The Public Banking Initative UK is an organisation established to educate and inform all and everyone who wishes to the merits and benefits of Public Banking. Not only this but also to educate and inform as to the activities and methods of Private Banking.
( See page British Banking Information )
At this time 2016 it is a reasonably accurate statement to say the majority of us are not familiar with the term "Public Banking" and what it means or stands for. Or for that matter would we necessarily fully understand the term Private Banking.
The Public Banking Initiative UK's adopted role is to bring to everyone who wishes to know exactly what it means and how Public Banking can and does work in Society to the benefit of society. Conversely to balance this, it is necessary to explain how private Banking works in society.
The distinction betrween the two put simply is that public banking works for the benefit of the community and society in general, and by doing so can be described as contributory banking as it contributes to the financial well being of society. Whereas private banking works for the benefit of its shareholders and other interests, and is described as extractive banking as it extracts financial well being from society.
Please take a little time and study the information contained in the different section pages. We would be surprisd if you did not find the information incredible. Please leave a comment on the forum and comments page.
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