The lock-down control of our money supply by private banks is facing increasing challenges in a variety of forms, from technology that creates new methods of exchange [i.e. Bitcoin], to the public outcry for the creation of new public banks. Today we speak with an exciting group of young activists in California that have already accomplished some remarkable achievements, including a unanimous vote by the Los Angeles City Council to foster a public bank and divest from Well Fargo, based upon recently discovered un-ethical practices by the bank.
The student loan crisis is also receiving an ethical challenge from Andrew Yang, who has started his campaign for the 2020 presidential race calling for a universal basic income.
And Ellen Brown discusses how the massive hedge funds Blackrock and Blackstone control trillions of public dollar investments that exert overbearing pressure on how our money gets invested in order to create private profits rather than public benefits.
First aired on It’s Our Money With Ellen Brown.