Tag Archives: United States Constitution

May the Fourth be with You (and with thy Spirit)…. May 3rd was Day of the Holy Cross (in the Old BCP anyhow); Warnings from History about the Coming Dark Age: May 3 is also Polish Constitution of 1791 Day, and the 60th Anniversary of the Youngstown Sheet & Tube Company Petition for Certiorari

Yes, May the Fourth is international Star Wars Day (“May the Fourth be with You”—but watch out for the “Revenge of the Fifth”), and yesterday, all over Western Christendom, is or at least used to be called “the Day of the Holy Cross” (this construction of the Calendar is sometimes said to be a “Gallican” custom, involving the mixture of Celtic rites of Beltane [May Day] with Christianity, in the time of Saint Gregory of Tours and other such French sources predating the time of Charlamagne*, but even as a 20th century Anglican/Episcopalian, I grew up thinking that Constantine’s Mother the Empress Helen**  went to Jerusalem and found the “true Cross” fragments on May 3, and when I started traveling to and living in Mexico I found that the Mexicans [in "Veracruz" and elsewhere] still celebrate the 3rd, notwithstanding anything Pope John XXIII did the year I was born [1960], and the Maya of Yucatán—see my birthday greetings for Pedro Un Cen on May 1—still celebrate May 3 as the day that the Chaacs (the Ancient Maya Raingods) return to the land from the East to start the beginning of the rainy season, but Last things first:

POLISH CONSTITUTION OF 1791 Day: A Warning for our Time

Most Americans have heard of American Revolutionary War hero General  Andrzej Tadeusz Bonawentura Kościuszko (at least by the shorter version of his name: Tadeusz Kosciuszko).  He came to the United States to assist in the War of Independence for no reason other than he thought it was the right thing to do.  He was a volunteer Patriot in Founding a country 1/3 of the way around the world from his homeland.  

I have the feeling that Kosciuszko lived to feel even more defeated than John W. Davis….(see my adjoining post on the 60th Anniversary of the Youngstown Sheet & Tube Petition for Writ of Certiorari) possibly more like Jefferson Davis must have felt…..  

Kosciuszko lived long enough after the American Revolution to see first the French Revolution, then the final partition of his own homeland by three of the major powers OPPOSED to the French Revolution, the restoration of the core of his homeland (briefly) between 1807 and 1815, and then the final re-annexation of Poland by Russia after the Congress of Vienna in 1815—a situation which would endure for another 104 years….

After helping launch the American nation, with a career comparable and in some ways parallel to the actions of the Marquis de Lafayette in France, Kosciuszko went back to his native Poland where he tried to rebuild and save his own nation, and modernize its constitution in light of what he had learned and seen in America. I have previously, on this blog, mentioned the wonderful Polish Professor Wiktor Osiatynski under whom I was privileged to study at the University of Chicago 1990-1991 and my fascination with the Polish nation and constitutional history has never ceased since then.  Poland is a Phoenix-like nation having been consumed by fire into ashes and portioned by its neighbors Germany and Russia at least twice (and Austria once).  The metaphoric image of the mythical Phoenix arising from its flames parallels takes on added and appropriate meaning given Poland’s association with the City and University of Chicago, not least since Chicago is the largest Polish-speaking urban area anywhere outside of Poland and the City itself has at least once or twice in history arisen from the flames (after the Great Fire of 1871, but arguably again after the riots of 1968 also…).  

On May 3, Poland celebrated the 221st anniversary of the Constitution of 1791, the last Constitution before the two final (18th century) partitions of Poland 1793-1795.   The Twentieth Century Partition of Poland, between Nazi Germany and Stalinist Russia was in a thousand ways much worse, more brutal, more destructive, but also much shorter in duration.  The 18th Century Partitions of Poland were reversed by the Emperor Napoleon I Bonaparte in 1807 as he vainly tried to restrict and limit the power of Prussia.  The Von Ribbentrop-Molotov (aka “Stalin-Hitler”) Pact of 1941 was reversed a mere four years later, but not before Poland had not only been savaged by Nazi occupation but by the Stalinist reprisal which, in terms of meaningful reality, involved much vaster forced migrations than any that history had ever seen, and comparable only to the forced internal migrations (poorly documented though they are) which took place in Maoist China during the “Cultural Revolution”.  

