We need to prepare for the day we win the Revolution. The first bank reform would be to seize the Federal Reserve and issue a non-interest bearing currency like Lincoln’s Greenbacks.
Since the banks are all bankrupt, setting up cooperatively owned banks would be easily accomplished as the taxpayers already paid for the purchase.
Listen to this woman economist explain how interest harms 90% of the population and how this can be undone.
I should add that as an American who is in part of Swedish descent that I would not want to be part of a co-operative bank that allowed deadbeats to vote for bank officers until they had established a better credit rating.
This next video explains how the system works. It would work better if they had large deposits from the US Treasury.
This video explains how a co-operative bank can encourage savings. If we are to create jobs, we need to increase savings.
This final video explains how the JAK Bank can help groups to band together
to save money on interest.