State Economic Sovereignty w/ the Only State-Owned Bank in America

Posted on October 29, 2009 by stacyherbert| 149 Comments

Stacy Summary:    (h/t Bicyclemark)  You mean we don’t need Wall Street bankers??

The Bank of North Dakota is the only state-owned bank in America—what Republicans might call an idiosyncratic bastion of socialism. It also earned a record profit last year even as its private-sector corollaries lost billions. To be sure, it owes some of its unusual success to North Dakota’s well-insulated economy, which is heavy on agricultural staples and light on housing speculation. But that hasn’t stopped out-of-state politicos from beating a path to chilly Bismarck in search of advice. Could opening state-owned banks across America get us out of the financial crisis? It certainly might help, says Ellen Brown, author of the book, Web of Debt, who writes that the Bank of North Dakota, with its $4 billion under management, has avoided the credit freeze by “creating its own credit, leading the nation in establishing state economic sovereignty.”

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149 Responses to State Economic Sovereignty w/ the Only State-Owned Bank in America

  1. Joe Rogers | November 2, 2009 at 12:51 pm |

    Profits are fleeting. Whether this bank makes money or not is of no significance. It’s the just the government entrenched further in the fraud of fractional reserve lending. Why should we applause a state-owned bank making money, when they’ve done so by usury (i.e. taking North Dakotan’s money through the non-wealth producing item called interest)??? Banks are leeches.

  2. The Man from Glad | October 31, 2009 at 3:10 am |

    @Stacy, That would be great. Brown and Keen are prophets in the wilderness. I really appreciated Keen’s interview with Max.

    @Richard@lattitude30N, The Wanta Affair reads like it could have been the inspiration for the back story for Swordfish (2001). Story’s gotten sidetracked by the Snake Hill Principality Scam lately, though.

  3. frances snoot | October 30, 2009 at 1:57 pm |

    Everytime the Feds start a fund to protect the people there is the sound of a sucking motor in the background. The whole structure is papered with Treasury ‘bonds’. Ponzi.

  4. frances snoot | October 30, 2009 at 1:55 pm |

    @Chris:
    Yes, I agree with you! The problem is the Fed fingering everything through FDIC controls. I’m not against banks.

  5. Chris | October 30, 2009 at 1:54 pm |

    @Francis:

    Govt’s surely can be bought out by corporate interests. Many are. But if that were always the case, then North Dakota’s bank & govt would be ripping of f its citizens. Do you really think N. Dakota would be better of without a publicly run bank, and run by GS or JP Morgan?

    Unless you have some way of destroying the power of corporations, (I’m all ears), we’ll still some organization to represent and protect the people’s interest. That’s the reason “governments are instituted among men”.

  6. leone | October 30, 2009 at 10:17 am |

    What if the ongoing money war between italy and switzerland was for

    the 134 BILLION dollar bond of this summer???

  7. Richard@lattitude30N | October 30, 2009 at 7:56 am |

    @Phil: here is a Christopher Story expose…

    http://worldreports.org
    /news/240_german_arrests_mask_major_bush_syndicate_bust

    Is the current indictment of K1 Hedge Fund a Bush Crime Family money laundering scheme exposed????? You decide….

  8. frances snoot | October 30, 2009 at 7:47 am |

    “This is a flaw with libertarians like Ron Paul. They fear that gov’t will rule you….but if you get weak gov’t, you just get ruled by corporations instead. You don’t even get to vote for which corporations rule you.”

    @Chris:
    The governments work FOR the corporations which represent elite interest. We get screwed by government into believing that the government represents our interests through an electoral process. The electoral process has been snatched by corporate interest.

  9. Chris | October 30, 2009 at 7:37 am |

    This is just like the energy crisis in CA in 1999-2000, in which Enron rigged the energy markets and robbed most Californians of billions. However there were a couple of counties which had state owed power supply, instead of PG&E, and these counties did fine. They weren’t plugged into the markets which are rigged.

    This is a flaw with libertarians like Ron Paul. They fear that gov’t will rule you….but if you get weak gov’t, you just get ruled by corporations instead. You don’t even get to vote for which corporations rule you.

  10. frances snoot | October 30, 2009 at 3:52 am |

    I’d like to see some of you lot get off yer fat arses and do something instead of whingeing about Jones et al.

    @BB:
    Alex Jones is a RADIO SHOW HOST. It is not whingeing to voice different opinions but something called ‘discourse’.

  11. Supergeek | October 30, 2009 at 3:44 am |

    @bb
    aint got a fat arse…. someone said blooddonors needed… and alex actually gives real blood… what a guy!!!

  12. Illya Kuryakin | October 30, 2009 at 3:01 am |

    Yes, the Empire is trying to pit Pakistan against India and India against China. This is transparent to everyone.

  13. Phil | October 30, 2009 at 3:01 am |

    ICN Informed Citizen News broadcast Sunday October 25th, 2009. The news you should have heard this week, but didn’t.

    This week’s stories…

    #1 President declares national emergency
    #2 NY forced vaccinations for health workers
    #3 CBS News finds many H1N1 false positives
    #4 Poverty and Food Stamp Rise
    #5 Warren says big banks taking money and writing rules
    #6 The Obama phone: free phones now with 70 mins to welfare recipients
    #7 CIA is buying into private companies that specialize in monitoring Internet social network web sites.
    #8 CIA venture capital arm In-Q-Tel
    #9 Irritating taxes
    #10 Videos of the week
    + This is from 2007, but it shows graphically how things really work in Congress.
    + Dylan Ratigan goes nuts

    http://www.youtube.com/watch?v=KgjoyGjeaUU&feature=sub

  14. stacyherbert | October 30, 2009 at 3:00 am |

    @The Man from Glad – thanks yes, I will try to get Ellen Brown for OTE

  15. Phil | October 30, 2009 at 2:52 am |

    @Richard@lattitude30N …Wanta .. Thx

  16. PatrickEA | October 30, 2009 at 2:38 am |

    @Tofu Charlie:

    what is described in that paragraph you shared is a proto-typical Hegelian dialectic approach to power. this smells like the early makings of a very large scale military conflict.

    i feel as if there is literally no hope for otherwise. protect your loved ones and the helpless.

