Minister of State Ring launches consultation on Local Community Banking The consultation process will run until Wednesday 29 March 2017. Full details below: — This is a very significant development. The community/public banking debate is now on. This has been the objective of the PBFI since it was formed in 2013. It is now great to see the major political …Read more »
Category Archives: Uncategorized
Proposal on rescuing Ireland’s distressed mortgage-holders and small businesses by the PBFI – Feb 2017
PBFI – Proposal on rescuing Ireland’s distressed mortgage holders and small businesses: Feb 2017 The PBFI proposes that a significant national funding mechanism be established, such as that outlined below, in order to facilitate the bailing out of distressed mortgages and business loans from banks, financial institutions and vulture funds, by Compulsory Purchase Order (CPO) where necessary. Through this mechanism …Read more »
Blog Test by The Public Banking Forum of Ireland. 9-6-2016 Banking in the public interest.
Any Bob Dylan fan will be familiar with the song title ‘Shelter form the storm’. Here’s where Germans took Shelter from the financial storm, back in 2008. In 2008 when the European private bank failure was unleashed on the public, €1bn in deposits came rushing in to the safety of the German Sparkassen Public Savings Banks in just a two week period. …Read more »
Iceland Jailed Bankers and Rejected Austerity—and It’s Been a Success Posted on Jun 11, 2015 By Roisin Davis TruthDig.com Iceland’s unemployment rate of less than 4% is 40% of that of Ireland, even though we have JobBridge or as it is called by some ScamBridge. Click on Graph to enlarge: Now, less than a decade later, the nation’s economy is booming. …Read more »
Article from from ISME Blog Posts Word reaches us that someone has turned up the heat at AIB bank. No, not the office thermostat but the intensity of their pursuit of debtors has gone up a notch or ten in the last few weeks we have been told. Though the rest of us may call it the Season of Goodwill, …Read more »
The Real Banking Enquiry – Poster The Real Banking Inquiry Bailing out the self serving commercial banks destroyed this country. • €70bn bail-out, paid by us • State pension fund pillaged by €21bn • Debt to GDP: 2008 – 25%, 2014 – 123% • National debt now €203bn • €8bn per year interest on the debt • Resulting, Austerity, Property Tax …Read more »
PUBLIC BANKING FORUM OF IRELAND (PBFI) www.RepublicIrelandBank.com Press release – 13th Nov 2015 To everyone interested in having cash and BEING DEBT FREE. The Irish people bailed out the privately owned commercial banks in Ireland and across Europe at a cost of €15,000 for every many woman and child in the country. The Bail-out continues; every month, for every, man, woman and …Read more »
Type State-owned enterprise Founded May 2001 Headquarters Wellington, New Zealand Key people Paul Brock (Chief Executive) Rob Morrison (Chairman of Board of Directors) Products Banking and financial services Number of employees 900+ Parent New Zealand Post Kiwibank Limited is a wholly owned subsidiary of the state-owned enterprise New Zealand Post Limited. Through Kiwibank, New Zealand Post provides banking services through …Read more »
Chris Menon interview with Prof Steve Keen Q. Much of the reforms that you recommend are predicated on reform of the banking sector, cutting the banking sector down to size. How realistic is that given the nexus between the political class and the banks….? Professor Steve Keen A. “We have to break that political nexus, it’s false, because the reality …Read more »
Two Political Parties now supporting/promoting the Public Banking Proposal. The PBFI who have been promoting the establishment of a system of Public Banks in Ireland since 2013 is delighted that two Political Parties, Sinn Fein and the Green Party are now supporting and promoting variants of this initiative. The PBFI and the Savings Bank Foundation for International Co-operation (SBFIC) introduced …Read more »
Fast-tracking TiSA: Stealth Block to Monetary Reform Posted on June 11, 2015 by Ellen Brown 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. …Read more »
The Central Bank of Ireland; Public or Private? Working in the public interest? In 1939 Seán T O’Kelly was appointed Minister of Finance. He secured the passing of The Central Bank Act1942. On July 17th 1942, at the fifth and final stage of the Dáil debate on the “Central Banking Bill”, he argued that the owner of the credit …Read more »
