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Episode 257 - Pubic Banking feat. Josh Androsky (10/25/18)
🕑 Added 2018-10-25 19:24:04 +0000 UTC Josh Androsky stops by to explain Public Banking to us, and his work to bring a Public Bank to Los Angeles. We also talk about bombs, the problem of old people having access to the internet, and David French's attempt to pitch the NBA to conservatives.Thanks also to James Adomian for bringing Bernie Sanders to the Yes on B rally.
Donate to YES ON B: bit.ly/YESONB-LA
website: publicbankla.com
explainer video on measure B: https://youtu.be/K5BVrvwgV8E
Comments
Kyle
Anyone know what boomer fake news study he’s talking about?
nickelwaffles
Did you know that the members of Chapo Trap House are fallen Wizards AKA MUDBLOOD DEMENTORS??? <a href="https://medium.com/@nickwalther_65101/chapo-trap-house-is-a-gang-of-mudblood-beta-dementors-cucks-8d1c48955201" rel="nofollow noopener" target="_blank">https://medium.com/@nickwalther_65101/chapo-trap-house-is-a-gang-of-mudblood-beta-dementors-cucks-8d1c48955201</a>
greg n simmons
Daniel is correct. Commercial banks do not lend out deposits. When they make loans they create money out of think air, which is how the great majority of money is actually created. But don't take it from me, take it from the Bank of England: <a href="https://positivemoney.org/2014/03/bank-england-money-money-creation-modern-economy/" rel="nofollow noopener" target="_blank">https://positivemoney.org/2014/03/bank-england-money-money-creation-modern-economy/</a>
Brian Hurley
Please have Abby Martin on thx
Andrew Crowley
Steve Ballmer is the owner of the Clippers. And Nick Young was engaged to Iggy Azalea.
Casper Kareem
Cant believe they got this wrong but Iggy Azealia was dating Nick Young at the time. Come on (meanwhile, Ariana just broke up with Big Sean at around the same time)
CorporateRat
No he's correct, depository institutions lend out of deposits. Central banks, such as the Bank of England and Burdesbank, are granted the authority to create money to buy assets or really anything. Your local banking branch is not doing this though.
lyle menendez
Fuck the Dodgers
SJ
Was it funny when Finkelstein called BDS a cult? I would guess most of Chapo's Patreon listeners would find that very unfunny. I doubt Felix would have much interest in an anti-BDS spokesperson. But a chat between Norman and Amber, maybe Matt, about the pitfalls of politics-as-identity could work. But not on a regular show. ... Re humor: I find Chapo funny & I find Jane Austen funny, both fall out of my chair funny. But Felix "Bang my back walls" Biederman has a different sort of humor than Jane "I do not want people to be very agreeable" Austen. Not easy or useful to mix.
Daniel Carter
I like Josh but his model of banking is wrong. It reminds me of that old literary quote "fiction has to make sense where as reality doesn't". Franctional reserve banking is not how banks actually work. It's how they're supposed to work by law but as we learned in the 2008 crisis (or many other crises before if you were really paying attention. Banks don't follow the law. In reality banks don't loan out deposits. They normally just create the loan out of fin air. The Bank of England and Brundesbank have already admitted this. 95%+ new money in western economies comes from commercial banks not central banks. They create money then give it to you as a debt obligation, charge interest and still end up insolvent (losing money). It's magical!
Ronnie Gardocki
I liked the guest until I realized he was a Dodgers fan. Fuck the Dodgers
Reverend Carter
its a great monument to the real estate grifters who built it and still own like half the city.
Michael S. Judge
I've been woken up so many times on cross-country drives by the transition from highway to bridge, opened my eyes, and said, "What the FUCK is THAT"
Evan
make this public
John S
thought this was going to be boring but it was great
loobahood8b
correction: the ENTIRE memphis pyramid has been converted into a bass pro shop. also alex jones did a video outside the pyramid, claiming it was a previously a center of globalist occult ritual. there's a crystal skull or something hiding in the top. alex is very glad that it's a bass pro shop now, though.
Caitlin Barker
I never comment on these things but Nick Young was dating/engaged to Iggy Azalea.
JF
the Cosby trio rides again
keith pulitano
Public banking would rule in nyc ( and elsewhere ) for labor unions. One of the biggest problems facing unions in construction is that the banks are funding the development of building using non union labor. During the crash this happened because developers said they couldn’t afford to build with union labor and the banks agreed to fund them, but now its common place and the developers are walking away with insane amounts of profit. The banks are so big that even when unions use the tactic of threatening to pull the pensions from the bank, the banks don’t give a shit at all. They have all the money in the world.
Robby Vocke
This episode, or at least the stuff about public banking, should be unlocked.
gamerunknown
Comment on reclaiming laptop was a little glib: surplus can be extracted from any form of waged labour and all labour has its physical antecedents. If you're working from home programming for a company, then given a social revolution you can find some other more useful avenue to expend your time in conjunction with others, just as in a factory floor people would decide that in a plenum or something.
Reverend Carter
ilove the bass pro pyramid saga. the biggest grift in the city next to the grizzlies.
Incog Negro
HAWT!!!
skrrt vonnegut
Measure B, also known as the County of Los Angeles Safer Sex In the Adult Film Industry Act, is the law that requires the use of condoms in all vaginal and anal sex scenes in pornography productions filmed in Los Angeles County, California.
skrrt vonnegut
stavvy IS the model of cumtown. our beautiful plus size male model
Bryce King
Dude. Weeeeeeeeeeeeeeeeeeeeeeeeeed lmao xd 111!1
crank
"Take a PIckle Rickshaw to the polls"
crank
I mean he doesn't joke about loud packs or anything.
crank
See if you can find the clip about him talking about how he felt when his shoes were stolen while he was a Maoist. Also he's pretty funny in the Documentary at points.
boltactionbeaut
A Chapo episode? On time? Did Stavos sit you down and show you the Cumtown model?
realm lich
I mean, we're talking about a really subjective thing here. But there's a series of videos on youtube where Frankenstein teaches a class about free speech. He was pretty funny in that. I mean, i'm never out-loud laughing at anything he's said, but more importantly than being funny, what he's saying for over three decades is deeply fucking important.
David Zysk
I've seen Finkelstein a whole bunch of times but I never saw him being funny. Is there anything online that shows his humor?
Igor Calija
"You must Pickle Rick to the polls" is the funniest thing a Chapo guest host has said in ages.
Thomas Sankara
Androsky is awesome- just raw and unsanitized
Brent Johnson
Unlock the public banking part
Spencer horne
Dorky weed jokes
Daniel Petrovic
Of course it's Nazi GOLD!!! I would not expect Chapos to soil their hands with no fiat currency.
@smokeyrivers
For the record Nick Young was dating Iggy Azalea
bingo bob
I like when amber interrupts people
realm lich
He's got this really dry humor that just works.
realm lich
Totally agree.
crank
Finkelstein is honestly really funny. I am sure he could riff on his misguided teenage Maoist days.
realm lich
Androsky fucking slaps. This rules. Get norman finkelstein on your show.