  17. Illya Kuryakin | October 30, 2009 at 2:28 am |

    West Torpedoes Iran Deal

    I saw this one coming: once the reprocessed uranium reached France it would never have been returned to Iran. Did they really think Iran that stupid?

  18. Tofu Charlie | October 30, 2009 at 2:06 am |

    Ahmed Quraishi, writing about the farce that is H-dog’s stage-managed visit to Pakistan:

    “Merely two days before her arrival, four US ‘diplomats’ were arrested [near Margalla police station in sector F-8] in the Pakistani capital dressed as Afghan Taliban, carrying illegal and unlicensed weapons, and in possession of pictures of sensitive buildings. They were released on the intervention of the Interior Ministry, headed by a close aide of President Zardari. The Ministry is openly accused in the media of not only covering for the US embassy’s illegal actions but also of licensing the operations of private US security firms across Pakistan on an unprecedented scale not seen or known even during the reign of the former pro-US president Musharraf.

    [...] US citizens are unaware, for example, about the strong Pakistani apprehensions that Washington – or some powerful lobbies there – decidedly brought in anti-Pakistan forces into the government in Kabul, and then set them loose on a course of collision with Pakistan, including recruiting, financing and training terrorists to incite an ethnic insurgency in Balochistan exploiting local grievances.

  20. Tofu Charlie | October 30, 2009 at 1:59 am |

    That MTV Christmas promo is awesome! Praise Satan!

  21. Illya Kuryakin | October 30, 2009 at 1:49 am |

    @Youri

    Sounds like Russia trying to move gold down so they can buy more, a feint.

  22. Illya Kuryakin | October 30, 2009 at 1:41 am |

    Even more Satanic brainwashing from MTV,
    http://www.youtube.com/watch?v=GUfN8gAgLJQ&feature=player_embedded

    These guys are really fucking sick.

  23. Youri Carma | October 30, 2009 at 1:38 am |

    New Post: Marc Faber: Dollar Due for a Rebound & Time for Emerging Market Stocks http://bit.ly/2kuwpz

  24. Youri Carma | October 30, 2009 at 1:37 am |

    WSJ: Russia Delays $1.7 Bln Gold Sale After News Leak http://ow.ly/xq3S

  27. Mongo | October 30, 2009 at 12:47 am |

    “The report appears to have been inadvertently placed on a publicly accessible computer network, and it was provided to The Washington Post by a source not connected to the congressional investigations. The committee said Thursday night that the document was released by a low-level staffer.”

    …

    “Shortly after 6 p.m. Thursday, the committee chairman, Zoe Lofgren (D-Calif.), interrupted a series of House votes to alert lawmakers about the breach. She cautioned that some of the panel’s activities are preliminary and not a conclusive sign of inappropriate behavior.”

    http://www.washingtonpost.com/wp-dyn/content/article/2009/10/29/AR2009102904597.html

  28. Chenjeshu | October 30, 2009 at 12:43 am |

    “Saudi switch aims for better value for its oil”

    http://www.forexpros.com/news/commodities—futures-news/snap-analysis-saudi-switch-aims-for-better-value-for-its-oil-98838

    “DUBAI, Oct 29 (Reuters) – Saudi Arabia is dropping a U.S. light sweet crude oil benchmark as the basis for pricing its sales to the United States for one more like its own sour crude and that is less swayed by the volatile futures market.”

    I’m curious to know Max’s thoughts on the CME taking over all the markets and the Saudi’s ditching the Nymex WTI benchmark. Theres something afoot here, but I’m not sure what it is just yet. If GoldSucks has high speed trading in the NYSE, imagine whats going on behind the scenes of the Comex/Nymex/Forex/CME stuff.

  29. Mini US | October 29, 2009 at 10:13 pm |

    Reserve Bank of Australia on Bribery charges.
    This is our Federal Reserve. Business as usual.

    http://au.biz.yahoo.com/091029/31/29h7h.html

  30. BondiBhoy | October 29, 2009 at 8:36 pm |

    So the fuck what if Alex Jones has to advertise? Who else is going to pay for the info he researches & the shows/videos/etc he broadcasts? Not to mention you can get a lot of his stuff free off youtube. I’d like to see some of you lot get off yer fat arses and do something instead of whingeing about Jones et al.

  31. Dante | October 29, 2009 at 8:22 pm |

    Sorry if previously posted:
    Goldman Sachs & the AIG Contracts
    Ratigan, Spitzer and Greenwald speak truth to power and about how Goldman Sachs made out like bandits. Anybody in the Obama administration listening?

    http://www.goldmansachs666.com/2009/10/goldman-sachs-aig-contracts.html

  34. Richard@lattitude30N | October 29, 2009 at 5:12 pm |

    @Phil: BTW>>>>what ever happened to the $134.5 b in Treasury bonds and the other $100 b confiscated in Italy…..if those couriers were that loose…well just maybe there are others succeeding in carrying such a trove of paper….FYI:in Scarface Tony Montana tells the Bolivian plantation owner that “we lose 1 out 9 planes of loaded cocaine…they have AWACS, RADAR, NAVY vessels..” so, just maybe the smugglers blues applies to bond smuggling too…..