‘Our’ Celtic Tiger or the ECB’s Balloon? • Enabling the transfer of the fiscal and budgeting powers of Ireland, Greece, Spain & Portugal to the EU, the ECB instructed the Central Banks in all four countries to increase credit creation to extraordinary levels (over 20% p.a. from 2004). This created an artificial economic boom. • The rest of Europe had …Read more »
The Public Banking Forum of Ireland (PBFI) – Briefing Document 4-2015
As we set new targets for growth called Agri-Food 2025, maybe now is a good time to see if our countries banking model is fit for purpose for the largest and most important sector of the Irish economy Article by Eoin Lowry – Agribusiness Editor Farmers Journal Read article & sign up for 6 free articles per month from The …Read more »
Part of article by Ellen Brown Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap? Read full article here on Web of Debt The Swiss have a network of cantonal (provincially-owned) banks that are so similar to the Sparkassen banks that they were invited to join the SBFIC. The Swiss public banks, too, have been shown to be …Read more »
Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap? Read full article on Web of Debt Blog Posted on February 10, 2015 by Ellen Brown Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts. Under the TPP and TTIP, however, publicly-owned banks on both sides of the oceans might wind up getting …Read more »
LaRouche Irish Brigade Lyndon LaRouche today launched an international initiative, centered in Manhattan, to expose the utter fraud of the debt which is being attributed to Greece by the European Union and the British Empire’s banks. That debt is being used as blackmail to try to bludgeon Greece—and after them, all of Europe—into committing suicide by imposing genocidal bankers’ austerity, …Read more »
The Bank of Canada used to be a government lending institution, creating near interest free loans that built much of Canada’s infrastructure during the 50’s and 60’s. In 1974 at the Bank of International Settlements in Basel Switzerland, Trudeau Sr. was convinced by fellow Bilderberg attendees to dismantle this crucial function of the Bank of Canada, and since then we’ve …Read more »
How the money system could work for the people if we had a ‘Public’ Central Bank as they had in Canada up to 1974. Canadian System up to 1974 Government create a Bond and give it to ‘Public’ Bank of Canada. The ‘Public’ Bank of Canada prints/creates and deposits the money for the Bond in the Governments Bank …Read more »
Letter to your elected representatives Letter to your local Public Representative
Let’s build a banking system that works for us. The Public Banking solution: Banking in the Public Interest! “Permit me to issue and control the money of a nation, and I care not who makes its laws!” Mayer Amschel Rothschild. We have given exclusive power to create the nation’s money to private banks. That was our …Read more »
Friday 27th June Irish Examiner A system of regional publicly owned banks with a focus on lending to the SME sector could play an important role in restoring faith in the banking system and supporting economic growth, according to a leading expert. Niclaus Bergmann, who is the managing director of the German-based Savings Banks Foundation for International Co-operation, was in …Read more »
Jan 7th 2013 – © Irish Examiner Ltd. All rights reserved An alliance between credit unions and the post office network could provide the most innovative and far- reaching initiative in Irish retail financial services for more than a generation. The contraction of the Irish banking network is irreversible and gaining in momentum. The footprint of the bank networks has already …Read more »
Article by Paul Gosling 5 June 2014 Ireland has one of the world’s largest credit union sectors, per capita. While the movement is perceived to have been around for generations, the first credit union in the Irish Republic was actually started in 1956. Its roots were firmly in a co-operative movement, with co-operatives established in Dublin to promote jobs and economic …Read more »
Economist Jim Power says the ideas of independents and those who question austerity, etc, scares the living daylights out of him (Irish Examiner, May 28). He hopes all will return to normal and by 2016 the people will continue to go with the status quo of political parties. In 2008, when the bankster-engineered crash hit, not all of the people …Read more »
