A Seismic Shift- Public Banks Returning? by Joe Lange
(badlands.substack.com)
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This is true. I knew about this bank beforehand, and it is a good thing. There used to be more of them. Don't know if they are still around, but a few Midwest towns also had county or city-owned banks that did the same thing. Obviously they get pressured to close, and the FDIC did a lot to reel them into its regulation and then kill them off or at least make them perform like Fed banks.
It's a good option for the future, and Andrew Jackson used state-chartered banks to kill the equivalent of the Fed way back then.
Alaska, with its permanent fund, operates a public investment fund that has better accountability than social security funds which it replaces. Not a bank, but a similar example of a state taking care of its people.
I've always been curious about Alaska. Seems like the last free place in the USA.
There are many who refer to our Permanent Fund as "welfare" or "socialist", which it most definitely is not. Our natural resources are owned by the citizens of Alaska, unlike the resources in most states (that are owned by the state). We are shareholders in the state's resources, and as such, we have some ownership rights. Right now, however, we are fighting our own cabal who are doing their best to skim as much of the earnings from their constitutionally-mandated use as possible - for their own pet projects, naturally. The cabal is everywhere. Not only do we have to fight the cabal nationally and globally, but in each state as well. God bless us as we fight to take back our natural rights.