american system

Mexico’s Fight for National Banking Revives a Forgotten History

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Source: The Duran

From Strategic Culture

In Ellen Brown’s brilliant new article “Mexico’s AMLO Shows How It’s Done”, the researcher and national banking advocate made the powerful point that the only way to properly fight the neo-liberal order is for nations of the west to follow the lead of Mexico’s current President Lopez Obrador who recently announced the creation of a new network of national banks- of which over 3238 branches will be in operation by 2021. Obrador’s stated aim is to have 13 000 branches built across Mexico which would far outnumber the total number of all private banks and will also provide a vital tool for the economic liberation of Mexico.

This act is nothing short of heresy in the corridors of the neoliberal priesthood of our modern age. The “economic foundation” upon which today’s globalized world are premised assert that nation states may not participate in the marketplace. No price controls, no protective tariffs, no bank regulation and certainly no national banks. Following this gospel, nations are permitted to do war and promote various forms of population control… but nothing that pollutes the purity of the supposedly “free market”.

Of course, simply utilizing national banking practices by themselves is not

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