March 9, 2011 Modified from Ellen Brown's article www.webofdebt.com/articles/wiconsin.php
As states struggle to meet their budgets, public pensions are on the chopping block, but they needn’t be. States can keep their pension funds intact while leveraging them into many times their worth in loans, just as Wall Street banks do. They can do this by forming their own public banks, following the lead of North Dakota—a state that currently has a budget surplus.
This is the law, de facto, of the land in the USA: The States must pay interest for their borrowings at rate of about 5% or more - unless they own their own banks; or, are banks!
There is a huge difference in borrowing at rate of 5% or at FED funds rate of 0.2%. The catch: only banks can tap into the FED funds. The Bank of North Dakota was set up in 1919 as “North Dakota doing business as the Bank of North Dakota.” Ironically, the only state to have one of these socialist-sounding credit machines is a conservative Republican state.
The state-owned Bank of North Dakota (BND) has allowed North Dakota to maintain its economic sovereignty, a conservative states-rights sort of ideal. It was established in 1919 in response to a wave of farm foreclosures at the hands of out-of-state Wall Street banks. Note that FED itself was established in 1913. Today the state of ND has no debt at all. The BND helps to fund not only local government but local businesses and local banks, by partnering with the banks to provide the funds to support small business lending. Technically, all of North Dakota’s assets are the assets of the bank. The BND also has its deposit needs covered. It has a massive, captive deposit base, since all of the state’s revenues are deposited in the bank by law. The bank also takes other deposits, but the bulk of its deposits are government funds. The BND is careful not to compete with local banks for consumer deposits, which account for less than 2% of the total.
Here is the real SECRET: The countries in the EU should pay attention to North Dakota and follow their examople of 1919 to the letter. They do not need to borrow a penny from their current buddies and friends called JP Morgan, Goldman Sachs, & aliases... Just remember that ECB is the FED of EU and ECB will act like all the central banks in the world. Like in North Dakota the to be established new Central Banks od Ireland, Greece, Portugal & al., will have all the financial backing they ever need and can borrow much more money than they ever need. They only must do the same than the BND did in North Dakota, not to compete against the local banks of their own country.
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. Brown developed an interest in the developing world and its problems while living abroad for eleven years in Kenya, Honduras, Guatemala and Nicaragua. She returned to practicing law when she was asked to join the legal team of a popular Tijuana healer with an innovative cancer therapy, who was targeted by the chemotherapy industry in the 1990s. That experience produced her book Forbidden Medicine, which traces the suppression of natural health treatments to the same corrupting influences that have captured the money system. Brown's eleven books include the bestselling Nature's Pharmacy, co-authored with Dr. Lynne Walker, which has sold 285,000 copies.
January 27, 2011
Report from ESA: Hubble has found a new contender for galaxy distance record. The light had to travel 13.2 billion years to finally reach reach us.
What about the theory of one BIG BANG as a unique one time happening ever that created our universe? Are we really in the dead center of the universe? Hardly, so if we go to that distant galaxy and look from there to the other end on the opposite side the light must take 26.4 billion years to cover that distance. Yes, we can wait another 13.2 billion years and the light gets there too. That is fine but it means that we must be right now in the dead center of the universe that was formed by the BIG BANG 13.2 or so billion years ago and that does not look likely. And what is there on the other side of that distant galaxy? If it goes a little further does this distant galaxy drop of the universe like the ancient beliefs that sailors exploring the oceans would drop off the earth?
Was the BIG BANG just another black hole that became too "fat" and exploded. If so then our firm belief on our specific BIB BANG is totally without merit and the universe is just renewing itself through a continuous stream of big bangs.
So, what is the next galaxy in line to explode?
What is the size of the universe, and why is it there?
Hubble is our best technology regarding telescopes so far, but like all instruments the next generation is always better and perhaps our apparently slightly expanded light scale is not the right frequency to use to see even further... who knows?
If nothing else can do it, this should get your head spinning.
January 13, 2011
The U.S. Department of Justice has subpoenaed the internet company Twitter for personal information from several people linked to the online whisteblower website WikiLeaks. The subpoena asks Twitter for all records and correspondence relating to their accounts. Icelandic parliament member Birgitta Jónsdóttir, who has collaborated with WikiLeaks, is one of the five people targeted by the subpoenas. "I think it opens up a whole can of worms when it comes to parliamentary immunity worldwide," Jónsdóttir says. "Icelandic authorities are taking this very seriously."
Why don't we instead use our global (you did not know?) supboena powers reaching now to all four corners on the planet and extract the plans from China and Russia that show how they will respond to our surprise nuclear attack?
January 12, 2011
What was was the G.W. Bush government referring to and WHY?
What did the US government know at the time of GM foods? Wikileaks and a multitude of sources claim: everything including the long term impact of consuming these foods.
Monsanto, the worlds largest provider of GM seeds had just realized that the French people and with them most of the Europeans would ban Monsanto's GM seeds from their soil. The company had their "own" people in charge of the relevant sections in FDA with compiled data supporting that all GM foods are safe to eat - are they? This statement "safe to eat" does not say anything else than you will not get sick and die if you once and while in your life happen to eat some GM food.
The independent research around the world has concluded time and again that GM crops cause farm animals and rats and mice to become infertile. Still the official US opinion remains that GM food are safe for the people to eat.
We all know that hungry get sick and can then easily die when deeply unnourished. In the case of real poisoning we all may die. However, if poisoning is done slowly and so stealthy that victim does not even know that he/she is being poisoned and will not die nor get sick then we have potentially a tool for a perfect crime that the legal system cannot recognize. Also infertility is something that occurs naturally in small percentage of population and what one cannot easily prove that GM foods have had an impact. However, this stealthy increase of infertility accelerates with the consequent generations with newborn being more an more susceptible to diseases. Nobody can be accused but within a few generations the whole population has disappeared.
The policy allowing GM foods to be sold around the poor nations in the world is sinister at best. The pretense is that people will have an opportunity to live with full stomach. Isn't that much better than being hungry?
The above was just a minor problem for Monsanto as with their major campaign donations and party support they have the ear of the President and the whole US Congress. The company just went to White House and demanded action against France and the European countries considering to follow the example of France. The Bush White House agreed and with that promised to punish the Europe the way that they would understand it, for what? Was France and Europe disobedient to the American supremacy by daring or even discussing to ban GM seeds? What supremacy - the military power?
Is Monsanto working together with those in global oligarchy who believe that the population of earth must be reduced to a more sustainable level from the current 6.7 billion? Their optimal population is somewhere between 3 and 4 billion.