Public Banks can compete the with Central Bank (FED) cabal
Public Banking Institute News: April 26, 2017
A cousin to the dreaded TPP “trade” pact, TiSA (Trade in Services Agreement) is being resurrected by unrelenting global corporatists who see it as a way to expand and consolidate their financial control. Defeated by American popular demand last Fall, the secretive TPP and its TiSA partner proposed a labyrinth of ways to put profiteering interests over public interests. Now it’s back, and directly threatens public banking. the global corporate interests pushing the deals, which would produce a significant expansion of private financial power. Dr. Thomas Marois, Senior Lecturer at the University of London and an expert on public banks, makes the case clear.
Santa Fe, NM: City Counselors will take a pivotal vote this evening (4/26) on whether to proceed with the creation of a public bank task force that will begin the process of creating a city public bank. It’s the culmination of years of work, and the support of these smiling City Councilor Co-sponsors. The Public Banking Task Force Resolution does an excellent job of creating a thoughtful, circumspect path forward.
With Oakland, Berkeley, Richmond and other municipalities around San Francisco’s bay moving forward on consideration of public banks for their communities, San Francisco is revisiting the issue, particularly with the cannabis industry on the doorstep.
What can be said? Public banks have many uses!
SAVE THE DATES September 15th and 16th
PBI National Conference Comes to Princeton!
“The Public Bank Solution: Funding a Sustainable Future” will bring many notable national speakers and much attention to the momentum for creating public banks around the country. Make plans now to be a part of this important gathering! More details will be forthcoming soon. Set the date aside now to be there!
“Dirty Deals” is the name of a definitive report about Wall Street’s interactions and financing contracts with cities, counties and states nationwide. It’s a gloves-off look at the many ways public entities are forced to acquiesce to abusive usury in their private-bank-capital borrowing practices for public projects and how we can take effective steps to reverse them. Saqib Bhatti, co-director of Action Center on Race and the Economy (ACRE), discusses why these core financing issues are driving governments around the country to consider public banking and in-house financing mechanisms, and why some of them don’t want to.
Why Join the Public Banking Institute?
A national movement is underway and you’re invited! There are now over 50 public banking initiatives taking place all over the country, from Maine to Hawaii and Alaska – citizens, civic leaders and elected officials, bankers and stakeholders from all walks of life who want to break the chain of dependence on Wall Street’s unsustainable debt extraction from our public purses.
It’s a strategic stand that you can take to transform our common wealth and democratic power. Use your civic power – get involved! PBI’s network of experts and affiliates will help you open new doors for sustainable public finance for cities, counties and states.
Become a member of the Public Banking Institute today!