It’s Our Money With Ellen Brown – Viking Economics – Sharing Prosperity
How did Scandinavia become the world leader in successful, equitable economies? People. Like the farmers of North Dakota a hundred years ago, the people pushed back against the failures of the controlling economic elite. Author and professor George Lakey talks with co-host Walt McRee about his book “Viking Economics” and discovers many parallels to today’s America. And there’s big news for the public banking movement out of New Jersey with one of the major mainstream candidates for Governor announcing his intention to form a state-owned public bank to address chronic state fiscal issues. Later on the Public Banking Report, Mike Krauss talks about how imperiled pension funds can save themselves by investing in their own public bank.
(Audio length 00:57:51)
We will see how much poverty will impact Denmark when the housing bubble crashes. Apparently that is what the central bank of Denmark wants. The housing market crashed just 8 years ago, and the central bank wants price declines again, already! I am not sure if Scandinavian nations are immune from mispriced risk and subsequent liquidation from the central bank. Unlike in the US, where some markets were bubbled and some were not, but the Fed unfairly crashed it all, in Denmark, you have a small nation with a pricey market. The Danes are, according to this article, not immune from economic shock. www.bloomberg.com/.../banks-told-be-ready-for-customer-pain-when-denmark-s-rates-rise