Now you might ask, why should an American care about learning the details of Polish Constitutional History?  As Professor Wiktor Osiatynski made us all aware in the two courses he taught that year at the University of Chicago, Poland’s constitutional history was a major source of its downfall.  Prior to meeting and studying with Wiktor, my primary familiarity with recent modern Poland had been a vague knowledge of the partitions of the late 18th century, the fact that Napoleon I had created the Duchy of Warsaw, and that Chopin and many other 19th century artists had gained fame for the culture of Poland and quietly advocated the restoration of Polish Sovereignty and Nationality.

Of course, I had also been very generally aware from a lifetime obsession with historical cartography, I was aware that Poland had once been the largest nation in Europe—a fact, again, which probably very few Americans must know.***  Yes, the combination of the Grand Duchy of Lithuania and the Kingdom of Poland once not merely “dominated” but in effect “was” all of Eastern Europe—controlling during most of the 15th-early 18th Centuries all of the territory from the Baltic to the Black Seas, dwarfing “barbarous” Russian during most of that time, although Russia started climbing out of an inferior position in the 16th century, though it did not achieve “world nation” status until the 18th under Peter and Catherine the Great.  

But indeed, the Constitutional History of Poland and Lithuania together is very interesting, and historically relevant for Americans, especially in this day and age.  Lithuania, so it was forced to ally more closely with Poland, uniting with its western neighbor as the Polish-Lithuanian Commonwealth (Commonwealth of Two Nations) in the Union of Lublin of 1569. According to the Union many of the territories formerly controlled by the Grand Duchy of Lithuania were transferred to the Crown of the Polish Kingdom, while the gradual process of Polonization slowly drew Lithuania itself under Polish domination. The Grand Duchy retained many rights in the federation (including a separate government, treasury and army) until the May 3 Constitution of Poland was passed in 1791. 

I submit to you, “my fellow Americans” that we today are much like Poland—because of the abrogation of our traditional Federal Union into a centralized dictatorship, we are weak and face extinction, division, and perhaps even partition between, say, China, Mexico, and a resurgent Europe.  

* Pope Adrian I between 784 and 791 sent Charlemagne, at the King of the Franks’ personal request, a copy of what was considered to be the Sacramentary of Saint Gregory, which certainly represented the Western Roman “Early Dark Ages” use of the end of the eighth century.  This book, far from complete, was edited and supplemented by the addition of a large amount of matter derived from the Gallican books and from the Roman book known as the Gelasian Sacramentary, which had been gradually supplanting the Gallican. The editor may well have been Charlemagne’s principal liturgical advisor, the  Englishman Alcuin. Copies were distributed throughout Charlemagne’s empire, and this “composite liturgy”, as Duchesne says, “from its source in the Imperial chapel spread throughout all the churches of the Frankish Empire and at length, finding its way to Rome gradually supplanted there the ancient use”. More than half a century later, when Charles the Bald wished to see what the ancient Gallican Rite had been like, it was necessary to import Hispanic priests to celebrate it in his presence, because the Gallican rite took root firmly in Toledo, Viscaya, Aragon, Catalunia, and elsewhere in the land of the Christian Visigoths of Hispania before the arrival of the Moors (and survived there ever after, even during the Caliphate of Cordoba—which resilience explains why May 3 remains the Day of the Holy Cross everywhere in Latin America).

The Luxeuil Lectionary, the Gothicum and Gallicum Missals, and the Gallican adaptations of the Hieronymian Martyrology are the chief authorities on this point, and to these may be added some information to be gathered from the regulations of the Councils of Agde (506), Orléans (541),Tours (567), and Mâcon (581), and from the “Historia Francorum” of St. Gregory of Tours, as to the Gallican practice in the sixth century.

