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
At the 2012 Public Banking conference in Philadelphia, the Honorable Paul Hellyer, former Canadian Minister of National Defense and founder of Canadian Action Party, speaks on Canada's strong history of public banking and the sabotage of public banks by private interests in that country.Read more
Speaking at the 2013 Public Banking Institute conference, Matt Taibbi supports public banks and gives detailed, scathing accounts of the abusive practices of private financial entities in the United States.
Scott Baker's 2013 presentation in Philadelphia, addressing a Comprehensive Annual Financial Report (CAFR) for potential funds for a public bank.