U.S. States Consider Starting Their Own Banks

Originally posted by Mary Rose
The proposal has nothing to do with a new currency.

and there-in lies the downfall,
the bank would still use a currency backed by
the Federal Reserve. It is still part of the Fed
Matrix of financial control.

If it doesn't include a total exodus from
the Fed it isn't worth pursuing IMO.

Yes, the End of The Federal Reserve is a go and is actually imminent.

Originally posted by boondock-saint

Originally posted by Mary Rose
The proposal has nothing to do with a new currency.

and there-in lies the downfall,
the bank would still use a currency backed by
the Federal Reserve. It is still part of the Fed
Matrix of financial control.

If it doesn't include a total exodus from
the Fed it isn't worth pursuing IMO.

Not at all as with the Charter concluding next year and short range being put into place now with long range plans being drafted up all setting the stage for a Post Federal Reserve America.

reply to post by TheImmaculateD1


The Bank of North Dakota that Ellen Brown uses as a model has been very successful for the economy (the people) in that state - they've done it within the system we have now.

Originally posted by Mary Rose
reply to post by TheImmaculateD1

 

The Bank of North Dakota that Ellen Brown uses as a model has been very successful for the economy (the people) in that state - they've done it within the system we have now.

The North Dakota bank is serving as a national model for other states to do it as well. They are not held to answer to outside entities expect to The state Legislature and The Govenor. The Federal Govt is closely monitoring this entire deal for national implementation as early as 2014.

I've been aware of the ND bank since about 06.

Originally posted by Mary Rose
The Bank of North Dakota that Ellen Brown uses as a model . . .

Here is a video about the Bank of North Dakota:

"Bank of North Dakota"

I think it's noteworthy that ND has managed to run a budget surplus considering it's been using the failing US dollar as it's currency. This means it's been able to constrain its spending in parallel with the value of said currency AND has been able to otherwise adjust its expenditures to compensate for the value of said dollar.
Any fiscally responsible entity should likewise be doing so irrespective of whether it has its own bank or not.

reply to post by abecedarian


I like the fact that you've mentioned the topic of responsible spending.

The lack of it on the federal level is another reason why we're in the mess we're in: irresponsible, immoral, illegal wars/empire building and the out-of-control military-industrial complex.

I think that if we the people could get control of our money through public banking, we would then be able to get control over our out-of-control federal government. The federal government is out of control, I think, because it's owned by the powerful international bankers who fund campaigns.

reply to post by Dermo

State intervention in the Markets is "Actual" Socialism.. And a system of money creation that is "Owned by the People" dabbles with communism and monopolization of the financial system through communist means.

Isn't the US supposed to opposed to this?

Blunt capitalism says this is evil..

The rich should control the banking system.. Not the people.. Thats evil Socialism..

Didn't you guys get the memo? Or is "socialism" suddenly acceptable in the US?

AHH yes the typical BANKSTER double speak.

First the bankers are SOCIALISTS not CAPITALISTS!

This is the first and biggest lie told by the banksters and their ignorant dupes.

"Bankers and mega-corporations are captialists!"

Bankers HATE capitalism because it is their direct competitor!

Rothschilds & Rockefellers - Trillionaires Of The World
Learn your history before it repeats on you.


In the last century, members of the British Fabian Society dynastic banking families in the City of London financed the Communist takeover of Russia. Trotsky in his biography refers to some of the loans from these British financiers going back as far as 1907. By 1917 the major subsidies and funding for the Bolshevik Revolution were co-ordinated and arranged by Sir George Buchanan and Lord Alfred Milner. [no doubt using money from Cecil Rhodes' South African gold and diamond legacy - Ed]

The Communist system in Russia was a “British experiment” designed ultimately to become the Fabian Socialist model for the British takeover of the World through the UN and EU. The British plan to takeover the World and bring in a “New World Order” began with the teachings of John Ruskin and Cecil Rhodes at Oxford University.

Rhodes in one of his wills in 1877 left his vast fortune to Lord Nathan Rothschild as trustee to set up the Rhodes Scholarship Program at Oxford to indoctrinate promising young graduates for the purpose, and also establish a secret society [Royal Institute of International Affairs RIIA, which branched into the Round Table, the Bilderbergers, the CFR, the Trilateral, etc -- Ed] for leading business and banking leaders around the World who would work for the City to bring in their Socialist World government... centurean2.wordpress.com... ies-in-the-city-of-london/

SECOND US captialism has been DEAD for a hundred years!

Capitalism is an individual reinvesting his WEALTH (labor plus resources) in creating more WEALTH.

The bankers killed capitalism with fractional reserve banking. Counterfeit fiat money printed out of thin air will ALWAYS drive out "money" based on real wealth. This is because the fiat money can be lend at a much lower interest rate.

Actually it was not even FRACTIONAL RESERVE it was ZERO RESERVE!!!
Again from Web of Debt website by Ellen Brown.

...evidence. First National Bank of Montgomery vs. Daly (1969)

...Mr. Morgan, the bank's president, took the stand. To everyone's surprise, Morgan admitted that the bank routinely created money "out of thin air" for its loans, and that this was standard banking practice. "It sounds like fraud to me," intoned Presiding Justice Martin Mahoney amid nods from the jurors... www.webofdebt.com...