** Constantine’s Mother the Empress Helen did a lot of traveling and established a lot of Churches.  Named after Helen of Troy, Empress Helen kept the name alive and popular among the Christians, and it was the Empress Helen, I am told, after whom were named both my Louisiana-born grandmother who raised me with love and my Greek-born wife who razed me with something else.

***For my lifelong obsession with maps, I have mostly my mother to blame, because she bought me so many Atlases–Shepard’s Historical Atlas, Oxford Historical Atlas, just for starters–when I was very small and for some reason decorated my boyhood room with a collection historical individually framed maps of almost every county in England, Wales, & Scotland—this led to my grandparents, somewhat later, always putting me in charge of studying the maps when we traveled and making reports on local geography as we did—Baedeker was almost like a family friend, and sometimes AAA and National Geographic.

Elements of the Constitutional Crisis, January 1, 2012: a modern Platonic dialogue in miniature

I had the following New Year’s afternoon exchange with a good friend and supporter today by I-phone-to-I-phone text message.  It reminded me of Plato’s “Socratic” dialogues, and it seems to encapsulate the basic elements of the fundamental constitutional crisis facing our country so well that I have decided to reproduce it in full here, as a New Year’s Message:

Julia: Dear Charles!! I wish you all Happy, Successful, Peaceful & Fruitful New 2012 Year, filled with Love and Care! May all your wishes come true!!!

CEL III: Well, Happy New Year to you too! How are things going with you and the kids today?
Julia:   Well, I guess it is all relative…. …I will be in la tomorrow looking for places to rent…. Let’s plan in getting together and we will have time to talk more…
CEL III: I am available tomorrow. You wrote: “May all your wishes come true.” One of my wishes is that you and I form a team running against the establishment. What do you think about that item on my wish list?
Julia:   One of my wishes is to work with you also. I will not work against establishment, I will work on improving the establishment- big difference!!! So, if you want to work with me you will have to grind… the granite of the establishment!!
CEL III:  I suspect you are posing a question of definitions. The only part of “the establishment” that I want to preserve is the framework of a true three part federal government with States Rights and Local Government as originally envisioned in the Constitution. To me, almost nothing else is worth saving.
Julia:   That is a very strange statement!!!
CEL III: I am a very strange person, as you must know. But we will have to talk. I oppose all deviations from the three part structure of the federal government. For example: the President and Executive Bureaucracy (including the army and the jails) should not have the power to make law.
Julia:  The latter part!!
You are not a strange person, you are noble and decent man!!!
Well, that is very kind of you to say, but what do you mean, “the latter part?”
The part where you say: To me, almost nothing else is worth saving.
CEL III: Article I creates Congress to be the bicameral legislature (House of Representatives and Senate), Article II creates the executive branch (The President and all executive Departments, including the Secretary of State, Secretary of the Treasury, Attorney General, 11 other Cabinet Level Departments with countless subsecretarial positions from the Indian Affairs under the Secretary of the Interior to the Bureau of the Mint under the Secretary of the Treasury to the Federal Bureau of Investigation and the Bureau of Prisons under the Attorney General, aka “Department of Justice”), and Article III creates the Judiciary (the Supreme Court, Circuit Courts of Appeal, and all District Courts, together with special “Article I” courts of Bankruptcy and Magistracy under the supervision of Article III judges).
The major problem in modern times arises from the historically indisputable fact that the Executive Branch has taken upon itself a vastly expanded role in legislating (that means creating new laws) and performing judicial functions (that means applying the law to specific instances or situations). And the States have been all but absorbed and abolished by the Executive bureaucracy, most notably through “revenue sharing” under the rubrics of Social Security, Medicare, Medicaid, other forms of “Welfare,” Highway, Commercial, Agricultural, and Environmental programs).
Julia:  Ok
CEL III:  And basically I want to wipe out that vast “de facto” government establishment to the degree that the government’s activities today deviate from the very small and limited “de Jure” establishment created and defined by the Constitution. So “grinding the granite” is not enough. We have to abolish all unconstitutional “independent agencies” and “independent commissions” which cross the boundary between the public and private (governmental and individual) realms of life.
The de facto three parts of government establishment with real power to control our world today are (1) the Federal Reserve Bank, created by Title 12 of the United States Code (2) the Commission on Internal Revenue (Aka IRS), created by US Code Title 26 and (3) the Social Security Administration and all Title 42 programs on public health and welfare—none of which were authorized by the de jure Constitution.
         Each of these three de facto branches of government performs its own Legislative, Executive, and Judicial Functions in the name of the United States: thus the “establishment” consists of a shadow de facto government created by and real power delegated by the now paralyzed overwhelmed “de jure” bicameral Congress and unitary Presidency.
Julia:  Let’s talk later
CEL III:  Just study what I have given you above.  It’s a good introductory thumbnail outline.
Julia:  K:)

