The Public Bank Option: Building an Ark
By Mike Krauss
Posted October 28, 2014

an ark for the peopleEllen H Brown is an attorney, researcher, author and daughter of U.S. diplomats. And observant.

In the aftermath of the Wall Street collapse and the catastrophe it let loose, she noticed that while forty-nine of the fifty states and thousands of municipal governments were drowning in red ink and deficits, one state was not: North Dakota.

She investigated and discovered that unlike the other states, the people of North Dakota owned their own central bank, a mini Federal Reserve, the Bank of North Dakota (BND), and as one North Dakota banker put it, “When the crash hit, the BND never blinked, and the credit kept flowing.” More…