The Public Banking Institute has long been facilitating discussions on trade pacts, fast-track authority, and the Trans-pacific partnership for several years.
This is a great introduction to public banking. America has plenty of money--but it's all under the control of private banks. This video uses economic reality, clips from "It's a Wonderful Life," and other methods to bring home the key points that banks create the money they lend, and that the privatization of finance has been a disaster. It explains public banking's potential to lower the costs of funding public goods--because, after all, it's our money.Read more
Based on Ellen Brown's Web of Debt, with additional materials provided by the Public Banking Forum, this video--narrated by Bob Bows--begins with the Boston Tea Party, an uprising that really began because of the British government's efforts to prevent the American colonists from issuing their own money. The video examines Alexander Hamilton's efforts to create the Bank of the United States, and Thomas Jefferson's alarm at the private control of finance. It ends with a well-informed and passionate call for public banking as a way to re-assert state and local independence.Read more
In 2011, the Committee for Monetary and Economic Reform (COMER) and two private citizens sued the Canadian government. The plaintiffs alleged that the Bank of Canada “is the only central bank among the G-8 countries that is a ‘public’ bank created by statute and accountable to the legislative and executive branches of Government.” They also argued that the bank’s secretive dealings and particular accounting practices further undermine the ability of the government to meet its constitutional obligations to provide economic security to the Canadian people. The case is Committee for Monetary and Economic Reform v. Canada (2014 FC 380), and the plaintiffs' attorney is Rocco Galati. Here, he is interviewed by the Canadian Broadcasting Corporation.Read more
At the Arizonans for a New Economy Public Banking Forum on January 8, 2015, Democratic Senator Steve Farley, who is working with Republican Senator David Farnsworth on bipartisan public banking legislation in Arizona, talks about his "passion" for public banking.Read more
State Senator Bob Hasagawa, Wayne Lau, Executive Director of Rainier Valley Community Development Fund, Nick Licata, Seattle City Councilmember, Karl Beitel, Director, Public Bank Project, Thomas Keidel, Federation of German Banks, and Gwendolyn Hallsmith, Public Banking Institute discuss the possibility of a public bank in Seattle, Washington.Read more