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Message to all American who Grieve for their Lost Constitution and their Fundamental Rights (but who would like to find the Constitution again and restore it to vigor as the key document in our nation’s life and identity—precisely as vigilant guarantor of our Fundamental Rights):

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(4) CAMPAIGN FOR RESTORATION OF HARD CURRENCY BASED ON MOVABLE COLLATERAL (Neither on Human Labor Nor Real Estate—i.e., end the Federal Reserve Banking & Banknote system dependent on voluntary Income Tax and Social Security)(nationwide).

(5) CAMPAIGN TO NULLIFY STATE MARRIAGE LICENSES, FAMILY, DIVORCE, & CHILD CUSTODY CODES, AND ALL OTHER STATE-FEDERAL WELFARE PROGRAMS WHICH INTRUDE ON FAMILY AUTONOMY AND FREEDOM OF RELIGION AND EXPRESSION (Alabama, Arizona, California, Connecticut, Florida, Georgia, Idaho, Louisiana, Massachusetts, Michigan, Montana, Texas, Washington).

(6) ABOLISH THE STATE BAR MONOPOLY—FOR THE PEOPLE TO KNOW, UNDERSTAND, APPLY, and ARGUE ABOUT THE LAW IS THE ESSENCE OF DEMOCRACY—Do not allow the state to license your fundamental rights to a small group of highly paid noble-advocates (nationwide).

(7) SEPARATE REGULATION OF THE PRACTICE OF LAW FROM THE JUDICIARY.  If there ARE to be law licenses, they should be issued by the Executive Branch, pursuant to laws enacted by the legislature, NOT by the Supreme Court of Each state (nationwide).

(8) Repeal or Abolish the Patriot Act of 2001-2004, restore Habeas Corpus and also repeal the Anti-terrorism and Effective Death Penalty Act of 1996) and dismantle the Department of Homeland Security.

(9) End Federal Control of Health, Education, and Welfare programs and abolish the Federal Executive Cabinet Level departments and the bureaucracies in charge of these programs.
Contact: Kathy Garcia-Lawson in Florida (and regarding all Family and Judicial Issues)(561) 694-2772 Daniel L. Simon in Texas (and regarding all Family, Judicial, and Oath Issues) (512) 228-9416 Senator Jerry O’Neil in Montana (and regarding all issues relating to civil rights, lawyers, and the practice of law) (406) 892-7602. Peyton Yates Freiman Regarding all Civil Rights Issues (512) 923-1889 Robert Joseph Ponte regarding all Mortgage & Real Estate Issues (860) 599-5557.

Deo Vindice

“May the Lord God be with you,

and with thy spirit!”

Charles E. Lincoln, III

Spiritual Patriot

Tierra Limpia

Tel: 512.968.2500

eFax: 419.844.9142

The States Can Create Their Own Money—so can anyone who owns a bank!

