WHAT WALL STREET DOESN’T WANT YOU TO KNOW Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. Nearly all money today is simply bank credit. Economies run on it, and it is created when banks make loans. The main flaw in […]
Santa Fe Public Banking Conference on video; upcoming events
Posted on October 2, 2014 by Ellen Brown |
The Santa Fe Public Banking Conference last weekend was a great success. The videotaped event can be seen here. Our guest on “It’s Our Money” on PRN next Wednesday, October 8th, will be Richard Wolff, the keynote speaker in Santa Fe. Listen at noon PST/3 pm EST or on archive here. The Praxis Peace Economics of […]
Filed under: In the News, Networking, videos | Tagged: public banking | 2 Comments »
Public bank advocates gather: Seek to boost local banks over Wall Street
Posted on September 22, 2014 by Ellen Brown |
I’ll be speaking at the Philadelphia and Santa Fe conferences described in the press release below, as well as at the Economics of Sustainability conference in San Francisco Oct 6-9 and the Kilkenomics Festival in Kilkenny, Ireland, November 6-9. Should be fun! Ellen Update: The Main Session of the Santa Fe event on September 27th will be […]
Filed under: In the News | Tagged: public banking | 10 Comments »
Are Public Banks Unconstitutional? No. Are Private Banks? Maybe.
Posted on May 18, 2014 by Ellen Brown |
The movement to break away from Wall Street and form publicly-owned banks continues to gain momentum. But enthusiasts are deterred by claims that a state-owned bank would violate constitutional prohibitions against “lending the credit of the state.” California’s constitution is typical. It states in Section 17: “The State shall not in any manner loan its […]
Filed under: Ellen Brown Articles/Commentary | 13 Comments »
Public Banking in Vermont: The Saga Continues
Posted on December 19, 2013 by Ellen Brown |
Filed under: In the News | 8 Comments »
Public Banking in Costa Rica: A Remarkable Little-known Model
Posted on November 11, 2013 by Ellen Brown |
In Costa Rica, publicly-owned banks have been available for so long and work so well that people take for granted that any country that knows how to run an economy has a public banking option. Costa Ricans are amazed to hear there is only one public depository bank in the United States (the Bank of […]
Filed under: Ellen Brown Articles/Commentary | 56 Comments »
Public Banking Forum of Ireland Power Point — “The Irish Debt Crisis: Time to Think Outside the Box”
Posted on October 16, 2013 by Ellen Brown |
Cheers to the recently-formed Public Banking Forum of Ireland! Here is the power point version of several presentations done at their events this week — Ireland Power Point
Filed under: Ellen Brown Articles/Commentary | 14 Comments »
No More Detroits…The Philadelphia Public Bank Solution
Posted on September 21, 2013 by ErnieM |
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.
Filed under: videos | 21 Comments »
Public Banking for Wales, Ireland and Scotland: Promise and Possibilities
Posted on September 11, 2013 by Ellen Brown |
Dr. Ian Jenkins of Arian Cymru (Money Wales) has written two excellent articles on why Wales should have its own bank and how that might be accomplished. The shorter article is reprinted below, and the longer, more technical article is linked here. Dr. Jenkins is hosting an event in Cardiff on September 26th titled “Banking […]
Filed under: Networking | 5 Comments »
Review of Public Banking Conference by Matt Stannard
Posted on June 21, 2013 by Ellen Brown |
HUNDREDS GATHER FOR PUBLIC BANKING AND ECONOMIC JUSTICE, by Matt Stannard, June 20, 2013 By any standards, the 2013 Public Banking Conference, held at beautiful Dominican University in San Rafael, California, was a success. In a political world where like-minded groups seldom converge on practical policy blueprints, it was an astounding success. Hundreds of committed […]
Filed under: Ellen Brown Articles/Commentary | 1 Comment »
Public Banking for “We the People” Conference Call
Posted on April 15, 2013 by Ellen Brown |
On April 6, 2013, Ellen Brown of the Public Banking Institute joined Rocky Anderson in a thoughtful discussion relating to the 2008 economic crash and what we can do to protect our state and local economies when Wall Street Banks tank. Fortunately, we have an operating model in North Dakota to learn from: A public […]
