Posted in News

LA Voters to Consider Creating Nation’s First Municipal Public Bank

   12/12/2023  37 Comments on LA Voters to Consider Creating Nation’s First Municipal Public Bank

A Los Angeles ballot measure could put the city one step closer to creating a public bank, which Phoenix Goodman of Public Bank LA says could help the city “transform banking from a source of evil” to a force that fights climate change and inequality

Visit https://therealnews.com for more stories and help support our work by donating at https://therealnews.com/donate.

** (Disclaimer: This video content is intended for educational and informational purposes only) **

Author: phillynews215

HOSTING BY PHILLYFINESTSERVERSTAT | ANGELHOUSE © 2009 - 2024 | ALL YOUTUBE VIDEOS IS A REGISTERED TRADEMARK OF GOOGLE INC. THE YOUTUBE CHANNELS AND BLOG FEEDS IS MANAGED BY THERE RIGHTFUL OWNERS. POST QUESTION OR INQUIRIES SEND ME AN EMAIL TO PHILLYNEWSNOW215@GMAIL.COM (www.phillynewsnow.com)
Website Twitter

37 thoughts on “LA Voters to Consider Creating Nation’s First Municipal Public Bank”

  2. The next thing I see is Public Money. California currency. To insulate against a possible collapse of the dollar.

  5. German's energy mix is 43% coal, 23 % nuclear, 21% gas, 12 % renewable.
    Don't get overexcited with the german model. Neoliberalisme has passed there too.

  6. I live and work in LA as a Finance professional for 20 years and I would go work for this cause in a flash if given the chance.

  8. Don't ever Involve Local Government or Political Parties Officials or a Government Institution in its Functioning or Management thereof. Peoples or Public Bank means just the Peoples & Public Management and Operations of the Institution.

  9. Additionally, if we take as a given that Glass-Steagall wont get reenacted, we should get politicians to commit to, instead of bailing out banks, fully nationalize any bank that needs to be bailed out in the next financial crisis.

  10. One important infrastructure project which could be wholly funded by a public bank could be municipal broadband. Just like your water utility, broadband could be administered by municipalities at a cheaper rate than privatized corporations. You'd remit your payment to the city instead of to Xfinity or Verizon, etc., and as an added bonus, net neutrality could be protected.

  12. All this negative press its getting is nothing but the elite lying crooks freaking out. We know for a fact even these state elected officials at the top are invested in the Wall Street criminality.

  21. This is one of the single most terrifying things for the oligarchy. If we start removing their ability to gamble with and steal our money, a special kind of austerity will ensue. I imagine the Fed with the help of the "Justice Department" will shut down any public banks, and I imagine "national security" will be mentioned.
    In other words, LA should absolutely do this, the whole nation should, and immediately.

  23. Difficult road forward. But admirable.
    They have banking law tied up like a Christmas turkey.
    There is no way you will get partnerships with companies like Mastercard, Visa, AmEx, so, no automatic tellers, no card purchases, no cards.
    The next problem you get is that even if you are successful, the Bank of America will simply buy you out under a compulsory purchase, with no objection from the FDIC. If they can't find a good reason to close you down, they will lie, and no-one will do a damned thing about it.

  24. vote GREEN PARTY with Jill Stein! its time to regulate. Get ALL the DATA & put it in the "BlockChain" then provide ALL people with a Universal Basic Income in the form of "CryptoCurrencies".

  25. get rid of the Stone & Chiszel!! there is no more need for storing ANY information on paper with ink!! Bring on the "BlockChain"!!!

  26. One thing more , the deer-in-the-headlights look on Ms. Noors face tells it all . There have been entire generations brainwashed into complete ignorance of the fact the Founders in 1776 bestowed upon the People , through Representatives in Congress the Right to CREATE money . Over a period of 150 years or so Banks have usurped that power , creating the currency then loaning the People their own money at interest . There should be no National Debt IN THE FIRST PLACE . Everyone is acting like a Public Bank is something new ; it is not . The actual Bank of the United States is the U.S. Post Office . Benjamin Franklin was in fact the first Sec of the Treasury when he worked with Gen. George Washington , at the time Hamilton was just Washington's aide-de-camp . Franklin was also the first Postmaster General and he was a PRINTER . The People PRINTED their own interest free money and issued it to themselves through the Post Office , so-called Farm Banks . But the Central Banks don't want you to know that . That's why school books say Hamilton , in fact an agent for the Bank of England, not Franklin , was the First Sec. of the Treasury . Bank controlled media declares the play Hamilton is the best thing since sliced bread and have convinced everyone the Civil War was about slavery . The Civil War was about who has the power to create and issue money . " Black Lives Matter " popped up so quickly , even though the Civil Right Movement occurred in the 1960's and by 2008 the Nation had elected a black President , because it was basically created and funded by Bank and corporate owned media , magnifying a relatively obscure event in Ferguson , Mo. , to take the spotlight OFF Occupy Wall St .

  27. Etherium BlockChain is partnering up with Team SuperLedger to privide the "framework" for World Wide Businesses & Governments!!! ALL is to be networking! ALL is to be connected! ALL is to recieve FUNDS & be capable of spending! Bring in Universal Basic Income!!!

  28. specifically…what kind of changes will take place with our spending structure? can we create incentives(2) for the installation of a (1)"Solar Grid" to supply power for EVERY Home & Building that SHOULD own a (2)Computer/"Mining" rig to help manage this NEW Ledger System known as the "BlockChain"

  31. Now we're getting somewhere . I saw my friend Ellen Brown , Pres. of the Public Banking Institute in the opening photo . Read her books . I've been clamoring on for years the root problem is not race nor gender, relatively minor concerns at which have been magnified in a disproportionate way . The Elephant in the room is the CURRENCY IS A FRAUD . However , " fractional reserve banking " is a sophisticated scam which can't be reduced to " Tweets "or Farce-Book Posts . That's why for years I've been a huge Ron Paul fan , he is willing to take on the real problem : The Federal Reserve is a scam .

  34. You have only to look to 2008 at how the big banks needed a 20 trillion dollar bale out at tax payers expense. They exploit the people going from pay check to pay check while investing in predatory lending, adjustable rate mortgages, luxury housing, private prisons, casinos and war. They funnel money to the top.They claim that private banks are more efficient.. Efficient for who?

Comments are closed.