  35. Richard@lattitude30N | October 29, 2009 at 5:07 pm |

    @Phil: “Rollerball”…vaguely remember that one…
    “Wanta”..well that’s a long and drawn out tale…something about a covert financial takedown sponsored by Reagan at the time the USSR was disassembled, and Wanta controlled $27 trillion in funds that facilitated the demise of the USSR…and that the money was to be repatriated back to the US @ 35% tax rate or $4.5 trillion to the Treasury…and the players involved prevent the return of the funds …. BUT somehow Mr. Wanta has been maligned and is no longer held in good character by C. Story…
    Through his “portal” I was informed how the European Clearinghouses are hiding trillions of covert and intelligence agency funds that are the backbone of most offshore activity that continues to this day…The DARK POOLS and NUMBERED ACCOUNTS are vehicles for serruptitious transfer of wealth worldwide…continuing the activities of guns, drugs, child slavery and prostitution….

  36. frances snoot | October 29, 2009 at 4:41 pm |

    @Phil:
    I loved Day After Tomorrow even though it was silly. I adore all disaster movies and can’t wait for 2012. I don’t think Americans are taking anything seriously because they want to avoid thinking about the future right now.

  37. frances snoot | October 29, 2009 at 4:40 pm |

    Dumbest face mask picture yet.

    Travel restrictions according to the CDC in Saudia Arabia!!!
    http://www.nytimes.com/2009/10/30/world/middleeast/30flu.html?_r=1&hp

    Rumour whispers and it’s full-out tyranny against religion and free expression!

  38. Phil | October 29, 2009 at 4:34 pm |

    Just a thought on the Film 2012 .. coming out in November 2009 !

    I wonder how the Americans will take it ?
    … remember the famous Orson Wells radio broadcast ? … will people believe it is going to be the end of the world ?
    Fear Mongering … reaches it’s climax !

    Of course, 21.12.2012 has nothing to do with the EOW; it’s just another day.

  39. Phil | October 29, 2009 at 4:27 pm |

    PS@Richard@lattitude30N

    Did you ever see the film “Rollerball” with James Caan ? .. pretty old, and therefore “good for it’s time” !

    Pacifying the public with games and blood sports to the death ( Rome of course ) … but today isn’t much different when you see the Taboos that have been taken down on TV and Film.

  40. Phil | October 29, 2009 at 4:24 pm |

    @Richard@lattitude30N … “worldreports.org…
    Are you familiar with Christopher Story??”

    No .. but his story was the first hit I found .

    http://worldreports.org/news/235_the_irish_referendum_outcome_is_null_and_void

    What is “Wanta” ?

  41. Phil | October 29, 2009 at 4:18 pm |

    @Richard@lattitude30N … is hard to perceive an entity that powerful to shift the entire global economic fabric in one breath…

    The FED ! … because they run the US$ World Reserve Currency facade/fiat fraud… as you certainly already know.

    We should have “crashed” in 2008 , but the rules ( of real capitalism ) were continually ignored and / or changed to keep the music playing.

    We have all chewed on this .. over and over again !

    So as you stated, it does rather seem that the route is already planned out , and that all the protestor-prominents like Max & Stacy, Gerald Celente, Marc Faber, Alex Jones, Ruppert, Ron Paul, Kucinich, Ralph Nader, Grayson, Catherine Austin-Fitts, Janet Tavakoli, Karl Denninger etc. etc. etc. …. just continue to be ignored !

  42. Richard@lattitude30N | October 29, 2009 at 4:13 pm |

    @Phil: Irish referendum….6000 hits and worldreports.org…
    Are you familiar with Christopher Story?? any opinion to his reputation? I first heard about Wanta from him…yet he now discredits Wanta….also I first read on his site a list of the $1200 trillion in derivatives in June 2007, bank by bank

  43. Phil | October 29, 2009 at 4:05 pm |

    @Youri Carma … Gold back at 1,046

    But tomorrow is Friday = take-down day , normally.
    We’ll see !

    BTW… I still haven’t forgotten the way they falsified the Irish vote ! … the audacity is just mind-boggling !
    OTOH, I suppose it is no different to what is going on in the the US .

    If you just Google “THE IRISH REFERENDUM OUTCOME IS NULL AND VOID” , the first of the 6000 hits is from worldreports.org .
    Seems a lot of people are really p*ssed off … as well as myself.

  44. Phil | October 29, 2009 at 4:01 pm |

    @Youri Carma … Gold back at 1,046

    But tomorrow is Friday = take-down day , normally.
    We’ll see !

    BTW… I still haven’t forgotten the way they falsified the Irish vote ! … the audacity is just mind-boggling !
    OTOH, I suppose it is no different to what is going on in the the US .

  45. Richard@lattitude30N | October 29, 2009 at 3:58 pm |

    @Phil:”1.5 yrs ago…and we still haven’t crashed”…that is a curious statement…just maybe this is a manipulation beyond belief;it is hard to perceive an entity that powerful to shift the entire global economic fabric in one breath…but it seems that the continuity of the process is well thought out moving forward at a predestined pace…I know that contradicts everything I learned as a child including phenomenology…..

  46. Youri Carma | October 29, 2009 at 3:53 pm |

    Gold back at 1,046

  48. Phil | October 29, 2009 at 3:38 pm |

    Democracy now from May 2008…

    Global Crisis of American Capitalism 1/2

    …”Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism”

    Renowned political analyst Kevin Phillips argues successive administrations have imperiled the US economy by a combination of shortsighted policies and a trend against regulation. These include unparalleled credit card debts, the expansion of financial industries such as hedge funds, ballooning national debts, and deliberately altering statistics like inflation and unemployment to mask the accurate picture…..

    http://www.youtube.com/watch?v=7qOBak4KRag&feature=rec-HM-r2

    Nearly 1.5 years ago !
    … and we still haven’t crashed !
    ;-)

  50. marietta | October 29, 2009 at 3:02 pm |

    With an inflationary economic down turn there will be a lot less CO2 anyway so don’t sweat it. A lot of soccer moms I know really fret about the environment but were to first to drive their babies around the neighborhood in their SUV to get them to fall asleep. They won’t be able to afford to waste the gas.

