Climate Change, the Environment and Local Public Banks
There is evidence of, and broad scientific consensus that, the earth is warming. And according to the IPCC there is a direct correlation to the concentrations of CO2 in the atmosphere. While there is still debate about the significance of CO2 compared with other factors like the Milankovitch cycles (video here) in explaining the apparent rise in the average surface temperature of the earth, most scientists agree that CO2 is a contributing factor, and they will often source the Antarctic Ice Core studies which show a clear correlation of CO2 and temperature over the last 800 thousand years.
It therefore seems a wise choice for governments around the world to take seriously the concerns of the scientific community and to reduce burning of the dirtiest forms of fossil fuels, like coal, if only for the health benefits of their respective communities.
But caution should be exercised when trying to impose a single solution on every community, especially the poorer communities, as the evidence strongly suggests that when given a choice between feeding their families and keeping them warm or adhering to CO2 reduction protocols, the poor will always choose the former not the latter.
Nonetheless, developed communities, cities, counties, and states, can do a great service to humanity by developing technologies that are more efficient, more reliable, that use less and less energy to do the same amount of work.
And with local public banks, these technologies can be developed, and made freely available or at least affordable to poorer communities.
Reducing toxins from the atmosphere is therefore a very good objective, and governments should be pursuing this environmental goal to protect their citizenry from the many poisons that coal and petroleum products produce as a byproduct.
But even in the United States, financing this path to cleaner energy is a feat that has become increasingly difficult, if not impossible, as every city, county, and state government debt continues to increase with no sign of relief on the horizon.
Understandably, elected officials are reluctant to add more debt, increasing the public debt obligations to private banks that already overwhelm our governments, their citizens, and many future generations.
And according to the Denver Post, “Colorado households are weighed down with the heaviest debt burdens of any state, even when looking at more expensive places to live like California and Hawaii”
So what can be done?
How can we address these pressing environmental problems, while advancing job growth and better wages, built on economic productivity?
Clearly, adding more debt to the government and people is not a solution.
There is a better way: The PUBLIC Banking Model… and it can happen very quickly & spread rapidly.
Imagine the possibilities!
With the establishment of a state, county, or city public bank, a viable, workable, and efficient solution is presented to us.
The Public Bank Solution
Tax money that once fled your community to Wall Street banks, is now returned and multiplied many times to your city, county, or state when deposited in your local public bank. Because a public bank is constrained to invest only in the community of its political jurisdiction, abundant low cost financing becomes available for local renewable energy projects like wind and solar, making the transition toward a more sustainable future a reality. New jobs in PV and wind installations, sales, marketing, and administration will be created, giving the local jurisdiction an economic boost. More tax revenue is generated, creating more community wealth.
Like the Sparkassen banks of Germany, a green revolution becomes possible.
I highly recommend the Brandeis School of Law online digital books & law library.
Especially, Other People’s Money
A dynamic economic engine is created when a public bank is established, using the powers of credit creation to empower the taxed community, multiplying their tax wealth many times, improving the conditions of the people in the jurisdiction — city, county, or state.
The cycle of wealth generation thru taxation, instead of being ‘loaned’ to the private monopoly banks, will be returned to the taxed community with local public banks as sole depositories for taxpayer wealth.
Growth without inflation and without environmental destruction becomes possible with local public banks.
And best of all, a city, county, or state that owns a public bank as sole depository of our taxes, will soon find itself free from the debt-cycle created by the private monopoly banks.
With local city, county, and state public banks a powerful tool is afforded our representative governments that becomes key to our collective liberation.
The time is now to bring our money home!
#LocalPublicBanksInstead
Join the movement for local public banks, find out more.
