banking for the people Not the Bankers
Next year is the 90th anniversary of the Wall Street Crash. The Great Depression that followed that market meltdown led to new economic thinking. It spawned the "New Deal" - full employment policies, increased spending on welfare, & a new set of multilateral organizations. Unfortunately, we haven’t learned from these lessons. The rich are partying like its 1929
After 2008, the G-20 agreed to new banking rules for the next financial calamity. These new rules will allow banks to take money from depositors & pensioners globally, & we have actually agreed to implement them! Governments are basically saying that they are no longer going to be responsible for bailing out the big banks. The banks are going to have to save themselves & the way they’re going to have to do it is by "bailing in" the money of their creditors (that's a technical term for taking your money). The largest class of creditors of any bank is the depositors.
This course will focus on Ellen Brown's book 'The Public Bank Solution: From Austerity to Prosperity' & discuss the challenging issues that are raised: such as how the benefits of bank credit can be maintained while eliminating risks of having your deposits ‘bailed-in’, through a system of banks operated as public utilities, serving the public interest & returning their profits to the public. Sound radical? Hell yes, but that's what we need.
Moderator: Pat Simke
Date and Time: Friday afternoons March 1 and 8 (2 weeks) from 2-4 PM
Location: OISE, 252 Bloor Street West, Room TBA
Cost: $12
Maximum Class Size: 15
Booking: See Terms and Conditions. Please note, maximum of two spots per person. When the course is full, to go onto the waiting list, please send us an e-mail at [email protected]
After 2008, the G-20 agreed to new banking rules for the next financial calamity. These new rules will allow banks to take money from depositors & pensioners globally, & we have actually agreed to implement them! Governments are basically saying that they are no longer going to be responsible for bailing out the big banks. The banks are going to have to save themselves & the way they’re going to have to do it is by "bailing in" the money of their creditors (that's a technical term for taking your money). The largest class of creditors of any bank is the depositors.
This course will focus on Ellen Brown's book 'The Public Bank Solution: From Austerity to Prosperity' & discuss the challenging issues that are raised: such as how the benefits of bank credit can be maintained while eliminating risks of having your deposits ‘bailed-in’, through a system of banks operated as public utilities, serving the public interest & returning their profits to the public. Sound radical? Hell yes, but that's what we need.
Moderator: Pat Simke
Date and Time: Friday afternoons March 1 and 8 (2 weeks) from 2-4 PM
Location: OISE, 252 Bloor Street West, Room TBA
Cost: $12
Maximum Class Size: 15
Booking: See Terms and Conditions. Please note, maximum of two spots per person. When the course is full, to go onto the waiting list, please send us an e-mail at [email protected]