Richard Wolff on Postal Banking ?

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“Over 100 Countries are already using this system, it’s nothing new” – Richard Wolff

“Post offices around the world, in fact over a hundred countries have what I’m about to describe to you, the post office provides financial services. You can have a savings account. You can have a checking account. You can have a credit card. You can get a loan you can do all the things you do with a bank but the post office provides you with an option… It’s a way to offer Americans, if we did it, cheap alternatives to banks. What banks? The banks, the large ones that have been caught over the last five years doing every illegal and every unethical thing banks are in a position to do.” To watch the full episode: https://www.youtube.com/watch?v=5e3Za…