Ellen Brown: California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008.
The Public Bank Option: Safer, Local and Half the Cost
Ellen Brown: Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow.
From North Dakota to Scotland: Exploring the Public Bank Option
Ellen Brown: A publicly-owned bank could help Scotland take control of its own economic destiny, by avoiding unnecessary debt to a private banking system that has become a burden to the economy rather than a pillar in its support.
Cooperative Banking in the Aquarian Age
Ellen Brown: Globally, the burgeoning movement for local, cooperatively-owned and community-oriented banks is blazing the trail toward a new, sustainable form of banking.
Public Sector Banks: From Black Sheep to Global Leaders
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.
Move Our Money: New State Bank Bills Address Credit and Housing Crises
Ellen Brown: We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home.
The Way to Occupy a Bank Is to Own One
Ellen Brown: The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.
The Public Banking Option: The German Model
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
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.
