Sovereignthink

Upholding Individual, State then National Sovereignty against the Enforcement of Global Governence and Tyranny

IntraState State Bank and Commodity Depository Reserve

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International/Fed debt lien backed currency exchange

vs

State debt lien backed w/ partial commodity currency exchange 

vs

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.

vs

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

VS

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.

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).

Fractional Reserve vs Commodity Reserve

Fractional Reserve vs Commodity Reserve

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;

  1. the state of incorporation
  2. the principal seat of business
  3. state of the shareholders
  4. the state of overall investment
  5. the state of the management
  6. 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.

State Bank and Intrastate Commodity Depositorty Flow Chart

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.

State Commodity Depository intra-inter state sales

State Commodity Depository intra-inter state sales

State Commodity Dividend

State Commodity Dividend

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 –

jekyll-island-II

read-my-lips-the-federal-reserve-will-not-monetize-the-debt

idaho-silver-state-bank-act

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


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