Public Banks are...                     ...a Better Solution!

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." --Henry Ford, Ford Motor Co.

"Well, we're starting to understand and this is the beginning of the revolution...the banking revolution." --Ellen Brown, Occupy LA Teach-In, author of Web of Debt, Founder of the Public Banking Institute.


 

The Example of the 100-year-old State-Owned Bank of North Dakota

Public banks are...

  • Viable solutions to the present economic crises in the US & world.
  • Counter-cyclical, meaning they are capable of reducing the negative impact of recessions, because they can make money available for local governments and businesses precisely when private banks decrease lending.
  • Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
  • Owned by the people of a state or community.
  • Economically sustainable, because they operate transparently according to applicable banking regulations.
  • Able to offset pressures for tax increases with returned credit income to the community.
  • Ready sources of affordable credit for local governments, eliminating the need for large "rainy day" funds.
  • Required to promote the public interest, as defined in their charters.
  • Run by professional bankers, not politicians.
  • Administered by salaried public servants, who do not receive huge bonuses, or commissions or fees for generating loans.
  • Constitutional, as ruled by the U.S. Supreme Court.
  • Not speculative ventures that maximize profits in the short term, without regard to the long-term interests of the public.

Why Public Banking?

Our privatized monetary and banking system serves the 0.01% by design. It's run by private interests who manipulate the system for their own benefit and it provides a systemic means of transferring wealth from Main Street to Wall Street. In order to achieve economic and political justice, We the People must reclaim the "Money Power" with publicly-owned banks.

Let's learn how we get our monetary and banking systems to serve the public interest, and not just the 0.01%.

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The Public Bank Solution!

The Public Bank Solution, written by Ellen Brown, is a MUST READ for anyone has any interest in fixing our world. Ellen Brown's previous book, "Web of Debt: The shocking truth about our Monetary System and How we Can Break Free," explains what is wrong with the world, how those who call the shots have obtained and maintain their power via our privatized monetary and banking system, and how WE can FIX it. Monetary reform, i.e., reclaiming the money power, is fundamental to solving all our problems of war, poverty, health care, economic and political injustice. It is clear that We the People must reclaim the MONEY POWER with Publicly-Owned Banks! The Public Bank Solution is a GREAT solution -- it is just, it is practical, it works, and it EXISTS! Check out the success of the 100-year-old state-owned Bank of North Dakota! Ellen Brown's book, "The Public Bank Solution," is a MUST READ, a great resource, a great reference, a great education, on the public bank solution which is fundamental to solving what ails us. Ellen's well-written and well-researched book, with each of 36 chapters nicely summarized in a paragraph at the beginning of each chapter, makes this book the GO-TO book for those who want to understand, advocate, propose, and implement the PUBLIC BANK SOLUTION.

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