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LAST BEST HOPE FOR BUILDING BACK AMERICA

 
Ralph--a house dog

User ID: 25802009
United States
12/26/2012 11:12 AM

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LAST BEST HOPE FOR BUILDING BACK AMERICA
(Relocating this post from another thread)


"The solution is that we need national, state and city banks. Every level of government needs to be able to create and destroy money via fractional reserve lending in order to negate the private bank's power to hijack the economy.

Until that happens you and everyone else will continue to be a puppet of the banks."

Quoting: Anonymous Coward 30634981


This is the number 1 possible solution to our economic problems, since getting back all the jobs that have been sent out of the country or otherwise destroyed is not going to happen anytime soon, if ever.

North Dakota has had a state owned bank for over 90 years and it has shielded residents of the state from much of the economic turmoil suffered by the rest of the country.


This is from its web site:
[link to banknd.nd.gov]

In contrast to most commercial banks, Bank of North Dakota (BND) is not a member of the Federal Deposit Insurance Corporation (FDIC). North Dakota Century Code 6-09-10 provides that all BND deposits are guaranteed by the full faith and credit of the State of North Dakota.

The deposit base of BND is unique. Its primary deposit base is the State of North Dakota. All state funds and funds of state institutions are deposited with Bank of North Dakota, as required by law. Other deposits are accepted from any source, private citizens to the U.S. government.
Policy and Governance

The state Industrial Commission oversees Bank of North Dakota, as mandated by the 1919 state legislature. Members of the Industrial Commission are the Governor, who acts as chairman, the Attorney General and the Commissioner of Agriculture of the State of North Dakota.

The Bank also has a seven-member Advisory Board appointed by the Governor. The members are knowledgeable in banking and finance. The Advisory Board reviews the Bank's operations and makes recommendations to the Industrial Commission relating to the Bank's management, services, policies and procedures.

More on Bank of N. Dakota-

www.bloomberg.com/…to-treasury-spurs-imitators.html
[link to go.microsoft.com]
[link to www.ilsr.org]

Several other states are considering such a financial institution but none have created one as yet.

If you really want to save our asses, start pounding on your state lawmakers and governor's office to pass legislation for a state owned bank.

Last Edited by Ralph--a house dog on 12/26/2012 11:21 AM
"Who decides?"
---Robert A. Heinlein

[link to www.westcoasttruth.com]

"Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"
----Dylan Thomas
Anonymous Coward
User ID: 28870983
United States
12/26/2012 11:21 AM
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Re: LAST BEST HOPE FOR BUILDING BACK AMERICA
It's over dude. Any time a president increases the national debt by over a trillion dollars a year, his job is to destroy everything....
Ralph--a house dog (OP)

User ID: 25802009
United States
12/26/2012 11:24 AM

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Re: LAST BEST HOPE FOR BUILDING BACK AMERICA
It's over dude. Any time a president increases the national debt by over a trillion dollars a year, his job is to destroy everything....
 Quoting: Anonymous Coward 28870983



It may be over for the federal government, but if individual states are to survive in the aftermath as sovereign entities or as a reorganized constitutional republic (as many will want to do)they need their own bank NOW.

Last Edited by Ralph--a house dog on 12/26/2012 11:26 AM
"Who decides?"
---Robert A. Heinlein

[link to www.westcoasttruth.com]

"Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"
----Dylan Thomas
Ralph--a house dog (OP)

User ID: 25802009
United States
12/26/2012 11:51 AM

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Re: LAST BEST HOPE FOR BUILDING BACK AMERICA
fixed links--
"Who decides?"
---Robert A. Heinlein

[link to www.westcoasttruth.com]

"Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"
----Dylan Thomas
WAKEUPAMERICA01

User ID: 30836015
United States
12/26/2012 11:57 AM

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Re: LAST BEST HOPE FOR BUILDING BACK AMERICA
militia

5* and a BUMP

WAKE UP AMERICA
WAKE UP AMERICA
"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."
Thomas Paine, The American Crisis, No. 1, December 19, 1776
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."

Thomas Paine, The American Crisis, No. 4, September 11, 1777
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [79 years now in 2012] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."

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