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A Reset That Serves the People counterpunch.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from counterpunch.org Daily Mail and Mail on Sunday newspapers.
Instead of buying into the World Economic Forum’s dystopian “Great Reset,” we can build an alternative system with a mandate to serve the people. This is part two to a May 4, 2022 article called “A Monetary Reset Where the Rich Don’t Own Everything,” the gist of which was that national and global debt levels are ....
They’ll talk about change, about politics, about reform, about corruption, but they will never talk about war unless they mean something happening far away. Because to admit the existence of the war waged against us is to admit that we are combatants, and if we see that we are not fighting back, then we would have to admit that we have surrendered. That we have already been defeated. The Arctic Circle Collective Hassan al Sabbah, a brilliant Iranian polymath and tactician, founded the Nizari Ismai’li state, a state that flourished from 1090 to 1256 AD in Iran and Syria. This small state relied on a cadre of fearless professional assassins to protect itself from conquests, and to protect co-religionists living elsewhere from massacres. ....
A self-funding national infrastructure bank modeled on the “American System of Alexander Hamilton, Abraham Lincoln, and Franklin D. Roosevelt would help solve not one but two of the country’s biggest problems. Millions of Americans have joined the ranks of the unemployed, and government relief checks and savings are running out; meanwhile, the country still needs trillions of dollars in infrastructure. Please share this article - Go to very top of page, right hand side, for social media buttons. Franklin Delano Roosevelt. Putting the unemployed to work on those infrastructure projects seems an obvious solution, especially given that the $600 or $700 stimulus checks Congress is planning on issuing will do little to address the growing crisis. Various plans for solving the infrastructure crisis involving public-private partnerships have been proposed, but they’ll invariably result in private investors reaping the profits while the public bears the costs and l ....
invariably result in private investors reaping the profits while the public bears the costs and liabilities. We have relied for too long on private, often global, capital, while the Chinese run circles around us building infrastructure with credit simply created on the books of their government-owned banks. Earlier publicly-owned U.S. national banks and U.S. Treasuries pulled off similar feats, using what Sen. Henry Clay, U.S. statesman from 1806 to 1852, named the American System - funding national production simply with sovereign money and credit.They included the First (1791-1811) and Second (1816-1836) Banks of the United States, President Lincoln s federal treasury and banking system, and President Franklin Roosevelt s Reconstruction Finance Corporation (RFC) (1932-1957). Chester Morrill, former Secretary of the Board of Governors of the Federal Reserve, wrote of the RFC: ....