Uploaded on Wednesday 18 November, 2015 to the world order
European sovereign debt: Reverse migration post colonization
When one speaks of European migration, it is usually understood that one is talking about people migrating from colonies, developing countries or third world countries to the affluent European continent. In our times, however, a new phenomenon has befallen the inhabitants of Europe. The economies of the member states which make up the European Union are stagnating and mired in debt. Young people are finding it increasingly difficult to find stable work in their respective fields, for which they have spent years training for, and hence, look elsewhere to start new lives. Some even contemplate immigrating to the former colonies, in what is called "reverse migration".
Ellen Hodgson Brown, President & Founder of the Public Banking Institute (PBI) and author of such books as "The Web of Debt", The Public Bank Solution", addresses the PBI 2012 conference in Philadelphia.
Victoria Grant, seen here aged 12 years old, addresses the first annual Public Banking Conference in Philadelphia, PA. Her father and she discovered that the debt money system was what was wrong with the Canadian economy and decided to do something about it.
The Bank of North Dakota was established by legislative action in 1919 to promote agriculture, commerce and industry. North Dakota is the only state to have escaped the credit crisis. For every year since 2008, it has run a budget surplus and it has the lowest unemployment figures in the US, the lowest default rate on its loans and the lowest foreclosure rate.
Mike Krauss, Chairman of the Pennsylvania Project, puts forward his proposal, based on the success of the Bank of North Dakota, to create a Public Bank for the state of Pennsylvania. Such a move would free the state from the clutches of the Fed, reduce the debt burden, boost investments and serve the public interest.
Most people hold the view that their bank deposits are safe with the big commercial banks, however, this assumption is not based on the facts. This video features official government documents detailing information that should sound anyone's alarm bells [edited].