Wed, 5 November 2014
CW 435: Central Banks vs Public Banks with Ellen Brown Author of ‘The Public Bank Solution’ & ‘Web of Debt’
Jason Hartman deals with issues in his introduction such as how to deal with your property manager, what we need to know about monetary policy and considers just how intricate the links between politics and real estate investment really are.
In the interview portion of the show, he talks to author Ellen Brown about her books Web of Debt and The Public Bank Solution about public banks worldwide, whether we need a Central Bank and if there can ever be a realistic option for funding which doesn’t include Wall Street.
02.58 – We have to really understand monetary policy because it always has a direct impact on real estate investors and their tenants
05.00 – Politics and real estate are so interlinked you just can’t have one without the other.
10.51 – You need to ensure you retain the control position with your property manager.
18.08 – The US only has one state-owned bank, compared with 40% of publicly owned banks worldwide.
22.28 – The public banks have always done better when they’re in the small community-style markets that they know. As soon as they branch out, the problems arise.
27.50 – The main difference between a credit union and a public bank is the size of the depositor. Credit unions are great for individual depositors, where public banks have a city or state as its main depositor.
31.50 – Historically, countries like Australia have shown us when Central Banks do and do not work.
36.35 – Jason Hartman takes the matter and asks “Do we even really need a Central Bank?”
37.35 – Ellen Brown remarks that she would opt for a bottom-up government where each level is selected by people that personally know the individual.
40.04 – People are using money to work their way higher and higher, and now we’re at a point where banks own businesses which they really shouldn’t. They should be in banking.
41.35 – There may be a chance that crowd-funding initiatives can remove Wall Street from the funding equation.
44.45 – For more information about Ellen Brown and her published works, head to www.EllenBrown.com
Mentioned in this episode
Web of Debt by Ellen Brown
The Public Bank Solution by Ellen Brown