The Rise Of Public Banking In Response To Collapse Of Economy

People are beginning to snap to the facts about the Federal Reserve and the Central Banking Cartels around the world. Hunger, loss of income, the threat of homelessness and the looting of, what was supposed to be, public coffers has led to a rush to get control of money by the states. Well, it’s about time…

Public banking was first introduced in America by the Quakers in the original colony of Pennsylvania. Other colonial governments also established publicly-owned banks. The concept was later embraced by the State of North Dakota, the only state to currently operate its own bank.

As of the spring of 2010, North Dakota was also the only state sporting a major budget surplus; it had the lowest unemployment and default rates in the country; and it had the most community banks per capita, suggesting that the presence of a state-owned bank has helped, not hurt, the local banks.

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