Oh, boy, the banks and their corporate and political lackeys are tripping all over themselves, trying to figure out how to keep cannabis a class 1 narcotic, while making money off deposits from the industry, while arguing against the United States Postal Service (USPS) getting into the banking business. This is delicious!
When medical marijuana was just coming into its own, on its way to the current total of 20 states and the District of Columbia (with an additional 13 now considering medical marijuana), the Justice Department reneged on its initial promises and let its owners, the banks, stifle the industry by refusing to allow dispensaries to set up accounts, on the premise that possession of cannabis was still a federal crime. This would be funny, if it weren't so sad, with the criminal bankers using "the law" to exert pressure wherever it benefits them.
Then, Colorado and Washington state legalized cannabis in November and, on the heels of that, Sen. Elizabeth Warren is pushing a bill to allow the USPS to provide banking services, to help the 28% of Americans who don't have accounts and who are victimized by the usurious paycheck cashing scams (with the help of the big banks).
Immediately, the Justice Department announced that it wouldn't enforce money-laundering laws against banks that did business with cannabis enterprises. One would think that the banks would be eager to have all that cannabis industry cash in their vaults, but Don Childears, the President and CEO of the Colorado Banking Association said that the banks "need the permanence of law versus changeable guidance."
Childears arguments, whether doing his damnedest to prevent the citizens of Colorado from voting on a publicly owned state bank, or acting as if money laundering laws were really a threat to his bosses, are the height of disingenuousness. If the central bankers were really concerned about "the government" (which they own) making waves over money-laundering, they would have shut down their chief money-laundering venue, HSBC, years ago, but they haven't. Why? Because the central bankers control the biggest drug cartel on the planet. The problem with the Johnny-come-lately pot growers is that they are elbowing their way into the bankers' markets and the banksters don't like it. One wonders when they will be wiped out, like the cartel did to the small growers in Mexico.
But what can the central bankers do, caught up in so many lies? Unless the Congress acts quickly (yes, I know that's an oxymoron) to amend banking and drug laws (and clearly they will not), this could be a tremendous opportunity for the cannabis industry and public banking advocates to begin to loosen the stranglehold that private banks have over money creation, the economy, and virtually all the key corporations, governments, resources, and assets on the planet. With state banks that permit deposits from cannabis businesses and a national postal bank--not necessarily the one Senator Elizabeth Warren is proposing, but similar to Japan (whose postal bank is the large public depository bank in the world) and New Zealand, abhorrent as such an idea may be to the banksters--one could begin to imagine the light of freedom at the end of the tunnel of usury, debt slavery, and war, ignorance, and disease for profit.
The USPS would help those underserved
by the for-profit banks
http://dish.andrewsullivan.com/2014/02/05/banking-on-the-postal-service/
Not that the central bankers are shaking in their boots, since they have long since destroyed the rule of law and operate on a business model based on fraud and worse, but at this point, we are more than happy to heighten the contradictions of their lies, so that any of our fellow citizens, who remain unconvinced that fascism (corporate control over the state) has come to America, might pause and reconsider what is going on here.
Of course we will have fascism in America but we will call it democracy! --Huey Long
Robert Bows
Copyright, 2014
# # #
[We are pleased to announce that our book, 7 Steps to Global Economic and Spiritual Transformation, is now available online at Amazon and at Barnes and Noble.]
Could you explain what these USPS branches would do? Would they make loans? Would they open and service checking accounts? Would they cash checks for NON customers?
ReplyDeleteLast week, a white paper (pdf) from the USPS inspector general revived the idea of letting our post offices offer basic financial services:
DeleteThe report suggests three types of potential products. First, it proposes a “Postal Card” that could make in-store purchases, access cash at ATMs, pay bills online, or transfer money internationally. Customers with paper checks could cash them at the post office or deposit them through their cell phones, loading them onto their Postal Card. Second, the USPS could offer an interest-bearing savings account, again through the Postal Card, encouraging savings from communities with little in the way of a personal safety net. Finally, the Postal Service could offer small-dollar loans, effectively an alternative to costly payday lending. The fees on all these services would be drastically lower than anything in the marketplace today.
Of course, this proposition could be improved, but it is a good first step.
Also, in addition to these banking functions, the bigger picture objectives include:
1. Stop closing US Postal Service mail processing plants.
2. Stop closing rural post offices.
3. Keep 6 day delivery of mail in America.
4. Return the postal service to the delivery standards prior to July 2012.
5. Return the overfunding of retirement accounts to the postal service.
I would add that, at some point, the Congress needs to rescind the law that the USPS funds its pension 75 years in advance, which is what is causing all the financial problems. This while the Congress allows its masters, the banks and corporations, to steal from Social Security, corporate, and public pensions.
Mr. Bows, this nation became great because of the free enterprise system and private incentives. If you want a Public Bank, I suggest that you move to North Korea, to a socialist state that you are promoting. To suggest that the Postal system also become a national banking system is inane. A third generation Coloradoan, it has been sad to see how this state has deteriorated over the past 12 years from one of grandness to one of many liberal, socialist, takers of the tax payer funds under the pretence of being entitlements when what they are taking is really welfare payments taken from the hard working, tax paying individuals and businesses.
DeleteMelody, there are so many misconceptions in your statement, but let me see if I can tackle them one at a time.
DeleteYou write: "... this nation became great because of the free enterprise system and private incentives." And you define "great" how? The history of colonial America and the U.S. is the history of the banks versus the people. The original 13 colonies and the Continental Congress and Abraham Lincoln all created sovereign currency, until the private Anglo-European banksters stopped them.
You write, "To suggest that the Postal system also become a national banking system is inane." Evidence please. The largest retail depository bank in the world is the Japan Postal Bank.
You write, "A third generation Coloradoan, it has been sad to see how this state has deteriorated over the past 12 years from one of grandness to one of many liberal, socialist, takers of the tax payer funds under the pretence of being entitlements when what they are taking is really welfare payments taken from the hard working, tax paying individuals and businesses." Actually, both Democrats and Republicans have hastened the privatization of public services, such as Owens and Hickenlooper both selling our toll roads to the banksters. We, the taxpayers paid for it and then these prostitutes (both the red and blue party are owned by the banks) sell it.
Please read Article I, Section 8, of the U.S. Constitution. You will see a variety of powers assigned to Congress--including building roads, creating a postal service, raising an army, and "coining" money--all of which are SOVEREIGN powers. For you to claim that this is socialism, or liberalism is rubbish.
Hopefully, you are aware that the Federal Reserve became law in 1913 with only three persons present in the Senate. You should spend some time investigating the crimes of the Anglo-European banksters.
One more point regarding "... this nation became great because of the free enterprise system and private incentives."
DeleteThe industrial economies of the West were built from credit. Credit can be made available by virtually any economic/monetary system. Because this was done in the West under a capitalist system, the banks end up owning all the assets. This can hardly be characterized as a "great" outcome. https://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world/