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Will 2021 Be Public Banking’s Watershed Moment?

Will 2021 Be Public Banking’s Watershed Moment?

    by Ellen Brown Faced with the dire Covid-19 crisis, some lawmakers are starting to see publicly-owned banks as the key to ensuring an equitable economic recovery. Just over two months into the new year, 2021 has already seen a flurry of public banking activity. Sixteen new bills to form publicly-owned banks or facilitate their formation […]

The Public Banking Revolution Is Upon Us

The Public Banking Revolution Is Upon Us

    by Ellen Brown As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is close, with state bank bills now passing their first […]

Why Is the Fed Paying So Much Interest to Banks?

Why Is the Fed Paying So Much Interest to Banks?

    By Ellen Brown, http://EllenBrown.com   “If you invest your tuppence wisely in the bank, safe and sound, Soon that tuppence safely invested in the bank will compound, And you’ll achieve that sense of conquest as your affluence expands In the hands of the directors who invest as propriety demands.” — “Mary Poppins,” 1964 When “Mary […]

The Venezuela Myth Keeping Us From Transforming Our Economy

The Venezuela Myth Keeping Us From Transforming Our Economy

    By Ellen Brown, http://EllenBrown.com Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert […]

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young

By Ellen Brown   The advantages of slavery by debt over “chattel” slavery—ownership of humans as a property right—were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read in part: Slavery is likely to be abolished by […]