Ellen Brown: When we remove our myopic U.S. blinders, it turns out that globally, not only are publicly-owned banks quite common but that countries with strong public banking sectors generally have strong, stable economies.
The Public Banking Option: The German Model
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Ellen Brown: Publicly-owned banks were instrumental in funding Germany’s “economic miracle” after the devastation of World War II. Although the German public banks have been targeted in the last decade for takedown by their private competitors, the model remains a viable alternative to the private profiteering being protested on Wall Street today.
California Legislature Passes Bill to Study State-Owned Bank
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Ellen Brown: California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage, by providing the credit needed to realize its potential.
North Dakota’s Economic “Miracle”—It’s Not Oil
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Ellen Brown: North Dakota is the only state to be in continuous budget surplus since the banking crisis of 2008.
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