Filed under: Ellen Brown Articles/Commentary | 7 Comments »
Political Football Over Disaster Relief: Another Argument for Public Banking
Posted on January 4, 2013 by Ellen Brown |
In a shameless display of putting politics before human needs, Congress began 2013 still scrapping over a $60 billion Hurricane Sandy relief bill fully nine weeks after the disaster hit. And if the Katrina experience is any indication, the bill may not bring adequate relief to struggling and displaced homeowners even when it is finally passed. The […]
Filed under: Ellen Brown Articles/Commentary | 17 Comments »
From North Dakota to Scotland: Exploring the Public Bank Option
Posted on December 7, 2012 by Ellen Brown |
The Royal Bank of Scotland (RBS) and the Bank of Scotland have been pillars of Scotland’s economy and culture for over three centuries. So when the RBS was nationalized by the London-based UK government following the 2008 banking crisis, and the Bank of Scotland was acquired by the London-based Lloyds Bank, it came as a […]
Filed under: Ellen Brown Articles/Commentary | 28 Comments »
Interviews on public banking
Posted on November 14, 2012 by Ellen Brown |
I’ll be traveling again for the next month, to Switzerland, Malaysia, Scotland, and the East Coast, so may not get an article out; but here are three interviews on public banking from last month’s travels — November 5, 2012 — “Populist Dialogues,” Alliance for Democracy with David Delk, “Escaping the Great Recession with Public Banking,” […]
Filed under: Ellen Brown Articles/Commentary | 3 Comments »
Hurricane Sandy, the Great Red River Flood, the Philadelphia interest swap crisis, and public banking
Posted on November 3, 2012 by Ellen Brown |
I’ve been traveling and speaking for most of the last month and will be again in November, so haven’t managed to get an article out; but here are three posts on public banking that came out in the last week that I think are excellent: HURRICANE SANDY & THE GREAT RED RIVER FLOOD How the […]
Filed under: Ellen Brown Articles/Commentary | 5 Comments »
David Brodwin, U.S. News: “Can Public Banking Finance the New Economy?”
Posted on September 27, 2012 by Ellen Brown |
North Dakota shines like a bright star in the dark night of America’s Great Recession. It stands out for two reasons: First, it led the United States in sustaining a strong economy and high employment through the last four years. Second, it is the only state in the union with a publicly-owned bank. Many believe the Bank of North Dakota played […]
Filed under: In the News | 2 Comments »
Announcing the First Annual Public Banking Institute Conference, April 27th-28th in Philadelphia
Posted on February 16, 2012 by Ellen Brown |
A warm invitation is extended to our first annual Public Banking Institute Conference at the Friends Center in Philadelphia, April 27th-28th. More information is here.
Filed under: Networking | Leave a Comment »
WHAT A PUBLIC BANK COULD MEAN FOR CALIFORNIA
Posted on May 17, 2011 by Ellen Brown |
California is the eighth largest economy in the world, and it has a debt burden to match. It has outstanding general obligation bonds and revenue bonds of $158 billion, largely incurred for infrastructure. Of this tab, $70 billion is just for interest. Over $7 billion of California’s annual budget goes to pay interest on the […]
Filed under: Ellen Brown Articles/Commentary | 14 Comments »
In Context TV Video on Public Banking–Featuring the Bank of North Dakota and the Public Banking Institute
Posted on March 2, 2011 by Ellen Brown |
Filed under: Ellen Brown Articles/Commentary | 10 Comments »
WEB OF DEBT BLOG 
A Public Bank Option for Scotland
Scottish voters will go to the polls on September 18th to decide whether Scotland should become an independent country. As video blogger Ian R. Crane colorfully puts the issues and possibilities: [T]he People of Scotland have an opportunity to extricate themselves from the socio-psychopathic global corporatists and the temple of outrageous and excessive abject materialism. […]
Filed under: Ellen Brown Articles/Commentary | Tagged: Bank of North Dakota, public banking, Scottish independence | 23 Comments »