This use of this FRAUDULENT practice has allowed the bankers to confiscate whole industries!

Rockefeller Foundation....

History of pharmaceutical interests

...The Rockefeller family sponsored research and donated sums to universities and medical schools which had drug based research. They further extended this policy to foreign universities and medical schools where research was drug based through their "International Education Board". Establishments and research which were were not drug based were refused funding and soon dissolved in favor of the lucrative pharmaceutical industry.

In 1939 a "Drug Trust" alliance was formed by the Rockefeller empire and the German chemical company IG Farben (Bayer). [Can you say HITLER???] After World War Two, IG Farben was dismantled but later emerged as separate corporations within the alliance. Well known companies included General Mills, Kellogg, Nestle, Bristol-Myers Squibb, Procter and Gamble, Roche and Hoechst (Sanofi-Aventis).

The Rockefeller empire, in tandem with Chase Manhattan Bank (now JP Morgan Chase), owns over half of the pharmaceutical interests in the United States. It is the largest drug manufacturing combine in the world. Since WWII, the pharmaceutical industry has steadily netted increasing profits to become the world's second largest manufacturing industry; [3], [4] after the arms industry....

History of agribusiness interests

American Farm Bureau

The myth that American Farm Bureau (AFBF) represents the interests of farmers is longstanding, though long debunked. In his 1971 book, Dollar Harvest: The Story of the Farm Bureau, Samuel Berger argued that the AFBF was:

"quietly and systematically amassing one of the largest business networks in America, while turning its back on the deepening crisis of the farmers whom it supposedly represents."

...It was founded in the early 1900s by the New York Chamber of Commerce and funded by the Rockefellers and the Vanderbilts via the Chicago Board of Trade. [7], The Farm Bureau was designed to counter the nonpartisan, populist farm movement that was emerging at the time.

The "Green Revolution"

..... in 1958, when India experienced a foreign exchange crisis. The World Bank intervened with the “Aid India Club” and one billion dollars a year in aid.

International investors like RF and the Ford Foundation, immediately seized the opportunity. The Ford Foundation stepped in with a “food crisis” team, pushing agricultural spending at the expense of housing and social services.

Undersecretary of Commerce Franklin Delano Roosevelt, Jr., led a delegation of executives to New Delhi for the purpose of "persuading the government to adopt policies more attractive to potential investors". Rockefeller’s Jersey Standard wanted price and distribution restrictions lifted on their Bombay fertilizer plant. Petroleum producers lobbied to set up fertilizer plants to utilize naphtha, an otherwise useless petroleum by-product.

The Ford and Rockefeller foundations also wanted to expand the use of their new high yield seeds, deliberately bred for large fertilizer and pesticide inputs.... www.sourcewatch.org...

And those industries and the Bankster purse strings control whole countries. One name for it is Neo-Corporatism. It is a type of collectivism, just like Socialism, Communism, Marxism since it shares the same underlying premises:

1. Rights are derived from the state
2. The group is more important than the individual
3. Coercion is the preferred method to bring about reform
4. Laws should be applied differently to different classes
5. Providing benefits (redistributing wealth) is the proper role of government

All you have to do is look at the US government to see that is exactly the type of government we actually have.

Redistributing wealth is of course moving it from the pockets of the slaves to the pockets of their masters in the guise of "humanitarian aid" SEE: 2004 - Year of the Slave



Here is the Icing on the Cake:

The Fabian Society/London School of Economics and other connections.

Sidney Webb and his wife Beatrice are linked to Progressivism, the British Labour Party and "Linked inextricably with the emerging Fabian Society, founders of the London School of Economics in 1894"

...In 1895, Sidney Webb founded the London School of Economics, which became a branch of the University of London. Among its major contributors: the Rockefeller Foundation, the Carnegie United Kingdom Trust, and Mrs. Ernest Elmhirst, the widow of J. P. Morgan partner Willard Straight, who founded the socialist magazine New Republic.

In 1905, American Fabians established the Rand School of [Social Science] in New York City.

One of its founding members was John Dewey, the father of progressive education, whose philosophy consisted of "atheism, socialism and evolution."

John Dewey, the father of humanism, wrote in Individualism, Old and New (1929):

"We are in for some kind of socialism, call it by whatever name we please, and no matter what it will be called when it is realized....There is still enough vitality in the older individualism to offer a very serious handicap to any party or program which calls itself by the name Socialism....The older individualism is still sufficiently ingrained to obtain allegiance in confused sentiment and in vocal utterance."

It was clear to Mr. Dewey that if socialism was to come about, it would have to bear a different title... www.sodahead.com...

ALSO see ATS Beware The Fabian Society

Turn over a rock and you find a Fabian Bankster!

reply to post by TheImmaculateD1

Yes, the End of The Federal Reserve is a go and is actually imminent.

I have seen this idea floating around before.

Do you have any links to the actual part of the 1913 Federal Reserve Act that show this to be true???

