The following document was authored and supplied to us by a long-time devoted reader, Oliver Carter. Perhaps Oliver’s proposal for a banking solution will inspire and provide food for thought? Read on…
Public Banking
How Public Ownership Could Revive Community Banks Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly owned banks can help avoid that trend and keep credit flowing in local economies. At his confirmation hearing in January 2017, Treasury […]
By Ellen Brown Illinois is teetering on bankruptcy and other states are not far behind, largely due to unfunded pension liabilities; but there are solutions. The Federal Reserve could do a round of “QE for Munis.” Or the state could turn its sizable pension fund into a self-sustaining public bank. […]
Posted on May 17, 2017 by Ellen Brown May 15th-19th has been designated “National Infrastructure Week” by the US Chambers of Commerce, the American Society of Civil Engineers (ASCE), and over 150 affiliates. Their message: “It’s time to rebuild.” Ever since ASCE began issuing its “National Infrastructure Report Card” in […]