RE: post Apr 14 2021 22:13 utc |# 200
Your arguments still seem to me to be unjustified, spurious even.
“As to “simple interest”, the question remains as to why is the device interest sacrosanct? Are we to understand that it is ‘impossible” to have an effective financial system for a healthy economy without interest? Why is this topic not on the table?”
So your argument appears to be that all “fees” whether called interest or not for the use over time of money/resources which you didn’t have to begin with are unreasonable???
Is your argument that there “should be” some economic system where use of all resources should be without charge or even return?
“And the related question is this:…is the claim that sans public banking based on the same model as that devised by the bankers, it is not possible to effectively finance public works?”
That may be your question but it isn’t mine. Nor does it seem germane.
The public has the collectively agreed upon, not privately dictated, option to allocate the use-fee of the economically necessary “grease of trade and commerce” for collective benefit instead of going to private benefit – actually that appears to be a no-brainer.
“Banking is a profitable business.”
Certainly true when run by private interests for private corporate benefit. Especially if there is zero upfront cost for the creation of that which is used to generate interest and fees.
And public banking need not be run for “profit”, especially “profit” distributed to private interests, since it, Public Banking, only absolutely needs to cover expenses of management, instead of the additional cost of “dividends” paid to private owners who do nothing at all to justify their private parasitic vampirish extraction of wealth/value from the community.
The “earnest money” paid to cover those operational expenses CAN be adjusted so the cost of having access to and using the publicly generated “grease”, which you didn’t have but needed, CAN be used for creation of public hard assets or necessary public services, offsetting any other necessary means of levying and collecting the required funds for those things.
The whole point is the Community benefits any way you cut it, instead of loosing; which is what is inevitable when banking and the magical creation of the “beans” or “grease” of commerce is privately licensed out (given away) and unearned wealth is then extracted for private interests and private use.
Essentially such a private system becomes a license to rob the public through magical “lawfare”. That is what has been the case since the government giveaway which established a Private Banking System.
Are you arguing that there is an economic system where there would be no need for commerce? and no need to be allowed access to that which you didn’t have when creating longterm physical assets for yours and perhaps others present and future use?
Look around at where the standards of living have been and are continuing to improve for the community members. Look around you right here and what do you witness?
A responsibly run Community/society keeps the provision of free public education through university as well as free universal healthcare (as opposed to private for profit education and “sick care” for profit) as self evident most value returned for investment clear priorities.
Healthy communities focus on nurturing, supporting and developing its Human Capital. Private Banking, which is by its nature unearned extraction of wealth and value from society is purely parasitic with zero responsibility returned for the well fare of anyone but the private owners, the least of all the community it feeds on.
You appear to me to be trolling this whole thing.

Posted by: doesitreallymatter? | Apr 15 2021 0:44 utc | 203

Below is a short Xinhuanet posting about the US sending folks to Taiwan to piss off China
”
BEIJING, April 14 (Xinhua) — China has lodged solemn representations with the United States over the U.S. government sending a delegation to the Taiwan region, a Chinese Foreign Ministry spokesperson said Wednesday.
Spokesperson Zhao Lijian made the remarks at a press briefing when commenting on U.S. President Joe Biden sending a delegation of former U.S. officials to Taiwan, scheduled to visit the island from Wednesday to Friday.
Reiterating China’s firm opposition to any form of official contact between the United States and Taiwan, Zhao noted that this position is consistent and clear.
“We urge the United States side to strictly abide by the one-China principle and the three China-U.S. joint communiques, immediately stop any form of official contacts between the United States and Taiwan, prudently handle Taiwan-related issues, and refrain from sending any wrong signals to the ‘Taiwan independence’ separatist forces so as to avoid further damage to China-U.S. relations and peace and stability across the Taiwan Strait,” the spokesperson said.
”
I see that Russia seems to have been successful in getting Ukraine quieted down but neutering empire about Taiwan should prove to be more interesting since it does not seem to be a military confrontation….is this where the global economic shoe drops in some way?

