State Banks: Good for Ordinary Citizens

8 03 2011

This is a good re-cap by attorney and financial writer Ellen Brown in this month’s Yes Magazine about why creating State banks is good economics. Like the Bank of North Dakota, which has been operating successfully for over 90 years, they put banking and investment in the hands of locals and regions. They take away the power of the centralized, Wall Street banks. Our system is even more centralized than before the crash of 2008; there is less democratic control of business because of it; and the national economy is more at risk to another collapse. Support your State’s bank initiative. I am.

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