Please read the following Ellen Brown article at the following link:
CAMPAIGNING FOR STATE-OWNED BANKS
My comment regarding this piece is that while I fully support State Chartered Banks and they are a part designed into Freedom's Vision, by themselves they will not solve the fiscal and debt problems faced by the states in the short and medium term. This is because a State Chartered bank creates credit... entities that are saturated with debt do not need more credit as their income cannot support the credit they already have. This is why Freedom's Vision works to clean the state's balance sheets up first.
In the long term, low and no interest loans can be made turning the interest equation around to work for the people instead of against them.