  51. Mother earth | October 29, 2009 at 2:56 pm |

    It will be a shock when people stop ‘consuming’ and find their lives are not much worse..

  53. Fibon11235 | October 29, 2009 at 1:50 pm |

    Im not saying the world not been effected by man and that he isn’t a poisonous pest.

    But you can keep your CO2 along with your jobless recovery
    lol
    http://video.tiscali.it/canali/truveo/2873027233.html

  54. Fibon11235 | October 29, 2009 at 1:49 pm |

    Im not saying the world not been effected by man is not a poisonous pest.

    But you can keep your CO2 along with your jobless recovery
    lol
    http://video.tiscali.it/canali/truveo/2873027233.html

  55. The Man from Glad | October 29, 2009 at 1:42 pm |

    @Stacy, Can’t wait to see Ellen Hodgson Brown on OTE.

    Reviving the Local Economy With Publicly-Owned Banks

    Ellen Brown
    Author, “Web of Debt”
    Posted: October 15, 2009 03:26 PM

    http://www.huffingtonpost.com/ellen-brown/reviving-the-local-econom_b_321747.html

  56. Tofu Charlie | October 29, 2009 at 1:31 pm |

    Anon multi-user chat sidebar intalled here:

    http://tofucharlie.blogspot.com/
    .
    .

  57. tofu | October 29, 2009 at 1:30 pm |

    @Y’all — If you want to see how it works, I’ve installed an anonymous multi-user chat sidebar here:

    http://tofucharlie.blogspot.com/

  58. Mother earth | October 29, 2009 at 12:57 pm |

    @Tofu

    But it is the ability to think for yourself that should convince you of the truth of global warming.

    Having seen the whole AJ fall or the republic film I think it is basically naive. It does not take into account the fact that the demands on any government have changed. It is not enough to tell people to start thinking, that is in a way irresponsible, especially if you say that while you know they are undereducated and bombarded by lies. On top of that he fill those who listen to him with suspicion, paranoia and false beliefs about healthcare reform. He wants to barbeque, but he thinks gevenrment organized communal service is apalling.

    He is just a storng voice and people cling to that even if it doesn’t help them..

  59. Phil | October 29, 2009 at 12:55 pm |

    euronewstv: Ecuador seeks closer ties with Moscow
    Sent at 29/10 20:52:17 by euronews (English)

    …Political analyst Viktor Linnik said: “The US is very active in the territories of the former Soviet Union, in some of the territories, especially like Georgia, like Ukraine. It’s only natural that Russia would reciprocate by being more active in Latin America.”

    President Correa has also said it is possible that Russia and his country, an OPEC member, could also reach agreements on energy cooperation. Moscow is already investing heavily in oil projects in Venezuela….

    http://www.euronews.net/2009/10/29/ecuador-seeks-closer-ties-with-moscow/

  61. Illya Kuryakin | October 29, 2009 at 12:48 pm |

    I’m in the market for a 1960 Gibson ES-5, preferably an original Russian model but will settle for Yankistani knock-off if the price is right.

  62. Phil | October 29, 2009 at 12:43 pm |

    ZH : Joe Saluzzi On The Economy, Transaction Taxes, Fund Flows And Other Topics

    http://www.zerohedge.com/article/joe-saluzzi-economy-transaction-taxes-fund-flows-and-other-topics

  64. Michael Le Couteur MSCD ret'd | October 29, 2009 at 12:41 pm |

    Jones is like so many others.

    “Blah Blah Blah……and now a word from our myriad of sponsors.”

    Agenda? Nope. Nothing to see here. My kingdom for a website that has zero ads for water filters, internet security tools and/or cheap gold coins. I just love the sheep that polish their silver on a sinking ship. Am I winning yet Daddy? Sad.

  65. doomandbloom | October 29, 2009 at 12:40 pm |

    zerohedge getting a lot of publicity on Bloomberg….

    max when are you zipping and zapping?

  66. Illya Kuryakin | October 29, 2009 at 12:37 pm |

    Just figured out what u said i am 7 larges down on the Whysky front

    I would never have guessed…

  67. Illya Kuryakin | October 29, 2009 at 12:30 pm |

    You guys remember that Mission Impossible episode from the sixties when the Impossible Missions Force (IMF) had to smuggle ten tons of gold across the Iron Curtain? They took apart a Mercedes sedan and recast all the body panels in solid gold. It may come to that…

  69. Phil | October 29, 2009 at 12:19 pm |

    @Fibon11235 … like the 2nd. one … “we think too small” !

    … maybe Illya deserves the tin-foil hat !
    ;-)

  70. Tofu Charlie | October 29, 2009 at 12:17 pm |

    @Stacy & Y’all

    Maybe this site needs a chat sidebar? Seems like theres activity here 24/7.

    This is the first decent-looking free java chat applet I could find:

    http://chatango.com/page?FAQ

    …+1 vote

  71. Fibon11235 | October 29, 2009 at 12:17 pm |

    @ Phil

    There is quite allot in some of them this one is cool
    http://www.youtube.com/watch?v=1R9U5b_YV0Y
    This one good for the quotes
    http://www.youtube.com/watch?v=BqQfkkw_AJo

  72. Phil | October 29, 2009 at 12:17 pm |

    @Illya Kuryakin … I will gladly pay you zero dollars on Tuesday for a Monsanto ersatz burger today.

    Been done before … in Germany 1923 !

