Compare all the devastation spread throughout the country and it is pretty scary. But I bet you haven’t heard about the one place in these United States of America that actually is doing pretty well for itself… North Dakota:
Under state law the bank is the State of North Dakota doing business as the Bank of North Dakota.
It seems that someone had some sense and decided to start their own State Bank. They didn’t like the central banking cartel that owns the rest of the 49 and by playing the Oligarchs game, were able to beat them at it (at least temporarily). They did this by creating a “Socialist Bank” or their own central bank with all funds guaranteed by the government (you know, like this entire NATION used to have before allowing the Federal Reserve to gain control… the private, centralized banking cartel that owns and runs America).
You should really go to Max Keiser’s On The Edge and see all of his interview with Ellen Brown (extremely enlightening, especially considering the High frequency trading scam).
What is High Frequency Trading? Go to the Wiki link and read for yourself. What is most important about this is that first, it is done in the off hours and by computer programs and second, it makes up 73% of the trades (where are the humans?):
As of 2009, high frequency trading firms account for 73% of all US equity trading volume.
But more importantly, there are only 2% of the 22,000 Investment firms doing this type of trade (making up the vast majority of all trades). And to top that, they do this with:
few or no regulatory requirements
As Max and Ellen describe, banks like Goldman Sachs (yes, of course, one of those select and privileged 2%) are able to manipulate the stock prices with this “tool”.
Sound fiscal responsibility is not on the minds of the currently elected scumbags in Congress or any branch of our government. With only one or two exceptions, they all kowtow to the heavy dollars being given and they seemingly don’t care if Americans find out. They must believe that most of America is too stupid to figure this out (and from what I see, they are probably correct).
Got it and I certainly concur.
The question is “How long will it take for people to awaken and demand change?”
If the answer is “Never,” then I can imagine the next question being, “Can I put my money in a North Dakota bank?”
Thanks for the lone ray of light!
Suzan
They must believe that most of America is too stupid to figure this out (and from what I see, they are probably correct).
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Posted by Suzan | May 10, 2010, 7:17 pm