From: Max Sawicky 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.
^^^^^ CB: Sorry I'm not quite catching 'cramdown. 'Cram loses down the rentiers uhhh u know. Forgive us our debts as we forgive our debtors, Jubilee, Im founding Patriotic Ecomics based on the economic philosophy of Ben Franklin, including , neither a borrower nor a lender be. Retired on his assets at 43. It's all in the Benjamins. Hamilton is only on the ten, though we may incorporate the national bank idea u mentioned. ^^^ 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. ^^^^^^^ CB: I think the Swedish model is sort of the Feds getting into bank ownership. Everybody was mad at Obama for not having the guts to institute it in the US as the solution to the Too Big Failure. What a coward that Obama is. I can't stand him. Ellen Brown . goldbug ? http://www.webofdebt.com/ http://publicbanking.wordpress.com/2010/08/11/state-owned-banks-fixing-the-economy-by-ellen-hodgson-brown/ _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
