Difference between revisions of "Idea: A Municipal Bank For Philadelphia"

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This Wikidelphia idea page proposes '''A Municipal Bank For Philadelphia'''.
 
This Wikidelphia idea page proposes '''A Municipal Bank For Philadelphia'''.
 +
:See also [https://othernetworks.org/Public_Banking_Institute Public Banking Institute]
  
==Why Can't Philadelphia Have Its Own Bank?==
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== Why should Philadelphia Have Its Own Bank? ==
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* The City can save money and even '''earn''' money by creating its own bank... The bank could bring in '''new revenue''' without raising taxes!!!
  
* Let's think, how can the City save money and earn money by creating its own bank?
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== Here's a GREAT two minute video about Public Banks ==
* See the [http://www.publicbankingpa.org Pennsylvania Public Bank Project] to connect with the people who are working on a bank for Philadelphia as well as a bank for Pennsylvania.  
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*[https://youtu.be/lpho-eie-fw Public Banking Made Easy]
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== A little longer video, but worth every second ==
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*[https://www.youtube.com/watch?v=vFnvaqZ-X-U&t=35s Public banking sweeps across the country]
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== Resources ==
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* See [http://phillynn.org/issues-actions/public-banking/ Philadelphia Neighborhood Networks Public Banking Action Group] to connect with the people who are working on a public bank for Philadelphia
 +
*And see [http://www.publicbankingpa.org Pennsylvania Public Bank Project] for the team working on a public bank for Pennsylvania.  
 
* Consider the [http://www.publicbankingpa.org/images/rocketlauncher/PDF/Benefits%20for%20Cities%20and%20Towns.pdf Benefits For Cities and Municipalities Of a Public Bank] (PDF).
 
* Consider the [http://www.publicbankingpa.org/images/rocketlauncher/PDF/Benefits%20for%20Cities%20and%20Towns.pdf Benefits For Cities and Municipalities Of a Public Bank] (PDF).
 
*[http://www.publicbankinginstitute.org/coalition_of_grassroots_groups_launches_paradigm_shift_campaign_for_publicbanknyc Coalition of grassroots groups launches “paradigm shift” campaign for #PublicBankNYC]
 
*[http://www.publicbankinginstitute.org/coalition_of_grassroots_groups_launches_paradigm_shift_campaign_for_publicbanknyc Coalition of grassroots groups launches “paradigm shift” campaign for #PublicBankNYC]
  
==Public Banks Are ...==
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==Public Banks Are...==
 
*Viable solutions to the present economic crises in US states.
 
*Viable solutions to the present economic crises in US states.
 
*Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
 
*Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
 
*Owned by the people of a state or community.
 
*Owned by the people of a state or community.
*Economically sustainable, because they operate like private banks.
+
*Economically sustainable, because they operate transparently in the public interest.
 
*Able to offset tax increases with returned credit income to the community.
 
*Able to offset tax increases with returned credit income to the community.
*Ready sources of credit for local governments, eliminating the need for large “rainy day” funds.
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*Ready sources of credit for local governments, satisfying the need for “rainy day” funds required to promote the public interest, as defined in their charters.
*Required to promote the public interest, as defined in their charters.
 
 
*Constitutional, as ruled by the U.S. Supreme Court.
 
*Constitutional, as ruled by the U.S. Supreme Court.
  
== Videos ==
+
== More Videos ==
*[http://www.publicbankinginstitute.org/r?u=jalJvum2JQxpPvfjGmN5k9khm66uozhQAyfHo7F3YvY&e=90aee4b87bb63b128eb0df980681321b&utm_source=pbi&utm_medium=email&utm_campaign=pbi_news181101u&n=3 Public Banking Made Simple]
 
 
*[https://www.youtube.com/watch?v=2PHcqzsluLE no more Detroits...The Philadelphia Public Bank Solution]
 
*[https://www.youtube.com/watch?v=2PHcqzsluLE no more Detroits...The Philadelphia Public Bank Solution]
 
*[https://www.youtube.com/watch?v=Yh0ijO8cBvo The Public Bank Solution to Government Debt and Budget Shortfalls]
 
