“Fixing Debt and Money with Publicly Owned Banking”: video interview by Australian blogger Phillip Watt


Posted on by Ellen Brown

Published on May 26, 2016

The world is saturated with a debt-based, fiat money supply which is owned by private families and institutions which have enslaved both governments and the people into debt. We don’t need private banks to create money out of nothing and loan it to the people (governments) at interest, we have the power to create money out of nothing ourselves thank you very much. If so, we could invest the ridiculous profits made by the banking sector into social programs, infrastructure, environmental protection, alternative energy sources and other industries for the benefit of the people, instead of the oligarchs and multinationals.

 

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