Toward a Second Revolution: Public Banks

For over 100 years the American people have been duped into a private banking scheme known to us as the falsely named 'Federal Reserve'. These private banks include JPMorganChase, Bank of America, Citi Bank, Wells Fargo, and a few others, and they have directed the U.S. economy in cycles of boom and bust, capitalizing on misfortunes of the people and stealing their wealth. Every city, county, and state -- with the sole exception of one -- delivers your tax dollars to this private banking cartel, and they in turn invest it on Wall Street. They fund the war machine, the fossil fuel industries, and the largest monopoly corporations. Is it any wonder that our country has been steadily and inexorably sliding toward a corporatocracy?

To win back our country, we must win back our money from Wall Street and invest it in Main Street:

"The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power." -- Abraham Lincoln
Initiative #2: Establish Public Banking in every city and county.
  1. + A Private Banking Cartel.
    Currently, almost without exception, each city, county, and state government are feeding the beast of Wall Street, and thereby undermining local power and democracy. They do this, often unwittingly, through the agency of the private banks known to us as the 'Federal Reserve': JPMorganChase, Bank of America, Citi Group, Wells Fargo, and a handful of others. (See Public Banking Institute and Rocky Mountain Public Banking Institute)
    Public banking divests from Wall Street while investing in Main Street, chartering a City Public Bank to collect taxpayer money and allocate the proceeds for the local community's health and well being, and for a sustainable future.
  2. + Public Banks Are Superior

    Why Public Banks Outperform Private Banks

    "The Sparkassen [Germany's Public Banks] were instituted in the late 18th century as nonprofit organizations to aid the poor. The intent was to help people with low incomes save small sums of money, and to support business start-ups. Today, about half the total assets of the German banking system are in the public sector. (Another substantial chunk is in cooperative savings banks.) Local public banks are key tools of German industrial policy, specializing in loans to the Mittelstand, the small-to-medium size businesses that are at the core of that country‚Äôs export engine. The savings banks operate a network of over 15,600 branches and offices and employ over 250,000 people, and they have a strong record of investing wisely in local businesses."  Read more... Performance Chart