By Ellen Brown / Original to ScheerPost U.S. banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put 3 others on negative outlook. This follows sweeping downgrades earlier in August by Moody’s, which cut credit ratings on ten banks and placed four of the fifteen largest U.S. banks on review for possible downgrade. As with the banks going into receivership earlier this year, concerns include interest rate risk due to unrealized losses from long-term securities.
Thanks to you and the team for the continued campaign to create the $5 trillion National Infrastructure Bank as embodied in H.R.4052, the National Infrastructure Bank Act.
As stated elsewhere, the goal to create the $5 trillion National Infrastructure Bank (NIB), modelled on Alexander Hamilton’s First Bank of the United States.
The good news is that while significant obstacles remain, real progress is being made in the area of clean energy via a rapid shift toward targeted investment in advanced Nuclear Technology.
This is NOT an accident.
.
It is the PLAN.
The federal govt does not use taxes to fund its spending including interest.
Thanks to you and the team for the continued campaign to create the $5 trillion National Infrastructure Bank as embodied in H.R.4052, the National Infrastructure Bank Act.
As stated elsewhere, the goal to create the $5 trillion National Infrastructure Bank (NIB), modelled on Alexander Hamilton’s First Bank of the United States.
The good news is that while significant obstacles remain, real progress is being made in the area of clean energy via a rapid shift toward targeted investment in advanced Nuclear Technology.