Speaking at the Just Banking conference in April, Prof Richard Werner called for an end to the suppression and repression of the third sector, including mutually-owned financial institutions and credit unions, while also calling for the introduction of a “regime of credit guidance”. Werner, chair in international banking at University of Southampton School of Management and founding director of the …Read more »
Securitisation: Bank Fraud – Lawyer – Free Speech Australia Transcript from video: 3:30 minutes – Structure diagram “Your monthly payments are called receivables. Your so called lender (the bank) does nothing else but sell these receivables. They are in fact never a lender their real and only purpose is to steal your promise to pay in form of a signed mortgage …Read more »
‘Hands off KfW cask’, Higgins tells AIB and Bank of Ireland 16 March 2014 Statement by Senator Lorraine Higgins Euro Candidate for Ireland Midlands North West Need for business-focused bank to support growth in SME sector Labour European Candidate Lorraine Higgins has said that KfW funds should not go to the pillar banks of Bank of Ireland and AIB, but …Read more »
Read full article on Ellen Browns Blog Web of Debt September 23, 2013 by Ellen Brown The Unbanked and Underbanked: A Massive Untapped Market The “unbanked” are not a small segment of the population. In a 2011 survey, the unbanked and underbanked included about one in four households. Without access to conventional financial services, people turn to an expensive alternative …Read more »
The Bank of England’s dose of honesty throws the theoretical basis for austerity out the window. David Graeber theguardian.com, Tuesday 18 March 2014 ‘The central bank can print as much money as it wishes.’ Photograph: Alamy Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn’t know how banking …Read more »
Read full article on Irish Examiner Website THERE are three reasons why a managed exit by Ireland from the eurozone is the most urgent economic priority. But first consider this reality. The German finance minister, under whom the euro was launched, Oskar Lafontaine, earlier this month called for its break-up. He asserted “the current policy is leading to disaster”. …Read more »
Read full article on Common Dreams website On March 20, 2014, European Union officials reached an historic agreement to create a single agency to handle failing banks. Media attention has focused on the agreement involving the single resolution mechanism (SRM), a uniform system for closing failed banks. But the real story for taxpayers and depositors is the heightened threat to their pocketbooks of …Read more »
Chiemgauer – Germany. A local debt free currency. Equivalent to €7m turnover in 2013. 3,700 Users – 650 Businesses. •Supports Local Shops, Businesses & SMEs •Supports Local Suppliers •Money stays in the community •Promotes Community Spirit
Published on Sep 2, 2012 While Germany is striving to make sure the Euro stays afloat, its old currency, the Deutschmark, is showing no signs of being discarded. RT’s Peter Oliver has the details of Berlin’s old school savings for a rainy day. 13 bn still in circulation.
Meeting Stournara the administration of the German savings banks Sparkassen-Finanzgruppe By George J. Dimitromanolaki http://www.newmoney.gr/article/24765/synantisi-stoyrnara-me-ti-dioikisi-ton-germanikon-apotamieytikon-trapezon-sparkassen Two branches one in Patras and one in Northern Greece, Katerini promotes according to all indications, the administration of the German savings banks of the famous Sparkassen-Finanzgruppe. The administration of the German Savings Banks presented the Finance Minister Yannis STOURNARA a comprehensive plan for the …Read more »
Network of forty autonomous local branches planned for the Sparkassen Greece from 2014 onwards From Dimitri Katsagani If the older statesman etazan once to “every town and a university”, the current plan, together with German bankers, the European Union and those Greek businessmen still have some chapters in each county and a savings bank for the sake of SMEs in each …Read more »
independent.ie LIAM FAY – PUBLISHED 01 MARCH 2014 02:30 AM Let Us Pay. Community Wants Motor Tax. Social Welfare not Government Welfare. A Safe Place To Save. As the placard slogans indicated, Wednesday night’s demonstration against post office closures, which saw hundreds of people gather outside Leinster House, was a remarkable event. The rally was powered by something very rare: a public desire …Read more »
Read full article on BusunessETC thejournal.ie “I’m sending a signal out to Europe that a growing Irish economy has space for more banking activity and we would welcome their participation.” Please Michael make it a Public Bank and not just more the same as we have!
