Jun 29, 2019 • 1HR 2M

The Future of Banking/Sports the Right Way

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Appears in this episode

Ralph Nader
Ralph Nader talks about what’s happening in America, what’s happening around the world, and most importantly what’s happening underneath it all.
Episode details

Ralph welcomes Walt McRee President of Public Banking Associates, who explains how public banks should be the future of banking. And Dr. Ken Reed joins us to discuss how the elimination of phys. ed. classes and intramural sports in schools is contributing to childhood obesity.

Walt McRee is President of Public Banking Associates and Chair/CEO Emeritus of the Public Banking Institute. Mr. McRee has traveled the country consulting and delivering public and media presentations about public banking to public officials, civic groups, industry and legislative leaders. Ellen Brown’s book is entitled “Banking on the People: Democratizing Money in the Digital Age.” 

“In North Dakota there are more community banks per capita than anywhere in the country. And they are multiple times more profitable than other community banks in the country. Why is that? It’s because the publically owned state bank, the Bank of North Dakota partners with the community banks to enable them to make larger loans so that they can be more involved in the development and the investment in the local economy.”  

Walt McRee President of Public Banking Associates

“Let’s get right at the so-called “socialist specter,” because what we have here is out of control corporate bank socialism. Namely, they reap the profits using other people’s money. They enrich themselves at the top of the company. They make money from money, which isn’t a very productive enterprise. And then they send the bill to Washington when their whole edifice collapses.” 

Ralph Nader

Dr. Ken Reed is Sports Policy Director for the League of Fans and the author of “How We Can Save Sports: A Game Plan,” “Ego vs. Soul in Sports: Essays on Sport at Its Best and Worst”and “The Sports Reformers: Working to Make the World of Sports a Better Place.” He is a long-time sports marketing consultant, sports studies instructor, sports issues analyst, columnist and author.

“All the research shows that the best way to raise academic performance is actually cardiovascular-based physical education because it’s one of the few things, if not the only thing, that grows brain cells. So, these teachers, instead of putting another half hour of study time on them before a test should have the kids out jogging around the school for thirty minutes, and their scores would go up from that.” 

Dr. Ken Reed, Sports Policy Director for League of Fans

“You’re 8% smarter when you stand up.” 

Dr. Ken Reed, Sports Policy Director for League of Fans

Ralph Nader Radio Hour Ep 279 Transcript
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