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To: Fingolfin
Do you believe there is any linkage between the state-owned Bank of North Dakota and North Dakota’s excellent financial position?

No. If every state had sober, conservative politicians, a state owned bank could work. And by work I mean it wouldn't allow states to "leverage" their tax revenue to spend multiples of that revenue "because everyone knows that banks create fee money".

Are you afraid that an increasing number of Americans are waking up to the debt money

As opposed to what kind of money?

and private central bank scam?

What's a private central bank scam?

You mean the Fed giving over $47 billion to the Treasury in January, up from nearly $32 billion last January?

126 posted on 08/10/2010 6:33:22 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
"because everyone knows that banks create *free* money"
127 posted on 08/10/2010 6:41:36 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
No. If every state had sober, conservative politicians, a state owned bank could work.

Well, lets let the states experiment: the reckless will fail and the wise will succeed, then we'll all emulate the successful. That is after all the intended nature of our Republic.

As opposed to what kind of money?

Permanently circulating, government-issued fiat is one method.

What's a private central bank scam?

When bankers usurp a Constitutional government's ability to create money and instead force the government to borrow it from them. Whether the owners directly make money off the central bank is not the issue, because the issue is power. $47 billion is a small price to pay for control of a nation. Its like the Bible says: "the borrower is slave to the lender".

A similar situation is the phenomena of billionaires (Soros, etc.) we see promoting Socialism... its seems paradoxical until you realize the goal is power.
131 posted on 08/10/2010 6:59:47 PM PDT by Fingolfin
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