"HOT MONEY"...

 with General Wesley Clark & his son, Wes, Jr., & directed by Susan Kucera ("Living in the Future's Past", narrated by Jeff Bridges).  Too bad Clark Sr. wasn't elected President when he ran awhile ago.  It's on Amazon Prime, not the best production for a doc, but the content is on the mark.  It shows precisely why:

1.  the global financial world is so fragile, & why mega banks should be broken up ASAP;

2.  there's so much economic inequality;

3.  most national gov'ts (including ours) are not seriously addressing Climate Change [only some cities & States in the USA are, & that's insufficient];

4.  mostly, the transformation to clean energy is going at a snail's pace;

5.  Climate Change already has started the destruction of the worldwide financial & economic systems;

6.  the new normal will involve mass human migrations never seen before;

7.  too many people apparently fail to recognize the paradigm shift in values which must occur if we are to survive & thrive in the future; and

8.  too many people are wrong when they believe that Tech will save us in time, therefore to them, there's no urgency about any of this, no need to drastically alter politics, the economy, or the financial system...much less our values.

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I imagine this documentary is found not only on Prime, but elsewhere online as well.  Look for it if you really want to understand what's going on currently, and what's required to avoid complete catastrophe.  Off & on, I've been studying this for 50 years (started in 1972 at Arizona State U.), so please believe this:  humans are facing the greatest Crisis in our history, and climate disruption is only a part of it.  The "experts" think we have until 2050 to mitigate the problem & thus avoid total societal breakdown.  In all probability, I believe that benchmark should be moved to the year 2035.  Why?  Because much more than climate is involved.  

It's time for all of us to take this seriously.  Much can be done on the micro scale, & much "lobbying" (of sorts) needs to be done on the macro scale.  Politicians will engage in window dressing efforts unless there's an outcry from the ground up.  History has proven such.

Best of Due Diligence to Everyone

p.s.  STEP 1:  stop believing the Edward Bernays style propaganda put out by most of the Powers-That-Be.  For example, it will take much more than Tech to avoid catastrophe.  Don't believe anyone who says otherwise.

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Not only my opinion.  Be Well

Two Reasons Why Banks Should be Public Utilities, Not Private Businesses

 https://www.sciencedirect.com/science/article/pii/S1057521914001070

Those of us who for years have maintained that this happens have been looked upon as "strange".    Well,  here's empirical evidence... as incredible as this may seem, it's the 1st scientific study of the issue.  Keep in mind - we're not talking about a Central Bank here; rather, it's individual private banks that do this.

At least read the Abstract at the link above... it's short.

Wouldn't you love to collect interest payments on something you created out of "thin air"? 

This is one reason why banks should be publicly owned - public utilities - not private institutions... better accountability if publicly owned.

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The other reason why banks should be public utilities is as follows.

Technically and legally, when you make a bank "deposit" into your "account", what you're really doing is loaning the bank some of your money.  The bank takes on a "debt obligation", and the money deposited essentially becomes theirs.  The bank owes you money, but not that specific money.  

https://www.youtube.com/watch?v=EC0G7pY4wRE

Plus, thanks to a policy of the G20 Financial Stability Board, thirty mega banks can convert the loans made to them by "depositors" into equity shares in the bank in the case of a financial crisis.  That's true even if the bank is failing during a crisis.

In the USA, some people think - so what?  Who cares?  Our money in banks is protected by FDIC funds, right?  Yes, but here's the catch:  the FDIC fund total varies, but is in the billions (much less than one trillion); the total amount of "deposits" in U.S. banks also varies, but usually is close to $15 trillion.  Do the math.

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Banks, especially mega banks, are a big cause of gross inequality in this country.  We need public banks, and a banking model similar to the one in Germany... an emphasis on small, local banks.  Germany probably has the best banking system in the world, and the USA most likely has the worst.

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Not only my opinion.  Be Well