Arizona should have its own bank so taxpayer dollars could help fund local businesses instead of boosting the profits of big multinational banks. Bill Bradbury, Democratic candidate for governor of Oregon (and former secretary of state) is proposing the same course of action for his home state.
The Bank of North Dakota has been operating since 1919 without federal bailouts of any kind, completely funded by its own resources, non-securitized, and by charter obligated to loan to agrarian interests instate.
Moreover, North Dakota currently has a record surplus and the lowest unemployment in the country. It’s the megabanks that needed TARP and all the rest. The state bank of ND is self-insured (they don’t WANT FDIC insurance – why pay the fees?) and has returned revenue (not COST revenue) to the state since inception 91 YEARS ago! A state bank of Arizona could do the same thing. Read Ellen Brown’s articles or her book “Web of Debt” to understand this.
July 13, 2010
The Honorable Jan Brewer
Governor of Arizona
1700 West Washington
Phoenix, Arizona 85007
Dear Governor Brewer:
Arizona needs its own bank and you can make it happen.
You have probably heard of attorney and author Ellen Brown. Her knowledge and ideas can save America and Arizona can lead the way. Ellen Brown says:
“We’re being reduced to the state of a 3rd world country… because of a failed Wall Street banking system. Meanwhile the Wall Street bankers are getting trillions out of our government on the presumption that if we don’t preserve this banking system then we won’t have a credit system. But that is not true. In fact we can create our own credit exactly the way that (private) banks create it- we can set up an alternative credit system in which states would own their own banks.”
This is not pie in the sky but a proven fact as Ellen explains:
“One state in the Union does this- North Dakota- one of only two states currently able to meet their budget. In fact the state (of North Dakota) now has the largest surplus it has ever had. North Dakota has plenty of money for everything it wants to do.”
Because our new immigration law, Arizona has emerged as the leader of the vast majority of Americans who are fed up with the Federal Government and the international bankers who are trying to bring America down. Millions of Americans stand ready to participate in a peaceful revolution in which we the people and our respective state and local governments take decisive action by assuming our responsibility to protect and defend the Republic as expressed in the Declaration of Independence, The Constitution and the Bill of Rights.
Computerized rigged elections have taken away our ability to control the politicians in Washington and today they all serve the same globalist bankers who have a stranglehold based upon their money monopoly- also known as the Federal Reserve. But we the people can break that monopoly. Millions of people across America are disgusted with the phony Republican-Democrat rigged system. We will no longer tolerate the abuse and tyranny we see increasing with each administration- regardless of political stripe.
There are so many things we can and must do to prevent the looming disaster but there is no more fundamental need than that of “monetary sovereignty” for our state and local governments. Unless we break the money monopoly, we will never gain the economic freedom and prosperity necessary to take our Country back.
Please watch the short video of Ellen Brown talking about her proposal for state and local banks at the following link:
Also you can go on her website at the following address:
This letter is being forwarded by e-mail (bcc) to a number of dedicated and concerned Americans including the following whose public service, writings, words and deeds inspire and give us hope:
Ellen H. Brown
Richard C. Cook
Jim Condit Jr.
Mark B. Matthews
Sheriff Richard Mack
Cochise County Sheriff Larry Dever
Arizona State Senator Manuel V. “Manny” Alvarez
Arizona State Representative David W. Stevens
Arizona State Representative Patricia V. Fleming
Thank you for your continued leadership and courage.
Very truly yours,
Robert W. “Bob” Walton
PO Box 16283
Portal, Arizona 85632