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#publicbanking — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #publicbanking, aggregated by home.social.

  1. A History of Central Banking: Stephen Mitford Goodson.


    By Jerry Alatalo | May 29, 2026

    This post consists of a series of screen shots taken from the PDF of Stephen Mitford Goodson’s classic book on private banking: “A History of Central Banking and the Enslavement of Mankind”, plus excerpts from speeches made in the 1930s by Congressman Louis T. McFadden.

    The information herein should serve as the basis and incentive for further research on arguably the most important issue on Earth.

    The PDF is available as a free download online.

    ***

    ***

    Congressman McFadden’s Speech on the Federal Reserve Corporation

    On May 23, 1933, Congressman, Louis Thomas McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, and TREASON.

    The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has YET TO BE ACTED ON. So, this ELECTRONIC BOOKLET should be reprinted, reposted, set up on web pages and circulated far and wide. Congressman McFadden on the Federal Reserve Corporation Remarks in Congress, 1934

    AN ASTOUNDING EXPOSURE Reprinted by permission 1978 Arizona Caucus Club

    Congressman McFadden’s Speech on the Federal Reserve Corporation

    Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than 10 years, was the best posted man on these matters in America and was in a position to speak with authority of the vast ramifications of this gigantic private credit monopoly.

    As Representative of a State which was among the first to declare its freedom from foreign money tyrants, it is fitting that Pennsylvania, the cradle of liberty, be again given the credit for producing a son that was not afraid to hurl defiance in the face of the money-bund.

    Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him. Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry.

    Page | 1 of 32

    “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning”. — Henry Ford

    Louis T. McFadden’s Speech In the House of Representatives – 10 June 1932

    “Mr. Chairman, at the present session of Congress we have been dealing with emergency situations. We have been dealing with the effect of things rather than with the cause of things. In this particular discussion I shall deal with some of the causes that lead up to these proposals. There are underlying principles which are responsible for conditions such as we have at the present time and I shall deal with one of these in particular which is tremendously important in the consideration that you are now giving to this bill.

    The Federal Reserve – A Corrupt Institution

    “Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.

    “This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.

    “Some people think that the Federal Reserve Banks are United States Government institutions. They are not government institutions. They are private credit monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.

    “In that dark crew of financial pirates, there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislation; and there are those who maintain International propaganda for the purpose of deceiving us and of wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion, their gigantic train of crime.

    Page | 2 of 32

    “Those twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions.

    “Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War 1 [WWI].

    FINANCING TROTSKY AND INSTIGATING THE RUSSIAN REVOLUTION (ADVENT OF COMMUNISM)

    “They financed Trotsky’s mass meetings of discontent and rebellion in New York. They financed Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky’s disposal in one of their branch banks in Sweden so that through him, Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children.

    “Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any”.

    Wilson Deceived To Establish The Federal Reserve

    “It has been said that President Wilson was deceived by the attentions of these bankers and by the philanthropic poses they assumed. It has been said that when he discovered the manner in which he had been misled by Colonel House, he turned against that busybody, that “holy monk” of the financial empire, and showed him the door. He had the grace to do that; and in my opinion he deserves great credit for it. President Wilson was a victim of deception. When he came to the Presidency, he had certain qualities of mind and heart which entitled him to a high place in the councils of this Nation. But there was one thing he was not, and which he never aspired to be: He was not a banker. He said that he knew very little about banking. It was therefore on the advice of others that the iniquitous Federal Reserve Act — the death warrant of American Liberty — became law in his administration.

    The Aldrich Bill

    “In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill.

    Page | 3 of 32

    “This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.

    THE DEMOCRATIC PARTY PROMISES NOT TO CREATE A CENTRAL BANK

    “The Aldrich Bill was condemned in the platform upon which Theodore Roosevelt was nominated in the year 1912; and in the same year — when Woodrow Wilson was nominated — the Democratic platform as adopted at the Baltimore Convention expressly stated: ‘We were opposed to the Aldrich plan for a central bank’. This was plain language. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reins of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the ‘King’s Bank’ to control us from the top downward, and from the cradle to the grave.

