ALL BANKS SHOULD BE LIKE THE Bank of North Dakota

[cess2dar]

SO WHAT IT WORKS

[leons1mom]

Don't get distracted by negative, or off subject comments. This is doable if we all share the idea and work on it.

[nsakic]

California is trying to do that now, good thing they are learning!

[hiphopsocnroc]

FCUK THE SYSTEM !

Be your own Reserve Bank, period

[1ozzone]

Why can't each state have a bank like Bank of North Dakota? Wow! A  bank that is created to serve the people of the state. Each state bank could address the particular issues of the state regarding jobs, infrastructure, education, healthcare, etc.

Why don't we try to do what North Dakota did? It would be greeted with resistance, as North Dakota encountered, but it is worth trying

[encomiastic]

@1ozzone

'the people'

[wiggledytoes]

How have they managed to do this in America, of all places. Be interesting to see when and how this bank gets braught down by the media, neo cons, or corporates.

[MrMindover]

Politicians are corrupt its not that people are weak, they are scared to do any thing. Cops might beat the crap out of you.

[ArgentPure]

It is amazing how much the people can prosper when the banksters don't have their stealing hands in the public purse! Every state in the USA should immediately do what ND is doing!

[Riksed]

Good job. Too bad politicians are too corrupt for this to work on other areas.

[bweazel]

@Riksed Politicians are too corrupt? Or the people are too weak?

[NCIcaucus]

So this seems to me that it is similar to a Credit Union because it takes away the profit motive right?

[macpduff]

D-mn You Tube Playlists!

Just had my 1/2 finished comment disappear because the Playlist auto went to the next video. Grr.

What I was trying to write is that all States need to set up State banks AND start issuing their own money. Do an end run around the non American Federal Reserve.

[tstruss912]

State run bank, YES!!! The people who run the Federal Reserve will fight us tooth and nail on this issue..but we all deserve a state run bank. California, where I live, desperately needs one.

[NCIcaucus]

@tstruss912 How can we sell this to libertarians and conservatives given the word "state" is in it?

[tstruss912]

@NCIcaucus Well, it's tough due to all the anti-gov propaganda put out by corporations. However, I think that we can take advantage of this crisis- which was OBVIOUSLY caused by unregulated capitalism- by appealing to people's rational sides. I'm sure people are getting tired of being in an emotional, scared state all the time and they just need some rational conversion to snap them out of it. There's my two cents; don't spend it all in one place lol.

[NCIcaucus]

@tstruss912

you were being sarcastic about it being "unregulated capitalism" right?

[tstruss912]

@NCIcaucus No, not at all. Lack of regulation is what caused this disaster. Business Week has had some good articles on the topic, here's one: thefreelibrary. com/Wall+Street+vs.+America-a0­1612071365

[NCIcaucus]

@tstruss912 So how can you be against the fed if you just want it regulated? Do you not understand that's like having the sheep guarding the hen house? Kind of like with the oil spill (people were paid off, etc.)?

[tstruss912]

@NCIcaucus I never meant to imply that regulation was the answer-fuck that. We should do what they are doing in Argentina: take over the corporations and run them with workers councils, not management and CEO's. There's a good documentary called "The Take" if you're interested. My favorite line of the movie: (paraphrase) "I don't know what the old accountants found so hard about their job; you just add, subtract, and see if there is enough money to do what you want." LOL, that lady nailed it.

[NCIcaucus]

@tstruss912 Okay, you a member of a 912 group?

[tstruss912]

@NCIcaucus LOL...ah crap. I never thought about my screen-name being perceived in that fashion. That's actually my birthday. I don't really have anything against the Beck cult, but I feel that (((GB))) has helped to pervert the Tea Party movement, so fuck him for that. That movement had the right idea (challenge power) and I still support their motivations, but the strategy (voting), not so much, if at all.

[amazingyou1uber]

@tstruss912 But she's foolish to say "it doesn't matter if it's socialism or capitalism". Does she not know the origins of state-runned institutions in North Dakota? It was A.C Towney (Nonpartisan League socialist) who helped start the North Dakota Mill and Thorstein Veblen (progressive) who argued for state-ownership. Norwegians are always tightly knitted together like a large collective/community. Most North Dakotans are of Nordic descent.

[tstruss912]

@amazingyou1uber Huh, ya, it could have to do with their customs etc. I didn't know the community was so homogeneous. We should take their model and try it out in some other states. I WISH we had one in Cali....

