Lessons from ‘Down Under’ (Citizens Party of Australia)
Excellent analytical video on the globalist agenda for totalitarian centralized control of the monetary system, CBDCs, declining local banks, and a cashless economy, and what we can do about it.
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There is a better way: Local Public Banks
The only way to defeat centralized money is with a decentralized banking system that features many, many local public banks, credit unions, and local community banks.
The Public Banking Movement in the USA
Around the nation, in many cities, counties, and states, there is a great awakening to the powers of local public banks as sole depositories of taxpayer taxes, and the countless benefits that a local public bank can add to the local economy and to shore up and strengthen local financial institutions. Find out what might be going on in your state or city at the Public Banking Institute.
Make no mistake about it,
Money is political power.
And your taxes are the major source of our collective wealth.
Let’s keep our money in our communities with local public banks.
Central Bank Digital Currency (CDBC) by Richard A Werner, economist & international banking expert.
The only thing new in CBDC is the ‘C’, the centralization of monetary control.
We’ve had BDC (Bank Digital Currency) for decades. And according to the good professor, the additional first “C” in CBDC represents a centralization of economic power, a ‘dystopian’ scenario where your every financial transaction is traced, tracked, and recorded. And all your transactions become “programmable”, either approved or disapproved by the central bank.
The enticement to such centralized control will be a UBI (Universal Basic Income) as more and more become unemployed and financially impoverished, finding the allurement of free money difficult to resist.
For a more in depth look at CBDCs and banking, see this video interview with Professor & Economist, Richard Werner: https://www.youtube.com/watch?v=OdYmdKUiQNw&t=23s
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The Dramatic Decline in U.S. Banks
The US has lost 71% of its banks over the last four decades. by the USAFacts Team
Most commercial banks that have operated in the US over the past century are gone. Compared to an all-time high of 30,456 banks in 1921, total US banks fell to 4,135 in 2022, down 86%.
After the Banking Act of 1933 created the Federal Deposit Insurance Corporation (FDIC), the number of banks remained between 13,000 and 15,000 for 50 years. It wasn't until the 1980s when the number of banks started falling year-over-year.
Over the last four decades, the number of FDIC-insured commercial banks has fallen by more than 70%.
We must remain resolute in opposing centralized financial control of our economic income and expenditures, by an unelected self-appointed banking autocracy.
We can defeat this concentration of wealth and centralization of political power only with #LocalPublicBanksInstead, the establishment of local public banks as sole depositories of our tax payer taxes, chartered exclusively to reinvest only in the local community the bank is legally required to serve, the local city, county, or state and their respective communities.
Local control of our taxes are the primary tools at our disposal for us to break the cycle of concentrated wealth & centralized political power, by stopping the outflow of our tax wealth to Wall Street via the TBTF (toobigtofail) banks, and secondly by depositing our tax wealth in a publicly owned City Public Bank, or County Public Bank, or State Public Bank.
And local public banks — city, county, and state — are the means of our collective liberation from debt peonage to a private centralized banking cartel, providing us with a new beginning that paves the way for financial solvency and a more sustainable future for our cities, counties, and states.