No More Detroits…The Philadelphia Public Bank Solution

See also a new 1-hour video posted on the PublicBankingTV channel showing Mike Krauss’ presentation to a group in Philadelphia on the proposed Philadelphia Public Bank.  This video is full of information useful to people interested in finding out what a public bank could do for their city, county, university, etc.  It’s linked here.

21 Responses

  1. Ellen,

    Have been following your work. i know you’re familiar with Walter Burien’s work. Your public banking model working hand in hand with Burien’s tax retirement program and his model for rerouting the bankster’s corporate investment scam (CAFR’s) back into the public’s commonwealth appears to me to be the best route to take.
    Thanks for your dedicated work. Tim

    • Thanks Tim. Agreed, much potential in the CAFR money!

  2. Inspiring. Go, Philly! Please give the city’s leadership a LOT to think about. (I live in upstate NY, but I’m rooting for you.)

  3. Good luck America, establishing a public Bank in each state sounds like a great idea. But beware, the big NYC Banks (and the European Banks that OWN the FED) won’t just stand by and watch without trying to make it as difficult as they can, for these new Banks.
    Very best wishes with these new Banks.

  4. Ellen,
    It was encouraging to see Matt Taibbi at one of your recent conferences. Looking forward to seeing a series of lengthy articles on Public Banking by Rolling Stone and other major magaizines soon.
    Thanks for your and your readers’ efforts,
    Jerry

  5. An additional piece to this puzzle is the creation of people’s money at local and national levels. The Abraham Lincoln Greenback was the key to national victory in the War of the Rebellion. Local currencies have worked in Madison and Ithaca. Local currencies alleviated the worst effect of the global Great Depression in Austrian cities that used them. Connection between local currencies and energy is the key, in my opinion, to make a people’s currency that has a logical connection to energy and work.

    It remains important to stay in communication with the American Monetary Institute and its work on “The Lost Science of Money”, to succeed.

  6. Reblogged this on The Turning Spiral.

  7. So, my question to you Ellen is, where do you do your banking at this time? And what good is a public bank if the dollar is worthless? Wouldn’t all banks (and people) suffer ? Is there a way to avoid that both as a city, state, nation and as an individual?

  8. Reblogged this on Occupy The Polls.

  9. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Franciscoand Philadelphia. […]

  10. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles own public bank. Other major cities currently exploring that possibility include San Francisco and Philadelphia. […]

  11. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Francisco and Philadelphia. […]

  12. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Francisco and Philadelphia. […]

  13. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Francisco and Philadelphia. […]

  14. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Franciscoand Philadelphia. […]

  15. […] There may indeed be no profit in bashing JPMorgan Chase, but therewould be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Francisco and Philadelphia. […]

  16. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Francisco and Philadelphia. […]

  17. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Francisco and Philadelphia. […]

  18. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Franciscoand Philadelphia. […]

  19. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Franciscoand Philadelphia. […]

  20. […] There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Franciscoand Philadelphia. […]

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