"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
"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. Specifically, the state of NH spent $77 million dollars in 2014, just to pay the interest on its public state debt, due to borrowing money from major privately owned Wall Street banks. Over the previous ten years, the interest payments on the state debt have amounted to $ 629.4 million dollars. Imagine what we could have otherwise done with that money? Imagine having an additional $70 million more dollars each and every year to invest into growth of the state through creating loans? It would ultimately lower real estate taxes. 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, 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."
BANKING ON NEW HAMPSHIRE
A state bank (the state of NH doing business as):
Where's The Money?