*[https://www.youtube.com/watch?v=Yh0ijO8cBvo The Public Bank Solution to Government Debt and Budget Shortfalls]
*[https://www.youtube.com/watch?v=L75oinBuY1g VIDEO: Bank of North Dakota]
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*[https://www.youtube.com/watch?v=L75oinBuY1g VIDEO: The 100 year old MODEL Public Bank: The Bank of North Dakota]
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*[https://youtu.be/cpkRvc-sOKk The Story of Solutions!]
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*[https://youtu.be/k5kHACjrdEY The Story of Citizens United v. FEC]
 +
 
 +
== Articles ==
 +
*[https://www.inquirer.com/philly/blogs/inq-phillydeals/Should-Philadelphia-start-its-own-bank.html Should Philadelphia start its own bank? by Joseph N. DiStefano, Phila Inquirer January 26, 2016]
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 +
[[Category:About-Public Banking]]
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[[Category:By-Stan's Creations]]
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[[Category:Is-Article]]
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[[Category:Is-Idea Page]]
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[[Category:Issue-Banking]]
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[[Category:Issue-City Finance]]
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[[Category:Issue-City Government]]
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[[Category:Issue-Fractional Reserve Banking]]
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[[Category:Issue-Money]]
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[[Category:Issue-Municipal Banking]]
  
 
==More==
 
==More==
 +
 
*Movement Website: [http://www.publicbankinginstitute.org/ Public Banking Insitute]: A national movement to help states set up their own banks.
 
*Movement Website: [http://www.publicbankinginstitute.org/ Public Banking Insitute]: A national movement to help states set up their own banks.
 
*Article: [http://wallstreetonparade.com/2013/08/public-banking-institute-calls-largest-wall-street-banks-%e2%80%9cunsafe%e2%80%9d-and-backs-it-up/ Public Banking Institute Calls Largest Wall Street Banks "Unsafe," and Backs It Up], Wall Street On Parade, August 29, 2013.
 
*Article: [http://wallstreetonparade.com/2013/08/public-banking-institute-calls-largest-wall-street-banks-%e2%80%9cunsafe%e2%80%9d-and-backs-it-up/ Public Banking Institute Calls Largest Wall Street Banks "Unsafe," and Backs It Up], Wall Street On Parade, August 29, 2013.
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*[[Philadelphia Public Bank Coalition]]
 
*[https://www.facebook.com/groups/1850488438581554/ Philadelphia Public Bank Coalition group on Facebook]
 
*[https://www.facebook.com/groups/1850488438581554/ Philadelphia Public Bank Coalition group on Facebook]
 +
*[http://phillynn.org/issues-actions/public-banking/ Philadelphia Neighborhood Networks (PNN) Public Banking Action Group]
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*[https://phillynn.org/category/public-banking/ Neighborhood Networks Blog on Public Banking]
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** See also <u>[[Philadelphia Neighborhood Networks (PNN)]]</u>
  
 
== Ellen Brown ==
 
== Ellen Brown ==
 +
 +
*[[Public Banking Institute]]
 
*[https://ellenbrown.com/books/the-public-bank-solution/ The Public Bank Solution]
 
*[https://ellenbrown.com/books/the-public-bank-solution/ The Public Bank Solution]
 
*[https://itsourmoney.podbean.com Podcast: '''It´s Our Money with Ellen Brown''']
 
*[https://itsourmoney.podbean.com Podcast: '''It´s Our Money with Ellen Brown''']
 
*[http://www.yesmagazine.org/new-economy/how-california-could-get-its-money-out-of-wall-street-20180606 How California Could Get Its Money Out of Wall Street - Yes Magazine, updated June 7, 2018]
 
*[http://www.yesmagazine.org/new-economy/how-california-could-get-its-money-out-of-wall-street-20180606 How California Could Get Its Money Out of Wall Street - Yes Magazine, updated June 7, 2018]
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 +
[[Category:About-Public Banking]]
 +
[[Category:By-Stan's Creations]]
 +
[[Category:Is-Article]]
 +
[[Category:Is-Idea Page]]
 +
[[Category:Issue-Banking]]
 +
[[Category:Issue-City Finance]]
 +
[[Category:Issue-City Government]]
 +
[[Category:Issue-Fractional Reserve Banking]]
 +
[[Category:Issue-Money]]
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[[Category:Issue-Municipal Banking]]
  
 
== In The News ==
 
== In The News ==
 +
*[https://www.inquirer.com/opinion/commentary/public-banks-philadelphia-new-jersey-california-20200213.html?utm_source=t.co&cid=Philly.com+Twitter&utm_medium=social&utm_campaign=Philly.com+Twitter+Account Inquirer Opinion column Feb 13, 2020]
 