  73. Fibon11235 | October 29, 2009 at 12:16 pm |

    @ Phil

    There is quite alot in some of them this one is cool
    http://www.youtube.com/watch?v=1R9U5b_YV0Y
    This one good for the quotes
    http://www.youtube.com/watch?v=BqQfkkw_AJo

  75. Illya Kuryakin | October 29, 2009 at 12:14 pm |

    …one lined with tinfoil.

    Sorta like the bullshit “lunar landing module” that a squirrel with bronchitis could blow a whole through?

  76. Phil | October 29, 2009 at 12:13 pm |

    DJIA 10K today or bust !

    Looks like it .. which is surprising.
    How did the FED auction go today ?
    Was expecting to hear from ZH on this !

  77. psb | October 29, 2009 at 12:13 pm |

    Ideally this is precisely the model that each state in the “Union” should adopt for the management of its resources as there is no justification for any state to “invest” its revenues with Wall Street for a miserable return of say 1% while municipalities within that same state borrow from Wall Street at a cost of say 4%. With North Dakota’s model, each state in effect would bypass Wall Street and lend directly to that state’s municipalities at say 2.5% and have both the state and each of its municipalities benefit enormously.

    However, the adoption of North Dakota’s model by other states implies two impossibilities. First, the illusion that any elected governor of any state is there to “serve” those who elected him or those whom he legally represents and not Wall Street, who most likely financed that governor’s campaign and therefore “owns” him. Second, the myth that any state is sovereign or independent to act in any way as to threaten the interests of those who own The Federal Reserve Banks.

    As Albert Jay Nock so eloquently put it in State of the Union:

    “The idea that the State originated to serve any kind of social purpose is completely unhistorical. It originated in conquest and confiscation – that is to say, in crime. It originated for the purpose of maintaining the division of society into an owning and exploiting class and a propertyless class – that is, for a criminal purpose! No State known to history originated in any other manner, or for any other purpose!”

    psb

  78. Youri Carma | October 29, 2009 at 12:13 pm |

    HOT: THE WAR IS ON – Lindsey Williams on the AJS 19 October 2009 (Updated) http://tinyurl.com/yh2nv8z

  79. Depression Alert | October 29, 2009 at 12:13 pm |

    We are now in recovery according to CNBC . Thats it, our down economy is now on the mend. More fake news to feed into a fake economy and stock market. I love it, the last few suckers hsould jump in head first here in November. By February to April all we be lost again. I love this scenario, as the PTB to as well, as way to many people are still solvent for a panic agreement to be pushed forward on a international currency.

  80. Illya Kuryakin | October 29, 2009 at 12:12 pm |

    Hmmph, I’m waiting for the FED to print a zero dollar fiat promissory note, “for all debts public and private”.

    I will gladly pay you zero dollars on Tuesday for a Monsanto ersatz burger today.

  81. Phil | October 29, 2009 at 12:12 pm |

    @Tofu … Tin Foil

    LOL … just used some tin foil to build a WiFi amplifier !
    Dead easy, take a coat hanger and make an oval shape using tin foil .. put it behind your router’s antenne !

    Other than that .. don’t have any uses , except for my hat !

  83. Tofu Charlie | October 29, 2009 at 12:09 pm |

    …one lined with tinfoil.

  84. Tofu Charlie | October 29, 2009 at 12:08 pm |

    The Truth About UFOs? Jeesuz…

    I want to believe as much as the next person… but get a frickken room…

  85. Youri Carma | October 29, 2009 at 12:07 pm |

    @Phil

    Laser probably….

    Still reading THE DAY AFTER ROSWELL by Col.Philip J. Corso (Ret.). Thechnology derived from the Roswell craft:
    - ICC Computer Chips silicon micro structure
    - Fiber Optics
    - Super- tenacity fibers
    - Lasers
    - Night Vision (Although the Germans also developed one not known if they also retrieved an Alien craft) and more….

  86. Tofu Charlie | October 29, 2009 at 12:06 pm |

    @Mother (continued)

    …although the political opponents like AJ have a lot of good points. Man-made global warming is a great stick to beat people (and nations) over the head with.

  87. Phil | October 29, 2009 at 12:04 pm |

    PS@Fibon11235 .. Truncation by Stacy’s website !

    100,000,000,000,000,000,000,
    000,000,000,000,000,000,000,
    000,000,000,000,000,000,000,
    000,000,000,000,000,000
    x Electron mass

  88. Phil | October 29, 2009 at 12:03 pm |

    @Fibon11235 .. Thx … seen many like that already.

    Einstein calculated that the total mass of the universe is 10 to the power of 79 electron masses.
    i.e. 100,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000
    x Electron mass

    Our Milky way has ca. 200 Billion stars.
    Our MW belongs to a Galaxy Cluster that has ca, 200 Bio. Galaxies.
    There are supposed to be Billions of Galaxy Clusters as well !
    … and you still don’t get to the 10*79 electron masses !
    ;-)

  89. Tofu Charlie | October 29, 2009 at 12:02 pm |

    @Mother — re: climate change, AJ

    By definition, “skeptics” include all those people like me who don’t trust officialdom and are basically just going to wait and see.

    I used to agree that a lot of greenhouse-effect skeptics (lets be specific) were funded by oil companies and others with vested interests. Couple of things changed my mind:

    1. IMO the scale and — more importantly — sincerity of the scientist skeptics (not the cultural/political opponents) is beyond what oil lobbyists and academic dupes could hope to achieve…

    2, Seeing how vested interests have infiltrated the green movement (and green-red, green-blue etc).

  90. Fibon11235 | October 29, 2009 at 11:55 am |

    @Phil :-) :-) :-) :-) :-) :-) :-) :-)
    If our universe is HUGE and so sure there are Aliens lots and lots and lots of them. Nice ones big ones horrible ones and attractive ones lol My guess there are many world like ours and therefore many Aliens like us. But are they here? ? mmmm The only evidence of any kind that I have seen that makes me think is when they locked away that poor sod for hacking into those computers.

