If I Only Had a Bank | How to Make California Prosper - California Public Bank

[Ghost9909]

Credit needs to come from real SAVINGS, not thin air. Honestly what is so hard to understand about this? If you just print money, all you're really doing is stealing purchasing power from the existing currency units. Inflation is a wealth TRANSFER to the inflator. It does not create NEW WEALTH!

[Catdude5000]

I agree with NDbeautifulbadlands in that it is North Dakota's cautious conservatism, not North Dakota having a state bank, which is the secret to North Dakota's current stability and success. A state deposit institution may help California and other states to "keep money at home" and get the full benefit of state deposits in a manner similar to how North Dakota's state bank provides this benefit for North Dakota. But, the secret to North Dakota's sauce is the state's providence — not its bank.

[00iam]

Added this to my blog 'Deep Conscious Capitalism"

[cmfluteguy]

State banking will make the federal banking system irrelevant.

It will also show how corrupt the federal corporate oligarchy is.

Screw the U.S. Constitution. It has failed miserably in practice.

[Mouservisible]

Allow collapse.

ALL private central bank debt be made null and void.

End all private central banks and usury on government issued currency universally.

Hang all Rothschild and zionist associates if they obstruct the end of this crime syndicate. They will lose every single penny or their heads - their choice.

Mouser

[0rbis2010]

Local, local, local...Credit Unions and banks. Almost everything of consequence to a local community should be locally controlled. But the damned monopolies!

[NDbeautifulbadlands]

It is astounding the lack of understanding about the Bank of ND. You make it seem as if you start a state bank and......poof. NOT SO.

As a Californian native who escaped to ND 12 years ago, I will tell you the real story of the bank. The bank was started 90 years ago. Times are totally different now. Today, the bank would not exist. It has had 100 years to work out all the kinks that you could never work out today.

ND isn't doing so well because of the bank. The bank is one small part of it.

[NDbeautifulbadlands]

@NDbeautifulbadlands Yes, the bank is able to provide special services, such as disaster loans, BUT ND is successful because we utilize all our resources. We are business friendly. We are a right to work state. The legislature only meets every 2 years, and there is not controlling special interest. Every group has a seat at the table, not just unions.

Recent article about the difference between the way ND deals with companies in the oil fields and MT. ND has less red tape in all areas.

[NDbeautifulbadlands]

@NDbeautifulbadlands ND banks did NOT participate in sub-prime loans, nor did the citizens. We are fiscally responsible from the legislature down to the citizens. We don't get into debt we cannot pay off. There is a strong work ethic that has drawn companies like Microsoft(2nd biggest campus in the country is in Fargo). Banks are extremely conservative in their lending and BND is also extremely conservative with the banks they partner.

Most of all, BND is NOT a special interest slush fund.

[NDbeautifulbadlands]

@NDbeautifulbadlands Last point and sorry this is so long. In short, ND is successful because:

We have a diversified economy and utilize ALL of our resources

We have an educated population with a strong work ethic

We have a legislature that doesn't meddle as much as other states.

We are a right to work state and have little tolerance for union control.

We have conservative bankers, which means those that can't qualify for a loan don't get a loan. No sub-prime.

[NDbeautifulbadlands]

@NDbeautifulbadlands

The BND is conservative with the banks they partner with.

Most of all, BND is NOT a slush fund for irresponsible states. You don't have special interest trying to control the bank. The bank is independent and refuses to be used as a slush fund.

ND is NOT perfect. There are many areas that we need to change, but the bank isn't why our state has such a low unemployment rate.

[brumpfschmlog]

@NDbeautifulbadlands Times are not totally different now. Most of the country is in recession (or depression from many unemployed workers standpoint. "Today the bank would not exist" and "that you could never work out all the kinds today" are baseless assertions. I would agree that ND is not doing well solely because of the BND, but I would say that the help BND lends to business, including the oil business, and agriculture, is a big, not small part, of ND's success.

[DERBENSKI]

@brumpfschmlog this bank is dead before it is started. Look at support of the California Labor Federation, the Service Employees International Union, the International Brotherhood of Teamsters, the California Nurses Association and California Firefighters.

It is all union leaches. Where is the support from the business community that the bank is supposed to help? The bank will be pilfered the day it opens its doors

[Raymon1012]

End the Federal Reserve, Pronto! Getting rid of fiat currency and usury are the first steps to economic prosperity. Also check out the video "The Secret of OZ". Its time for us to control our wealth, not these plutocratic banksters.

[UNTC321]

I don't hear ron paul suggesting state banks.

[ColoradoPublicBank]

@UNTC321 Ron Paul is a gold bug. Who controls gold. The same people that control the Fed. So, Ron Paul's proposal wouldn't change anything.

[hllnwlz]

Wait... so when we have a HORRENDOUS credit rating and no legitimate creditors will lend to us we can just... borrow money from ourselves! I don't know about you, but I don't trust anything run by the governors of California, and I certainly wouldn't put my savings there.

[ColoradoPublicBank]

@hllnwlz Great. Keep your savings in the "too big to fail" banks, which need the Fed to bail them out because they can't stay afloat. Sounds like a wise strategy.

[hllnwlz]

@ColoradoPublicBank Actually, I don't. (You know what they say about assumptions: they make an ass of you and mption.) Do you know how to read and understand a bank rating report? I do. I suggest you educate yourself.