       Paper money is, of course, NOT authorized by the United States Constitution, in fact, arguably, it is specifically forbidden by Article I, Section 10 that ” No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts….”  The purpose of paper money is and has always been to create easy and quick credit for the government. Banks can do the same thing by “emitting credit” or “approving credit”—and all promissory notes accepted by National Banking Institutions under the definitions of 12 U.S.C. §1813(l) MUST treat approved promissory notes as “the equivalent of cash.”  In effect, any person who can approve credit formally can create money from thin air.  National Banking Associations do that, but a former associate of mine, the well-known Orange County Dentist Dr. Orly Taitz, was able to approve credit through her Dental Office, and upon accepting notes, was able to issue herself money.  She actually DID this in the case of my friend the late (died tragically and very prematurely last December) Major Stefan Frederick Cook….. who never came anywhere near Orly’s dental office….but sought Orly’s “legal” services…. and she had him apply for credit through her dental office.  She never, however, got him into a dental chair so far as I am aware….although he may have felt his teeth had all been extracted by the time his little whirlwind tour with her was over….  I have the greatest respect and regard for Major Stefan Frederick Cook, and I am sorry that Orly’s impetuosity (and my assistance  to her in acting impetuously) may have injured his amazing military career unnecessarily, but that is a different story for a different day: the point is that issuing credit under the national system, whether you are a Bank or a retailer or a retail provider of dental services or anything else: IS the creation of money from thin air.  Creating money from thin air facilitates instant gratification of the kinds and types of which both Henry Ford and Sigmund Freud definitely and enthusiastically approved, albeit for radically different reasons.  Aldous Huxley made the connexion between Ford and Freud’s attitude towards instant gratification in his masterpiece “Sci Fi Horror” book: Brave New World.

       “The Money Multiplier” effect is something that ever student of Freshman economics learns about and then forgets in later life as s/he goes through a normal American life-style creating money by signing credit card notes, mortgages, car loans, EACH of which is multiplied several times within a month or two at the maximum, thereby creating the oversupply of money which that same student of Freshman economics will doubtless hear of on the news, possibly during his middle age, as “inflation” measured by the “consumer price index.”  Gold and silver are not immune from inflation: during historical gold and silver rushes the value of these commodities has shrunk to unbelievably low levels in mining communities and areas where they are super-abundant.  Spain of the “Golden Age” (16th-17th centuries) is often said to have been crippled in comparison with Holland, Germany, and Great Britain by the inflationary effect of vast surplus gold derived from the post-Columbian conquests of Mexico, Peru, Colombia, and Bolivia.  Why develop?  Why produce anything at all when you can stay drunk on easy gold and never have to work?

Why develop just and fair economic and political systems when you can decorate your churches with oceans of gold and then leave them in charge of regulating society and culture through well-funded courts of inquisition who are responsible to no one?  Money = power, power corrupts, and abundant money = absolute power which can corrupt absolutely.  These truisms are too well known to bear much discussion.

         “Formal” market economies have always depended upon an exchange rate based on some form of central commodities.  Before gold and silver the Ancient Romans and Germans used horses and cattle as currency (the word “pecuniary”, meaning, “of or relating to money” is derived from Latin “pecus”—preserved in Spanish words and phrases such as “Agropecuario”—which means “relating to commercial farms and ranches and similar products and services”).

         Among the ancient Aztec and Maya of Mexico, Cacao beans and cotton cloth were used as currency, (this was the sweetest economy in history, where money literally did “grow on trees” and could be made into chocolate at any time).  And in fact the Southern Americans of the Confederate States of America effectively tried (but failed) to use cotton as currency again in the 1860s, but were rebuffed by and ultimately lost their bid for independence as a result of the scorn heaped on them by gold-loving British and French bankers of the middle part of the 19th century.  Thus “Dixie” fell in large part because of its dependence on paper money such as the “Dix Dollars” (Ten Dollar–French language) bill issued by the antebellum Banque de Nouvelle Orleans which had given the region its nickname in the time leading up to secession in 1860-61.  Cowerie shells were famously used by certain pre-modern tribes in the Western Pacific.  The honest advantage of commodity based currencies—and their fatal flaw, from the standpoint of modern social-welfare economics—is that they are inevitably finite.

