Friday, July 15, 2011

Taking back our lives

Of all the feelings that drive folks to fury, powerlessness must certainly rank close to the top.  And nothing quite causes a feeling of powerlessness like having someone you cannot even deal with directly wrecking your life.  Not surprisingly, in small ways and large, folks are discussing ways to take back some of their lost power.

German town takes back its energy grid
ENERGY | 12.07.2011
Seven towns in the Lake Constance region have combined efforts to run their own, independent energy company. Despite a few hurdles, they hope to create a trend that might challenge the power of Germany's big providers.
Regionalwerk Bodensee - a small energy company in the Lake Constance region of southern Germany - places a lot of importance on direct contact with customers.
Instead of call centers, it has customer service offices; Instead of hotlines, familiar faces. Its 37-year-old manager, Enno Steffens, claims that the business really belongs to the community that it serves, and that it is easy for the customer to get in touch with the right person when they have an enquiry.
Steffens sits at the headquarters of Regionalwerk Bodensee, located on the outskirts of Tettnang, a town of 20 thousand residents. He originally comes from the northern-German city of Bremen, and took on his position with the energy provider over a year ago.
He says Regionalwerk Bodensee has found a comfortable niche, providing energy for a region that used to be serviced by a subsidiary of one of Germany's largest energy providers, EnBW.
"We feel at home here," said Steffns.
One of the biggest supporters of this change in providers is Tettnang's mayor Bruno Walter.
He wanted to take the energy supply back "into our own hands."
So in 2008 the local power company was established and since then has been buying back the area's electricity grid.
Walter, in his late 40s, has always been fascinated with the idea of self reliant communities, even though its meant a lot more headaches for him.
Aside from his job as mayor, he is also the chairman of the supervisory board of Regionalwerk Bodensee.
Walter and Steffens play key roles as managers
"The last years have shown that there is more demand for communities to have influence on energy supply and to deal more directly with topics like renewable energy sources," Walter said. more
And there is that little subject of who controls the creation of money.
If government created money instead of debt: America’s brightest minds speak
Carl Herman, Nonpartisan Examiner   July 13, 2011 
The US suffers from debt-damned economics: a Robber Baron-era paradigm whereby the harder Americans work, the more in debt we collectively descend. The reason is public confusion between “money” (which the US does not create and use to facilitate trade) and “debt/credit” (which our government says is “money” and what is created). Our modern-day Robber Baron/oligarchs maintain this confusion with the willing help of US corporate media’s intentional obfuscation.
Here’s an interview to hear me discuss our predicament and obvious solutions.
So what do we do to stop transferring literally trillions of dollars of benefits every year from working Americans to oligarchs? With competent citizenry that understands, demands, and holds our group work (government) accountable for transparency, I recommend three concurrent strategies:
Unleash tens of thousands of state and city legislators on the idea that under current laws and regulations, they can form their own banks. The benefit is at-cost credit instead of current borrowing costs. For example, California would save ~$5 billion in interest costs every year with at-cost credit (this would re-hire 20,000 laid-off teachers at $70,000/year and still have $1.6 billion left-over). At-cost credit could also mean at-cost public mortgages (think 1-2% interest rate). The one state with the foresight to have their own bank and create their own credit rather than beg to Wall Street is North Dakota: the only state with a growing budget surplus. This is a function of at-cost credit, and has nothing to do with the specific use of the credit; that is, the savings apply equally to every state and their unique circumstances of using money (more resourceshere and here).
National monetary reform to create a “money supply” rather than government-issued debt securities. This breakthrough ends our national debt, allows government to be the employer of last resort for infrastructure investment for full-employment and the best infrastructure we can imagine, and provides trillions of dollars in annual benefits compared with our current parasitic debt system.
Revolt from our allegiance to criminal “leadership” in politics, economics, and US corporate media. I recommend a Truth and Reconciliation process to more quickly divide those willing to choose a “Scrooge Conversion” and help the American public see the “emperor has no clothes” facts from those who continue literal destruction, misery, and death upon Americans and the world.
