EconomicPolicyJournal.com
This Blog
This Blog
Loading...
Monday, August 22, 2011I Warned You About the National Infrastructure Bank
On August 6, I wrote:
Now a long-time D.C. insider has tipped me off as to how the banksters plan to squeeze the next phase of the budget deal for their own benefit. This insider writes to me:
What hat trick do the “banksters” try next? IMHO, they love to hide their best and biggest tricks in plain sight.
It’s the “national infrastructure bank.” Leading Democrats on the Hill are teeing up a national infrastructure bank to be incorporated into the next budget deal. As an example, Chuck Schumer is proposing using the proceeds from a new, one-year repatriation tax to fund the start up costs of such a national infrastructure bank
Bottom line, the banksters have a key man in place to guide the next budget deal and turn it into a bankster feast. Expect the result to be the National Infrastructure Bank, which will act something like a domestic version of the IMF/World Bank. It will be initially financed via bankster money raising deals (where they will earn huge fees). The actual building of the infrastructure will be done by Obama's union cronies. To make it all work, you, as an average Joe Citizen will play a key role, designed by the National Iinfrastructure Bank, by paying tolls and fees for the use of these government granted monopoly projects.
Now, Mr. Insider, Nouriel Robini, has stopped his defense of the Federal Reserve for the moment to run propaganda for the coming National Infrastructure Bank, he just sent out this barrage of tweets:
"The Case for an Infrastructure Bank" by Felix Rohatyn. Oped column in the WSJ http://t.co/nA8CB9z
---
Bi-partisan (Senators John Kerry - D and Kay Bailey Hutchison - R) support for National -Infrastructure Bank.
---
If return > cost, debt financed pub infrastructure self pays either via user fees or the higher revenues that the increase in GDP generates
---
Either way fine & you can do project PPPs (Private Public Partnerships) @hblodget: Is the infra bank publicly owned or private capital, too?
---
US: millions of jobless construction workers & crumbling infrastructure: doesnt take a genius to resolve both probs with the right stimulus
---
Should be financed by an infrastructure bank: Golden Rule of pub finance: finance pub invest with debt
NIB is coming. It's more government management of the economy using more of the people's money.