Irish Independent CHARLIE WESTON PERSONAL FINANCE EDITOR – 17 APRIL 2012 Regulators feel that 407 separately owned and run credit unions is far too many. The move to encourage mass mergers among the lending co-operatives could see their number fall to as few as 250 over the next three years, although no official figure has been put on the number of …Read more »
www.examiner.com Kenneth Schortgen Jr., Finance Examiner Wednesday, 05 February, 2014 “However, on Feb. 5, an insider and former head trader for a top banking firm issued a warning that new information is out which shows that ‘hit squads’ have been made active in the Wall Street area, and that a high level banker tied to recent investigations into Forex manipulation, along with up …Read more »
By Simon Rose on December 11, 2013 Read full article Save Our Savers UK Focus on real economy Although Germany has big banks with famous names and international reputations, the majority of business financing is carried out by the decentrally organised banking groups of which savings banks are a substantial part. The Savings Bank Finance Group has roughly 42% share of business financing, …Read more »
By Greg Allen, banking and finance consultant with GDA Consulting Aug 3, 2010 Financial regulator Matthew Elderfield and Kieron Brennan, chief executive of the Irish League of Credit Unions: could getting rid of credit unions be at the back of the regulator’s mind? Credit unions will vanish from Ireland over the coming years. A familiar pattern will emerge of small …Read more »
Read full article dailycaller.com 2014/01/29/ International bank HSBC has been restricting its customers from withdrawing large sums of cash if they can’t provide a good enough reason for why they need it. The policy was brought in to effect in November 2013 , but customers were not notified of it. The rule was uncovered after the BBC’s “Money Box” program began investigating complaints by …Read more »
WRITTEN BY POSITIVE MONEY ON NOVEMBER 26, 2013. POSTED IN ENVIRONMENT & HEALTH & EDUCATION, PARLIAMENT & LEGISLATION One of the key paragraphs: EC661 The Green Party believes that, as the means of exchanging goods and services, the stock of money is a vital common resource which should be managed in the public interest. Yet only 3% of our money supply currently exists in the form …Read more »
Posted on January 29, 2014 by Yves Smith Naked Capitalism readers have frequently called for the Post Office to offer basic banking services, as post offices long have in many countries, notably Japan. That idea has gotten an important official endorsement in the form of a detailed, extensively researched concept paper prepared by the Postal Service’s Inspector General. I’ve embedded it and strongly …Read more »
By Ellen Brown, Web of Debt Posted on Jan 30, 2014. Read full article on truthdig This piece first appeared at Web of Debt. “Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. They involve more than a …Read more »
Civitas http://www.civitas.org.uk/press/prSparkassen.php Britain needs German-style banking to reignite growth Copy Germany and create local banks, says report Coalition efforts to reform Britain’s over-centralised banks do not go nearly far enough, suggests a new Civitas report. Britain remains over- too reliant on big banks despite incoming Bank of England Governor Mark Carney’s recent warning that “too big to fail” banks are …Read more »
- The actually cost of sustaining the current financial system.
- Two Political Parties now supporting/promoting the Public Banking Proposal.
- The Greek Debt Is a Swindle—So Is the Entire Transatlantic Financial System, Sink It to Stop WWIII
- Public banks with focus on SME lending proposed – John Walsh, Business Editor – Irish Examiner.
- A post-bank alliance with social credits – Prof Ray Kinsella
- How Irish credit unions are holding up against the financial crisis
- What We Could Do with a Postal Savings Bank: Infrastructure that Doesn’t Cost Taxpayers a Dime
- The truth is out: money is just an IOU, and the banks are rolling in it.
- Should Ireland exit the euro zone? Prof. Ray Kinsella – May 20, 2013
- Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins by Ellen Brown
- Insider warns that more banker assassinations are coming
- German savings banks – a model to follow?
- Bank refuses to give customers their money unless they can prove a good reason for needing it.
- Green Party UK: “The power to create money must be removed from private banks”
- 10 year old explains where money comes from.12-year old explains world debt
- The Case for Parallel Public Banking Institutions
- How much has Ireland paid for the EU banking crisis?
- Impeachment of Paddy Quislings
- “A blueprint for a new, working, banking system for Ireland” By James Deeny
- Ireland in 2014 a BA -NAMA Republic, a land devoid of democracy. By Thomás O Cléirigh
- SME fightback hobbled by financing shortfall – The Examiner
- Overthrow the Speculators by Chris Hedges
- A heavy price for banking failure – David McWilliams
- PUBLIC BANKING FORUM OF IRELAND: PRESS RELEASE.
- Ireland Exits Troika Bailout To Prepare For Bail-ins:
- Minister of State launches consultation on Local Community Banking
- Proposal on rescuing Ireland’s distressed mortgage-holders and small businesses by the PBFI – Feb 2017
- Shelter from the Storm
- Iceland Did Things Differently and …