Bank of North Dakota Celebrates 100 Years of Public Banking

The Bank of North Dakota (BND), the only public bank in the US, celebrated 100 years of economic liberty from Wall Street banks this week. BND was created in 1919 by the grassroots efforts of the Nonpartisan League. Back in the early 1900s in the Gilded Age, railroads and banks were controlled by wealthy east…

money

Ellen Brown on Rising Interest Rates & Debt Forgiveness

Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too, according to PBI founder Ellen Brown. Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay…

Walt McCree and Ellen Brown

Ellen Brown Assumes Chair of PBI

Author and public banking guru Ellen Brown has assumed the position of Chair of the Board of the Public Banking Institute (PBI). Former Chair Walt McCree stepped down on July 4, 2017. Read the announcement from PBI here: Ellen Brown Assumes Chair of PBI. Keep informed on public banking progress by subscribing to PBI’s weekly…

Santa Fe

What if People Owned the Banks?

Jimmy Tobias of The Nation offers a comprehensive look at city-based public banking efforts in Oakland, California and Santa Fe, New Mexico. He also provides background on the only public bank in the US—the Bank of North Dakota—and offers solid economic reasons why cities and states should consider establishing a public bank. From Seattle to…