I have look and never found any.

reply to post by Mary Rose

The lack of it on the federal level is another reason why we're in the mess we're in: irresponsible, immoral, illegal wars/empire building and the out-of-control military-industrial complex.

I think that if we the people could get control of our money through public banking, we would then be able to get control over our out-of-control federal government. The federal government is out of control, I think, because it's owned by the powerful international bankers who fund campaigns.

This all ties back to the Federal Reserve. It is really collusion between the politicians and the bankers to tax the heck out of the slaves without them being aware.

The US dollar of August, 1971 is as of 2009 worth just over 18 cents, according to the Inflation Calculator. Thus, in purchasing power, the dollar has lost over 80% in the past 39 years. www.lewrockwell.com...

But those in the know have kept their wages the same:

In 1976, A typical American CEO earned 36 times as much as the average worker. By 2008 average CEO pay increased to 369 times that of the average worker. Source

Just look at how much counterfeit money was lent to the US government by the FED:
As of December 1998 - 40.6% of the US deb was from the FED!

For some good graphs especially the one of the inflation adjusted National debt in the middle of the page, see:www.brillig.com...

An explanation of how the Fed "lends" money to the US government for those not already aware:
(Remember the FED is privately owned)

...Plenty of money is loaned to the government (bonds) but never enough. Congress needs more money than that. They say not to worry. They go further down the street to the Federal Reserve building. The Fed has been waiting for them, that's one of the reasons it was created. By the time they get inside the Federal Reserve building the officer of the Fed is opening his desk drawer. He knows they're going to be there and he's ready and he pulls out his checkbook and he writes a check to the US Treasury for one billion dollars or whatever the amount is that they need. He signs the check and gives it to the treasury official.

We need to stop here for a minute and ask a question. Where did they get a billion dollars to give to the treasury? who put that money into the account at the Federal Reserve System? The amazing answer is there is no money in the account at the Federal Reserve System. In fact, technically, there isn't even an account, there is only a checkbook. That's all. That billion dollars springs into being at precisely the instant the officer signs that check and that is called "monetizing the debt," that's the phrase they throw at you. That means they just wrote a check, a big rubber check....
www.bigeye.com...

Originally posted by crimvelvet
reply to post by TheImmaculateD1

 

Yes, the End of The Federal Reserve is a go and is actually imminent.

I have seen this idea floating around before.

Do you have any links to the actual part of the 1913 Federal Reserve Act that show this to be true???

I have look and never found any.

The Charter is concluding later next year and there is no indicator of it being either extended or permentized. The writing's been on the wall for the last few years and is happeneing.

Look at what's been occuring as of late, Fed press conferences, now they are ordered to reveal who got what in the bailouts means they are losing their power by the day.

reply to post by crimvelvet



Bankers hate socialism as it takes the power away from them and transfers it to the people. They love capitalism because they can use it to exploit every single weakness we have for their own financial gain.

Who do you think is behind the destruction of Unions, sovereignty, social programs like Social Security.

reply to post by TheImmaculateD1

The Charter is concluding later next year and there is no indicator of it being either extended or permentized. The writing's been on the wall for the last few years and is happeneing.

I sure hop it was a ninety-nine year charter. I hate the FED with a passion.

We can lay most of the trouble we see around the world at the feet of the international central bankers!

reply to post by TheImmaculateD1


Regardless of what happens with the Fed, if other states do what North Dakota has done, they should be able to revive the economy in their state.

Originally posted by Mary Rose
reply to post by TheImmaculateD1

 

Regardless of what happens with the Fed, if other states do what North Dakota has done, they should be able to revive the economy in their state.

That is apart of the long range plan, implement in one state then after 2014 timeframe alot of other states to start their own as well because foreign interests control our destiny and by us doing this allows us to take charge and control over our own fate and destiny.

State run/owned banks are not the answer. As long as government has control of the money whether state or federal it is the same thing we have now greed and corruption will prevail. The answer is a free market in currency. It is nobodies business what anyone uses for currency but those who are participating in the transaction period!

Originally posted by hawkiye
State run/owned banks are not the answer. As long as government has control of the money whether state or federal it is the same thing we have now greed and corruption will prevail. The answer is a free market in currency. It is nobodies business what anyone uses for currency but those who are participating in the transaction period!

No free market so that we do not end up with this same exact mess in say, 50 years. No private control over our coin period anymore is the way forward.

Govt will takeover the printing and issuance of currency so no private azzhats can take it over again.

This is the much needed nationalization of our coin.

Originally posted by Dermo
State intervention in the Markets is "Actual" Socialism.. And a system of money creation that is "Owned by the People" dabbles with communism and monopolization of the financial system through communist means.

Isn't the US supposed to opposed to this?

Blunt capitalism says this is evil..

The rich should control the banking system.. Not the people.. Thats evil Socialism..

Didn't you guys get the memo? Or is "socialism" suddenly acceptable in the US?

lol

Whoever keeps giving this person stars is an idiot and wants us to never be free from these douchebags.

When capitalism threatens democracy then capitalism is the problem and not Govt,

Originally posted by TheImmaculateD1

That is apart of the long range plan, implement in one state then after 2014 timeframe alot of other states to start their own as well . . .

Can you post a link for this plan?