    I found that a very sad abuse of human rights and was quite alien in nature.

    Just get creative and create new and wonderful devices that have not existed before, that should scare them if you think there here? lol

    For your entertainment:-
    http://www.youtube.com/watch?v=HlP6znMKnr8
    http://www.youtube.com/watch?v=LVLRDBFyrTk
    http://www.youtube.com/watch?v=ZEATlQWgC94
    http://www.youtube.com/watch?v=BqQfkkw_AJo

  91. Bonn | October 29, 2009 at 11:48 am |

    ROFL PMSL
    @ Illya Kuryakin

    Just figured out what u said i am 7 larges down on the Whysky front

  92. Illya Kuryakin | October 29, 2009 at 11:45 am |

    Western pension funds and financial managers hold shares in two Israeli banks: Bank Hapoalim and Bank Leumi. Both banks operate in and offer loans to finance illegal settlement activities in the occupied Palestinian and Syrian territories.

    http://electronicintifada.net/v2/article10856.shtml

    Israel’s settlements in the Occupied Palestinian Territories (OPT) and the Syrian Golan Heights violate the Fourth Geneva Convention, which prohibits the Occupying Power to deport or transfer parts of its civilian population into the territory it occupies. Therefore, the local branches of the two banks in these settlements are illegal as well.

    Swine.

  94. Mother earth | October 29, 2009 at 11:41 am |

    @Tofu

    Stay a climate sceptic and a slave to the oil companies. Then face the catastrophy unprepared. What will make you more vulnerable to foreign powers? Who is not helping you reach wealth?

  95. Illya Kuryakin | October 29, 2009 at 11:40 am |

    again, dialysis may help that condition :)

  96. Bonn | October 29, 2009 at 11:38 am |

    ROFL PMSL all i hear on the BBC is “I Think”
    I Think I think I think

  97. Mini US | October 29, 2009 at 11:38 am |

    Whatever the GDP numbers, whatever the ‘real’ economy, the Fed and Banks have just spent 3 days letting us know that the still hold the reigns…. for now.
    Whatever we like to ‘want’ or ‘think is fair’.
    Hopefully this’ll McChange, but for now its just to remind us ;)

  98. mike | October 29, 2009 at 11:26 am |

    Goldman Sachs defends controversial trading practices

    The bank also argued that their use helped to add liquidity to the markets, saying that: “The investing community (especially retail) has benefited from the evolving market structure and industry competition.”

    What BS especially retail investor benefited

    http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6448688/Goldman-Sachs-defends-controversial-trading-practices.html

  99. Phil | October 29, 2009 at 11:24 am |

    @Fibon11235 …. maybe that particular case is fake , who knows !

    OTOH, my father was in the RAF for 45 years, and on retiring, he told me about a case in the 70′s where 2 RAF fighter jets were called out to chase a UFOs ( that’s what they call them !! ). The fighters crashed over France, and the wreckage that they found was literally completely pierced with needle-sized holes … one assumes they got a little too close for comfort. This “RAF event” was never mentioned in any news … except for the sightings themselves. You choose to believe it .. or not !
    ( no smiley ) !
    BTW .. the UFO was also tracked on radar and moved in speed and height without no apparent acceleration.

  100. Bonn | October 29, 2009 at 11:22 am |

    stale mate as in how do we get a global agenda going

    I love this video though its from 2008 too funny
    CLASSIFIED CLASSIFIED CLASSIFIED
    ROFLPMSL
    http://www.youtube.com/watch?v=LXfXuk6aWJc&feature=related

  101. frances snoot | October 29, 2009 at 11:14 am |

    @Bonn:
    Ludacrase Stale mate

    How so?

  102. frances snoot | October 29, 2009 at 11:12 am |

    We’re like hungry little birds, grateful for a worm of information.

    Alex Jones provides a perspective. Little children believe in “truth” because their lives are built upon a steady succession of lies fed to them from infancy. It’s familiar and consistent and comforting. A base upon which to stand. The base is assumption, always, but the view is free. Are we children?

    Admit assumption and lean away from anyone who would claim to be an oracle of truth. No way: it isn’t possible. The stories are always selective and suited to the vested interests of those behind the storyteller.

  103. Fibon11235 | October 29, 2009 at 11:09 am |

    @ Phil

    Seriously if you were visiting the World for your holidays, adventure or mission. Why would you hang out in a desert, Phoenix, Arizona lol come on. Maybe the Amazon or Africa for the wildlife and nature or maybe Europe for some cream cake and culture but Arizona…piss me self laughing.. I can understand that the people there are bored stiff and have fantasies ooooo yes lol

    ..http://www.checkmycity.com/video_travel_city_guide.php?city_tourism=Phoenix,%20Arizona,&vid=652

  104. Bonn | October 29, 2009 at 11:06 am |

    @ frances snoot
    Point takin but essentially i am driving at the fact that the world is heading towards a Ludacrase Stale mate Damn Google n MS Word for screwing my spelling

  105. Fibon11235 | October 29, 2009 at 11:02 am |

    @ BONN, you had me in stiches with this quote, thanks for that, LMAO :-)

    BONN ”
    They never wanted to Find Al Qiada otherwise the Gig would be up. ROFL

    But if u Default on your Taxes they could Find u even if you were at the North Pole ROFL”

  106. Phil | October 29, 2009 at 11:01 am |

    @Jibber Jabber … interesting !

    ‘I KNOW WHAT I SAW’ (HD) Part 1/9 — UFO Documentary, Directed by James Fox

    http://www.youtube.com/watch?v=OAXpEvDvz8w

  107. frances snoot | October 29, 2009 at 11:01 am |

    Do the words really matter in the end? The state wants grouping of people to deal with, not individuals with actual thinking apparatus functioning. The words are a way of building up fences between different groups to contain them.

