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What about going to our Reps. and pushing through State run banks?

Maybe someone much smarter then I could write up a letter that we could send to our reps. about getting state owned banks like the state of N.D. has. It is still a bank but could it possibly make it so that the fed. res. is not in the pockets of each and every state. Maybe one way to take down the fed.. This is for discussion and may be a bad idea. If nothing else at least the states would not be paying interest on all the money they waste.



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Replacing one corrupt bank

Replacing one corrupt bank with 50 corrupt banks.

Swell idea.

Does ND have a corrupt state bank?

I doubt it. It has been around about 80 years.

Michigan had Biddle run banks in 1830s

See section on Banks and banking.
http://www.archive.org/details/historyofsaginaw00mill

State run banks that treated fractional reserve banking as the fraud that it is would promote an economy of oak and brick.

Fractional reserve banking creates economies of straw.

Free includes debt-free!

Sounds good to me

thanks for sharing your thoughts on this. bump for discussion.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

BIG BUMP!

It is very difficult to change anything in Washington or Wall Street but a "run-around" is sure possible.

Publically owned state banks offer us an alternative to break free from the international bank cartel. And we know they work (N.D.).

There are a number of resources at Ellen Brown's website regarding letters and presentations.

http://publicbanking.wordpress.com/

http://www.webofdebt.com/articles/growing_movement.php

Larry

END the FED before it ENDS US

Well, despite the comments below

it seems like it has worked well for ND for a long time. Also ND has the lowest unemployment rate and $1.5B in reserve. They are doing something right. So I think that it would be very wise for states to examine the ND model and, in fact, I read that 13 or so states are doing so. Yes, still have to use FRNs, but it would help strangle the 6 or 7 banks that control 80% of our economy.

Whats the population in ND?

How many miles of paved roads do they maintain?
Do they have oil?
Do they have coal?
Is the climate nice? I mean would socal people like in January?
How many farm subsidies do they get?

Have you ever lived there?

What is the point of your question?

Anyway, we can have bitterly cold weather in the winter and very warm and humid weather in the summer. (It can get down to -25 or so in January; 100 in July.)

We have plenty of oil. In fact, some western towns are going through a boom cycle right now because of the oil.

We have plenty of paved roads (+some gravel and prairie trails still). Paved roads will get you to any town in the state.

Population: about 650,000 (as of July, 2009) The largest city is Fargo, with a population of about 95,000 (as of July, 2009)

Anything else?

Primary mode of transportation: horse-driven carriage.

About 25% of the population is blessed with running water and electricity.

We often have shoot-outs in the bar on main street, and we have to be vigilant at night in case the Indians decide to attack.

-TKRooster

P.S. There is only one computer in the state. I am on it.

What does any of that matter?

Lowest unemployment rate and budget surplus of $1.5B does matter. BTW, I have driven across ND several times and the people that I met were actually happy! It would be nice to hear some input from ND DPers.

Government owned and operated business.

What definition does that fit? Perhaps socialism or communism. It certainly is not freedom.

And what is so good about creating money out of thin air and loaning it into existence. That is fraud so what is the difference between a private bank screwing you and a state owned bank screwing you.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

You do realize that letters absolutely DO NOT get read, right?

You'd have more success opening a bank and giving it to your state. Besides, if they still use FRNs it won't matter much at all.