We continue our conversation with the preeminent historian of the Bank of North Dakota, Dr. Rozanne Enerson Junker, about the founding factors and functional dimensions of America’s only state-owned public bank. Ellen discusses block-chain technology with co-host Walt McRee while this week’s What Wall Street Costs America examines the impact of predatory banking costs on the city of Detroit — Matt Stannard talks with Tom Stevens of “Detroiters Resisting Emergency Management.”
The Bank of North Dakota has generated a groundswell of excitement and amazement that its founders couldn’t imagine. It started with a simple goal of service to citizen victims of Wall Street monopoly almost 100 years ago and now inspires the hopes of citizens nationwide as they struggle to wrest their financial freedom from the same villains. Ellen’s guest tells how it all happened. Dr. Rozanne Ennie Junker got her doctorate studying how this upstart institution took on the big banks and turned a challenged economy into a financial powerhouse of service to its owners, the people of North Dakota. Walt McRee talks with Tom Tresser about a new collaborative book called “Chicago is Not Broke – Funding the City We Deserve” – there’s more money laying around than most citizens know and Matt Stannard discusses What Wall Street Costs America with a focus on Detroit and Harrison, NJ – yet more victims of the global banking cartels that keep America under the thumb of debt servitude.
Would replacing our commodity-based economic model with one that prioritizes human-interest qualify to be called “Sacred Economics?” That’s the name of a book by Ellen’s guest this week, Charles Eisenstein, a highly popular radical re-thinker of the nature of human economy. Eisenstein observes some of the inherent flaws in our economic thinking and reminds us that we are the ones in a position to create new priorities. And co-host Walt McRee speaks with Santa Fe public banking leader Nichoe Lichen of Banking on New Mexico, which this past week saw release of a very positive city feasibility study that supports creating a new city-owned public bank.
This past year saw the crossing of financial boundaries and traditions around the world as economic and political events continue to make the monetary horizon an ever-changing realm. Digitized dollars and cash-less societies, global banks overruling national democracies and growing populist demands for economic fairness all help shape a view forward suggesting turmoil and perhaps real trouble for dominant bank institutions — and hence our own prospects. Ellen speaks with Wolfram Morales of the German Sparkassen savings banks that have taken it on themselves to help preserve the success of local banks around the world. And co-host Walt McRee joins Ellen and public banking commentator Matt Stannard for a retrospective on the year’s financial stories that they thought significant.
Pope Francis’ revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the Saint from whom the Pope took his name. Pope Francis has been called “the revolutionary Pope.” Before he became Pope Francis, he was a Jesuit Cardinal in Argentina …
At what point are you willing to challenge your own notions of what’s really going on? Can you even imagine that the mavens of the Money Power would threaten human survival to serve themselves for even bigger personal profits? Ellen’s guest, researcher Dane Wigington, has a trove of data to suggest that they would. And they do so in the form of geoengineering, a covert tool allegedly being used to control natural systems for private profit. We also hear commentary from Matt Stannard about the economics of the Baltimore uprising and from Marc Armstrong about America’s only publicly-owned depository bank, the Bank of North Dakota, which just issued its latest annual report — it’s another record-setting winner!