    We don’t have a choice at all in the coming ‘new world order’, except to die. And dying would only serve to reduce the population for the elite: win/win.

  108. frances snoot | October 29, 2009 at 10:57 am |

    I don’t get it, WL. The way the different arms of the media play the subject. I think the whole point is the group that watches Alex Jones religiously is the group that the state would rather not carry about any longer. So the whole bid to enrage the goons. Then pick the schmuckies off like target practice later.

    Not like the police state showed ANY compassion in New Orleans post-Katrina. Why do white folks think they rate any better?

  110. Phil | October 29, 2009 at 10:55 am |

    @Tofu Charlie .. Thx for the Bhutto link !

    Doesn’t surprise me at all !

  111. frances snoot | October 29, 2009 at 10:54 am |

    Bonn:
    Can you switch the order?!

    As in:
    ROFL PMSL

    And:
    PMSL ROFL
    It wouldn’t change the meaning!? Both ways one is covered in piss? Maybe it would be better the second way so you could sort of clean yourself off by rolling about on a clean surface. Is there an etiquette call here?

  112. WL | October 29, 2009 at 10:53 am |

    Alex Jones is a douchebag…

    Agreed

    But he is right on the climate change scam

  113. aleix1979 | October 29, 2009 at 10:52 am |

    haha. That’s Stacy running her commie talk again. xD

  114. frances snoot | October 29, 2009 at 10:50 am |

    Alex Jones is a douchebag…

    fullstop.

  115. Tofu Charlie | October 29, 2009 at 10:47 am |

    @Mother — so you’re a climate change believer? How does it feel to finally be in the minority? :)

  116. Bonn | October 29, 2009 at 10:44 am |

    And i wanna really Disect the Tie and the Symbolism behind it does it represent a Noose ROFL PMSL

  117. Mother earth | October 29, 2009 at 10:44 am |

    Alex Jones is a douchebag for his approach to climate change in Fall of the Republic. What a moron. He clearly has an agenda.

  118. Bonn | October 29, 2009 at 10:43 am |

    Man i am so Drunk ROFL PMSL on my 6th Large Whysky

  119. Will | October 29, 2009 at 10:42 am |

    While we’re on the topic of states – If you own any municipal bonds (in the general sense, that is, bonds which are supposed to be paid by one of the governments of the 50 US states) it might be a good idea to read this report (PDF, 130K).

  121. Tofu Charlie | October 29, 2009 at 10:40 am |

    @Phil, Youri etc

    Some Pak ex-military are saying Blackwater (or subcontractor) hit Bhutto.

    Wayne Madsen thinks it was related to Cheney’s JSOC assassination team.

    http://catastrophist.wordpress.com/2009/09/15/retired-pakist…benazir-bhutto/

    .

  122. Bonn | October 29, 2009 at 10:27 am |

    @ Youri Carma
    I know that Youri Its hood wink these idiots / Lunatics have to get more blatant otherwise how could they sell Global Government and NWO so just wait and see BBC and CNN pushing Global Climate change before the Lisbon Treaty the world is getting conned its so out right open

  123. Bonn | October 29, 2009 at 10:23 am |

    ROFL PMSL from Global Warming to Climate Change ROFL All the three idiots Prince Charles n his kids plus Daniel Craig alonq with Robbin Williams ROFL

  124. Youri Carma | October 29, 2009 at 10:22 am |

    @Bonn

    Al Qiada is mostly misspelled, it’s AL Ciada (AL is from AL Capone or AL Gore)

  125. Youri Carma | October 29, 2009 at 10:14 am |

    @Phil

    Yep, Bhutto was guned down in clear daylight was CIA work indeed.

    I am just wondering why China and Russia allow the Americans to get closer to their borders but China is not strong enough militarely and it could be that the Americans cut a deal with Russia just like they did with Hitler about Poland before WOII and already decided who gets which part.

    It seems time for China to support the Taliban and strengthen their army which they are doing already with building new flight carriers. Donnow about China’s technical state. The Russians surely can match up the Americans technically and in some areas are even beyond.

  126. Bonn | October 29, 2009 at 10:05 am |

    Like I said The Last step to a Global Goverment is prooving tough for the NWO they just don’t know how to do it ROFL PMSL

  127. Youri Carma | October 29, 2009 at 9:57 am |

    @Phil

    I thought that I heard Tarpley saying that they Americans cut a deal with the Russians so that they are already ready to pump more oil to keep the price down. But you will have a riple effect in the beginning on the first oil sanction news when it comes but than again the NWO knows when that’s gonna happen so profit again from that temporary volatility up.

    That would explain why the Russians are not pressing more for negotiations like Putin did before. They sound quiet laconic like…yeah why not..sanctions.

  128. Phil | October 29, 2009 at 9:54 am |

    @Danny … I know that

    I thought so . as posted !
    BTW… was it Benjamin Fulford that mentioned that Benazir Bhutto’s murder was orchestrated by the C-I-A. ?

    I read her autobiography some 15 years ago.
    She hated the American influence over Pakistan and hated the CIA even more. She was educated in Oxford .

  129. Danny | October 29, 2009 at 9:48 am |

    @Phil

    I know that Phil!! :D but thats the story they are gonna feed the world. Brzezinski wants to destroy Pakistan into mini-states, as Pakistan is traditionally aligned with China. And of course, as always, control of pipelines.

