Posts Tagged ‘bank of north Dakota’
IntraState State Bank and Commodity Depository Reserve
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International/Fed debt lien backed currency exchange
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State debt lien backed w/ partial commodity currency exchange
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Intra-State/Local commodity value backed currency exchange
Currently with multinational corporate fractional reserve banks within the world’s currency exchange,
- $100 can be leveraged and lend up to $1000 = 1% reserve cash backing + interest loan and lien holdings over customers
Also; Federal Reserve Bank / Big US Six / International Monetary Institutions,
- $100 can be leveraged and lend up to an infinite amount with derivatives policy and international holding transfers and monetary exchanges.
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Currently with State fractional/5% commodity reserve banking (North Dakota),
- $100 in state taxes/deposits becomes 5%-25% state commodity reserve holdings via purchases through the North Dakota Mill and Elevator Association. 95%-75% become cash reserve holdings in the North Dakota state bank.
- Offering 5%-25% insulation against non-asset reserve in international debt based fiat currency market systems
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New Proposed 90% Intrastate Commodity Reserve/100% Intrastate Corporate Banking,
- $100 in state taxes/deposits become 90% intrastate commodity reserve holdings in purchases through State Commodity Depository and Treasury, 10% becomes cash reserve holdings.
- Offering 90% insulation against non-asset federal/international debt based reserve currency market systems
- Creating a base of 100% intrastate, loans, commodities, goods and marketplace for production and exchange within the state against federal and international tax/regulation free.
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Could there be a State Bank and Commodity Treasury… is this intrastate State banking and exchange legal?
The proposed Intrastate Bank and Commodity depository is pursuant to constitutional law, under a state’s sovereign authority (see North Dakota State bank or the Chicago mercantile exchange), to control intrastate public domain based on doctrine of the equity under the law amongst the several states, indeed North Dakota sets an irrefutable precedent.
In North Dakota the historic movement called the Nonpartisan League, actually took control of the legislature and created an intrastate industrial program and exchange (acting much like the Chicago Mercantile Exchange or New York Stock Exchange; only it was based strictly on local ND intrastate commodity production, and intended instead to defend and insulate against external markets and forces such as the newly created Federal Reserve Bank or fractional reserve debt based banking).
The 1919, a state based legislative program created both; the Bank of North Dakota as a financing arm and the state-owned Mill and Elevator Association to buy and reserve the grain from the local state farmers against federal controlled interest increases.
Let us not look just at the 100 years of profit, stability and success in North Dakota’s State Bank and Commodity Reserve against the federal reserve and international corporation systems but also to their current processes and insulation from abuse or corruption from debt based inflation of multinational currency exchanges.
Current International/Central Banking
Federal taxes
Currently all businesses have IRS withholding bank accounts for their employees taxes, which must be separately kept according to federal law. The private international banks (BofA, Chase, Wells Fargo, US, CITI group, BIS, IMF, Worls Bank, etc; get to use fractional reserve banking to make loans against these ‘hard tax deposit’ accounts in extrastate and extranational accounts and loan for every $100 deposited up to ten times those amounts).
State taxes
Currently local State taxes are collected by the state, deposited and leveraged the same way.
Also sctizens can deposit their Federal Reserve Notes in private international banks, local credit unions or hold it in their homes. The banks get to use fractional reserve banking; the credit unions do not and certainly hard cash or buying gold and storing it at home offers no fractional banking benefits (it only protects you against bank runs/holidays and inflation).
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Fractional Reserve vs Commodity Reserve
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A New State Commodity Backed Bank
Would allow for federal taxes;
The of businesses with IRS withholdings to open accounts in the State Bank and for those federal tax deposits a 10% State tax credit/deduction could be earned and…
State Banks would take 90% of deposits and purchase state gold, silver or standardized state commodity from the State Commodity Depository and deposit the commodity stock or good in a State Treasury Public Trust Account.
A 90% interest free loan is drawn against the remaining 10% cash holding in the account, it is drawn against as the ‘state IRS holding account’, to create the 100% to be sent to the IRS.
The Commodity reserve left on deposit in the State Bank is sold at the end of the year and the yield will close the annual ‘state IRS holding account’. (The remaining balance from dividends of commodity sales will be used for commodity depository treasury security, storage, investment and exchange, as well as state and local operational funds)
State taxes
State taxes are collected deposited in the State Bank. The Accounts again use 90% of the deposits to purchase state gold, silver or standardized state commodity stocks or goods through the state commodity depository.
The state bank loans could draw 90% against the 10% cash deposit holdings for state operational services as well as offering very low interest, tax free intrastate loans for business, research and development within state commodity basket.
