The Mysterious CAFRs: How Stagnant Pools of Government Money Could Help Save the Economy

The Mysterious CAFRs: How Stagnant Pools of Government Money Could Help Save the Economy
By Ellen Brown
May 20, 2010

For over a decade, accountant Walter Burien has been trying to rouse the public over what he contends is a massive conspiracy and cover-up, involving trillions of dollars squirreled away in funds maintained at every level of government. His numbers may be disputed, but these funds definitely exist, as evidenced by the Comprehensive Annual Financial Reports (CAFRs) required of every government agency. If they don’t represent a concerted government conspiracy, what are they for? And how can they be harnessed more efficiently to help allay the financial crises of state and local governments?

Read the entire article here.

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More States May Create Public Banks

More States May Create Public Banks
By Ellen Brown
May 13, 2010

By 2011, only one state will have escaped the credit crunch that is pushing other states toward insolvency: North Dakota. North Dakota is also the only state that owns its own bank. The state has its own credit machine, making it independent of the Wall Street banking crisis that has infected the rest of the country.

Now, several states are either studying the prospects of a state-owned bank or are considering legislation to make one possible.

Read the entire article here.

The Growing Movement for Publicly Owned Banks

The Growing Movement for Publicly Owned Banks
by Ellen Brown
Mar 17, 2010

We the people have given away our sovereign money-creating power to private, for-profit lending institutions, which have used it to siphon wealth from the productive economy. Some states are moving to take that power back.

Read the article here.

Campaigning for State-Owned Banks

Campaigning for State-Owned Banks
The public bank concept is gaining ground on the state level, attracting proponents across the political spectrum.
by Ellen Brown
February 19, 2010

While bank bailouts fatten Wall Street, states continue to battle the credit crisis. In the search for innovative solutions, some political candidates are proposing that states generate their own credit by setting up their own banks.

Read the entire article here.

Ellen Brown’s Presentation, “How California can Create its own Credit: Own a Bank!”

“How California can Create its own Credit: Own a Bank!”
By Attorney Ellen Brown
August 26, 2009

Watch part 1 of the video here.
Watch part 2 of the video here.
Watch part 3 of the video here.
Watch part 4 of the video here.

Cut Wall Street Out! How States Can Finance Their Own Recoveries

The Bank of North Dakota (BND) is set up as a dba: “the State of North Dakota doing business as the Bank of North Dakota.” Technically, that makes the capital of the state the capital of the bank. Projecting the possibilities of this arrangement to California, the State of California owns about $200 billion in real estate, has $62 billion in various investments and has $128 billion in projected 2009 revenues. Leveraged by a factor of eight, that capital base could support nearly $4 trillion in loans.

Read the entire article here.

For more articles on this subject by Ellen Brown, see here.