Restoring Economic Sovereignty: The Push for State-owned Banks by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
February 16, 2011

It is time to declare economic sovereignty from the multinational banks that are responsible for much of our current economic crisis. Every year we ship over a billion dollars in Oregon taxpayer dollars to out-of-state and multinational banks in the form of deposits, only to see that money invested elsewhere. It’s time to put our money to work for Oregonians. — Bill Bradbury, former Oregon Senate President and Secretary of State

Responding to an unfilled need for credit for local government, local businesses and consumers, three states in the last month — Oregon, Washington and Maryland — have introduced bills for state-owned banks, joining Illinois, Virginia, Massachusetts and Hawaii.

Washington State Joins Movement For Public Banking by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
January 24, 2011

Bills were introduced on January 18 in both the House and Senate of the Washington State Legislature that add Washington to the growing number of states now actively moving to create public banking facilities.

The bills, House Bill 1320 and Senate Bill 5238, propose creation of a Washington Investment Trust (WIT) to “promote agriculture, education, community development, economic development, housing, and industry” by using “the resources of the people of Washington State within the state.”