The status of the dollar as global reserve currency is being threatened by
new international monetary powerhouses and the limitations of its debt-based
control. This week, Ellen speaks with Mark Pash of the Center for
Progressive Economics, who believes that issuance of currency as debt has
outlived its usefulness and should be replaced with a credit-based model
that covers basic human needs prior to personal accumulation of additional
affluence. Ellen also speaks with Mike Krauss on petro-dollar politics
upending America's hold on global trade as the reserve currency. On the
Public Banking Report, co-host Walt McRee talks with John Leonard of the PA
Project about new public banking initiatives in one of America's abandoned
industrial centers, western PA, and the promise that public banking agencies
may offer to reviving the economy that region.
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