[MrCheckitout123]

@tstruss912 regulation is only effective if enforced; when the oversight panels find that thier friends, collegues are the fox in the hen house it all brakes down....regulation is useless, look at the amount of the bankers that caused the crisis still active in finance. watch THE WARNING on you tube

[tstruss912]

@MrCheckitout123 True, without an organized, informed public who's dedicated to fighting tyranny for life there's no point even trying to oppose the oligarchs.

[jeepndesert]

@NCIcaucus "legal" tender is a creature of the state. to mix it with the free market would be a corruption of the free market. printing money and loaning it at interest should be a state or non-profit institution. it would be an institution of usury (and fraud) if it was private.

[Boydd21]

Informative! Thanks for the video!

[dryflyguyok]

That was an amazing example of something coming from LOVE...The HEART...as opposed to fear based crap.Thank you for posting.Peace and Love Y'all

[NDbeautifulbadlands]

I feel like I have to run around to all of these videos and correct the glaring mistake that is ALWAYS made.

The bank of ND works because EVERYONE in the state from the legislature down to the average Joe is VERY conservative with their finances. Most of all, the bank is not under the thumb of the legislature.

CA, MI, NJ, etc would all use the bank as a slush fund. If your state is financially irresponsible, this would make it worse, not better.

[MrSarahJoanna]

@NDbeautifulbadlands I am really responsive to criticism on this whole thing because I am trying to understand why were not DOING this if it is so reasonable.

So, what if you corrected the monetary system in a way that would make anking "conservative", e.g. by law? You could take the power to act financially irresponsible from the legislature, couldn't you? Create laws that keep them at arms length, but still make the distribution of money a matter of the people.

[NDbeautifulbadlands]

@MrSarahJoanna , in theory you are absolutely right, however, reality shows the legislatures are not responsible at all, thus they would not be in the dire financial straits they are already in because the legislatures, and CA is a prime example(I am originally from CA btw)of this wouldn't do these kinds of things. They send out I.O.U.'s to people, yet they still refuse to say "hey, we need to stop spending" and continue to spend and spend and spend. Another post because this is long ;)

[NDbeautifulbadlands]

@NDbeautifulbadlands. CA could pass a law putting a Bank of CA out of the greedy hands of the legislature, but they pass the laws. I just see no way that they wouldn't find a way to get control of this bank, and make things exponentially worse. Most states have special interest groups they are beholding to. The UAW buys politicians in MI(my husband is from MI originally), so you will have politicians beholding to that group. That group WILL pressure those legislators to use that bank .

[NDbeautifulbadlands]

@NDbeautifulbadlands. The differences here are many and unique to ND. First, the bank was started so many years ago, it has had a chance to fully integrate into ND society, and work WITH banks, not against them, nor lording over them. The banks are conservative, so no sub- prime loans, etc.`The culture of ND is very unique. Norwegian settler attitude still remains. Very frugal. Very not spending above your means. Very cautious in how money is spent and very adamant about having money set aside.

[NDbeautifulbadlands]

@NDbeautifulbadlands Our legislators are only part time, and the legislature only meets bi-annually. It keeps them extremely accountable and limits damage they could do on a daily basis ;). We have less than a million people in the entire state. That means you know your legislator on an extremely close basis. I run into mine in the feed store, Wal-mart, the grocery store, etc. If I am irritated with him, I can tell him and ask right then what they plan to do about it ;)

[NDbeautifulbadlands]

@NDbeautifulbadlands Last post, I PROMISE! Lastly, we do not have any special interest groups that can "work" the legislature. With so few people, EVERY citizen is a special interest and can't be ignored. It keeps the legislature honest and not biased to one group or interest. If you haven't been up here, I invite you to come! NODAKERS are incredibly friendly and you could see what I see. Have a good day!

[NDbeautifulbadlands]

@NDbeautifulbadlands Ack! I lied. Yikes lol. I wanted to be clear that ND isn't perfect. We get much more back than we pay in to the fed govt We have an elderly population so alot of Medicare $ and we are stuck taking farm welfare to compete with corporate farms who get it. We would prefer having it all come under our control vs fed because we manage money much better ;). We do have strict laws about banking and anti-corporate farmers and it can come back to bite trying to compete DONE :)

[NDbeautifulbadlands]

@NDbeautifulbadlands That would be I lied about it being my last post, not that I lied about my posts..lol

Sorry for flooding you with all these replies :(

[MrSarahJoanna]

Sorry; I saw that you posted this months ago, I just read the comment now.

:)

[NDbeautifulbadlands]

@MrSarahJoanna No problem. Thank you SO much for taking the time to reply. I hope you forgive my novel, but it is hard to get my thoughts across with so few characters. It seems like a ton of characters but they go fast ;)

Again, thank you!