If I Only Had a Bank | How to Make California Prosper - California Public Bank
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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!
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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.
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Added this to my blog 'Deep Conscious Capitalism"
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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.
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Local, local, local...Credit Unions and banks. Almost everything of consequence to a local community should be locally controlled. But the damned monopolies!
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@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
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@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.
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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.
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@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.
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
Mouservisible 7 months ago 4
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.
thebigwedding 7 months ago 4