(Bismarck, ND) — The Bank of North Dakota is reporting record-breaking profits of more than 230-million dollars last year. The bank also reported nearly 11-billion dollars in assets. President Don Morgan says the record-breaking year is a result of long term planning and growth. He says that four other states have met with him showing
Bank Of North Dakota Reports Record-Breaking Profits In 2025 Read More
In 2008, six of America’s leading financial institutions received $8.2 trillion in “lifesaving support” and just before the onset of the COVID-19 virus (late September 2019) an additional $3 trillion was pumped into “unnamed trading houses on Wall Street” by the Federal Reserve Bank of New York (FRBNY) with Federal Reserve System authorization. We are
Public Debt, Private Wealth: A History of Central Banks Read More
Members of the North Dakota Nonpartisan League knew how to tame corporate overreach. North Dakota history provides some examples for dealing with AI data centers that are springing up like leafy spurge in a pasture. Why? Because our present situation is rhyming with history, and the common themes are corporate power and greed. Read more
North Dakota Populism: taking on corporate power Read More
The Bank of England .. introduced interest-bearing loans, ostensibly to finance naval ambitions, but in reality, it siphoned wealth to private bankers via perpetual bond payments, a dynamic dissected by Joe Plummer in Debt Money. Werner’s empirical work reveals that banks create 97% of the money supply ex nihilo through loan issuance, not by lending
Princes of Deception: How Central Banks Engineer Economies and Crises by Richard Werner Read More
The question posed here is, could a government-issued digital currency be created in a way that is privacy-protected, not programmable, and tradable like cash? The answer is that it could. In fact, between 2020 and 2022, such a public digital‑dollar system was in development. Project Hamilton, a collaborative effort of the Boston Fed and MIT,
The Digital Dollar that was Too Democratic to Survive by Ellen Brown Read More
In this episode, we speak with Walt McRee (President) and Peter Winslow (Vice President) of the Public Banking Institute (PBI) about their past and ongoing advocacy for public banking. Founded in 2011 by author Ellen Brown and a core collective of advocates, PBI aims to break the monopoly of Wall Street’s private banking system by
A hospital in southwest North Dakota is on more stable financial footing after being approved for an emergency $5 million loan from the Bank of North Dakota. The loan, authorized during a special session of the North Dakota Legislature in January, has helped the Jacobson Memorial Hospital Care Center pay off its existing debts and
Elgin hospital is no longer on ‘life support’ after Bank of North Dakota $5 million loan Read More
Public banks, public power, public broadband. Each one already makes money in the states and cities that run it, and the companies that profit from privatization spend millions to keep that list short. Read full story here.
How the Privatization Machine Manufactures Budget Crises by Christopher Armitage Read More
“Like so many Madisonians, I find a lot of joy in walking down Willy Street and popping into small businesses. … But over the years, it’s become harder for small businesses to start up and make it — and grow,” explained the candidate, Former Madison Alder Juliana Bennett. “That’s why we need a public bank.
Wisconsin Needs Public Banking Read More
Public banks are an economic and policy tool used by governments around the world for over five centuries that have re-popularized since the 2008 financial crisis for their capacity to lend to developing sectors (e.g. clean energy), support underinvested communities, and provide counter-cyclical financing. Existing research and contemporary policy discourse debates the economic functions of
Government Instituted Public Banks: Protection Against Economic Downturns Read More
The crux of the problem is that every year millions of Seattle’s tax dollars line the coffers of capitalists outside the city. When the city borrows money for bridges, schools, or transit, it pays massive interest fees to private banks on Wall Street. This “leak” is a primary cause of local austerity—the feeling that the
The Seattle Loop: Reclaiming the Public Interest Read More
