In recent months, the Public Banking Institute has had to clarify to some of our supporters and followers who post messages on our social media and other public forums, that we strongly reject without exception any derogatory statements or hints of racist, anti-Semitic, and anti-Islamic rhetoric in connection with financial, monetary and banking reform movements worldwide.
While some of these statements have become common through long standing use, they are established on deeply-flawed myths that have been propagated by hate groups to justify violence and even genocide. PBI holds them to be philosophically, morally, and empirically indefensible and reprehensible.
The problems our economies and political systems face are not the fault of any ethnic or religious identity. They are the fault of a system of finance capital that extracts unreasonable costs and interest for the benefit of private profit, frequently at the expense of the poor, disadvantaged and disenfranchised. These policies and practices are at the heart of what we oppose as an organization and are working to stop.
PBI will sever ties with any individual or group we determine to be preaching hate or intolerance. The struggle for economic justice and fairness is everyone’s challenge.