            No matter how easy it is to pan for gold, grow cotton, raise cattle, or cacao beans, or collect cowerie shells, it cannot be done instantaneously.  And for governments (like the U.S.) which want to build sophisticated nuclear missiles, launch satellites, sponsor vast educational programs which seem to lower the overall national levels of literacy and awareness, try through redistribution of the wealth to make “every man a king”, and generally realize Rumpelstiltskin’s dream of spinning straw into gold without actually doing the work of spinning even, paper money is the only “commodity” sufficiently malleable and manipulable to work.

         Ellen Brown’s article below focuses on how some independence could be achieved if the States were to challenge the Federal Reserve Banking system, but even so, the result would still be just more inflation and even greater currency instability.  If such instability could ultimately destroy the Federal Reserve system, of course, we should all be in favor of it.

BUT GOVERNOR, YOU CAN CREATE MONEY!

JUST FORM YOUR OWN BANK.

Ellen Brown, May 26th, 2009
http://www.webofdebt.com/articles/but_governor.php

“I understand that these cuts are very painful and they affect real lives. This is the harsh reality and the reality that we face.Sacramento is not Washington – we cannot print our own money. We can only spend what we have.”
– Governor Arnold Schwarzenegger quoted in Time, May 22, 2009

Christmas comes early, Governor. You CAN print your own money. Fiscally solvent North Dakota is doing it . . . and so can California. Now!!!

In a May 22 article in Time titled “Billions in the Red: Fiscal Reckoning in CA,” Juliet Williams reports that since California voters have now vetoed higher taxes and further state government borrowing, Gov. Arnold Schwarzenegger has indicated that he intends to close the budget gap almost entirely through drastic spending cuts. The cutbacks could include laying off thousands of state workers and teachers, ending the state’s main welfare program for the poor, eliminating health coverage for about 1.5 million poor children, halting cash grants for about 77,000 college students, slashing money for state parks, and releasing thousands of prisoners before their sentences are finished. Schwarzenegger bemoaned the fact that the state could not print its own money but said it could only spend what it had.

But the state can create its own money. After all, banks do this every day. Certified, card-carrying bankers are allowed to do something nobody else can do: they can create “credit” with accounting entries on their books. As the Federal Reserve Bank of Dallas explains on its website:

Banks actually create money when they lend it. Here’s how it works: Most of a bank’s loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank . . . holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times.”

President Obama has also acknowledged that banks create money, through what he calls the “multiplier effect.” In a speech at Georgetown Universityon April 14, he said:

“[A]lthough there are a lot of Americans who understandably think that government money would be better spent going directly to families and businesses instead of banks – ‘where’s our bailout?,’ they ask – the truth is that a dollar of capital in a bank can actually result in eight or ten dollars of loans to families and businesses, a multiplier effect that can ultimately lead to a faster pace of economic growth.”

Money in a government-owned bank could give us the best of both worlds. We could have all the credit-generating advantages of private banks, without the baggage cluttering up the books of the Wall Street giants, including bad derivatives bets, unmarketable collateralized debt obligations, mark to market accounting issues, oversized CEO salaries and bonuses, and shareholders expecting a sizeable cut of the profits. A state could deposit its vast revenues in its own state-owned bank and proceed to fan them into 8 to 10 times their face value in loans. Not only would it have its own credit machine, but it would control the loan terms. The state could lend at ½% interest to itself and to municipal governments, rolling the loans over as needed until the revenues had been generated to pay them off. According to Professor Margrit Kennedy in her 1995 book Interest and Inflation-free Money, interest composes, on average, fully half the cost of every public project. Cutting costs by 50% could make currently-unsustainable projects such as low-cost housing, alternative energy development, and infrastructure construction not only sustainable but actually profitable for the government.

