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Why Public Banks Outperform Private Banks

German public banks (Sparkassen) are triply profitable: as revenue-generating assets for their government owners, as lucrative sources of taxes, and as a stable funding mechanism for small and medium-sized businesses (a funding mechanism sorely lacking in the US today). 

Ellen Brown, Web of Debt <> / Truthdig <>

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Feb 12, 2015 | In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned bank, “is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003.” The article credited the shale oil boom; but as discussed earlier here, North Dakota was already reporting record profits in the spring of 2009, when every other state was in the red and the oil boom had not yet hit. The later increase in state deposits cannot explain the bank’s stellar record either.

Then what does explain it? The BND turns a tidy profit year after year because it has substantially lower costs and risks then private commercial banks. It has no exorbitantly-paid executives; pays no bonuses, fees, or commissions; has no private shareholders; and has low borrowing costs. It does not need to advertise for depositors (it has a captive deposit base in the state itself) or for borrowers (it is a wholesome wholesale bank that partners with local banks that have located borrowers). The BND also has no losses from derivative trades gone wrong. It engages in old-fashioned conservative banking and does not speculate in derivatives.

Ellen Brown is an attorney, president of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt. In The Public Bank Solution, her latest book, she explores successful public banking models historically and globally. Her websites are,, and

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Democratic Party is losing voters because it has lost its way: internal report


  • Democrats last year lost control of the Senate. Republicans also gained seats in the House of Representatives, with their best showing there since the early days of the Great Depression. And Republicans now control 31 governorships, as Democrats lost party strongholds such as Maryland and Massachusetts.
  • The Democrats Have Lost Their Nerve and Direction, December 31, 2014

David Lightman, McClatchy Washington Bureau

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images/eartothegrounduploads/5975805613_1ce04aa28d_z.jpg21 Feb 2015 |  Democrats have become a confused political party with a muddled message and an inability to turn out enough of its loyal voters, a party task force charged with how to revive the embattled party said Saturday.

“I am here to tell you the Democratic Party has lost its way,” said Gov. Steve Beshear of Kentucky, who presented the report to the Democratic National Committee WINTER.

David Lightman is a reporter based in Washington, D.C. He covers Congress and politics for McClatchy Newspapers.

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The Democrats Have Lost Their Nerve and Direction, December 31, 2014, Compiled by David Culver, Ed., Evergreene Digest

  • If you're a leftie, the Democratic establishment doesn't care about your opinion. They certainly don't want your input. What they want is your vote -- in exchange for exactly nothing in return. They're political parasites, draining the enthusiasm and idealism of progressives, simultaneously neutering and exploiting mainline libs.
  • Part 1: The Democratic Party Keeps Screwing Up
  • Part 2: The Democratic Party Lost Its Way Chasing After Wall St. Cash

Kochs Paid Massive Money to Intellectual Whores Willing to Lie About Climate Change


A Harvard scientist has been accepting cash from the energy industry, namely the Koch brothers, in order to push junk science that claims to refute man-made climate change. This is hardly the first case of Koch-purchased science.

Ring of Fire Radio


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Jeff Danziger

February 22, 2015 | A Harvard scientist has been accepting cash from the energy industry, namely the Koch brothers, in order to push junk science that claims to refute man-made climate change, reported the New York Times. This is the most recent case of Koch-purchased science, but it’s hardly the first.

In the past, the Koch brothers “have donated at least $67 million to organizations that blast out disinformation relating to climate change,” reported Addicting Info.

Below, in its entirety, is the documentary The Koch Brothers Exposed. The film sheds light on the Koch-money network and how it influences scientific studies on climate change.

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