*[https://www.americanbanker.com/news/american-samoa-finally-gets-a-public-bank-and-us-states-are-watching American Samoa opens a Public Bank]
 
*[https://www.americanbanker.com/news/american-samoa-finally-gets-a-public-bank-and-us-states-are-watching American Samoa opens a Public Bank]
  
 
== The Bank of North Dakota ==
 
== The Bank of North Dakota ==
 +
 
*[https://bnd.nd.gov The Bank of North Dakota website]
 
*[https://bnd.nd.gov The Bank of North Dakota website]
 
*[https://en.wikipedia.org/wiki/Bank_of_North_Dakota Wikipedia Article about the Bank of North Dakota]
 
*[https://en.wikipedia.org/wiki/Bank_of_North_Dakota Wikipedia Article about the Bank of North Dakota]
 
*[https://www.motherjones.com/politics/2009/03/how-nations-only-state-owned-bank-became-envy-wall-street/ Mother Jones: How the Nation’s Only State-Owned Bank Became the Envy of Wall Street]
 
*[https://www.motherjones.com/politics/2009/03/how-nations-only-state-owned-bank-became-envy-wall-street/ Mother Jones: How the Nation’s Only State-Owned Bank Became the Envy of Wall Street]
 
*[https://www.youtube.com/watch?v=L75oinBuY1g VIDEO: Bank of North Dakota]
 
*[https://www.youtube.com/watch?v=L75oinBuY1g VIDEO: Bank of North Dakota]
 +
== Fels Public Banking Study ==
 +
*[https://www.fels.upenn.edu/fels-lab-project-listing/public-banking-study-city-philadelphia Fels Lab Public Banking Study City Philadelphia]
  
 
== About Money ==
 
== About Money ==
 +
 
*[http://money.visualcapitalist.com The Money Project]
 
*[http://money.visualcapitalist.com The Money Project]
 
*[http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ Visualizing Money] See: [[The Money Project]]
 
*[http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ Visualizing Money] See: [[The Money Project]]
 
*[[Idea: How To Pay For What We Need]]
 
*[[Idea: How To Pay For What We Need]]
  
[[Category:Is-Idea_Page]] [[Category:Issue-City_Finance]][[Category:Issue-City_Government]][[Category:Issue-Banking]] [[Category:Issue-Money]][[Category:Issue-Municipal Banking]][[Category:Issue-Public Banking]]
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[[Category:Is-Idea_Page]]  
[[Category:Is-Article]][[Category:About-Public Banking]]
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[[Category:Issue-City_Finance]]
 +
[[Category:Issue-City_Government]]
 +
[[Category:Issue-Banking]]  
 +
[[Category:Issue-Money]]
 +
[[Category:Issue-Municipal Banking]]
 +
[[Category:Issue-Public Banking]]
 +
[[Category:Is-Article]]
 +
[[Category:About-Public Banking]]
 
[[Category:By-Stan's_Creations]]
 
[[Category:By-Stan's_Creations]]
[[Category:Issue-Fractional_Reserve_Banking]][[Category:Issue-Fractional_Reserve_Banking]]
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[[Category:Issue-Fractional_Reserve_Banking]]
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[[Category:Issue-Fractional_Reserve_Banking]]
 
[[Category:Issue-Money]]
 
[[Category:Issue-Money]]
 +
[[Category:About-Money]]

Latest revision as of 23:30, 1 February 2022

This Wikidelphia idea page proposes A Municipal Bank For Philadelphia.

See also Public Banking Institute

Why should Philadelphia Have Its Own Bank?

  • The City can save money and even earn money by creating its own bank... The bank could bring in new revenue without raising taxes!!!

Here's a GREAT two minute video about Public Banks

A little longer video, but worth every second

Resources

Public Banks Are...

  • Viable solutions to the present economic crises in US states.
  • Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
  • Owned by the people of a state or community.
  • Economically sustainable, because they operate transparently in the public interest.
  • Able to offset tax increases with returned credit income to the community.
  • Ready sources of credit for local governments, satisfying the need for “rainy day” funds required to promote the public interest, as defined in their charters.
  • Constitutional, as ruled by the U.S. Supreme Court.

More Videos

Articles

More

Ellen Brown

In The News

The Bank of North Dakota

Fels Public Banking Study

About Money