Ellen Brown: Why Is Fed Paying Banks Ten Times More Interest on “Savings” Than Banks Pay Us? Time for the Fed to be a National Bank, Of, By, and For We the People!

03 Economy, Commerce, Corruption
Ellen Brown

Why Is the Fed Paying So Much Interest to Banks?

Combining postal banks with a network of local public banks having affordable access to the Fed’s deep pocket could provide a safe and efficient public banking option for individuals, businesses and local governments.