georgephillip
Diamond Member
- Dec 27, 2009
- 43,995
- 5,309
Last fall I had a chance to ask a State Senator about bringing public banking to California (2% mortgages and credit cards capped at 6%). His response was "The people want less government, not more."If there is one issue that could provide common ground for conservatives and lefties to stand on, it is state owned banks.Yep. North Dakota is doing great. Guess the Govt there is on the ball big time.
They also are one of the few States if not the only State with a State Bank.
If it wasn't colder than a witches tit this old lady would seriously think of moving the ND. LOL
Nothing scares Wall Street-owned Republicans AND Democrats as much as the North Dakota example.
Currently there are about seven states across the country in the process of establishing public banks.
Ellen Brown has many of the details.
I agree GP. The State Bank has served ND extremely well. Whoever came up with the idea was clearly using his head.
Seeing how well ND has done with its State Bank I'm surprised every State in the Union doesn't have its own bank.
The Ellen Brown article was a good read. Thanks for posting it.
I'm thinking Republicans AND Democrats need Wall Street far more often than they need voters.
State banks would prevent $billions from leaving their state and going to Wall Street, save citizens $billions in interest payments every year, and the public banks could earn $billions every year accomplishing these goals.
In Florida, a PhD Economist running for governor in 2010 claimed over time a State Bank of Florida could reduce or even eliminate the need for property taxes.
Maybe public banking is an idea whose time has come?