Public Banking Event at University of Pittsburgh September 12

A great event is happening in Pittsburgh this very weekend. If you're in the area, you won't want to miss it.

Read more

Education Debt & Structural Racism: Public Bank-Worker Cooperative Solutions

The rain falls on all of us, but on some harder. Like all crises, the student loan debt crisis disproportionately hurts historically oppressed groups, an unavoidable outcome of a structurally classist and racist system--"structurally" because of the layers of wealth accumulation resulting from the material asymmetries of chattel slavery, wage slavery, and discrimination. Structural inequality requires structural solutions, and the tepid refinancing plans offered by current U.S. presidential candidates do not do justice to the magnitude of change we ought to be discussing. 

Read more

Essential Reading on What Wall Street Costs America

One useful way to break down the research and investigative reporting about Wall Street's bilking of American cities is to establish a "before Bhatti/after Bhatti" marker. Prior to Saqib Bhatti's groundbreaking Dirty Deals report, many reporters and activists had been digging up and promulgating incidents of big banks and finance leading governments into risky projects, overcharging for financial services, or the plundering of pension funds. But Bhatti's report, produced by the Roosevelt Institute, was thoroughgoing, comprehensive, and focused and specific.

Read more

This Graphic Shows Disturbing Levels of Economic Insecurity

A nicely-designed new graphic, provided by the Masters in Accounting web guide, details several layers of financial insecurity for Americans, and the data from which it draws is consistent with a great deal of additional data. The graphic is based on data from Pew Charitable Trusts, and from media and industry studies.

Read more

Ten Great Interviews with Ellen Brown

Always in high demand as an interview subject, PBI founder and noted public banking advocate Ellen Brown has given hundreds of interviews. If you are with the media and are interested in interviewing her, or other public banking experts, visit our interview contacts page here. In the meantime, here are ten memorable interviews. 

Read more

Mother Jones Catches Up to PBI on Link between Finance & Police Brutality

You heard it from us first, but it's good to know Mother Jones is taking up the cause. As Jack Hitt reports, every time you hear about police brutality, whether a shooting or an assault, you should ask yourself how the city or county that pays that cop is financing its operations and services. Are they employing cops as de facto tax collectors?

Read more

TPP, MSNBC, Comcast and Using the Master's Tools

The headlines read "Donald Trump builds lead" . . . "No Plan B to Save Oceans" . . . Gwen Stafani and Gavin Rossdale Split" . . . "Puerto Rico Fails to Make $58 Million Debt Payment" Buried therein, news of Ed Schultz's sacking from MSNBC, the "liberal" news network owned by Comcast. Comcast is lobbying hard for a Trans-Pacific Partnership trade agreement that favors the media giant. Ed Schultz was the only personality on cable news television to oppose the Trans-Pacific Partnership. 

Read more

The Bank-Banishment Campaign: News from Multiple Fronts

In May, Citigroup, JPMorgan Chase, Barclays, Royal Bank of Scotland and UBS Group AG pled guilty to felonies, while Swiss Bank had cooperated with federal authorities early on; all had manipulated international exchange rates and national currencies, ruining millions of lives. The federal government made them pay paltry fines. Nobody went to jail and no serious threat to any of those banks' profits exists.

Read more

Greece: Two Morality Tales, One Scarcity Narrative

On the one hand, you have the Austerity Tale—essentially, that Greece needs to get with the (Eurozone) program. On the other, Greece, birthplace of democracy, taking whatever stand it can in defiance of a fundamentally undemocratic financial system—and demanding expanded support from Europe as a whole—a just demand given the demands integration had placed on Greece in the first place. Underlying both tales is the myth of financial scarcity. For whatever reason, Syriza is afraid (for I do not think them uninformed) of taking the most radical, surefire measures to take back Greece’s financial autonomy. Those solutions—public banks, sovereign issuance of currency and credit—would obviously stick a finger in the Eurozone’s eye, and would undoubtedly be met by regional and global elite pushback. But nations have survived worse. And, as I will say down at the end, I’m reluctant to condemn Syriza. They’re up against some real monsters, and the scarcity narrative is formidable.

Read more

What Can Bolivia's Nature Rights Teach Us about Economic Rights and Public Banks

In December 2010, the Plurinational Legislative Assembly of Bolivia passed a body of law called Ley de Derechos de la Madre Tierra, or Law of the Rights of Mother Earth. The law contained ten articles, premised on the definition of the earth as a "collective subject of public interest." The earth, human communities, and ecosystems, are all designated titleholders of inherent legal rights. 

Read more

connect

get updates