These tax holding accounts would serve (like the North Dakota State Bank) to increase the uses and value of the state commodities as well as increase the number of tax free intrastate products and goods available in the local market.
Citizen’s Private State Bank and State Commodity Treasury Accounts
Citizens of the state would be able to create standard accounts for checking, savings, loan, etc. Their deposits again would purchase 90% state gold, silver or standardized state commodity stocks or goods through the state commodity depository with 10% cash reserves for account activities.
A state tax credit/deduction could again be offered for deposits.
Private loans would be eased and enhanced by the personal commodity deposits and 90% commodity holdings. Loans could be made to the individual for uses in intrastate homes, education, medical, business, etc. at little or no interest.
Private intrastate businesses will be eligible for very low interest loans especially for activities of refinement, production and research within standardized state commodities.
What is intrastate, who can participate in the State Bank and Commodity Depository?
Loans to entities other than the counties, cities and incorporated areas within the state, must meet all legal jurisprudence for the determining factors of locus within the state of xxx;
These factors being;
- the state of incorporation
- the principal seat of business
- state of the shareholders
- the state of overall investment
- the state of the management
- the state of persons controlling the business of corporation
Private intrastate banks and credit unions would also be eligible to utilize Intrastate Commodity Accounts for their clients. Counties could even open their own County Banks and County Depositories under the same guidelines and legal structure.
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The State Commodity Depository and Treasury
The State Commodity Depository and Treasury will primarily be responsible for purchasing, storing, securing and selling the Intrastate Commodities Available through the Intrastate Commodity Account in accordance with state and constitutional law.
Also support the development and research into intrastate commodities in order to increase their use, industry, demand and value (utilizing current state government, military, university and private research institutions).
The State Commodity Depository Board will operate in full public openness to access and standardize the quality, measurements, storage and security of the traded state commodities.
The State Commodity Depository will continually seek to expand the commodities within the state that can be standardized and stored.
Because all deposits are based singularly on intrastate commodities there is no tax or federal regulation on gains or exchanges within most state commodity depository commerce.
In order to quickly raise state funds; under orders of the legislature, with the consent of the people and with the assistance of the State Bank and Commodity boards, The State Commodity Depository can sell to organizations outside of state and enter into federal fees and regulations, such exchanges provisions could be made for these sales and transactions.
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State Commodity Depository intra-inter state sales
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State Commodity Dividend
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What if Utah made gold and silver legal tender and removed taxation of their exchange?
What if Utah removed federal authority from intrastate firearms (made, sold and kept in Utah) do not fall under federal interstate commerce authority.
What if Utah declared all intrastate agricultural products subject only to local state regulations and not subject to the federal interstate commerce authority of the FDA, AMA, etc. and People in Utah could buy, sell and drink raw milk without fear.
What if Utah declared the provisions of the NDAA, where citizen’s fundamental natural rights are violated, to be unconstitutional, void and illegal in the State of Utah?
What if there was an option for true and complete intrastate commerce, that could act as a peaceful, legal; interposition, nullification and insulation from national or global frauds and financial influences.
What if Utah created a State Treasury Bank and removed the dangers of economic collapse, currency inflation and state operational reliance on federal tax dollars as well as developed the wealth, investment, return and benefit of the public domain to the people of Utah?
-sovereignthink
- my related articles -
read-my-lips-the-federal-reserve-will-not-monetize-the-debt
utah-silver-and-gold-staged-to-kill-the-bank-utah-vs-fed
state-interposition-act-state-nullification-act
end-the-fed-demand-state-owned-banks
With the Dollar Dead What’s After the Fed? We Go Global or We Go Local
With the Dollar Dead What’s After the Fed? We Go Global or Go Local – Special Drawing Rights (SDR) or State Bank Initiative (SBI)
It will either be accepting the Fraudulant Quadrillions in Global Banker Debt and Going Under IMF/UN Regulation, Austerity, SDR mandates and Global Carbon Taxes
or
It will be everyone accepting the Debt free, interest free federal greenback with a low fixed rate (interest and printing rates) as well as New State Owned Commodity Banks and State Commodity Depositories
The State Banks Commodities and State Commodity Depository Act
Dollar Dead as World Reserve Currency, USA is Bankrupt and Greenspan Admits It Was All a Scam & Fraud, We are asked to make a choice…
Alan Greenspan ”Things were being done which were certainly illegal and clearly criminal in certain cases. In which, I mean Fraud, Fraud is a Fact, Fraud Creates very considerable instability in competitive markets.”
