Public Banking in America Conference Speakers and Videos
Click here for a listing of all available videos from the Public Banking in America Conference.
Public Banking -- it already works in the United States and is catching on! 18 States now scoping it out.
What's Happening in your State?
Find out by clicking on the map or here and read about it in our latest newsletter.
Does your County/State Treasurer Put Public Money into Private Banks? Those Days are Over.
After What These Very Same Banks Have Done To The Economy? It's Time To Put Public Money Into Public Institutions - To Serve The Public Interest!
Public Banks are ...
• Viable solutions to the present economic crises in US states.
• Potentially available to any-sized government or community
able to meet the requirements for setting up a bank.
• Owned by the people of a state or community.
• Economically sustainable, because they operate transparently according to applicable banking regulations
• Able to offset pressures for tax increases with returned credit income to
the community.
• Ready sources of affordable credit for local governments, eliminating the need for large “rainy day” funds.
• Required to promote the public interest, as defined in their
charters.
• Constitutional, as ruled by the U.S. Supreme Court
• Potentially available to any-sized government or community
able to meet the requirements for setting up a bank.
• Owned by the people of a state or community.
• Economically sustainable, because they operate transparently according to applicable banking regulations
• Able to offset pressures for tax increases with returned credit income to
the community.
• Ready sources of affordable credit for local governments, eliminating the need for large “rainy day” funds.
• Required to promote the public interest, as defined in their
charters.
• Constitutional, as ruled by the U.S. Supreme Court
... and are not
• Operated by politicians; rather, they are run by professional
bankers.
• Boondoggles for bank executives; rather, their employees are
salaried public servants (paid by the state, with a transparent pay structure) who would likely not earn bonuses, commissions or fees for generating loans.
• Speculative ventures that maximize profits in the short term,
without regard to the long-term interests of the public.
bankers.
• Boondoggles for bank executives; rather, their employees are
salaried public servants (paid by the state, with a transparent pay structure) who would likely not earn bonuses, commissions or fees for generating loans.
• Speculative ventures that maximize profits in the short term,
without regard to the long-term interests of the public.
Common Misperceptions of Public Banking
In every venue in which PBI has presented the case for public banking, we have heard very similar counter arguments against it. Read them here.
Read what Thomas Edison had to say about the government issuing money rather than bonds.
Read what Thomas Edison had to say about the government issuing money rather than bonds.
Did You Know ...?
Public banking was first introduced in America by the Quakers in the original colony of Pennsylvania. Other colonial governments also established publicly-owned banks. The concept was later embraced by the State of North Dakota, the only state to currently operate its own bank.
As of the spring of 2010, North Dakota was also the only state sporting a major budget surplus; it had the lowest unemployment and default rates in the country; and it had the most community banks per capita, suggesting that the presence of a state-owned bank has helped, not hurt, the local banks. More ...
As of the spring of 2010, North Dakota was also the only state sporting a major budget surplus; it had the lowest unemployment and default rates in the country; and it had the most community banks per capita, suggesting that the presence of a state-owned bank has helped, not hurt, the local banks. More ...
DON'T MISS THE FEBRUARY NEWSLETTER!
Announcing the Founders' Circle -- Join while you can! It's a great way to support PBI Programs!
Announcing the Founders' Circle -- Join while you can! It's a great way to support PBI Programs!
Move OUR Money
The Move OUR Money campaign builds on the successful Move Your Money Project, started by Huffington Post. However, instead of individuals moving their individual deposits, Move OUR Money is a call for cities, counties and state governments to move the public's money out of private banks and into public banks. Every quarter that goes into a parking meter, every tax payment that we make, every dollar that banks pay in penalties -- it's all OURs. Let's put it in OUR bank -- a public bank, one that serves the public interest. Don't have a public bank? Contact the Public Banking Insitute to find out how you can start one in your community. Public banks are common throughout much of the rest of the developed world -- Germany and Japan have some of the largest public banks. Let's get with it and take our credit back from private banks -- let's Move OUR Money!
Need Some Talking Points?
RTP Handbook Master 0328.pdf
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RTP Preso Master 0328.ppt
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