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Public Banking – Good For the People

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zanesworld1

Why should any sufficiently large government entity use a gigantic, multinational, for-profit bank for any purpose? The best interests of the people represented by a government body would seem to be served by keeping any profits and interest from government financial transactions in the area where these people live.

Public banking is a way to do just that. It can be done at a national, state, county, or local level. It has been working well for decades in Germany, India, China, Brazil, and North Dakota, among other places. Study up a bit and see if you think it is a good idea.

Good overview with FAQs:
http://publicbankinginstitute.org/home.htm

An effort to nationalize the Federal Reserve Bank:
http://www.againstausterity.org/program/nationalize-federal-reserve
FB page: https://www.facebook.com/UnitedFrontAgainstAusterity

Interview video with transcript:
http://truth-out.org/news/item/15408-public-banking-needed-to-stop-cannibalization-of-the-economy

Focus on Germany:
http://www.truth-out.org/news/item/3937:the-public-option-in-banking-another-look-at-the-german-model

Focus on North Dakota:
http://www.alternet.org/corporate-accountability-and-workplace/why-socialism-doing-so-darn-well-deep-red-north-dakota

From Occupy.com:
http://www.occupy.com/article/why-its-time-turn-public-banking

Good article:
http://www.nakedcapitalism.com/2011/06/guest-post-the-giant-banks-are-already-state-sponsored-so-why-not-create-public-banks-to-at-least-share-the-gains-help-out-main-street-and-grow-our-local-economies.html

Brief history of banking in America:
http://www.washingtonsblog.com/2013/03/stunning-facts-about-how-the-banking-system-really-works-and-how-it-is-destroying-america.html

Good MSM overview:

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