November 5-6, 2010, Jekyll Island Club Hotel, Jekyll Island, King Georgia
…Go Global and Submit to a New SDR Currency Under a Foreign-Global Federal Reserve Style Bank with even less oversight, redress and Bigger Rulership From Even Further Afar.
Or Do We Go Local Get Our Houses in Order and Hold the Criminals Accountable?
We must Go Local and Re-Public America – End the Fed – Demand the State Bank Initiative
Tax dollars, collected within each State, would be deposited into each Individual State’s Bank.
That account could offer a 100% deposit backed accounts that could be drawn against for the operation of the State and Payment of Federal Taxes Due.
In Each State Commodity Depositories could be created, whereby the common commodity(ies) of the state could be purchased and deposited into an account at the state bank for a 1-4 year deposit 5%, 5-8 year deposit 10% state tax credit deduction in addition to any gains that the State Commodity makes. (3%-5% Standard Savings Account)
During this time the Bank would have 100% Commodity Back Accounts to Build Permanent Infrastructure (first; local commodity exchange, refining, processing, production, etc) with Local Corporate Charters to Reclaim and Rebuild the Local Value in the Community Trust and Public Domain.
This would inspire Thrift, Savings and Investment in the State and Pride in the State Commodity’s Craft, Research, Innovation, Production and Value. (it is what we do here, it is our savings and our future)
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It would allow the States to retain the investment and inspire production by protecting and retaining the wealth of the Public Domain under the State Bank to the Benefit of the Private Domain and Individuals of the State, where and by whom it was Created, Originates and Where it Rightfully Belongs.
For Federal Tax Accounts the State would have a New Powerful Shield and Authority to Enact Interpositionary Powers Via the Local Legislature, by Public Vote, Amendment, etc. to Retain Federal Funds within the State, for UnFunded Mandates or if the State Wished to Opt-Out of Poorly Run Federal Programs and Manage them within the State, TSA Security for a State run ‘tsa’ option, or State-Local Run Education, Water, Agriculture, Medicine, Roads, Power, Wildlife, etc.).
This would take the Rulership over the Valuing of our Lives from Afar and make it Local. It would make it ours, we could visit Our Bank, We can Investigate and Verify local action, we could have a Redress of Grievances and we could have control Over the Management, the Profits, the Enduring Gains. We could Secure the Actual Value of Our efforts and keep that value safe, for our Children’s Children, Close to Home in Our Homes of Every State where We work so had to Pursue and Build Enduring Happiness.
Every State is Over Run
This is a Peaceful, Needed, Action
In Taking Our States Back from the
Mind-Googlingly Corrupt and Fraudulent Scam of the
Planned Economy, One Party Federalists System and
Interstate/Global Corporate Interests
Remove The Private Bank that gets the Interest and Lien of Value on Everything that is Traded in Its Debt Notes, The Federal Reserve US Dollar.
Demand a State Bank in Your State Now and Until You Have One.
-sovereignthink
Web of Debt by Ellen Hodgson Brown
Read My Lips – The Federal Reserve will not monetize the debt!
The Bankers or US – It’s Openly Admitted, It’s Fraud, It’s a Scam and It Can Never Be Repaid
The New Civil War – Who Gets the Power to Measure Everything
Remove the Lien on the UnaLienable Human Lives Under this Fraudulent Controlled Economy Machine
Power of Ideas – Ron Paul to Lead Central Bank Panel – Nationalizes the Fed and Then What
Power of Ideas – Ron Paul to Lead Central Bank Panel – Nationalize the Fed and Then What
End the Fed – The Power of Ideas – Ron Paul to Lead Central Bank Panel
Okay Mr. Paul, The Power of Ideas Nationalize the Fed and Then What?
- Nationalize the Federal Reserve Bank
- Bring the Debt Free GreenBack Back and Then…
We Either Go Global (IMF, SDR) or Go Local…
We must Go Local. We must Go Michigan, Go Kentucky, Go Missouri, Go Oregon, Go Illinois, etc,
Support Local.
Demand Local.
Re-Public Locally.
Support Your Own Local Authority.
Demand State Owned Banks and State Commodity Depositories
Ron Paul, New Head of Congressional Federal Bank Oversight Committee
“It’s Not Like I’m a Power Person.
My Ideas are powerful but I’m not a powerful person.
There’s a committee chairman and there’s a speaker of the house. I’m realistic and I know what that means but I also know the strength of Ideas and the Power of Ideas and that’s what will prevail.
So it wasn’t my Political Power that prevailed last year to get 320 co-sponsors of auditing the Fed. It was the power of the Ideas.
And That’s what they ought to worrying about, Because we are going to be talking about Ideas and the Fallacy of the Fed and Paper Money.”
-sovereignthink
