intensive nature, heavily burdened with cost for capital (usury) and stripping production of this unnecessary burden would be nothing short of revolutionary.
For instance, some serious investment in modern public transportation comes to mind. This is much needed all over the US and in California in particular and it would of course fit well with a Green Party agenda.
Furthermore, State Debt could be refinanced interest-free, ending the completely ludicrous plundering by Wall Street through wholly fraudulent ‘Government debt’.
Ms. Brown is very, very knowledgeable, also on the Usury issue and she actually has a heart, which is a nice change compared to the usual bunch running for office. She knows what we’re up against and that is also a big change with what we expect from politicians.
Finally someone people in California can vote for with a clear conscience!
Let’s wish her well and hope that the Alternative Media will endorse her with the same enthusiasm as the unfortunate Dr. Paul!
Here’s Bill Still interviewing her about her plans:
Ellen Brown’s ‘The Public Banking Solution’