OpEdNews - Article: The Linchpin Tipping Point to Reverse Centuries of Top Down, 1% Power and Privatization?
The Linchpin Tipping Point to Reverse Centuries of Top Down, 1% Power and Privatization?
"A -public bank is not for the public- it's created to serve in the public interest-- but is a bank for bankers, not the public-- no front offices, no advertising, no big staffs.There's only one state with a public bank-- North Dakota-- and it is the state that has done better than every other state in terms of making budget and low unemployment.
Public banks serve governments-- cities, counties, municipalities, states and in other parts of the world, whole countries. They serve them by making interest-free loans to them and by earning far greater interest on money they have. And they have a lot of money-- government employee pension funds, rainy day funds" which ordinarily earn a tiny amount compared to what they would earn if a bank was using them to earn interest. "
Are Public Banks a good idea?
Do USA Citizens understand their banks?
Could banks be running our Gov't?