If all this seems too radical and unprecedented to venture into, consider that one state has had its own bank for 90 years; and it has not only escaped the credit crunch but is doing remarkably well . . . .

THE INNOVATIVE BANK OF NORTH DAKOTA

Only three of fifty states are now solvent, meaning they have the revenues to meet their state budgets; and one of them is North Dakota. It is an unlikely candidate for the distinction. It is a sparsely populated state of less than 700,000 people, largely located in isolated farming communities afflicted with cold weather. Yet since 2000, the state’s GNP has grown 56%, personal income has grown 43%, and wages have grown 34%. The state not only has no funding issues, but this year it actually has a budget surplus of $1.2 billion, the largest it has ever had.

North Dakota boasts the only state-owned bank in the nation. The Bank of North Dakota (BND) was established by the state legislature in 1919 specifically to free farmers and small businessmen from the clutches of out-of-state bankers and railroad men. The bank’s stated mission is to deliver sound financial services that promote agriculture, commerce and industry in North Dakota. By law, the state must deposit all its funds in the bank, which pays a competitive interest rate to the state treasurer. The state rather than the FDIC guarantees the bank’s deposits, which are plowed back into the state in the form of loans. The bank’s return on equity is about 25%, and it pays a hefty dividend to the state, which is expected to exceed $60 million this year. In the last decade, the BND has turned back a third of a trillion dollars to the state’s general fund, offsetting taxes. The former president of the BND is now the state’s governor.

The BND avoids rivalry with private banks by partnering with them. Most lending is originated by a local bank. The BND then comes in to participate in the loan, share risk, and buy down the interest rate. The BND provides a secondary market for real estate loans, which it buys from local banks. Its residential loan portfolio is now $500 billion to $600 billion. Guarantees are also provided for entrepreneurial startups, and the BND has ample money to lend to students (over 184,000 outstanding loans). It purchases municipal bonds from public institutions, and it backs loans made to new farmers at 1% interest. The BND also has a well-funded disaster loan program, which helps explain how Fargo, when struck by a disastrous flood recently, managed to avoid the devastation suffered by New Orleans in similar circumstances.

North Dakota has also managed to avoid the credit freeze, through the simple expedient of creating its own credit. It has led the nation in establishing state economic sovereignty. In California and other states, workers and factories are sitting idle because the private credit system has failed. An injection of new money from a system of publicly-owned banks on the model of the Bank of North Dakota could thaw the credit freeze and bring spring to the markets once again.

Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her earlier books focused on the pharmaceutical cartel that gets its power from “the money trust.” Her eleven books include Forbidden MedicineNature’s Pharmacy (co-authored with Dr. Lynne Walker), and The Key to Ultimate Health(co-authored with Dr. Richard Hansen). Her websites are www.webofdebt.com and www.ellenbrown.com.

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IF WE ALL STOP ACCEPTING HANDOUTS FROM THE GOVERNMENT WE CAN BEGIN TO RECLAIM OUR COUNTRY!!

If you would like to help the fight for “corny old values” like Truth, Justice, and the American Way, for Family, Home, and Freedom, and to add one Senator for the Bill of Rights and against Indefinite Detention, against the PATRIOT ACT, and against the use of United States Troops in this Country against its own citizens, please support Charles Edward Lincoln, III, for U.S. Senator from California.  We are fighting one of the most entrenched establishment seats in Congress—Dianne Feinstein who tried to make cosmetic changes in S.B. 1867 to hide and disguise its truly oppressive nature (and to claim she had “done the best she could”, perhaps?)—and we ask you to send your check or money order to Lincoln-for-Senate 2012 to Charles Edward Lincoln, III, 952 Gayley Avenue, #143, Los Angeles, California 90024.  Call 310-773-6023 for more information.