PBI Chair Ellen Brown was featured on a recent episode of the Thom Hartmann Program:
Public banking is on the rise. Is this the solution to banks in the future? She says:
“We have one state bank — the Bank of North Dakota — and it has proved the model: it is safe, effective, it has saved a lot of money for the government, it has never been caught in corruption, and it operates at much lower cost than private banks. Globally there are close to 700 public banks with assets of $40 trillion, a conservative estimate. Local public banks are huge globally and they could fund a lot of things that people are in favor of that we haven’t managed to get our private banks to fund.”
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