    Consequences of the Federal Reserve Act

    “The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our one-name commercial paper, the finest in the world, and it set up the antiquated two-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sought to save us.

    President Jackson’s Time

    “One of the greatest battles for the preservation of this Republic was fought out here in Jackson’s time; when the Second Bank of the United States, founded on the same false principles of those which are here exemplified in the Fed was hurled out of existence. After the downfall of the Second Bank of the United States in 1837, the country was warned against the dangers that might ensue if the predatory interests after being cast out, should come back in disguise and unite themselves to the Executive and through him, acquire control of the Government. That is what the predatory interests did when they came back in the livery of hypocrisy and under false pretences, obtained the passage of the Federal Reserve Act.

    (Source: DocsLib.org)

    #AllWarsAreBankersWars #BankForInternationalSettlements #ConstitutionalLaw #OriginOfFederalReserve #PrivateCentralBanks #PublicBanking
  2. CW: Moody (language and attitude)

    I'll just be satisfied that I didn't waste too much life energy trying to persuade a bunch of nincumpoop legislative apparatus that ....

    there is no 'democracy' without

    #RankedChoiceVoting and #ProportionalRepresentation and
    #PublicBanking

    It's not like they haven't been told already by voices more authoritative than mine.

    #FuckThisShit

  3. CW: Moody (language and attitude)

    I'll just be satisfied that I didn't waste too much life energy trying to persuade a bunch of nincumpoop legislative apparatus that ....

    there is no 'democracy' without

    #RankedChoiceVoting and #ProportionalRepresentation and
    #PublicBanking

    It's not like they haven't been told already by voices more authoritative than mine.

    #FuckThisShit

  4. Public Bank East Bay: pioneering a new way to invest public money for the public good.
    🏡 Affordable housing
    🌱 Green energy
    💼 Small biz
    Nonprofit wholesale bank working with local governments to support community projects.
    #PublicBanking #EconomicJustice #EastBay
    Learn more:
    publicbankeastbay.org

  5. #PublicBanking in a Time of Crisis: How to Rebuild #LosAngeles
    From LA’s wildfires to Asheville’s #floods, #disasters are intensifying and demand resilience. Public banking offers a blueprint for #recovery : leverage #public dollars to cut long-term costs, create jobs, and rebuild smarter.
    #Fire #LAFire #ClimateChange #flood #insurance
    commondreams.org/opinion/publi

  6. #PublicBanking in a Time of Crisis: How to Rebuild #LosAngeles
    From LA’s wildfires to Asheville’s #floods, #disasters are intensifying and demand resilience. Public banking offers a blueprint for #recovery : leverage #public dollars to cut long-term costs, create jobs, and rebuild smarter.
    #Fire #LAFire #ClimateChange #flood #insurance
    commondreams.org/opinion/publi

  7. #PublicBanking in a Time of Crisis: How to Rebuild #LosAngeles
    From LA’s wildfires to Asheville’s #floods, #disasters are intensifying and demand resilience. Public banking offers a blueprint for #recovery : leverage #public dollars to cut long-term costs, create jobs, and rebuild smarter.
    #Fire #LAFire #ClimateChange #flood #insurance
    commondreams.org/opinion/publi

  8. As long as our community is at the "mercy" of big business, we can't survive, much less thrive. We must stop the rape & pillage of our labor & resources. We must bypass their system.

    "We must find ways to work together where we can, in our cities & states, communities & bio-regions, to build the kind of future we want. Otherwise we are at the mercy of forces that will overwhelm us."

    resilience.org/stories/2025-01

    #ReLocalization #Community #PublicBanking #Organizing #Sustainability #Affordability

  9. As long as our community is at the "mercy" of big business, we can't survive, much less thrive. We must stop the rape & pillage of our labor & resources. We must bypass their system.

