Since its founding little more than a year ago, the Public Banking Institute has become a significant force that is helping to turn banking and finance away from fraud and predation back toward their intended objectives of promoting general prosperity and the common good. According to the PBI website,
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.
The current PBI newsletter features important news items and impressive articles by Ellen Brown and yours truly. It also announces PBI’s inaugural conference on, Public Banking in America, to be held in April in Philadelphia. I”m proud to be among the group of distinguished speakers slated to give presentations at this event.
You won’t want to miss it.–t.h.g.
Beyond Money 
SEE http://www.understandingmoney101.com
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Banks facilitate debt between a borrower and someone who takes a bunch of paper in exchange for a house for example. Then, because there’s an illusion that the bank was the lender, the borrower extinguishes the debt with the true financier(the people with money in checking and savings), plus new debt that accrues which we call “interest”. Who decides who’s to be financed in a state bank? Who collects the “interest” if in fact the borrowers are charged it?
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