Geopolitical Economy Report cover image

Understanding money and the dollar system's contradictions with Radhika Desai & Michael Hudson

Geopolitical Economy Report

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What Is the Difference Between Private Banking and Public Banking?

After World War I it turned out that instead of having the productive socialized German system you had finance capitalism or neo-futal money under the direction of the United States which has always followed the British system short-term hit and run grab. The more you can impoverish the debtor the more money you have in your own hand is opposed to public banking so this is all important as is money and credit we're back to is it going to be a public utility run in the public interest by governments or will it be run by bankers whose objective is to impoverish the economy in order to enrich themselves? So maybe we've got been going on for quite a while now we have certainly passed

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