yes on recasting the toxic supremacy of debt in state budgets, but if you do that, and/or if you have some kind of 'cramdown,' that's a default and for that you need an alternative banker who will absolve you of your sins.
If a state is broke it's in no position to set up a bank, at least not without support from the Feds. I don't know what the Swedes do; I don't think they have a federal system anyway, so they don't have our dual sovereignty situation. I don't know Ellen Brown either. On Thu, Aug 12, 2010 at 3:49 PM, c b <[email protected]> wrote: > From: Max > > > You can set a rate, but you can't force people to offer to lend at that > rate. You need a Federal guvmint loan facility. > > ^^^^ > CB: A Swedish model ? A Public Option ? > > What about state banks, a la Ellen Brown ( crackpot ?) ? > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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