    Even in (the much loved around here) Adam Curtis’s The Power of Nightmares it is admitted there no such thing as an organised international network of terrorists called Al Qaeda. Robert Gates, Secretary of Defence, wrote in his book that he considered setting up such a phantom organisation. There are terrorists/crazies, but the organised groups tend to be controlled by intelligence networks for all sorts of politically motivated covert operations. (IMO)

  130. Phil | October 29, 2009 at 9:46 am |

    @Youri .. I’m not too sure if the refineries in Russia and China have a lot to spare ! It’s my guess that the Iranians need the refined oil for electrical power ( diesel ).
    And I suppose the next step (sanction) will be to try and stop oil exports from Iran.
    Quite ironic – no wonder the Iranians want Nuclear Energy !
    ;-)

  131. Youri Carma | October 29, 2009 at 9:39 am |

    @Phil

    They went completely beserk. You know why Japan had to go to war in WOII? They where completely isolated from any supply so had to fight their way out. It seems that they want to pull the same trick. Wonder what Russia and China will say.

    Oil will go up which would please Russia but the American people will pay the price in higher oil again. Maybe it’s time to dump the dollar it will happen anyways later when the rest of the world discovers the game plan of the Americans.

  132. Bonn | October 29, 2009 at 9:35 am |

    Call me insane but just look at the Guys on CNN why are thier Eye Brows going up ???? Who Speaks Like that ??? Starting to Belive David Icke

  134. Phil | October 29, 2009 at 9:28 am |

    US Congress initiates sanctions legislation ahead of Iran’s reply

    …By a voice vote, the House foreign affairs committee approved legislation Wednesday, Oct. 28 imposing sanctions on Iran’s main gasoline suppliers, including British, French, Swiss and Indian firms.…

    http://www2.debka.com/headline.php?hid=6346

    Obviously urgent ….. to stop the oil trade outside the US$ !
    LOL !

  135. Bonn | October 29, 2009 at 9:27 am |

    @Finding Al Qaeda and @Will

    They never wanted to Find Al Qiada otherwise the Gig would be up. ROFL

    But if u Default on your Taxes they could Find u even if you were at the North Pole ROFL

  136. Phil | October 29, 2009 at 9:24 am |

    @Danny ….. the last thing the US wants is to find bin laden … let alone alive !

    Al-Qaeda is a US-invented name.
    It was the name that the CIA used for their covert operations database in Afghanistan during the Ruskies war.
    But you knew that probably.

    The Bin Laden family are the biggest building contractors in Saudi Arabia … and get the majority of the US Govt. building contracts there .. or used to anyway.

    Also, I may be wrong but AFAIK, the Carlyle Group ( the old presidents club ) handled most of the liaison in such matters .

  137. Will | October 29, 2009 at 9:22 am |

    @Finding Al Qaeda

    Hey, it’s hard to find those guys, try it yourself:

    http://images.shareapic.net/images2/005626363.jpg

    Your Arabic phrase for the day is “Ana raicha Al Qaeda” (“I’m going to the toilet.”) See http://www.youtube.com/watch?gl=GB&hl=en-GB&v=qNvqm_qgM5U
    (From the BBC special The Power of Nightmares)

  138. Bonn | October 29, 2009 at 9:18 am |

    @ Dan
    But as Max Keiser has pointed out most banks have deffered to Account their Toxic Assets to Next Year so Go figure ! I certainly cant find a Job though really not looking for one but i would Love to work with MaxKeiser.com

  139. Dan | October 29, 2009 at 9:15 am |

    Considering financial sector profits contribute massively towards GDP figures why would anyone not expect GDP to be up?

    Infact we should expect to see GDP continue to go up whilst the economy gets devastated.

  140. Danny | October 29, 2009 at 9:05 am |

    @Phil Re: Pakistan – If the Pakistanis can’t find Al Qaeda, then the US is gonna have to go find them; USA! USA! USA! all made up bull again.

    This news that America is out of recession is absolutely laughable – how do the newsreaders keep straight faces when reading it aloud.?

  141. Phil | October 29, 2009 at 9:00 am |

    Clinton puzzled at Pakistan failure to find al Qaeda

    …LAHORE, Pakistan (Reuters) – U.S. Secretary of State Hillary Clinton’s said on Thursday it was “hard to believe” that no one in Pakistan’s government knew where al Qaeda leaders were hiding, striking a new tone on a trip where Washington’s credibility has come under attack. …

    http://www.reuters.com/article/topNews/idUSTRE59R0II20091029

    Well, that statement didn’t exactly help now did it !
    …& Hilary wearing a nice scarf … LOL !
    ;-)

  142. Mother earth | October 29, 2009 at 8:45 am |

    Is that the US Rabobank equivalent (also agri based)?

  143. davem | October 29, 2009 at 8:45 am |

    morality does not trade on the stock exchange (taken from ‘Truth about Market’ last week)

    http://davemiller.org/gallery/editorial_drawings/stockexchange.gif

  144. Birthday Boy | October 29, 2009 at 8:39 am |

    http://www.huffingtonpost.com/ellen-brown/but-governor-you-can-crea_b_207806.html

    Ellen Brown has been writing about the Bank of North Dekota for months.

  145. Danny | October 29, 2009 at 8:34 am |

    @stacy

    I’ve seen @Bicyclemark interview you before in an old karmabanque video in your apartment. Who is he??

  146. Bonn | October 29, 2009 at 8:33 am |

    Also why this new propaganda on the Berlin Wall off lately Are they conditioning the people to eventually say Screw all Borders All just ahead of the Lisbon Treaty at Copenhaggen??? and can anyone tell me why that blasted City “The Hague” is called “The Hague”

  147. Richard@lattitude30N | October 29, 2009 at 8:30 am |

    @Stacy: exactly that’s my vision for the numerous Native American tribes…currently the FREE LAKOTA BANK has initiated a non fractional reserve bank issuing gold and silver coins as backing…I see a entire system of affiliate tribal banks nationwide…The states could do the same…let the FED make it illegal..I say they fail…

  148. Bonn | October 29, 2009 at 8:27 am |

    Man i am totally Jobless ROFLPMSL