Profile

Cover photo
Spencer Gibbs
Attends University of Utah
3,078 followers|38,022 views
AboutPostsPhotosYouTube

Stream

Spencer Gibbs

Shared publicly  - 
 
 
Economics 101... When the structured liabilities of producers is reduced or eliminated the discretionary output of those same producers increases proportionately.

If tax law is cognizant of this simple fact it can truly develop revenues that can significantly benefit society.

Until that takes place, those revenues will be slow to grow, and so will the economy they emerge from.
2
1
Chris Dyer's profile photo
Add a comment...

Spencer Gibbs

Shared publicly  - 
 
So convenient for them to use chemical weapons in the exact spot the US would like regime change for proposed oil and gas pipelines
1
Spencer Gibbs's profile photo

Spencer Gibbs

Shared publicly  - 
 
 
Ellen Brown: The Leveraged Buyout of America --  http://www.occupy.com/article/ellen-brown-leveraged-buyout-america

Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the money?

#TBTF

In a letter to Federal Reserve Chairman Ben Bernanke dated June 27, 2013, U.S. Representative Alan Grayson and three co-signers expressed concern about the expansion of large banks into what have traditionally been non-financial commercial spheres. Specifically:

"[W]e are concerned about how large banks have recently expanded their businesses into such fields as electric power production, oil refining and distribution, owning and operating of public assets such as ports and airports, and even uranium mining."
...
All this helps explain why the largest Wall Street banks have radically scaled back their lending to the local economy. It appears that their loan-to-deposit ratios are low not because they cannot find creditworthy borrowers but because they can profit more from buying airports and commodities through their prop trading desks than from making loans to small local businesses. 

Small and medium-sized businesses are responsible for creating most of the jobs in the economy, and they are struggling today to get the credit they need to operate. That is one of many reasons that we the people need to own some banks ourselves. Publicly-owned banks can direct credit where it is needed in the local economy; can protect public funds from confiscation through “bail-ins” resulting from bad gambling in by big derivative banks; and can augment public coffers with banking revenues, allowing local governments to cut taxes, add services, and salvage public assets from fire-sale privatization. 

video below: PublicBankingTV video on the #bailIn threat

People think that money is safe in the big banks because the #FDIC will protect the deposits. This assumption is not based on the facts. 
1
Add a comment...
In their circles
3,041 people
Have them in circles
3,078 people
Tiger FX's profile photo

Spencer Gibbs

Shared publicly  - 
 
 
"ONE OF THESE IS THE REAL ECONOMY"
1
Add a comment...

Spencer Gibbs

Shared publicly  - 
 
buy bitcoin from me on localbitcoins bitstamp price +5%
1
Add a comment...
People
In their circles
3,041 people
Have them in circles
3,078 people
Tiger FX's profile photo
Links
Education
  • University of Utah
    present