Posted by: psychohistorian | Apr 15 2021 4:46 utc | 205

https://asiatimes.com/2021/04/cambodia-on-the-brink-of-death-from-covid-surge/
Poor Cambodia, they might be close to China, but only on the business side, their state revolution was unironically stopped when the corrupted Sihanouk returns.

Posted by: Smith | Apr 15 2021 6:52 utc | 207

Japan has authorized only the Pfizer, and it is slowly starting to vaccinate only the medical staff as of now. Seem they know that the rest is to no avail. Athletes were told they would have to leave within 48 hours after their game, + be vaccinated + have several tests while there. Many won’t accept that and the “little” blood clot problems will convince some to wait a bit more. Some of them have money, and know the money they value, so why should they accept to be guinea pigs (unlike those:
https://www.youtube.com/watch?v=Js0eq4mJ8Y4
https://www.dutchnews.nl/news/2021/04/experts-raise-concerns-about-test-events-some-will-have-10000-tickets/
Watching the slow fall of capitalism…

Posted by: Mina | Apr 15 2021 7:43 utc | 209

So a Muslim Ethiopian regime has committed massacres in the Christian holy cities of ancient Ethiopia and no one blinks?
https://english.ahram.org.eg/NewsContent/4/0/409084/Opinion/0/Ethiopia%E2%80%99s-genocidal-war.aspx
https://en.wikipedia.org/wiki/Kingdom_of_Aksum
Since Aby was sanctified with a Nobel prize to achieve the decades old project that may finally destabilize Egypt, why should he worry…
https://www.jstor.org/stable/26554818?seq=1
Sounds like Turkey destabilizing northern Syria the very same way in the 80s.

Posted by: Mina | Apr 15 2021 8:14 utc | 211

Smith
Vaccines do not work? Uh check Israel, UK, nations which have vaccinated more people than any other country, cases and deaths are constantly going down.
Israel, cases are now 190 a day. In january it was 10000.
https://graphics.reuters.com/world-coronavirus-tracker-and-maps/countries-and-territories/israel/
Same with the UK. 1730 cases a day now.In january it was 57000.
https://graphics.reuters.com/world-coronavirus-tracker-and-maps/countries-and-territories/united-kingdom/

Posted by: Zanon | Apr 15 2021 10:49 utc | 213

Smith
Thats true, although Brazil has not vaccinated as much people yet and I believe they have a big problem with the mutation and also a underdeveloped hospital care in some regions.
I general the vaccines seems to have low to very low protection against the mutations…

Posted by: Zanon | Apr 15 2021 11:19 utc | 215

@ Posted by: Iméra tou Ermí | Apr 14 2021 22:13 utc | 200
re. Public Bank
I think taking that power from the corrupt and unproductive banks and handing it to “the people” (the government bureaucracy) is a bit simplistic.
Rather I suggest that any liens and interest resulting from secured debt should belong to the public. Banks to receive payment for services related to making and servicing debt – public/private utility. Of course they only recently completed deregulation of the banking system – they are headed in the opposite direction because they do not serve the public interest.

Posted by: jared | Apr 15 2021 13:50 utc | 217

Vaccination in UK and Isr was made under very strict lockdown conditions, including limited travel and strict qurantine. Other countries do not apply that, although it should be rule n°1.
It makes sense that once vaccinated under strict conditions, the 70+ ppl who formed the majority of the deadly cases do not get affected. The problem is that they react well to the vaccine, because of their reduced immune system, in comparison with younger ppl who do blood clots!
That’s what I gather from reading the MSM. No med background here.
I now know 3 ppl who used ivermectin while having covid and got fine very quickly. But in Europe, you still need a prescription, and even vit. D is not properly advertised, not to imagine it could be simply distributed.

Posted by: Mina | Apr 15 2021 14:45 utc | 219