As I actually understand the way banks and governments in this country run, I don't trust any of them as far as I can throw their fat, fascist/bureaucratic asses.

And the FED doesn't bail anybody out. The taxpayers do.

[ColoradoPublicBank]

@hllnwlz Of course the taxpayers are on the hook for what the Fed does, and the Fed is owned by the banks, so they bail themselves out with our money. Have you taken a look at the Bank of North Dakota, the only state owned bank in the country? It's been around since 1919. They have the lowest unemployment, highest state budget surplus, least bank failures, and most community banks per capita. And don't tell me it's because of the newly discovered oil. Lot's of oil states are underwater.

[hllnwlz]

@ColoradoPublicBank I APPLAUD the citizens of ND for establishing just such an instituttion. I have no beef with the citizens of any state wanting to create one; except mine. If you look at recent California legislation (from about 1970) you will see that our particular brand of politicos have neither the ethics nor the ability to set up a state bank that would be effectively managed (see PERS and STRS) if not outright robbed by the state (see CA Bonds).

[ColoradoPublicBank]

@hllnwlz CalPERS invested in Wall Street. A California Public Bank would invest in Main Street.

[hllnwlz]

@ColoradoPublicBank My original point still stands, but I'll make it plainer for anyone reading this thread. I don't trust CA POLITICIANS to appoint effective, ethical directors of a state bank, nor to regulate it. What was supposed to go to Main Street would likely be funneled to special interests, their friends, cronies, relatives, etc. They are totally corrupt and all too often, financially illiterate. If CA created a state bank, I would not take odds on it being solvent more than 3 years.

[hllnwlz]

@ColoradoPublicBank As for the Fed, it is owned by no one (its charter puts it in a quasi-governmental netherworld), but IS staffed through a revolving door from the big IBs. As is Treasury. As is the SEC. It's turtles all the way down. Everyone is complicit in this theft and, while this is a matter of opinion, I believe "We, the people" are most responsible; our apathy and ignorance permitted the collusion of banks and FedGov and we, truly, are the only ones who could've stopped it.

[vtcpdx]

I guess what the jack ass who made this video doesn't understand is that banks exploit. Banks do not create wealth, they redistribute wealth from the poor to the rich and create debt. He would rather have CA exploit it's residents through interest than through taxation which at least has some rules and accountability.

[ColoradoPublicBank]

@vtcpdx More bankster disinformation. It depends who owns the bank and what its used for. North Dakota has the only state owned bank in the US. It has the highest budget surplus, the lowest unemployment and the most private community banks per capita in the US. Private banking interests have attacked public banking through the ages. They say they can't compete; in other words, they can't stuff enough money in their pockets when banking is done in the public interest. What's your next lie?

[vtcpdx]

@ColoradoPublicBank My comment is not bankster disinfo, it is based on many years of studying in college and 5 decades of life experience. The human race is old, much older than you may realize, and has had many civilizations that have done much better without systematic usury. Think outside your box.

[ColoradoPublicBank]

@vtcpdx No one is disputing the fact that usury is the issue. All the spiritual masters have taught that this is the problem. The question is about the strategy employed to change this. We believe that starting locally, with cities, counties, and states is the way to go, because the higher up you go the greater the likelihood that the pols are owned by the banks.

[olrailbird]

Simply having a bank doesn't fix anything. It's not THAT simple.

You have to get rid of interest (usury) in all forms. Sorry. No more cheating.

Changing who is stealing from you doesn't end theft.

[SONGSBYMAX]

@olrailbird Amen to that, my friend! No usury, no gain or fruit of any kind from any moral or phisycal thing.

[ColoradoPublicBank]

@olrailbird What you're proposing requires making the Fed a public central bank. One can't start there--the Congress is in their pocket. Start small. Ending usury will take a while.

[brumpfschmlog]

@olrailbird This is not true. Now private banks create money for themselves when they make loans. They don't lend deposits, but create additional money and charge interest on it and use it for their own investments. This is the fundamental way the system is broken. It keeps the whole of society enslaved to private credit creation. The power to create money should be with the people as a whole, any profits going back to the general social benefit, possibly obviating the need for taxes. 

[kingofthepaupers]

Jct: Great video. Wonderful thinking what a state bank could do, banking on Earth as in Heaven.

[GrassPossum]

This is the perfect solution for anywhere with a population base of a few million people at least. You know the bankers are raping you, so why not turn the tables on the bastards?

[lifeformalien]

Silver shoes on the yellow brick road!

Brilliant you guys, that warmed me through.

[thebigwedding]

Take back the banks, create money that benefits people. Take back the factories, make jobs for people. Take back the local MSM, tell the truth to the people. Take back food production, feed the people. Take back health-care, make people healthy. Take back the police, protect the human rights of the people. Investigate 911, London 7/7, free the people from the manufactured fear that has enslaved them.

[brumpfschmlog]

A state bank is the over-the-rainbow answer to Ca.'s finance problems. Let's throw water on the TBTF's and watch them melt!

[Durgama13]

Sounds like a great idea! If North Dakota succeeded at it, we can too.

[xxtrap]

I'm all for a California owned bank - hundreds of them!!