Free Newsletter via Email Subscription, the Public Banking Institute, Nov. 29, 2017

Public Banking Institute News: November 29, 2017 Hi Mike! -- Starting a Public Bank: Groundbreaking legal memos describe the paths forward Starting a Public Bank — even when fully convinced of its ultimate value — can seem an overwhelming task when faced with the legal and legislative issues that present themselves. Two legal memorandums — one for the City of San Francisco and one for the City of Santa Fe — have been completed recently that will be very helpful all across the country to those who are working to establish Public Banks. While PBI cannot take credit for these memos, we're fortunate to be in the loop when they come out and are pleased to pass them on. Please share these important legal memorandums with the elected officials and other public banking advocates who are working toward a public bank in your area. [read more] Ann Tulintseff rejoins PBI as Treasurer Ann Tulintseff is an electrical engineer with 25 years experience in the aerospace industry. An early Board member of PBI, Ann believes that monetary reform and public banking are fundamental to achieving economic and political justice as well as real democracy and world peace. Inspired by Ellen Brown's book, Web of Debt, Ann authored a book review entitled, "The government is in debt to private banks that pretend to have money," published in March, 2009. In addition to monetary reform, Ann also has interests in alternative medicine, diet, and the "electric universe." Ann has Ph.D., E.E., S.M., and S.B. degrees in electrical engineering from the Massachusetts Institute of Technology, Cambridge, MA, with her studies in the fields of antennas, electromagnetic wave theory, and applied mathematics. NoDAPL activists call for city-owned Public Bank in Boulder, to be discussed in December As has happened in several eco-minded cities, Boulder’s City Council passed a resolution about a year ago to consider severing ties with JP Morgan Chase in support of the Standing Rock Sioux and allies who protested the Dakota Access Pipeline. After several months of exploration, staff reported to the Council in October that it did not appear there were any banks both capable of handling the city’s significant banking needs and able to meet the city’s standards on fossil fuels and other ethical matters. In response, a coalition of 23 different groups — among them: Earth Guardians, Elephant Journal, 350 Colorado, Kids Against Fracking and Rainforest Action Network — co-signed a letter to the council that argues there is, in fact, an option to maximize both objectives: a Public Bank. [read more]   International News: Former governor of the Bank of Spain says a public entity should create money, instead of private banks Positive Money, the monetary reform group based in the UK, posts that Miguel Ángel Fernández Ordóñez, former governor of Bank of Spain, is now recommending money creation by public entity instead of by private banks. He references the advances in technology that would allow safe public issuing. He came to the Spanish Lower House on Nov 7, 2017 and said the following: “In the latest years, some analysts have emerged who are evaluating the possibility to change current money creation system by private banks and to substitute it with another one which would let every citizen deposit their money at central banks.[read more]   "It’s Our Money with Ellen Brown" latest podcast: Politics and Public Banking The excitement surrounding the inclusion of public banking in political campaigns is now shifting gears into the nitty-gritty process of educating and encouraging legislators and candidates to move forward. This week Ellen and Walt discuss some of these races and the issues that propel them, we talk with a NJ State legislator about whether the new governor there will be able to pursue his state bank agenda, and we uncover another new gubernatorial candidacy that may also drive for a public bank. Ellen’s guest Stephen Lendman returns to the show to reflect on the larger political and civic issues affected by our private banking regime. [read more] Coming Public Banking Events Thursday, November 30, Los Feliz (Los Angeles), CA | 6:30pm | Los Feliz 3 Cinemas 1822 N Vermont Ave Presentation on Public Bank LA's campaign by David Jette, hosted by the Los Feliz Neighborhood Council. The Council voted unanimously in August to recommend that the LA City Council move forward with the creation of a publicly controlled Bank of Los Angeles. The 30 minute presentation will be followed by a free screening of Trading Places (1983) starring Eddie Murphy, Dan Aykroyd and Jamie Lee Curtis. Facebook event. More information.  Connect with us! Facebook, Twitter, Vimeo, YouTube Want to get involved? Register to join our monthly Coalition conference calls. Once a month, PBI hosts an hour-long Public Banking Coalition conference call when we introduce the concept of Public Banks, discuss current issues and give updates on the advances being made for Public Banks all across the country. Calls take place at12:00pm ET / 9:00am PT on 2nd Fridays of each month. Like our work? Thank our donors.BETTER YET, BECOME ONE!Support the Public Banking Institute.