It's Our Money: Can History Please Not Repeat Itself?

The earliest days of private banking cartels in America occurred before we were the United States. The pattern of private capital determining government policy is centuries old... Read more

Oakland Holds Community Forum on Public Banking

The idea of creating a public bank in Oakland is under serious consideration, a move that could help the city's cannabis industry access financial services and free up more funds for lending and infrastructure development. Read more

How to Cut Infrastructure Costs in Half

Money is not fixed and scarce. It is "elastic": it is created when loans are made and extinguished when they are paid off. Private banks now create nearly 97 percent of the money supply in this way. To get much-needed new money into local economies, rather than borrowing from private investors who cannot create the money they lend, governments should borrow from banks, which create money in the form of deposits when they make loans. And, to get that money interest-free, a government should borrow from its own bank, which returns the interest to the government. Read more

Dark Pools: The Path to the Next Financial Crisis?

The biggest banks on Wall Street, both foreign and domestic, have been repeatedly charged with rigging and colluding in markets from New York to London to Japan. Thus, it is natural to ask, have the big banks formed a cartel to rig the prices of their own stocks? And, are these dark pools behind the run-up in bank stock prices? Read more

What Donald Trump Owes Wall Street

Wells Fargo. JPMorgan Chase. Fidelity Investments. Prudential PLC. Vanguard Group. These are among the major financial institutions that own business debt held by Donald Trump, according to an investigation just published by the Wall Street Journal. Read more

Bernie Sanders Supporters Launch Effort to Reform Wall Street

Supporters of Senator Bernie Sanders demand that President-elect Donald Trump fulfill a campaign pledge promising to enact a 21st Century Glass-Steagall Act to reform Wall Street. Read more

Battle Over Banking: Vermont Had a Public Bank?

Yes, Vermont had a public bank...and it was successful, despite the many impediments thrown at it by neighboring states and their private banks. Read more

Actually, Public Banks Can Be GREAT for Communities

According to a recent Op-Ed in the Seattle Times by Michael Waite, former candidate for Seattle treasurer, public banks create conflicts of interest and are a disservice to the taxpayer. Not so fast, Michael. Public banks have an excellent track record in helping states and cities finance infrastructure, among other public services. Read more

The Italian Banking Crisis: No Free Lunch - Or Is There?

  The money that is now created by banks in pursuit of their own profit either needs to be issued by governments (as has been done quite successfully in the past, going back to the American colonies) or it needs to be created by banks that are required to serve the public interest.   Read more

Fake Headlines: Big Media and the Big Banks

  Big media should know better than to rely on a global bank that has been serially charged with egregious frauds and deceptions to write its headlines.   Read more

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