    "We must find ways to work together where we can, in our cities & states, communities & bio-regions, to build the kind of future we want. Otherwise we are at the mercy of forces that will overwhelm us."

    resilience.org/stories/2025-01

    #ReLocalization #Community #PublicBanking #Organizing #Sustainability #Affordability

  10. Public Bank East Bay (PBEB) will be a pioneering institution dedicated to lending locally for community-wide needs, initially specializing in affordable housing🏠, green energy infrastructure🌿, and small business growth with a focus on BIPOC-owned small business💼.

    #AffordableHousing #GreenEnergy #SmallBusinesses #BIPOC #publicbank #publicbanking

    Learn More About Public Banking: youtube-nocookie.com/embed/lph
    invidious.reallyaweso.me/watch

  11. #Florida’s Republican CFO Jimmy Patronis asked lawmakers to check out starting a state-run #bank to keep Florida’s $150B from big (private) banks.

    It’s a big deal because usually this stuff gets pushed from the left, but here a GOP guy is leading the charge, tying it to conservative values like local control.

    Even though other states have struggled with similar ideas, Florida’s move shows #PublicBanking is gaining some traction across the political spectrum.

    znetwork.org/znetarticle/flori

  12. #Florida’s Republican CFO Jimmy Patronis asked lawmakers to check out starting a state-run #bank to keep Florida’s $150B from big (private) banks.

    It’s a big deal because usually this stuff gets pushed from the left, but here a GOP guy is leading the charge, tying it to conservative values like local control.

    Even though other states have struggled with similar ideas, Florida’s move shows #PublicBanking is gaining some traction across the political spectrum.

    znetwork.org/znetarticle/flori

  13. #NewJersey's Governor proposed a state-owned #PublicBank for social good. Despite obstacles, a Social Impact Investment Fund was established.

    Other states like California and cities like Los Angeles and San Francisco are also moving towards #PublicBanking. Philadelphia has passed a law for a municipal bank. Nationally, there's interest in a government-owned National Infrastructure Bank. North Dakota already has a successful public bank model.

    #economy #banking
    znetwork.org/znetarticle/publi

  14. #NewJersey's Governor proposed a state-owned #PublicBank for social good. Despite obstacles, a Social Impact Investment Fund was established.

    Other states like California and cities like Los Angeles and San Francisco are also moving towards #PublicBanking. Philadelphia has passed a law for a municipal bank. Nationally, there's interest in a government-owned National Infrastructure Bank. North Dakota already has a successful public bank model.

    #economy #banking
    znetwork.org/znetarticle/publi

  15. New #PublicBanking video from US Solidarity #Economy Network & California Public Banking Alliance:

    “We're excited to share a new video that will shape the future of your community and pave the way for economic prosperity. As passionate advocates in this ongoing journey, our latest explainer video shows the transformative potential of public banks and how they prioritize people over profits and drive #community-focused projects.”

    #peopleoverprofit
    youtube.com/watch?v=HooU2qC4qx

  16. New #PublicBanking video from US Solidarity #Economy Network & California Public Banking Alliance:

    “We're excited to share a new video that will shape the future of your community and pave the way for economic prosperity. As passionate advocates in this ongoing journey, our latest explainer video shows the transformative potential of public banks and how they prioritize people over profits and drive #community-focused projects.”

    #peopleoverprofit
    youtube.com/watch?v=HooU2qC4qx

  17. @ngaylinn Maybe USPS banking is a solution - USPS leadership is fighting against it, which probably means it's a good idea.
    inequality.org/research/people

    #publicBanking #USPS

  18. @ngaylinn Maybe USPS banking is a solution - USPS leadership is fighting against it, which probably means it's a good idea.
    inequality.org/research/people

    #publicBanking #USPS

  19. BIG NEWS– The Friends of Public Bank East Bay have:

    • Hired a highly experienced & committed start-up CEO, Scott Waite
    • Confirmed two stellar co-chairs, Jennifer Esteen, R.N. and Paulina Gonzalez-Brito, to lead the slate of board candidates
    • Raised our first million dollars, and are embarking on the second million

