June 16, 2022 -Ellen Brown, Founder and Chair of the Public Banking Institute; Dr. Nomi Prins, PhD, renowned author, journalist and speaker; and Cornell University Professor of Law and Finance Robert Hockett engaged an enthusiastic audience for an emergency town hall meeting on June 16, 2022.
Against the backdrop of skyrocketing inflation and looming economic recession, the speakers analyzed the causes of the economic crisis gripping the United States economy, and offered bold solutions. They detailed the growing divide between the mass of financial paper in circulation and the dwindling productive economy , and made it clear that the only way out of this crisis is to produce again. One solution is the enactment by Congress of a new National Infrastructure Bank as outlined in H.R.3339. Another proposal is the creation of a National Reconstruction and Development Council to coordinate an aggressive revival of American production.
The $5 trillion National Infrastructure Bank will require no new federal dollars and no new federal taxes. It will be big enough to fix everything and build new 21st Century infrastructure and industry. The National Reconstruction and Development Council will be modeled on the highly successful WWII War Production Board. The WPB and the Reconstruction Finance Corporation oversaw the most powerful expansion of industry ever conducted by the United States.
Please watch this dynamic exchange and share it with your friends.
Speakers:
Ellen Brown - Founder and Chair, Public Banking Institute; author “Web of Debt”; media commentator including Scheerpost.com, Los Angeles, Ca.
Dr. Nomi Prins, Phd - Author: “Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever”, “All the Presidents’ Bankers”; former Managing Director, Goldman Sachs; Commentator: CNBC, Fox Business, CNN, MSNBC, New York Times, Ojai, Ca.
Robert Hockett - Edward Cornell Professor of Law and Finance, Cornell University; Public Banking Institute Board of Directors; adviser to federal and state legislators; former staff Federal Reserve Bank of New York, International Monetary Fund, Ithaca, NY
Alphecca Muttardy - professional economist; former Senior Economist, International Monetary Fund, Fairfax, Va
Assemblyman Felix Ortiz - former Assistant Speaker, New York Assembly; Co-Founder and former Chairman, National Hispanic Caucus of State Legislators, Albany, NY
Moderator - Robert Lynn, Secretary, Toledo Jobs with Justice; UA Local 50 Organizer (retired), Toledo, Oh