Chance DG 
Member since Sep 22, 2017


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Re: “Oakland to Host Forum on Public Bank Plan

"If every city had its own bank creating infinite money we would drive up prices for resources in limited supply"

This is exactly what private banks do today is it not? What a shame we have allowed a private cartel to control the US money supply and the subsequent costs we pay for granting them that privilege.

Posted by Chance DG on 09/22/2017 at 10:37 PM

Re: “Oakland to Host Forum on Public Bank Plan

An Oakland Public Bank has considerable merit, and it extends far beyond servicing the local legal cannabis industry (both medical and soon recreational). Yes there is an effort to create a state-wide public bank, but the success of that effort is far from a forgone conclusion, and in any event, the two are not mutually exclusive.

An immediate win would be the use of the bank as a depository for city fund, where the money can be used to support community needs and return interest to the City Treasury, rather than the current scheme of depositing that money in Wall St. banks that gouge the city while placing our deposits at risk via their use to fund shaky financial instruments. We know how that story ends.

Posted by Chance DG on 09/22/2017 at 11:37 AM

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