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Forum Post: Public Banking Institute

Posted 4 years ago on June 18, 2013, 10:07 a.m. EST by LeoYo (5909)
This content is user submitted and not an official statement

Public Banking Institute


The Public Banking Institute (PBI) was formed in January 2011 as an educational non-profit organization. Its mission is to further the understanding, explore the possibilities, and facilitate the implementation of public banking at all levels -- local, regional, state, and national.

PBI’s vision is to establish a distributed network of state and local publicly-owned banks that create affordable credit, while providing a sustainable alternative to the current high-risk centralized private banking system. This network will act in the public interest, using its counter-cyclical credit-generating capacity to stabilize potential credit crises, maintain the floor against threats of asset devaluations, build infrastructure, and fund expansion of critical industrial productive capacity. Most important, public banking will create jobs, by partnering with local banks to fund local business, advancing credit for public infrastructure, and augmenting government revenues.

PBI’s mission includes analyzing U.S. and global financial events to facilitate public banking, sharing best practices and lessons learned from research and initiatives in the U.S. and globally, using PBI’s online resources, website, webinars, blog, and in-person conferences. PBI’s activities include:

• Publication of research involving the U.S. private banking system, past and current;

• Evaluation of existing and historical public banking models, in the U.S. and abroad;

• Publication of research regarding the legal requirements, structure, and daily operations of existing and proposed public banking and financing systems;

• Publication of a semi-annual legislative guide and presentations to aide local public banking initiatives; and

• Organization of public forums that enable state and local public banking efforts.



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[-] 2 points by shadz66 (19985) 4 years ago

At the Public Banking Institute Conference (2nd-4th June), Landon Carter gave an excellent explanation as to why money is scarce (see link below). He also explained that because we have given bankers the monopoly on money creation and they do so by the loaning of money and that puts Everyone In Debt. It creates an “impossible contract” - that requires us all to keep taking money out of circulation ... thereby creating money competition and money scarcity. But it doesn’t have to be this way ! We could manage money through public institutions such as public banks and a Public Federal Reserve.

''Isn’t it strange that there is plenty of work to do, trillions of dollars of infrastructure to be rebuilt just in our own country, lots of people who are willing to work, goods sitting on shelves, and yet we are in the midst of a recession or worse because of a scarcity in the money supply, that the only thing lacking is money ?'' Thanx very much for the important forum-post Leo & in compliment I also append these links :

I recommend readers explore the sites and I look forward to any reports and articles that emanate from that very important conference, where the ever insightful Matt Taibbi, was one of the keynote speakers.

radix omnium malorum est cupiditas ...

[-] 1 points by BradB (2693) from Washington, DC 4 years ago

their blog is pretty good too ... http://publicbanking.wordpress.com/