Where's The Money?

BANKING ON NEW HAMPSHIRE

"It is well enough that 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

​A state bank (the state of NH doing business as): 

  • Would team up with local community banks, credit unions, and community development agencies to keep public money at home.
  • Create new jobs; partner with local banks by sharing risk and buying down interest rates to drive lending to small businesses.
  • Generate new revenue for states through job growth, and bringing home money that it currently sends to Wall Street. 
  • Strengthen local banks through participation loans and other services.
  • Lower public debt costs for local governments. A public development bank (state bank) could borrow at the Federal Reserve's discount window. The power to lend directly to local governments at below market interest rates will allow other capital for important infrastructure growth projects. 

"Banking on New Hampshire" is the NH affiliate of the Public banking institute. You can find out more information about public banking by going to:  

Dedicated people are helping to educate the public about how our monetary system is working, or rather NOT working for us. The state of NH is currently obliged to borrow on the private market for additional capital to pay for its needs to run the business of the state. This continued borrowing creates an ever increasing debt and pressure for more taxation. This is not necessary. NH has ample existing assets to establish by law, a self funding state (public) bank, capable of eliminating dependence upon private funding where necessary and thereby saving millions of tax payers dollars and enabling a new era of growth and prosperity. 


According to Ellen Brown in "Web of Debt" ( a must read!) "the dollar is a national resource that belongs to the people. It was an original invention of the early American colonists, a new form of paper currency backed by the 'full faith and credit' of the people. But a private banking cartel has taken over its issuance, turning debt into money and demanding that it be paid back with interest. Taxes and a crushing federal debt have been imposed by a financial ruling class that keeps the people entranced and enslaved."