Paul Tepper and Paulina Gonzalez: About $19 million goes annually to pay bank and ATM fees, rather than to help parents pay for their kids’ needs like co-pays for medicine, school supplies, heating bills, or transportation to work and school.
Ellen Brown: Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.
Ellen Brown: The rules have been changed before and can be changed again. Depressions, credit crises and financial collapse are not acts of God but are induced by mechanical flaws or corruption in the financial system. Credit may stop flowing, but the workers, materials and markets are still there. The system just needs a reboot.