1 vote

The U.S. Postal Savings System - an alternate bank or another arm of the FED?

I don't know what Ron Paul would think of this or even if it is a good idea. This came in my email and I am passing it along to see what you think.

The U.S. Postal Savings System: by Ellen Brown president of the Public Banking Institute

On July 27, 2012, the National Association of Letter Carriers adopted a resolution at their National Convention in Minneapolis to investigate establishing a postal banking system. The resolution noted that expanding postal services and developing new sources of revenue are important to the effort to save the public Post Office and preserve living-wage jobs; that many countries have a successful history of postal banking, including Germany, France, Italy, Japan, and the United States itself; and that postal banks could serve the 9 million people who don’t have bank accounts and the 21 million who use usurious check cashers, giving low-income people access to a safe banking system. “A USPS bank would offer a ‘public option’ for banking,” concluded the resolution, “providing basic checking and savings – and no complex financial wheeling and dealing.”

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Ron Paul's first speechwriter, Gary North, re: Ellen Brown

Ellen Brown's Web of Debt Is an Anti-Gold Currency, Pro-Fiat Money, Greenback, Keynesian Tract. Here, I Take It Apart, Error by Error.
Gary North

Ellen Brown has thrown in the towel. She is no longer willing to argue with me. I finished my critique of her on November 17, 2010. On November 20, she publicly switched sides. She came out in favor of Bernanke, the Federal Reserve System, and quantitative easing.

Hard to believe? Read it here: http://www.garynorth.com/public/7286.cfm

I spent almost 200 hours over a two-month period refuting this left-wing lawyer, line by line. I said repeatedly that she is intellectually unreliable. She has just proved my case. She has joined the Federal Reserve's cheeleaders.


This is good for all of us to know.

Thanks for the information.

USPS banking?

That means it is goverment banking.
No thank you!

" In Thee O Lord do I put my trust " ~ Psalm 31:1~


I hesitated because of that also.