Corporate media will not remind you, but many of America’s brightest historical minds understood and communicated that publicly-created money (transparent government is public/group work) ends government debt and can create full-employment. This is my “top-ten” list:
1. Thomas Edison (1847-1931) held over 1,000 US patents for his inventions and is considered among the most brilliant minds in American history. Edison understood the engineering of our monetary system and actively spoke for monetary reform. These seven paragraphs are from an interview with the New York Times in 1921 from a publicity tour Edison took with his friend and fellow inventor Henry Ford to discuss monetary reform. 
2. Thomas Jefferson (1743-1826) was the primary author of the Declaration of Independence, a foundation of American ideals. He was a scholar of the Enlightenment, including religious tolerance and freedom. He communicates strong understanding of banks creating credit that cause inflation to devalue everyone’s currency, the gambling of created credit such as we see today in credit default swaps and exotic derivative trading. 
3. Andrew Jackson (1767-1845) is the last US President to pay-off the national debt. He did so only after ending the Federal Reserve of his day, the privately-owned Second Bank of the United States. As did Thomas Jefferson, Jackson understood the subversive act and perpetual national debt with banks creating money to lend to the government. He did not understand the positive policy response of the government creating money directly for the payment of public goods and services; a missed historical opportunity.
4. Peter Cooper (1791-1883) was one of America’s leading inventors and businessmen. He designed and built the first US locomotive in 1830, the “Tom Thumb.” Cooper was the first to introduce anthracite coal into iron production in 1845, resulting in the US’ first wrought iron beams for construction. In 1854, Cooper was a founder in the telegraph company that created the first trans-Atlantic cable. Peter Cooper was the Greenback Party candidate for President in 1876. 
5. John F. Hylan (1868-1936) was Mayor of New York City from 1918 to 1925. New York has long been the US banking and financial headquarters, with the mayor’s office about a half-mile from the New York Stock Exchange. Hylan has two revealing communications in strong argument for monetary reform. 
6. These revealing comments come from two Chairpersons of the House Banking Committee, totaling 24 years of service in that position of comprehensive insight into American banking. Louis McFadden (1876-1936) was Chair from 1919-1931, and Wright Patman (1893-1976) was Chair from 1963-1975.
7. Benjamin Franklin (1706-1790) was a Founding Father of the United States and one of the most accomplished inventors and brilliant minds in human history. Among his achievements was contributing to the discovery of how to fund a government without taxes and its successful implementation in the colony of Pennsylvania.
8. William Jennings Bryan (1860-1925) was an attorney, one of the nation’s most popular public speakers, and the Democratic Party’s choice for President in three elections: 1896, 1900, and 1908. Bryan’s political populism centered on American monetary policy.
9. Charles Lindbergh Sr. (1859-1924) was a member of the House of Representatives from 1907-1917 (R-MN). Lindbergh’s powerful Congressional speech from his 1917 book Why is Your Country at War? is as strong and accurate a message that can be communicated.
10. The Great Depression in the US (1929-1941) motivatedprofessional economists to comprehensively and creatively address its causes. Upon consideration of previous US economic depressions, prominent economists proposed monetary reform as the nation’s most effective and practical policy response. This proposal was sent to a thousand academic economists from 157 universities, with 73% in full agreement with the proposal, 12.5% in approval with various considerations in its implementation, and only 14% in disagreement. more


  1. Sounds like you want to emulate the Eurozone countries. How's that working for them?

    The only reason NDak has the money to fund that program is because of our sovereign monetary system.


  2. Well I am most certainly NOT a fan of the Euro and have not been since 1992 so I am not sure what you mean by the Eurozone.

    I have been a fan of the North Dakota State Bank since I first learned about it in 1966.

    So what's your point(s)?

  3. I'm not an economist and probably agree with 100% of your goals (including NDak bank). But anyone equating US deficit with US debt has left the rails. The former IS a flow from Treasury to the economy - it IS the money we use. The latter is US treasury issuance of notes, bills & bonds in exchange for the money already out here and by logic, unnecessary. It funds nothing and provides risk free interest to the purchasers.
    So I guess Mr. Herman lost me in the first paragraph.
    The implication that our states depend entirely on the banks for "creation" of money or credit is false, but has been the millstone that the Maastricht treaty hanged on its member states.