    Read our full press release & check out the videos from PBEB leadership on our website!
    PublicBankEastBay.org/recent-a

    #PublicBanking
    #JustTransitions
    #EastBayEconomics

  20. BIG NEWS– The Friends of Public Bank East Bay have:

    • Hired a highly experienced & committed start-up CEO, Scott Waite
    • Confirmed two stellar co-chairs, Jennifer Esteen, R.N. and Paulina Gonzalez-Brito, to lead the slate of board candidates
    • Raised our first million dollars, and are embarking on the second million

    Read our full press release & check out the videos from PBEB leadership on our website!
    PublicBankEastBay.org/recent-a

    #PublicBanking
    #JustTransitions
    #EastBayEconomics

  21. #USA #Banking #Finance #PublicBanking: "By killing Omarova’s nomination out of fear of what she might do as comptroller, the banking sector may have inadvertently given space to her more radical proposals for overhauling our financial system. Earlier this year, in a New York Times op-ed, Omarova suggested the government take a “golden share” in systemically significant banks, giving it specific rights that would allow it to gain insight into operations, discipline bank management, intervene to propose or block certain actions, and generally help manage the risk financiers have assumed at great cost to the public.

    The spectacle of the nomination fight, and the banking crisis in Silicon Valley earlier this year, have come at a time when people are searching for ideas about the public purpose of various institutions and economic activities. What role should finance play in building out public goods and services? What role should the public play in technological development? What sort of activities should be legal, illegal, heavily curtailed, or experimented with?

    The new openness to industrial policy offers an opportunity to pursue bolder strategies to rid us of the parasites that dominate our political and economic system. A National Investment Authority that could lend or guarantee private debt, set up a public equity fund, pursue development goals with an infrastructure bank, and rescue institutional investors from the hunt for excessive returns would help starve the beasts that loom over Palo Alto, and the horde that profits from the destruction of our planet."

    dissentmagazine.org/article/sa

  22. #USA #Banking #Finance #PublicBanking: "By killing Omarova’s nomination out of fear of what she might do as comptroller, the banking sector may have inadvertently given space to her more radical proposals for overhauling our financial system. Earlier this year, in a New York Times op-ed, Omarova suggested the government take a “golden share” in systemically significant banks, giving it specific rights that would allow it to gain insight into operations, discipline bank management, intervene to propose or block certain actions, and generally help manage the risk financiers have assumed at great cost to the public.

    The spectacle of the nomination fight, and the banking crisis in Silicon Valley earlier this year, have come at a time when people are searching for ideas about the public purpose of various institutions and economic activities. What role should finance play in building out public goods and services? What role should the public play in technological development? What sort of activities should be legal, illegal, heavily curtailed, or experimented with?

    The new openness to industrial policy offers an opportunity to pursue bolder strategies to rid us of the parasites that dominate our political and economic system. A National Investment Authority that could lend or guarantee private debt, set up a public equity fund, pursue development goals with an infrastructure bank, and rescue institutional investors from the hunt for excessive returns would help starve the beasts that loom over Palo Alto, and the horde that profits from the destruction of our planet."

    dissentmagazine.org/article/sa

  23. From @NextCityOrg :
    Lifting or eliminating the cap on FDIC insurance for banks could be part of the response to the current #BankingCrisis. Here’s what it could mean for local, community and #PublicBanks .
    #PublicBank #PublicBanking
    nextcity.org/urbanist-news/rem

  24. Energy #efficiency, #HeatPumps, and rooftop #solar, besides being #climate-friendly, can save a lot of money in the long run. But the upfront cost is a major barrier. #GreenBanks can help.

    "Green banks can be public, quasi-public or nonprofit institutions. Many state-level green banks have focused much of their work in low- to moderate-income communities, which have the greatest need for #energy upgrades and the least access to #financing.

    #PublicBanking
    pewtrusts.org/en/research-and-