Ellen Brown – California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008. These funds, or some of them, could be transferred to an infrastructure bank that generated credit for the state – while the funds remained safely on deposit in the bank.
California needs over $700 billion in infrastructure during the next decade. Where will this money come from? The $1.5 trillion infrastructure initiative unveiled by President Trump in February 2018 includes only $200 billion in federal funding, and less than that after factoring in the billions in tax cuts in infrastructure-related projects. The rest is to come from cities, states, private investors and public-private partnerships (PPPs) one. And since city and state coffers are depleted, that chiefly means private investors and PPPs, which have a shady history at best. Continue reading
Joseph P Farrell – Every now and then an article is emailed to me that is so off-the-beaten-track that I simply have to talk about it. Regular readers here will know why: I simply cannot resist an opportunity for high octane speculation. This is one such story, for Mr. V.Z. sent me story that I wasn’t even aware of: not even the so-called alternative me has covered this one, except in one lowly article that is ostensibly about Trump appointing a “judge” to stop those “destroying America,” but the bulk of which is curiously about a dam in northern California.
It’s inspiring to witness many of the earth’s people, especially in the Western world, becoming aware of the deep corruption in our social system, particularly because society is building its innate capacity to actually do something about it.