Showing posts with label sovereignty. Show all posts
Showing posts with label sovereignty. Show all posts

Tuesday, October 06, 2015

Why do counties keep public funds in private, for-profit banks?

  • I and my team are trying to make Mendocino into a charter county. After 15 drafts of a charter over the last 3 years, there was little or no political will for our Board of Supervisors to put one on the ballot. So the only other way to become a charter county is to elect a charter commission. This is a 2-step process. First, we need to collect 2003 valid signatures by January to get the charter question on to the June ballot. We are aiming for 4000. Then later in January, anyone registered to vote in the county can run for the unpaid office of Charter Commissioner. When the time comes, I plan to run for this voluntary elected office. I am currently raising funds and cultivating fellow candidates. This will be an amazing opportunity to think outside the box and redesign our local government to assure more social and economic justice, more direct democracy, more citizen participation, more local control and more accountability.

  • The current legal opinion is that a county must be a charter county in order to open a public bank. Ideally, the charter will be a fundamental step in that direction. It is yet to be seen whether language about a public bank will be included in the charter. It will be up to the charter commissioners what language will be included.

  • There are 3 kinds of money: coins, currency, and credit. Coins are printed by the Federal government. Currency is printed and controlled by a private banking conglomerate called the Federal Reserve (nothing "federal" about it). Money greases the wheels of commerce and causes economies to boom when there is enough of it in everyone's pockets. When money is scarce, the economy tanks. The third kind of money is credit. Per Federal Reserve policy, every bank can issue credit of up to 90% of their reserves. Each time they loan out credit, the "note" gets added to their reserve of assets. In other words, their assets are based on loan notes.
  • The credit market is a kind of Ponzi scheme which occasionally implodes. In 2009, the government bailed out the banks from their Ponzi scheme losses, yet the big Wall Street banks continue to glean obscene profits using business plans based on fraud. All counties in the USA keep their public funds in private, for-profit banks, which use those funds in their reserve for their credit Ponzi schemes.
  • SBMC stayed healthy during the 2008 economic downturn because they only issue credit up to 60% of their reserves. And credit unions even have a lower limit. Only the big Wall Street banks like Bank of America issue all 90% of their reserves in credit.
  •  A public bank could serve the purpose of parking and distributing our own public funds instead of Bank of America. Why not keep our public funds in our own bank? And if the law allows banks to issue credit based on a fraction of their reserves, then why not use the county's reserves to underwrite economic development loans issued by the local partners like Savings Bank of Mendocino County and MendoLake Credit Union to keep the money circulating right here in our own county?

    So why should we keep public funds in a private, for-profit bank?  We shouldn't!  

Friday, March 02, 2012

The Sovereignty of my Body and Fukushima generated cesium-137

On 20 February, 2012, Jon Letman wrote in Thruthout: Radioactive or Not, Tsunami Debris Could Seriously Impact US's, Canada's West Coasts.  The author assured us that the tsunami debris washing up on our shores was released before it became contaminated with radiation. 
The following are some thoughts I had about Letman's article. 

After the Fukushima nuclear disaster, I monitored radiation levels around the nation.  Without regard to alpha, beta, or gamma designations, but rather simply by counting Geiger counter beats/minute, the highest (nearly critical) amount of radiation hit, not the western shores, but rather the peaks of the Rocky Mountains. 

A significant level of radiation landed on California, Oregon and Washington, and contaminated the grasslands of the western states so as to contaminate the milk supply.  So I stopped drinking mammal milk for about 4 months, and bought iodine pills to have in stock in case a nuclear disaster was announced here in the USA.  Iodine-131 has a half-life of only 8 days, so there was nothing to worry about there.  But cesium-137 has a half-life of over 30 years.

Of course, we can't expect our government to announce a radiation disaster unless there is profit to be made.  Otherwise, our government will cover it up in order to keep people pacified and continue shopping for consumer luxuries.  Anyway, it would damage big Agra-business if folks found out their food supply was contaminated with cesium-137. 

After entering the body, cesium concentrates in muscle tissue. The biological half-life of cesium hydroxide is only about 70 days.  Accidental ingestion of cesium-137 can be treated with Prussian blue, which binds to it chemically and reduces the biological half-life to 30 days.

That brings up the issues of private property and sovereignty of my own body.  Like with Monsanto patented pollen, if the radiation falls on the grassland of an organic dairy or organic grass-fed beef or bison farm, the meat/milk is no longer organic, and the farmer's business is destroyed for 30 years.  And as has been recently proven in court, the industrial polluter will win the case and the organic farmer loses. 

And if I am sovereign over my own body, and I choose to live far away from industrial pollution so that the air I breathe is cleaner, and then I am forced to inhale radioactive iodine and cesium because an industrialist far away made choices that I oppose and ended up contaminating me exactly as I had anticipated, what recourse do I have to uphold the sovereignty of my body?  NONE! 

That's why we have entered a new Dark Age.  And it will become much darker when the US & Israel invade Iran and begin a nuclear winter.